Overview Dividends

(LITE) Lumentum Holdings - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US55024U1097

Optical Chips, Laser Systems, Photonic Modules, Fiber Lasers, Diode Sources

Communications Equipment
Market Cap in USD: 26,386m

IPO / Inception: 2015-08-04
Return 12m vs S&P 500: 220%

EPS (Earnings per Share)

EPS CAGR: -9.51%
EPS Trend: -47.1%

Last SUE: 3.50
Qual. Beats: 4

Revenue

Rev. CAGR: 4.86%
Rev. Trend: -4.4%

Last SUE: 0.29
Qual. Beats: 0

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	81.0%
Value at Risk 5%th	123%
Relative Tail Risk	-7.44%

Reward TTM
Sharpe Ratio	1.94
Alpha	220.49
CAGR/Max DD	1.71

Character TTM
Hurst Exponent	0.472
Beta	2.413
Beta Downside	2.778

Drawdowns 3y
Max DD	50.63%
Mean DD	16.52%
Median DD	16.02%

Description: LITE Lumentum Holdings November 07, 2025

Lumentum Holdings Inc. (NASDAQ:LITE) designs, manufactures, and sells optical and photonic components across five global regions, operating through two distinct segments: Cloud & Networking and Industrial Tech. The Cloud & Networking segment supplies chips, modules, and subsystems to data-center operators, AI/ML infrastructure firms, and network-equipment makers building high-capacity cloud and telecom networks. The Industrial Tech segment delivers short-pulse solid-state, kilowatt-class fiber, diode, and gas lasers to end-markets such as semiconductor device fabrication, solar-cell production, display manufacturing, and electric-vehicle/battery assembly.

Key recent metrics show LITE generated **$2.03 billion in revenue for FY 2023**, with the Cloud & Networking segment contributing roughly **62 %** of sales and posting an **operating margin of 15 %**-well above the industry average of ~10 % for photonics firms. The Industrial Tech segment saw a **12 % year-over-year revenue lift**, driven by a **~7 % CAGR** in the global laser equipment market and accelerating demand for EV battery manufacturing capacity. The company’s **order backlog stood at $1.2 billion** at quarter-end, indicating multi-quarter visibility amid ongoing supply-chain tightening for semiconductor-grade lasers.

Sector-level drivers that materially affect LITE’s outlook include (1) the **exponential growth in AI-driven cloud compute**, which is expanding data-center bandwidth needs and thus optical-module demand; (2) **government and private investment in domestic semiconductor fabs**, sustaining laser-tool spend; and (3) **rising EV-battery production**, which lifts demand for high-precision laser processing. Conversely, any slowdown in semiconductor capex or a prolonged shortage of rare-earth materials could compress margins.

For a deeper quantitative view of LITE’s valuation metrics and scenario analysis, you may find the ValueRay platform a useful next step.

Piotroski VR‑10 (Strict, 0-10) 4.5

Net Income (112.5m TTM) > 0 and > 6% of Revenue (6% = 110.5m TTM)

FCFTA -0.02 (>2.0%) and ΔFCFTA 0.09pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 30.37% (prev 103.2%; Δ -72.78pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.03 (>3.0%) and CFO 144.6m > Net Income 112.5m (YES >=105%, WARN >=100%)

Net Debt (2.51b) to EBITDA (183.0m) ratio: 13.70 <= 3.0 (WARN <= 3.5)

Current Ratio 1.37 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (78.3m) change vs 12m ago 14.64% (target <= -2.0% for YES)

Gross Margin 30.59% (prev 20.02%; Δ 10.57pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 42.92% (prev 32.51%; Δ 10.41pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -2.92 (EBITDA TTM 183.0m / Interest Expense TTM 22.4m) >= 6 (WARN >= 3)

Altman Z'' -0.14

(A) 0.12 = (Total Current Assets 2.09b - Total Current Liabilities 1.53b) / Total Assets 4.61b

(B) -0.19 = Retained Earnings (Balance) -857.0m / Total Assets 4.61b

(D) -0.22 = Book Value of Equity -837.1m / Total Liabilities 3.83b

Total Rating: -0.14 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 28.69

1. Piotroski 4.50pt

2. FCF Yield -0.31%

3. FCF Margin -4.80%

4. Debt/Equity 4.20

5. Debt/Ebitda 13.70

6. ROIC - WACC (= -14.72)%

7. RoE 12.27%

8. Rev. Trend -4.38%

9. EPS Trend -47.15%

What is the price of LITE shares?

As of December 18, 2025, the stock is trading at USD 320.25 with a total of 4,163,491 shares traded.
Over the past week, the price has changed by -12.50%, over one month by +32.30%, over three months by +96.06% and over the past year by +260.16%.

Is LITE a buy, sell or hold?

Lumentum Holdings has received a consensus analysts rating of 4.19. Therefore, it is recommended to buy LITE.

Strong Buy: 8
Buy: 4
Hold: 3
Sell: 1
Strong Sell: 0

What are the forecasts/targets for the LITE price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	255.1	-20.3%
Analysts Target Price	255.1	-20.3%
ValueRay Target Price	314.5	-1.8%

LITE Fundamental Data Overview December 13, 2025

Market Cap USD = 26.39b (26.39b USD * 1.0 USD.USD)
P/E Trailing = 226.8841
P/E Forward = 62.1118
P/S = 14.3254
P/B = 33.2248
P/EG = 0.97
Beta = 1.534
Revenue TTM = 1.84b USD
EBIT TTM = -65.3m USD
EBITDA TTM = 183.0m USD
Long Term Debt = 2.16b USD (from longTermDebt, last quarter)
Short Term Debt = 1.09b USD (from shortTermDebt, last quarter)
Debt = 3.28b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.51b USD (from netDebt column, last quarter)
Enterprise Value = 28.54b USD (26.39b + Debt 3.28b - CCE 1.12b)
Interest Coverage Ratio = -2.92 (Ebit TTM -65.3m / Interest Expense TTM 22.4m)
FCF Yield = -0.31% (FCF TTM -88.5m / Enterprise Value 28.54b)
FCF Margin = -4.80% (FCF TTM -88.5m / Revenue TTM 1.84b)
Net Margin = 6.11% (Net Income TTM 112.5m / Revenue TTM 1.84b)
Gross Margin = 30.59% ((Revenue TTM 1.84b - Cost of Revenue TTM 1.28b) / Revenue TTM)
Gross Margin QoQ = 34.00% (prev 33.26%)
Tobins Q-Ratio = 6.19 (Enterprise Value 28.54b / Total Assets 4.61b)
Interest Expense / Debt = 0.17% (Interest Expense 5.70m / Debt 3.28b)
Taxrate = 19.23% (1.00m / 5.20m)
NOPAT = -52.7m (EBIT -65.3m * (1 - 19.23%)) [loss with tax shield]
Current Ratio = 1.37 (Total Current Assets 2.09b / Total Current Liabilities 1.53b)
Debt / Equity = 4.20 (Debt 3.28b / totalStockholderEquity, last quarter 780.8m)
Debt / EBITDA = 13.70 (Net Debt 2.51b / EBITDA 183.0m)
Debt / FCF = -28.33 (negative FCF - burning cash) (Net Debt 2.51b / FCF TTM -88.5m)
Total Stockholder Equity = 916.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.44% (Net Income 112.5m / Total Assets 4.61b)
RoE = 12.27% (Net Income TTM 112.5m / Total Stockholder Equity 916.8m)
RoCE = -2.12% (EBIT -65.3m / Capital Employed (Equity 916.8m + L.T.Debt 2.16b))
RoIC = -1.44% (negative operating profit) (NOPAT -52.7m / Invested Capital 3.66b)
WACC = 13.28% (E(26.39b)/V(29.67b) * Re(14.91%) + D(3.28b)/V(29.67b) * Rd(0.17%) * (1-Tc(0.19)))
Discount Rate = 14.91% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 7.46%
Fair Price DCF = unknown (Cash Flow -88.5m)
EPS Correlation: -47.15 | EPS CAGR: -9.51% | SUE: 3.50 | # QB: 4
Revenue Correlation: -4.38 | Revenue CAGR: 4.86% | SUE: 0.29 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.52 | Chg30d=+0.058 | Revisions Net=+3 | Analysts=19
EPS current Year (2026-06-30): EPS=5.69 | Chg30d=+0.179 | Revisions Net=+3 | Growth EPS=+176.1% | Growth Revenue=+58.2%
EPS next Year (2027-06-30): EPS=8.18 | Chg30d=+0.405 | Revisions Net=+3 | Growth EPS=+43.9% | Growth Revenue=+31.2%

Additional Sources for LITE Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle