Lumentum Holdings Inc.

Valuation Analysis

About the Company

Lumentum Holdings Inc. en bref

Lumentum Holdings Inc. (LITE) is currently trading at 741,00 € with a market capitalization of 57,6 Md €. The trailing P/E ratio stands at 149.38x, with a forward P/E of 46.88x. The 52-week range spans from 75,52 € to 946,46 €; the current price is 21.7% below the yearly high. Year-over-year revenue growth stands at +90.1%. The net profit margin stands at 17.68%.

💰 Dividende

Lumentum Holdings Inc. currently does not pay a dividend. The company typically reinvests its earnings into growth initiatives and product development.

📊 Avis des analystes

25 analystes évaluent Lumentum Holdings Inc. (LITE) au consensus : Acheter. L'objectif de cours moyen est de 968,78 €, soit un potentiel de +30.74% par rapport au cours actuel. La fourchette des objectifs de cours des analystes va de 523,06 € à 1 220,47 €.

Lumentum Holdings Inc. : la thèse d'investissement en détail

Lumentum Holdings Inc. (LITE) operates in the Technology — specifically Communication Equipment — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

Le scénario haussier

Top-line momentum is unusually strong with revenue expanding 90.1% year-over-year, a pace that puts the company well above the market average and signals genuine demand traction rather than mere cyclical tailwind. The combination of a 40.84% gross margin and 21.77% operating margin shows the business converts revenue into profit efficiently — a hallmark of competitive moat. Free cash flow is positive and net margins stand at 17.68%, meaning reported earnings translate into real cash that can fund buybacks, dividends or strategic acquisitions.

Le scénario baissier

Short interest sits at 14.54% of float — a meaningful contingent of professionals is positioned for the share to fall, which deserves attention even if their thesis may turn out to be wrong. Our valuation screen flags the stock as overvalued — current multiples imply the business needs to deliver well above its recent trajectory to justify the price.

Valorisation en contexte

With a PEG ratio of 0.63, the price-to-earnings multiple is actually below the company's growth rate — classic value-meets-growth territory that Peter Lynch would have called a 'GARP' opportunity. The EV/EBITDA multiple of 123.63x reflects rich expectations — historically, multiples at this level have proven hard to maintain for more than a few quarters.

À surveiller

• The forward P/E of 46.88x is meaningfully below the trailing 149.38x — analysts expect earnings to step up; the next earnings release is the test.
• The analyst consensus price target implies 30.74% upside — if the next two quarters confirm the underlying thesis, target hikes typically follow.

Thèse d'investissement : forces et faiblesses

Aperçu technique

Price shows short-term weakness (below 50d MA) but is still in a longer-term uptrend (above 200d MA).

Profil de risque

The data points to market-like volatility, elevated short interest (14.54%), higher leverage relative to equity.

Trading Data

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