Complete LASE Stock Valuation Analysis
Comprehensive intrinsic value analysis using 2 different methodologies
LASE DCF Analysis
LASE (Laser Photonics Corporation) discounted cash flow analysis with multiple scenarios, growth assumptions, and terminal value calculations
Financial Projections
| Metrics | 2021 (Historical) | 2022 (Historical) | 2023 (Historical) | 2024 (Projected) | 2025 (Projected) | 2026 (Projected) | 2027 (Projected) | 2028 (Projected) |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.2M | $5.0M | $3.9M | $4.4M | $4.9M | $5.3M | $5.8M | $6.2M |
| Revenue Growth % | - | 18.2% | -20.5% | 11.6% | 10.4% | 9.4% | 8.4% | 7.6% |
| EBIT | $648.3K | $-979.9K | $-3.3M | $219.8K | $242.7K | $265.4K | $287.9K | $309.7K |
| EBIT Margin % | 15.5% | -19.8% | -85.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% |
| Tax Rate % | 12.3% | 25.0% | 25.0% | 17.5% | 18.2% | 19.0% | 19.7% | 20.5% |
| NOPAT | $568.4K | $-734.9K | $-2.5M | $181.4K | $198.5K | $215.1K | $231.1K | $246.3K |
| NOPAT Margin % | 13.6% | -14.8% | -63.7% | 4.1% | 4.1% | 4.1% | 4.0% | 4.0% |
| Capex | $229.5K | $45.7K | $484.9K | $274.1K | $287.5K | $298.7K | $307.8K | $314.6K |
| Capex / Revenue % | 5.5% | 0.9% | 12.3% | 6.2% | 5.9% | 5.6% | 5.3% | 5.1% |
| Depreciation | $396.2K | $345.3K | $523.4K | $435.3K | $480.7K | $525.8K | $570.1K | $613.5K |
| D&A / Revenue % | 9.5% | 7.0% | 13.3% | 9.9% | 9.9% | 9.9% | 9.9% | 9.9% |
| Change in NWC | $-124.8K | $11.4M | $-5.7M | $-130.9K | $-115.6K | $-101.1K | $-87.7K | $-75.5K |
| NWC Change / Revenue % | -3.0% | 230.2% | -145.5% | -3.0% | -2.4% | -1.9% | -1.5% | -1.2% |
| Unlevered FCF | $860.0K | $-11.8M | $3.3M | $473.5K | $507.2K | $543.3K | $581.2K | $620.7K |
| UFCF % Chg. | - | -1476.9% | 127.5% | -85.5% | 7.1% | 7.1% | 7.0% | 6.8% |
| FCF / Revenue % | 20.5% | -239.0% | 82.8% | 10.8% | 10.5% | 10.2% | 10.1% | 10.0% |
| Discount Factor | - | - | - | 0.845 | 0.714 | 0.603 | 0.510 | 0.431 |
| Present Value of FCF | - | - | - | $400.1K | $362.2K | $327.8K | $296.3K | $267.4K |
| Sum of PV of UFCF | - | - | - | $400.1K | $762.3K | $1.1M | $1.4M | $1.7M |
WACC Calculation
Weighted Average Cost of Capital used for discounting cash flows.
| WACC Calculation | Value |
|---|---|
| Cost of Debt | 7.3% |
| Tax Rate | 17.5% |
| After Tax Cost of Debt | 6.0% |
| Risk Free Rate | 4.29% |
| Market Risk Premium | 4.3% |
| Beta | 3.29 |
| Cost of Equity | 18.6% |
| Total Debt | $597.1K |
| Market Cap | $34.3M |
| Total Capital | $34.9M |
| Debt Weighting | 1.7% |
| Equity Weighting | 98.3% |
| WACC | 18.3% |
Terminal Value
Choose between perpetuity growth or exit multiple methods.
| Terminal Value Calculation | Value |
|---|---|
| Terminal Growth Rate | 2.5% |
| Final Year FCF | $620.7K |
| Terminal Value | $4.0M |
| PV of Terminal Value | $1.7M |
| Cumulative PV of UFCF | $1.7M |
| Net Debt | $-5.6M |
| Equity Value | $9.0M |
| Shares Outstanding | 8.9M |
| Implied Share Price | $1 |
| Current Share Price | $2 |
| Implied Upside/(Downside) | -58.1% |
Valuation Summary
$1.01
Implied Price
$2.40
Current Price
-58.1%
Upside/Downside
18.3%
WACC
LASE Peer Valuation Analysis
Relative valuation based on comparable company trading multiples
Peer Valuation Analysis
Fair Value Range Analysis
Based on median multiples from 9 peer companies in Industrials
P/E Ratio
$-11.83
-592.8%
Peer Median: 27.0x
EV/EBITDA
$0.00
-100.0%
Peer Median: 18.6x
P/S Ratio
$0.82
-66.0%
Peer Median: 4.5x
Interpretation: Each multiple provides a different perspective on fair value. Consider which multiple is most relevant for LASE's business model and current situation.
Multiple Comparison
| Multiple | LASE Current | Peer Median | Peer Average | Premium/Discount | Assessment |
|---|---|---|---|---|---|
| P/E Ratio | -5.5x | 27.0x | 26.6x | -120.3% | Undervalued |
| EV/EBITDA | Infinityx | 18.6x | 20.5x | Infinity% | Overvalued |
| P/S Ratio | 13.3x | 4.5x | 6.0x | 193.9% | Overvalued |
Peer Companies
Click any company to view their valuation
| Company | Market Cap | P/E Ratio | EV/EBITDA | P/S Ratio |
|---|---|---|---|---|
| $0.05B | 0.0x | 0.0x | 73.9x | |
| $0.03B | 0.0x | 54.0x | 1.0x | |
| $0.03B | 0.0x | 0.0x | 10.1x | |
| $0.03B | 0.0x | 0.0x | 13.3x | |
| $0.03B | 1.7x | 2.9x | 0.4x | |
| $0.03B | 0.0x | 0.0x | 0.0x | |
| $0.04B | 51.2x | 39.9x | 2.6x | |
| $0.03B | 0.0x | 0.0x | 10.1x | |
| $89.51B | 27.0x | 18.6x | 4.5x |