nLIGHT, Inc. Financial Ratios — LASR Stock

Profitability (USD)

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	2.03	7.74	-5.15	-7.85	-9.03	-15.53	-13.1	-21.07	-8.02
Return on Capital (%)	- -	-1.82	-13.55	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	4.18	9.13	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	22.86	31.95	34.99	29.63	26.65	28.62	21	21.97	16.63	29.83
EBITDA Margin (%)	-1.22	12.79	13.25	-0.2	-3.3	-5.61	-14.67	-14.25	-22.03	-3.81
Operating Margin (%)	-9.22	7.07	8.92	-5.61	-9.45	-11.19	-21.16	-21.89	-30.9	-9.26
Incremental Operating Margin (%)	- -	51.36	13.76	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	-12.16	4.83	9.16	-3.83	-9.24	-11.12	-22.41	-20.32	-30.66	-8.71
Profit Margin (%)	-14.02	1.33	7.28	-7.29	-9.4	-10.98	-22.55	-19.85	-30.62	-8.98
Net Income to Common Margin (%)	-14.02	- -	4.98	-7.29	-9.4	-10.98	-22.55	-19.85	-30.62	-8.98
Effective Tax Rate (%)	- -	72.56	20.53	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	-46.36	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	20	17	- -	- -	13	18	16	14	12	36
ST Debt	1	2	- -	- -	2	3	3	3	2	23
LT Debt	18	15	- -	- -	11	15	13	11	10	13
Total Debt/EBITDA	-15.87	0.99	- -	-0.15	-1.77	-1.17	-0.44	-0.47	-0.28	-3.64
Net Debt/EBITDA	-4.98	-1.08	-5.89	339.71	13.84	9.67	1.63	1.78	1.5	7.91
Total Debt/EBIT	-2.11	1.78	0.01	-0.01	-0.62	-0.59	-0.3	-0.31	-0.2	-1.5
Net Debt/EBIT	-0.66	-1.96	-8.75	11.83	4.84	4.85	1.13	1.16	1.07	3.25
EBITDA to Interest Expense	- -	- -	- -	- -	- -	-92.99	- -	-446.55	-416.66	-9.17
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	-225.28	- -	-526.24	-492.2	-17.51
EBIT to Interest Expense	- -	- -	- -	- -	- -	-185.38	- -	-685.81	-584.24	-22.33
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	1
Common Equity/Total Assets	-169.58	-107.73	-41.86	-46.98	-48.78	-44.98	-67.62	-86.14	-120.29	-110.58
Long-Term Debt/Equity (%)	61.9	24.65	0.01	- -	4.82	4.84	4.75	4.31	4.54	5.92
Long-Term Debt/Capital (%)	-18.23	-14.93	-0.02	- -	-8.45	-9.72	-6.21	-4.39	-3.14	-4.3
Long-Term Debt/Total Assets (%)	25.87	13.72	0.01	- -	3.73	3.91	3.9	3.58	3.63	4.26
Total Debt/Equity (%)	66.24	28.51	0.05	0.02	5.93	5.85	5.76	5.57	5.61	15.97
Total Debt/Capital (%)	-19.51	-17.27	-0.1	-0.04	-10.41	-11.76	-7.54	-5.66	-3.88	-11.59
Total Debt/Total Assets (%)	27.68	15.86	0.04	0.02	4.6	4.73	4.74	4.62	4.49	11.49
Net Debt to Equity	20.77	-31.36	-68.59	-54.11	-46.33	-48.5	-21.35	-20.91	-30.42	-34.71
Net Debt/Capital (%)	-5.39	13.94	58.79	49.95	44.76	49.36	21.83	17.54	17.38	19.15
EBITDA	-1	18	25	- -	-7	-15	-36	-30	-44	-10
EBITDA-CapEx	-5	12	14	-14	-32	-37	-57	-35	-52	-19
Operating Income (Loss)	-9	10	17	-10	-21	-30	-51	-46	-61	-24

Liquidity (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	0.7	1.27	6.34	4.68	2.47	3.2	3.14	3.45	2.94	2.08
Current Ratio	2.4	2.93	9.27	7.93	4.85	6.06	6.69	6.73	5.67	3.79
Quick Ratio	1.26	1.78	7.53	5.88	3.38	4.32	4.24	4.66	3.96	2.87
CFO/Avg Current Liab	- -	0.14	0.13	-0.17	0.39	-0.17	-0.36	0.3	-0.07	0.43
Common Equity/Total Assets	-169.58	-107.73	-41.86	-46.98	-48.78	-44.98	-67.62	-86.14	-120.29	-110.58
Long-Term Debt/Equity (%)	61.9	24.65	0.01	- -	4.82	4.84	4.75	4.31	4.54	5.92
Long-Term Debt/Capital (%)	-18.23	-14.93	-0.02	- -	-8.45	-9.72	-6.21	-4.39	-3.14	-4.3
Long-Term Debt/Total Assets (%)	25.87	13.72	0.01	- -	3.73	3.91	3.9	3.58	3.63	4.26
Total Debt/Equity (%)	66.24	28.51	0.05	0.02	5.93	5.85	5.76	5.57	5.61	15.97
Total Debt/Capital (%)	-19.51	-17.27	-0.1	-0.04	-10.41	-11.76	-7.54	-5.66	-3.88	-11.59
Total Debt/Total Assets (%)	27.68	15.86	0.04	0.02	4.6	4.73	4.74	4.62	4.49	11.49
CFO/Total Liabilities	14.4	6.98	10.44	-12.71	20.46	-10.41	-24.91	19.26	-4.38	24.11
CFO/CapEx	1.47	0.62	0.29	-0.31	0.54	-0.35	-0.67	1.89	-0.3	2.36
Altman's Z-Score	-0.97	0.67	9.56	14.36	12.37	9.07	4.62	6.83	4.56	-0.3

Working Capital (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	12.02	9.6	6.58	7.56	7.36	6.09	5.42	5.33	6.1
Days Sales Outstanding	- -	30.36	38.03	55.44	48.29	49.58	59.93	67.37	68.46	59.87
Inventory Turnover	- -	3.9	3.83	3.05	3.24	3	2.71	2.74	3.56	4.25
Days Inventory Outstanding	- -	93.61	95.21	119.62	112.61	121.57	134.89	133.43	102.49	85.8
Accounts Payable Turnover	- -	9.42	10.42	10.91	10.19	8.94	8.44	10	11.32	10.45
Accounts Payable Turnover Days	- -	38.73	35.04	33.46	35.82	40.83	43.24	36.5	32.25	34.92
Cash Conversion Cycle	- -	85.24	98.21	141.6	125.08	130.32	151.58	164.3	138.7	110.75
Inventory to Cash Days	- -	-63.26	-57.18	-64.18	-64.32	-71.98	-74.96	-66.05	-34.03	-25.93
Inventories	19	30	35	46	55	74	68	52	41	45
Raw Materials	8	11	14	17	21	32	33	23	19	23
Work In Process	4	6	13	18	21	25	19	20	17	19
Finished Goods	7	12	8	12	12	17	16	9	4	3
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	442	753	1,253	1,009	451	622	502	- -
- Cash & Cash Equivalents	14	37	149	117	102	147	58	53	66	99
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	20	17	- -	- -	13	18	16	14	12	36
Enterprise Value	6	-19	293	636	1,163	880	358	523	414	-97
Total Capital	-101	-101	-105	-117	-125	-150	-207	-250	-313	-312
Total Debt/Capital (%)	-19.51	-17.27	-0.1	-0.04	-10.41	-11.76	-7.54	-5.66	-3.88	-11.59
Total Debt / EV	3.18	-0.91	- -	- -	0.01	0.02	0.04	0.03	0.03	-0.37
EV/Sales	0.06	- -	1.53	3.6	5.22	3.26	1.48	2.49	2.08	- -
EV/EBITDA	- -	- -	11.55	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	17.15	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	1.04	- -	86.69	- -	89.21	- -	- -	51.53	- -	- -
EV/Free Cash Flow to Firm	0.62	- -	19.4	67.68	31.12	61.66	49.87	33.77	72.9	- -
Diluted Market Cap	- -	- -	533	753	1,253	1,009	451	622	502	- -
Diluted Enterprise Value	6	-19	383	636	1,163	880	408	583	449	-62
EV per Share	0.24	- -	11.77	17.12	30.32	20.89	8.06	11.36	8.64	- -
TTM Sales	101	139	191	177	223	270	242	210	199	261
TTM EBITDA	-1	18	25	- -	-7	-15	-36	-30	-44	-10
TTM Operating Income	-9	10	17	-10	-21	-30	-51	-46	-61	-24
TTM Cash Flow to Firm	6	3	3	-4	13	-7	-15	10	-2	22
TTM Free Cash Flow to Firm	10	9	15	9	37	14	7	15	6	31

Multiples (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	35.3	80.16	33.5	71.49	62.77	40.31	90.16	- -
EV/EBIT	- -	- -	17.15	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	6	-19	293	636	1,163	880	358	523	414	-97
Low Price	- -	- -	16.25	12.6	9.04	23	8.22	8.13	9.64	6.2
EV/Sales	0.06	- -	1.53	3.6	5.22	3.26	1.48	2.49	2.08	- -
EV/EBITDA	- -	- -	11.55	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	46.42	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	71.49	-53.91	-40.1	-43.03	-10.88	-13.03	-9.39	- -
Price/Earnings High	- -	- -	113.91	-77.12	-67.21	-65.98	-21.15	-17.59	-11.62	- -
Price/Earnings Low	- -	- -	42.42	-36.3	-16.57	-32.67	-6.69	-8.99	-7.6	- -
Price/Book Value	- -	- -	-4.22	-6.41	-9.05	-6.01	-2.02	-2.35	-1.55	- -
Price/Book Value Average	- -	- -	-6.5	-5.91	-6.07	-7.6	-2.67	-2.05	-1.76	- -
Price/Book Value High	- -	- -	-10.36	-8.46	-10.17	-11.65	-5.19	-2.77	-2.17	- -
Price/Book Value Low	- -	- -	-3.86	-3.98	-2.51	-5.77	-1.64	-1.42	-1.42	- -
Price/Tangible Book Value	- -	- -	2.07	3.83	6.29	3.57	1.77	2.59	2.47	- -
Price/Tangible Book Value Average	- -	- -	3.19	3.53	4.22	4.51	2.33	2.26	2.81	- -
Price/Tangible Book Value High	- -	- -	5.08	5.05	7.07	6.92	4.54	3.05	3.48	- -
Price/Tangible Book Value Low	- -	- -	1.89	2.38	1.74	3.42	1.44	1.56	2.27	- -
Price/Sales	- -	- -	2.31	4.26	5.62	3.74	1.86	2.96	2.53	- -
Price/Sales Average	- -	- -	3.56	3.93	3.77	4.73	2.45	2.59	2.87	- -
Price/Sales High	- -	- -	5.67	5.63	6.32	7.25	4.77	3.49	3.56	- -
Price/Sales Low	- -	- -	2.11	2.65	1.56	3.59	1.51	1.78	2.33	- -
Price/Cash Flow	- -	- -	130.94	-177.5	96.06	-135.6	-30.98	61.64	-213	- -
Price/Cash Flow Average	- -	- -	201.65	-163.77	64.36	-171.52	-40.84	53.8	-241.88	- -
Price/Cash Flow High	- -	- -	321.31	-234.3	107.88	-263	-79.39	72.65	-299.5	- -
Price/Cash Flow Low	- -	- -	119.67	-110.28	26.6	-130.23	-25.12	37.12	-195.74	- -
Price/Free Cash Flow Average	- -	- -	54.36	73.96	22.45	90.42	82.75	35.19	102.39	- -
Price/Free Cash Flow High	- -	- -	86.62	105.81	37.63	138.64	160.83	47.51	126.78	- -
Price/Free Cash Flow Low	- -	- -	32.26	49.8	9.28	68.65	50.89	24.28	82.86	- -
EV/Sales Average	0.06	- -	2.78	3.27	3.37	4.25	2.28	2.4	2.6	- -
EV/Sales High	0.06	- -	4.89	4.96	5.91	6.77	4.59	3.31	3.29	- -
EV/Sales Low	0.06	- -	1.33	1.98	1.16	3.11	1.33	1.6	2.06	- -
EV/EBITDA Average	-4.99	-1.08	20.96	-1,673.48	-101.87	-75.72	-15.54	-16.84	-11.82	6.28
EV/EBITDA High	-4.99	-1.08	36.9	-2,540.51	-178.96	-120.64	-31.32	-23.2	-14.92	6.28
EV/EBITDA Low	-4.99	-1.08	10.04	-1,015.94	-34.99	-55.44	-9.1	-11.22	-9.33	6.28
EV/EBIT Average	-0.66	-1.96	31.14	-58.27	-35.63	-37.98	-10.77	-10.97	-8.43	2.58
EV/EBIT High	-0.66	-1.96	54.82	-88.45	-62.6	-60.52	-21.72	-15.1	-10.64	2.58
EV/EBIT Low	-0.66	-1.96	14.92	-35.37	-12.24	-27.81	-6.31	-7.3	-6.65	2.58
Last Price	- -	- -	17.78	20.28	32.65	23.95	10.14	13.5	10.49	37.51
High Price	- -	- -	43.63	26.77	36.67	46.45	25.98	15.91	14.75	39.99
Enterprise Value Average	6	-19	531	577	750	1,148	552	504	517	-62
Enterprise Value High	6	-19	935	876	1,318	1,829	1,112	694	653	-62
Enterprise Value Low	6	-19	255	350	258	840	323	336	408	-62

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	33	33	37	38	40	44	46	47	49	51
Diluted Weighted Avg Shares	29	29	30	37	38	42	44	46	48	- -
Basic Weighted Avg Shares	26	26	25	37	38	42	44	46	48	- -
Revenue per Share	3.92	5.37	7.7	4.76	5.81	6.41	5.45	4.56	4.15	- -
EBITDA per Share	-0.05	0.69	1.02	-0.01	-0.19	-0.36	-0.8	-0.65	-0.91	- -
Operating Income per Share	-0.36	0.38	0.69	-0.27	-0.55	-0.72	-1.15	-1	-1.28	- -
Basic EPS, GAAP	-0.55	- -	0.38	-0.35	-0.55	-0.7	-1.23	-0.9	-1.27	- -
Basic EPS from Cont Ops	-0.55	0.07	0.56	-0.35	-0.55	-0.7	-1.23	-0.9	-1.27	- -
Diluted EPS, GAAP	-0.49	- -	0.32	-0.35	-0.55	-0.7	-1.23	-0.9	-1.27	- -
Diluted EPS from Cont Ops	-0.49	0.06	0.47	-0.35	-0.55	-0.7	-1.23	-0.9	-1.27	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	0.23	0.13	0.14	-0.11	0.34	-0.18	-0.33	0.22	-0.05	- -
Free Cash Flow per Basic Share	0.07	-0.08	-0.34	-0.48	-0.29	-0.69	-0.82	0.1	-0.21	- -
Cash & Equivalents per Share	0.52	1.42	6.01	3.16	2.67	3.48	2.44	2.45	2.1	- -
Book Value per Share	-4.67	-4.59	-4.21	-3.16	-3.61	-3.99	-5.01	-5.74	-6.79	- -
Tangible Book Value per Share	1.04	2.25	8.6	5.3	5.19	6.72	5.73	5.22	4.24	- -

nLIGHT, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)