AST SpaceMobile, Inc. (ASTS) vs Lumentum Holdings Inc. (LITE)

AST SpaceMobile, Inc. and Lumentum Holdings Inc. are both Communication Equipment companies. Lumentum Holdings Inc. is the larger, with a market value of $84.7B against $24.3B — 3.5× the size. AST SpaceMobile, Inc. grew revenue faster over the last twelve months: 2,256.9% against 83.2%. Lumentum Holdings Inc. has the higher net margin (−230.1% vs −536.7%) and the higher return on invested capital (9.26% vs −12.2%). Across the 18 metrics below, Lumentum Holdings Inc. leads on 10 and AST SpaceMobile, Inc. on 8.

Valuation

Metric ASTS LITE Communication Equipment median
P/E n/m n/m 33.61
P/S 160.32 23.31 2.16
P/B 7.71 15.13 2.40
Price to free cash flow n/m 205.10 25.02
EV/EBITDA n/m 86.91 13.78
EV/Sales 166.20 22.94 2.27
Earnings yield (3.46%) (8.66%) (0.65%)
Free cash flow yield (9.39%) 0.49% 1.61%

Profitability

Metric ASTS LITE Communication Equipment median
Gross margin 38.91% 41.67% 39.47%
Operating margin (519.47%) 17.41% 2.39%
Net margin (536.66%) (230.10%) (0.74%)
Free cash flow margin (1,506.12%) 11.36% 1.39%
Return on equity (34.81%) (240.03%) (1.91%)
Return on assets (16.00%) (120.34%) (0.20%)
Return on invested capital (12.17%) 9.26% 0.72%

Growth

Metric ASTS LITE Communication Equipment median
Revenue growth (TTM) 2,256.89% 83.22% 11.48%
EPS growth (last fiscal year) 30.93% (25,224.32%) —
Revenue growth, 5-year CAGR 41.72% 11.58% 4.92%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ASTS LITE Communication Equipment median
Debt to equity 1.24 0.35 0.06
Current ratio 13.05 1.68 2.01
Net debt to EBITDA 0.51 (1.38) 0.67

Dividend

Metric ASTS LITE Communication Equipment median
Dividend yield — — 2.63%
Payout ratio 0.00 0.00 0.00

Size

Metric ASTS LITE Communication Equipment median
Market cap 24.25b 84.66b 563.45m

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