LightPath Technologies, Inc. (LPTH) vs LSI Industries Inc. (LYTS)

LightPath Technologies, Inc. and LSI Industries Inc. are both Electronic Components companies. LSI Industries Inc. is the larger, with a market value of $780.3M against $707.4M — 1.1× the size. LightPath Technologies, Inc. has negative trailing earnings, so its P/E is not meaningful; LSI Industries Inc. trades at 30.6×. LightPath Technologies, Inc. grew revenue faster over the last twelve months: 92.8% against 20.2%. LSI Industries Inc. has the higher net margin (3.28% vs −28.7%) and the higher return on invested capital (3.98% vs −21.6%). Across the 19 metrics below, LSI Industries Inc. leads on 14 and LightPath Technologies, Inc. on 5.

Valuation

Metric LPTH LYTS Electronic Components median
P/E n/m 30.57 39.06
P/S 7.43 1.01 3.22
P/B 3.56 1.92 3.30
Price to free cash flow n/m 17.71 26.65
EV/EBITDA n/m 17.01 19.69
EV/Sales 6.14 1.36 3.53
Earnings yield (4.01%) 3.27% 1.34%
Free cash flow yield (3.01%) 5.65% 0.40%

Profitability

Metric LPTH LYTS Electronic Components median
Gross margin 35.98% 25.15% 33.21%
Operating margin (27.40%) 5.57% 3.53%
Net margin (28.65%) 3.28% 2.57%
Free cash flow margin (22.33%) 5.68% 0.20%
Return on equity (24.89%) 7.64% 2.60%
Return on assets (14.91%) 3.68% 2.50%
Return on invested capital (21.61%) 3.98% 2.28%

Growth

Metric LPTH LYTS Electronic Components median
Revenue growth (TTM) 92.79% 20.23% 12.01%
EPS growth (last fiscal year) (5.56%) (15.19%) —
Revenue growth, 5-year CAGR 13.27% 16.91% 7.19%
Net income growth, 5-year CAGR 0.00% 30.93% 0.00%

Health

Metric LPTH LYTS Electronic Components median
Debt to equity 0.00 0.71 0.16
Current ratio 4.96 1.97 2.41
Net debt to EBITDA 6.38 4.40 0.32

Dividend

Metric LPTH LYTS Electronic Components median
Dividend yield — 1.45% 1.18%
Payout ratio 0.00 0.23 0.00

Size

Metric LPTH LYTS Electronic Components median
Market cap 707.36m 780.25m 780.25m

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