HLIT Valuation

Harmonic Inc

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10.290

+0.08(0.784%)1D

Overview
Forecast
Valuation
Earnings

HLIT Relative Valuation

HLIT's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, HLIT is overvalued; if below, it's undervalued.

Historical Valuation

Harmonic Inc (HLIT) is now in the Fair zone, suggesting that its current forward PE ratio of 21.44 is considered Fairly compared with the five-year average of 22.76. The fair price of Harmonic Inc (HLIT) is between 10.12 to 16.56 according to relative valuation methord.

Relative Value

Fair Zone

10.12-16.56

Current Price：10.29

Fair

21.44

Trailing

Forward

15.35

EV/EBITDA

Harmonic Inc. (HLIT) has a current EV/EBITDA of 15.35. The 5-year average EV/EBITDA is 14.63. The thresholds are as follows: Strongly Undervalued below 7.58, Undervalued between 7.58 and 11.11, Fairly Valued between 18.15 and 11.11, Overvalued between 18.15 and 21.68, and Strongly Overvalued above 21.68. The current Forward EV/EBITDA of 15.35 falls within the Historic Trend Line -Fairly Valued range.

15.72

EV/EBIT

Harmonic Inc. (HLIT) has a current EV/EBIT of 15.72. The 5-year average EV/EBIT is 17.00. The thresholds are as follows: Strongly Undervalued below 5.26, Undervalued between 5.26 and 11.13, Fairly Valued between 22.88 and 11.13, Overvalued between 22.88 and 28.75, and Strongly Overvalued above 28.75. The current Forward EV/EBIT of 15.72 falls within the Historic Trend Line -Fairly Valued range.

2.03

Harmonic Inc. (HLIT) has a current PS of 2.03. The 5-year average PS is 1.86. The thresholds are as follows: Strongly Undervalued below 1.20, Undervalued between 1.20 and 1.53, Fairly Valued between 2.19 and 1.53, Overvalued between 2.19 and 2.52, and Strongly Overvalued above 2.52. The current Forward PS of 2.03 falls within the Historic Trend Line -Fairly Valued range.

12.24

P/OCF

Harmonic Inc. (HLIT) has a current P/OCF of 12.24. The 5-year average P/OCF is 97.21. The thresholds are as follows: Strongly Undervalued below -473.04, Undervalued between -473.04 and -187.92, Fairly Valued between 382.33 and -187.92, Overvalued between 382.33 and 667.46, and Strongly Overvalued above 667.46. The current Forward P/OCF of 12.24 falls within the Historic Trend Line -Fairly Valued range.

14.29

P/FCF

Harmonic Inc. (HLIT) has a current P/FCF of 14.29. The 5-year average P/FCF is 106.57. The thresholds are as follows: Strongly Undervalued below -568.44, Undervalued between -568.44 and -230.93, Fairly Valued between 444.07 and -230.93, Overvalued between 444.07 and 781.58, and Strongly Overvalued above 781.58. The current Forward P/FCF of 14.29 falls within the Historic Trend Line -Fairly Valued range.

Harmonic Inc (HLIT) has a current Price-to-Book (P/B) ratio of 2.61. Compared to its 3-year average P/B ratio of 3.67 , the current P/B ratio is approximately -28.87% higher. Relative to its 5-year average P/B ratio of 3.52, the current P/B ratio is about -25.74% higher. Harmonic Inc (HLIT) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of 2.15%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of 2.14% , the current FCF yield is about -100.00% lower.

2.61

P/B

Median3y

3.67

Median5y

3.52

10.17

FCF Yield

Median3y

2.15

Median5y

2.14

Competitors Valuation Multiple

The average P/S ratio for HLIT's competitors is , providing a benchmark for relative valuation. Harmonic Inc Corp (HLIT) exhibits a P/S ratio of , which is NaN% above the industry average. Given its robust revenue growth of -0.51%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Digi International Inc

Gilat Satellite Networks Ltd

Arlo Technologies Inc

Loss

1.54%

1.94B

Performance Decomposition

Market capitalization of HLIT decreased by 29.38% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 9.16 to 17.78.

The secondary factor is the Revenue Growth, contributed -0.51%to the performance.

Overall, the performance of HLIT in the past 1 year is driven by P/E Change. Which is more unsustainable.

-0.51%

138.74M → 138.03M

Revenue Growth

-123.03%

-9.03 → 2.08

Margin Expansion

94.16%

9.16 → 17.78

P/E Change

-29.38%