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Light Science Technologies Holdings PLC (LST) Fair Value & Analysis

Technology · GB · Market cap 15.7M GBX · ISIN GB00BNDQJN14

What is Light Science Technologies Holdings PLC really worth?

LS Light Science Technologies Holdings PLC LST · LSE
Price£0.0178
Fair Value£0.0164
Upside−7.6%
Quality42/100

Below-average quality, currently priced close to our fair value of £0.0164.

As of Aug 28, 2026, the fair value of Light Science Technologies Holdings PLC is £0.0164 per share against a price of £0.0178, so the fair value sits 8% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Low debt · generates free cash flow

Risks

!Mixed Growth (revenue 5y +4.5 %/yr)
!Loss-making · -11.3% net margin
!Trails peers (1/11)
!Narrow moat 12/100
!Evidence only low, so the estimate is less certain
Evidence: Low

Fair value as of: Aug 28, 2026

From 6 valuation models · updated 9 days ago

Fair value updated Aug 28, 2026, revised from £0.0150 to £0.0164 (+9.0%) since Aug 13, 2026. Share price −1.4% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (5 years)

£0.3000 £0.0100 Fair Value £0.0164 Oct 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 28, 2026.

How to read this chart

59‑month range £0.0100 – £0.3000 · the £0.0178 price screens above the £0.0164 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 28, 2026.

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Analysis

Light Science Technologies Holdings PLC (LST) currently trades at £0.0178, while our model-based Fair Value estimate is £0.0164, implying the stock looks roughly 8.2% fairly valued today. The Quality Score stands at 42/100 (below-average quality), in the Technology sector. Bull case: the Growth DCF group reads highest at a median of £0.0100 per share, and 0 of the 4 models we run sit above the £0.0178 price. Bear case: the DCF Models group reads lowest at £0.0100, and 4 of the 4 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Light Science Technologies Holdings PLC generated revenue of £8.6M at a net margin of −11.3%. Revenue declined 47.7% year over year. It earns a return on equity of −47.8%. Fundamentals as of Aug 28, 2026

For context, the median of 10 Technology peers we cover trades at −62% fair-value upside, at −8%, LST screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF best evidence £0.0100 77
Growth DCF £0.0100 75
5Y Revenue Exit £0.0100 £0.0100 71
All 6 models by family
DCF Models
FCF DCF best evidence £0.0100 77
5Y Revenue Exit £0.0100 £0.0100 71
10Y Revenue Exit £0.0100 £0.0100 65
Multiples
EV/Revenue £0.0100 £0.0100 51
Growth DCF
Growth DCF £0.0100 75
Rev-Margin DCF £0.0100 £0.0100 71

Widest divergence: DCF Models (£0.0100) versus DCF Models (£0.0100). Highest evidence: FCF DCF (77).

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Key figures & financial health

P/S ratio 1.82 TTM
Net margin −11.3% FY2025
Return on equity −47.8% TTM
Return on assets (EBIT) −15.4% avg 5y
Operating margin −17.8% TTM
Revenue (TTM) £8.6M TTM
More key figures
Growth
Revenue growth (YoY) −47.7% 3y avg +1.9%
Balance sheet & cash flow
Free cash flow 399K GBX FY2025
Net debt 948K GBX FY2025 · ≈ 2.4 yrs of FCF

Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 43 · Market factors (momentum, volatility) 22

Profitability 37
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 45
Earnings quality: real cash, not paper profit
Fin. Strength 35
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 40
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Light Science Technologies Holdings Plc engages in the development and manufacture of electronic boards in the United Kingdom, Europe, and internationally. It operates through three segments: Contract Electronics Manufacture; AgTech; and Passive Fire Protection.

Full company description

Light Science Technologies Holdings Plc engages in the development and manufacture of electronic boards in the United Kingdom, Europe, and internationally. It operates through three segments: Contract Electronics Manufacture; AgTech; and Passive Fire Protection. The company also develops, manufactures, and installs lighting, technology, and other products for AgTech sector; and installation of retrospective cavity barriers in wall and floor constructions. In addition, it designs, procures, and manufactures printed circuit boards that are used in various sectors, including audio, automotive, electronics, gas detection, lighting, pest control, sports entertainment, and AgTech market. The company was incorporated in 2020 and is headquartered in Ashbourne, the United Kingdom.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Light Science Technologies Holdings PLC reported revenue of £8.6M in FY2025 versus £7.4M in FY2021, a compound +3.9%/yr. Reported net income was −£979K in FY2025.

Growth Quality 34/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
£8.6M
Latest YoY
−28.3%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+1.9%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.5%
Avg. revenue growth/yr (7Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.2%
EBIT margin (trend) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
3.7% (2020) → −6.9% (2025)
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +3.9%/yr
FY21 £7.4M
FY22 £8.2M
FY23 £9.3M
FY24 £12.0M
FY25 £8.6M
Net income
FY21 −£2.2M
FY22 −£2.5M
FY23 −£953K
FY24 −£46.7K
FY25 −£979K

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Cite: Fair Value Calculator (2026). "Light Science Technologies Holdings PLC Fair Value". https://www.fairvalue-calculator.com/stock/LST.LSE

Peer Group

Electronic Components · 638 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 42 · Bottom 25%
Fair Value upside +13% · Top 25%
Return on assets −5% · Bottom 25%
Net margin (TTM) −11% · Bottom 25%
Operating margin (TTM) −18% · Bottom 25%
Revenue growth −48% · Bottom 25%
Debt / equity 0.37× · Higher than 75% of peers

Valuation Multiples vs Electronic Components median · lower = cheaper

P/B 18.64× · Pricier than 75% of peers
P/S (TTM) 2.47× · Pricier than median
P/FCF 53.3× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE50 · sector 0
FUTURE0 · sector 40
PAST0 · sector 25
HEALTH81 · sector 95
DIVIDEND0 · sector 24

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Electronic Components stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).

Stock Price Fair Value vs Fair Value
Amphenol Corporation APH $157.74 $97.19 −38%
Corning Incorporated GLW CHF 134.64 CHF 35.18 −74%
Delta Electronics, Inc 2308 1,750 TWD 602.37 TWD −66%
Luxshare Precision Industry Co 002475 ¥56.06 ¥38.44 −31%
Samsung Electro-Mechanics Co 009150 1,503,000 KRW 172,954 KRW −88%
Suzhou Dongshan Precision Manufacturing Co 002384 ¥202.11 ¥21.19 −90%
TE Connectivity plc TEL $202.66 $144.42 −29%
Shengyi Technology Co 600183 ¥132.80 ¥36.30 −73%
Flex Ltd FLEX $124.53 $48.10 −61%
Celestica Inc CLS $298.70 $113.54 −62%

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Frequently asked questions

Is Light Science Technologies Holdings PLC (LST) overvalued or undervalued?
As of Aug 28, 2026, our model estimates a fair value of £0.0164 versus a price of £0.0178, about −8% upside (fairly valued).
What is the fair value of LST?
Our model-based fair value for Light Science Technologies Holdings PLC is £0.0164 (as of Aug 28, 2026), built from audited fundamentals. The current price: £0.0178.
What is the quality score of LST?
Light Science Technologies Holdings PLC has a Quality Score of 42/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Light Science Technologies Holdings PLC (LST)?
Our model-based price target is the fair value of £0.0164 (as of Aug 28, 2026) from 6 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Light Science Technologies Holdings PLC stock forecast for 2026?
Our models put fair value at £0.0164, about −8% upside versus a price of £0.0178 (fairly valued). The calculation is refreshed regularly with new filings.
What is the revenue of Light Science Technologies Holdings PLC (LST)?
Light Science Technologies Holdings PLC reported trailing-twelve-month revenue of about £8.6M (latest available figure, as of Aug 28, 2026).
What is the net profit margin of LST?
The net profit margin of Light Science Technologies Holdings PLC is about −11.3%, meaning it is currently running at a net loss. Based on the latest reported figures.
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