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1. Company Snapshot

1.a. Company Description

Cepton, Inc.provides lidar-based solutions for automotive, smart cities, smart spaces, and smart industrial applications in the United States, Japan, and internationally.The company offers auto grade lidar sensors, including Vista-X, a compact lidar solution with a range of up to 200m for long-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications; Vista-T, a lidar solution with a range of up to 300m for ultra-long-range applications in ADAS L2+/L3 and AV L4/L5; and Nova, an ultra-small form factor lidar solution with a range of up to 30m for near-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications.


It also provides industrial grade lidar sensors, such as Vista-P, a compact lidar solution with a range of up to 200m for long-range applications in ADAS L2+/L3, AV L4/L5, and smart infrastructure applications; and Sora-P, an ultra-high scan rate, compact, and quasi line-scanning lidar solution that delivers high-fidelity profiling of objects moving at high speeds for free flow tolling and other industrial applications.The company was founded in 2016 and is headquartered in San Jose, California.

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1.b. Last Insights on CPTN

Cepton, Inc.'s recent performance was driven by potential acquisition activity, as majority stockholder Koito Manufacturing Co., LTD. plans to take the company private. The series of shareholder alerts initiated by Levi & Korsinsky, LLP in December 2024 and January 2025 suggest a potential investigation into the fairness of the acquisition agreement. This development may have sparked interest and speculation among investors, contributing to the company's recent activity.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Saxena White P.A. Files New Securities Class Action Lawsuit Against Cepton, Inc. and Related Parties, Expanding the Class Period and Claims Asserted

Dec -04

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CPTN DEADLINE: ROSEN, LEADING INVESTOR COUNSEL, Encourages Cepton, Inc. Investors With Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action - CPTN

Dec -04

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CPTN DEADLINE: ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Cepton, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - CPTN

Dec -03

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CPTN DEADLINE: ROSEN, A RANKED AND LEADING LAW FIRM, Encourages Cepton, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – CPTN

Dec -02

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Bragar Eagel & Squire, P.C. Urges Investors of Cepton, and MoonLake to Inquire About Their Rights Before Upcoming Deadlines

Dec -02

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CPTN INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Cepton, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Dec -02

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CPTN DEADLINE: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Cepton, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - CPTN

Dec -02

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DEADLINE NEXT WEEK: Berger Montague Advises Cepton, Inc. (NASDAQ: CPTN) Investors to Contact the Firm Before December 8, 2025

Dec -01

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (15.40%)

6. Segments

Lidar sensor and prototype

Expected Growth: 15.4%

Growing demand for autonomous vehicles and smart infrastructure drives the adoption of high-resolution, long-range lidar sensors like Cepton's, enabling accurate 3D point cloud creation and enhancing safety features.

Development

Expected Growth: 15.4%

Growing demand for autonomous vehicles, increasing adoption of lidar technology in industrial and mapping applications, and Cepton's innovative high-performance, low-power lidar solutions drive market growth.

7. Detailed Products

Vista-X120

High-resolution, long-range lidar sensor for surveying and mapping applications

Vista-X90

High-resolution, mid-range lidar sensor for industrial and robotics applications

Nova

Compact, high-resolution lidar sensor for automotive and mobility applications

Sora-X

High-resolution, long-range lidar sensor for aerial mapping and surveying applications

Helius

Smart lidar sensor for smart city and IoT applications

8. Cepton, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Cepton, Inc. operates in the lidar technology industry, which is a niche market with limited substitutes. However, the company faces competition from other lidar manufacturers, which could potentially substitute their products.

Bargaining Power Of Customers

Cepton, Inc.'s customers are primarily automotive OEMs and Tier 1 suppliers, who have limited bargaining power due to the specialized nature of lidar technology.

Bargaining Power Of Suppliers

Cepton, Inc. relies on a limited number of suppliers for its components, which gives them some bargaining power. However, the company's strong relationships with its suppliers mitigate this risk.

Threat Of New Entrants

The lidar technology industry is rapidly evolving, and new entrants with innovative technologies could potentially disrupt the market and pose a threat to Cepton, Inc.'s market share.

Intensity Of Rivalry

The lidar technology industry is highly competitive, with several established players and new entrants vying for market share. Cepton, Inc. faces intense competition from companies like Velodyne, Quanergy, and Ouster.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 14.90%
Debt Cost 4.32%
Equity Weight 85.10%
Equity Cost 4.32%
WACC 4.32%
Leverage 17.51%

11. Quality Control: Cepton, Inc. passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Cepton

A-Score: 4.8/10

Value: 8.4

Growth: 4.1

Quality: 5.2

Yield: 0.0

Momentum: 7.5

Volatility: 3.7

1-Year Total Return ->

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E2open

A-Score: 3.9/10

Value: 7.5

Growth: 3.2

Quality: 2.8

Yield: 0.0

Momentum: 6.0

Volatility: 3.7

1-Year Total Return ->

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Digital Turbine

A-Score: 3.4/10

Value: 6.0

Growth: 3.4

Quality: 1.6

Yield: 0.0

Momentum: 9.0

Volatility: 0.3

1-Year Total Return ->

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LivePerson

A-Score: 3.3/10

Value: 10.0

Growth: 2.3

Quality: 6.2

Yield: 0.0

Momentum: 0.5

Volatility: 0.7

1-Year Total Return ->

Stock-Card
Phunware

A-Score: 3.0/10

Value: 7.5

Growth: 4.3

Quality: 3.4

Yield: 0.0

Momentum: 1.5

Volatility: 1.3

1-Year Total Return ->

Stock-Card
Upland Software

A-Score: 3.0/10

Value: 7.6

Growth: 3.1

Quality: 2.2

Yield: 0.0

Momentum: 4.0

Volatility: 1.0

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

3.25$

Current Price

3.25$

Potential

-0.00%

Expected Cash-Flows