Financials Lemonade, Inc.

Equities

LMND

US52567D1072

Property & Casualty Insurance

Market Closed - Nyse 21:00:02 21/05/2024 BST 5-day change 1st Jan Change
17.03 USD -2.74% Intraday chart for Lemonade, Inc. -9.99% +5.58%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,932 2,595 946.2 1,128 1,201 - -
Enterprise Value (EV) 1 6,361 2,595 946.2 1,128 1,229 1,229 1,229
P/E ratio -33.7 x -10.7 x -2.98 x -4.74 x -5.7 x -7.07 x -10.1 x
Yield - - - - - - -
Capitalization / Revenue 73.4 x 20.2 x 3.69 x 2.62 x 2.33 x 1.8 x 1.39 x
EV / Revenue 67.4 x 20.2 x 3.69 x 2.62 x 2.38 x 1.84 x 1.43 x
EV / EBITDA -65 x -14.1 x -4.2 x -6.53 x -8.07 x -12.2 x -24.8 x
EV / FCF - -16.9 x -5.47 x - -10.5 x -29.6 x 21.6 x
FCF Yield - -5.93% -18.3% - -9.48% -3.38% 4.64%
Price to Book 12.9 x 2.63 x 1.09 x - 2.14 x 3.28 x 3.07 x
Nbr of stocks (in thousands) 56,591 61,627 69,164 69,924 70,502 - -
Reference price 2 122.5 42.11 13.68 16.13 17.03 17.03 17.03
Announcement Date 01/03/21 23/02/22 22/02/23 27/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 67.3 94.4 128.4 256.7 429.8 516 667 861.8
EBITDA 1 - -97.9 -184.2 -225.1 -172.6 -152.4 -100.8 -49.6
EBIT 1 - -120.8 -230.1 -286.6 -229.8 -208.7 -164.7 -
Operating Margin - -127.97% -179.21% -111.65% -53.47% -40.44% -24.69% -
Earnings before Tax (EBT) 1 - -120.8 -233.6 -294.8 -229.8 -202.8 -172.3 -112.8
Net income 1 - -122.3 -241.3 -297.8 -236.9 -208.6 -170.7 -113.9
Net margin - -129.56% -187.93% -116.01% -55.12% -40.42% -25.6% -13.21%
EPS 2 -9.750 -3.630 -3.940 -4.590 -3.400 -2.987 -2.410 -1.688
Free Cash Flow 1 - - -154 -173.1 - -116.5 -41.5 57
FCF margin - - -119.94% -67.43% - -22.58% -6.22% 6.61%
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share - - - - - - - -
Announcement Date 17/04/20 01/03/21 23/02/22 22/02/23 27/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 41 44.3 50 74 88.4 95.2 104.6 114.5 115.5 119.1 121.4 135.2 139.9 153.6 155.8
EBITDA 1 -51.2 -57.4 -50.3 -65.7 -51.7 -50.8 -52.7 -40.2 -28.9 -33.9 -47.25 -44.47 -26.93 -35 -38.2
EBIT 1 -64.9 -72.1 -64.5 -81.4 -68.6 -64.7 -65.9 -59.6 -39.6 -45.2 -61 -57.83 -44.3 - -
Operating Margin -158.29% -162.75% -129% -110% -77.6% -67.96% -63% -52.05% -34.29% -37.95% -50.25% -42.76% -31.67% - -
Earnings before Tax (EBT) 1 -68.4 -72.6 -65 -89.1 -68.1 -64.7 -65.9 -59.6 -39.6 -45.2 -60.12 -57.7 -42.08 -47.8 -52.1
Net income 1 -70.3 -74.8 -67.9 -91.4 -63.7 -65.8 -67.2 -61.5 -42.4 -47.3 -61.75 -58.92 -42.43 -50 -54.5
Net margin -171.46% -168.85% -135.8% -123.51% -72.06% -69.12% -64.24% -53.71% -36.71% -39.71% -50.87% -43.56% -30.34% -32.55% -34.98%
EPS 2 -1.140 -1.210 -1.100 -1.370 -0.9300 -0.9500 -0.9700 -0.8800 -0.6100 -0.6700 -0.8729 -0.8114 -0.5900 -0.6967 -0.6600
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 23/02/22 09/05/22 08/08/22 08/11/22 22/02/23 03/05/23 02/08/23 01/11/23 27/02/24 30/04/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - 28.3 28.3 28.3
Net Cash position 1 - 571 - - - - - -
Leverage (Debt/EBITDA) - - - - - -0.1857 x -0.2807 x -0.5706 x
Free Cash Flow 1 - - -154 -173 - -117 -41.5 57
ROE (net income / shareholders' equity) - -68.2% -31.6% -32.1% - -32% -34.6% -27.3%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 - 9.530 16.00 12.50 - 7.950 5.190 5.550
Cash Flow per Share - -2.720 -2.360 -2.510 - - - -
Capex 1 - 4.4 9.4 10.1 - 11 - -
Capex / Sales - 4.66% 7.32% 3.93% - 2.13% - -
Announcement Date 17/04/20 01/03/21 23/02/22 22/02/23 27/02/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
8
Last Close Price
17.03 USD
Average target price
19.29 USD
Spread / Average Target
+13.25%
Consensus
  1. Stock Market
  2. Equities
  3. LMND Stock
  4. Financials Lemonade, Inc.