Company Valuation: Lemonade, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,595 946.2 1,128 2,619 5,319 4,263 - -
Change - -63.54% 19.2% 132.22% 103.1% -19.86% - -
Enterprise Value (EV) 1 2,595 946.2 871.3 2,317 5,081 4,517 4,588 4,672
Change - -63.54% -7.92% 165.91% 119.29% -11.1% 1.57% 1.84%
P/E -10.7x -2.98x -4.74x -12.9x -31.8x -29.5x -50x 99.5x
PBR 2.63x 1.09x 1.6x 4.5x 10.1x 8.83x 8.48x 6.8x
PEG - -0.2x 0.2x 0.8x 1.5x 1.8x 1.2x -1x
Capitalization / Revenue 20.2x 3.69x 2.62x 4.97x 7.21x 3.5x 2.6x 2x
EV / Revenue 20.2x 3.69x 2.03x 4.4x 6.89x 3.71x 2.79x 2.19x
EV / EBITDA -14.1x -4.2x -5.05x -15.5x -43x -92.8x 200x 36.4x
EV / EBIT -11.3x -3.3x -3.79x -11.4x -31.6x -31.5x -54.7x 88.1x
EV / FCF -16.9x -5.47x -6.79x -111x -196x -43.8x 83.8x 21.1x
FCF Yield -5.93% -18.3% -14.7% -0.9% -0.51% -2.28% 1.19% 4.73%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -3.94 -4.59 -3.4 -2.85 -2.24 -1.865 -1.102 0.5533
Distribution rate - - - - - - - -
Net sales 1 128.4 256.7 429.8 526.5 737.9 1,217 1,642 2,136
EBITDA 1 -184.2 -225.1 -172.6 -149.7 -118.1 -48.69 22.92 128.4
EBIT 1 -230.1 -286.6 -229.8 -203.9 -160.9 -143.3 -83.8 53
Net income 1 -241.3 -297.8 -236.9 -202.2 -165.5 -144.8 -88.1 38.31
Net Debt 1 - - -256.6 -302.3 -238.7 253.9 324.7 408.9
Reference price 2 42.11 13.68 16.13 36.68 71.18 55.08 55.08 55.08
Nbr of stocks (in thousands) 61,627 69,164 69,924 71,405 74,731 77,397 - -
Announcement Date 23/02/22 22/02/23 27/02/24 25/02/25 19/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-29.53x3.71x-92.77x - 426.3Cr
15.87x1.8x - 3.02% 9.72TCr
10.95x - - 1.29% 7.81TCr
7.02x - - 1.65% 6.65TCr
11.43x1.16x - 3.27% 4.83TCr
11.36x - - 2.53% 4.02TCr
11.55x0.8x - 2.93% 3.93TCr
16.03x2.04x - 2.19% 3.44TCr
9.47x2.39x - 0.17% 3.39TCr
8.88x - - 0.92% 3.35TCr
Average 7.30x 1.98x -92.77x 2% 4.76TCr
Weighted average by Cap. 11.29x 1.67x -92.77x 2.1%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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