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 5,425 - -
Change - -63.54% 19.2% 132.22% 103.1% 1.99% - -
Enterprise Value (EV) 1 2,595 946.2 871.3 2,317 5,081 5,700 5,776 5,900
Change - -63.54% -7.92% 165.91% 119.29% 12.18% 1.33% 2.16%
P/E -10.7x -2.98x -4.74x -12.9x -31.8x -40.9x -85.8x 113x
PBR 2.63x 1.09x 1.6x 4.5x 10.1x 11.3x 11.6x 8.71x
PEG - -0.2x 0.2x 0.8x 1.5x 1.8x 1.6x -1x
Capitalization / Revenue 20.2x 3.69x 2.62x 4.97x 7.21x 4.49x 3.35x 2.55x
EV / Revenue 20.2x 3.69x 2.03x 4.4x 6.89x 4.72x 3.57x 2.77x
EV / EBITDA -14.1x -4.2x -5.05x -15.5x -43x -128x 179x 38.6x
EV / EBIT -11.3x -3.3x -3.79x -11.4x -31.6x -41.2x -75x 100x
EV / FCF -16.9x -5.47x -6.79x -111x -196x 74.1x 52.5x 25.5x
FCF Yield -5.93% -18.3% -14.7% -0.9% -0.51% 1.35% 1.91% 3.92%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -3.94 -4.59 -3.4 -2.85 -2.24 -1.728 -0.8227 0.625
Distribution rate - - - - - - - -
Net sales 1 128.4 256.7 429.8 526.5 737.9 1,207 1,619 2,129
EBITDA 1 -184.2 -225.1 -172.6 -149.7 -118.1 -44.7 32.28 152.9
EBIT 1 -230.1 -286.6 -229.8 -203.9 -160.9 -138.5 -77 59
Net income 1 -241.3 -297.8 -236.9 -202.2 -165.5 -131.7 -64.3 51.97
Net Debt 1 - - -256.6 -302.3 -238.7 274.6 350.6 475.4
Reference price 2 42.11 13.68 16.13 36.68 71.18 70.62 70.62 70.62
Nbr of stocks (in thousands) 61,627 69,164 69,924 71,405 74,731 76,821 - -
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.($)
13.9x1.68x - 3.23% 8.68TCr
12.05x - - 1.4% 7.26TCr
9.28x - - 1.69% 6.6TCr
11.18x - - 2.45% 4.24TCr
9.47x0.98x - 3.87% 3.96TCr
8.49x - - 0.92% 3.85TCr
18.26x2.23x - 1.99% 3.69TCr
10.99x0.81x - 2.62% 3.55TCr
10.24x2.44x - 0.19% 3.59TCr
Average 11.54x 1.63x 2.04% 5.05TCr
Weighted average by Cap. 11.67x 1.64x 2.11%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA