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 3,879 - -
Change - -63.54% 19.2% 132.22% 103.1% -27.08% - -
Enterprise Value (EV) 1 2,595 946.2 871.3 2,317 5,081 4,133 4,204 4,288
Change - -63.54% -7.92% 165.91% 119.29% -18.65% 1.71% 2%
P/E -10.7x -2.98x -4.74x -12.9x -31.8x -27.5x -46.5x 92.6x
PBR 2.63x 1.09x 1.6x 4.5x 10.1x 8.21x 7.89x 6.33x
PEG - -0.2x 0.2x 0.8x 1.5x 1.6x 1.1x -1x
Capitalization / Revenue 20.2x 3.69x 2.62x 4.97x 7.21x 3.19x 2.36x 1.82x
EV / Revenue 20.2x 3.69x 2.03x 4.4x 6.89x 3.39x 2.56x 2.01x
EV / EBITDA -14.1x -4.2x -5.05x -15.5x -43x -84.9x 183x 33.4x
EV / EBIT -11.3x -3.3x -3.79x -11.4x -31.6x -28.8x -50.2x 80.9x
EV / FCF -16.9x -5.47x -6.79x -111x -196x -40.1x 76.8x 19.4x
FCF Yield -5.93% -18.3% -14.7% -0.9% -0.51% -2.49% 1.3% 5.15%
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 51.25 51.25 51.25
Nbr of stocks (in thousands) 61,627 69,164 69,924 71,405 74,731 77,397 - -
Announcement Date 2/23/22 2/22/23 2/27/24 2/25/25 2/19/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.34x1.67x - 3.3% 87.74B
10.76x - - 1.31% 76.74B
7.63x - - 1.66% 66.03B
9.34x1.09x - 3.42% 45.02B
11.25x - - 2.56% 39.8B
11.51x0.78x - 2.97% 37.54B
9.38x2.37x - 0.2% 33.61B
15.71x2.01x - 2.23% 33.44B
8.73x - - 0.93% 32.95B
Average 11.18x 1.58x 2.06% 50.32B
Weighted average by Cap. 11.46x 1.57x 2.16%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA