Lumine Group Inc.

TSXV:LMN Stock Report

Market Cap: CA$5.6b

Lumine Group Valuation

Is LMN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of LMN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: LMN (CA$22.1) is trading below our estimate of future cash flow value (CA$48.69)

Significantly Below Future Cash Flow Value: LMN is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LMN?

Key metric: As LMN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for LMN. This is calculated by dividing LMN's market cap by their current earnings.
What is LMN's PE Ratio?
PE Ratio37.1x
EarningsUS$108.88m
Market CapUS$4.08b

Price to Earnings Ratio vs Peers

How does LMN's PE Ratio compare to its peers?

The above table shows the PE ratio for LMN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average57.2x
KXS Kinaxis
37.3x9.40%CA$4.5b
TOI Topicus.com
138x91.41%CA$7.9b
DSG Descartes Systems Group
35.7x15.25%CA$8.9b
DCBO Docebo
17.6x17.46%CA$807.7m
LMN Lumine Group
37.1x19.54%CA$5.6b

Price-To-Earnings vs Peers: LMN is good value based on its Price-To-Earnings Ratio (37.1x) compared to the peer average (57.1x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does LMN's PE Ratio compare vs other companies in the CA Software Industry?

8 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GRDI Griid Infrastructure
3.3xn/aUS$70.78m
NCI NTG Clarity Networks
4x1.57%US$15.65m
IDLE.X Generative AI Solutions
0.08xn/aUS$8.15m
LIQD Liquid Meta Capital Holdings
2.4xn/aUS$2.74m
LMN 37.1xIndustry Avg. 31.4xNo. of Companies8PE020406080100+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: LMN is expensive based on its Price-To-Earnings Ratio (37.1x) compared to the North American Software industry average (31.4x).

Price to Earnings Ratio vs Fair Ratio

What is LMN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LMN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio37.1x
Fair PE Ratio27.8x

Price-To-Earnings vs Fair Ratio: LMN is expensive based on its Price-To-Earnings Ratio (37.1x) compared to the estimated Fair Price-To-Earnings Ratio (27.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst LMN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$22.10
CA$41.75
+88.91%
15.37%CA$52.00CA$35.00n/a4
Sep ’27CA$24.39
CA$41.75
+71.18%
15.37%CA$52.00CA$35.00n/a4
Aug ’27CA$24.24
CA$40.50
+67.08%
16.79%CA$52.00CA$35.00n/a4
Jul ’27CA$21.50
CA$40.50
+88.37%
16.79%CA$52.00CA$35.00n/a4
Jun ’27CA$22.75
CA$40.50
+78.02%
16.79%CA$52.00CA$35.00n/a4
May ’27CA$20.64
CA$44.25
+114.39%
16.86%CA$57.00CA$39.00n/a4
Apr ’27CA$22.37
CA$44.25
+97.81%
16.86%CA$57.00CA$39.00n/a4
Mar ’27CA$21.23
CA$46.75
+120.21%
17.60%CA$57.00CA$36.00n/a4
Feb ’27CA$22.43
CA$49.75
+121.80%
11.04%CA$57.00CA$42.00n/a4
Jan ’27CA$27.14
CA$51.75
+90.68%
6.46%CA$57.00CA$48.00n/a4
Dec ’26CA$29.00
CA$51.75
+78.45%
6.46%CA$57.00CA$48.00n/a4
Nov ’26CA$33.50
CA$57.50
+71.64%
6.33%CA$62.00CA$52.00n/a4
Oct ’26CA$42.05
CA$59.33
+41.10%
3.46%CA$62.00CA$57.00n/a3
Sep ’26CA$48.38
CA$59.33
+22.64%
3.46%CA$62.00CA$57.00CA$24.393
Aug ’26CA$52.11
CA$52.67
+1.07%
3.90%CA$55.00CA$50.00CA$24.243
Jul ’26CA$47.83
CA$52.67
+10.11%
3.90%CA$55.00CA$50.00CA$21.503
Jun ’26CA$46.46
CA$52.67
+13.36%
3.90%CA$55.00CA$50.00CA$22.753
May ’26CA$45.09
CA$49.67
+10.15%
7.41%CA$54.00CA$45.00CA$20.643
Apr ’26CA$42.11
CA$47.33
+12.40%
4.34%CA$50.00CA$45.00CA$22.373
Feb ’26CA$38.55
CA$41.50
+7.65%
1.20%CA$42.00CA$41.00CA$22.432
Jan ’26CA$41.14
CA$41.50
+0.88%
1.20%CA$42.00CA$41.00CA$27.142
Dec ’25CA$42.50
CA$41.50
-2.35%
1.20%CA$42.00CA$41.00CA$29.002
Nov ’25CA$34.17
CA$38.50
+12.67%
9.09%CA$42.00CA$35.00CA$33.502
Oct ’25CA$32.36
CA$38.50
+18.97%
9.09%CA$42.00CA$35.00CA$42.052
Sep ’25CA$32.50
CA$38.50
+18.46%
9.09%CA$42.00CA$35.00CA$48.382
CA$41.75
Fair Value
47.1% undervalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/09 21:44
End of Day Share Price 2026/09/09 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Lumine Group Inc. is covered by 3 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jerome DubreuilDesjardins Securities Inc.
Paul TreiberRBC Capital Markets
David KwanTD Cowen