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LSPD

Lightspeed CommerceTSX:LSPD Stock Report

Market Cap

CA$10.1b

7D

-4.5%

1Y

-5.0%

Updated

01 Dec, 2021

Data

Company Financials +
LSPD fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance0/6
Financial Health5/6
Dividends0/6

LSPD Stock Overview

Lightspeed Commerce Inc. provides commerce enabling Software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Germany, Australia, and internationally.

Lightspeed Commerce Competitors

Shopify

NYSE:SHOP

US$198.0b

Square

NYSE:SQ

US$97.8b

Adyen

ENXTAM:ADYEN

€75.1b

Veeva Systems

NYSE:VEEV

US$44.4b

Price History & Performance

Summary of all time highs, changes and price drops for Lightspeed Commerce
Historical stock prices
Current Share PriceCA$64.62
52 Week HighCA$165.87
52 Week LowCA$63.77
Beta2.97
1 Month Change-46.43%
3 Month Change-55.54%
1 Year Change-4.97%
3 Year Changen/a
5 Year Changen/a
Change since IPO241.91%

Recent News & Updates

Shareholder Returns

LSPDCA SoftwareCA Market
7D-4.5%-1.4%-1.3%
1Y-5.0%37.1%23.7%

Return vs Industry: LSPD underperformed the Canadian Software industry which returned 37.1% over the past year.

Return vs Market: LSPD underperformed the Canadian Market which returned 23.7% over the past year.

Price Volatility

Is LSPD's price volatile compared to industry and market?
LSPD volatility
LSPD Average Weekly Movement11.4%
Software Industry Average Movement11.5%
Market Average Movement9.4%
10% most volatile stocks in CA Market17.1%
10% least volatile stocks in CA Market3.5%

Stable Share Price: LSPD is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: LSPD's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20051,800Dax Dasilvahttps://www.lightspeedhq.com

Lightspeed Commerce Inc. provides commerce enabling Software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Germany, Australia, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc. The company’s cloud platforms are designed interrelated elements, such as omni-channel consumer experience, a comprehensive back-office operations management suite to improve customers’ efficiency and insight, and the facilitation of payments. Its platform functionalities include full omni-channel capabilities, order-ahead and curbside pickup, point of sale, product and menu management, employee and inventory management, analytics and reporting, multi-location connectivity, loyalty, customer management, and tailored financial solutions.

Lightspeed Commerce Fundamentals Summary

How do Lightspeed Commerce's earnings and revenue compare to its market cap?
LSPD fundamental statistics
Market CapUS$7.89b
Earnings (TTM)-US$193.12m
Revenue (TTM)US$389.14m

19.2x

P/S Ratio

-38.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LSPD income statement (TTM)
RevenueUS$389.14m
Cost of RevenueUS$189.65m
Gross ProfitUS$199.50m
ExpensesUS$392.62m
Earnings-US$193.12m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-1.30
Gross Margin51.27%
Net Profit Margin-49.63%
Debt/Equity Ratio1.0%

How did LSPD perform over the long term?

See historical performance and comparison

Valuation

Is Lightspeed Commerce undervalued compared to its fair value and its price relative to the market?

2.47x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate LSPD's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate LSPD's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: LSPD is unprofitable, so we can't compare its PE Ratio to the Canadian Software industry average.

PE vs Market: LSPD is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate LSPD's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: LSPD is good value based on its PB Ratio (2.6x) compared to the CA Software industry average (5.4x).


Future Growth

How is Lightspeed Commerce forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

23.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LSPD is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: LSPD is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: LSPD is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: LSPD's revenue (27.5% per year) is forecast to grow faster than the Canadian market (5.6% per year).

High Growth Revenue: LSPD's revenue (27.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LSPD is forecast to be unprofitable in 3 years.


Past Performance

How has Lightspeed Commerce performed over the past 5 years?

-8.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LSPD is currently unprofitable.

Growing Profit Margin: LSPD is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: LSPD is unprofitable, and losses have increased over the past 5 years at a rate of 8.5% per year.

Accelerating Growth: Unable to compare LSPD's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: LSPD is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (35.4%).


Return on Equity

High ROE: LSPD has a negative Return on Equity (-6.37%), as it is currently unprofitable.


Financial Health

How is Lightspeed Commerce's financial position?


Financial Position Analysis

Short Term Liabilities: LSPD's short term assets ($1.2B) exceed its short term liabilities ($144.5M).

Long Term Liabilities: LSPD's short term assets ($1.2B) exceed its long term liabilities ($66.4M).


Debt to Equity History and Analysis

Debt Level: LSPD has more cash than its total debt.

Reducing Debt: Insufficient data to determine if LSPD's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: LSPD has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: LSPD has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 43.5% each year


Dividend

What is Lightspeed Commerce current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate LSPD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate LSPD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if LSPD's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if LSPD's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of LSPD's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Dax Dasilva (45 yo)

16.83yrs

Tenure

US$996,926

Compensation

Mr. Dax Dasilva Founded Lightspeed Commerce Inc. (formerly known as Lightspeed POS Inc.) (formerly known as LightSpeed Retail Inc.) in 2005 and serves as its Chief Executive Officer and Director since 2005...


CEO Compensation Analysis

Compensation vs Market: Dax's total compensation ($USD996.93K) is below average for companies of similar size in the Canadian market ($USD3.51M).

Compensation vs Earnings: Dax's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: LSPD's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: LSPD's board of directors are considered experienced (3.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: LSPD insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 32.4%.


Top Shareholders

Company Information

Lightspeed Commerce Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Lightspeed Commerce Inc.
  • Ticker: LSPD
  • Exchange: TSX
  • Founded: 2005
  • Industry: Application Software
  • Sector: Software
  • Market Cap: CA$10.096b
  • Shares outstanding: 148.12m
  • Website: https://www.lightspeedhq.com

Number of Employees


Location

  • Lightspeed Commerce Inc.
  • Gare Viger
  • 700 Saint-Antoine Street East
  • Montreal
  • Quebec
  • H2Y 1A6
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/01 00:09
End of Day Share Price2021/11/30 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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 here.