Lightspeed Commerce Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: LSPD (CA$21.86) is trading below our estimate of fair value (CA$104.82)

Significantly Below Fair Value: LSPD is trading below fair value by more than 20%.


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

LSPD key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.8x
Enterprise Value/EBITDA-19.5x
PEG Ration/a

Price to Sales Ratio vs Peers

How does LSPD's PS Ratio compare to its peers?

The above table shows the PS ratio for LSPD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5.8x
KXS Kinaxis
7.2x14.7%CA$4.5b
DCBO Docebo
6.5x14.7%CA$1.8b
ENGH Enghouse Systems
3.6x8.3%CA$1.8b
TOI Topicus.com
5.9x17.9%CA$10.7b
LSPD Lightspeed Commerce
2.5x16.3%CA$3.3b

Price-To-Sales vs Peers: LSPD is good value based on its Price-To-Sales Ratio (2.5x) compared to the peer average (5.8x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a27.4%
n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a27.4%
n/an/an/a
No more companies

Price-To-Sales vs Industry: LSPD is good value based on its Price-To-Sales Ratio (2.5x) compared to the Canadian Software industry average (3.6x).


Price to Sales Ratio vs Fair Ratio

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

LSPD PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.5x
Fair PS Ratio4.4x

Price-To-Sales vs Fair Ratio: LSPD is good value based on its Price-To-Sales Ratio (2.5x) compared to the estimated Fair Price-To-Sales Ratio (4.4x).


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 LSPD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$21.86
CA$26.92
+23.1%
21.7%CA$35.23CA$19.76n/a10
Sep ’25CA$17.38
CA$27.83
+60.1%
20.5%CA$35.56CA$19.94n/a9
Aug ’25CA$18.28
CA$29.27
+60.1%
16.7%CA$36.28CA$22.04n/a9
Jul ’25CA$18.70
CA$29.30
+56.7%
14.9%CA$35.87CA$22.18n/a9
Jun ’25CA$19.76
CA$29.30
+48.3%
14.9%CA$35.87CA$22.18n/a9
May ’25CA$18.18
CA$29.10
+60.0%
14.3%CA$36.01CA$25.48n/a8
Apr ’25CA$19.25
CA$28.72
+49.2%
14.0%CA$35.32CA$25.00n/a8
Mar ’25CA$19.35
CA$28.72
+48.4%
14.0%CA$35.32CA$25.00n/a8
Feb ’25CA$24.80
CA$31.95
+28.8%
16.6%CA$41.75CA$25.45n/a8
Jan ’25CA$27.82
CA$30.52
+9.7%
19.1%CA$41.76CA$23.51n/a8
Dec ’24CA$22.83
CA$29.56
+29.5%
25.1%CA$42.08CA$16.64n/a8
Nov ’24CA$17.30
CA$32.03
+85.2%
25.2%CA$44.70CA$23.36n/a8
Oct ’24CA$19.08
CA$32.38
+69.7%
22.8%CA$43.77CA$23.06CA$22.188
Sep ’24CA$22.28
CA$32.93
+47.8%
20.9%CA$43.70CA$23.02CA$17.388
Aug ’24CA$22.92
CA$30.33
+32.3%
24.5%CA$41.95CA$20.49CA$18.288
Jul ’24CA$22.41
CA$30.47
+36.0%
32.5%CA$49.05CA$20.61CA$18.708
Jun ’24CA$19.91
CA$34.93
+75.4%
37.7%CA$63.12CA$21.01CA$19.7610
May ’24CA$17.56
CA$46.42
+164.4%
70.3%CA$142.15CA$22.37CA$18.1811
Apr ’24CA$20.55
CA$46.38
+125.7%
70.3%CA$142.01CA$22.35CA$19.2511
Mar ’24CA$20.64
CA$46.22
+123.9%
70.2%CA$141.34CA$22.25CA$19.3511
Feb ’24CA$24.88
CA$47.69
+91.7%
66.2%CA$139.78CA$21.88CA$24.8011
Jan ’24CA$19.35
CA$56.67
+192.9%
64.1%CA$139.91CA$21.95CA$27.8211
Dec ’23CA$23.18
CA$56.67
+144.5%
64.1%CA$139.91CA$21.95CA$22.8311
Nov ’23CA$25.95
CA$62.81
+142.0%
55.0%CA$143.07CA$33.92CA$17.3011
Oct ’23CA$24.31
CA$64.20
+164.1%
54.3%CA$143.81CA$36.17CA$19.0811

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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