Lemonade, Inc.

BRSE:LE0 Stock Report

Market Cap: CHF 3.6b

Lemonade Valuation

Is LE0 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of LE0 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: Insufficient data to calculate LE0's future cash flow value for valuation analysis.

Significantly Below Future Cash Flow Value: Insufficient data to calculate LE0's future cash flow value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LE0?

Key metric: As LE0 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for LE0. This is calculated by dividing LE0's market cap by their current revenue.
What is LE0's PS Ratio?
PS Ratio5.2x
SalesUS$844.70m
Market CapUS$4.45b

Price to Sales Ratio vs Peers

How does LE0's PS Ratio compare to its peers?

The above table shows the PS ratio for LE0 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.8x
VAHN Vaudoise Assurances Holding
1.4xn/aCHF 2.3b
HBAN Helvetia Baloise Holding
2x16.80%CHF 20.8b
SLHN Swiss Life Holding
2.1x-1.41%CHF 24.6b
WTM White Mountains Insurance Group
1.8xn/aUS$4.9b
LE0 Lemonade
5.2x24.38%CHF 4.4b

Price-To-Sales vs Peers: LE0 is expensive based on its Price-To-Sales Ratio (5.2x) compared to the peer average (1.8x).

Historical Price to Sales Ratio

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

Fetching historical data

Price to Sales Ratio vs Industry

How does LE0's PS Ratio compare vs other companies in the European Insurance Industry?

5 CompaniesPrice / SalesEstimated GrowthMarket Cap
LE0 5.2xIndustry Avg. 1.2xNo. of Companies12PS00.81.62.43.24+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: LE0 is expensive based on its Price-To-Sales Ratio (5.2x) compared to the European Insurance industry average (1.2x).

Price to Sales Ratio vs Fair Ratio

What is LE0'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.

LE0 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.2x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate LE0's Price-To-Sales Fair Ratio for valuation analysis.

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 LE0 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 47.63
CHF 49.51
+3.96%
28.53%CHF 73.47CHF 29.55n/a9
Jun ’27n/a
CHF 46.80
0%
33.37%CHF 72.30CHF 25.93n/a9
May ’27n/a
CHF 47.60
0%
34.12%CHF 71.92CHF 25.80n/a9
Apr ’27n/a
CHF 51.72
0%
35.39%CHF 77.05CHF 25.95n/a9
Mar ’27n/a
CHF 50.48
0%
35.07%CHF 75.85CHF 25.54n/a9
Feb ’27n/a
CHF 52.46
0%
37.15%CHF 76.61CHF 25.80n/a9
Jan ’27n/a
CHF 49.12
0%
36.02%CHF 67.61CHF 26.25n/a8
Dec ’26n/a
CHF 46.53
0%
35.75%CHF 68.64CHF 26.65n/a8
Nov ’26n/a
CHF 36.75
0%
22.61%CHF 48.06CHF 26.43n/a8
Oct ’26n/a
CHF 36.48
0%
25.48%CHF 47.85CHF 24.72n/a8
Sep ’26n/a
CHF 36.42
0%
24.36%CHF 48.43CHF 25.02n/a8
Aug ’26n/a
CHF 26.34
0%
37.85%CHF 47.89CHF 18.36n/a6
Jul ’26n/a
CHF 24.83
0%
42.49%CHF 47.54CHF 17.43n/a6
Jun ’26n/a
CHF 25.17
0%
44.33%CHF 49.63CHF 12.41n/a7
May ’26n/a
CHF 24.94
0%
43.85%CHF 48.94CHF 12.24n/a7
Apr ’26n/a
CHF 28.41
0%
41.02%CHF 53.03CHF 13.26n/a7
Mar ’26n/a
CHF 26.96
0%
47.52%CHF 54.17CHF 13.54n/a7
Feb ’26n/a
CHF 29.90
0%
46.42%CHF 54.37CHF 13.59n/a6
Jan ’26n/a
CHF 28.74
0%
49.42%CHF 54.13CHF 13.53n/a7
Dec ’25n/a
CHF 27.59
0%
53.09%CHF 53.65CHF 13.41n/a7
Nov ’25n/a
CHF 17.27
0%
45.51%CHF 34.54CHF 9.50n/a7
Oct ’25n/a
CHF 16.28
0%
46.00%CHF 34.01CHF 9.35n/a7
Sep ’25n/a
CHF 16.28
0%
46.00%CHF 34.01CHF 9.35n/a7
Aug ’25n/a
CHF 17.14
0%
46.02%CHF 35.56CHF 9.78n/a7
Jul ’25n/a
CHF 17.52
0%
45.35%CHF 36.34CHF 9.99n/a7
Jun ’25n/a
CHF 17.52
0%
45.35%CHF 36.34CHF 9.99n/a7
CHF 51.6
Fair Value
7.8% undervalued intrinsic discount
9
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/24 06:40
End of Day Share Price 2026/06/24 00:00
Earnings2026/03/31
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 world class team 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

Lemonade, Inc. is covered by 21 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ross SandlerBarclays
Tracy Dolin-BenguiguiBarclays
Jack MattenBMO Capital Markets Equity Research