Lightspeed Commerce Inc.

DB:3L50 Stock Report

Market Cap: €1.1b

Lightspeed Commerce Valuation

Is 3L50 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-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 3L50 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: 3L50 (€7.5) is trading above our estimate of future cash flow value (€6.28)

Significantly Below Future Cash Flow Value: 3L50 is trading above our estimate of future cash flow value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3L50?

Key metric: As 3L50 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 3L50. This is calculated by dividing 3L50's market cap by their current revenue.
What is 3L50's PS Ratio?
PS Ratio1x
SalesUS$1.19b
Market CapUS$1.21b

Price to Sales Ratio vs Peers

How does 3L50's PS Ratio compare to its peers?

The above table shows the PS ratio for 3L50 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.4x
AOF ATOSS Software
7.1x11.98%€1.3b
TMV TeamViewer
1x5.04%€729.9m
PSAN PSI Software
2.5x9.05%€706.3m
1INN innoscripta
7.1x22.82%€730.0m
3L50 Lightspeed Commerce
1x10.64%€1.7b

Price-To-Sales vs Peers: 3L50 is good value based on its Price-To-Sales Ratio (1x) compared to the peer average (4.4x).


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 3L50's PS Ratio compare vs other companies in the DE Software Industry?

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
CSH CENIT
0.2x3.00%US$58.88m
CLIQ Cliq Digital
0.1x-36.49%US$17.90m
ISHA INTERSHOP Communications
0.4x5.83%US$16.82m
8DQ GetSwift Technologies
0.07xn/aUS$2.53m
3L50 1.0xIndustry Avg. 1.8xNo. of Companies6PS0246810+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 3L50 is good value based on its Price-To-Sales Ratio (1x) compared to the German Software industry average (1.8x).


Price to Sales Ratio vs Fair Ratio

What is 3L50'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.

3L50 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1x
Fair PS Ratio2.1x

Price-To-Sales vs Fair Ratio: 3L50 is good value based on its Price-To-Sales Ratio (1x) compared to the estimated Fair Price-To-Sales Ratio (2.1x).


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 3L50 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€7.50
€12.84
+71.18%
25.20%€19.25€7.68n/a8
Mar ’27€7.95
€11.91
+49.77%
26.83%€18.52€7.39n/a9
Feb ’27€9.15
€12.35
+34.99%
22.28%€18.43€8.32n/a10
Jan ’27€10.40
€12.80
+23.09%
21.30%€18.50€8.63n/a10
Dec ’26€9.60
€12.80
+33.35%
21.30%€18.50€8.63n/a10
Nov ’26€10.10
€12.77
+26.48%
22.62%€18.67€7.36n/a10
Oct ’26€9.80
€13.45
+37.28%
17.78%€18.77€11.23n/a9
Sep ’26€10.50
€13.45
+28.13%
17.78%€18.77€11.23n/a9
Aug ’26€10.80
€13.45
+24.57%
17.78%€18.77€11.23n/a9
Jul ’26€9.90
€11.97
+20.90%
25.20%€19.28€8.33n/a9
Jun ’26€9.40
€11.97
+27.33%
25.20%€19.28€8.33n/a9
May ’26€8.80
€12.37
+40.52%
26.06%€18.20€8.13n/a9
Apr ’26€8.05
€13.26
+64.66%
24.69%€19.37€9.00n/a9
Mar ’26€12.20
€16.13
+32.23%
17.47%€20.10€12.06€7.959
Feb ’26€14.10
€19.07
+35.24%
17.50%€24.23€14.33€9.158
Jan ’26€15.00
€19.96
+33.07%
17.69%€24.90€14.21€10.409
Dec ’25€17.80
€20.00
+12.34%
17.53%€24.92€14.39€9.609
Nov ’25€13.70
€17.88
+30.48%
21.69%€23.40€13.12€10.1010
Oct ’25€14.80
€17.88
+20.78%
21.69%€23.40€13.12€9.8010
Sep ’25€11.40
€18.35
+60.96%
20.50%€23.45€13.15€10.509
Aug ’25€13.00
€19.55
+50.40%
16.66%€24.24€14.72€10.809
Jul ’25€12.80
€19.78
+54.54%
14.88%€24.22€14.97€9.909
Jun ’25€13.70
€19.78
+44.39%
14.88%€24.22€14.97€9.409
May ’25€12.50
€19.80
+58.39%
14.30%€24.50€17.34€8.808
Apr ’25€12.90
€19.65
+52.35%
14.00%€24.17€17.11€8.058
Mar ’25€12.90
€19.65
+52.35%
14.00%€24.17€17.11€12.208
€12.44
Fair Value
39.7% undervalued intrinsic discount
8
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 Analysis2026/03/15 05:38
End of Day Share Price 2026/03/13 00:00
Earnings2025/12/31
Annual Earnings2025/03/31

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

Lightspeed Commerce Inc. is covered by 26 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Martin TonerATB Cormark
Gavin FairweatherATB Cormark Historical (Cormark Securities)
Raimo LenschowBarclays