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Lumi Gruppen OB:LUMI Stock Report

Last Price


Market Cap







12 Aug, 2022


Company Financials +
LUMI fundamental analysis
Snowflake Score
Future Growth4/6
Past Performance5/6
Financial Health2/6

LUMI Stock Overview

Lumi Gruppen AS operates in the education market in Norway.

Lumi Gruppen Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Lumi Gruppen
Historical stock prices
Current Share Pricekr9.10
52 Week Highkr71.00
52 Week Lowkr7.70
1 Month Change-56.67%
3 Month Change-72.26%
1 Year Change-86.81%
3 Year Changen/a
5 Year Changen/a
Change since IPO-84.04%

Recent News & Updates

May 31
Lumi Gruppen (OB:LUMI) Might Have The Makings Of A Multi-Bagger

Lumi Gruppen (OB:LUMI) Might Have The Makings Of A Multi-Bagger

There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to...

Shareholder Returns

LUMINO Consumer ServicesNO Market

Return vs Industry: LUMI underperformed the Norwegian Consumer Services industry which returned -21.8% over the past year.

Return vs Market: LUMI underperformed the Norwegian Market which returned 9.8% over the past year.

Price Volatility

Is LUMI's price volatile compared to industry and market?
LUMI volatility
LUMI Average Weekly Movement22.7%
Consumer Services Industry Average Movement7.9%
Market Average Movement6.7%
10% most volatile stocks in NO Market12.4%
10% least volatile stocks in NO Market3.7%

Stable Share Price: LUMI is more volatile than 90% of Norwegian stocks over the past 3 months, typically moving +/- 23% a week.

Volatility Over Time: LUMI's weekly volatility has increased from 12% to 23% over the past year.

About the Company

1989288Erik Brandt

Lumi Gruppen AS operates in the education market in Norway. The company operates through two segments, Sonans and Oslo Nye Hoyskole (ONH). It provides online studies in the fields of psychology, health, social sciences, and business and administration, as well as vocational IT education services.

Lumi Gruppen Fundamentals Summary

How do Lumi Gruppen's earnings and revenue compare to its market cap?
LUMI fundamental statistics
Market Capkr327.60m
Earnings (TTM)kr56.72m
Revenue (TTM)kr530.47m


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LUMI income statement (TTM)
Cost of Revenuekr256.34m
Gross Profitkr274.13m
Other Expenseskr217.41m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 17, 2022

Earnings per share (EPS)1.58
Gross Margin51.68%
Net Profit Margin10.69%
Debt/Equity Ratio79.2%

How did LUMI perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


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

Valuation Score


Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

LUMI 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/Revenue1.4x
Enterprise Value/EBITDA7.1x
PEG Ratio0.2x

Price to Earnings Ratio vs Peers

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

LUMI PE Ratio vs Peers
The above table shows the PE ratio for LUMI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average11.4x
2496 Success Prime
4319 TACLtd
2179 Seigakusya
5481 Sino Tactful
LUMI Lumi Gruppen

Price-To-Earnings vs Peers: LUMI is good value based on its Price-To-Earnings Ratio (5.8x) compared to the peer average (11.4x).

Price to Earnings Ratio vs Industry

How does LUMI's PE Ratio compare vs other companies in the Global Consumer Services Industry?

Price-To-Earnings vs Industry: LUMI is good value based on its Price-To-Earnings Ratio (5.8x) compared to the European Consumer Services industry average (20.1x)

Price to Earnings Ratio vs Fair Ratio

What is LUMI'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.

LUMI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.8x
Fair PE Ration/a

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

Share Price vs Fair Value

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

Below Fair Value: LUMI (NOK9.1) is trading below our estimate of fair value (NOK148.6)

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

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

How is Lumi Gruppen forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score


Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: LUMI's forecast earnings growth (37.4% per year) is above the savings rate (1.1%).

Earnings vs Market: LUMI's earnings (37.4% per year) are forecast to grow faster than the Norwegian market (0.2% per year).

High Growth Earnings: LUMI's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: LUMI's revenue (9.5% per year) is forecast to grow faster than the Norwegian market (-1% per year).

High Growth Revenue: LUMI's revenue (9.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: LUMI's Return on Equity is forecast to be low in 3 years time (17%).

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Past Performance

How has Lumi Gruppen performed over the past 5 years?

Past Performance Score


Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: LUMI has high quality earnings.

Growing Profit Margin: LUMI's current net profit margins (10.7%) are higher than last year (0.7%).

Past Earnings Growth Analysis

Earnings Trend: LUMI's earnings have grown significantly by 82.3% per year over the past 5 years.

Accelerating Growth: LUMI's earnings growth over the past year (1353%) exceeds its 5-year average (82.3% per year).

Earnings vs Industry: LUMI earnings growth over the past year (1353%) exceeded the Consumer Services industry 20.1%.

Return on Equity

High ROE: LUMI's Return on Equity (11.3%) is considered low.

Discover strong past performing companies

Financial Health

How is Lumi Gruppen's financial position?

Financial Health Score


Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: LUMI's short term assets (NOK227.9M) do not cover its short term liabilities (NOK279.2M).

Long Term Liabilities: LUMI's short term assets (NOK227.9M) do not cover its long term liabilities (NOK521.0M).

Debt to Equity History and Analysis

Debt Level: LUMI's net debt to equity ratio (49.4%) is considered high.

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

Debt Coverage: LUMI's debt is well covered by operating cash flow (22.4%).

Interest Coverage: LUMI's interest payments on its debt are well covered by EBIT (3.1x coverage).

Balance Sheet

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What is Lumi Gruppen current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: LUMI's dividend (10.99%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.64%).

High Dividend: LUMI's dividend (10.99%) is in the top 25% of dividend payers in the Norwegian market (6.78%)

Stability and Growth of Payments

Stable Dividend: Too early to tell whether LUMI's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if LUMI's dividend payments are increasing as they only just started paying a dividend.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (63.5%), LUMI's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (45%), LUMI's dividend payments are well covered by cash flows.

Discover strong dividend paying companies


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


Erik Brandt

no data


Erik Brandt serves at Chief Executive Officer at Lumi Gruppen AS (formerly known as Sonans Holding AS) and served as its Head of Investor Relations and served as its Chief Financial Officer until September...


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

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Lumi Gruppen AS's employee growth, exchange listings and data sources

Key Information

  • Name: Lumi Gruppen AS
  • Ticker: LUMI
  • Exchange: OB
  • Founded: 1989
  • Industry: Education Services
  • Sector: Consumer Services
  • Implied Market Cap: kr327.600m
  • Shares outstanding: 36.00m
  • Website:

Number of Employees


  • Lumi Gruppen AS
  • Sandakerveien 116
  • Oslo
  • Oslo
  • 484
  • Norway


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/12 00:00
End of Day Share Price2022/08/12 00:00
Annual Earnings2021/12/31

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.