OM:LIME

Stock Analysis Report

Lime Technologies

Executive Summary

Lime Technologies AB (publ) provides software as a service based customer relationship management (CRM) solutions on the Nordic markets.

Rewards

PE ratio (63.3x) is below the Software industry average (66.8x)

Earnings are forecast to grow 20.94% per year

Earnings grew by 60.6% over the past year

Risk Analysis

Has a high level of debt

Highly volatile share price over past 3 months

Shareholders have been diluted in the past year



Snowflake Analysis

Solid track record with high growth potential.


Similar Companies

Share Price & News

How has Lime Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: LIME's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.5%

LIME

4.4%

SE Software

2.3%

SE Market


1 Year Return

87.9%

LIME

95.5%

SE Software

22.2%

SE Market

Return vs Industry: LIME underperformed the Swedish Software industry which returned 98.3% over the past year.

Return vs Market: LIME exceeded the Swedish Market which returned 21.8% over the past year.


Shareholder returns

LIMEIndustryMarket
7 Day0.5%4.4%2.3%
30 Day10.3%7.7%3.1%
90 Day25.7%36.5%10.1%
1 Year89.4%87.9%97.4%95.5%27.2%22.2%
3 Yearn/a130.1%119.9%39.3%18.3%
5 Yearn/a209.0%178.9%47.9%16.3%

Price Volatility Vs. Market

How volatile is Lime Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Lime Technologies undervalued compared to its fair value and its price relative to the market?

63.29x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: LIME (SEK186) is trading above our estimate of fair value (SEK149.01)

Significantly Below Fair Value: LIME is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: LIME is good value based on its PE Ratio (63.3x) compared to the Software industry average (66.8x).

PE vs Market: LIME is poor value based on its PE Ratio (63.3x) compared to the Swedish market (19.9x).


Price to Earnings Growth Ratio

PEG Ratio: LIME is poor value based on its PEG Ratio (3x)


Price to Book Ratio

PB vs Industry: LIME is overvalued based on its PB Ratio (36x) compared to the SE Software industry average (5.8x).


Next Steps

Future Growth

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

20.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LIME's forecast earnings growth (20.9% per year) is above the savings rate (-0.4%).

Earnings vs Market: LIME's earnings (20.9% per year) are forecast to grow faster than the Swedish market (8.4% per year).

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

Revenue vs Market: LIME's revenue (14.2% per year) is forecast to grow faster than the Swedish market (4.6% per year).

High Growth Revenue: LIME's revenue (14.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LIME's Return on Equity is forecast to be very high in 3 years time (48.8%).


Next Steps

Past Performance

How has Lime Technologies performed over the past 5 years?

8.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LIME has high quality earnings.

Growing Profit Margin: LIME's current net profit margins (13.5%) are higher than last year (9.9%).


Past Earnings Growth Analysis

Earnings Trend: LIME's earnings have grown by 8.6% per year over the past 5 years.

Accelerating Growth: LIME's earnings growth over the past year (60.6%) exceeds its 5-year average (8.6% per year).

Earnings vs Industry: LIME earnings growth over the past year (60.6%) exceeded the Software industry -2.9%.


Return on Equity

High ROE: Whilst LIME's Return on Equity (56.89%) is outstanding, this metric is skewed due to their high level of debt.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Lime Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: LIME's short term assets (SEK89.0M) do not cover its short term liabilities (SEK145.5M).

Long Term Liabilities: LIME's short term assets (SEK89.0M) do not cover its long term liabilities (SEK99.5M).


Debt to Equity History and Analysis

Debt Level: LIME's debt to equity ratio (123.6%) is considered high.

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

Debt Coverage: LIME's debt is well covered by operating cash flow (87.4%).

Interest Coverage: LIME's interest payments on its debt are well covered by EBIT (23.6x coverage).


Balance Sheet

Inventory Level: LIME has a low level of unsold assets or inventory.

Debt Coverage by Assets: LIME's debt is covered by short term assets (assets are 1x debt).


Next Steps

Dividend

What is Lime Technologies's current dividend yield, its reliability and sustainability?

0.81%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Lime Technologies before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company0.8%marketbottom25%1.5%markettop25%4.2%industryaverage0.7%forecastin3Years1.2%

Current dividend yield vs market & industry

Notable Dividend: LIME's dividend (0.81%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (1.55%).

High Dividend: LIME's dividend (0.81%) is low compared to the top 25% of dividend payers in the Swedish market (4.21%).


Stability and Growth of Payments

Stable Dividend: LIME is not paying a notable dividend for the Swedish market, therefore no need to check if payments are stable.

Growing Dividend: LIME is not paying a notable dividend for the Swedish market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: LIME is not paying a notable dividend for the Swedish market.


Future Payout to Shareholders

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


Next Steps

Management

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

4.1yrs

Average management tenure


CEO

Erik Syrén (41yo)

8.1yrs

Tenure

0

Mr. Erik Syrén has serves as the President & Chief Executive Officer at Lime Technologies AB (publ) since 2012. He is Director of Formpipe Software AB since since April 26, 2019. Mr. Syrén is a Board membe ...


Leadership Team

NamePositionTenureCompensationOwnership
Anders Fransson
Board Member6.1yrskr125.00k0.83% SEK21.1m
Erik Syrén
CEO & President8.1yrsno data10.14% SEK258.1m
Magnus Hansson
Chief Financial Officer8.1yrsno data0.57% SEK14.5m
Nils Olsson
Chief Operating Officer1.1yrsno data1.56% SEK39.7m
Martin Berg
Chief Technology Officer4.1yrsno data0.78% SEK19.7m
Lars Andersson
Chief Experience Officer & Head of IR1.1yrsno data1.62% SEK41.1m
Svante Holm
Head of Utility6.1yrsno data0.93% SEK23.6m
Anna Johansson
Head of Support14.1yrsno data0.77% SEK19.7m
Martin Nilsson
Head of Development3.1yrsno data0.10% SEK2.7m
Tommas Davoust
Head of Expert Services0.08yrsno datano data

4.1yrs

Average Tenure

44.5yo

Average Age

Experienced Management: LIME's management team is considered experienced (4.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Anders Fransson
Board Member6.1yrskr125.00k0.83% SEK21.1m
Anders Nilsson
Board Member5.1yrskr125.00k0.75% SEK19.2m
Peter Larsson
Chairman of the Board6.1yrsno datano data
Malin Ruijsenaars
Independent Director0.8yrsno datano data
Maria Wasing
Board Member3.1yrskr125.00kno data
Marléne Forsell
Board Member2.1yrskr125.00k0.024% SEK603.4k
Martin Henricson
Independent Director0.8yrsno datano data

3.1yrs

Average Tenure

52yo

Average Age

Experienced Board: LIME'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: LIME insiders have only sold shares 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 6.3%.


Top Shareholders

Company Information

Lime Technologies AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Lime Technologies AB (publ)
  • Ticker: LIME
  • Exchange: OM
  • Founded: 1990
  • Industry: Application Software
  • Sector: Software
  • Market Cap: kr2.545b
  • Shares outstanding: 13.28m
  • Website: https://www.lime-technologies.com

Number of Employees


Location

  • Lime Technologies AB (publ)
  • Sankt lars väg 46
  • Lund
  • Skåne County
  • 222 70
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LIMEOM (OMX Nordic Exchange Stockholm)YesOrdinary SharesSESEKDec 2018
LTXDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2018
LIMESBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBSEKDec 2018

Biography

Lime Technologies AB (publ) provides software as a service based customer relationship management (CRM) solutions on the Nordic markets. It develops, sells, and implements CRM systems, as well as provides consultancy services. The company’s products include Lime GO, a tool for sales representatives with contact details for various businesses and executive officers in Sweden; and Lime CRM, a CRM system that collects sales, projects, documents, e-mails, reminders, etc. in one place. It offers its pre-packaged CRM solutions to customers in verticals, such as utilitis, real estate, wholesale, and consultancy. Lime Technologies AB (publ) was formerly known as Lundalogik AB and changed its name to Lime Technologies AB (publ) in March 2018. The company was founded in 1990 and is headquartered in Lund, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 23:06
End of Day Share Price2020/02/17 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.