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Lemonsoft

5.38 EUR

-5.94 %

1,399 following
Corporate customer

LEMON

First North Finland

Software

Technology

-5.94 %
-12.09 %
-9.73 %
-23.80 %
-25.07 %
-20.30 %
-27.79 %
-
-65.51 %

Lemonsoft is a Finnish SaaS company that designs, develops and sells ERP software solutions. The company is primarily a service provider of business systems to small and medium-sized businesses. Its customer base consists of companies in industrial manufacturing, wholesale and retail trade, construction and accounting firms. The company operates mainly in Finland.

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Market cap
98.25M EUR
Turnover
164.42K EUR
P/E (adj.) (25e)
22.45
EV/EBIT (adj.) (25e)
14.55
EV/S (25e)
3.46
Dividend yield-% (25e)
2.6 %
Coverage
Recommendation
Accumulate
Target price
7.10 EUR
Updated
20.01.2026
Disclaimer
Atte Riikola
Atte Riikola

Analyst

Latest research

Latest analysis report

Released: 21.01.2026

Latest extensive report

Released: 21.01.2026

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
19.2
2026

Annual report '25

14.4
2026

General meeting '26

29.4
2026

Interim report Q1'26

Risk
Business risk
Valuation risk
Low
High
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Forum discussions
In the comment linked above, I explain how those targets relate to our forecasts. It’s good to remember that the targets also include acquisitions, so organically, such strong earnings growth is not expected at this point. But it is true that with good strategy execution and an improvement...
12/3/2025, 4:33 PM
by Atte Riikola
4
At the smaller end, Odoo is raising its head. In medium-sized client accounts, the worst competitor is Monitor, but Roiman Lean is also involved there. Precisely that consulting slump is the problem. It reflects the number of new projects and thus future continuous invoicing. Conversely...
12/2/2025, 5:14 PM
4
Alpo was on InderesTV today to elaborate a bit more on the updated strategy: Inderes Lemonsoft: Päivitetty strategia - Inderes Aika: 16.12.2025 klo 15.40 Lemonsoft päivitti taloudelliset tavoitteensa ja strategiansa. Yhtiö tähtää voimakkaaseen tuloskasvuun tulevina vuosina. Lemonsoftin...
12/16/2025, 5:04 PM
by Atte Riikola
3
Iikka and Atte talked about Lemonsoft in connection with the new extensive report. Inderes Lemonsoft: Ohjelmistosektorin halvempi vaihtoehto - Inderes Aika: 22.01.2026 klo 16.15 Lemonsoftin osakkeen EV/S‑kerroin on muuttunut 20x‑tasolta nykyiseen neloseen osakekurssin laskettua. ...
1/22/2026, 3:22 PM
by Sijoittaja-alokas
2
Atte has produced a new, excellent comprehensive report on Lemonsoft. As usual, this comprehensive report is accessible to everyone and is not behind a paywall. We reiterate our Accumulate recommendation for Lemonsoft and a target price of EUR 7.1. Lemonsoft’s past year was characterized...
1/21/2026, 6:25 AM
by Sijoittaja-alokas
2
Regarding forecasts from the Q3 report: It is therefore expected that the company’s reorganized sales team will gradually start to improve its performance in the coming months. After this, new customer implementations will still take some time, so revenue growth could start to accelerate...
12/3/2025, 7:10 AM
by Atte Riikola
2
Which competitors do you think are currently doing well in the industry? Lemonsoft has identified Monitor, Oscar, and Odoo as key competitors. You already grouped Oscar into the same category as Lemonsoft, so are it those two others or some other players? Lemonsoft’s recurring revenue...
12/2/2025, 4:08 PM
by Atte Riikola
2
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