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Lemonsoft

4.93 EUR

-1.79 %

1,442 following
Corporate customer

LEMON

First North Finland

Software

Technology

-1.79 %
-0.60 %
-19.44 %
-17.28 %
-28.55 %
-11.96 %
-43.98 %
-
-68.39 %

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
90.04M EUR
Turnover
37.81K EUR
P/E (adj.) (26e)
13.67
EV/EBIT (adj.) (26e)
11
EV/S (26e)
2.92
Dividend yield-% (26e)
2.84 %
Coverage
Recommendation
Buy
Target price
6.50 EUR
Updated
19.02.2026
Disclaimer
Atte Riikola
Atte Riikola

Analyst

Latest research

Latest analysis report

Released: 20.02.2026

Latest extensive report

Released: 20.02.2026

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
14.4
2026

General meeting '26

15.4
2026

Annual dividend

29.4
2026

Interim report Q1'26

Risk
Business risk
Valuation risk
Low
High
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Forum discussions
I’ve reached the same conclusion in my own work - though from a slightly different perspective. In my opinion, it’s not so much about new entrants entering the market but rather about the decrease in the cost of self-development. I recently received an assignment to consider the ...
2/20/2026, 7:31 AM
by Roope K
17
I wonder if in this case, at some point, more devalued shares will be acquired from the market, followed by a bid to take the company private with some consortium? Right now, SaaS companies are being priced at bargain-bin levels on the stock exchange… Edit: For example Rite Ventures...
3/7/2026, 8:10 AM
by MTES
11
"In stock exchange trades, the highest price paid for the shares was EUR 4.67 per share. Rite Ventures is obligated to launch a mandatory public tender offer for all shares in Lemonsoft. In the offer, Rite Ventures offers a cash consideration of EUR 4.67 per share." " Kari Joki-Hollanti...
3/6/2026, 5:59 PM
by Ripelein
11
For the first time in our coverage history, I have now moved to the buy side with Lemonsoft. Overall, the valuations of Nordic ERP providers (Admicom, Lemonsoft, Smartcraft) have been pushed to historical lows in the recent SaaS sell-off, and at least I am now taking the view that...
2/20/2026, 6:17 AM
by Atte Riikola
10
This article I linked to the Admicom thread is also very interesting from Lemonsoft’s perspective: Fundco – 17 Mar 26 Tässä se on – hetkemme kallein - Fundco Jarkko Sirenius liittyy osakkaaksi Fundcoon. Jarkko ottaa vastuulleen vaihtoehtoisten sijoitusratkaisujen kehittämisen.
3/18/2026, 7:10 AM
by Atte Riikola
7
SaaS revenue grew 1.9%. Likely, the SaaS base has decreased when adjusted for price increases. Churn is 6.8%, which in my opinion is a lot. I’d be most worried about the consulting revenue falling by over 11%. I’d like to know how badly that core contract base has eroded. At least...
2/19/2026, 7:01 PM
4
Here are Atte’s comments regarding Rite Ventures’ tender offer. Inderes Lemonsoft: Rite Ventures tekee pakollisen ostotarjouksen 4,67 eurolla - Inderes Pääomistajan lisäostot vahvistavat näkemystämme siitä, että osake on tällä hetkellä selvästi aliarvostettu.
3/9/2026, 6:24 AM
by Sijoittaja-alokas
3
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