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Lemonsoft

5.06 EUR

+0.40 %

1,424 following
Corporate customer

LEMON

First North Finland

Software

Technology

+0.40 %
-13.95 %
-17.32 %
-16.23 %
-29.92 %
-18.39 %
-43.34 %
-
-67.56 %

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
92.41M EUR
Turnover
67.71K EUR
P/E (adj.) (26e)
14.03
EV/EBIT (adj.) (26e)
11.28
EV/S (26e)
2.99
Dividend yield-% (26e)
2.77 %
Coverage
Recommendation
Buy
Target price
6.50 EUR
Updated
2026-02-19
Disclaimer
Atte Riikola
Atte Riikola

Analyst

Latest research

Latest analysis report

Released: 2026-02-20

Latest extensive report

Released: 2026-02-20

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
Lemonsoft CEO’s thoughts on the impacts of AI on SaaS companies.
2/9/2026, 2:01 PM
by Atte Riikola
12
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 ...
yesterday
by Roope K
10
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...
yesterday
by Atte Riikola
7
Lemonsoft reported a Q4 result largely in line with our expectations. As a minor positive, SaaS revenue was slightly better than our forecasts at the end of the year. Operating cash flow (Q4’25: 3.1 MEUR) was strong at the end of the year, as was the figure for the full year (8.5...
2/19/2026, 8:31 AM
by Atte Riikola
5
And here is the interview with CEO Alpo Luostarinen regarding Q4, with Atte as the interviewer, of course. Inderes Lemonsoft Q4'25: Vauhdikas vuosi päätökseen - Inderes Aika: 19.02.2026 klo 15.50 Lemonsoftin SaaS-liikevaihto kehittyi positiivisesti loppuvuonna ja kannattavuus oli...
yesterday
by Sijoittaja-alokas
4
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
3
Here are Atte’s preview comments as Lemonsoft reports its Q4 results on Thursday, February 19. We expect the company’s revenue to have decreased towards the end of the year, but due to implemented cost savings, the result remained stable relative to the comparison period. In the ...
2/12/2026, 6:18 AM
by Sijoittaja-alokas
2
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