Copyright © Inderes 2011 - present. All rights reserved.
Log in to your Inderes Free account to see all free content on this page.
Create account

Lemonsoft

4.90 EUR

-2.00 %

1,438 following
Corporate customer

LEMON

First North Finland

Software

Technology

-2.00 %
-2.00 %
-19.93 %
-21.97 %
-27.30 %
-14.04 %
-40.39 %
-
-68.59 %

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.

Read more
Market cap
89.49M EUR
Turnover
6.7K EUR
P/E (adj.) (26e)
EV/EBIT (adj.) (26e)
EV/S (26e)
Dividend yield-% (26e)
Coverage
Recommendation
Buy
Target price
Updated
20.02.2026
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
ShowingAll content types

Join Inderes community

Don't miss out - create an account and get all the possible benefits

FREE account
Stock market's most popular morning newsletter
Analyst comments and recommendations
Stock comparison tool
PREMIUM account
All company reports and content
Premium tools (e.g. insider transactions & stock screener)
Model portfolio
Create account
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
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...
2/19/2026, 3:18 PM
by Sijoittaja-alokas
5
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
Read more on our forum
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.