Lumine Group Inc. (LMN) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Lumine Group Inc. stock C$30.90, price C$28.09, upside +10.0%, quality 67 out of 100. Rating: fairly valued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
43‑month range C$14.10 – C$54.26 · fair‑value band C$21.63 – C$40.18 · the C$28.09 price screens below the C$30.90 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Lumine Group Inc. develops, installs, and customizes software, and related professional and support services worldwide. It also involves in the sale of software licenses, and resale of third-party hardware and assembled hardware.
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The company was founded in 2014 and is headquartered in Mississauga, Canada. Lumine Group Inc. operates as a subsidiary of Trapeze Software ULC.
Stock analysis
Lumine Group Inc. (LMN) currently trades at C$28.09, while our model-based Fair Value estimate is C$30.90, so the stock looks roughly fairly valued today (gap 9.1%).
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Valuation
Bull case: the DCF Models group reads highest at a median of C$37.42 per share, and 9 of the 24 models we run sit above the C$28.09 price.
Bear case: the Economic Profit group reads lowest at C$10.35, and 15 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: C$21.63 (bear) to C$40.18 (bull), the price of C$28.09 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 67/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Lumine Group Inc. reported revenue of $766M in FY2025 versus $228M in FY2021, a compound +35.3%/yr. Reported net income was $119M in FY2025, compounding +44.2%/yr from FY2021.
Key figures
Market cap C$7.2B (≈ $5.1B) Mid · P/E ratio 48.4 · P/S ratio 7.51 · EPS (TTM) C$0.5800 · Net margin 15.5% · Return on equity 13.7% · Return on assets (EBIT) 9.6% (5-year average) · Operating margin 17.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 59 out of 100 (low confidence).
What moves the price
The share trades about 10% below its 52-week high and 55% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at 10%, LMN screens cheaper than that median.
Fair Value models
BearC$21.63Fair Value C$30.90BullC$40.18
Price C$28.09 · Upside +10.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (C$0.4974 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+14.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+44.1%
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+10.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.7%
Dividend (yield on the price)0.0%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+9.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+22.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +6.7% a year for the price and +19.7% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (77 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
AI conclusion: Acquisition-driven revenue growth delivers scale while low organic expansion and integration costs constrain underlying business quality.
Main risk: Continued dependence on acquisitions for growth risks repeated integration expenses that reduce net income and free cash flow.
Lumine Group's revenue climbed 28 percent year over year in the latest quarter, driven almost entirely by acquisitions, while organic growth registered just 1 percent after currency adjustments. Operating income rose but net income and free cash flow declined amid integration expenses. Does the latest round of media software deals integrate smoothly enough to lift underlying growth, or does the model stay tethered to buying scale?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Application · 628 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score67 · Above median
Fair Value upside+10.0% · Above median
Profitability
Return on equity (12 months)13.7% · Above median
Return on assets8.6% · Top 25%
Net margin (12 months)12.9% · Above median
Operating margin (12 months)17.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)27.8% · Top 25%
Balance sheet
Debt / equity0.25× · Above median
Valuation Multiplesvs Software - Application median · lower = cheaper
P/E (12 months)48.4× · Priciest 25%
P/B6.24× · Priciest 25%
P/S (12 months)6.04× · Priciest 25%
Price / free cash flow (fiscal year)22.0× · Pricier than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Lumine Group Inc. Fair Value". https://www.fairvalue-calculator.com/stock/LMN
Frequently asked questions
Is Lumine Group Inc. (LMN) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of C$30.90 versus a price of C$28.09, about +10% upside (fairly valued).
What is the fair value of LMN?
Our model-based fair value for Lumine Group Inc. is C$30.90 (as of Nov 7, 2026), built from audited fundamentals. The current price: C$28.09.
What is the quality score of LMN?
Lumine Group Inc. has a Quality Score of 67/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Lumine Group Inc. (LMN)?
Our model-based price target is the fair value of C$30.90 (as of Nov 7, 2026) from 24 valuation models. Cautious scenario C$21.63, optimistic scenario C$40.18. It is a calculation from audited fundamentals, not an analyst target.
What is the Lumine Group Inc. stock forecast for 2026?
Our models put fair value at C$30.90, about +10% upside versus a price of C$28.09 (fairly valued). Cautious scenario C$21.63, optimistic scenario C$40.18. The calculation is refreshed regularly with new filings.
What is the revenue of Lumine Group Inc. (LMN)?
Lumine Group Inc. reported trailing-twelve-month revenue of about $846M (latest available figure, as of Nov 7, 2026).
What growth is priced into Lumine Group Inc. (LMN)?
For today's price to be fair in a discounted-cash-flow model, Lumine Group Inc. would have to grow free cash flow by +9.2 % per year for five years (discount rate 9.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +35.3 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of LMN use?
Our models discount Lumine Group Inc. at 9.1 %: a base by market capitalisation (mid), damped by beta 0.85, country premium for Canada. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Lumine Group Inc. that is +9.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.1 %) and the same formula as our fair value.
How much growth has Lumine Group Inc. (LMN) delivered so far?
Over the past 4 years revenue at Lumine Group Inc. grew +35.3 % a year. The price currently implies free-cash-flow growth of +9.2 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Lumine Group Inc. (LMN) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Lumine Group Inc. (+9.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Lumine Group Inc. (LMN)?
The free-cash-flow yield on the price is 4.55 %: that much free cash flow Lumine Group Inc. produces per unit of market value. When it exceeds the discount rate of our models (9.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Lumine Group Inc. (LMN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lumine Group Inc. it is C$30.90 per share (as of Nov 7, 2026), against a price of C$28.09. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Lumine Group Inc. stock overvalued or undervalued in 2026?
As of Nov 7, 2026, LMN trades below its calculated fair value: price C$28.09, fair value C$30.90, a gap of about +10% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of LMN?
No. The price is what the market pays today (C$28.09); the fair value is what the company's own numbers justify (C$30.90). For Lumine Group Inc. the two are C$2.81 per share apart. That gap is exactly why we show both numbers side by side.
How much is Lumine Group Inc. worth?
The market values Lumine Group Inc. at about C$7.2B (market capitalisation, as of Nov 7, 2026). Per share that is C$28.09; our models calculate a fair value of C$30.90 per share.
What do the bullish and bearish scenarios say about LMN?
Our models span a range for Lumine Group Inc.: cautious scenario C$21.63, base C$30.90, optimistic C$40.18 per share (as of Nov 7, 2026, price C$28.09). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of LMN?
Lumine Group Inc. trades at a price-to-earnings ratio of 48.4 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$30.90 is built from several models across several years. Other multiples: P/B 6.2, P/S 6.0, EV/EBITDA 19.5.
How solid is the balance sheet of Lumine Group Inc. (LMN)?
Balance-sheet figures for Lumine Group Inc. (as of Nov 7, 2026): return on equity 13.7%, debt of 0.25 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is LMN from its 52-week high?
Lumine Group Inc. trades at C$28.09, about 10% below its 52-week high of C$31.30 and 55% above the low of C$18.10 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of C$30.90 is for.
Which stocks are comparable to Lumine Group Inc.?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Lumine Group Inc. stock attractive at the current price?
The data as of Nov 7, 2026: price C$28.09, calculated fair value C$30.90 (+10%), Quality Score 67/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of LMN calculated?
We run Lumine Group Inc. through 24 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of C$30.90 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Lumine Group Inc. currently trades 9% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Lumine Group Inc. (LMN)?
The closing price on Nov 6, 2026 was C$28.09. Our model-based fair value is C$30.90, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lumine Group Inc. right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (C$21.63 to C$40.18) leaves room in how you read the outcome.
Key figures of Lumine Group Inc.
How large is the market capitalisation of Lumine Group Inc. (LMN)?
The market capitalisation of Lumine Group Inc. is C$7.2B (≈ $5.1B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Lumine Group Inc. (LMN)?
The price-to-sales ratio of Lumine Group Inc. is 7.51 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Lumine Group Inc. (LMN)?
Earnings per share at Lumine Group Inc. are C$0.5800 (price ÷ EPS = P/E 48.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Lumine Group Inc. (LMN)?
The net margin of Lumine Group Inc. is 15.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Lumine Group Inc. (LMN)?
The return on equity (ROE) of Lumine Group Inc. is 13.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Lumine Group Inc. (LMN)?
On an EBIT basis the return on assets of Lumine Group Inc. is 9.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Lumine Group Inc. (LMN)?
The operating margin of Lumine Group Inc. is 17.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lumine Group Inc. (LMN)?
Revenue at Lumine Group Inc. is growing +27.8% versus a year earlier (3y avg +44.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Lumine Group Inc. (LMN)?
Earnings per share at Lumine Group Inc. are growing −34.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Lumine Group Inc. (LMN) carry?
The net debt of Lumine Group Inc. is $67.7M (fiscal year 2024, ≈ 0.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 7, 2026