Lastminute.com NV (LMN) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Lastminute.com NV stock CHF 25.47, price CHF 9.62, upside +164.8%, quality 51 out of 100. Rating: strongly undervalued. 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
60‑month range CHF 9.00 – CHF 43.70 · fair‑value band CHF 19.23 – CHF 31.71 · the CHF 9.62 price screens below the CHF 25.47 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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lastminute.com N.V., together with its subsidiaries, operates in the online travel industry providing dynamic holiday packages in the United Kingdom, Germany, France, Spain and Italy, and internationally. The company offers B2C platform, B2B platform, and online travel agency platforms.
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It operates websites and mobile apps in various languages, which enable travelers to search, compare, book flights, train tickets, hotels, car rentals, and other travel products, and services.
The company sells its products under the lastminute.com, Volagratis, weg.de, Bravofly, Rumbo, Jetcost, Hotelscan, and Forward brand names.
The company was formerly known as Bravofly Rumbo Group N.V. and changed its name to lastminute.com N.V. in May 2015. lastminute.com N.V. was founded in 1998 and is based in Amsterdam, the Netherlands.
Stock analysis
Lastminute.com NV (LMN) currently trades at CHF 9.62, while our model-based Fair Value estimate is CHF 25.47, implying the stock looks roughly 62% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of CHF 42.79 per share, and 21 of the 24 models we run sit above the CHF 9.62 price.
Bear case: the Dividend Discount group reads lowest at CHF 4.16, and 3 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: CHF 19.23 (bear) to CHF 31.71 (bull), the price of CHF 9.62 sits below 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 51/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Lastminute.com NV reported revenue of €364M in FY2025 versus €143M in FY2021, a compound +26.4%/yr. Reported net income was €11.5M in FY2025.
Key figures
Market cap CHF 102M Micro · P/E ratio 34.4 · P/S ratio 0.31 · EPS (TTM) CHF 0.2800 · Dividend yield 4.2% · Net margin 0.9% · Return on equity 6.3% · Return on assets (EBIT) 2.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 37% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 13% fair-value upside, at 165%, LMN screens cheaper than that median.
Fair Value models
BearCHF 19.23Fair Value CHF 25.47BullCHF 31.71
Price CHF 9.62 · Upside +164.8%
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 (CHF 0.2393 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.90/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+15.9%
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.
+7.3%
Revenue growth 5 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.
+28.2%
Start year 2020 (pandemic). Over 10 years: +3.8% a year
Revenue growth 14 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.
+16.2%
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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.
−9.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−13.7%
Dividend (yield on the price)4.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−13.7% vs 8.0%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−63% → 5%
Pace: the 5-year rate starts in 2020 (pandemic)
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).
−16.5%
The company could shrink this much every year for the next five years and today's price would still be justified.
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.
+6.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in EUR, euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about −18.3% a year for the price and +4.5% for the forecasts.
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.Travel Services · 87 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score51 · Below median
Fair Value upside+164.8% · Top 25%
Profitability
Return on equity (12 months)6.3% · Below median
Return on assets2.4% · Below median
Net margin (12 months)0.9% · Bottom 25%
Operating margin (12 months)1.5% · Below median
Growth and dividend
Revenue growth (quarter YoY)−4.3% · Below median
Dividend yield (12 months)4.2% · Above median
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Travel Services median · lower = cheaper
P/E (12 months)34.4× · Pricier than median
P/B1.96× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
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). "Lastminute.com NV Fair Value". https://www.fairvalue-calculator.com/stock/LMN.SW
Frequently asked questions
Is Lastminute.com NV (LMN) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of CHF 25.47 versus a price of CHF 9.62, about +165% upside (undervalued).
What is the fair value of LMN?
Our model-based fair value for Lastminute.com NV is CHF 25.47 (as of Nov 7, 2026), built from audited fundamentals. The current price: CHF 9.62.
What is the quality score of LMN?
Lastminute.com NV has a Quality Score of 51/100. 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 Lastminute.com NV (LMN)?
Our model-based price target is the fair value of CHF 25.47 (as of Nov 7, 2026) from 24 valuation models. Cautious scenario CHF 19.23, optimistic scenario CHF 31.71. It is a calculation from audited fundamentals, not an analyst target.
What is the Lastminute.com NV stock forecast for 2026?
Our models put fair value at CHF 25.47, about +165% upside versus a price of CHF 9.62 (undervalued). Cautious scenario CHF 19.23, optimistic scenario CHF 31.71. The calculation is refreshed regularly with new filings.
What is the revenue of Lastminute.com NV (LMN)?
Lastminute.com NV reported trailing-twelve-month revenue of about €365M (latest available figure, as of Nov 7, 2026).
Does Lastminute.com NV pay a dividend?
Lastminute.com NV currently shows a dividend yield of 4.18% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Lastminute.com NV (LMN)?
Lastminute.com NV has a dividend yield of 4.2%.
What growth is priced into Lastminute.com NV (LMN)?
For today's price to be fair in a discounted-cash-flow model, Lastminute.com NV would have to grow free cash flow by -16.5 % per year for five years (discount rate 13.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +28.2 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of LMN use?
Our models discount Lastminute.com NV at 13.1 %: a base by market capitalisation (micro), damped by beta 1.20, country premium for Switzerland. 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 Lastminute.com NV that is -16.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.1 %) and the same formula as our fair value.
How much growth has Lastminute.com NV (LMN) delivered so far?
Over the past 5 years revenue at Lastminute.com NV grew +28.2 % a year. The price currently implies free-cash-flow growth of -16.5 % 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 Lastminute.com NV (LMN) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Lastminute.com NV (-16.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Lastminute.com NV (LMN)?
The free-cash-flow yield on the price is 27.25 %: that much free cash flow Lastminute.com NV produces per unit of market value. When it exceeds the discount rate of our models (13.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Lastminute.com NV (LMN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lastminute.com NV it is CHF 25.47 per share (as of Nov 7, 2026), against a price of CHF 9.62. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is Lastminute.com NV stock overvalued or undervalued in 2026?
As of Nov 7, 2026, LMN trades below its calculated fair value: price CHF 9.62, fair value CHF 25.47, a gap of about +165% (undervalued). 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 (CHF 9.62); the fair value is what the company's own numbers justify (CHF 25.47). For Lastminute.com NV the two are CHF 15.85 per share apart. That gap is exactly why we show both numbers side by side.
How much is Lastminute.com NV worth?
The market values Lastminute.com NV at about CHF 102M (market capitalisation, as of Nov 7, 2026). Per share that is CHF 9.62; our models calculate a fair value of CHF 25.47 per share.
What do the bullish and bearish scenarios say about LMN?
Our models span a range for Lastminute.com NV: cautious scenario CHF 19.23, base CHF 25.47, optimistic CHF 31.71 per share (as of Nov 7, 2026, price CHF 9.62). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of LMN?
Lastminute.com NV trades at a price-to-earnings ratio of 34.4 (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 CHF 25.47 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2016 to 2025), reported earnings: 18.8. Other multiples: P/B 2.0, P/S 0.3, EV/EBITDA 2.4.
How solid is the balance sheet of Lastminute.com NV (LMN)?
Balance-sheet figures for Lastminute.com NV (as of Nov 7, 2026): return on equity 6.3%, debt of 0.01 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is LMN from its 52-week high?
Lastminute.com NV trades at CHF 9.62, about 37% below its 52-week high of CHF 15.29 and 7% above the low of CHF 9.00 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of CHF 25.47 is for.
Which stocks are comparable to Lastminute.com NV?
From the same area (Consumer Cyclical) we also value Booking Holdings, Airbnb, Inc, Royal Caribbean Cruises Ltd, Viking Holdings, 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 Lastminute.com NV stock attractive at the current price?
The data as of Nov 7, 2026: price CHF 9.62, calculated fair value CHF 25.47 (+165%), Quality Score 51/100, 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 Lastminute.com NV through 24 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of CHF 25.47 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 13.0% above its aggregate fair value. Lastminute.com NV currently trades 62% 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 Lastminute.com NV (LMN)?
The closing price on Nov 6, 2026 was CHF 9.62. Our model-based fair value is CHF 25.47, about +165% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lastminute.com NV right now?
The price is below even our cautious bear case (CHF 19.23). The market is more pessimistic than our downside scenario. Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Lastminute.com NV (LMN) come from?
Earnings per share at Lastminute.com NV grew +8.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +8.8 %, EBIT margin +2.0 %, tax rate −0.6 %, residual (interest, one-offs) −1.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Lastminute.com NV
How large is the market capitalisation of Lastminute.com NV (LMN)?
The market capitalisation of Lastminute.com NV is CHF 102M. 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 Lastminute.com NV (LMN)?
The price-to-sales ratio of Lastminute.com NV is 0.31 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Lastminute.com NV (LMN)?
Earnings per share at Lastminute.com NV are CHF 0.2800 (price ÷ EPS = P/E 34.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Lastminute.com NV (LMN)?
The dividend yield of Lastminute.com NV is 4.2% (payout 144%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Lastminute.com NV (LMN)?
The net margin of Lastminute.com NV is 0.9% (last twelve months). 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 Lastminute.com NV (LMN)?
The return on equity (ROE) of Lastminute.com NV is 6.3% (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 Lastminute.com NV (LMN)?
On an EBIT basis the return on assets of Lastminute.com NV is 2.5% (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 Lastminute.com NV (LMN)?
The operating margin of Lastminute.com NV is 1.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lastminute.com NV (LMN)?
Revenue at Lastminute.com NV is growing −4.3% versus a year earlier (3y avg +7.3%). 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 Lastminute.com NV (LMN)?
Earnings per share at Lastminute.com NV are growing +1.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Lastminute.com NV (LMN) hold?
Lastminute.com NV holds more cash than debt, €54.3M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 7, 2026