LSI Software S.A. (LSI) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of LSI Software S.A. stock PLN 114, price PLN 37.90, upside +200.0%, quality 76 out of 100. Rating: strongly undervalued. Calculated from audited financials with 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 9.67 PLN – 61.80 PLN · fair‑value band 67.01 PLN – 147.81 PLN · the 37.90 PLN price screens below the 113.70 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
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LSI Software S.A. develops software for enterprise resource planning, retail chains, restaurants, hotels, gastronomy, sports and recreation facilities, and cinemas. The company offers implementation of professional B2B systems, as well as modern equipment, and consulting and maintenance services.
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LSI Software S.A. was founded in 1991 and is headquartered in Lódz, Poland.
Stock analysis
LSI Software S.A. (LSI) currently trades at 37.90 PLN, while our model-based Fair Value estimate is 113.70 PLN, implying the stock looks roughly 67% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 125.15 PLN per share, and 22 of the 26 models we run sit above the 37.90 PLN price.
Bear case: the Economic Profit group reads lowest at 59.62 PLN, and 4 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 67.01 PLN (bear) to 147.81 PLN (bull), the price of 37.90 PLN 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 76/100 (high quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
LSI Software S.A. reported revenue of 85.3M PLN in FY2025 versus 54.0M PLN in FY2021, a compound +12.1%/yr. Reported net income was 15.4M PLN in FY2025, compounding +24.3%/yr from FY2021.
Key figures
Market cap 115M PLN (≈ $29.3M) Micro · P/E ratio 6.4 · P/S ratio 1.25 · EPS (TTM) 5.88 PLN · Dividend yield 5.3% · Net margin 19.4% · Return on equity 30.8% · Return on assets (EBIT) 8.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 72 out of 100 (low confidence).
What moves the price
The share trades about 39% below its 52-week high and 43% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at 200%, LSI screens cheaper than that median.
Fair Value models
Bear67.01 PLNFair Value 113.70 PLNBull147.81 PLN
Price 37.90 PLN · Upside +200.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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 (3.33 PLN 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
+22.4%
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.
+14.1%
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.
+14.6%
Start year 2020 (pandemic). Over 10 years: +11.5% a year
Revenue growth 16 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.
+10.0%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+30.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+25.2%
Dividend (yield on the price)5.3%
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.20.7% vs 14.5%, picking up
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.4% → 18%
2025 sits 398% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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.
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).
−3.0%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Poland: IMF forecast 3.1% a year to 2030, 4.6% from 2016 to 2025) that is about −6.0% a year for the price.
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 · 621 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score76 · Top 25%
Fair Value upside+200.0% · Top 25%
Profitability
Return on equity (12 months)30.8% · Top 25%
Return on assets16.4% · Top 25%
Net margin (12 months)19.4% · Top 25%
Operating margin (12 months)5.5% · Below median
Growth and dividend
Revenue growth (quarter YoY)−10.8% · Bottom 25%
Dividend yield (12 months)5.3% · Top 25%
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Software - Application median · lower = cheaper
P/E (12 months)6.4× · Cheapest 25%
P/B1.64× · Cheaper than median
P/S (12 months)1.25× · Cheaper than median
Price / free cash flow (fiscal year)11.5× · Cheaper than median
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Is LSI Software S.A. (LSI) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 113.70 PLN versus a price of 37.90 PLN, about +200% upside (undervalued).
What is the fair value of LSI?
Our model-based fair value for LSI Software S.A. is 113.70 PLN (as of Nov 7, 2026), built from audited fundamentals. The current price: 37.90 PLN.
What is the quality score of LSI?
LSI Software S.A. has a Quality Score of 76/100. 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 LSI Software S.A. (LSI)?
Our model-based price target is the fair value of 113.70 PLN (as of Nov 7, 2026) from 26 valuation models. Cautious scenario 67.01 PLN, optimistic scenario 147.81 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the LSI Software S.A. stock forecast for 2026?
Our models put fair value at 113.70 PLN, about +200% upside versus a price of 37.90 PLN (undervalued). Cautious scenario 67.01 PLN, optimistic scenario 147.81 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of LSI Software S.A. (LSI)?
LSI Software S.A. reported trailing-twelve-month revenue of about 91.6M PLN (latest available figure, as of Nov 7, 2026).
Does LSI Software S.A. pay a dividend?
LSI Software S.A. currently shows a dividend yield of 5.28% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of LSI Software S.A. (LSI) and when is the ex-dividend date?
LSI Software S.A. pays a dividend of 2.00 PLN per share a year, a dividend yield of 5.3%. The last ex-dividend date was Jul 14, 2026. The payout ratio is 34.0% of earnings. Free cash flow covers the dividend 1.87 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into LSI Software S.A. (LSI)?
For today's price to be fair in a discounted-cash-flow model, LSI Software S.A. would have to grow free cash flow by -3.0 % per year for five years (discount rate 9.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.7 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of LSI use?
Our models discount LSI Software S.A. at 9.5 %: a base by market capitalisation (nano), damped by beta 0.59, country premium for Poland. 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 LSI Software S.A. that is -3.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.5 %) and the same formula as our fair value.
How much growth has LSI Software S.A. (LSI) delivered so far?
Over the past 5 years revenue at LSI Software S.A. grew +14.7 % a year. The price currently implies free-cash-flow growth of -3.0 % 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 LSI Software S.A. (LSI) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into LSI Software S.A. (-3.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of LSI Software S.A. (LSI)?
The free-cash-flow yield on the price is 8.71 %: that much free cash flow LSI Software S.A. produces per unit of market value. When it exceeds the discount rate of our models (9.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of LSI Software S.A. (LSI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For LSI Software S.A. it is 113.70 PLN per share (as of Nov 7, 2026), against a price of 37.90 PLN. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is LSI Software S.A. stock overvalued or undervalued in 2026?
As of Nov 7, 2026, LSI trades below its calculated fair value: price 37.90 PLN, fair value 113.70 PLN, a gap of about +200% (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 LSI?
No. The price is what the market pays today (37.90 PLN); the fair value is what the company's own numbers justify (113.70 PLN). For LSI Software S.A. the two are 75.80 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is LSI Software S.A. worth?
The market values LSI Software S.A. at about 115M PLN (market capitalisation, as of Nov 7, 2026). Per share that is 37.90 PLN; our models calculate a fair value of 113.70 PLN per share.
What do the bullish and bearish scenarios say about LSI?
Our models span a range for LSI Software S.A.: cautious scenario 67.01 PLN, base 113.70 PLN, optimistic 147.81 PLN per share (as of Nov 7, 2026, price 37.90 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of LSI?
LSI Software S.A. trades at a price-to-earnings ratio of 6.4 (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 113.70 PLN is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 8.9. Other multiples: P/B 1.6, P/S 1.3, EV/EBITDA 5.6.
How solid is the balance sheet of LSI Software S.A. (LSI)?
Balance-sheet figures for LSI Software S.A. (as of Nov 7, 2026): return on equity 30.8%, debt of 0.01 per unit of equity. They feed the Quality Score of 76/100, which measures business quality independently of the share price.
How far is LSI from its 52-week high?
LSI Software S.A. trades at 37.90 PLN, about 39% below its 52-week high of 61.80 PLN and 43% above the low of 26.57 PLN (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 113.70 PLN is for.
Which stocks are comparable to LSI Software S.A.?
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 LSI Software S.A. stock attractive at the current price?
The data as of Nov 7, 2026: price 37.90 PLN, calculated fair value 113.70 PLN (+200%), Quality Score 76/100, from 26 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 LSI calculated?
We run LSI Software S.A. through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 113.70 PLN 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. LSI Software S.A. currently trades 67% 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 LSI Software S.A. (LSI)?
The closing price on Nov 9, 2026 was 37.90 PLN. Our model-based fair value is 113.70 PLN, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with LSI Software S.A. right now?
The rarer combination: high quality (76/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (67.01 PLN). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (67.01 PLN to 147.81 PLN) leaves room in how you read the outcome.
Where does the earnings growth of LSI Software S.A. (LSI) come from?
Earnings per share at LSI Software S.A. grew +8.5 % a year from 2015 to 2025. Broken into its drivers: revenue per share +10.3 %, EBIT margin −3.1 %, tax rate +3.0 %, residual (interest, one-offs) −1.4 %. 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 LSI Software S.A.
How large is the market capitalisation of LSI Software S.A. (LSI)?
The market capitalisation of LSI Software S.A. is 115M PLN (≈ $29.3M). 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 LSI Software S.A. (LSI)?
The price-to-sales ratio of LSI Software S.A. is 1.25 (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 LSI Software S.A. (LSI)?
Earnings per share at LSI Software S.A. are 5.88 PLN (price ÷ EPS = P/E 6.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of LSI Software S.A. (LSI)?
The dividend yield of LSI Software S.A. is 5.3% (payout 34.0%). 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 LSI Software S.A. (LSI)?
The net margin of LSI Software S.A. is 19.4% (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 LSI Software S.A. (LSI)?
The return on equity (ROE) of LSI Software S.A. is 30.8% (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 LSI Software S.A. (LSI)?
On an EBIT basis the return on assets of LSI Software S.A. is 8.7% (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 LSI Software S.A. (LSI)?
The operating margin of LSI Software S.A. is 5.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at LSI Software S.A. (LSI)?
Revenue at LSI Software S.A. is growing −10.8% versus a year earlier (3y avg +14.1%). 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 LSI Software S.A. (LSI)?
Earnings per share at LSI Software S.A. are growing −68.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does LSI Software S.A. (LSI) hold?
LSI Software S.A. holds more cash than debt, 4.1M PLN net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 7, 2026