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Lumibird SA (LBIRD) Fair Value & Analysis

Healthcare · FR · Market cap €583M

LS Lumibird SA LBIRD · PA
Price€27.00
Fair Value€10.02
Upside-62.9%
Quality60/100
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Mixed Growth
Thin margins · 6.1% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (6/14)
Narrow moat 44/100
Evidence: High Range €7.22 – €15.86 Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 24 days ago

Fair value updated Jul 16, 2026, revised from €10.12 to €10.02 (−1.0%) since Jun 24, 2026. Share price +2.1% over the past month.

A solid business, but screening 63% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€15.86). The favourable scenario is already priced in.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (€7.22 to €15.86) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€28.10 €6.69 Fair Value €10.02 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range €6.69 – €28.10 · fair‑value band €7.22 – €15.86 · the €27.00 price screens above the €10.02 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Lumibird SA (LBIRD) currently trades at €27.00, while our model-based Fair Value estimate is €10.02, implying the stock looks roughly 62.9% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Healthcare sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Lumibird SA generated revenue of €229M at a net margin of 6.1%. Revenue grew 8.5% year over year. It earns a return on equity of 6.9%. Net debt stands at €84.6M. Fundamentals as of Jul 16, 2026

Our scenario range runs from €7.22 (bear case) to €15.86 (bull case); at €27.00, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 2% below its 52-week high and 111% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -48% fair-value upside, at -63%, LBIRD screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF €0.7600 €2.62 €5.25 80
Residual Income €7.18 €7.45 €7.43 76
Rev-Margin DCF €5.18 €11.76 €20.12 74
All 26 models by family
DCF Models
FCF DCF €0.8000 €2.90 €6.04 38
Owner Earnings €5.58 €10.70 €18.39 31
5Y Revenue Exit €5.18 €12.04 €21.47 39
5Y EBITDA Exit €9.99 €21.82 €36.77 41
5Y P/E Exit €4.13 €9.92 €16.51 38
10Y Revenue Exit €3.09 €8.66 €17.31 36
10Y EBITDA Exit €6.30 €15.15 €28.85 37
10Y P/E Exit €2.76 €7.25 €13.58 35
Earnings-Based
Graham-Dodd €4.31 €19.11 €26.16 54
Lynch FV €4.95 €7.07 €9.20 50
PEG = 1.0 €4.95 €7.07 €9.20 46
EPV €5.02 €6.05 €6.91 59
Dividend Discount
Gordon GGM €29.84 €53.78 €74.03 70
DDM Multi-Stage €29.84 €49.12 €57.45 61
Multiples
P/E Multiple €9.52 €12.69 €15.86 63
P/S Multiple €8.09 €10.79 €13.48 58
P/B Multiple €8.09 €10.79 €13.48 55
EV/EBIT €13.22 €18.46 €23.71 53
EV/EBITDA €17.35 €23.96 €30.58 54
EV/Revenue €8.10 €12.64 €17.18 43
Asset-Based
NCAV (Graham) €4.67 €6.26 €9.35 50
Growth DCF
Growth DCF €0.7600 €2.62 €5.25 80
Rev-Margin DCF €5.18 €11.76 €20.12 74
Economic Profit
Residual Income €7.18 €7.45 €7.43 76
ROIC Compounder €5.02 €6.05 €6.91 72
Growth Earnings
Growth-Adj P/E €7.91 €11.30 €14.69 68

Widest divergence: Dividend Discount (€49.12) versus Growth DCF (€2.62). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €229M
Revenue growth (YoY) +8.5%
Net margin 6.1%
Return on equity 6.9%
Free cash flow €7.0M FY2025
P/E ratio 41.9
More key figures
Operating margin 13.4%
EPS (TTM) €0.6400
EPS growth (YoY) +58.5%
Net debt €84.6M FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 58 · Market factors (momentum, volatility) 71

Profitability 40
Margins and returns on capital today
Quality Growth 77
Are margins and returns improving?
Cashflow 37
Earnings quality: real cash, not paper profit
Fin. Strength 63
Balance sheet, leverage, solvency risk
Investment 79
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 74
Price trend over the last 3–12 months (market factor)
52W Momentum 86
Distance to the 52-week high (market factor)
Net Issuance 71
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Lumibird SA designs, manufactures, and sells various lasers for scientific, industrial, and medical applications in France, Hong Kong, the United States, Germany, South Korea, China, and Austria. The company operates through Photonics and Medical divisions.

Full company description

Lumibird SA designs, manufactures, and sells various lasers for scientific, industrial, and medical applications in France, Hong Kong, the United States, Germany, South Korea, China, and Austria. The company operates through Photonics and Medical divisions. It offers fiber lasers and amplifiers, high power fiber lasers, and solid-state lasers, laser diodes and components; and doppler wind LiDAR, time-of-flight LiDAR and rangefinders, military laser rangefinders, and medical and ophthalmological solutions. The company serves defense and space, environment, topography and safety, industry and science, and science and healthcare industries. Lumibird SA was incorporated in 1970 and is headquartered in Lannion, France. Lumibird SA is a subsidiary of ESIRA.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Lumibird SA reported revenue of €229M in FY2025 versus €162M in FY2021, a compound +8.9%/yr. Reported net income was €14.0M in FY2025, compounding +0.3%/yr from FY2021.

Growth Quality 72/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€229M
Latest YoY
+8.8%
Avg. growth/yr (3Y)
+5.6%
Avg. growth/yr (5Y)
+12.0%
Avg. growth/yr (25Y)
+0.8%
Revenue +8.9%/yr
FY21 €162M
FY22 €194M
FY23 €207M
FY24 €210M
FY25 €229M
Net income +0.3%/yr
FY21 €13.9M
FY22 €11.4M
FY23 €7.1M
FY24 €5.7M
FY25 €14.0M

LBIRD screens 63% overvalued. Compare with Thermo Fisher Scientific Inc →

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Cite: Fair Value Calculator (2026). "Lumibird SA Fair Value". https://www.fairvalue-calculator.com/stock/LBIRD

Peer Group

Diagnostics & Research · 136 stocks

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.

Quality Score 60 · Above median
Fair Value upside −63% · Below median
Return on equity (TTM) 7% · Above median
Return on assets 4% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 13% · Above median
Revenue growth 9% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.57× · Higher than 75% of peers

Valuation Multiples vs Diagnostics & Research median · lower = cheaper

P/E (TTM) 41.3× · Pricier than median
P/B 3.26× · Pricier than median
P/S (TTM) 2.95× · Pricier than median
P/FCF 96.2× · Pricier than 75% of peers
EV/EBITDA 22.5× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 43 · sector 27
PAST 28 · sector 10
HEALTH 72 · sector 96
DIVIDEND 0 · sector 21

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Diagnostics & Research stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Thermo Fisher Scientific Inc TMO $543.19 $308.19 -43%
Danaher Corporation DHR $199.66 $103.88 -48%
WuXi AppTec Co 2359 HK$160.70 HK$125.20 -22%
Lonza Group LONN CHF 567.80 CHF 259.80 -54%
IDEXX Laboratories, Inc IDXX $567.44 $255.77 -55%
Agilent Technologies, Inc A $131.46 $62.70 -52%
Waters Corporation WAT $368.98 $121.96 -67%
IQVIA Holdings IQV $207.85 $134.18 -35%
Integrated Diagnostics Holdings IDHC $0.0050 $0.0053 +5%
Illumina, Inc ILMN $186.65 $95.51 -49%

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Frequently asked questions

Is Lumibird SA (LBIRD) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of €10.02 versus a price of €27.00, about −63% (overvalued).
What is the fair value of LBIRD?
Our model-based fair value for Lumibird SA is €10.02 (as of Jul 16, 2026), built from audited fundamentals. The current price is €27.00.
What is the quality score of LBIRD?
Lumibird SA has a Quality Score of 60/100. 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 revenue of Lumibird SA (LBIRD)?
Lumibird SA reported trailing-twelve-month revenue of about €229M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of LBIRD?
The net profit margin of Lumibird SA is about 6.1%, meaning it keeps roughly 6.1% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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