Lime Technologies AB (publ) (LIME) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Lime Technologies AB (publ) SEK 263, price SEK 237, upside +11.2%, quality 70 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range kr 174.44 – kr 418.45 · fair‑value band kr 157.80 – kr 432.16 · the kr 236.50 price screens below the kr 262.90 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Lime Technologies AB (publ) software as a service (SaaS) based customer relationship management (CRM) solutions in the Nordic region. It engages in development, distribution, and sale of CRM systems and other customer management platforms, as well as offers consulting services.
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Lime Technologies AB (publ) software as a service (SaaS) based customer relationship management (CRM) solutions in the Nordic region. It engages in development, distribution, and sale of CRM systems and other customer management platforms, as well as offers consulting services. The company also provides Lime CRM, an industry-specific solution; Lime Go, a sales solution; Lime Connect; and Lime Intenz that includes change management, sales training, customer care, and customized solutions. It offers CRM solutions for utility, real estate, membership, wholesale, manufacturing and industry, consulting, machinery, construction, and sports companies. The company was formerly known as Lundalogik AB and changed its name to Lime Technologies AB (publ) in March 2018. The company was founded in 1990 and is headquartered in Lund, Sweden.
Stock analysis
Lime Technologies AB (publ) (LIME) currently trades at kr 236.50, while our model-based Fair Value estimate is kr 262.90, implying the stock looks roughly 10.0% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 242.58 per share, and 8 of the 24 models we run sit above the kr 236.50 price.
Bear case: the Economic Profit group reads lowest at kr 61.98, and 16 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: kr 157.80 (bear) to kr 432.16 (bull), the price of kr 236.50 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 70/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Lime Technologies AB (publ) reported revenue of 747M SEK in FY2025 versus 404M SEK in FY2021, a compound +16.6%/yr. Reported net income was 112M SEK in FY2025, compounding +17.5%/yr from FY2021.
Key figures
Market cap 3.2B SEK (≈ $319M) · P/E ratio 26.3 · P/S ratio 3.94 · EPS (TTM) kr 8.98 · Net margin 14.9% · Return on equity 31.5% · Return on assets (EBIT) 14.5% · Operating margin 20.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
The share trades about 35% below its 52-week high and 34% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −14% fair-value upside, at 11%, LIME screens cheaper than that median.
Fair Value models
Bear kr 157.80Fair Value kr 262.90Bull kr 432.16
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (kr 6.59 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.Evidence ⓘEvidence = 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
+9.0%
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.
+15.0%
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.
+17.2%
Start year 2020 (pandemic). Over 10 years: +17.8% a year
Revenue growth 10 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.
+17.8%
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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.
+13.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.6%
Dividend (yield on the price)0.0%
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.14% vs 16%, steady
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.25% → 20%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as the company has delivered so far and more 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).
+16.6%
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.
+8.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about +14.3% a year for the price and +6.5% for the forecasts.
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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 · 721 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside+10% · Above median
Profitability
Return on equity (TTM)32% · Top 25%
Return on assets10% · Top 25%
Net margin (TTM)15% · Top 25%
Operating margin (TTM)20% · Top 25%
Growth and dividend
Revenue growth6% · Below median
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity0.24× · Above median
Valuation Multiplesvs Software - Application median · lower = cheaper
P/E (TTM)26.3× · Cheaper than median
P/B8.90× · 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). "Lime Technologies AB (publ) Fair Value". https://www.fairvalue-calculator.com/stock/LIME
Frequently asked questions
Is Lime Technologies AB (publ) (LIME) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 262.90 versus a price of kr 236.50, about +11% upside (undervalued).
What is the fair value of LIME?
Our model-based fair value for Lime Technologies AB (publ) is kr 262.90 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 236.50.
What is the quality score of LIME?
Lime Technologies AB (publ) has a Quality Score of 70/100. 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 Lime Technologies AB (publ) (LIME)?
Our model-based price target is the fair value of kr 262.90 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario kr 157.80, optimistic scenario kr 432.16. It is a calculation from audited fundamentals, not an analyst target.
What is the Lime Technologies AB (publ) stock forecast for 2026?
Our models put fair value at kr 262.90, about +11% upside versus a price of kr 236.50 (undervalued). Cautious scenario kr 157.80, optimistic scenario kr 432.16. The calculation is refreshed regularly with new filings.
What is the revenue of Lime Technologies AB (publ) (LIME)?
Lime Technologies AB (publ) reported trailing-twelve-month revenue of about 759M SEK (latest available figure, as of Sep 24, 2026).
What growth is priced into Lime Technologies AB (publ) (LIME)?
For today's price to be fair in a discounted-cash-flow model, Lime Technologies AB (publ) would have to grow free cash flow by +16.6 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +17.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of LIME use?
Our models discount Lime Technologies AB (publ) at 11.0 %: a base by market capitalisation (micro), damped by beta 0.30, country premium for Sweden. 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 Lime Technologies AB (publ) that is +16.6 % per year a year over ten years, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has Lime Technologies AB (publ) (LIME) delivered so far?
Over the past 5 years revenue at Lime Technologies AB (publ) grew +17.2 % a year. The price currently implies +16.6 % per year free-cash-flow growth a 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 Lime Technologies AB (publ) (LIME) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Lime Technologies AB (publ) (+16.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Lime Technologies AB (publ) (LIME)?
The free-cash-flow yield on the price is 4.22 %: that much free cash flow Lime Technologies AB (publ) produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Lime Technologies AB (publ) (LIME)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lime Technologies AB (publ) it is kr 262.90 per share (as of Sep 24, 2026), against a price of kr 236.50. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Lime Technologies AB (publ) stock overvalued or undervalued in 2026?
As of Sep 24, 2026, LIME trades below its calculated fair value: price kr 236.50, fair value kr 262.90, a gap of about +11% (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 LIME?
No. The price is what the market pays today (kr 236.50); the fair value is what the company's own numbers justify (kr 262.90). For Lime Technologies AB (publ) the two are kr 26.40 per share apart. That gap is exactly why we show both numbers side by side.
How much is Lime Technologies AB (publ) worth?
The market values Lime Technologies AB (publ) at about 3.2B SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 236.50; our models calculate a fair value of kr 262.90 per share.
What do the bullish and bearish scenarios say about LIME?
Our models span a range for Lime Technologies AB (publ): cautious scenario kr 157.80, base kr 262.90, optimistic kr 432.16 per share (as of Sep 24, 2026, price kr 236.50). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of LIME?
Lime Technologies AB (publ) trades at a price-to-earnings ratio of 26.3 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 262.90 is built from several models across several years. Other multiples: P/B 8.9, P/S 4.2, EV/EBITDA 19.7.
How solid is the balance sheet of Lime Technologies AB (publ) (LIME)?
Balance-sheet figures for Lime Technologies AB (publ) (as of Sep 24, 2026): return on equity 31.5%, debt of 0.24 per unit of equity. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is LIME from its 52-week high?
Lime Technologies AB (publ) trades at kr 236.50, about 35% below its 52-week high of kr 361.35 and 34% above the low of kr 176.22 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 262.90 is for.
Which stocks are comparable to Lime Technologies AB (publ)?
From the same area (Technology) we also value SAP SE, Shopify Inc, Uber Technologies, Inc, Salesforce, 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 Lime Technologies AB (publ) stock attractive at the current price?
The data as of Sep 24, 2026: price kr 236.50, calculated fair value kr 262.90 (+11%), Quality Score 70/100, 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 LIME calculated?
We run Lime Technologies AB (publ) through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 262.90, 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. Lime Technologies AB (publ) currently trades 11 % 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 Lime Technologies AB (publ) (LIME)?
The closing price on Sep 24, 2026 was kr 236.50. Our model-based fair value is kr 262.90, about +11% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lime Technologies AB (publ) right now?
The model range is unusually wide (kr 157.80 to kr 432.16). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Where does the earnings growth of Lime Technologies AB (publ) (LIME) come from?
Earnings per share at Lime Technologies AB (publ) grew +16.6 % a year from 2015 to 2025. Broken into its drivers: revenue per share +18.0 %, EBIT margin −0.8 %, tax rate +0.4 %, residual (interest, one-offs) −0.8 %. 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 Lime Technologies AB (publ)
How large is the market capitalisation of Lime Technologies AB (publ) (LIME)?
The market capitalisation of Lime Technologies AB (publ) is 3.2B SEK (≈ $319M). 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 Lime Technologies AB (publ) (LIME)?
The price-to-sales ratio of Lime Technologies AB (publ) is 3.94 (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 Lime Technologies AB (publ) (LIME)?
Earnings per share at Lime Technologies AB (publ) are kr 8.98 (price ÷ EPS = P/E 26.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Lime Technologies AB (publ) (LIME)?
The net margin of Lime Technologies AB (publ) is 14.9% (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 Lime Technologies AB (publ) (LIME)?
The return on equity (ROE) of Lime Technologies AB (publ) is 31.5% (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 Lime Technologies AB (publ) (LIME)?
On an EBIT basis the return on assets of Lime Technologies AB (publ) is 14.5% (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 Lime Technologies AB (publ) (LIME)?
The operating margin of Lime Technologies AB (publ) is 20.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lime Technologies AB (publ) (LIME)?
Revenue at Lime Technologies AB (publ) is growing +6.0% versus a year earlier (3y avg +15.0%). 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 Lime Technologies AB (publ) (LIME)?
Earnings per share at Lime Technologies AB (publ) are growing +8.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Lime Technologies AB (publ) (LIME) carry?
The net debt of Lime Technologies AB (publ) is 131M SEK (fiscal year 2025, ≈ 1.0 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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