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Lime Technologies AB (LIME) Fair Value & Analysis

Technology · SE · Market cap 2.9B SEK

LT Lime Technologies AB LIME · ST
Pricekr 227.00
Fair Valuekr 167.64
Upside-26.2%
Quality70/100
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Healthy Growth
Solidly profitable · 15.0% net margin
Low debt · generates free cash flow
Mixed vs. peers (8/14)
Wide moat 74/100
Evidence: High Range kr 125.73 – kr 268.16 Share as image

Fair value as of: Jul 19, 2026

From 24 valuation models · updated 22 days ago

Share price +10.5% over the past month.

A solid business, but screening 26% overvalued on our models.

What matters now

  • A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • A fairly wide model range (kr 125.73 to kr 268.16) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

kr 418.45 kr 174.44 Fair Value kr 167.64 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range kr 174.44 – kr 418.45 · fair‑value band kr 125.73 – kr 268.16 · the kr 227.00 price screens above the kr 167.64 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Lime Technologies AB (LIME) currently trades at kr 227.00, while our model-based Fair Value estimate is kr 167.64, implying the stock looks roughly 26.2% overvalued today. The Quality Score stands at 70/100 (solid quality), in the Technology 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, Lime Technologies AB generated revenue of 759M SEK at a net margin of 15.0%. Revenue grew 6.0% year over year. It earns a return on equity of 31.5%. Net debt stands at 131M SEK. Fundamentals as of Jul 19, 2026

Our scenario range runs from kr 125.73 (bear case) to kr 268.16 (bull case); at kr 227.00, the current price sits within 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 46% below its 52-week high and 30% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at -26%, LIME screens cheaper 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 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
Highest evidence
Growth DCF kr 132.79 kr 266.24 kr 490.09 80
Residual Income kr 57.08 kr 79.55 kr 604.73 76
Rev-Margin DCF kr 110.22 kr 206.80 kr 345.28 74
All 24 models by family
DCF Models
FCF DCF kr 137.94 kr 242.57 kr 510.58 38
Owner Earnings kr 144.40 kr 302.91 kr 606.99 31
5Y Revenue Exit kr 110.22 kr 207.91 kr 356.15 39
5Y EBITDA Exit kr 151.02 kr 299.37 kr 511.11 41
5Y P/E Exit kr 123.91 kr 242.25 kr 388.57 38
10Y Revenue Exit kr 114.53 kr 217.06 kr 373.02 36
10Y EBITDA Exit kr 145.77 kr 287.70 kr 533.54 37
10Y P/E Exit kr 127.43 kr 240.76 kr 422.78 35
Earnings-Based
Graham-Dodd kr 57.00 kr 359.30 kr 501.96 54
Lynch FV kr 103.68 kr 148.11 kr 192.54 50
PEG = 1.0 kr 103.68 kr 148.11 kr 192.54 46
EPV kr 80.97 kr 94.18 kr 105.57 59
Multiples
P/E Multiple kr 125.73 kr 167.64 kr 209.55 63
P/S Multiple kr 105.17 kr 140.23 kr 175.29 58
P/B Multiple kr 60.68 kr 80.90 kr 101.13 55
EV/EBIT kr 145.23 kr 194.54 kr 243.85 53
EV/EBITDA kr 163.76 kr 219.24 kr 274.72 54
EV/Revenue kr 95.48 kr 137.54 kr 179.61 43
Asset-Based
NCAV (Graham) kr 13.48 kr 18.07 kr 26.97 50
Growth DCF
Growth DCF kr 132.79 kr 266.24 kr 490.09 80
Rev-Margin DCF kr 110.22 kr 206.80 kr 345.28 74
Economic Profit
Residual Income kr 57.08 kr 79.55 kr 604.73 76
ROIC Compounder kr 96.75 kr 133.56 kr 181.66 72
Growth Earnings
Growth-Adj P/E kr 144.39 kr 206.28 kr 268.16 68

Widest divergence: DCF Models (kr 242.25) versus Asset-Based (kr 18.07). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 759M SEK
Revenue growth (YoY) +6.0%
Net margin 15.0%
Return on equity 31.5%
Free cash flow 133M SEK FY2025
P/E ratio 24.1
More key figures
Operating margin 20.4%
EPS (TTM) kr 8.98
EPS growth (YoY) +8.6%
Net debt 131M SEK FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 69 · Market factors (momentum, volatility) 35

Profitability 75
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 39
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 83
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Lime Technologies AB reported revenue of kr 747M in FY2025 versus kr 404M in FY2021, a compound +16.6%/yr. Reported net income was kr 112M in FY2025, compounding +17.5%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
747M SEK
Latest YoY
+9.0%
Avg. growth/yr (3Y) 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.
+15.0%
Avg. growth/yr (5Y) 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.
+17.2%
Avg. growth/yr (10Y) 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.
+17.8%
Revenue +16.6%/yr
FY21 kr 404M
FY22 kr 492M
FY23 kr 577M
FY24 kr 686M
FY25 kr 747M
Net income +17.5%/yr
FY21 kr 58.7M
FY22 kr 67.8M
FY23 kr 83.4M
FY24 kr 89.4M
FY25 kr 112M
Character of growth · EPS growth decomposed (2015-2025) +16.6 % p.a.
Revenue per share +18.0 pp

of which total revenue +19.0 pp · buybacks/dilution −1.0 pp

EBIT margin −0.8 pp
Tax rate +0.4 pp
Residual (interest, one-offs) −1.1 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

LIME screens 26% overvalued. Compare with SAP SE →

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Cite: Fair Value Calculator (2026). "Lime Technologies AB Fair Value". https://www.fairvalue-calculator.com/stock/LIME

Peer Group

Software - Application · 709 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 70 · Top 25%
Fair Value upside −26% · Above median
Return on equity (TTM) 32% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 15% · Top 25%
Operating margin (TTM) 20% · Top 25%
Revenue growth 6% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.24× · Higher than median

Valuation Multiples vs Software - Application median · lower = cheaper

P/E (TTM) 24.1× · Cheaper than median
P/B 8.01× · Pricier than 75% of peers
P/S (TTM) 3.79× · Pricier than median
P/FCF 2.3× · Cheaper than median
EV/EBITDA 17.8× · 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 30 · sector 38
PAST 100 · sector 13
HEALTH 88 · sector 98
DIVIDEND 0 · sector 28

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 Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAPS C$12.69 C$16.26 +28%
Shopify Inc SHOP C$173.23 C$20.54 -88%
Uber Technologies, Inc UBER $72.67 $51.11 -30%
Salesforce, Inc CRM $170.77 $182.10 +7%
ServiceNow, Inc NOW $107.71 $33.12 -69%
Cadence Design Systems, Inc CDNS $384.17 $80.41 -79%
Snowflake Inc SNOW $271.87 $34.04 -87%
Adobe Inc ADBE $230.61 $379.48 +65%
Automatic Data Processing, Inc ADP $241.92 $177.51 -27%
Intuit Inc INTU $291.09 $258.69 -11%

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Frequently asked questions

Is Lime Technologies AB (LIME) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of kr 167.64 versus a price of kr 227.00, about −26% (overvalued).
What is the fair value of LIME?
Our model-based fair value for Lime Technologies AB is kr 167.64 (as of Jul 19, 2026), built from audited fundamentals. The current price is kr 227.00.
What is the quality score of LIME?
Lime Technologies AB 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 revenue of Lime Technologies AB (LIME)?
Lime Technologies AB reported trailing-twelve-month revenue of about 759M SEK (latest available figure, as of Jul 19, 2026).
What is the net profit margin of LIME?
The net profit margin of Lime Technologies AB is about 15.0%, meaning it keeps roughly 15.0% of revenue as net income. Based on the latest reported figures.
Does Lime Technologies AB pay a dividend?
Lime Technologies AB currently shows a dividend yield of about 1.99% relative to its recent price (as of Jul 19, 2026).

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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