Lemon Sistemi (LS) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Lemon Sistemi €0.29, price €1.50, upside -80.7%, quality 37 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Weakest SetupStrongly overvalued and low quality.
!Fair value €0.2900 · Strongly overvalued (−81%)
!Quality 37/100
!Weak Growth(revenue 3y −16.3 %/yr)
!Thin margins · 0.0% net margin (TTM)
!Low debt · negative free cash flow
✓Ranks above peers(7/11)
!Narrow moat24/100
!Evidence only low, so the estimate is less certain
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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 23, 2026.
How to read this chart
33‑month range €1.23 – €3.00 · fair‑value band €0.1900 – €0.2900 · the €1.50 price screens above the €0.2900 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Lemon Sistemi S.p.A. designs, constructs, and installs photovoltaic systems and solar thermal systems. It engages in the design and implementation of B2C and B2B photovoltaic systems; and the design and construction of photovoltaic parks, as well as engages in co-development activities for utility-scale battery energy storage systems (BESS).
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Lemon Sistemi S.p.A. designs, constructs, and installs photovoltaic systems and solar thermal systems. It engages in the design and implementation of B2C and B2B photovoltaic systems; and the design and construction of photovoltaic parks, as well as engages in co-development activities for utility-scale battery energy storage systems (BESS). The company was founded in 2009 and is based in Balestrate, Italy.
Stock analysis
Lemon Sistemi (LS) currently trades at €1.50, while our model-based Fair Value estimate is €0.2900, implying the stock looks roughly 417.3% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €0.7000 per share, and 0 of the 8 models we run sit above the €1.50 price.
Bear case: the Economic Profit group reads lowest at €0.2300, and 8 of the 8 models stay below the price. Evidence for this calculation is low.
Scenario range: €0.1900 (bear) to €0.2900 (bull), the price of €1.50 sits above 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 37/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Lemon Sistemi reported revenue of €7.4M in FY2025 versus €4.8M in FY2021, a compound +11.8%/yr. Reported net income was €2.0K in FY2025, compounding −78.8%/yr from FY2021.
Key figures
Market cap €12.9M · P/S ratio 1.62 · Net margin 0.0% · Return on equity 0.0% · Return on assets (EBIT) 15.8% · Operating margin 8.4% · Revenue (TTM) €7.8M · Revenue growth (YoY) +39.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).
What moves the price
The share trades about 26% below its 52-week high and 22% 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 −81%, LS screens richer than that median.
Fair Value models
Bear €0.1900Fair Value €0.2900Bull €0.2900
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.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.20/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+45.3%
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.
−16.3%
’21
’22
’23
’24
’25
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.
−71.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−71.1%
Dividend (yield on the price)0.0%
Profit margin 2021 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.30% → 6%
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.Solar · 113 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score37 · Below median
Fair Value upside−81% · Bottom 25%
Profitability
Return on equity (TTM)0% · Above median
Return on assets5% · Top 25%
Net margin (TTM)0% · Above median
Operating margin (TTM)8% · Above median
Growth and dividend
Revenue growth40% · Top 25%
Balance sheet
Debt / equity0.35× · Below median
Valuation Multiplesvs Solar median · lower = cheaper
P/B2.10× · Pricier than median
P/S (TTM)1.95× · Pricier than median
EV/EBITDA10.8× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 23
FUTURE (revenue growth)100· sector 0
PAST (return on equity)0· sector 0
HEALTH (low debt)82· sector 81
DIVIDEND (yield)0· sector 30
VALUE 0: the price sits above our fair-value range.
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). "Lemon Sistemi Fair Value". https://www.fairvalue-calculator.com/stock/LS
Frequently asked questions
Is Lemon Sistemi (LS) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €0.2900 versus a price of €1.50, about −81% upside (overvalued).
What is the fair value of LS?
Our model-based fair value for Lemon Sistemi is €0.2900 (as of Sep 23, 2026), built from audited fundamentals. The current price: €1.50.
What is the quality score of LS?
Lemon Sistemi has a Quality Score of 37/100. 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 Lemon Sistemi (LS)?
Our model-based price target is the fair value of €0.2900 (as of Sep 23, 2026) from 10 valuation models. Cautious scenario €0.1900, optimistic scenario €0.2900. It is a calculation from audited fundamentals, not an analyst target.
What is the Lemon Sistemi stock forecast for 2026?
Our models put fair value at €0.2900, about −81% upside versus a price of €1.50 (overvalued). Cautious scenario €0.1900, optimistic scenario €0.2900. The calculation is refreshed regularly with new filings.
What is the revenue of Lemon Sistemi (LS)?
Lemon Sistemi reported trailing-twelve-month revenue of about €7.8M (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Lemon Sistemi (LS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lemon Sistemi it is €0.2900 per share (as of Sep 23, 2026), against a price of €1.50. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Lemon Sistemi stock overvalued or undervalued in 2026?
As of Sep 23, 2026, LS trades above its calculated fair value: price €1.50, fair value €0.2900, a gap of about −81% (overvalued). 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 LS?
No. The price is what the market pays today (€1.50); the fair value is what the company's own numbers justify (€0.2900). For Lemon Sistemi the two are €1.21 per share apart. That gap is exactly why we show both numbers side by side.
How much is Lemon Sistemi worth?
The market values Lemon Sistemi at about €12.9M (market capitalisation, as of Sep 23, 2026). Per share that is €1.50; our models calculate a fair value of €0.2900 per share.
What do the bullish and bearish scenarios say about LS?
Our models span a range for Lemon Sistemi: cautious scenario €0.1900, base €0.2900, optimistic €0.2900 per share (as of Sep 23, 2026, price €1.50). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Lemon Sistemi (LS)?
Balance-sheet figures for Lemon Sistemi (as of Sep 23, 2026): return on equity 0.0%, debt of 0.35 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is LS from its 52-week high?
Lemon Sistemi trades at €1.50, about 26% below its 52-week high of €2.02 and 22% above the low of €1.23 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of €0.2900 is for.
Which stocks are comparable to Lemon Sistemi?
From the same area (Technology) we also value First Solar, Inc, Nextpower Inc, Tongwei Co, Waaree Energies Limited, 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 Lemon Sistemi stock attractive at the current price?
The data as of Sep 23, 2026: price €1.50, calculated fair value €0.2900 (−81%), Quality Score 37/100, from 10 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 LS calculated?
We run Lemon Sistemi through 10 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 €0.2900, 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. Lemon Sistemi itself currently trades above fair value. 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 Lemon Sistemi (LS)?
The closing price on Sep 24, 2026 was €1.50. Our model-based fair value is €0.2900, about −81% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lemon Sistemi right now?
The price sits above even our optimistic bull case (€0.2900). The favourable scenario is already priced in. Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Lemon Sistemi
How large is the market capitalisation of Lemon Sistemi (LS)?
The market capitalisation of Lemon Sistemi is €12.9M. 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 Lemon Sistemi (LS)?
The price-to-sales ratio of Lemon Sistemi is 1.62 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Lemon Sistemi (LS)?
The net margin of Lemon Sistemi is 0.0% (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 Lemon Sistemi (LS)?
The return on equity (ROE) of Lemon Sistemi is 0.0% (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 Lemon Sistemi (LS)?
On an EBIT basis the return on assets of Lemon Sistemi is 15.8% (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 Lemon Sistemi (LS)?
The operating margin of Lemon Sistemi is 8.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lemon Sistemi (LS)?
Revenue at Lemon Sistemi is growing +39.6% versus a year earlier (3y avg −16.3%). 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 Lemon Sistemi (LS)?
Earnings per share at Lemon Sistemi are growing −61.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Lemon Sistemi (LS) generate?
The free cash flow of Lemon Sistemi is −€1.6M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Lemon Sistemi (LS) carry?
The net debt of Lemon Sistemi is €2.9M (fiscal year 2025). 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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