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LUMINE GROUP INC (LMN.CA) Stock Fundamental Analysis

TSX-V:LMN - TSX Venture Exchange - CA55027C1068 - Common Stock - Currency: CAD

44.51  +2.36 (+5.6%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to LMN. LMN was compared to 60 industry peers in the Software industry. LMN scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. LMN has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year LMN has reported negative net income.
LMN had a positive operating cash flow in the past year.
In multiple years LMN reported negative net income over the last 5 years.
LMN had a positive operating cash flow in 4 of the past 5 years.
LMN.CA Yearly Net Income VS EBIT VS OCF VS FCFLMN.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 0 -500M -1B -1.5B -2B -2.5B

1.2 Ratios

LMN has a Return On Assets of -140.38%. This is amonst the worse of the industry: LMN underperforms 83.33% of its industry peers.
LMN has a worse Return On Equity (-272.04%) than 70.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.64%, LMN is in the better half of the industry, outperforming 71.67% of the companies in the same industry.
Industry RankSector Rank
ROA -140.38%
ROE -272.04%
ROIC 5.64%
ROA(3y)-76.97%
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
LMN.CA Yearly ROA, ROE, ROICLMN.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 0 -100 -200

1.3 Margins

With a decent Operating Margin value of 12.63%, LMN is doing good in the industry, outperforming 76.67% of the companies in the same industry.
In the last couple of years the Operating Margin of LMN has declined.
LMN does not have Profit Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM 12.63%
PM (TTM) N/A
GM N/A
OM growth 3Y-9.44%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
LMN.CA Yearly Profit, Operating, Gross MarginsLMN.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 0 -100 -200 -300 -400 -500

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6

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), LMN is destroying value.
LMN has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
LMN.CA Yearly Shares OutstandingLMN.CA Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 20M 40M 60M
LMN.CA Yearly Total Debt VS Total AssetsLMN.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 200M 400M 600M 800M 1B

2.2 Solvency

An Altman-Z score of 8.44 indicates that LMN is not in any danger for bankruptcy at the moment.
The Altman-Z score of LMN (8.44) is better than 86.67% of its industry peers.
LMN has a debt to FCF ratio of 3.37. This is a good value and a sign of high solvency as LMN would need 3.37 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 3.37, LMN is doing good in the industry, outperforming 66.67% of the companies in the same industry.
LMN has a Debt/Equity ratio of 0.44. This is a healthy value indicating a solid balance between debt and equity.
LMN has a Debt to Equity ratio (0.44) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.44
Debt/FCF 3.37
Altman-Z 8.44
ROIC/WACC0.58
WACC9.77%
LMN.CA Yearly LT Debt VS Equity VS FCFLMN.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 0 -1B -2B -3B

2.3 Liquidity

A Current Ratio of 1.96 indicates that LMN should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.96, LMN is doing good in the industry, outperforming 68.33% of the companies in the same industry.
LMN has a Quick Ratio of 1.96. This is a normal value and indicates that LMN is financially healthy and should not expect problems in meeting its short term obligations.
LMN has a better Quick ratio (1.96) than 68.33% of its industry peers.
Industry RankSector Rank
Current Ratio 1.96
Quick Ratio 1.96
LMN.CA Yearly Current Assets VS Current LiabilitesLMN.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 1B 2B 3B 4B

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3

3. Growth

3.1 Past

EPS 1Y (TTM)N/A
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%101.13%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%30.75%

3.2 Future

LMN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 51.62% yearly.
Based on estimates for the next years, LMN will show a very strong growth in Revenue. The Revenue will grow by 24.81% on average per year.
EPS Next Y122.89%
EPS Next 2Y51.62%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year21.32%
Revenue Next 2Y24.81%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

LMN.CA Yearly Revenue VS EstimatesLMN.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M 800M 1B
LMN.CA Yearly EPS VS EstimatesLMN.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2023 2024 2025 2026 0 -1 -2 -3

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3

4. Valuation

4.1 Price/Earnings Ratio

LMN reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
The Price/Forward Earnings ratio is 43.30, which means the current valuation is very expensive for LMN.
Based on the Price/Forward Earnings ratio, LMN is valued a bit cheaper than 75.00% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of LMN to the average of the S&P500 Index (21.38), we can say LMN is valued expensively.
Industry RankSector Rank
PE N/A
Fwd PE 43.3
LMN.CA Price Earnings VS Forward Price EarningsLMN.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30 40

4.2 Price Multiples

The rest of the industry has a similar Enterprise Value to EBITDA ratio as LMN.
LMN's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 93.4
EV/EBITDA 41.18
LMN.CA Per share dataLMN.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 -4

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as LMN's earnings are expected to grow with 51.62% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y51.62%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

LMN does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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LUMINE GROUP INC

TSX-V:LMN (4/25/2025, 7:00:00 PM)

44.51

+2.36 (+5.6%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)03-06 2025-03-06/amc
Earnings (Next)N/A N/A
Inst Owners12.72%
Inst Owner ChangeN/A
Ins Owners11.52%
Ins Owner ChangeN/A
Market Cap11.42B
Analysts86
Price Target47.94 (7.71%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-77.1%
Min EPS beat(2)-106.47%
Max EPS beat(2)-47.72%
EPS beat(4)0
Avg EPS beat(4)-4598.29%
Min EPS beat(4)-15283%
Max EPS beat(4)-47.72%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-5.27%
Min Revenue beat(2)-13.33%
Max Revenue beat(2)2.78%
Revenue beat(4)1
Avg Revenue beat(4)-5.89%
Min Revenue beat(4)-13.33%
Max Revenue beat(4)2.78%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)3.3%
PT rev (3m)10.59%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)4%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 43.3
P/S 13.2
P/FCF 93.4
P/OCF 91.32
P/B 12.49
P/tB N/A
EV/EBITDA 41.18
EPS(TTM)-4.49
EYN/A
EPS(NY)1.03
Fwd EY2.31%
FCF(TTM)0.48
FCFY1.07%
OCF(TTM)0.49
OCFY1.09%
SpS3.37
BVpS3.56
TBVpS-0.9
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -140.38%
ROE -272.04%
ROCE 7.38%
ROIC 5.64%
ROICexc 6.79%
ROICexgc 98.7%
OM 12.63%
PM (TTM) N/A
GM N/A
FCFM 14.13%
ROA(3y)-76.97%
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)11.23%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-9.44%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.49
Health
Industry RankSector Rank
Debt/Equity 0.44
Debt/FCF 3.37
Debt/EBITDA 1.51
Cap/Depr 1.76%
Cap/Sales 0.32%
Interest Coverage 4.42
Cash Conversion 46.92%
Profit Quality N/A
Current Ratio 1.96
Quick Ratio 1.96
Altman-Z 8.44
F-Score5
WACC9.77%
ROIC/WACC0.58
Cap/Depr(3y)1.89%
Cap/Depr(5y)N/A
Cap/Sales(3y)0.28%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)N/A
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%101.13%
EPS Next Y122.89%
EPS Next 2Y51.62%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%30.75%
Revenue Next Year21.32%
Revenue Next 2Y24.81%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y68.74%
EBIT growth 3Y30.66%
EBIT growth 5YN/A
EBIT Next Year198.15%
EBIT Next 3Y73.7%
EBIT Next 5YN/A
FCF growth 1Y103.34%
FCF growth 3Y22.08%
FCF growth 5YN/A
OCF growth 1Y106.31%
OCF growth 3Y22.09%
OCF growth 5YN/A