Lumine Group Inc. (LMN.V) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-103.6%

-CA$0.96

vs CA$26.54 price

Levered DCF

CA$24.62

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

4.48

Safe zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
P/E	42.05×	-23.63×	-0.37×	22.02×	24.45×	30.68×
P/B	6.2×	9.02×	-0.36×	5.11×	4.86×	5.68×
P/S	6.51×	9.16×	2.79×	3.07×	3.69×	5.02×
EV / EBITDA	16.27×	-60.75×	-0.52×	10.12×	11.88×	16.36×
Gross margin	31.2%	48.5%	46.8%	47.5%	47.4%	92.4%
Operating margin	23.7%	9.9%	14.7%	13.5%	16.6%	15.5%
Net margin	15.5%	-38.7%	-565.6%	10.7%	12.0%	12.2%
Current ratio	2.56×	2.08×	0.07×	0.94×	1.65×	1.71×
Debt / equity	0.26×	0.42×	-0.04×	0.17×	0.03×	0.03×
Interest coverage	11.62×	3.32×	6.01×	59.41×	51.62×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	-0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	14.8%	-38.1%	73.5%	17.8%	15.9%	13.8%
Return on invested capital	12.7%	6.1%	-2.1%	11.9%	13.4%	11.3%
Return on assets	8.7%	-20.1%	-246.2%	7.0%	8.4%	7.6%
Free cash flow yield	4.4%	1.8%	7.7%	4.3%	10.1%	7.0%
Earnings yield	2.4%	-4.2%	-202.7%	3.5%	3.3%	2.4%
Enterprise value	CA$4.9B	CA$6.2B	CA$1.4B	CA$744.5M	CA$819.5M	CA$805.5M
Net debt / EBITDA	-0.45×	-0.74×	-0.01×	-0.56×	-0.33×	-0.62×
Cash conversion cycle (days)	30	12	-28	73	165	-1,001