LMND - NYSE

Lemonade, Inc.

Lemonade, Inc.

LMNDยทNYSE

$52.66

-10%
Financial ServicesInsurance - Property & Casualty

Lemonade, Inc. provides various insurance products in the United States and Europe. Its insurance products include stolen or damaged property, and personal liability that protects its customers if they are responsible for an accident or damage to another person or their property. The company also offers renters, homeowners, pet, car, and life insurance products, as well as landlord insurance policies. In addition, it operates as an agent for other insurance companies. The company was formerly known as Lemonade Group, Inc. and changed its name to Lemonade, Inc. Lemonade, Inc. was incorporated in 2015 and is headquartered in New York, New York.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$4.05B
EPS-2.3000
P/E Ratio-22.90
Earnings Date08/04/2026
Lemonade, Inc.

Lemonade, Inc. Fair Value Envelope

LMND ยท NYSE

Our analysis suggests that LMND has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $52.66, this represents a potential HIDDEN relative to our calculated worth for Lemonade, Inc..

HIDDEN
Intrinsic Value
Current Price: $52.66

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value-$41.5M
+ Cash & Equivalents$385.0M
Firm Value$343.5M
- Debt$182.1M
Equity Value$161.4M
/ Shares Outstanding73,128,197B
DCF Value$2
OVERVALUED BY 96%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
-$12.5M
-$9.4M
-$7.1M
-$5.4M
-$4.0M
-$3.1M
-$2.3M
-$1.7M
-$1.3M
-$990.5K
Maintenance CapEx
-$1.4M
-$1.1M
-$808.5K
-$610.2K
-$460.6K
-$347.7K
-$262.4K
-$198.1K
-$149.5K
-$112.9K
Owner Earnings
-$13.9M
-$10.5M
-$7.9M
-$6.0M
-$4.5M
-$3.4M
-$2.6M
-$1.9M
-$1.5M
-$1.1M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
-$12.8M
-$9.0M
-$6.3M
-$4.4M
-$3.1M
-$2.1M
-$1.5M
-$1.0M
-$731.2K
-$511.1K
Terminal Value represents 0.0% of Enterprise Value
Negative Owner Earnings
This company generates negative free cash flow. Consider adjusting maintenance CapEx percentage or check the financial data.

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