Excluded
DCF
Free cash flow, growth, discount rate, and terminal growth form an intrinsic value range.
---
-Positive free-cash-flow history is shorter than two years.
L
Financial ServicesInsurance - Property & CasualtyUnited States
Lemonade, Inc. (LMND) Valuation Assumptions
Review Lemonade, Inc. (LMND) valuation assumptions across intrinsic value, DCF, reverse DCF implied growth, EV/EBITDA, P/FCF, and financial trends.
NYQ · US · USD
Latest price55.01 USD
30D+6.32%
Price vs model medianLimited model referenceModel median is the median base output from applicable absolute models, excluding Reverse DCF.
What price implies
What does the current price imply?
At 55.01 USD, the model implies roughly - annual FCF growth for 10 years, with required long-term operating margin near Assumption unavailable and terminal growth around 3%. This module is a research reference.
Implied FCF CAGR-
10-year Reverse DCF scenario
Required long-term operating marginAssumption unavailable
Five-year median × 0.95
Implied terminal growth3%
From current model assumptions
Discount rate assumption9%
Estimated from current sector rules
Valuation overview
How do the valuation assumptions fit together?
Lemonade, Inc. (LMND) valuation on TickerVal is designed to help readers understand the operating expectations embedded in the current market price. At 55.01 USD, the page brings intrinsic value analysis, DCF outputs, reverse DCF implied growth, EV/EBITDA, P/FCF, and valuation assumptions into one research view within the Financial Services sector and the Insurance - Property & Casualty industry. Instead of treating one model as a final answer, TickerVal compares cash-flow, earnings-power, balance-sheet, and relative-multiple lenses so the differences between models are visible. The reverse DCF view currently shows implied growth of not available, while the model median reference sits at a limited composite reference versus the current price. The DCF and reverse DCF sections focus on free cash flow, discount rate, terminal growth, and the long-term growth path implied by the current price. EV/EBITDA and P/FCF provide additional context for capital structure and cash-flow multiples. The financial trends section connects those valuation assumptions back to reported revenue of 738M USD, free cash flow of -26M USD, margins, and balance-sheet facts from public filings. Readers can use the layout to compare assumptions across models before reviewing the underlying source data. This page is intended for transparent research reference, model review, and assumption checking.
Valuation model range vs. current price
Each row shows a model output range, with a vertical line for the current price.
Model ranges are unavailable.
Current price reference line
Why do valuation models give different answers?
Different models rely on different financial facts. The status blocks show which lenses fit this page data.
| Model | Fit | Context |
|---|---|---|
| DCF | Not meaningful | For financial companies, cash-flow models are a limited research reference; balance-sheet lenses carry more context. |
| Owner Earnings | Not meaningful | Owner-earnings proxies are not meaningful for financial balance-sheet businesses. |
| Reverse DCF | Not meaningful | Reverse DCF is a limited scenario lens for financial companies. |
| Earnings Power Value | Not meaningful | Earnings power value depends on operating profit, which is not the main lens for this sector. |
| Graham Number | Not meaningful | Works best when EPS and book value are both positive. |
| Dividend Discount Model | Not meaningful | Needs explicit dividend history, which is not included in the current version. |
| Net-Net Liquidation Value | Not meaningful | Requires current asset and liability detail beyond the current data set. |
| PEG | Not meaningful | A quick growth multiple lens when EPS history is positive. |
| EV/EBITDA | Not meaningful | EV/EBITDA is not meaningful for financial balance-sheet businesses. |
| P/FCF | Not meaningful | P/FCF is a limited research reference for financial companies. |
| P/B | Suitable | A balance-sheet lens is more relevant for financial companies. |
| P/S | Limited | A revenue multiple lens when profit or FCF is not stable. |
| Peer Comparison | Not meaningful | Standardized peer comparisons are not included in the current version. |
Which valuation models are being calculated?
Hover each model row to inspect formulas and inputs.
Current price55.01 USD
Model median referenceLimited model reference
Price vs model medianLimited model reference
Price date2026/05/08
The aggregated models are mostly limited-reference views, so the composite range bar is not shown.
Excluded
Owner Earnings
Uses net income, D&A, and capex as an owner-earnings proxy.
---
-Owner earnings samples are insufficient.
Excluded
Reverse DCF
Solves the forward FCF growth rate implied by the current price.
Implied growth-
-
-Positive free-cash-flow samples are insufficient.
Excluded
Earnings Power Value
Estimates earnings power value without assuming growth.
---
-Operating income data is insufficient.
Updated: 2026/05/10
Which financial trends support the assumptions?
Annual financial metrics with switchable views. · Unit: USD
FY2025 · Dec 2025 report14 records
Revenue738M USD
Net income-166M USD
Free cash flow-26M USD
CapEx9M USD
Operating cash flow-17M USD
Valuation basis and non-recurring items
Collapsed by default. Expand to inspect structured one-time items and adjusted figures without making them the primary page focus.
ExpandCollapse
Valuation basis and non-recurring items
Collapsed by default. Expand to inspect structured one-time items and adjusted figures without making them the primary page focus.
A positive amountAfterTax means the item increased reported net income; a negative value means it reduced reported net income. Adjusted net income = reported net income minus total after-tax impact. Valuation defaults to reported figures; adjusted figures are shown to observe one-time-item impact.
| Period | Item | Category | After-tax impact | Confidence |
|---|---|---|---|---|
| 2024/09/30 | Asset impairment | Impairment | -237K USD | Medium |
| 2024/06/30 | Asset impairment | Impairment | -474K USD | Medium |
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Which reported financials feed the models?
Financial DetailsShowing latest 5 / 14
| Period | Type | Revenue | Net Income | Adjusted net income | Free Cash Flow | Diluted EPS | Adjusted EPS |
|---|---|---|---|---|---|---|---|
| 2025/12/31 | Annual | 738M USD | -166M USD | - | -26M USD | -2.24 | - |
| 2024/12/31 | Annual | 527M USD | -202M USD | - | -21M USD | -2.85 | - |
| 2023/12/31 | Annual | 430M USD | -237M USD | - | -128M USD | -3.4 | - |
| 2022/12/31 | Annual | 257M USD | -298M USD | - | -173M USD | -4.59 | - |
| 2021/12/31 | Annual | 128M USD | -241M USD | - | -154M USD | -3.94 | - |
Where does this data come from?
Open to inspect field-level SEC EDGAR source, filing form, and derived notes.
SEC EDGAR
Where does this data come from?
Open to inspect field-level SEC EDGAR source, filing form, and derived notes.
Frequently asked questions
Quick notes on price-implied expectations, model differences, and source data.
What is Lemonade, Inc.'s intrinsic value?
Lemonade, Inc.'s intrinsic value on TickerVal is reviewed through DCF outputs, reverse DCF implied growth, EV/EBITDA, P/FCF, valuation assumptions, and financial trends from public filings.
How is LMND valued on TickerVal?
TickerVal values LMND by comparing intrinsic value models, DCF and reverse DCF assumptions, cash-flow multiples, earnings-power references, and reported financial trends.
What does the current stock price imply?
The reverse DCF view estimates the free-cash-flow growth path implied by the current stock price under stated discount-rate and terminal-growth assumptions.
Which valuation models are used?
TickerVal uses DCF, reverse DCF, Owner Earnings, EPV, Graham Number, EV/EBITDA, P/FCF, P/B, P/S, and other model references where the underlying data is available.
Is this investment advice?
No. TickerVal does not provide investment advice, ratings, price targets, or buy/sell recommendations.
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