Added to YB: 2026-04-02
Pitch date: 2026-03-24
LMND [bullish]
Lemonade, Inc.
-9.39%
current return
Author Info
No bio for this author
Company Info
Lemonade, Inc. provides various insurance products in the United States, Europe, and the United Kingdom.
Market Cap
$4.5B
Pitch Price
$67.40
Price Target
196.40 (+213%)
Dividend
N/A
EV/EBITDA
-37.73
P/E
-26.24
EV/Sales
5.80
Sector
Insurance
Category
growth
Lemonade’s Book Value: Regulatory Risks, Growth Constraints, and Valuation
LMND: Risk-based capital ratio 591% (far above 300% regulatory threshold), $1B cash, net cash flow breakeven via Synthetic Agents program covering 80% CAC. Transitioning reinsurance from 55% to 20% ceded. Lowering prices to gain share given low 60% loss ratio & superior unit economics vs incumbents. GAAP profitable by YE 2027. Growing 30%+ with decades of runway ahead. No capital raise needed. Trading 8-10x book vs 2-3x fair value at 20-30x book per DCF.
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