Added to YB: 2026-05-11
Pitch date: 2026-05-07
LMN.V [neutral]
Lumine Group Inc.
-2.74%
current return
Author Info
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Company Info
Lumine Group Inc. develops, installs, and customizes software, and related professional and support services worldwide.
Market Cap
CAD 3.8B
Pitch Price
CAD 20.80
Price Target
N/A
Dividend
N/A
EV/EBITDA
13.95
P/E
33.27
EV/Sales
5.01
Sector
Software
Category
turnaround
Lumine Q1 2026
LMN.V (earnings): Q1 FCF -56% YoY, organic -2%, but core recurring rev +27% to $160.2M (77% mix vs 70% prior). -2% headline driven by intentional hardware/license runoff; recurring FX-adj +3%. Synchronoss integration lifted G&A +95%, S&M +50%, R&D +38% - bloat = margin expansion roadmap. Subsidiary $110M term loan refinanced corp facility, reloading $360M revolver + $248M cash for M&A. Working capital drag temporary, tied to Synchronoss receivables cycle. Risk: telecom headwinds, integration execution.
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