Professional
Added to YB: 2024-05-20
Pitch date: 2024-05-19
LMN.V [bullish]
Lumine Group Inc.
-39.77%
current return
Author Info
Seeking Winners is a senior financial controller investing for the long-term. Sign up for the newsletter.
Company Info
Lumine Group Inc. develops, installs, and customizes software, and related professional and support services worldwide.
Market Cap
CAD 4.6B
Pitch Price
CAD 38.50
Price Target
42.88 (+85%)
Dividend
N/A
EV/EBITDA
15.63
P/E
39.19
EV/Sales
5.86
Sector
Software
Category
special_situation
Carving Out Growth - Lumine Group Inc.
Lumine (LMN.V): Software acquirer focused on comms & media. Bought WideOrbit for $490M (2.9x sales, 10x EBITDA, 53% ROIC). 94% recurring revs, 26% margins. Mgmt comp tied to ROIC. Organic growth from price hikes + splitting units. 11% IRR w/ upside from carveouts. Key risks: organic growth, deals, debt.
Read full article (25 min)