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Lime Technologies AB
(LIME)
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Rating:71Outperform
Price Target:
kr272.00
▲(12.16% Upside)
Action:Upgraded
Date:07/15/26
The score is primarily supported by strong financial performance: durable margins, solid revenue expansion, improving leverage, and healthy free cash flow. Technicals are moderately constructive but not fully long-term bullish given the price remains below the 200-day average. Valuation is reasonable but not cheap at ~25.6x earnings, with the dividend yield providing some offset.
Positive Factors
Recurring SaaS revenue
The subscription-led CRM model is supported by a strong multi-year revenue growth record, indicating sustained customer demand and market expansion. Continued growth provides a durable base for reinvestment, product development, and operating leverage over the next several quarters.
Negative Factors
Gross margin compression
The sustained decline in gross margin suggests that Lime has experienced reduced pricing power and/or higher delivery costs, even though absolute profits continue to grow. If this pattern persists, it could limit operating leverage and make future revenue growth less profitable.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring SaaS revenue
The subscription-led CRM model is supported by a strong multi-year revenue growth record, indicating sustained customer demand and market expansion. Continued growth provides a durable base for reinvestment, product development, and operating leverage over the next several quarters.
Read all positive factors
Lime Technologies AB (LIME) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr3.26B
Dividend Yield1.73%
Average Volume (3M)34.00K
Price to Earnings (P/E)27.4
Beta (1Y)0.41
Revenue Growth8.48%
EPS Growth19.59%
CountrySE
Employees512
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)8.98
Shares Outstanding13,283,481
10 Day Avg. Volume24,341
30 Day Avg. Volume33,997
Financial Highlights & Ratios
PEG Ratio1.38
Price to Book (P/B)10.62
Price to Sales (P/S)5.11
P/FCF Ratio28.61
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)10.37
Revenue Forecast (FY)kr810.07M
Lime Technologies AB Business Overview & Revenue Model
Company Description
Lime Technologies AB (publ) specializes in delivering cloud-based customer relationship management (CRM) software across the Nordic region. The company is involved in the development, sales, implementation, and ongoing support of its CRM systems, ...
How the Company Makes Money
Lime Technologies primarily generates revenue by selling access to its CRM software on a recurring basis (subscription/SaaS), where customers pay ongoing fees to use the platform (often tied to factors such as number of users and selected modules)...
Lime Technologies AB Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
74
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 780.51M | 747.41M | 685.74M | 577.12M | 491.80M | 404.10M |
| Gross Profit | 293.12M | 369.30M | 330.78M | 278.99M | 315.41M | 260.17M |
| EBITDA | 229.13M | 227.47M | 211.22M | 180.07M | 137.34M | 119.91M |
| Net Income | 119.71M | 111.69M | 89.39M | 83.38M | 67.82M | 58.69M |
Balance Sheet | ||||||
| Total Assets | 941.50M | 899.18M | 920.69M | 696.93M | 663.93M | 665.09M |
| Cash, Cash Equivalents and Short-Term Investments | 64.68M | 49.24M | 49.05M | 30.02M | 35.41M | 55.17M |
| Total Debt | 169.24M | 180.47M | 252.31M | 169.19M | 224.15M | 254.16M |
| Total Liabilities | 572.56M | 539.86M | 609.23M | 432.25M | 458.61M | 530.02M |
| Stockholders Equity | 368.94M | 359.33M | 311.45M | 264.68M | 205.32M | 135.07M |
Cash Flow | ||||||
| Free Cash Flow | 159.54M | 133.45M | 155.20M | 112.32M | 90.09M | 102.39M |
| Operating Cash Flow | 192.77M | 187.04M | 196.47M | 142.50M | 118.63M | 124.64M |
| Investing Cash Flow | -60.31M | -54.22M | -193.94M | -30.14M | -28.57M | -223.80M |
| Financing Cash Flow | -122.58M | -129.51M | 15.65M | -118.30M | -112.70M | 89.02M |
Lime Technologies AB Technical Analysis
Positive
242.50
Price Trends
237.33
Positive
224.40
Positive
227.75
Positive
Market Momentum
0.70
Positive
55.04
Neutral
47.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:LIME, the sentiment is Positive. The current price of 242.5 is above the 20-day moving average (MA) of 242.40, above the 50-day MA of 237.33, and above the 200-day MA of 227.75, indicating a bullish trend. The MACD of 0.70 indicates Positive momentum. The RSI at 55.04 is Neutral, neither overbought nor oversold. The STOCH value of 47.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:LIME.
Lime Technologies AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | kr476.53M | 20.96 | ― | 7.63% | 10.39% | 30.32% | |
71 Outperform | kr3.26B | 27.39 | 32.94% | 1.73% | 8.48% | 19.59% | |
67 Neutral | kr10.63B | 23.74 | 9.37% | 1.31% | 5.39% | 16.79% | |
62 Neutral | kr194.46M | -86.47 | -2.10% | ― | 25.37% | -69.77% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | kr491.65M | -24.93 | ― | ― | 21.86% | 74.32% |
* Technology Sector Average
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Lime Technologies AB Corporate Events
Lime Technologies Extends Growth Run as AI-Driven CRM Strategy Gains Traction
Jul 14, 2026
Lime Technologies reported solid growth and profitability for the second quarter of 2026, with net sales up 12% to MSEK 205.3 and organic revenue rising at the same pace. Software-related and recurring revenues each grew 10%, annual recurring reve...
Lime Technologies Schedules Webcast for H1 2026 Interim Report
Jul 1, 2026
Lime Technologies AB will publish its interim report for the period January to June 2026 on July 14, followed by a webcast later that morning where CEO Tommas Davoust and CFO Anders Hofvander will present the results and take questions in English....
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.