lastminute (LMN) AI Stock Analysis

• Market Cap: CHF149.87M
• Dividend Yield: 3.03%
• Average Volume (3M): 3.65K
• Price to Earnings (P/E): 13.3
• Beta (1Y): 0.64
• Revenue Growth: 7.25%
• EPS Growth: 38.21%
• Country: CH
• Employees: 1,639
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Travel Services
• EPS (TTM): N/A
• Shares Outstanding: 11,664,219
• 10 Day Avg. Volume: 2,762
• 30 Day Avg. Volume: 3,645
• PEG Ratio: -0.51
• Price to Book (P/B): 2.61
• Price to Sales (P/S): 0.41
• P/FCF Ratio: 4.89
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: CHF21.00
• Price Target Upside: 35.48% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: CHF16.00 ▲(3.23% Upside)
• Action: Reiterated Date: 02/18/26
• Date: Action: Reiterated 02/18/26

The score is driven primarily by improving financial performance (strong 2025 revenue rebound and continued profitability), tempered by modest and declining margins plus uneven free cash flow conversion/consistency. Technicals are mildly supportive with price above key moving averages and neutral momentum, while valuation is reasonable with a moderate P/E and a 2.6% dividend yield.

Positive Factors

Strong 2025 revenue rebound & sustained profitability

A 47.9% revenue rebound in 2025 alongside positive EBIT and net income across 2023–2025 shows the business can recover demand and scale. Durable topline recovery supports capacity utilization, partner traction and long-term cash generation potential as travel normalizes.

Manageable leverage and improved risk profile

Low debt-to-equity (~0.26) gives the company financial flexibility to invest in platform features, marketing, or weather downturns without high interest burden. The improved risk profile versus prior years reduces solvency risk and supports multi-year strategic initiatives.

Diversified commission + advertising partnership model

A multi-stream revenue model (commissions, advertising, partnerships) aligns incentives with supply partners and spreads revenue risk. This scalable platform approach benefits from network effects and structural growth in online travel, supporting repeatable margins and strategic partner expansion.

Negative Factors

Thin and declining margins

Modest net margins (~3.2%) that fell despite strong revenue suggest structural cost pressure or adverse business mix. Persistently low margins limit retained earnings, constrain reinvestment and reduce buffer versus competition, making long-term margin expansion critical to durable returns.

Volatile free cash flow and weak cash conversion

Inconsistent FCF and a FCF-to-net-income ratio ~0.57 imply earnings are not fully translating into surplus cash. This volatility undermines reliable funding for capex, partner initiatives or dividends, raising execution risk over multiple quarters and restricting strategic optionality.

Relatively thin equity base vs assets

A small equity base versus assets amplifies returns but increases sensitivity to losses or asset writedowns. Reduced cushion limits resilience to shocks, can heighten funding costs in stress periods, and makes capital structure outcomes more volatile across business cycles.

lastminute Business Overview & Revenue Model

Company Description

lastminute.com N.V. operates in the online travel industry in Italy, Spain, the United Kingdom, France, Germany, and internationally. It operates through Online Travel Agency (OTA), Meta-search, Media, and Other segments. The company provides mobile apps and websites in approximately 17 languages and 40 countries, which enable travelers to search, compare, and book flights, vacation packages and cruises, hotel accommodations, car rentals, and other travel products and services. It also directs traffic from its websites to the sites of the OTAs, airlines, and other direct providers. In addition, the company operates as a seller of web-based advertising spaces and media contents primarily on OTA platforms, web sites, and third-party partners available spaces. Its primary brands include lastminute.com, weg.de, Jetcost, Volagratis, Rumbo, Bravofly, Hotelscan, Crocierissime, and Forward, as well as Madfish, HolidayiQ, Wayn, and Pigi Shipping. The company was formerly known as Bravofly Rumbo Group N.V. and changed its name to lastminute.com N.V. in May 2015. lastminute.com N.V. was founded in 2004 and is based in Amsterdam, the Netherlands.

How the Company Makes Money

Lastminute generates revenue through a combination of commission-based sales, advertising, and partnerships. The primary revenue stream comes from commissions earned on bookings made through its platform, where LMN partners with airlines, hotels, and car rental companies to offer discounted rates. In addition to commissions, LMN also benefits from advertising revenue by displaying promotional content from travel service providers and other related businesses. Strategic partnerships with various tourism boards and event organizers enhance their offerings and contribute to revenue through collaborative marketing efforts. Overall, LMN's ability to attract last-minute travelers and provide enticing deals allows it to maintain a competitive edge in the travel industry.

lastminute Financial Statement Overview

Summary

Fundamentals are improving with strong 2025 revenue growth (+47.9% YoY) and sustained profitability (positive EBIT and net income in 2023–2025). Offsetting this, profitability quality is mixed: net margin is modest (~3.2%) and declined versus 2024, and cash flow consistency remains a concern given historical volatility and only moderate cash conversion (FCF to net income ~0.57 in 2025). Balance sheet leverage is manageable (debt-to-equity ~0.26), but the equity base is relatively thin versus total assets, reducing cushion.

Income Statement

Revenue rebounded strongly in 2025 (361.1M, +47.9% YoY) after a flat 2024 and solid recovery since 2021, showing improving demand and scale. Profitability has also improved versus the loss years (2020–2022), with positive EBIT and net income in 2023–2025; however, margins are still modest (2025 net margin ~3.2%) and declined versus 2024 despite higher revenue, signaling cost pressure or mix headwinds. Gross margin also stepped down in 2025 versus 2024, which limits operating leverage even as topline accelerates.

Balance Sheet

Leverage is currently manageable with low debt relative to equity in 2025 (debt-to-equity ~0.26) and an improved risk profile versus 2022 (when leverage was high and equity thin). That said, equity is relatively small versus total assets (2025 equity 56.9M vs assets 481.2M), which can amplify volatility in returns and reduces balance-sheet cushion. Return on equity is healthy in 2025 (~20.5%), but prior-year swings (including outsized 2024 ROE driven by a low equity base) highlight some instability in the underlying capital structure over the period.

Cash Flow

Cash generation improved meaningfully in 2025 with positive operating cash flow (52.9M) and solid free cash flow (30.4M), a clear turnaround from negative free cash flow in 2023 and 2024. However, free cash flow is volatile year-to-year (2024 slightly negative; 2022 unusually strong), and 2025 free cash flow declined sharply versus 2024’s level (per provided growth rate), which raises questions on sustainability. Cash conversion versus earnings is mixed: in 2025 free cash flow is positive but below net income in proportional terms (free cash flow to net income ~0.57), suggesting not all accounting profit is translating cleanly into surplus cash.

Breakdown	Dec 2025	Dec 2024	Mar 2024	Dec 2022	Dec 2021
Income Statement
Total Revenue	361.10M	313.70M	317.14M	294.36M	142.61M
Gross Profit	116.96M	130.90M	235.65M	206.37M	88.69M
EBITDA	54.90M	43.20M	31.02M	2.89M	1.69M
Net Income	11.68M	15.70M	6.96M	-15.14M	-9.57M
Balance Sheet
Total Assets	481.20M	456.75M	466.83M	487.74M	407.13M
Cash, Cash Equivalents and Short-Term Investments	69.30M	43.20M	108.40M	126.40M	115.23M
Total Debt	15.00M	5.50M	16.42M	14.36M	6.96M
Total Liabilities	424.30M	405.98M	423.50M	475.77M	344.07M
Stockholders Equity	56.90M	14.70M	42.74M	11.39M	62.51M
Cash Flow
Free Cash Flow	30.40M	-700.00K	-38.50M	54.31M	149.00K
Operating Cash Flow	52.90M	24.40M	-15.35M	73.08M	7.62M
Investing Cash Flow	-19.10M	-37.30M	-16.82M	-30.12M	-15.59M
Financing Cash Flow	-30.10M	-43.90M	13.14M	-33.01M	-20.34M

lastminute Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 15.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:LMN, the sentiment is Negative. The current price of 15.5 is above the 20-day moving average (MA) of 14.43, above the 50-day MA of 14.07, and above the 200-day MA of 14.71, indicating a bearish trend. The MACD of -0.18 indicates Positive momentum. The RSI at 40.47 is Neutral, neither overbought nor oversold. The STOCH value of 13.40 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CH:LMN.

lastminute Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LMN	66 Neutral	CHF149.87M	13.31	26.46%	3.03%	7.25%	38.21%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
ASWN	42 Neutral	CHF9.40M	-171.05	―	―	-16.71%	-103.24%

lastminute Corporate Events

Lastminute.com Beats 2025 Targets and Sets AI-Focused Growth Path for 2026

Lastminute.com, a European travel-tech group focused on dynamic holiday packages, reported its strongest year-on-year Q4 growth in 2025 and closed the year above upgraded guidance, with rising revenues, higher adjusted EBITDA and robust cash generation despite the seasonally softer quarter. Strong demand for its core package products, double-digit growth in flights and hotels, and outperformance versus the wider European online travel agency market underlined its strengthened position in both core and expansion markets.

The company advanced its strategy to become a full “travel companion” by shifting from one-off transactions to long-term customer relationships, highlighted by a 27% rise in repeat bookings and the launch of its free, multi-tier PRO loyalty programme in the UK. App usage continued to climb, while lastminute.com invested in artificial intelligence, including an MCP Server for flight inventory and an AI-powered post-sales assistant, and issued a 2026 outlook targeting about 10% revenue and adjusted EBITDA growth, signalling confidence in sustained momentum despite seasonal booking shifts.

The most recent analyst rating on (CH:LMN) stock is a Hold with a CHF15.00 price target. To see the full list of analyst forecasts on lastminute stock, see the CH:LMN Stock Forecast page.

lastminute.com Sets Date to Present Preliminary Q4 and FY 2025 Results

lastminute.com has scheduled an investor and media conference call for 12 February 2026 to present its unaudited preliminary financial results for the fourth quarter and full year 2025. The English-language audio webcast, led by CEO Alessandro Petazzi and CFO Diego Fiorentini, will include a Q&A session open to both phone and online participants, and the related results report, press release and presentation will be published on the company’s website the same day, offering investors and analysts early insight into the group’s recent performance and outlook.

The most recent analyst rating on (CH:LMN) stock is a Hold with a CHF15.00 price target. To see the full list of analyst forecasts on lastminute stock, see the CH:LMN Stock Forecast page.

lastminute.com launches AI-ready MCP flight server to anchor multi-year infrastructure push

lastminute.com has launched its first Model Context Protocol (MCP) Server for Flights, the initial execution step in a multi-year AI infrastructure roadmap aimed at making its core travel data securely and structurally accessible to large language models. Built in-house and already available via the Anthropic Marketplace, the new server gives AI systems real-time, API-level access to the company’s flight inventory, enabling more tailored, dynamic and value-optimised travel options while positioning lastminute.com as an AI-native online travel platform; future MCP servers for hotels and dynamic packaging are planned to extend this AI-ready foundation across products, brands and geographies, with the goal of reinforcing differentiation and long-term relevance as AI reshapes how consumers plan and book travel.

The most recent analyst rating on (CH:LMN) stock is a Hold with a CHF15.00 price target. To see the full list of analyst forecasts on lastminute stock, see the CH:LMN Stock Forecast page.