Lime Technologies AB (LIME) AI Stock Analysis

• Market Cap: kr3.68B
• Dividend Yield: 1.41%
• Average Volume (3M): 50.29K
• Price to Earnings (P/E): 35.5
• Beta (1Y): 0.68
• Revenue Growth: 11.23%
• EPS Growth: 16.24%
• Country: SE
• Employees: 511
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 1.91
• Shares Outstanding: 13,283,481
• 10 Day Avg. Volume: 65,067
• 30 Day Avg. Volume: 50,288
• PEG Ratio: 7.64
• Price to Book (P/B): 15.72
• Price to Sales (P/S): 7.14
• P/FCF Ratio: 31.54
• 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: kr410.00
• Price Target Upside: 50.18% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 59 Neutral
• Price Target: kr291.00 ▲(6.59% Upside)

Lime Technologies AB's overall stock score is driven primarily by its solid financial performance, despite challenges in cash flow management. The technical analysis indicates a bearish trend, and the valuation suggests the stock may be overvalued. The absence of earnings call data and corporate events means these factors do not influence the score.

Positive Factors

Recurring subscription revenue

A subscription-based licensing model delivers recurring, predictable revenue and higher customer lifetime value. Combined with implementation, training and consultancy services, this supports durable cash flow visibility, retention incentives and scalable upsell opportunities over months to years.

High return on equity

ROE of 31.64% indicates efficient use of shareholder capital to generate profits. Sustained high ROE implies competitive unit economics and management effectiveness, enabling reinvestment in product and sales while supporting long-term profitability resilience across business cycles.

Healthy operating margins

Net and EBIT margins near 14% and 20% reflect strong pricing power and operating leverage typical of software firms. These margins provide structural capacity to absorb sales and R&D investments and sustain profitability as the company scales over the next several quarters.

Negative Factors

Weak free cash flow growth

Declining free cash flow and an OCF/net income ratio of 0.60 indicate earnings are not fully converting to cash. Persistent cash conversion weakness can limit funding for product development, M&A or shareholder returns and strains liquidity if the trend continues.

Gross margin compression

A falling gross margin signals rising direct costs or pricing pressure. If structural, this erosion reduces operating margin headroom, constrains reinvestment capacity and heightens reliance on cost cuts or price increases to preserve long-term profitability.

Slow recent revenue growth

A TTM revenue growth rate near 2.4% suggests demand momentum has cooled. For a software company, sustained slower top-line expansion raises concerns about market saturation, competitive pressure or execution on sales/partnerships, limiting future margin expansion and scale benefits.

Lime Technologies AB Business Overview & Revenue Model

Company Description

Lime Technologies AB (publ) provides software as a service (SaaS) based customer relationship management (CRM) solutions in the Nordic region. It develops, sells, implements, and supports CRM systems, as well as provides consultancy services. The company offers Lime CRM, a SaaS CRM platform, which comprises contacts, history notes, to-dos, case management, deals, quotations, documents, ERP-systems, and marketing activities; and Lime Go, a sales tool. It provides CRM solutions for energy, properties, wholesale, and consulting companies. The company was formerly known as Lundalogik AB and changed its name to Lime Technologies AB (publ) in March 2018. Lime Technologies AB (publ) was founded in 1990 and is headquartered in Lund, Sweden.

How the Company Makes Money

Lime Technologies generates revenue primarily through subscription-based licensing of its CRM software. Customers pay a recurring fee for access to the software, which includes regular updates and support services. Additionally, the company offers implementation services, training, and consultancy, which contribute to its revenue streams. Significant partnerships with other technology providers and integrations with popular business tools also enhance its offerings, driving customer acquisition and retention, thus positively impacting overall earnings.

Lime Technologies AB Financial Statement Overview

Summary

Lime Technologies AB demonstrates solid financial health with consistent revenue growth and profitability. The company has improved its leverage position, though there are areas for improvement in cash flow management. Continued focus on cost control and cash flow enhancement will be crucial for sustaining long-term growth.

Income Statement

Lime Technologies AB shows a solid revenue growth trajectory, with a TTM revenue growth rate of 2.38%. The company maintains healthy profitability margins, with a TTM net profit margin of 13.99% and an EBIT margin of 19.92%. However, the gross profit margin has decreased from previous years, indicating potential cost management challenges.

Balance Sheet

The company has improved its debt-to-equity ratio to 0.68 in the TTM period, indicating better leverage management compared to previous years. Return on equity remains strong at 31.64%, showcasing effective use of equity to generate profits. However, the equity ratio is not explicitly provided, which could provide further insights into asset financing.

Cash Flow

Lime Technologies AB's cash flow performance is mixed, with a slight decline in free cash flow growth at -4.57% in the TTM period. The operating cash flow to net income ratio is 0.60, suggesting moderate cash generation efficiency. The free cash flow to net income ratio remains robust at 83.56%, indicating strong cash conversion from profits.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	730.48M	685.74M	577.12M	491.80M	404.10M	338.69M
Gross Profit	260.56M	330.78M	278.99M	315.41M	260.17M	171.81M
EBITDA	212.08M	211.22M	180.07M	137.34M	119.91M	102.50M
Net Income	103.79M	89.39M	83.38M	67.82M	58.69M	62.71M
Balance Sheet
Total Assets	908.17M	920.69M	696.93M	663.93M	665.09M	364.35M
Cash, Cash Equivalents and Short-Term Investments	52.86M	49.05M	30.02M	35.41M	55.17M	64.66M
Total Debt	192.09M	252.31M	169.19M	224.15M	254.16M	97.67M
Total Liabilities	574.98M	609.23M	432.25M	458.61M	530.02M	253.51M
Stockholders Equity	333.20M	311.45M	264.68M	205.32M	135.07M	110.84M
Cash Flow
Free Cash Flow	164.99M	155.20M	112.32M	90.09M	102.39M	101.11M
Operating Cash Flow	189.92M	196.47M	142.50M	118.63M	124.64M	119.09M
Investing Cash Flow	-68.64M	-193.94M	-30.14M	-28.57M	-223.80M	-25.86M
Financing Cash Flow	-130.29M	15.65M	-118.30M	-112.70M	89.02M	-58.92M

Lime Technologies AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 273.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:LIME, the sentiment is Negative. The current price of 273 is below the 20-day moving average (MA) of 290.00, below the 50-day MA of 313.23, and below the 200-day MA of 350.15, indicating a bearish trend. The MACD of -9.36 indicates Negative momentum. The RSI at 37.56 is Neutral, neither overbought nor oversold. The STOCH value of 58.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:LIME.

Lime Technologies AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UPSALE	75 Outperform	kr521.99M	27.01	―	4.69%	―	―
FPIP	68 Neutral	kr1.37B	68.19	―	1.92%	-8.38%	-38.17%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
LIME	59 Neutral	kr3.68B	35.47	32.28%	1.41%	11.23%	16.24%
CINT	52 Neutral	kr1.04B	19.91	1.00%	―	-21.66%	―
SEYE	44 Neutral	kr3.20B	-16.81	―	―	10.25%	-698.93%

Lime Technologies AB Corporate Events

Lime Technologies to Detail Growth, AI and International Expansion at 2026 Capital Markets Day

Lime Technologies AB is convening investors, analysts and business media to a Capital Markets Day in Stockholm on 4 March 2026, where its new CEO Tommas Davoust and senior management will outline the next phase of the company’s profitable growth strategy. The event will spotlight Lime’s plans for accelerated international expansion, deeper focus on verticals such as the German market and utility sector, and broader integration of AI solutions throughout the customer journey, including live demonstrations of AI Agents and Connect AI. With dedicated sessions on market positioning, acquisition strategy and financial development, the day is designed to give stakeholders greater visibility into how Lime intends to strengthen its competitive standing and drive growth, while also offering networking opportunities and closer access to the company’s business unit leaders and product portfolio.

The most recent analyst rating on (SE:LIME) stock is a Hold with a SEK324.00 price target. To see the full list of analyst forecasts on Lime Technologies AB stock, see the SE:LIME Stock Forecast page.

Lime Technologies Deepens German Utility Push with New Deals and E.ON One Portal Acquisition

Lime Technologies AB is accelerating its expansion in Germany’s utility sector, securing several new customers such as Iqony Fernwärme and Stadtwerke Langenfeld while reinforcing its role as a provider of industry-specific CRM and digital customer-process solutions. As part of its long-term growth strategy, the company has acquired a portal solution from E.ON One that streamlines the complex power grid connection process for utility companies, gaining an established German customer base and enhancing its local presence; the portal will initially run as a stand-alone product before being integrated into Lime CRM, and although the deal is financed from existing cash and is not expected to materially affect short-term growth or profitability, it deepens Lime’s positioning in a growing vertical and supports its strategy of combining organic sales efforts with targeted acquisitions in the German market.

The most recent analyst rating on (SE:LIME) stock is a Hold with a SEK326.00 price target. To see the full list of analyst forecasts on Lime Technologies AB stock, see the SE:LIME Stock Forecast page.

Lime Technologies Moves to Bolster Board with Software Veteran Fredrik Ruben

Lime Technologies’ Nomination Committee has proposed the election of Fredrik Ruben as a new member of the Board of Directors at the 2026 Annual General Meeting, expanding the board from five to six members. Ruben, currently CEO of Dynavox Group and formerly head of 3L System Group and Vitec Mäklarsystem, brings extensive leadership experience in software-driven growth companies, and is expected to strengthen Lime’s capabilities in international expansion, software development and product strategy, areas the company identifies as critical to its continued growth and long-term value creation.

The most recent analyst rating on (SE:LIME) stock is a Hold with a SEK326.00 price target. To see the full list of analyst forecasts on Lime Technologies AB stock, see the SE:LIME Stock Forecast page.

Lime Technologies Appoints Tommas Davoust as New CEO

Lime Technologies AB has announced the appointment of Tommas Davoust as its new CEO, effective January 1. Tommas, who has been with the company since 2017 and currently manages its largest business unit, Lime CRM, is expected to drive the company’s strategic shift towards automation and AI, enhancing its competitive edge and international growth. The transition follows the planned departure of current CEO Nils Olsson, who has significantly contributed to Lime’s growth over his two-decade tenure.

The most recent analyst rating on (SE:LIME) stock is a Hold with a SEK381.00 price target. To see the full list of analyst forecasts on Lime Technologies AB stock, see the SE:LIME Stock Forecast page.

Lime Technologies AB Reports Strong Q3 2025 Growth

Lime Technologies AB reported an 11% growth in net sales for Q3 2025, with recurring revenue increasing by 13%. The company’s EBITA margin remained steady at 25%, reflecting stable profitability. The announcement indicates positive growth trends and strategic deals across its verticals, suggesting a strong market position and potential for continued expansion.

The most recent analyst rating on (SE:LIME) stock is a Hold with a SEK397.00 price target. To see the full list of analyst forecasts on Lime Technologies AB stock, see the SE:LIME Stock Forecast page.

Lime Technologies Appoints Nomination Committee for 2026 AGM

Lime Technologies AB has announced the appointment of its Nomination Committee ahead of the 2026 Annual General Meeting, scheduled for April 21, 2026. The committee, representing 29% of the company’s votes as of August 31, 2025, will prepare proposals for key positions and decisions, impacting the company’s governance and strategic direction.

The most recent analyst rating on (SE:LIME) stock is a Hold with a SEK397.00 price target. To see the full list of analyst forecasts on Lime Technologies AB stock, see the SE:LIME Stock Forecast page.