- Checkpoint Partners maintains 'Buy' rating and raises price target for Lleida.net (LLEIF, Financial) to €4.00 from €3.00.
- Lleida.net achieved record-breaking Q1 2025 results with a 477% increase in pre-tax profit.
- Lleida.net is considered undervalued with current trading multiples of 7x and 5x EV/EBITDA for 2025 and 2026, respectively.
Checkpoint Partners has reiterated a 'Buy' rating for Lleida.net (LLEIF), increasing its price target to €4.00 from €3.00. This adjustment is due to the company's strong financial performance, including an impressive 477% year-on-year rise in pre-tax profit during the first quarter of 2025. The company's EBITDA also surged by 84% to €1.22 million, while sales increased by 12% to €5.29 million.
Analyst Guillermo Serrano projects that Lleida.net will achieve an EBITDA of €3.7 million and a net profit of €2.3 million in 2025. Despite its growth trajectory, the company is currently perceived as undervalued, trading at 7x and 5x EV/EBITDA multiples for 2025 and 2026, respectively, which is lower than its sector peers.
Lleida.net, founded in 1995, is a leading European provider of certification, notification, and electronic signature services. The company holds over 300 patents across more than 60 countries and is listed on several stock exchanges, including BME Growth in Madrid, Euronext Paris, OTCQX in New York, Stuttgart, and Frankfurt.
