Lakeside Holding Limited

LSH

IndustrialsIntegrated Freight & LogisticsNASDAQ

$0.62

Market Cap: $5.78M

Lakeside Holding Limited (LSH) Valuation Summary

Updated May 11, 2026 22:03

Model	Range	Fair Value	Upside
▸ Discounted Cash Flow
Revenue DCF 5Y	$0.01 – $11.25	$1.34	+117.1%
Revenue DCF 10Y	$0.20 – $18.77	$3.38	+447.6%
▸ Trading Multiples
EV/Revenue	$0.75 – $4.80	$1.47	+138.6%

Valuation History

DCF Analysis

Lakeside Holding Limited (LSH) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$3.38

Market Price

$0.62

Upside / Downside

+447.6%

Verdict

Undervalued

Using a Revenue DCF model with operating margin convergence from -27.9% to a target of 10.3% over 5 years, discounted at a WACC of 7.8%, Lakeside Holding Limited (LSH) has an intrinsic value of $3.38 per share (range: $0.20 – $18.77).

Key Assumptions

Current Operating Margin

-27.9%

Target Operating Margin

10.3%

WACC

7.8%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

0.4%

Target CapEx/Rev

6.0%

D&A/Revenue

1.1%

Tax Rate

6.5%

Operating margin fades linearly from the current level to the industry target over the 5-year projection. CapEx intensity fades from the historical average to a maintenance level (D&A × 1.5). Tax is only applied when operating income is positive (NOL shield).

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	22	21.0%	-20.2%	-4	-4	0	(0)	1	-5	-5
2027	26	19.2%	-12.6%	-3	-3	0	(0)	0	-4	-3
2028	30	17.4%	-5.0%	-1	-1	0	(1)	0	-2	-2
2029	35	15.6%	2.7%	1	1	0	(1)	0	-0	-0
2030	40	13.8%	10.3%	4	4	0	(1)	0	3	2
2031	44	12.0%	10.3%	5	4	0	(2)	0	3	2
2032	49	10.2%	10.3%	5	5	1	(2)	0	3	2
2033	53	8.4%	10.3%	5	5	1	(3)	0	3	2
2034	57	6.6%	10.3%	6	5	1	(3)	0	3	1
2035	59	4.8%	10.3%	6	6	1	(4)	0	3	1

Enterprise Value Bridge

Sum of PV(FCFF)-0

Terminal Value (Gordon Growth at 3.0%)55

PV of Terminal Value27

Enterprise Value27

(–) Net Debt1

Equity Value26

(÷) Shares Outstanding8

Fair Value per Share$3.38

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.3%	7.3%	10.3%	13.3%	16.3%
5.8%	$-2	$2	$7	$13	$19
6.8%	$-2	$1	$5	$9	$13
7.8%	$-2	$0	$3	$7	$10
8.8%	$-2	$-0	$2	$5	$8
9.8%	$-2	$-0	$2	$4	$6

Current price: $0.62. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 7.5% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Lakeside Holding Limited (LSH) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$1.34

Market Price

$0.62

Upside / Downside

+117.1%

Verdict

Undervalued

Key Assumptions

Current Operating Margin

-27.9%

Target Operating Margin

10.3%

WACC

7.8%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

0.4%

Target CapEx/Rev

6.0%

D&A/Revenue

1.1%

Tax Rate

6.5%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	21	19.5%	-20.2%	-4	-4	(0)	1	-5	-5
2027	25	16.2%	-12.6%	-3	-3	(1)	0	-4	-3
2028	28	12.9%	-5.0%	-1	-1	(1)	0	-2	-2
2029	31	9.6%	2.7%	1	1	(1)	0	-1	-0
2030	32	6.3%	10.3%	3	3	(2)	0	1	1

Enterprise Value Bridge

Sum of PV(FCFF)-10

Terminal Value (Gordon Growth at 3.0%)30

PV of Terminal Value21

Enterprise Value12

(–) Net Debt1

Equity Value10

(÷) Shares Outstanding8

Fair Value per Share$1.34

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.3%	7.3%	10.3%	13.3%	16.3%
5.8%	$-2	$0	$4	$8	$11
6.8%	$-2	$-1	$2	$5	$8
7.8%	$-2	$-1	$1	$3	$6
8.8%	$-2	$-1	$1	$3	$4
9.8%	$-2	$-1	$0	$2	$3

Current price: $0.62. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 7.5% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Trading Multiples

Fair Value

$1.47

Market Price

$0.62

Upside / Downside

+138.6%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), Lakeside Holding Limited (LSH) has a fair value of $1.47 based on 9 comparable companies in the Integrated Freight & Logistics industry.

EV/Revenue Valuation — Integrated Freight & Logistics

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Lakeside Holding LimitedLSH	5	0.3x	—
Freightos Limited Ordinary sharesCRGO	106	3.2x	3.2x
New Century Logistics (BVI) LimitedNCEW	44	7.8x	—
PS International Group Ltd.PSIG	23	0.2x	—
Air Industries GroupAIRI	12	0.7x	0.6x
VerifyMe, Inc.VRME	10	0.4x	0.3x
Intelligent Living Application Group Inc.ILAG	8	2.1x	—
Cellyan Biotechnology Co., LtdHKPD	7	0.4x	—
Hydrofarm Holdings Group, Inc.HYFM	5	1.2x	0.8x
DirectBooking Technology Co., Ltd.ZDAI	4	0.4x	—
Industry Median		0.7x	0.7x
(*) Revenue		18
= Enterprise Value		13
(-) Net Debt		1
Equity Value		11
(/) Outstanding shares		8
Fair Price		$1

Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.

Model

Range

Fair Value

Upside

▸ Discounted Cash Flow

Revenue DCF 5Y

$0.01 – $11.25

$1.34

+117.1%

Revenue DCF 10Y

$0.20 – $18.77

$3.38

+447.6%

▸ Trading Multiples

EV/Revenue

$0.75 – $4.80

$1.47

+138.6%

DCF Analysis

Lakeside Holding Limited (LSH) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$3.38

Market Price

$0.62

Upside / Downside

+447.6%

Verdict

Undervalued

Key Assumptions

Current Operating Margin

-27.9%

Target Operating Margin

10.3%

WACC

7.8%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

0.4%

Target CapEx/Rev

6.0%

D&A/Revenue

1.1%

Tax Rate

6.5%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	22	21.0%	-20.2%	-4	-4	0	(0)	1	-5	-5
2027	26	19.2%	-12.6%	-3	-3	0	(0)	0	-4	-3
2028	30	17.4%	-5.0%	-1	-1	0	(1)	0	-2	-2
2029	35	15.6%	2.7%	1	1	0	(1)	0	-0	-0
2030	40	13.8%	10.3%	4	4	0	(1)	0	3	2
2031	44	12.0%	10.3%	5	4	0	(2)	0	3	2
2032	49	10.2%	10.3%	5	5	1	(2)	0	3	2
2033	53	8.4%	10.3%	5	5	1	(3)	0	3	2
2034	57	6.6%	10.3%	6	5	1	(3)	0	3	1
2035	59	4.8%	10.3%	6	6	1	(4)	0	3	1

Enterprise Value Bridge

Sum of PV(FCFF)-0

Terminal Value (Gordon Growth at 3.0%)55

PV of Terminal Value27

Enterprise Value27

(–) Net Debt1

Equity Value26

(÷) Shares Outstanding8

Fair Value per Share$3.38

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.3%	7.3%	10.3%	13.3%	16.3%
5.8%	$-2	$2	$7	$13	$19
6.8%	$-2	$1	$5	$9	$13
7.8%	$-2	$0	$3	$7	$10
8.8%	$-2	$-0	$2	$5	$8
9.8%	$-2	$-0	$2	$4	$6

Current price: $0.62. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 7.5% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Trading Multiples

Fair Value

$1.47

Market Price

$0.62

Upside / Downside

+138.6%

Verdict

Undervalued

EV/Revenue Valuation — Integrated Freight & Logistics

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Lakeside Holding LimitedLSH	5	0.3x	—
Freightos Limited Ordinary sharesCRGO	106	3.2x	3.2x
New Century Logistics (BVI) LimitedNCEW	44	7.8x	—
PS International Group Ltd.PSIG	23	0.2x	—
Air Industries GroupAIRI	12	0.7x	0.6x
VerifyMe, Inc.VRME	10	0.4x	0.3x
Intelligent Living Application Group Inc.ILAG	8	2.1x	—
Cellyan Biotechnology Co., LtdHKPD	7	0.4x	—
Hydrofarm Holdings Group, Inc.HYFM	5	1.2x	0.8x
DirectBooking Technology Co., Ltd.ZDAI	4	0.4x	—
Industry Median		0.7x	0.7x
(*) Revenue		18
= Enterprise Value		13
(-) Net Debt		1
Equity Value		11
(/) Outstanding shares		8
Fair Price		$1