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LBL

LaserBondASX:LBL Stock Report

Market Cap

AU$92.4m

7D

1.1%

1Y

34.3%

Updated

24 Oct, 2021

Data

Company Financials +
LBL fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance2/6
Financial Health6/6
Dividends3/6

LBL Overview

LaserBond Limited, a surface engineering company, engages in the development and application of materials, technologies, and methodologies to enhance operating performance and wear life of capital-intensive machinery components in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for LaserBond
Historical stock prices
Current Share PriceAU$0.96
52 Week HighAU$0.53
52 Week LowAU$1.07
Beta0.19
1 Month Change3.78%
3 Month Change-0.52%
1 Year Change34.27%
3 Year Change326.67%
5 Year Change638.46%
Change since IPO357.14%

Recent News & Updates

Sep 24
The Return Trends At LaserBond (ASX:LBL) Look Promising

The Return Trends At LaserBond (ASX:LBL) Look Promising

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...

May 30
Returns At LaserBond (ASX:LBL) Are On The Way Up

Returns At LaserBond (ASX:LBL) Are On The Way Up

What trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...

Shareholder Returns

LBLAU MachineryAU Market
7D1.1%-1.3%0.6%
1Y34.3%47.5%21.3%

Return vs Industry: LBL underperformed the Australian Machinery industry which returned 47.5% over the past year.

Return vs Market: LBL exceeded the Australian Market which returned 21.3% over the past year.

Price Volatility

Is LBL's price volatile compared to industry and market?
LBL volatility
LBL Beta0.19
Industry Beta1.33
Market Beta1

Stable Share Price: LBL is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: LBL's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1992109Wayne Hooperhttps://laserbond.com.au

LaserBond Limited, a surface engineering company, engages in the development and application of materials, technologies, and methodologies to enhance operating performance and wear life of capital-intensive machinery components in Australia. The company offers composite carbide steel mill rolls; and drilling tools. It also provides laser cladding, welding, machining, heat treatment, metallurgy laboratory, surface coating, remanufacturing, and vacuum heat treatment services, as well as thermal spraying, hard facing, and polymer coating services.

LaserBond Fundamentals Summary

How do LaserBond's earnings and revenue compare to its market cap?
LBL fundamental statistics
Market CapAU$92.37m
Earnings (TTM)AU$2.84m
Revenue (TTM)AU$24.66m

32.6x

P/E Ratio

3.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LBL income statement (TTM)
RevenueAU$24.66m
Cost of RevenueAU$12.38m
Gross ProfitAU$12.29m
ExpensesAU$9.45m
EarningsAU$2.84m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.029
Gross Margin49.82%
Net Profit Margin11.51%
Debt/Equity Ratio0%

How did LBL perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

41%

Payout Ratio

Valuation

Is LaserBond undervalued compared to its fair value and its price relative to the market?

29.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LBL (A$0.96) is trading below our estimate of fair value (A$1.37)

Significantly Below Fair Value: LBL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: LBL is poor value based on its PE Ratio (32.6x) compared to the Australian Machinery industry average (31.3x).

PE vs Market: LBL is poor value based on its PE Ratio (32.6x) compared to the Australian market (19.9x).


Price to Earnings Growth Ratio

PEG Ratio: LBL is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: LBL is overvalued based on its PB Ratio (6.5x) compared to the AU Machinery industry average (2.3x).


Future Growth

How is LaserBond forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

25.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LBL's forecast earnings growth (25.8% per year) is above the savings rate (1.9%).

Earnings vs Market: LBL's earnings (25.8% per year) are forecast to grow faster than the Australian market (11.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: LBL's revenue (18.1% per year) is forecast to grow faster than the Australian market (5.5% per year).

High Growth Revenue: LBL's revenue (18.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LBL's Return on Equity is forecast to be high in 3 years time (26.5%)


Past Performance

How has LaserBond performed over the past 5 years?

34.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LBL has high quality earnings.

Growing Profit Margin: LBL's current net profit margins (11.5%) are lower than last year (12.6%).


Past Earnings Growth Analysis

Earnings Trend: LBL's earnings have grown significantly by 34% per year over the past 5 years.

Accelerating Growth: LBL's earnings growth over the past year (1.2%) is below its 5-year average (34% per year).

Earnings vs Industry: LBL earnings growth over the past year (1.2%) underperformed the Machinery industry 1.2%.


Return on Equity

High ROE: LBL's Return on Equity (19.9%) is considered low.


Financial Health

How is LaserBond's financial position?


Financial Position Analysis

Short Term Liabilities: LBL's short term assets (A$14.9M) exceed its short term liabilities (A$6.1M).

Long Term Liabilities: LBL's short term assets (A$14.9M) exceed its long term liabilities (A$9.1M).


Debt to Equity History and Analysis

Debt Level: LBL's debt to equity ratio (0%) is considered satisfactory.

Reducing Debt: LBL's debt to equity ratio has reduced from 0% to 0% over the past 5 years.

Debt Coverage: LBL's debt is well covered by operating cash flow (47569310%).

Interest Coverage: LBL's interest payments on its debt are well covered by EBIT (6.1x coverage).


Balance Sheet


Dividend

What is LaserBond current dividend yield, its reliability and sustainability?

1.25%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LBL's dividend (1.25%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.23%).

High Dividend: LBL's dividend (1.25%) is low compared to the top 25% of dividend payers in the Australian market (5.3%).


Stability and Growth of Payments

Stable Dividend: LBL's dividend payments have been volatile in the past 10 years.

Growing Dividend: LBL's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (40.6%), LBL's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: LBL's dividends in 3 years are forecast to be well covered by earnings (40.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.1yrs

Average management tenure


CEO

Wayne Hooper

no data

Tenure

AU$352,076

Compensation

Mr. Wayne Edward Hooper, GAICD serves as Chief Executive Officer and Director at Laserbond Limited & joined in 1994. He is a Professional Engineer with significant technical and management experience withi...


CEO Compensation Analysis

Compensation vs Market: Wayne's total compensation ($USD263.06K) is about average for companies of similar size in the Australian market ($USD302.87K).

Compensation vs Earnings: Wayne's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: LBL's management team is considered experienced (4.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

LaserBond Limited's employee growth, exchange listings and data sources


Key Information

  • Name: LaserBond Limited
  • Ticker: LBL
  • Exchange: ASX
  • Founded: 1992
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: AU$92.374m
  • Shares outstanding: 96.22m
  • Website: https://laserbond.com.au

Number of Employees


Location

  • LaserBond Limited
  • 2/57 Anderson Road
  • Smeaton Grange
  • Sydney
  • New South Wales
  • 2567
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/24 07:05
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.