ASX:LBL

Stock Analysis Report

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Executive Summary

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. More Details


Snowflake Analysis

Exceptional growth potential with flawless balance sheet.

Share Price & News

How has LaserBond's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: LBL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

LBL

-4.9%

AU Machinery

-3.9%

AU Market


1 Year Return

-6.5%

LBL

-2.3%

AU Machinery

-9.6%

AU Market

Return vs Industry: LBL underperformed the Australian Machinery industry which returned -2.3% over the past year.

Return vs Market: LBL exceeded the Australian Market which returned -9.6% over the past year.


Shareholder returns

LBLIndustryMarket
7 Day0%-4.9%-3.9%
30 Day11.7%12.8%1.8%
90 Day62.5%42.1%1.7%
1 Year-4.2%-6.5%-0.7%-2.3%-6.4%-9.6%
3 Year498.6%450.0%2.8%0.03%12.3%-1.9%
5 Year739.2%615.0%153.2%112.2%40.0%11.3%

Price Volatility Vs. Market

How volatile is LaserBond's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

24.32x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: LBL (A$0.72) is trading above our estimate of fair value (A$0.5)

Significantly Below Fair Value: LBL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: LBL is poor value based on its PE Ratio (24.3x) compared to the AU Machinery industry average (19.1x).

PE vs Market: LBL is poor value based on its PE Ratio (24.3x) compared to the Australian market (20.5x).


Price to Earnings Growth Ratio

PEG Ratio: LBL is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: LBL is overvalued based on its PB Ratio (5.6x) compared to the AU Machinery industry average (1.9x).


Next Steps

Future Growth

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

25.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LBL's forecast earnings growth (25.5% per year) is above the savings rate (2.3%).

Earnings vs Market: LBL's earnings (25.5% per year) are forecast to grow faster than the Australian market (17.6% per year).

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

Revenue vs Market: LBL's revenue (24% per year) is forecast to grow faster than the Australian market (4.8% per year).

High Growth Revenue: LBL's revenue (24% per year) is forecast to grow faster 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 (27.6%)


Next Steps

Past Performance

How has LaserBond performed over the past 5 years?

49.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LBL has high quality earnings.

Growing Profit Margin: LBL's current net profit margins (12.6%) are higher than last year (12.4%).


Past Earnings Growth Analysis

Earnings Trend: LBL's earnings have grown significantly by 49.6% per year over the past 5 years.

Accelerating Growth: LBL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: LBL had negative earnings growth (-0.2%) over the past year, making it difficult to compare to the Machinery industry average (39.3%).


Return on Equity

High ROE: LBL's Return on Equity (22.9%) is considered high.


Next Steps

Financial Health

How is LaserBond's financial position?


Financial Position Analysis

Short Term Liabilities: LBL's short term assets (A$11.8M) exceed its short term liabilities (A$4.6M).

Long Term Liabilities: LBL's short term assets (A$11.8M) exceed its long term liabilities (A$6.8M).


Debt to Equity History and Analysis

Debt Level: LBL is debt free.

Reducing Debt: LBL has not had any debt for past 5 years.

Debt Coverage: LBL has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: LBL has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

1.68%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LBL's dividend (1.68%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.23%).

High Dividend: LBL's dividend (1.68%) is low compared to the top 25% of dividend payers in the Australian market (5.53%).


Stability and Growth of Payments

Stable Dividend: LBL has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: LBL's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (37.4%), 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 (24.2% payout ratio).


Next Steps

Management

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

3.0yrs

Average management tenure


CEO

Wayne Hooper

no data

Tenure

AU$367,749

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 ($USD258.81K) is about average for companies of similar size in the Australian market ($USD274.23K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Wayne Hooper
CEO & Executive Directorno dataAU$367.75k12.92%
A$ 8.8m
Gregory Hooper
Founder & Technical Consultantno dataAU$350.02k9.71%
A$ 6.6m
Matthew Twist
CFO, Company Secretary & Executive Director0.25yrAU$170.86k0.076%
A$ 51.7k
Mike Walker
Sales Manager0.75yrno datano data
Carlie Junge
Head of Human Resources and Workplace Health & Safetyno datano datano data
Thomas Schlaefer
Head of the R&D Department3yrsno datano data

3.0yrs

Average Tenure

Experienced Management: LBL's management team is considered experienced (3 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

LaserBond Limited's company bio, 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$68.406m
  • Shares outstanding: 95.67m
  • Website: https://www.laserbond.com.au

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LBLASX (Australian Securities Exchange)YesOrdinary SharesAUAUDDec 2007
LBLCHIA (Chi-X Australia)YesOrdinary SharesAUAUDDec 2007

Biography

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-intensiv ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/31 10:40
End of Day Share Price2020/10/30 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.