ASX:LBL

Stock Analysis Report

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.

Snowflake

Fundamentals

Flawless balance sheet with solid track record.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-5.4%

LBL

1.8%

AU Machinery

0.1%

AU Market


1 Year Return

227.1%

LBL

15.0%

AU Machinery

11.9%

AU Market

Return vs Industry: LBL exceeded the Australian Machinery industry which returned 15% over the past year.

Return vs Market: LBL exceeded the Australian Market which returned 11.9% over the past year.


Shareholder returns

LBLIndustryMarket
7 Day-5.4%1.8%0.1%
30 Day-6.0%4.0%-1.1%
90 Day53.9%24.8%-1.4%
1 Year233.6%227.1%15.9%15.0%18.5%11.9%
3 Year538.2%481.5%-28.2%-29.5%36.4%18.1%
5 Year792.1%647.6%27.3%3.2%50.9%16.7%

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?

23.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LBL (A$0.79) is trading below our estimate of fair value (A$1.02)

Significantly Below Fair Value: LBL is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: LBL is poor value based on its PE Ratio (26.2x) compared to the Machinery industry average (13.7x).

PE vs Market: LBL is poor value based on its PE Ratio (26.2x) compared to the Australian market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate LBL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: LBL is overvalued based on its PB Ratio (7.4x) compared to the AU Machinery industry average (1.2x).


Next Steps

Future Growth

How is Laserbond forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-22.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LBL's earnings are forecast to decline over the next 3 years (-22.9% per year).

Earnings vs Market: LBL's earnings are forecast to decline over the next 3 years (-22.9% per year).

High Growth Earnings: LBL's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if LBL's revenue is forecast to grow faster than the Australian market.

High Growth Revenue: Insufficient data to determine if LBL's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if LBL's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Laserbond performed over the past 5 years?

42.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: LBL's earnings have grown significantly by 42.1% per year over the past 5 years.

Accelerating Growth: LBL's earnings growth over the past year (190.3%) exceeds its 5-year average (42.1% per year).

Earnings vs Industry: LBL earnings growth over the past year (190.3%) exceeded the Machinery industry -19.1%.


Return on Equity

High ROE: LBL's Return on Equity (27.9%) is considered high.


Return on Assets

ROA vs Industry: LBL has a higher Return on Assets than the Machinery industry average last year.


Return on Capital Employed

ROCE Improving: LBL's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Laserbond's financial position?


Financial Position Analysis

Short Term Liabilities: LBL's short term assets (A$10.1M) exceeds its short term liabilities (A$4.1M)

Long Term Liabilities: LBL's short term assets (10.1M) exceeds its long term liabilities (2.3M)


Debt to Equity History and Analysis

Debt Level: LBL is debt free.

Reducing Debt: LBL had no debt 5 years ago.

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

Inventory Level: LBL has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if LBL's debt is covered by short term assets.


Next Steps

Dividend

What is Laserbond's current dividend yield, its reliability and sustainability?

1.27%

Current Dividend Yield


Dividend Yield vs Market

company1.3%marketbottom25%2.4%markettop25%5.6%industryaverage1.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: LBL's dividend (1.27%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.44%).

High Dividend: LBL's dividend (1.27%) is low compared to the top 25% of dividend payers in the Australian market (5.58%).

Stable Dividend: LBL is not paying a notable dividend for the Australian market, therefore no need to check if payments are stable.

Growing Dividend: LBL is not paying a notable dividend for the Australian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: LBL is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of LBL's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

What is the CEO of Laserbond's salary, the management and board of directors tenure and is there insider trading?

AU$368k

CEO Compensation


CEO

Wayne Hooper 0

0yrs

Tenure

AU$367,749

Compensation

Mr. Wayne Edward Hooper serves as Chief Executive Officer and Director at Laserbond Limited. He is a Professional Engineer with significant experience within the engineering and manufacturing industries. M ...


CEO Compensation Analysis

Compensation vs. Market: Wayne's total compensation ($USD252.47K) is about average for companies of similar size in the Australian market ($USD260.53K).

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


Insider Trading

Insider Buying: LBL insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellAU$36,41011 Oct 19
Gregory Hooper
EntityIndividual
Role
Member of the Board of Directors
Chief Technology Officer
Shares46,817
Max PriceAU$0.78
SellAU$181,15403 Oct 19
Gregory Hooper
EntityIndividual
Role
Member of the Board of Directors
Chief Technology Officer
Shares236,000
Max PriceAU$0.77

Ownership Breakdown


Management Team

  • Greg Hooper

    Chief Technology Officer

    • Tenure: 27.1yrs
    • Compensation: AU$350.02k
  • Wayne Hooper

    CEO & Director

    • Tenure: 0yrs
    • Compensation: AU$367.75k
  • Matthew Twist

    CFO & Company Secretary

    • Tenure: 12.6yrs
    • Compensation: AU$170.86k

Board Members

  • Phil Suriano

    Chairman of the Board

    • Tenure: 0yrs
    • Compensation: AU$48.75k
  • Greg Hooper

    Chief Technology Officer

    • Tenure: 27.1yrs
    • Compensation: AU$350.02k
  • Wayne Hooper

    CEO & Director

    • Tenure: 0yrs
    • Compensation: AU$367.75k

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$76.262m
  • Shares outstanding: 94.74m
  • 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 Analysis2019/10/23 10:34
End of Day Share Price2019/10/23 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.