Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to individuals, business, and institutional customers in Canada and the United States.
Laurentian Bank of Canada Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$41.98|
|52 Week High||CA$25.74|
|52 Week Low||CA$45.13|
|1 Month Change||0.43%|
|3 Month Change||-2.91%|
|1 Year Change||41.01%|
|3 Year Change||-5.68%|
|5 Year Change||-13.85%|
|Change since IPO||150.63%|
Recent News & Updates
Laurentian Bank of Canada (TSE:LB) Has Re-Affirmed Its Dividend Of CA$0.40
Laurentian Bank of Canada ( TSE:LB ) will pay a dividend of CA$0.40 on the 1st of November. This means that the annual...
|LB||CA Banks||CA Market|
Return vs Industry: LB exceeded the Canadian Banks industry which returned 39% over the past year.
Return vs Market: LB exceeded the Canadian Market which returned 30% over the past year.
Stable Share Price: LB is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: LB's weekly volatility (2%) has been stable over the past year.
About the Company
Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to individuals, business, and institutional customers in Canada and the United States. It operates through Personal, Business Services, and Institutional segments. The company offers notice, demand, and term deposits; commercial, residential mortgage, and personal loans; equipment and inventory, and real estate financing; and credit life and disability insurance products.
Is Laurentian Bank of Canada undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: LB (CA$41.98) is trading above our estimate of fair value (CA$40.32)
Significantly Below Fair Value: LB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: LB is good value based on its PE Ratio (10x) compared to the Canadian Banks industry average (11.3x).
PE vs Market: LB is good value based on its PE Ratio (10x) compared to the Canadian market (12.9x).
Price to Earnings Growth Ratio
PEG Ratio: LB is poor value based on its PEG Ratio (4.5x)
Price to Book Ratio
PB vs Industry: LB is good value based on its PB Ratio (0.7x) compared to the CA Banks industry average (1.5x).
How is Laurentian Bank of Canada forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LB's forecast earnings growth (2.2% per year) is above the savings rate (1.5%).
Earnings vs Market: LB's earnings (2.2% per year) are forecast to grow slower than the Canadian market (12.1% per year).
High Growth Earnings: LB's earnings are forecast to grow, but not significantly.
Revenue vs Market: LB's revenue (2.6% per year) is forecast to grow slower than the Canadian market (6.1% per year).
High Growth Revenue: LB's revenue (2.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LB's Return on Equity is forecast to be low in 3 years time (7.2%).
How has Laurentian Bank of Canada performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LB has high quality earnings.
Growing Profit Margin: LB's current net profit margins (19.3%) are higher than last year (12.2%).
Past Earnings Growth Analysis
Earnings Trend: LB's earnings have declined by 2.1% per year over the past 5 years.
Accelerating Growth: LB's earnings growth over the past year (72.9%) exceeds its 5-year average (-2.1% per year).
Earnings vs Industry: LB earnings growth over the past year (72.9%) exceeded the Banks industry 36.4%.
Return on Equity
High ROE: LB's Return on Equity (7.2%) is considered low.
How is Laurentian Bank of Canada's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: LB's Assets to Equity ratio (16.3x) is moderate.
Allowance for Bad Loans: LB has a low allowance for bad loans (66%).
Low Risk Liabilities: 54% of LB's liabilities are made up of primarily low risk sources of funding.
Loan Level: LB has an appropriate level of Loans to Assets ratio (73%).
Low Risk Deposits: LB's Loans to Deposits ratio (143%) is high.
Level of Bad Loans: LB has an appropriate level of bad loans (0.8%).
What is Laurentian Bank of Canada current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: LB's dividend (3.81%) is higher than the bottom 25% of dividend payers in the Canadian market (1.63%).
High Dividend: LB's dividend (3.81%) is low compared to the top 25% of dividend payers in the Canadian market (4.45%).
Stability and Growth of Payments
Stable Dividend: LB's dividend payments have been volatile in the past 10 years.
Growing Dividend: LB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (37.9%), LB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LB's dividends in 3 years are forecast to be well covered by earnings (38.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rania Llewellyn (44 yo)
Ms. Rania Llewellyn has been President, Chief Executive Officer and Director of Laurentian Bank of Canada since October 30, 2020. Ms. Llewellyn served as an Executive Vice President of Global Corporate Pay...
CEO Compensation Analysis
Compensation vs Market: Rania's total compensation ($USD2.37M) is about average for companies of similar size in the Canadian market ($USD2.01M).
Compensation vs Earnings: Insufficient data to compare Rania's compensation with company performance.
Experienced Management: LB's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Experienced Board: LB's board of directors are considered experienced (3.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: LB insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Laurentian Bank of Canada's employee growth, exchange listings and data sources
- Name: Laurentian Bank of Canada
- Ticker: LB
- Exchange: TSX
- Founded: 1846
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: CA$1.819b
- Shares outstanding: 43.51m
- Website: https://www.lbcfg.ca
Number of Employees
- Laurentian Bank of Canada
- 1360 René-Lévesque Boulevard West
- Suite 600
- H3G 0E5
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/16 22:51|
|End of Day Share Price||2021/09/16 00:00|
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.