Liechtensteinische Landesbank Aktiengesellschaft

SWX:LLBN Stock Report

Market Cap: CHF 2.3b

Liechtensteinische Landesbank Valuation

Is LLBN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of LLBN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
CHF 98.72
Fair Value
24.6% undervalued intrinsic discount
2
Number of Analysts

Below Fair Value: LLBN (CHF74.4) is trading below our estimate of fair value (CHF98.72)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LLBN?

Key metric: As LLBN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for LLBN. This is calculated by dividing LLBN's market cap by their current earnings.
What is LLBN's PE Ratio?
PE Ratio13.7x
EarningsCHF 166.14m
Market CapCHF 2.27b

Price to Earnings Ratio vs Peers

How does LLBN's PE Ratio compare to its peers?

The above table shows the PE ratio for LLBN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.6x
BEKN Berner Kantonalbank
13xn/aCHF 2.3b
TKBP Thurgauer Kantonalbank
16.5xn/aCHF 2.6b
BLKB Basellandschaftliche Kantonalbank
12.5xn/aCHF 1.9b
ZUGER Zuger Kantonalbank
20.4xn/aCHF 2.5b
LLBN Liechtensteinische Landesbank
13.7xn/aCHF 2.3b

Price-To-Earnings vs Peers: LLBN is good value based on its Price-To-Earnings Ratio (13.7x) compared to the peer average (15.6x).

Price to Earnings Ratio vs Industry

How does LLBN's PE Ratio compare vs other companies in the European Banks Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
LLBN 13.7xIndustry Avg. 8.3xNo. of Companies41PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: LLBN is expensive based on its Price-To-Earnings Ratio (13.7x) compared to the European Banks industry average (8.3x).

Price to Earnings Ratio vs Fair Ratio

What is LLBN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LLBN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate LLBN's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst LLBN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 74.40
CHF 88.00
+18.3%
2.3%CHF 90.00CHF 86.00n/a2
Jan ’26CHF 70.30
CHF 88.00
+25.2%
2.3%CHF 90.00CHF 86.00n/a2
Dec ’25CHF 68.70
CHF 88.00
+28.1%
2.3%CHF 90.00CHF 86.00n/a2
Nov ’25CHF 70.60
CHF 88.00
+24.6%
2.3%CHF 90.00CHF 86.00n/a2
Oct ’25CHF 71.20
CHF 88.00
+23.6%
2.3%CHF 90.00CHF 86.00n/a2
Sep ’25CHF 73.10
CHF 88.00
+20.4%
2.3%CHF 90.00CHF 86.00n/a2
Aug ’25CHF 74.60
CHF 88.00
+18.0%
2.3%CHF 90.00CHF 86.00n/a2
Jul ’25CHF 71.80
CHF 85.00
+18.4%
5.9%CHF 90.00CHF 80.00n/a2
Analyst Price Target
Consensus Narrative from 2 Analysts
CHF 88.00
Fair Value
15.5% undervalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/06 08:32
End of Day Share Price 2025/02/06 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Liechtensteinische Landesbank Aktiengesellschaft is covered by 8 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tobias BrutschBank Vontobel AG
Thomas KalbermattenCredit Suisse
Jose LodeiroOppenheim Research GMBH