Liberbank, S.A. provides various banking products and services for households, SMEs, and self-employed customers in Spain and internationally.
Undervalued with solid track record and pays a dividend.
Share Price & News
How has Liberbank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: L6BA's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: L6BA underperformed the German Banks industry which returned -39% over the past year.
Return vs Market: L6BA underperformed the German Market which returned -16.6% over the past year.
Price Volatility Vs. Market
How volatile is Liberbank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Liberbank undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: L6BA (€0.12) is trading below our estimate of fair value (€0.21)
Significantly Below Fair Value: L6BA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: L6BA is good value based on its PE Ratio (3.7x) compared to the Banks industry average (15.2x).
PE vs Market: L6BA is good value based on its PE Ratio (3.7x) compared to the German market (16.8x).
Price to Earnings Growth Ratio
PEG Ratio: L6BA's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: L6BA is good value based on its PB Ratio (0.1x) compared to the DE Banks industry average (0.8x).
How is Liberbank forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: L6BA's earnings are forecast to decline over the next 3 years (-1.8% per year).
Earnings vs Market: L6BA's earnings are forecast to decline over the next 3 years (-1.8% per year).
High Growth Earnings: L6BA's earnings are forecast to decline over the next 3 years.
Revenue vs Market: L6BA's revenue (4% per year) is forecast to grow faster than the German market (3.9% per year).
High Growth Revenue: L6BA's revenue (4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: L6BA's Return on Equity is forecast to be low in 3 years time (2.8%).
How has Liberbank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: L6BA has high quality earnings.
Growing Profit Margin: L6BA's current net profit margins (20.1%) are higher than last year (19.6%).
Past Earnings Growth Analysis
Earnings Trend: L6BA has become profitable over the past 5 years, growing earnings by -14.3% per year.
Accelerating Growth: L6BA's earnings growth over the past year (2.3%) exceeds its 5-year average (-14.3% per year).
Earnings vs Industry: L6BA earnings growth over the past year (2.3%) exceeded the Banks industry 0.7%.
Return on Equity
High ROE: L6BA's Return on Equity (3.5%) is considered low.
How is Liberbank'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: L6BA's level of assets compared to its equity is moderate.
Allowance for Bad Loans: L6BA has a low allowance for bad loans.
Low Risk Liabilities: L6BA's liabilities are made up of primarily low risk sources of funding.
Loan Level: L6BA has an acceptable proportion of non-loan assets held.
Low Risk Deposits: L6BA's loans are broadly funded by customer deposits.
Level of Bad Loans: L6BA has a high level of bad loans (3.23%)
What is Liberbank's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: L6BA's dividend (5.26%) is higher than the bottom 25% of dividend payers in the German market (1.67%).
High Dividend: L6BA's dividend (5.26%) is in the top 25% of dividend payers in the German market (4.71%)
Stability and Growth of Payments
Stable Dividend: Too early to tell whether L6BA's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if L6BA's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (19.3%), L6BA's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: L6BA's dividends in 3 years are forecast to be well covered by earnings (33.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Manuel Menendez Menendez (60yo)
Mr. Manuel Menéndez Menéndez has been Chief Executive Officer of Liberbank, SA since 2014 and also serves as its Director since May 5, 2011. Mr. Menéndez serves as the President of the Board of Directors a ...
CEO Compensation Analysis
Compensation vs Market: Manuel's total compensation ($USD476.91K) is below average for companies of similar size in the German market ($USD1.10M).
Compensation vs Earnings: Manuel's compensation has been consistent with company performance over the past year.
|CEO & Director||no data||€441.00k||0.058% €234.2k|
|Independent Director||8.33yrs||€140.00k||no data|
|Independent Director||5yrs||€140.00k||0.0060% €24.2k|
|President of the Board||5.5yrs||€190.00k||0.0080% €32.3k|
|Independent External Director||0.17yr||no data||no data|
Experienced Board: L6BA's board of directors are considered experienced (6.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: L6BA insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.6%.
Liberbank, S.A.'s company bio, employee growth, exchange listings and data sources
- Name: Liberbank, S.A.
- Ticker: L6BA
- Exchange: DB
- Founded: 2011
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: €403.811m
- Shares outstanding: 3.04b
- Website: https://www.liberbank.es
Number of Employees
- Liberbank, S.A.
- Camino Fuente de la Mora, 5
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|LBK||BME (Bolsas y Mercados Espanoles)||Yes||Ordinary Shares||ES||EUR||May 2013|
|L6BA||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||May 2013|
|0RE4||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||May 2013|
|LBKE||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||May 2013|
|LBBR.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||May 2013|
Liberbank, S.A. provides various banking products and services for households, SMEs, and self-employed customers in Spain and internationally. The company offers deposits and accounts; cards; mortgages and loans; investment and savings products; pension plans; annuities; and insurance products. The company was formerly known as Effibank and changed its name to Liberbank, S.A. in August 2011. The company was founded in 2011 and is based in Madrid, Spain.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/08 02:23|
|End of Day Share Price||2020/04/07 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.