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Laurentian Bank of Canada

DB:LT7
Snowflake Description

6 star dividend payer with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LT7
DB
CA$2B
Market Cap
  1. Home
  2. DE
  3. Banks
Company description

Laurentian Bank of Canada, together with its subsidiaries, provides banking services to individuals, small and medium-sized enterprises, and independent advisors in Canada and the United States. The last earnings update was 49 days ago. More info.


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LT7 Share Price and Events
7 Day Returns
0.1%
DB:LT7
0.4%
DE Banks
-0.6%
DE Market
1 Year Returns
2.8%
DB:LT7
-23.5%
DE Banks
-8.3%
DE Market
LT7 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Laurentian Bank of Canada (LT7) 0.1% 1.7% 11% 2.8% -8.6% -12.7%
DE Banks 0.4% 4.5% -16.3% -23.5% 4.7% -34.6%
DE Market -0.6% 1.8% -3.2% -8.3% 8.9% 10.6%
1 Year Return vs Industry and Market
  • LT7 outperformed the Banks industry which returned -23.5% over the past year.
  • LT7 outperformed the Market in Germany which returned -8.3% over the past year.
Price Volatility
LT7
Industry
5yr Volatility vs Market

LT7 Value

 Is Laurentian Bank of Canada undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Laurentian Bank of Canada to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Laurentian Bank of Canada.

DB:LT7 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 10 analysts.
= Stable Book Value * Return on Equity
= CA$56.81 * 8.5%
CA$4.84
Book Value of Equity per Share Weighted future Book Value estimates from 9 analysts. CA$56.81
Discount Rate (Cost of Equity) See below 12.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:LT7
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.595 (1 + (1- 26.5%) (603.98%))
2.497
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 5.96%)
12.15%

Discounted Cash Flow Calculation for DB:LT7 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Laurentian Bank of Canada is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:LT7 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.5% – 12.15%) * CA$56.81)
CA$-2.06
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CA$-2.06 / (12.15% - 0.23%)
CA$-17.28
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CA$56.81 + CA$-17.28
CA$39.54
DB:LT7 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:LT7 represents 0.67976x of TSX:LB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.67976x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 39.54 x 0.67976
€26.88
Value per share (EUR) From above. €26.88
Current discount Discount to share price of €30.63
= -1 x (€30.63 - €26.88) / €26.88
-14%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Laurentian Bank of Canada is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Laurentian Bank of Canada's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Laurentian Bank of Canada's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:LT7 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-04-30) in CAD CA$4.19
TSX:LB Share Price ** TSX (2019-07-18) in CAD CA$45.06
Germany Banks Industry PE Ratio Median Figure of 6 Publicly-Listed Banks Companies 15.05x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.71x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Laurentian Bank of Canada.

DB:LT7 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:LB Share Price ÷ EPS (both in CAD)

= 45.06 ÷ 4.19

10.76x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Laurentian Bank of Canada is good value based on earnings compared to the DE Banks industry average.
  • Laurentian Bank of Canada is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Laurentian Bank of Canada's expected growth come at a high price?
Raw Data
DB:LT7 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
13.6%per year
Europe Banks Industry PEG Ratio Median Figure of 114 Publicly-Listed Banks Companies 0.9x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

DB:LT7 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.76x ÷ 13.6%

0.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Laurentian Bank of Canada is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Laurentian Bank of Canada's assets?
Raw Data
DB:LT7 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-04-30) in CAD CA$54.52
TSX:LB Share Price * TSX (2019-07-18) in CAD CA$45.06
Germany Banks Industry PB Ratio Median Figure of 6 Publicly-Listed Banks Companies 0.7x
Germany Market PB Ratio Median Figure of 569 Publicly-Listed Companies 1.75x
DB:LT7 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:LB Share Price ÷ Book Value per Share (both in CAD)

= 45.06 ÷ 54.52

0.83x

* Primary Listing of Laurentian Bank of Canada.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Laurentian Bank of Canada is overvalued based on assets compared to the DE Banks industry average.
X
Value checks
We assess Laurentian Bank of Canada's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Laurentian Bank of Canada has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

LT7 Future Performance

 How is Laurentian Bank of Canada expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Laurentian Bank of Canada expected to grow at an attractive rate?
  • Laurentian Bank of Canada's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Laurentian Bank of Canada's earnings growth is expected to exceed the Germany market average.
  • Laurentian Bank of Canada's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:LT7 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:LT7 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 13.6%
DB:LT7 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 4.7%
Germany Banks Industry Earnings Growth Rate Market Cap Weighted Average 12%
Germany Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:LT7 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:LT7 Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-10-31 1,068 2
2020-10-31 1,044 212 9
2019-10-31 988 184 9
DB:LT7 Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-04-30 957 2,344 176
2019-01-31 976 975 192
2018-10-31 999 521 211
2018-07-31 1,018 14 217
2018-04-30 1,003 -1,638 216
2018-01-31 982 -1,631 201
2017-10-31 959 -310 189
2017-07-31 926 616 149
2017-04-30 905 1,214 139
2017-01-31 898 1,317 143
2016-10-31 879 477 139
2016-07-31 878 -167 103

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Laurentian Bank of Canada's earnings are expected to grow by 13.6% yearly, however this is not considered high growth (20% yearly).
  • Laurentian Bank of Canada's revenue is expected to grow by 4.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:LT7 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Laurentian Bank of Canada Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:LT7 Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-10-31
2020-10-31 4.77 5.12 4.34 7.00
2019-10-31 4.16 4.39 3.94 7.00
DB:LT7 Past Financials Data
Date (Data in CAD Millions) EPS *
2019-04-30 4.19
2019-01-31 4.58
2018-10-31 5.10
2018-07-31 5.39
2018-04-30 5.63
2018-01-31 5.50
2017-10-31 5.40
2017-07-31 4.47
2017-04-30 4.30
2017-01-31 4.52
2016-10-31 4.55
2016-07-31 3.46

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Laurentian Bank of Canada is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Laurentian Bank of Canada's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Laurentian Bank of Canada has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

LT7 Past Performance

  How has Laurentian Bank of Canada performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Laurentian Bank of Canada's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Laurentian Bank of Canada's year on year earnings growth rate has been positive over the past 5 years.
  • Laurentian Bank of Canada's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Laurentian Bank of Canada's 1-year earnings growth is negative, it can't be compared to the DE Banks industry average.
Earnings and Revenue History
Laurentian Bank of Canada's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Laurentian Bank of Canada Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:LT7 Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-04-30 956.54 176.25 595.73
2019-01-31 976.25 192.14 594.17
2018-10-31 999.41 210.61 594.01
2018-07-31 1,017.62 217.42 595.48
2018-04-30 1,003.46 216.29 587.88
2018-01-31 981.78 200.65 582.05
2017-10-31 959.41 189.37 576.97
2017-07-31 925.91 149.12 552.10
2017-04-30 905.19 139.49 549.67
2017-01-31 897.53 142.50 548.13
2016-10-31 879.00 138.60 542.39
2016-07-31 878.28 103.36 549.04
2016-04-30 877.04 104.24 552.20
2016-01-31 868.67 99.71 552.40
2015-10-31 862.23 92.87 558.94
2015-07-31 850.90 145.35 549.70
2015-04-30 840.41 140.09 543.20
2015-01-31 834.12 129.79 540.93
2014-10-31 832.07 129.38 535.72
2014-07-31 826.68 121.25 536.26
2014-04-30 829.57 109.21 541.80
2014-01-31 829.03 110.50 541.36
2013-10-31 829.34 107.73 539.92
2013-07-31 826.20 126.91 537.86
2013-04-30 800.49 129.28 519.74
2013-01-31 785.81 130.20 507.41
2012-10-31 763.64 127.74 491.57
2012-07-31 730.67 108.93 468.27

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Laurentian Bank of Canada has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Laurentian Bank of Canada used its assets more efficiently than the DE Banks industry average last year based on Return on Assets.
  • Unable to establish if Laurentian Bank of Canada improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Laurentian Bank of Canada's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Laurentian Bank of Canada has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

LT7 Health

 How is Laurentian Bank of Canada's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Laurentian Bank of Canada's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Laurentian Bank of Canada Company Filings, last reported 2 months ago.

DB:LT7 Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-04-30 2,551.42 11,539.36 3,377.02
2019-01-31 2,510.39 10,065.89 4,075.78
2018-10-31 2,496.20 10,937.83 6,932.65
2018-07-31 2,484.06 10,568.79 6,581.87
2018-04-30 2,443.57 11,499.76 7,052.33
2018-01-31 2,401.29 10,961.08 6,429.15
2017-10-31 2,330.41 11,475.76 5,688.40
2017-07-31 2,051.84 11,842.40 5,856.23
2017-04-30 2,036.42 12,552.16 7,436.99
2017-01-31 2,007.79 11,309.35 5,876.55
2016-10-31 1,974.83 10,120.22 5,734.38
2016-07-31 1,823.39 9,027.92 5,233.33
2016-04-30 1,787.37 9,289.43 6,315.82
2016-01-31 1,657.76 8,913.86 6,606.99
2015-10-31 1,587.03 8,365.82 6,114.28
2015-07-31 1,630.24 8,580.30 7,563.96
2015-04-30 1,595.85 8,245.30 5,960.40
2015-01-31 1,597.85 8,275.66 6,272.87
2014-10-31 1,544.61 7,618.18 5,558.88
2014-07-31 1,516.09 5,847.29 4,309.68
2014-04-30 1,481.06 6,452.32 4,039.23
2014-01-31 1,464.84 5,917.31 3,539.34
2013-10-31 1,433.57 5,861.83 3,706.29
2013-07-31 1,469.44 5,867.95 3,281.82
2013-04-30 1,481.35 6,409.29 3,594.14
2013-01-31 1,554.04 6,072.99 3,549.91
2012-10-31 1,541.13 6,825.60 3,243.51
2012-07-31 1,303.33 5,885.77 4,514.26
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Laurentian Bank of Canada has an acceptable proportion of non-loan assets held.
  • Laurentian Bank of Canada's liabilities are made up of primarily low risk sources of funding.
  • Loans at Laurentian Bank of Canada are broadly funded by customer deposits.
  • Laurentian Bank of Canada's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Laurentian Bank of Canada has a low allowance for bad loans.
  • Laurentian Bank of Canada has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Laurentian Bank of Canada's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Laurentian Bank of Canada has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

LT7 Dividends

 What is Laurentian Bank of Canada's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.86%
Current annual income from Laurentian Bank of Canada dividends. Estimated to be 5.94% next year.
If you bought €2,000 of Laurentian Bank of Canada shares you are expected to receive €117 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Laurentian Bank of Canada's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Laurentian Bank of Canada's dividend is above the markets top 25% of dividend payers in Germany (3.85%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:LT7 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
Germany Banks Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:LT7 Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-10-31 2.78 2.00
2020-10-31 2.71 8.00
2019-10-31 2.62 8.00
DB:LT7 Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-05-30 2.640 5.879
2019-02-27 2.600 6.245
2018-12-05 2.600 6.220
2018-09-04 2.560 6.072
2018-06-01 2.560 5.558
2018-02-28 2.520 5.195
2017-12-05 2.520 4.648
2017-08-29 2.480 4.209
2017-05-30 2.480 4.610
2017-02-28 2.440 4.286
2016-12-06 2.440 4.154
2016-08-31 2.400 4.797
2016-06-01 2.400 4.858
2016-02-25 2.320 4.796
2015-12-09 2.320 4.937
2015-06-03 2.240 4.482
2015-02-26 2.160 4.495
2014-12-10 2.160 4.446
2014-08-28 2.080 4.212
2014-06-04 2.080 4.125
2014-03-05 2.040 4.344
2013-12-11 2.040 4.433
2013-08-30 2.000 4.352
2013-06-05 2.000 4.484
2013-03-06 1.960 4.462
2012-12-05 1.960 4.410
2012-08-31 1.880 4.170
2012-06-06 1.880 4.028
2012-03-07 1.800 4.076
2011-12-07 1.800 3.874
2011-09-02 1.680 3.834
2011-06-02 1.680 3.842
2011-03-09 1.560 3.077
2010-12-08 1.560 3.042
2010-09-02 1.440 3.199
2010-05-26 1.440 3.255
2010-03-03 1.440 3.301
2009-12-09 1.440 3.513
2009-09-03 1.360 3.385
2009-05-27 1.360 3.917
2009-03-04 1.360 4.833
2008-12-05 1.360 4.488
2008-09-05 1.360 3.449

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Laurentian Bank of Canada's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Laurentian Bank of Canada's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Laurentian Bank of Canada afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Laurentian Bank of Canada has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

LT7 Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
François Desjardins
COMPENSATION CA$3,611,892
AGE 48
TENURE AS CEO 3.7 years
CEO Bio

Mr. François Desjardins has been the Chief Executive Officer and President at Laurentian Bank of Canada since November 1, 2015. Mr. Desjardins served as the Chief Operating Officer of Laurentian Bank of Canada from February 26, 2015 to November 1, 2015. Mr. Desjardins served as Chief Executive Officer and President of B2B Bank (formerly, B2B Trust) since 2005 until June 2015. He served as Executive Vice President of Laurentian Bank of Canada from February 28, 2006 to February 2015 and served as its Executive Vice President of Agency Banking. He served as Chief Executive Officer and President of LBC Trust. He served as the Chief Operating Officer of B2B Bank, Inc. since July 1, 2004. He served as a Vice President of Direct Financial Services where he was responsibilities included the Call Centres, the websites, the VISA and client cards, as well as the network. Mr. Desjardins has keen knowledge of Laurentian Bank. He joined B2B Trust in 1991. Mr. Desjardins served as a Vice President of Call Centre and E-Banking Services of Laurentian Bank of Canada. He has been a Director of Laurentian Bank of Canada since November 1, 2015. He serves as a Director of FundSERV Inc. He has a Bachelor of Business Administration Degree from HEC Montreal.

CEO Compensation
  • François's compensation has been consistent with company performance over the past year, both up more than 20%.
  • François's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Laurentian Bank of Canada management team in years:

3.8
Average Tenure
  • The tenure for the Laurentian Bank of Canada management team is about average.
Management Team

François Desjardins

TITLE
President
COMPENSATION
CA$4M
AGE
48
TENURE
3.7 yrs

François Laurin

TITLE
Executive VP of Finance
COMPENSATION
CA$1M
AGE
59
TENURE
3.9 yrs

Deborah Rose

TITLE
Executive VP
COMPENSATION
CA$2M
TENURE
1.1 yrs

Stéphane Therrien

TITLE
Executive Vice President of Personal & Commercial Banking
COMPENSATION
CA$2M
TENURE
4.1 yrs

André Lopresti

TITLE
Senior VP & Chief Accountant

Susan Cohen

TITLE
Director of Investor Relations

Emmanuela Fleurandin

TITLE
Senior Legal Counsel & Assistant Secretary

Helene Soulard

TITLE
Assistant Vice President of Communications

Rick Lane

TITLE
SVP of Real Estate Financing and VP of Real Estate Financing - Ontario & Western Canada

Claude Jobin

TITLE
Chief Accountant & VP of Commercial Credit
Board of Directors Tenure

Average tenure and age of the Laurentian Bank of Canada board of directors in years:

4.1
Average Tenure
61.5
Average Age
  • The tenure for the Laurentian Bank of Canada board of directors is about average.
Board of Directors

Michael Mueller

TITLE
Chairman
AGE
60
TENURE
0.3 yrs

François Desjardins

TITLE
President
COMPENSATION
CA$4M
AGE
48
TENURE
3.7 yrs

Michelle Savoy

TITLE
Corporate Director
COMPENSATION
CA$121K
AGE
59
TENURE
7.3 yrs

A. Lavigne

TITLE
Corporate Director
COMPENSATION
CA$137K
AGE
69
TENURE
6.3 yrs

Michael Boychuk

TITLE
Independent Corporate Director
COMPENSATION
CA$149K
AGE
63
TENURE
5.9 yrs

Sonia Baxendale

TITLE
Corporate Director
COMPENSATION
CA$112K
AGE
57
TENURE
2.9 yrs

Lise Bastarache

TITLE
Corporate Director
COMPENSATION
CA$112K
AGE
55
TENURE
13.3 yrs

Susan Jenah

TITLE
Corporate Director
COMPENSATION
CA$113K
AGE
63
TENURE
4.6 yrs

David Morris

TITLE
Corporate Director
COMPENSATION
CA$113K
AGE
64
TENURE
1.8 yrs

Jonathan Wener

TITLE
Director Emeritus
COMPENSATION
CA$64K
AGE
68
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
14. Dec 18 Buy Jonathan Wener Individual 10. Dec 18 10. Dec 18 2,200 €25.39 €55,867
07. Sep 18 Buy William Mason Individual 07. Sep 18 07. Sep 18 5,000 €27.88 €139,373
X
Management checks
We assess Laurentian Bank of Canada's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Laurentian Bank of Canada has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

LT7 News

Simply Wall St News

LT7 Company Info

Description

Laurentian Bank of Canada, together with its subsidiaries, provides banking services to individuals, small and medium-sized enterprises, and independent advisors in Canada and the United States. It operates through four segments: Retail Services, Business Services, B2B Bank, and Capital Markets. The company offers transactional products and current accounts, term deposits, and investment accounts; personal line of credit, personal loans, student loans, and registered retirement savings plans; financing for agriculture, real estate, and commercial industries, as well as small and medium-sized enterprises; mortgage solutions, such as variable-rate mortgage, fixed-rate mortgage, equity line of credit, mortgage insurance, and retirement line of credit; and credit and business cards, as well as equipment finance solutions. It also provides investment products, including fixed-rate investments, indexed investments, mutual funds, systematic savings plans, retirement projection plans, registered plans, bank securities, deposit-insurance, and power-of-attorneys; short-term and long-term investment solutions; and guaranteed investment certificates, as well as offers credit insurance products. In addition, the company offers leasing solutions, cash management and international services, and electronic banking services. Laurentian Bank of Canada was founded in 1846 and is headquartered in Montréal, Canada.

Details
Name: Laurentian Bank of Canada
LT7
Exchange: DB
Founded: 1846
CA$1,300,290,224
42,324,813
Website: http://www.laurentianbank.ca
Address: Laurentian Bank of Canada
1360 René-Lévesque Boulevard West,
suite 600,
Montréal,
Quebec, H3G 0E5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX LB Common Shares The Toronto Stock Exchange CA CAD 18. Jul 1983
OTCPK LRCD.F Common Shares Pink Sheets LLC US USD 18. Jul 1983
DB LT7 Common Shares Deutsche Boerse AG DE EUR 18. Jul 1983
TSX LB.PRJ PFD SHS SER 15 The Toronto Stock Exchange CA CAD 18. Mar 2016
Number of employees
Current staff
Staff numbers
3,300
Laurentian Bank of Canada employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 21:52
End of day share price update: 2019/07/18 00:00
Last estimates confirmation: 2019/07/15
Last earnings filing: 2019/05/30
Last earnings reported: 2019/04/30
Last annual earnings reported: 2018/10/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.