Liberbank, S.A. provides various banking products and services for households, SMEs, and self-employed customers in Spain and internationally.
Solid track record and good value.
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: LBK's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: LBK underperformed the Spanish Banks industry which returned -40.7% over the past year.
Return vs Market: LBK underperformed the Spanish Market which returned -14.9% 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
1 month ago | Simply Wall StThose Who Purchased Liberbank (BME:LBK) Shares Five Years Ago Have A 93% Loss To Show For It
2 months ago | Simply Wall StWhat Type Of Shareholder Owns Liberbank, S.A.'s (BME:LBK)?
3 months ago | Simply Wall StHow Much Did Liberbank, S.A.'s (BME:LBK) CEO Pocket Last Year?
Is Liberbank 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: LBK (€0.19) is trading above our estimate of fair value (€0.09)
Significantly Below Fair Value: LBK is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: LBK is good value based on its PE Ratio (5.2x) compared to the Banks industry average (7.3x).
PE vs Market: LBK is good value based on its PE Ratio (5.2x) compared to the Spanish market (16x).
Price to Earnings Growth Ratio
PEG Ratio: LBK is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: LBK is good value based on its PB Ratio (0.2x) compared to the ES Banks industry average (0.3x).
How is Liberbank 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: LBK's forecast earnings growth (9.7% per year) is above the savings rate (1.3%).
Earnings vs Market: LBK's earnings (9.7% per year) are forecast to grow slower than the Spanish market (18.2% per year).
High Growth Earnings: LBK's earnings are forecast to grow, but not significantly.
Revenue vs Market: LBK's revenue is expected to decline over the next 3 years (-0.3% per year).
High Growth Revenue: LBK's revenue is forecast to decline over the next 3 years (-0.3% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LBK's Return on Equity is forecast to be low in 3 years time (2.5%).
How has Liberbank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LBK has high quality earnings.
Growing Profit Margin: LBK's current net profit margins (19.4%) are higher than last year (18.7%).
Past Earnings Growth Analysis
Earnings Trend: LBK has become profitable over the past 5 years, growing earnings by -8.4% per year.
Accelerating Growth: LBK's earnings growth over the past year (8.5%) exceeds its 5-year average (-8.4% per year).
Earnings vs Industry: LBK earnings growth over the past year (8.5%) exceeded the Banks industry -21.2%.
Return on Equity
High ROE: LBK'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: LBK's Assets to Equity ratio (13.9x) is moderate.
Allowance for Bad Loans: LBK has a low allowance for bad loans (50%).
Low Risk Liabilities: 92% of LBK's liabilities are made up of primarily low risk sources of funding.
Loan Level: LBK has an appropriate level of Loans to Assets ratio (61%).
Low Risk Deposits: LBK's Loans to Deposits ratio (71%) is appropriate.
Level of Bad Loans: LBK has a high level of bad loans (3.1%).
What is Liberbank's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: LBK's dividend (3.77%) is higher than the bottom 25% of dividend payers in the Spanish market (2.55%).
High Dividend: LBK's dividend (3.77%) is low compared to the top 25% of dividend payers in the Spanish market (6.97%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether LBK's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if LBK's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (19.6%), LBK's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LBK's dividends in 3 years are forecast to be well covered by earnings (29.2% 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 ($USD499.09K) is below average for companies of similar size in the Spanish market ($USD825.84K).
Compensation vs Earnings: Manuel's compensation has been consistent with company performance over the past year.
|CEO & Director||no data||€441.00k||0.058% €327.3k|
|Independent Director||8.5yrs||€140.00k||no data|
|Independent Director||5.17yrs||€140.00k||0.0060% €33.9k|
|Independent President of the Board||5.67yrs||€190.00k||0.0080% €45.1k|
|Independent External Director||0.33yr||no data||no data|
Experienced Board: LBK's board of directors are considered experienced (6.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if 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.
Liberbank, S.A.'s company bio, employee growth, exchange listings and data sources
- Name: Liberbank, S.A.
- Ticker: LBK
- Exchange: BME
- Founded: 2011
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: €564.362m
- 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||2020/06/05 23:27|
|End of Day Share Price||2020/06/05 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.