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Liberbank

LSE:0RE4
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0RE4
LSE
€1B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

Liberbank, S.A. provides various banking products and services for households, SMEs, and self-employed customers in Spain and internationally. The last earnings update was 55 days ago. More info.


Add to Portfolio Compare Print
  • Liberbank has significant price volatility in the past 3 months.
0RE4 Share Price and Events
7 Day Returns
-4.8%
LSE:0RE4
0%
GB Banks
1.5%
GB Market
1 Year Returns
-15.1%
LSE:0RE4
-9.9%
GB Banks
2.1%
GB Market
0RE4 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Liberbank (0RE4) -4.8% 4.7% -11.4% -15.1% -63.8% -84.9%
GB Banks 0% 7.6% 6.2% -9.9% 15.3% -12.2%
GB Market 1.5% 5.2% 9.7% 2.1% 17.8% 6.8%
1 Year Return vs Industry and Market
  • 0RE4 underperformed the Banks industry which returned -9.9% over the past year.
  • 0RE4 underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.1% over the past year.
Price Volatility
0RE4
Industry
5yr Volatility vs Market

0RE4 Value

 Is Liberbank 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 Liberbank 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 Liberbank.

LSE:0RE4 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 9 analysts.
= Stable Book Value * Return on Equity
= €0.99 * 5.6%
€0.06
Book Value of Equity per Share Weighted future Book Value estimates from 7 analysts. €0.99
Discount Rate (Cost of Equity) See below 17.6%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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 LSE:0RE4
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 8.2%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.595 (1 + (1- 25%) (442.1%))
2.051
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)
= 1.23% + (2 * 8.18%)
17.59%

Discounted Cash Flow Calculation for LSE:0RE4 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Liberbank 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.

LSE:0RE4 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (5.6% – 17.59%) * €0.99)
€-0.12
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-0.12 / (17.59% - 1.23%)
€-0.72
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €0.99 + €-0.72
€0.27
LSE:0RE4 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0RE4 represents 1.00502x of BME:LBK
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00502x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 0.27 x 1.00502
€0.27
Value per share (EUR) From above. €0.27
Current discount Discount to share price of €0.40
= -1 x (€0.40 - €0.27) / €0.27
-49.2%

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

  • The current share price of Liberbank 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 Liberbank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Liberbank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0RE4 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.04
BME:LBK Share Price ** BME (2019-04-24) in EUR €0.4
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 10.28x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.16x

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

** Primary Listing of Liberbank.

LSE:0RE4 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BME:LBK Share Price ÷ EPS (both in EUR)

= 0.4 ÷ 0.04

10.95x

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

  • Liberbank is overvalued based on earnings compared to the GB Banks industry average.
  • Liberbank is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Liberbank's expected growth come at a high price?
Raw Data
LSE:0RE4 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.95x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
15.3%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.85x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

LSE:0RE4 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.95x ÷ 15.3%

0.72x

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

  • Liberbank is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Liberbank's assets?
Raw Data
LSE:0RE4 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €0.93
BME:LBK Share Price * BME (2019-04-24) in EUR €0.4
United Kingdom of Great Britain and Northern Ireland Banks Industry PB Ratio Median Figure of 16 Publicly-Listed Banks Companies 0.88x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.52x
LSE:0RE4 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BME:LBK Share Price ÷ Book Value per Share (both in EUR)

= 0.4 ÷ 0.93

0.43x

* Primary Listing of Liberbank.

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

  • Liberbank is good value based on assets compared to the GB Banks industry average.
X
Value checks
We assess Liberbank'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. Liberbank 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.

0RE4 Future Performance

 How is Liberbank expected to perform in the next 1 to 3 years based on estimates from 9 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
15.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Liberbank expected to grow at an attractive rate?
  • Liberbank's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Liberbank's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Liberbank's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0RE4 Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0RE4 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 15.3%
LSE:0RE4 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 8.5%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
LSE:0RE4 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0RE4 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 784 211 1
2021-12-31 705 175 2
2020-12-31 700 171 7
2019-12-31 667 152 6
LSE:0RE4 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 550 -1,318 108
2018-09-30 98 121
2018-06-30 -48 39 -242
2018-03-31 -108 -262
2017-12-31 -114 542 -259
2017-09-30 13 779 -241
2017-06-30 691 416 123
2017-03-31 632 123
2016-12-31 742 868 129
2016-09-30 483 62
2016-06-30 500 380 77
2016-03-31 737 110

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Liberbank's earnings are expected to grow by 15.3% yearly, however this is not considered high growth (20% yearly).
  • Liberbank's revenue is expected to grow by 8.5% 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
LSE:0RE4 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Liberbank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0RE4 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.07 0.07 0.07 1.00
2021-12-31 0.06 0.06 0.05 3.00
2020-12-31 0.05 0.06 0.05 9.00
2019-12-31 0.05 0.05 0.04 6.00
LSE:0RE4 Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.04
2018-09-30
2018-06-30 -0.11
2018-03-31
2017-12-31 -0.23
2017-09-30 -0.27
2017-06-30 0.24
2017-03-31 0.14
2016-12-31 0.26
2016-09-30 0.07
2016-06-30 0.09
2016-03-31 0.12

*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.
  • Liberbank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Liberbank'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Liberbank has a total score of 3/6, 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.

0RE4 Past Performance

  How has Liberbank 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 Liberbank'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.
  • Liberbank's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Liberbank has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Liberbank has become profitable in the last year making it difficult to compare the GB Banks industry average.
Earnings and Revenue History
Liberbank'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 Liberbank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0RE4 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 550.31 107.94 356.56
2018-09-30 98.43 121.29 399.93
2018-06-30 -48.41 -241.84 409.25
2018-03-31 -107.78 -261.62 415.98
2017-12-31 -113.58 -258.71 387.36
2017-09-30 12.82 -241.05 385.01
2017-06-30 690.90 123.13 425.94
2017-03-31 632.25 122.93 393.03
2016-12-31 742.33 128.81 428.30
2016-09-30 483.07 61.55 366.62
2016-06-30 500.23 76.51 414.31
2016-03-31 736.88 109.64 433.69
2015-12-31 668.73 128.55 396.92
2015-09-30 704.27 160.96 437.71
2015-06-30 639.60 119.15 439.77
2015-03-31 457.70 48.10 444.41
2014-12-31 568.27 116.96 438.71
2014-09-30 492.11 132.17 384.51
2014-06-30 462.39 92.86 436.94
2014-03-31 471.15 114.26 442.38
2013-12-31 313.82 21.71 463.34
2013-09-30 -501.95 -196.64 463.25
2013-06-30 -2,210.16 -1,802.32 456.20
2013-03-31 -2,273.84 -1,861.19 482.22
2012-12-31 -2,186.51 -1,833.64 512.25
2012-09-30 -1,704.96 -1,528.00 537.87
2012-06-30 659.52 177.11 569.26

*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.
  • Liberbank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Liberbank used its assets less efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if Liberbank 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 Liberbank'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.
Liberbank has a total score of 0/6, 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.

0RE4 Health

 How is Liberbank'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 Liberbank'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 Liberbank Company Filings, last reported 3 months ago.

LSE:0RE4 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,830.62 5,396.24 1,060.57
2018-09-30 2,836.00 510.00 1,048.00
2018-06-30 2,770.84 675.86 1,752.53
2018-03-31 2,700.06 143.24 1,497.06
2017-12-31 2,682.68 2,018.25 735.30
2017-09-30 2,236.70 636.58 671.10
2017-06-30 2,570.95 775.24 1,208.09
2017-03-31 2,547.33 41.14 2,232.28
2016-12-31 2,552.22 1,800.30 906.35
2016-09-30 2,660.35 253.16 1,206.46
2016-06-30 2,591.94 726.96 891.38
2016-03-31 2,509.96 621.54 1,244.78
2015-12-31 2,632.16 4,932.39 811.31
2015-09-30 2,567.00 624.00 1,024.00
2015-06-30 2,549.00 507.00 1,051.00
2015-03-31 2,734.00 593.00 1,150.00
2014-12-31 2,615.20 2,992.28 923.50
2014-09-30 2,603.00 875.00 855.00
2014-06-30 2,510.38 873.20 615.40
2014-03-31 1,789.45 49.47 515.08
2013-12-31 1,522.95 3,496.54 1,100.22
2013-09-30 1,587.00 2,298.00 852.00
2013-06-30 1,580.43 2,498.44 747.87
2013-03-31 1,126.00 3,286.00 1,111.00
2012-12-31 1,099.34 3,815.33 629.07
2012-09-30 1,154.66 3,587.84 773.13
2012-06-30 2,752.93 3,789.30 977.84
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.
  • Liberbank has an acceptable proportion of non-loan assets held.
  • Liberbank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Liberbank are broadly funded by customer deposits.
  • Liberbank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Liberbank has a low allowance for bad loans.
  • Liberbank has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Liberbank'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. Liberbank has a total score of 4/6, 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.

0RE4 Dividends

 What is Liberbank'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
0%
Current annual income from Liberbank dividends. Estimated to be 4.15% next year.
If you bought €2,000 of Liberbank shares you are expected to receive €0 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?
  • Unable to evaluate Liberbank's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Liberbank's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
LSE:0RE4 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 9 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Banks Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.1%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

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

LSE:0RE4 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.03 1.00
2021-12-31 0.02 4.00
2020-12-31 0.02 10.00
2019-12-31 0.01 10.00
LSE:0RE4 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2017-10-24 0.000 0.000
2017-07-03 0.000 0.000
2016-02-24 0.000 0.000

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

  • Unable to perform a dividend volatility check as Liberbank has not reported any payouts.
  • Unable to verify if Liberbank's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Liberbank's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Liberbank has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
X
Income/ dividend checks
We assess Liberbank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Liberbank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Liberbank has a total score of 1/6, see the detailed checks below.


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

0RE4 Management

 What is the CEO of Liberbank'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
Manuel Menéndez Menéndez
COMPENSATION €441,000
AGE 59
CEO Bio

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 at CAJA DE AHORROS DE ASTURIAS and HIDROCANTÁBRICO. Mr. Menéndez Menéndez serves as the Chairman of NATURGAS ENERGÍA Grupo, S.A. and CajaAstur. He serves as Chairman of Hidroeléctrica del Cantábrico, S.A. and Liberbank SA. He served as an Executive Chairman of the Sociedad de Garantías Recíprocas de Asturias (Asturgar). He served as Vice-Chairman of SEDES, S.A. He was Executive Director of Banco de Castilla-La Mancha, S.A. from May 01, 2010 to 2018. He has been a Director of EDP Renewables North America, LLC since June 21, 2011. He has been a Non-Executive Director of EDP Renováveis S.A. since June 4, 2008. He serves as a board member of Neo Energia, of the Spanish Confederation of Savings Banks and of UNESA (Spanish Association for Electricity Industry) and a member of the Official Registry of Auditors of Accounts. He serves as a Director of CONFEDERACION ESPAÑOLA DE CAJAS DE AHORROS, S.A (CECA). He served as a Director of Banco CAM S.A.U. Mr. Menéndez Menéndez served as a Member of The Board of Directors at EDP-Energias de Portugal since January 2005 and EDP Renewables Europe SLU. He was previously a board member of CajAstur, HidroCantábrico and AIRTEL (now Vodafone). He served as a board member of ENCE and LICO Corporación. Mr. Menéndez Menéndez served as a Director at Enagas SA since April 30, 2004 and Representative of Peña Rueda. He served as a Member of General and Supervisory Board of EDP-Energias de Portugal, S.A. (formerly known as Electricidade De Portugal Sa (EDP) since April 10, 2008 and previously served the same position from 2006 to February 29, 2008 and also served as its Member of Supervisory Board since 2006. He had been a professor in the Department of Business Administration and Accountancy at the University of Oviedo, where he earned his Phd in economic sciences in 1985 (cum laude and with a Special Mention from the Board of Examiners). He holds BSc in Economics and Business Administration from the University of Oviedo in 1982. He also serves as Director of EDP Renewables North America LLC.

CEO Compensation
  • Manuel's compensation has been consistent with company performance over the past year.
  • Manuel's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Manuel Menéndez Menéndez

TITLE
CEO & Director
COMPENSATION
€441K
AGE
59

Víctor Manuel Cañadas

TITLE
First Executive Deputy Chairman of the Board
COMPENSATION
€110K

Jesús Alcalde Barrio

TITLE
Secretary
COMPENSATION
€110K

Jesús Mochales

TITLE
Chief Corporate & Financial Officer
COMPENSATION
€18K

Juan López

TITLE
Head of Corporate Development and Investor Relations

Javier Basarte Albertos

TITLE
Director of the Area of Organs Management & Compliance

Severino Jesús Suárez

TITLE
Director General of People & Media

Miguel Barra Quesada

TITLE
Chief Risk Management Officer
COMPENSATION
€14K

Jorge Fernández

TITLE
Chief Risks Officer

Jose Martin Sariego

TITLE
Director of General Secretariat
Board of Directors Tenure

Average tenure and age of the Liberbank board of directors in years:

6.8
Average Tenure
64
Average Age
  • The tenure for the Liberbank board of directors is about average.
Board of Directors

Pedro Manuel Torre

TITLE
President of the Board
COMPENSATION
€190K
TENURE
4.5 yrs

Manuel Menéndez Menéndez

TITLE
CEO & Director
COMPENSATION
€441K
AGE
59
TENURE
7.9 yrs

Víctor Manuel Cañadas

TITLE
First Executive Deputy Chairman of the Board
COMPENSATION
€110K
TENURE
7.9 yrs

Davida Marston

TITLE
Director
COMPENSATION
€140K
AGE
64
TENURE
7.3 yrs

Jorge Bravo

TITLE
Director
COMPENSATION
€140K
TENURE
7.3 yrs

Maria Garaña Corces

TITLE
Director
COMPENSATION
€140K
TENURE
4 yrs

Felipe Fernández

TITLE
Director
COMPENSATION
€110K
AGE
66
TENURE
7.9 yrs

María Encarnación Rodriguez

TITLE
Director
TENURE
6.3 yrs

Ernesto Tinajero Flores

TITLE
Director
COMPENSATION
€110K
TENURE
4 yrs

Luis Herrero

TITLE
Director
COMPENSATION
€110K
TENURE
4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
21. Sep 18 Sell Jorge Bravo Individual 20. Sep 18 20. Sep 18 -100,000 €0.50 €-50,000
X
Management checks
We assess Liberbank'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. Liberbank 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.

0RE4 News

Simply Wall St News

0RE4 Company Info

Description

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.

Details
Name: Liberbank, S.A.
0RE4
Exchange: LSE
Founded: 2011
€1,220,579,872
3,059,097,426
Website: http://www.liberbank.es
Address: Liberbank, S.A.
Camino Fuente de la Mora, 5,
Madrid,
Madrid, 28050,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME LBK Ordinary Shares Bolsas y Mercados Espanoles ES EUR 16. May 2013
OTCPK LBBR.F Ordinary Shares Pink Sheets LLC US USD 16. May 2013
DB L6BA Ordinary Shares Deutsche Boerse AG DE EUR 16. May 2013
LSE 0RE4 Ordinary Shares London Stock Exchange GB EUR 16. May 2013
BATS-CHIXE LBKE Ordinary Shares BATS 'Chi-X Europe' GB EUR 16. May 2013
Number of employees
Current staff
Staff numbers
2,759
Liberbank employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 22:22
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2019/04/24
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.