LSE:LLOY

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Lloyds Banking Group

Executive Summary

Lloyds Banking Group plc provides range of banking and financial services in the United Kingdom and internationally.


Snowflake Analysis

Excellent balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Lloyds Banking Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: LLOY's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.7%

LLOY

-4.0%

GB Banks

0.3%

GB Market


1 Year Return

-43.9%

LLOY

-41.2%

GB Banks

-11.1%

GB Market

Return vs Industry: LLOY underperformed the UK Banks industry which returned -40.9% over the past year.

Return vs Market: LLOY underperformed the UK Market which returned -12.3% over the past year.


Shareholder returns

LLOYIndustryMarket
7 Day-0.7%-4.0%0.3%
30 Day-9.7%-13.0%-1.3%
90 Day-9.9%-9.7%4.9%
1 Year-42.6%-43.9%-39.4%-41.2%-7.2%-11.1%
3 Year-52.5%-57.9%-49.1%-54.3%-5.7%-17.3%
5 Year-56.7%-64.9%-41.5%-51.8%15.9%-10.0%

Price Volatility Vs. Market

How volatile is Lloyds Banking Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Lloyds Banking Group undervalued compared to its fair value and its price relative to the market?

70x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: LLOY (£0.28) is trading above our estimate of fair value (£0.22)

Significantly Below Fair Value: LLOY is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: LLOY is poor value based on its PE Ratio (70x) compared to the GB Banks industry average (8.7x).

PE vs Market: LLOY is poor value based on its PE Ratio (70x) compared to the UK market (15.6x).


Price to Earnings Growth Ratio

PEG Ratio: LLOY is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: LLOY is good value based on its PB Ratio (0.3x) compared to the GB Banks industry average (0.5x).


Next Steps

Future Growth

How is Lloyds Banking Group forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

59.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LLOY's forecast earnings growth (59.7% per year) is above the savings rate (1.2%).

Earnings vs Market: LLOY's earnings (59.7% per year) are forecast to grow faster than the UK market (22.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: LLOY's revenue (2.1% per year) is forecast to grow slower than the UK market (4.4% per year).

High Growth Revenue: LLOY's revenue (2.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LLOY's Return on Equity is forecast to be low in 3 years time (7.8%).


Next Steps

Past Performance

How has Lloyds Banking Group performed over the past 5 years?

16.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LLOY has high quality earnings.

Growing Profit Margin: LLOY's current net profit margins (2.2%) are lower than last year (21%).


Past Earnings Growth Analysis

Earnings Trend: LLOY's earnings have grown by 16% per year over the past 5 years.

Accelerating Growth: LLOY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: LLOY had negative earnings growth (-92.1%) over the past year, making it difficult to compare to the Banks industry average (-10%).


Return on Equity

High ROE: LLOY's Return on Equity (1.6%) is considered low.


Next Steps

Financial Health

How is Lloyds Banking Group's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: LLOY's Assets to Equity ratio (17.9x) is moderate.

Allowance for Bad Loans: LLOY has a low allowance for bad loans (89%).

Low Risk Liabilities: 59% of LLOY's liabilities are made up of primarily low risk sources of funding.

Loan Level: LLOY has an appropriate level of Loans to Assets ratio (59%).

Low Risk Deposits: LLOY's Loans to Deposits ratio (105%) is appropriate.

Level of Bad Loans: LLOY has an appropriate level of bad loans (1.3%).


Next Steps

Dividend

What is Lloyds Banking Group current dividend yield, its reliability and sustainability?

5.61%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate LLOY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate LLOY's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if LLOY's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if LLOY's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: LLOY is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of LLOY's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.0yrs

Average management tenure


CEO

António de Sousa Horta-Osório (56 yo)

9.42yrs

Tenure

UK£4,727,000

Compensation

Mr. Antonio Mota de Sousa Horta-Osório has been Group Chief Executive Officer at Lloyds Bank Plc, Lloyds Banking Group Plc, HBOS plc and Bank Of Scotland plc since March 1, 2011. Mr. de Sousa Horta-Osório ...


CEO Compensation Analysis

Compensation vs Market: António's total compensation ($USD6.17M) is about average for companies of similar size in the UK market ($USD4.85M).

Compensation vs Earnings: António's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
António de Sousa Horta-Osório
Group Chief Executive & Executive Director9.42yrsUK£4.73m0.030%
£ 6.0m
William Leon Chalmers
CFO & Executive Director1yrUK£5.61m0.0022%
£ 444.3k
Juan Colombás
COO & Executive Director6.75yrsUK£2.58m0.015%
£ 3.1m
Markus Stadalmann
Chief Investment Officer5.83yrsno datano data
John Chambers
Group Chief Information Officer2.17yrsno datano data
Douglas Radcliffe
Group Investor Relations Directorno datano datano data
Catherine Cheetham
Company Secretary & Group General Counsel3.08yrsno datano data
Letitia Smith
Group Director of Conductno datano datano data
Matt Smith
Head of Media Relationsno datano datano data
Eduardo Stock da Cunha
Head of Corporate Development & Head of Commercial Banking Market4yrsno datano data
Janet Pope
Chief of Staff and Group Director of Responsible Business & Inclusion5.58yrsno data0.0043%
£ 862.6k
Steve Williams
Chief Operating Officer of Middle East13.25yrsno datano data

4.0yrs

Average Tenure

57yo

Average Age

Experienced Management: LLOY's management team is considered experienced (4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
António de Sousa Horta-Osório
Group Chief Executive & Executive Director9.42yrsUK£4.73m0.030%
£ 6.0m
William Leon Chalmers
CFO & Executive Director1yrUK£5.61m0.0022%
£ 444.3k
Juan Colombás
COO & Executive Director6.75yrsUK£2.58m0.015%
£ 3.1m
James Roger Lupton
Independent & Non-Executive Director3.17yrsUK£315.00k0.0032%
£ 633.5k
Norman Blackwell
Chairman of the Board6.33yrsUK£770.00k0.00021%
£ 41.8k
Sara Weller
Independent Director8.5yrsUK£207.00k0.00053%
£ 105.6k
Stuart Sinclair
Independent Non-Executive Director4.58yrsUK£210.00k0.00051%
£ 101.6k
Simon Peter Henry
Independent Director6.17yrsUK£186.00k0.00035%
£ 69.7k
Alan Dickinson
Independent Deputy Chairman & Senior Independent Director0.25yrUK£241.00k0.00028%
£ 55.8k
Nicholas E. Prettejohn
Independent Non-Executive Director6.17yrsUK£476.00k0.00010%
£ 19.9k
Amanda Mackenzie
Independent Director1.83yrsUK£156.00k0.000090%
£ 17.9k
Anish Mohammed
Lead Technical Advisor2.5yrsno datano data

5.4yrs

Average Tenure

59yo

Average Age

Experienced Board: LLOY's board of directors are considered experienced (5.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: LLOY insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Lloyds Banking Group plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Lloyds Banking Group plc
  • Ticker: LLOY
  • Exchange: LSE
  • Founded: 1695
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: UK£19.922b
  • Shares outstanding: 70.76b
  • Website: https://www.lloydsbankinggroup.com

Number of Employees


Location

  • Lloyds Banking Group plc
  • 25 Gresham Street
  • London
  • Greater London
  • EC2V 7HN
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LLDT.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDSep 1987
LLOYLSE (London Stock Exchange)YesOrdinary SharesGBGBPSep 1987
LLDXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURSep 1987
LLDDB (Deutsche Boerse AG)YesOrdinary SharesDEEURSep 1987
LLOYLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPSep 1987
LLOYSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFSep 1987
LYGNYSE (New York Stock Exchange)SPONSORED ADRUSUSDNov 2001
LYG NBMV (Bolsa Mexicana de Valores)SPONSORED ADRMXMXNNov 2001
LLD2DB (Deutsche Boerse AG)SPONSORED ADRDEEURNov 2001
LYGBASE (Buenos Aires Stock Exchange)CEDAR EACH REP 0.5 ADRARARSFeb 2004
LLD6LSE (London Stock Exchange)ADR REPR 1/100 6.657% NON CUM PRF 144AGBUSDJan 2009
LLD2LSE (London Stock Exchange)6.413%-FRN LT2 PERP USD '144A'GBUSDJan 2009
LLD1LSE (London Stock Exchange)6.413%-FRN PERP USD100000 'REGS'GBUSDOct 2012
A1ZEN2DB (Deutsche Boerse AG)7.875%-FRN PERP GBP200000 'PNC15' 'REGS'DEGBPMar 2014
A1ZEN1DB (Deutsche Boerse AG)7.625%-FRN PERP GBP200000 'PNC9' 'REGS'DEGBPMar 2014
ELB9LSE (London Stock Exchange)7.875%-FRN PERP GBP200000 'PNC15' 'REGS'GBGBPMar 2014

Biography

Lloyds Banking Group plc provides range of banking and financial services in the United Kingdom and internationally. It operates through three segments: Retail; Commercial Banking; and Insurance and Wealth ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/05 21:19
End of Day Share Price2020/08/05 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.