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LOM

Lombard Bank Malta MTSE:LOM Stock Report

Last Price

€1.85

Market Cap

€82.8m

7D

0%

1Y

-6.3%

Updated

15 May, 2022

Data

Company Financials
LOM fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends0/6

LOM Stock Overview

Lombard Bank Malta p.l.c. provides banking and financial services to individual and corporate clients in Malta.

Lombard Bank Malta Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Lombard Bank Malta
Historical stock prices
Current Share Price€1.85
52 Week High€2.19
52 Week Low€1.80
Beta0.20
1 Month Change1.09%
3 Month Change-3.14%
1 Year Change-6.27%
3 Year Change-19.20%
5 Year Change-21.56%
Change since IPO540.87%

Recent News & Updates

Shareholder Returns

LOMMT BanksMT Market
7D0%1.2%-1.9%
1Y-6.3%-11.6%-5.8%

Return vs Industry: LOM exceeded the MT Banks industry which returned -11.6% over the past year.

Return vs Market: LOM matched the MT Market which returned -5.8% over the past year.

Price Volatility

Is LOM's price volatile compared to industry and market?
LOM volatility
LOM Average Weekly Movementn/a
Banks Industry Average Movement5.7%
Market Average Movement6.5%
10% most volatile stocks in MT Market11.9%
10% least volatile stocks in MT Market3.6%

Stable Share Price: Insufficient data to determine LOM's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine LOM's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1955961Joseph Saidhttps://www.lombardmalta.com

Lombard Bank Malta p.l.c. provides banking and financial services to individual and corporate clients in Malta. The company operates through Banking Services and Postal Services segments. It offers current, savings, basic payment, foreign currency, and term deposit accounts; and personal and business overdrafts, business and personal loans, foreign currency loans, cards, and safe deposit lockers, as well as guarantees, documentary collections, and documentary credits.

Lombard Bank Malta Fundamentals Summary

How do Lombard Bank Malta's earnings and revenue compare to its market cap?
LOM fundamental statistics
Market Cap€82.82m
Earnings (TTM)€6.78m
Revenue (TTM)€60.44m

12.2x

P/E Ratio

0.6x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LOM income statement (TTM)
Revenue€60.44m
Cost of Revenue€2.10m
Gross Profit€58.34m
Other Expenses€51.56m
Earnings€6.78m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.15
Gross Margin96.53%
Net Profit Margin11.21%
Debt/Equity Ratio0.7%

How did LOM perform over the long term?

See historical performance and comparison

Dividends

1.6%

Current Dividend Yield

20%

Payout Ratio

Valuation

Is Lombard Bank Malta undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


33.1%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: LOM (€1.85) is trading below our estimate of fair value (€2.76)

Significantly Below Fair Value: LOM is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: LOM is poor value based on its PE Ratio (12.2x) compared to the European Banks industry average (9.3x).

PE vs Market: LOM is good value based on its PE Ratio (12.2x) compared to the MT market (24.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate LOM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: LOM's PB Ratio (0.6x) is in line with the XE Banks industry average.


Future Growth

How is Lombard Bank Malta forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.5%

Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Lombard Bank Malta has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Lombard Bank Malta performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


11.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: LOM has high quality earnings.

Growing Profit Margin: LOM's current net profit margins (11.2%) are lower than last year (14.5%).


Past Earnings Growth Analysis

Earnings Trend: LOM's earnings have grown by 11.5% per year over the past 5 years.

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

Earnings vs Industry: LOM had negative earnings growth (-21%) over the past year, making it difficult to compare to the Banks industry average (36%).


Return on Equity

High ROE: LOM's Return on Equity (5.2%) is considered low.


Financial Health

How is Lombard Bank Malta's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

4/6

Financial Health Score 4/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: LOM's Assets to Equity ratio (8.4x) is low.

Allowance for Bad Loans: LOM has a low allowance for bad loans (39%).

Low Risk Liabilities: 95% of LOM's liabilities are made up of primarily low risk sources of funding.

Loan Level: LOM has an appropriate level of Loans to Assets ratio (63%).

Low Risk Deposits: LOM's Loans to Deposits ratio (75%) is appropriate.

Level of Bad Loans: LOM has a high level of bad loans (11.3%).


Dividend

What is Lombard Bank Malta current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.62%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: LOM's dividend (1.62%) isn’t notable compared to the bottom 25% of dividend payers in the MT market (2.48%).

High Dividend: LOM's dividend (1.62%) is low compared to the top 25% of dividend payers in the MT market (5.76%).


Stability and Growth of Payments

Stable Dividend: LOM is not paying a notable dividend for the MT market, therefore no need to check if payments are stable.

Growing Dividend: LOM is not paying a notable dividend for the MT market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Earnings Coverage: LOM is not paying a notable dividend for the MT market.


Future Payout to Shareholders

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


Next Steps

Management

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

11.1yrs

Average management tenure


CEO

Joseph Said

21.42yrs

Tenure

€6,985

Compensation

Mr. Joseph Said, F.C.I.B, serves as the Chief Executive Officer of Lombard Bank Malta Plc. Mr. Said serves as the Chairman of Maltapost p.l.c. and has been its Director since August 18, 2006. He serves as...


Leadership Team

Experienced Management: LOM's management team is seasoned and experienced (11.1 years average tenure).


Board Members

Experienced Board: LOM's board of directors are seasoned and experienced ( 19.3 years average tenure).


Ownership

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.


Ownership Breakdown

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


Top Shareholders

Company Information

Lombard Bank Malta p.l.c.'s employee growth, exchange listings and data sources


Key Information

  • Name: Lombard Bank Malta p.l.c.
  • Ticker: LOM
  • Exchange: MTSE
  • Founded: 1955
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: €82.819m
  • Shares outstanding: 44.77m
  • Website: https://www.lombardmalta.com

Number of Employees


Location

  • Lombard Bank Malta p.l.c.
  • 67 Republic Street
  • Valletta
  • 1117
  • Malta

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/15 00:00
End of Day Share Price2022/05/12 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.