LTBN

Livingtrust Mortgage BankNGSE:LTBNG Stock Report

Market Cap

₦3.7b

7D

0%

1Y

21.7%

Updated

19 Oct, 2021

Data

Company Financials
LTBNG fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health3/6
Dividends0/6

LTBNG Overview

Livingtrust Mortgage Bank PLC provides residential and commercial mortgage financing services in Nigeria.

Price History & Performance

Summary of all time highs, changes and price drops for Livingtrust Mortgage Bank
Historical stock prices
Current Share Price₦0.73
52 Week High₦0.60
52 Week Low₦0.68
Beta-0.018
1 Month Change7.35%
3 Month Change7.35%
1 Year Change21.67%
3 Year Change25.86%
5 Year Changen/a
Change since IPO28.07%

Recent News & Updates

Shareholder Returns

LTBNGNG MortgageNG Market
7D0%0.9%1.1%
1Y21.7%-0.6%38.9%

Return vs Industry: LTBNG exceeded the NG Mortgage industry which returned -0.6% over the past year.

Return vs Market: LTBNG underperformed the NG Market which returned 38.9% over the past year.

Price Volatility

Is LTBNG's price volatile compared to industry and market?
LTBNG volatility
LTBNG Beta-0.018
Industry Beta1.05
Market Beta1

Stable Share Price: LTBNG is less volatile than 75% of NG stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: LTBNG's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199391Adekunle Adewolehttps://www.livingtrustng.com

Livingtrust Mortgage Bank PLC provides residential and commercial mortgage financing services in Nigeria. It offers national housing fund mortgage, home mortgage, individual mortgage, corporate mortgage, construction, and other loans. The company also provides home ownership, savings, children, gold personal and corporate, and access accounts, as well as term, fixed, and call deposits.

Livingtrust Mortgage Bank Fundamentals Summary

How do Livingtrust Mortgage Bank's earnings and revenue compare to its market cap?
LTBNG fundamental statistics
Market Cap₦3.65b
Earnings (TTM)₦552.73m
Revenue (TTM)₦1.13b

6.6x

P/E Ratio

1.3x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LTBNG income statement (TTM)
Revenue₦1.13b
Cost of Revenue₦11.99m
Gross Profit₦1.11b
Expenses₦560.64m
Earnings₦552.73m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.11
Gross Margin98.93%
Net Profit Margin49.12%
Debt/Equity Ratio73.0%

How did LTBNG perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

9%

Payout Ratio

Valuation

Is Livingtrust Mortgage Bank undervalued compared to its fair value and its price relative to the market?

6.6x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate LTBNG's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate LTBNG's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: LTBNG is good value based on its PE Ratio (6.6x) compared to the Global Mortgage industry average (12.2x).

PE vs Market: LTBNG is good value based on its PE Ratio (6.6x) compared to the NG market (7.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: LTBNG is overvalued based on its PB Ratio (1.3x) compared to the XF Mortgage industry average (1x).


Future Growth

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

3.6%

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 Livingtrust Mortgage Bank 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 Livingtrust Mortgage Bank performed over the past 5 years?

36.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LTBNG has a high level of non-cash earnings.

Growing Profit Margin: LTBNG's current net profit margins (49.1%) are higher than last year (20.9%).


Past Earnings Growth Analysis

Earnings Trend: LTBNG has become profitable over the past 5 years, growing earnings by 36% per year.

Accelerating Growth: LTBNG's earnings growth over the past year (404.9%) exceeds its 5-year average (36% per year).

Earnings vs Industry: LTBNG earnings growth over the past year (404.9%) exceeded the Mortgage industry 28.3%.


Return on Equity

High ROE: LTBNG's Return on Equity (20.3%) is considered high.


Financial Health

How is Livingtrust Mortgage Bank'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: LTBNG's Assets to Equity ratio (3.9x) is low.

Allowance for Bad Loans: LTBNG has a low allowance for bad loans (43%).

Low Risk Liabilities: 62% of LTBNG's liabilities are made up of primarily low risk sources of funding.

Loan Level: LTBNG has an appropriate level of Loans to Assets ratio (71%).

Low Risk Deposits: LTBNG's Loans to Deposits ratio (154%) is high.

Level of Bad Loans: LTBNG has a high level of bad loans (7.7%).


Dividend

What is Livingtrust Mortgage Bank current dividend yield, its reliability and sustainability?

1.37%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LTBNG's dividend (1.37%) isn’t notable compared to the bottom 25% of dividend payers in the NG market (3.25%).

High Dividend: LTBNG's dividend (1.37%) is low compared to the top 25% of dividend payers in the NG market (7.24%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: LTBNG is not paying a notable dividend for the NG market.


Future Payout to Shareholders

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


Next Steps

Management

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


CEO

Adekunle Adewole

no data

Tenure

Mr. Adekunle Adewole is CEO, Managing Director and Executive Director at Livingtrust Mortgage Bank PLC.


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

Livingtrust Mortgage Bank PLC's employee growth, exchange listings and data sources


Key Information

  • Name: Livingtrust Mortgage Bank PLC
  • Ticker: LTBNG
  • Exchange: NGSE
  • Founded: 1993
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: ₦3.650b
  • Shares outstanding: 5.00b
  • Website: https://www.livingtrustng.com

Number of Employees


Location

  • Livingtrust Mortgage Bank PLC
  • Old Governor’s Office
  • Gbongan Road
  • Osogbo
  • 4488
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 15:21
End of Day Share Price2021/10/18 00:00
Earnings2021/09/30
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.