Livingtrust Mortgage Bank PLC provides residential and commercial mortgage financing services in Nigeria.
Price History & Performance
|Historical stock prices|
|Current Share Price||₦0.73|
|52 Week High||₦0.60|
|52 Week Low||₦0.68|
|1 Month Change||7.35%|
|3 Month Change||7.35%|
|1 Year Change||21.67%|
|3 Year Change||25.86%|
|5 Year Change||n/a|
|Change since IPO||28.07%|
Recent News & Updates
|LTBNG||NG Mortgage||NG Market|
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.
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
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
|LTBNG fundamental statistics|
Is LTBNG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|LTBNG income statement (TTM)|
|Cost of Revenue||₦11.99m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.11|
|Net Profit Margin||49.12%|
How did LTBNG perform over the long term?See historical performance and comparison
1.4%Current Dividend Yield
Is Livingtrust Mortgage Bank 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: 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).
How is Livingtrust Mortgage Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Livingtrust Mortgage Bank performed over the past 5 years?
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.
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
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%).
What is Livingtrust Mortgage Bank current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Mr. Adekunle Adewole is CEO, Managing Director and Executive Director at Livingtrust Mortgage Bank PLC.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Livingtrust Mortgage Bank PLC's employee growth, exchange listings and data sources
- 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
- Livingtrust Mortgage Bank PLC
- Old Governor’s Office
- Gbongan Road
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/19 15:21|
|End of Day Share Price||2021/10/18 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.