OTCPK:LBBR.F

Stock Analysis Report

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Executive Summary

Liberbank, S.A. provides various banking products and services for households, SMEs, and self-employed customers in Spain and internationally.


Snowflake Analysis

Good value with proven track record.


Similar Companies

Share Price & News

How has Liberbank's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: LBBR.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

LBBR.F

0.06%

US Banks

2.6%

US Market


1 Year Return

n/a

LBBR.F

-22.0%

US Banks

15.4%

US Market

Return vs Industry: Insufficient data to determine how LBBR.F performed against the US Banks industry.

Return vs Market: Insufficient data to determine how LBBR.F performed against the US Market.


Shareholder returns

LBBR.FIndustryMarket
7 Day0%0.06%2.6%
30 Day0%4.5%6.1%
90 Dayn/a5.4%16.6%
1 Yearn/a-19.3%-22.0%17.8%15.4%
3 Year-85.5%-85.5%-12.6%-19.6%43.9%34.7%
5 Yearn/a11.9%-1.6%76.2%57.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Liberbank undervalued compared to its fair value and its price relative to the market?

4.51x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: LBBR.F is good value based on its PE Ratio (4.5x) compared to the US Banks industry average (9.6x).

PE vs Market: LBBR.F is good value based on its PE Ratio (4.5x) compared to the US market (17.1x).


Price to Earnings Growth Ratio

PEG Ratio: LBBR.F is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: LBBR.F is good value based on its PB Ratio (0.2x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

How is Liberbank forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

20.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LBBR.F's forecast earnings growth (20.3% per year) is above the savings rate (2.2%).

Earnings vs Market: LBBR.F's earnings (20.3% per year) are forecast to grow slower than the US market (22.6% per year).

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

Revenue vs Market: LBBR.F's revenue is expected to decline over the next 3 years (-0.4% per year).

High Growth Revenue: LBBR.F's revenue is forecast to decline over the next 3 years (-0.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LBBR.F's Return on Equity is forecast to be low in 3 years time (2.7%).


Next Steps

Past Performance

How has Liberbank performed over the past 5 years?

-8.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LBBR.F has high quality earnings.

Growing Profit Margin: LBBR.F's current net profit margins (19.4%) are higher than last year (18.7%).


Past Earnings Growth Analysis

Earnings Trend: LBBR.F's earnings have declined by 8.4% per year over the past 5 years.

Accelerating Growth: LBBR.F's earnings growth over the past year (8.5%) exceeds its 5-year average (-8.4% per year).

Earnings vs Industry: LBBR.F earnings growth over the past year (8.5%) exceeded the Banks industry 0.5%.


Return on Equity

High ROE: LBBR.F's Return on Equity (3.5%) is considered low.


Next Steps

Financial Health

How is Liberbank'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: LBBR.F's Assets to Equity ratio (13.9x) is moderate.

Allowance for Bad Loans: LBBR.F has a low allowance for bad loans (50%).

Low Risk Liabilities: 92% of LBBR.F's liabilities are made up of primarily low risk sources of funding.

Loan Level: LBBR.F has an appropriate level of Loans to Assets ratio (61%).

Low Risk Deposits: LBBR.F's Loans to Deposits ratio (71%) is appropriate.

Level of Bad Loans: LBBR.F has a high level of bad loans (3.1%).


Next Steps

Dividend

What is Liberbank current dividend yield, its reliability and sustainability?

4.36%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LBBR.F's dividend (4.36%) is higher than the bottom 25% of dividend payers in the US market (1.64%).

High Dividend: LBBR.F's dividend (4.36%) is low compared to the top 25% of dividend payers in the US market (4.47%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether LBBR.F's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if LBBR.F's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (19.6%), LBBR.F's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: LBBR.F's dividends in 3 years are forecast to be well covered by earnings (33.6% payout ratio).


Next Steps

Management

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

5.8yrs

Average board tenure


CEO

Manuel Menendez Menendez (61 yo)

no data

Tenure

€441,000

Compensation

Mr. Manuel Menéndez Menéndez serves as Chief Executive Officer of Liberbank, SA since 2014 and also serves as its Director since May 5, 2011. He serves as the President of the Board of Directors at CAJA DE ...


CEO Compensation Analysis

Compensation vs Market: Manuel's total compensation ($USD512.91K) is below average for companies of similar size in the US market ($USD2.12M).

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


Board Members

NamePositionTenureCompensationOwnership
Manuel Menendez Menendez
CEO & Directorno data€441.00k0.058%
€ 329.4k
Jorge Delclaux Bravo
Independent Director8.58yrs€140.00kno data
Felipe Fernandez Fernandez
Director9.17yrs€110.00k0.011%
€ 62.5k
Maria Luisa Garana Corces
Independent Director5.25yrs€140.00k0.0060%
€ 34.1k
Víctor Manuel Bravo Canadas
Director9.17yrs€83.00k0.010%
€ 57.3k
Maria Encarnacion Paredes Rodriguez
Director7.5yrs€110.00k0.0080%
€ 45.4k
Pedro Manuel Rivero Torre
Independent President of the Board5.75yrs€190.00k0.0080%
€ 45.4k
David Vaamonde Juanatey
Director2.33yrsno data0.018%
€ 102.2k
Ernesto Luis Tinajero Flores
Director5.25yrs€110.00kno data
Luis Masaveu Herrero
Director5.25yrs€110.00k0.13%
€ 730.4k
María Grecna
Independent External Director0.42yrno datano data

5.8yrs

Average Tenure

61yo

Average Age

Experienced Board: LBBR.F's board of directors are considered experienced (5.8 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Liberbank, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Liberbank, S.A.
  • Ticker: LBBR.F
  • Exchange: OTCPK
  • Founded: 2011
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €488.344m
  • Listing Market Cap: €567.974m
  • Shares outstanding: 3.04b
  • Website: https://www.liberbank.es

Number of Employees


Location

  • Liberbank, S.A.
  • Camino Fuente de la Mora, 5
  • Madrid
  • Madrid
  • 28050
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LBKBME (Bolsas y Mercados Espanoles)YesOrdinary SharesESEURMay 2013
L6BADB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 2013
0RE4LSE (London Stock Exchange)YesOrdinary SharesGBEURMay 2013
LBKEBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURMay 2013
LBBR.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMay 2013

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/25 00:32
End of Day Share Price2020/04/27 00:00
Earnings2020/03/31
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.