Laurentian Bank of Canada

OTCPK:LRCD.F Stock Report

Market Cap: US$878.4m

Laurentian Bank of Canada Valuation

Is LRCD.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of LRCD.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
US$32.12
Fair Value
38.0% undervalued intrinsic discount
9
Number of Analysts

Below Fair Value: LRCD.F ($19.9) is trading below our estimate of fair value ($32.36)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LRCD.F?

Key metric: As LRCD.F is an unprofitable bank we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for LRCD.F. This is calculated by dividing LRCD.F's market cap by their current book value.
What is LRCD.F's PB Ratio?
PB Ratio0.5x
BookCA$2.71b
Market CapCA$1.26b

Price to Book Ratio vs Peers

How does LRCD.F's PB Ratio compare to its peers?

The above table shows the PB ratio for LRCD.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average1.2x
NTB Bank of N.T. Butterfield & Son
1.5x-6.7%US$1.6b
FNBT FineMark Holdings
0.9xn/aUS$322.4m
INTR Inter & Co
1.3x41.5%US$1.9b
OAKC Oakworth Capital
1.3xn/aUS$160.6m
LRCD.F Laurentian Bank of Canada
0.5x84.0%US$1.3b

Price-To-Book vs Peers: LRCD.F is good value based on its Price-To-Book Ratio (0.5x) compared to the peer average (1.2x).

Price to Book Ratio vs Industry

How does LRCD.F's PB Ratio compare vs other companies in the US Banks Industry?

4 CompaniesPrice / BookEstimated GrowthMarket Cap
FRCB First Republic Bank
0.002xn/aUS$27.98m
SBNY Signature Bank
0.0003xn/aUS$2.18m
BKES.F Banco Espírito Santo
n/an/aUS$56.01k
BCBH.F Caribbean Investment Holdings
n/an/aUS$132.00
No more companies available in this PB range
LRCD.F 0.5xIndustry Avg. 1.0xNo. of Companies140PB00.61.21.82.43+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: LRCD.F is good value based on its Price-To-Book Ratio (0.5x) compared to the US Banks industry average (1x).

Price to Book Ratio vs Fair Ratio

What is LRCD.F's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LRCD.F PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.5x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate LRCD.F's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst LRCD.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$19.90
US$20.81
+4.6%
8.3%US$23.06US$17.47n/a9
Jan ’26n/a
US$20.81
0%
8.3%US$23.06US$17.47n/a9
Dec ’25n/a
US$19.91
0%
6.9%US$22.04US$17.77n/a9
Nov ’25US$19.11
US$19.06
-0.3%
6.1%US$20.78US$16.48n/a10
Oct ’25US$20.15
US$19.38
-3.8%
5.4%US$20.64US$16.95n/a10
Sep ’25US$19.17
US$19.44
+1.4%
4.5%US$20.78US$17.81n/a10
Aug ’25n/a
US$19.45
0%
9.6%US$24.04US$17.48n/a10
Jul ’25US$19.46
US$19.45
-0.02%
9.6%US$24.04US$17.48n/a10
Jun ’25US$18.29
US$20.32
+11.1%
9.0%US$24.11US$18.99n/a11
May ’25US$19.00
US$20.13
+5.9%
10.1%US$24.27US$17.65n/a11
Apr ’25US$21.00
US$20.13
-4.2%
10.1%US$24.27US$17.65n/a11
Mar ’25US$20.16
US$20.25
+0.5%
10.0%US$24.34US$17.70n/a11
Feb ’25US$19.65
US$21.94
+11.7%
7.9%US$24.71US$19.47n/a10
Jan ’25US$20.96
US$21.56
+2.8%
8.9%US$24.68US$19.45n/a11
Dec ’24US$18.75
US$23.11
+23.3%
14.2%US$31.54US$19.80n/a10
Nov ’24US$18.31
US$26.04
+42.2%
11.5%US$31.59US$19.83US$19.1111
Oct ’24US$22.45
US$27.24
+21.3%
11.0%US$33.13US$23.56US$20.1511
Sep ’24US$26.66
US$30.48
+14.3%
11.2%US$39.70US$26.47US$19.1713
Aug ’24US$29.88
US$32.80
+9.8%
17.7%US$45.76US$25.93n/a13
Jul ’24US$25.02
US$28.86
+15.4%
14.8%US$40.97US$24.58US$19.4612
Jun ’24US$22.25
US$28.57
+28.4%
15.1%US$40.72US$23.69US$18.2912
May ’24US$23.35
US$29.54
+26.5%
13.6%US$40.45US$24.27US$19.0012
Apr ’24US$23.48
US$29.54
+25.8%
13.6%US$40.45US$24.27US$21.0012
Mar ’24US$25.20
US$29.54
+17.2%
13.6%US$40.45US$24.27US$20.1612
Feb ’24US$26.71
US$29.56
+10.7%
14.1%US$40.39US$24.24US$19.6512
Jan ’24US$23.86
US$29.56
+23.9%
14.1%US$40.39US$24.24US$20.9612
Analyst Price Target
Consensus Narrative from 9 Analysts
US$20.48
Fair Value
2.8% undervalued intrinsic discount
9
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/09 04:18
End of Day Share Price 2025/01/06 00:00
Earnings2024/10/31
Annual Earnings2024/10/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Laurentian Bank of Canada is covered by 20 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John AikenBarclays
Sohrab MovahediBMO Capital Markets Equity Research
Scott ChanCanaccord Genuity