Professional
Added to YB: 2024-05-09
Pitch date: 2024-05-01
LYG [bullish]
Lloyds Banking Group plc
+109.72%
current return
Author Info
No bio for this author
Company Info
Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial products and services for retail and commercial customers in the United Kingdom.
Market Cap
GBP 60.3B
Pitch Price
GBP 0.49
Price Target
3.90 (+282%)
Dividend
3.55%
EV/EBITDA
N/A
P/E
14.89
EV/Sales
N/A
Sector
Banks
Category
value
Lloyds Banking Group plc: Lloyds: The Strongest Banking Franchise in the UK
LYG: Lloyds dominates UK banking with 95% domestic assets post-restructuring. Pressure on mortgage margins offset by strong deposit base, diversification into SME loans & wealth mgmt. Narrow moat from scale, low costs (50% efficiency), sticky retail deposits (52% of assets). Fair value $3.90 (1.5x TBV); 14% ROTE vs 9% COE. Key risks: credit deterioration, conduct issues. Adequate CET1, disciplined M&A support standard capital allocation rating.
Read full article (8 min)