Professional
Added to YB: 2024-05-09
Pitch date: 2024-05-01
LYG [bullish]
Lloyds Banking Group plc
+92.7%
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 in the United Kingdom and internationally.
Market Cap
GBP 51.3B
Pitch Price
GBP 0.49
Price Target
3.90 (+316%)
Dividend
3.82%
EV/EBITDA
N/A
P/E
15.39
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.
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