Lollands Bank A/S (LOLB.CO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+422.1%

DKK 4,720.20

vs DKK 904.00 price

Levered DCF

-DKK 1,122.82

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

0.64

Distress zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	10.29×	6.38×	5.41×	11.02×	8.42×	6.68×	6.27×	5.1×
P/B	0.93×	0.69×	0.71×	0.86×	0.9×	0.68×	0.61×	0.67×
P/S	2.85×	1.86×	1.87×	3.1×	2.88×	1.96×	1.6×	1.76×
EV / EBITDA	0.77×	-0.43×	-0.84×	0.07×	0.45×	-3.7×	-2.13×	-0.16×
Gross margin	94.7%	91.1%	94.4%	95.9%	96.2%	96.6%	97.7%	98.1%
Operating margin	35.1%	38.6%	44.8%	36.0%	43.8%	36.4%	30.4%	40.4%
Net margin	27.7%	29.1%	34.6%	28.2%	34.2%	29.3%	25.4%	34.6%
Current ratio	0.22×	0.19×	0.21×	0.18×	0.19×	0.23×	278.86×	0.13×
Debt / equity	0.21×	0.08×	0.08×	0.09×	0.09×	0.11×	0.12×	0.02×
Interest coverage	5.09×	4.32×	8.06×	8.83×	11.55×	10.82×	13.05×	21.07×
Dividend yield	1.8%	2.6%	0.9%	2.6%	0.0%	1.3%	3.2%	1.6%
Payout ratio	18.0%	16.4%	4.9%	28.6%	0.0%	8.6%	19.8%	8.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	9.1%	10.8%	13.2%	7.8%	10.7%	10.2%	9.8%	13.2%
Return on invested capital	8.2%	9.6%	8.2%	6.7%	9.1%	8.3%	2.6%	11.2%
Return on assets	1.5%	1.9%	2.2%	1.2%	1.7%	1.5%	1.4%	1.9%
Free cash flow yield	0.0%	0.0%	-32.5%	7.3%	-14.3%	63.5%	41.8%	2.7%
Earnings yield	9.7%	15.7%	18.5%	9.1%	11.9%	15.0%	16.0%	19.6%
Enterprise value	DKK 89.2M	-DKK 57.6M	-DKK 121.9M	DKK 5.4M	DKK 44.6M	-DKK 302.6M	-DKK 138.1M	-DKK 12.6M
Net debt / EBITDA	-7.22×	-5.19×	-4.92×	-8.25×	-5.77×	-8.83×	-7.4×	-4.42×
Cash conversion cycle (days)	10	13	-17,228	-27	-61	-77	-3,378	-12