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Definitive Analysis

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Page: Dividend Discount Model

Life & Banc Split Corp.

Ticker: LBS.TO | Industry: Asset Management | Sector: Financial Services
$12.06 -0.04 (-0.33%)
As of: 2026-01-23

Master Data Export


Dividend Discount Models Snapshot

ModelRangeSelected
Stable Growth DDM$13.76 - $17.00$15.47
Multi-Stage DDM$18.65 - $20.76$19.68
Blended Fair Value$17.58
Stock Price$11.77

Dividend History (Last 10 Years)

Metric2024202320222021202020192018201720162015
DPS1.1961.1941.1931.1970.3991.1951.0351.1791.2001.185
YoY %0.18%0.06%-0.34%200.04%-66.61%15.39%-12.18%-1.75%1.29%-1.27%
Yield10.159%10.141%10.135%10.169%3.389%10.151%8.797%10.017%10.195%10.066%

CAGRValue
5 Year0.02%
10 Year-0.04%

Discounted Dividend Model - Stable Growth

MetricRangeSelected
LT Growth-16.37% to -14.37%-15.37%
WACC9.00%9.00%
Fair Value$13.76 - $17.00$15.47

Calculation Details (Millions)

MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(*) Adjusted Net Income165.35165.35165.35
(=) Cash Required33.0720.6712.40
Cash Retained165.35165.35165.35
(-) Cash Required-33.07-20.67-12.40
(=) Excess Retained132.28144.68152.95
(/) Shares Outstanding44,408,86744,408,86744,408,867
(=) Excess Retained per Share2.983.263.44
LTM Dividend per Share1.1961.1961.196
(+) Excess Retained per Share2.983.263.44
(=) Adjusted Dividend4.1744.4544.640

Multi-Stage Projections (BASE Case - Millions)

MetricTTMYear 1Year 2Year 3Year 4Year 5
Net Income165.35139.94118.43100.2384.8371.79
Payout Ratio32.1%25.0%41.0%57.0%73.0%90.0%
Projected Dividends53.1034.9848.5657.1361.9364.61

Multi-Stage Valuation (Millions)

Present ValuesLOWBASEHIGH
Year 1 PV33.1133.5133.91
Year 2 PV41.6742.6743.68
Year 3 PV44.4546.0647.71
Year 4 PV43.6745.8048.00
Year 5 PV41.3143.8446.50
TV PV624.01662.22702.27
Equity Value828.22874.10922.08
Fair Value$18.65$19.68$20.76
Stock Price$11.77$11.77$11.77

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