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Life & Banc Split
(TSX:LBS)
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Rating:68Neutral
Price Target:
C$16.50
▲(32.85% Upside)
Action:Downgraded
Date:06/25/26
The score is supported most by very attractive valuation (low P/E and high dividend yield) and a strong uptrend in price. Offsetting these positives, the financial profile is constrained by persistent negative operating/free cash flow and revenue volatility, which increases risk despite strong reported profitability.
Positive Factors
Dividend-focused split-share business model
The split-share structure is built to capture dividend income from a concentrated portfolio of Canadian financials, creating a durable cash-flow engine tied to recurring dividends. This product differentiation supports ongoing distributions and appeals to income-focused investors over time.
Negative Factors
Persistent negative operating cash flow
Consistent negative operating and free cash flows across multiple years signal weak cash conversion of reported profits. This undermines the firm’s ability to self-fund distributions and increases dependence on balance-sheet actions or portfolio realizations to meet obligations.
Read all positive and negative factors
Positive Factors
Negative Factors
Dividend-focused split-share business model
The split-share structure is built to capture dividend income from a concentrated portfolio of Canadian financials, creating a durable cash-flow engine tied to recurring dividends. This product differentiation supports ongoing distributions and appeals to income-focused investors over time.
Read all positive factors
Life & Banc Split (LBS) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$846.48M
Dividend Yield7.96%
Average Volume (3M)119.48K
Price to Earnings (P/E)1.5
Beta (1Y)1.00
Revenue Growth59.58%
EPS Growth111.70%
CountryCA
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)8.59
Shares Outstanding66,390,660
10 Day Avg. Volume107,029
30 Day Avg. Volume119,478
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.71
Price to Sales (P/S)6.88
P/FCF Ratio-225.93
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Life & Banc Split Business Overview & Revenue Model
Company Description
Life & Banc Split Corp. is a closed-ended equity mutual fund, managed by Brompton Funds Limited, that primarily allocates its capital to the Canadian public stock markets. Its investment approach targets companies within the banking and life insur...
How the Company Makes Money
Life & Banc Split does not operate an operating business; it generates cash flows and economic returns primarily from its investment portfolio and pays expenses and distributions out of those portfolio returns. Its main sources of value and cash g...
Life & Banc Split Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
63
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 69.00M | 69.54M | 40.36M | 42.59M | -44.28M | 157.62M |
| Gross Profit | 61.05M | 62.83M | 34.87M | 87.76M | -48.48M | 153.74M |
| EBITDA | 551.72M | 305.23M | 204.29M | 87.28M | -136.84K | 157.18M |
| Net Income | 511.74M | 270.33M | 165.35M | 58.04M | -46.51M | 140.16M |
Balance Sheet | ||||||
| Total Assets | 1.56B | 1.21B | 935.99M | 730.28M | 608.19M | 606.52M |
| Cash, Cash Equivalents and Short-Term Investments | 1.56B | 1.20B | 933.99M | 728.42M | 606.70M | 604.59M |
| Total Debt | 592.96M | 514.94M | 464.79M | 408.20M | 352.03M | 298.16M |
| Total Liabilities | 617.36M | 532.76M | 478.40M | 420.58M | 360.92M | 305.56M |
| Stockholders Equity | 947.23M | 672.71M | 457.59M | 309.70M | 247.27M | 300.96M |
Cash Flow | ||||||
| Free Cash Flow | -5.25M | -2.12M | -1.88M | -59.86M | -64.41M | -16.90M |
| Operating Cash Flow | -5.25M | -2.12M | -1.88M | -59.86M | -64.41M | -16.90M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 66.26M | -1.36M | 34.44M | 59.81M | 64.95M | 17.34M |
Life & Banc Split Technical Analysis
Positive
12.42
Price Trends
13.03
Negative
12.02
Positive
10.32
Positive
Market Momentum
-0.12
Negative
49.93
Neutral
77.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:LBS, the sentiment is Positive. The current price of 12.42 is below the 20-day moving average (MA) of 12.74, below the 50-day MA of 13.03, and above the 200-day MA of 10.32, indicating a neutral trend. The MACD of -0.12 indicates Negative momentum. The RSI at 49.93 is Neutral, neither overbought nor oversold. The STOCH value of 77.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:LBS.
Life & Banc Split Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | C$59.74M | 3.56 | 27.77% | 9.66% | 233.57% | 28.65% | |
70 Outperform | C$755.48M | 2.19 | 47.52% | 2.54% | 33.16% | ― | |
68 Neutral | C$846.48M | 1.48 | 63.18% | 7.96% | 59.58% | 111.70% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
56 Neutral | C$113.65M | 5.49 | 17.87% | 16.08% | 95.81% | 37.32% | |
54 Neutral | C$28.21M | 1.49 | 59.22% | 7.83% | 288.09% | 116.67% | |
50 Neutral | C$631.98M | -3.19 | -23.01% | 5.14% | 49.20% | -207.59% |
* Financial Sector Average
TSE:LBS
Life & Banc Split
12.75
6.32
98.29%
TSE:QRC
Queen's Road Capital Investment
14.00
6.47
85.82%
TSE:WED
Westaim
19.01
-9.58
-33.51%
TSE:RS
Real Estate & E-Commerce Split Corp. Class A
9.70
1.24
14.67%
TSE:BNK
Big Banc Split
14.61
4.05
38.38%
TSE:PWI
Sustainable Power & Infrastructure Split
11.80
2.92
32.91%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.