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Life & Banc Split
(TSX:LBS)
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Rating:67Neutral
Price Target:
C$14.00
▲(12.72% Upside)
Action:Reiterated
Date:09/25/26
The score is driven by very strong valuation (very low P/E and high dividend yield), partly offset by weaker financial quality due to persistent negative operating/free cash flow and revenue volatility. Technicals are moderately supportive with price above longer-term moving averages, but momentum indicators are mixed.
Positive Factors
Recurring Portfolio Income
The portfolio is designed around common shares of a Canadian bank and life insurer, whose dividends provide a recurring income source. That cash can help fund expenses and distributions over the next several months, subject to portfolio income and fund policies.
Negative Factors
Persistent Negative Cash Flow
Negative operating and free cash flow across 2021–2025 is a durable weakness because reported profitability has not consistently translated into cash generation. This can constrain self-funding for expenses, distributions, or obligations and increase reliance on balance-sheet flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring Portfolio Income
The portfolio is designed around common shares of a Canadian bank and life insurer, whose dividends provide a recurring income source. That cash can help fund expenses and distributions over the next several months, subject to portfolio income and fund policies.
Read all positive factors
Life & Banc Split (LBS) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$822.58M
Dividend Yield8.43%
Average Volume (3M)86.28K
Price to Earnings (P/E)1.4
Beta (1Y)1.01
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. Volume79,975
30 Day Avg. Volume86,277
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
Negative
12.42
Price Trends
12.74
Negative
12.40
Negative
10.70
Positive
Market Momentum
-0.05
Positive
42.01
Neutral
32.47
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:LBS, the sentiment is Negative. The current price of 12.42 is below the 20-day moving average (MA) of 12.62, below the 50-day MA of 12.74, and above the 200-day MA of 10.70, indicating a neutral trend. The MACD of -0.05 indicates Positive momentum. The RSI at 42.01 is Neutral, neither overbought nor oversold. The STOCH value of 32.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
79 Outperform | C$759.62M | 2.15 | 47.52% | 2.50% | 33.16% | ― | |
75 Outperform | C$53.38M | 3.28 | 27.77% | 10.63% | 233.57% | 28.65% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | C$822.58M | 1.44 | 63.18% | 8.43% | 59.58% | 111.70% | |
63 Neutral | C$27.46M | 1.45 | 59.22% | 8.29% | 288.09% | 138.83% | |
56 Neutral | C$109.46M | 4.86 | 17.87% | 18.18% | 95.81% | 37.32% |
* Financial Sector Average
TSE:LBS
Life & Banc Split
12.39
5.18
71.77%
TSE:QRC
Queen's Road Capital Investment
14.18
5.91
71.50%
TSE:RS
Real Estate & E-Commerce Split Corp. Class A
8.58
0.03
0.39%
TSE:BNK
Big Banc Split
14.23
3.41
31.52%
TSE:PWI
Sustainable Power & Infrastructure Split
10.87
1.43
15.14%
Life & Banc Split Corporate Events
Business Operations and StrategyDividends
Brompton Funds Announces New Distributions Across Split Share Lineup
Positive
Sep 23, 2026
Brompton Funds has declared new monthly distributions for class A shareholders and quarterly distributions for preferred shareholders across several of its split share funds, including Dividend Growth Split Corp., Global Dividend Growth Split Corp...
Business Operations and StrategyDividends
Brompton Funds Declares September Distributions for TSX-Listed Split Share Funds
Positive
Aug 24, 2026
Brompton Funds has declared regular cash distributions for class A shares of seven TSX-listed split share funds, including Dividend Growth Split Corp., Brompton Energy Split Corp., Global Dividend Growth Split Corp., Life Banc Split Corp., Brompt...
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.