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LLPC Fair Value & Analysis

Financials · GB · Market cap 105B GBX

L LLPC LLPC · LSE
Price£1.47
Fair Value£1.03
Upside-29.8%
Quality57/100
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Expensive Growth
Thin margins · 0.0% net margin
negative free cash flow
2.04% dividend yield
Trails peers (1/10)
Moderate moat 60/100
Evidence: Medium Range £0.7100 – £1.29 Share as image

Fair value as of: Jul 8, 2026

From 11 valuation models · updated 30 days ago

Fair value updated Jul 8, 2026, revised from £0.8500 to £1.03 (+21.2%) since Jun 26, 2026.

A solid business, but screening 30% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (£1.29). The favourable scenario is already priced in.
  • Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (£0.7100 to £1.29) leaves room in how you read the outcome.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

£1.56 £0.9705 Fair Value £1.03 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 8, 2026.

How to read this chart

60‑month range £0.9705 – £1.56 · fair‑value band £0.7100 – £1.29 · the £1.47 price screens above the £1.03 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 8, 2026.

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Analysis

LLPC (LLPC) currently trades at £1.47, while our model-based Fair Value estimate is £1.03, implying the stock looks roughly 29.8% overvalued today. We read business quality at 57/100 (solid quality), in the Financials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Net debt stands at £37.5B. The stock trades on a trailing P/E of 0.3. Fundamentals as of Jul 8, 2026

Our scenario range runs from £0.7100 (bear case) to £1.29 (bull case); at £1.47, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Financials peers we cover trades at 100% fair-value upside, at -30%, LLPC screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income £0.5674 £0.6282 £0.9339 76
Gordon GGM £0.2283 £0.3901 £0.5861 70
Growth-Adj P/E £0.7208 £1.03 £1.34 68
All 11 models by family
DCF Models
Owner Earnings £0.9504 £1.03 £1.14 31
Earnings-Based
Graham-Dodd £0.4309 £1.01 £1.30 54
PEG = 1.0 £0.1721 £0.2459 £0.3196 46
Dividend Discount
Gordon GGM £0.2283 £0.3901 £0.5861 70
DDM Multi-Stage £0.2283 £0.3376 £0.4584 61
Multiples
P/E Multiple £0.9505 £1.27 £1.58 63
P/S Multiple £0.5108 £0.6810 £0.8512 58
P/B Multiple £0.8080 £1.08 £1.35 55
Asset-Based
NCAV (Graham) £0.3242 £0.4344 £0.6484 50
Economic Profit
Residual Income £0.5674 £0.6282 £0.9339 76
Growth Earnings
Growth-Adj P/E £0.7208 £1.03 £1.34 68

Widest divergence: Multiples (£1.08) versus Earnings-Based (£0.2459). Highest evidence: Residual Income (76).

Key figures & financial health

Free cash flow −622M GBX FY2025
P/E ratio 0.3
Dividend yield 2.0%
Net debt 37.5B GBX FY2025

Figures from reported company fundamentals · as of Jul 8, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 47 · Market factors (momentum, volatility) 57

Profitability 40
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 20
Balance sheet, leverage, solvency risk
Investment 57
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 40
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

LLPC reported revenue of £20.0B in FY2025 versus £16.3B in FY2021, a compound +5.2%/yr. Reported net income was £4.7B in FY2025, compounding −5.3%/yr from FY2021.

Growth Quality 33/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
£20.0B
Latest YoY
+7.7%
Avg. growth/yr (3Y)
+7.7%
Avg. growth/yr (5Y)
+5.8%
Avg. growth/yr (7Y)
−1.3%
Revenue +5.2%/yr
FY21 £16.3B
FY22 £16.1B
FY23 £19.2B
FY24 £18.6B
FY25 £20.0B
Net income −5.3%/yr
FY21 £5.8B
FY22 £3.8B
FY23 £5.5B
FY24 £4.4B
FY25 £4.7B

LLPC screens 30% overvalued. Compare with Federal Home Loan Mortgage Corporation →

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Cite: Fair Value Calculator (2026). "LLPC Fair Value". https://www.fairvalue-calculator.com/stock/LLPC

Peer Group

Financials · 3347 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Diversified Banks” was too small, so the broader sector is used.)

Quality Score 55 · Below median
Fair Value upside −30% · Below median
Return on assets 0% · Bottom 25%
Net margin (TTM) 0% · Bottom 25%
Operating margin (TTM) 0% · Bottom 25%
Revenue growth 0% · Below median
Dividend yield (TTM) 2.0% · Below median

Valuation Multiples vs Financials median · lower = cheaper

P/E (TTM) 0.3× · Cheaper than 75% of peers
P/B 2.96× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 33
FUTURE 0 · sector 37
PAST 0 · sector 38
HEALTH 0 · sector 87
DIVIDEND 41 · sector 54

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Diversified Banks stocks, each showing price versus our Fair Value estimate (as of Jul 8, 2026).

Stock Price Fair Value vs Fair Value
Federal Home Loan Mortgage Corporation FMCKK $12.00 $24.00 +100%
CGABL CGABL $16.46 $10.72 -35%
American Financial Group AFGE $15.98 $17.71 +11%
Unum Group UNMA $21.88 $37.30 +70%
Affiliated Managers Group MGR $20.15 $36.48 +81%
540755 540755 ₹356.55 ₹713.10 +100%
500271 500271 ₹1,498 ₹416.36 -72%
LTG LTG 14.30 PHP 28.60 PHP +100%
Hercules Capital, Inc HCXY $25.16 $50.32 +100%
FDC FDC 4.27 PHP 8.54 PHP +100%

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Frequently asked questions

Is LLPC overvalued or undervalued?
As of Jul 8, 2026, our model estimates a fair value of £1.03 versus a price of £1.47, about −30% (overvalued).
What is the fair value of LLPC?
Our model-based fair value for LLPC is £1.03 (as of Jul 8, 2026), built from audited fundamentals. The current price is £1.47.
What is the quality score of LLPC?
LLPC has a Quality Score of 57/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the net profit margin of LLPC?
The net profit margin of LLPC is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
Does LLPC pay a dividend?
LLPC currently shows a dividend yield of about 2.04% relative to its recent price (as of Jul 8, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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