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Lollands Bank A/S (LOLB) Fair Value & Analysis

Financial Services · DK · Market cap 940M DKK

LB Lollands Bank A/S LOLB · CO
Pricekr 882.00
Fair Valuekr 1,081
Upside+22.5%
Quality52/100
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Expensive Growth
Highly profitable · 28.5% net margin
Low debt · negative free cash flow
3.22% dividend yield
Ranks above peers (9/12)
Moderate moat 64/100
Evidence: High Range kr 810.47 – kr 1,351 Share as image

Fair value as of: Jul 12, 2026

From 6 valuation models · updated 29 days ago

Share price +1.4% over the past month.

A solid business, screening 23% undervalued on our models.

What matters now

  • Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality.
  • 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)

kr 910.00 kr 421.99 Fair Value kr 1,081 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range kr 421.99 – kr 910.00 · fair‑value band kr 810.47 – kr 1,351 · the kr 882.00 price screens below the kr 1,081 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Lollands Bank A/S (LOLB) currently trades at kr 882.00, while our model-based Fair Value estimate is kr 1,081, implying the stock looks roughly 22.5% undervalued today. The Quality Score stands at 52/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Lollands Bank A/S generated revenue of 291M DKK at a net margin of 28.5%. Revenue declined 8.2% year over year. It earns a return on equity of 8.8%. The balance sheet holds a net cash position of 834M DKK. Fundamentals as of Jul 12, 2026

Our scenario range runs from kr 810.47 (bear case) to kr 1,351 (bull case); at kr 882.00, the current price sits within 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. The share trades about 3% below its 52-week high and 43% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at 23%, LOLB 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 Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income kr 732.86 kr 779.05 kr 868.33 76
Gordon GGM kr 38.85 kr 70.00 kr 96.36 70
P/E Multiple kr 810.47 kr 1,081 kr 1,351 63
All 6 models by family
Dividend Discount
Gordon GGM kr 38.85 kr 70.00 kr 96.36 70
DDM Multi-Stage kr 38.85 kr 63.94 kr 74.78 61
Multiples
P/E Multiple kr 810.47 kr 1,081 kr 1,351 63
P/B Multiple kr 961.35 kr 1,282 kr 1,602 55
Asset-Based
NCAV (Graham) kr 457.78 kr 613.43 kr 915.57 50
Economic Profit
Residual Income kr 732.86 kr 779.05 kr 868.33 76

Widest divergence: Multiples (kr 1,081) versus Dividend Discount (kr 63.94). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 291M DKK
Revenue growth (YoY) -8.2%
Net margin 28.5%
Return on equity 8.8%
Free cash flow −193M DKK FY2023
P/E ratio 2.1
More key figures
Operating margin 30.6%
EPS (TTM) kr 409.29
Dividend yield 3.2%
EPS growth (YoY) -29.6%
Net cash 834M DKK FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 50 · Market factors (momentum, volatility) 67

Profitability 36
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 70
Disciplined investing over empire-building
Low Volatility 94
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 70
Distance to the 52-week high (market factor)
Net Issuance 82
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.

About the company

Lollands Bank A/S operates as a full-service bank providing financial services to private individuals and commercial customers in Denmark.

Full company description

Lollands Bank A/S operates as a full-service bank providing financial services to private individuals and commercial customers in Denmark. The company offers a range of general banking products and services, including deposit accounts, savings and loan products, housing finance and car loans, lending, financial leasing, guarantees, securities trading, and currency exchange. It also provides pensions, insurance, investments, real estate transactions, general financing, debit and credit cards, cash cards, payment solutions; wealth advisory services; and online and mobile banking services. In addition, the company offers cash order, overdraft, and money transfer services. The company was formerly known as Lollands Handels - og Landbrugsbank and changed its name to Lollands Bank A/S in 1977. Lollands Bank A/S was founded in 1907 and is headquartered in Nakskov, Denmark.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Lollands Bank A/S reported revenue of kr 324M in FY2025 versus kr 215M in FY2021, a compound +10.8%/yr. Reported net income was kr 89.8M in FY2025, compounding +5.1%/yr from FY2021.

Growth Quality 45/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
324M DKK
Latest YoY
−4.7%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+17.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.7%
Avg. growth/yr (23Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.2%
Revenue +10.8%/yr
FY21 kr 215M
FY22 kr 201M
FY23 kr 318M
FY24 kr 340M
FY25 kr 324M
Net income +5.1%/yr
FY21 kr 73.6M
FY22 kr 56.7M
FY23 kr 110M
FY24 kr 99.0M
FY25 kr 89.8M
Character of growth · EPS growth decomposed (2015-2025) +9.3 % p.a.
Revenue per share +6.5 pp

of which total revenue +6.5 pp · buybacks/dilution +0.0 pp

EBIT margin +3.5 pp
Tax rate −0.9 pp
Residual (interest, one-offs) +0.1 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Lollands Bank A/S Fair Value". https://www.fairvalue-calculator.com/stock/LOLB

Peer Group

Banks - Regional · 1083 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 55 · Above median
Fair Value upside +23% · Above median
Return on equity (TTM) 9% · Below median
Return on assets 1% · Top 25%
Net margin (TTM) 29% · Above median
Operating margin (TTM) 31% · Below median
Revenue growth -8% · Bottom 25%
Dividend yield (TTM) 3.2% · Above median
Debt / equity 0.07× · Lower than 75% of peers

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 2.1× · Cheaper than 75% of peers
P/B 0.15× · Cheaper than 75% of peers
P/S (TTM) 0.50× · Cheaper 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 63 · sector 39
FUTURE 0 · sector 44
PAST 35 · sector 41
HEALTH 97 · sector 85
DIVIDEND 64 · sector 49

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 Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,175 IDR 6,087 IDR -1%
KB Financial Group 105560 184,400 KRW 213,797 KRW +16%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 2,970 IDR 4,891 IDR +65%
PT Bank Mandiri (Persero) Tbk BMRI 4,310 IDR 7,841 IDR +82%
Banco Bradesco S.A BBD 5,120 ARS 10,240 ARS +100%
Shinhan Financial Group 055550 107,900 KRW 137,259 KRW +27%
Hana Financial Group 086790 136,800 KRW 193,969 KRW +42%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Banco de Chile, CHILE 193.10 CLP 152.55 CLP -21%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,400 VND 84,201 VND +42%

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Frequently asked questions

Is Lollands Bank A/S (LOLB) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of kr 1,081 versus a price of kr 882.00, about +23% (undervalued).
What is the fair value of LOLB?
Our model-based fair value for Lollands Bank A/S is kr 1,081 (as of Jul 12, 2026), built from audited fundamentals. The current price is kr 882.00.
What is the quality score of LOLB?
Lollands Bank A/S has a Quality Score of 52/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Lollands Bank A/S (LOLB)?
Lollands Bank A/S reported trailing-twelve-month revenue of about 291M DKK (latest available figure, as of Jul 12, 2026).
What is the net profit margin of LOLB?
The net profit margin of Lollands Bank A/S is about 28.5%, meaning it keeps roughly 28.5% of revenue as net income. Based on the latest reported figures.
Does Lollands Bank A/S pay a dividend?
Lollands Bank A/S currently shows a dividend yield of about 3.20% relative to its recent price (as of Jul 12, 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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