Company Valuation: Lloyds Banking Group plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 33,945 30,342 30,165 33,055 57,764 55,335 - -
Change - -10.61% -0.58% 9.58% 74.75% -4.2% - -
Enterprise Value (EV) 33,945 30,342 30,165 33,055 57,764 55,335 55,335 55,335
Change - -10.61% -0.58% 9.58% 74.75% -4.2% 0% 0%
P/E ratio 6.37x 6.31x 6.36x 8.84x 14.2x 9.47x 8.05x 6.95x
PBR 0.64x 0.66x 0.66x 0.75x 1.23x 1.26x 1.16x 1.07x
PEG - -1.58x 1.53x -0.5x 1.3x 0.2x 0.5x 0.4x
Capitalization / Revenue 2.09x 1.65x 1.6x 1.79x 2.92x 2.54x 2.36x 2.25x
EV / Revenue 0x 0x 0x 0x 0x 2.54x 2.36x 2.25x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 5.48x 4.92x 4.56x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.02 0.024 0.0276 0.0317 0.0365 0.043 0.0506 0.059
Rate of return 4.18% 5.29% 5.78% 5.79% 3.72% 4.52% 5.33% 6.21%
EPS 2 0.075 0.072 0.075 0.062 0.069 0.1004 0.1181 0.1367
Distribution rate 26.7% 33.3% 36.8% 51.1% 52.9% 42.8% 42.9% 43.1%
Net sales 1 16,223 18,421 18,888 18,442 19,755 21,828 23,434 24,612
EBITDA - - - - - - - -
EBIT 1 6,833 8,958 8,117 6,776 7,572 10,105 11,257 12,147
Net income 1 5,784 5,459 5,460 4,421 4,659 5,910 6,624 7,158
Net Debt - - - - - - - -
Reference price 2 0.4780 0.4541 0.4771 0.5478 0.9824 0.9506 0.9506 0.9506
Nbr of stocks (in thousands) 7,10,14,218 6,68,17,904 6,32,25,307 6,03,40,622 5,87,98,510 5,82,10,395 - -
Announcement Date 24/02/22 22/02/23 22/02/24 20/02/25 29/01/26 - - -
1GBP in Million2GBP
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.47x - - 4.52% 7.48TCr
13.44x - - 2.1% 80TCr
11.14x - - 2.36% 35TCr
11.25x - - 4.6% 31TCr
15.81x - - 2.72% 25TCr
10.55x - - 2.56% 23TCr
23.79x - - 3.28% 19TCr
14.95x - - 2.58% 21TCr
16.04x - - 2.98% 18TCr
9.42x - - 2.68% 17TCr
Average 13.59x 3.04% 27.67TCr
Weighted average by Cap. 13.50x 2.78%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Lloyds Banking Group plc