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Lloyds Banking Group (XTER:LLD) Intrinsic Value: Projected FCF : €1.54 (As of Oct. 31, 2024)


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What is Lloyds Banking Group Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-10-31), Lloyds Banking Group's Intrinsic Value: Projected FCF is €1.54. The stock price of Lloyds Banking Group is €0.64. Therefore, Lloyds Banking Group's Price-to-Intrinsic-Value-Projected-FCF of today is 0.4.

The historical rank and industry rank for Lloyds Banking Group's Intrinsic Value: Projected FCF or its related term are showing as below:

XTER:LLD' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.33   Med: 0.95   Max: 10.44
Current: 0.42

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Lloyds Banking Group was 10.44. The lowest was 0.33. And the median was 0.95.

XTER:LLD's Price-to-Projected-FCF is not ranked
in the Banks industry.
Industry Median: 0.505 vs XTER:LLD: 0.42

Lloyds Banking Group Intrinsic Value: Projected FCF Historical Data

The historical data trend for Lloyds Banking Group's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Lloyds Banking Group Intrinsic Value: Projected FCF Chart

Lloyds Banking Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.32 1.27 1.29 1.37 1.50

Lloyds Banking Group Quarterly Data
Dec18 Jun19 Dec19 Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 1.50 - - -

Competitive Comparison of Lloyds Banking Group's Intrinsic Value: Projected FCF

For the Banks - Regional subindustry, Lloyds Banking Group's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Lloyds Banking Group's Price-to-Projected-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Lloyds Banking Group's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Lloyds Banking Group's Price-to-Projected-FCF falls into.



Lloyds Banking Group Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Lloyds Banking Group's Free Cash Flow(6 year avg) = €5,674.56.

Lloyds Banking Group's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec23)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*5674.5604285714+54746.061*0.8)/65760.000
=1.49

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Lloyds Banking Group  (XTER:LLD) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Lloyds Banking Group's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=0.64/1.4875404384512
=0.43

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Lloyds Banking Group Intrinsic Value: Projected FCF Related Terms

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Lloyds Banking Group Business Description

Address
25 Gresham Street, London, GBR, EC2V 7HN
Lloyds is a retail and commercial bank headquartered in the United Kingdom. The bank operates via three business segments: retail, commercial banking, and insurance and wealth. In retail, Lloyds offers primarily mortgages (66% of loan portfolio), credit cards, and current accounts to its customers. Its commercial banking operation provides lending, transaction banking, working capital management, and debt capital market services to large companies and financial institutions in the UK Insurance and wealth rounds out the product lineup with life and property insurance as well as pension solutions and high-net-worth asset-management services.

Lloyds Banking Group Headlines

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