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Lotus Bakeries NVLTSSF +39.15%100 Owner Earnings per Share (TTM) is 275.33 as of Dec. 2025, which is 662% above its 10-year median of 36.14. GuruFocus rates LTSSF with a GF Score™ of 100/100 and a GF Value™ of $13,208.92 (Fairly Valued). The stock has 5 warning signs investors should review. Among 959 Consumer Packaged Goods companies, Lotus Bakeries NV ranks worse than 84.98% on this metric.
"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."
Lotus Bakeries NV's Owner Earnings per Share (TTM) ended in Dec. 2025 was $275.33. It's Price-to-Owner-Earnings ratio for today is 49.53.
The historical rank and industry rank for Lotus Bakeries NV's Owner Earnings per Share (TTM) or its related term are showing as below:
LTSSF'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 15.35 Med: 36.14 Max: 66.24
Current: 49.53
LTSSF's Price-to-Owner-Earnings is ranked worse than 84.98% of 959
companies
in the Consumer Packaged Goods industry
Industry Median: 14.8
vs LTSSF: 49.53
Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.
Note: GuruFocus' Change In Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.
Lotus Bakeries NV Owner Earnings per Share (TTM) Related Terms
Lotus Bakeries NV Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for Lotus Bakeries NV's Owner Earnings per Share (TTM) 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.
Lotus Bakeries NV Owner Earnings per Share (TTM) Chart
LTSSF vs KHC, GIS, HRL: Owner Earnings per Share (TTM) Comparison
For the Packaged Foods subindustry, Lotus Bakeries NV's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings 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.
Lotus Bakeries NV Price-to-Owner-Earnings vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Lotus Bakeries NV's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Lotus Bakeries NV's Price-to-Owner-Earnings falls into.
"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."
3. Other non-cash charges usually include "Stock Based Compensation" and "Change In Deferred Tax":
However, to be conservative, GuruFocus will not add Stock Based Compensation back to net income.
Lotus Bakeries NV's Change In Deferred Tax for the trailing twelve months (TTM) ended in Dec. 2025 was $62 Mil.
4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = $49 Mil
It is usually best to take a long-term average of maintenance capital expenditure. Ideally this would be as long as 10 years and include at least one economic downturn. However, since many companies do not have as long as 10-year history, here GuruFocus uses the latest 5 years data to do the calculation. To smooth out unusual years but reflect recent developments, we take an average of the 5 year maintenance capital expenditure.
The following shows how to get maintenance capital expenditure.
First, calculate the revenue change regarding to the previous year. If the revenue decreased from the previous year, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
Second, if the revenue increased from the previous year, then calculate the percentage of Net PPE as of corresponding Revenue.
Growth Capital Expenditure = Percentage of Property, Plant and Equipment as of corresponding Revenue * Revenue Increase
Third, calculate Capital Expenditure (positive) - Growth Capital Expenditure.
If [Capital Expenditure (positive) - Growth Capital Expenditure] was negative, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
If [Capital Expenditure (positive) - Growth Capital Expenditure] was positive, then the Maintenance Capital Expenditure = Capital Expenditure (positive) - Growth Capital Expenditure.
Fourth, get the average of the 5 years maintenance capital expenditure.
Lotus Bakeries NV's 5-Year Average Maintenance Capital Expenditure = $49 Mil
5. "Change In Working Capital" is from cashflow statement. Lotus Bakeries NV's Change In Working Capital for the trailing twelve months (TTM) ended in Dec. 2025 was $-26 Mil.
Note: GuruFocus' Change in Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And sometimes it includes non-current parts of assets and liabilities.
* 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.
What does a Owner Earnings per Share (TTM) of 275.33 mean?
Lotus Bakeries NV (LTSSF) has a Owner Earnings per Share (TTM) of 275.33 as of Dec. 2025. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Lotus Bakeries NV. This is 662% above median its historical median of 36.14. Over the past decade, Lotus Bakeries NV's Owner Earnings per Share (TTM) has ranged from 15.35 to 66.24. According to the industry distribution chart, Lotus Bakeries NV ranks #815 out of 959 companies in the Consumer Packaged Goods industry, placing it in the top 85%.
Is Lotus Bakeries NV's Owner Earnings per Share (TTM) too high?
Lotus Bakeries NV's current Owner Earnings per Share (TTM) of 275.33 is 662% above median its 10-year median of 36.14. Over the past 10 years, this metric has ranged from a low of 15.35 to a high of 66.24. The Consumer Packaged Goods industry median Owner Earnings per Share (TTM) is 14.80. Lotus Bakeries NV's value of 275.33 is 1760.3% above this industry median. Based on the distribution chart, Lotus Bakeries NV ranks #815 out of 959 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Lotus Bakeries NV has a GF Score™ of 100/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Lotus Bakeries NV's Owner Earnings per Share (TTM) compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Lotus Bakeries NV ranks #815 out of 959 companies for Owner Earnings per Share (TTM). This places Lotus Bakeries NV in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 14.80. Lotus Bakeries NV's value of 275.33 is 1760.3% above this benchmark. Historically, Lotus Bakeries NV's own Owner Earnings per Share (TTM) has ranged from 15.35 to 66.24 over the past decade. While the company's 10-year median is 36.14 vs. the industry median of 14.80, Lotus Bakeries NV has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Owner Earnings per Share (TTM) for a Consumer Packaged Goods company?
The median Owner Earnings per Share (TTM) among Consumer Packaged Goods companies is 14.80, based on 959 companies in the industry. Companies in the top quartile (top 25%) have a Owner Earnings per Share (TTM) significantly above this median, while those in the bottom quartile fall well below. However, Owner Earnings per Share (TTM) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lotus Bakeries NV's current Owner Earnings per Share (TTM) of 275.33 is 1760.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Owner Earnings per Share (TTM) mean?
A high Owner Earnings per Share (TTM) can signal that a stock is expensive relative to its fundamentals. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Lotus Bakeries NV. For the Consumer Packaged Goods industry, the median Owner Earnings per Share (TTM) is 14.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lotus Bakeries NV's current Owner Earnings per Share (TTM) is 275.33, which is 662% above median its own 10-year median of 36.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lotus Bakeries NV stock overvalued right now?
Based on GuruFocus' analysis, Lotus Bakeries NV (LTSSF) is currently considered Fairly Valued. The stock's GF Value™ is $13,208.92, compared to a current price of $13,636.36 — trading 3.2% above its estimated fair value. The current Owner Earnings per Share (TTM) is 275.33, which is 662% above median its 10-year median of 36.14 and 1760.3% above the Consumer Packaged Goods industry median of 14.80. Lotus Bakeries NV's overall GF Score™ is 100/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Owner Earnings per Share (TTM) calculated?
Owner Earnings per Share (TTM) is calculated from a company's financial statements. For Lotus Bakeries NV (LTSSF), the current Owner Earnings per Share (TTM) is 275.33 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Lotus Bakeries NV (LTSSF) Overvalued in 2026?
Based on GuruFocus' analysis, Lotus Bakeries NV stock appears to be overvalued.
The current stock price of $13,636.36 is trading 3.2% above its estimated GF Value™ of $13,208.92.
GuruFocus considers Lotus Bakeries NV to be Fairly Valued.
Key valuation signals for LTSSF:
Owner Earnings per Share (TTM): 275.33 (662% above median its 10-year median of 36.14)
GF Value™: $13,208.92 vs. price of $13,636.36 (3.2% above fair value)
Industry Position: 1760.3% above the Consumer Packaged Goods median (#815 of 959)
No single metric tells the full story. See the LTSSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lotus Bakeries NV is active in the indulgent and better-for-you snacking segment and is engaged in the manufacture and sale of biscuits, waffles, cakes, and other snack products. The Group offers multiple products, including caramelized biscuits, waffles and galettes, cake specialties, gingerbread, and other biscuits, and distributes its products through retail, catering, and food service channels. Its brands include Biscoff, Nakd, TREK, BEAR, Kiddylicious, Lotus Dinosaurus, Peijnenburg, Snelle Jelle, Annas, and Peter's Yard. Its activities are organised under three strategic pillars, namely Lotus Biscoff, Lotus Natural Foods, and Lotus Local Heroes. The company operates in Continental Europe, which generates maximum revenue, as well as in the UK, the Americas, and the rest of the world.
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