Life & Banc Split (TSE:LBS)
TSX:LBS
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Life & Banc Split
(TSX:LBS)
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Rating:60Neutral
Price Target:
C$12.50
▲(5.49% Upside)
Action:ReiteratedDate:03/27/26
The score is driven primarily by mixed financial performance: strong reported profitability and improving equity are offset by persistent negative operating/free cash flow and revenue volatility. Very attractive valuation (low P/E and high yield) supports the score, while weak technical signals (below key moving averages and negative MACD) temper near-term outlook.
Positive Factors
Income-focused portfolio
The split-share structure targets dividend income by holding dividend-paying Canadian financials, creating a durable income-oriented mandate. Over months this supports predictable distributable cash if portfolio dividends remain, aligning product design with long-term investor income needs and differentiation.
Negative Factors
Weak cash generation
Persistent negative operating and free cash flow undermines the corporation's ability to self-fund distributions and cover operating costs without relying on balance sheet moves or asset sales. Over 2–6 months this reduces financial flexibility and raises funding risk during market stress.
Read all positive and negative factors
Positive Factors
Negative Factors
Income-focused portfolio
The split-share structure targets dividend income by holding dividend-paying Canadian financials, creating a durable income-oriented mandate. Over months this supports predictable distributable cash if portfolio dividends remain, aligning product design with long-term investor income needs and differentiation.
Read all positive factors
Life & Banc Split (LBS) vs. iShares MSCI Canada ETF (EWC)
Market Cap
N/A
Dividend Yield9.19%
Average Volume (3M)66.70K
Price to Earnings (P/E)0.7
Beta (1Y)1.02
Revenue Growth72.27%
EPS Growth63.05%
CountryCA
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)5.38
Shares Outstanding59,277,378
10 Day Avg. Volume98,944
30 Day Avg. Volume66,696
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.80
Price to Sales (P/S)7.71
P/FCF Ratio-253.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Life & Banc Split Business Overview & Revenue Model
Company Description
Life & Banc Split Corp. is a closed-ended equity mutual fund launched and managed by Brompton Funds Limited. The fund invests in the public equity markets of Canada. It seeks to invest in stocks of companies operating across banking and life insur...
How the Company Makes Money
LBS does not operate an operating business; it is an investment holding/split share corporation. Its economic returns are generated primarily from (i) dividends and other distributions received from the underlying portfolio holdings and (ii) chang...
Life & Banc Split Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
63
Positive
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 69.54M | 40.36M | 42.59M | -44.28M | 157.62M |
| Gross Profit | 62.83M | 34.87M | 87.76M | -48.48M | 153.74M |
| EBITDA | 305.23M | 204.29M | 87.28M | -136.84K | 156.18M |
| Net Income | 270.33M | 165.35M | 58.04M | -46.51M | 140.16M |
Balance Sheet | |||||
| Total Assets | 1.21B | 935.99M | 730.28M | 608.19M | 606.52M |
| Cash, Cash Equivalents and Short-Term Investments | 1.20B | 933.99M | 728.42M | 606.70M | 604.59M |
| Total Debt | 514.94M | 464.79M | 408.20M | 352.03M | 298.16M |
| Total Liabilities | 532.76M | 478.40M | 420.58M | 360.92M | 305.56M |
| Stockholders Equity | 672.71M | 457.59M | 309.70M | 247.27M | 300.96M |
Cash Flow | |||||
| Free Cash Flow | -2.12M | -1.88M | -59.86M | -64.41M | -16.90M |
| Operating Cash Flow | -2.12M | -1.88M | -59.86M | -64.41M | -16.90M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -1.36M | 34.44M | 59.81M | 64.95M | 17.34M |
Life & Banc Split Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | C$790.88M | 1.29 | 78.23% | 2.20% | 89.66% | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | C$44.67M | ― | 26.15% | 10.21% | 184.08% | -45.01% | |
60 Neutral | ― | 0.66 | 58.43% | 9.19% | 72.27% | 63.05% | |
56 Neutral | C$114.31M | ― | -7.26% | 17.81% | 109.66% | ― | |
50 Neutral | C$782.63M | -8.15 | -6.13% | ― | 374.92% | -59.46% | |
| ― | C$25.52M | ― | 46.99% | 8.54% | 226.71% | 115.90% |
* Financial Sector Average
TSE:LBS
Life & Banc Split
12.11
5.81
92.28%
TSE:QRC
Queen's Road Capital Investment
15.50
9.17
144.79%
TSE:WED
Westaim
23.48
-9.62
-29.06%
TSE:RS
Real Estate & E-Commerce Split Corp. Class A
9.94
1.84
22.73%
TSE:BNK
Big Banc Split
15.87
5.72
56.31%
TSE:PWI
Sustainable Power & Infrastructure Split
13.60
5.52
68.34%
Life & Banc Split Corporate Events
DividendsFinancial DisclosuresStock Split
Life & Banc Split Corp. to Split Class A Shares and Boost Total Distributions
Positive
Apr 9, 2026
Life Banc Split Corp. plans a 15-for-100 stock split of its class A shares, reflecting strong performance, with class A shareholders of record on April 17, 2026 set to receive additional shares on a non-taxable, ex-split basis the same day, subje...
Business Operations and StrategyDividends
Brompton Funds Announces April Payouts Across TSX-Listed Split Share Lineup
Positive
Mar 24, 2026
Brompton Funds has declared regular cash distributions for April 15, 2026 to both class A and preferred shareholders across a suite of TSX-listed split share corporations, including Dividend Growth Split, Brompton Energy Split, Global Dividend Gro...
Business Operations and StrategyDividends
Brompton Funds Announces March Distributions for Split Share Lineup
Positive
Feb 20, 2026
Brompton Funds has declared regular cash distributions for several of its split share corporations, with class A shareholders of funds such as Dividend Growth Split Corp., Global Dividend Growth Split Corp., Life Banc Split Corp., and others set ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.