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$12.00
▲(1.27% 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 vehicle’s core exposure to dividend-paying financial and life-insurance equities creates a durable income engine. Recurring dividends from underlying holdings support scheduled preferred distributions and reduce reliance on short-term capital gains to fund payouts.
Negative Factors
Negative operating and free cash flow
A multi-year pattern of negative operating and free cash flow weakens earnings quality and limits internal funding for distributions and expenses. Reliance on portfolio sales or balance-sheet adjustments undermines sustainable payout mechanics and reduces financial resilience in downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Income-focused portfolio
The split-share vehicle’s core exposure to dividend-paying financial and life-insurance equities creates a durable income engine. Recurring dividends from underlying holdings support scheduled preferred distributions and reduce reliance on short-term capital gains to fund payouts.
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)2.3
Beta (1Y)0.96
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)3.94
Shares Outstanding51,545,547
10 Day Avg. Volume98,944
30 Day Avg. Volume66,696
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)0.92
Price to Sales (P/S)8.87
P/FCF Ratio-291.11
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
Life & Banc Split does not operate a traditional business; it is an investment holding vehicle. It makes money primarily through (1) investment income earned on its portfolio—especially dividends and other distributions received from the underlyin...
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 |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | C$793.76M | 1.64 | 35.97% | 2.20% | -1.35% | 496.34% | |
63 Neutral | C$40.22M | ― | 26.15% | 10.21% | 818.69% | -12.12% | |
60 Neutral | ― | 2.28 | 58.43% | 9.19% | ― | ― | |
56 Neutral | C$108.26M | ― | -7.26% | 17.81% | ― | ― | |
50 Neutral | C$833.63M | -14.64 | -6.13% | ― | 333.02% | -196.36% | |
| ― | C$23.76M | ― | 46.99% | 8.54% | 126.51% | 10525.53% |
* Financial Sector Average
TSE:LBS
Life & Banc Split
12.15
5.47
81.80%
TSE:QRC
Queen's Road Capital Investment
15.55
9.85
172.85%
TSE:WED
Westaim
25.01
-4.56
-15.42%
TSE:RS
Real Estate & E-Commerce Split Corp. Class A
9.45
2.31
32.43%
TSE:BNK
Big Banc Split
17.73
6.17
53.32%
TSE:PWI
Sustainable Power & Infrastructure Split
12.25
5.30
76.34%
Life & Banc Split Corporate Events
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 ...
Business Operations and StrategyDividends
Brompton Funds Declares February Distributions Across Split Share Lineup
Positive
Jan 24, 2026
Brompton Funds has declared cash distributions payable on February 13, 2026, for class A shareholders of several of its split share funds—Dividend Growth Split Corp., Brompton Energy Split Corp., Global Dividend Growth Split Corp., Life Ban...
Business Operations and StrategyPrivate Placements and Financing
Life & Banc Split Renews $500 Million ATM Equity Program to Support Growth
Positive
Jan 13, 2026
Life Banc Split Corp. has renewed its at-the-market equity program, allowing it to issue additional Class A and preferred shares on Canadian exchanges at prevailing market prices, with potential gross proceeds of up to $250 million for each share...
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.