Stock

Liechtensteinische Landesbank AG

LLBN.SW
70
Banks · Financial Services
Also trades as: 0RP8.L GBP 1.12 (-1.24%)
Price
CHF 112.20
-0.60 (-0.53%)
Market Cap
CHF 3.41B
Exchange
SIX Swiss Exchange
Winston Score
70
Winston is happy
A high-quality business with solid fundamentals.
Data as of Oct 8, 2026 · filings through Jun 30, 2026

§How the score breaks down

Bank Quality
Not counted
n/a
Growth
Strong
15/20
Capital Strength
Not counted
n/a
Asset Quality
Not counted
n/a
Valuation
Good
6/10
Ownership
Good
10/15
Dividends
Strong
4/5

35 of 50 counted points = Winston Score 70. Pillars marked n/a do not apply to this company and are left out of the total.

§Winston Score History

The full picture

Liechtensteinische Landesbank AG (LLB) is a bank based in the tiny European country of Liechtenstein. It offers everyday banking services like savings accounts, loans, and mortgages, as well as wealth management for private clients and businesses. LLB is majority-owned by the government of Liechtenstein, making it the country's oldest and largest bank.

LLB makes money through interest income on loans, fees for managing client assets, and charges for banking services. It operates mainly in Liechtenstein, Switzerland, and Austria, managing roughly CHF 30 billion in client assets. Its government ownership and long-standing reputation give it a stable base of trust in a region known for private banking and wealth management. The key growth driver is attracting more wealthy clients to its asset management business, while the main risk is pressure on profit margins from low interest rates and increasing competition from larger Swiss and European banks.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+59.9% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+15.4% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

CHF 0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Insider Activity

63.7%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

CHF 28.3B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Liechtensteinische Landesbank AG grew revenue 60% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

−0.9% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 30.7M (2021) → 30.4M (2025)

Score breakdown

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Bank Quality

Not applicable for this business.

Growth

Sales growth
Sales YoY
+19.8%
Fast-growing sales (+19.8% YoY)
Profit growth
EPS YoY
+7.6%
Modest earnings growth (+7.6% YoY)

Single-digit earnings growth — steady but not exciting.

How steady the profit is
EPS Consistency
7/8 quarters
Every recent quarter grew earnings vs last year

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Capital Strength

Not applicable for this business.

Asset Quality

Not applicable for this business.

Valuation

Price vs profit
P/E Ratio (TTM)
18.9x
Fair value — P/E 18.9

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
+1.3
GROWING
Earnings expected to grow — slightly cheaper on forward P/E

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Dividends

Dividend
Dividend Yield
2.52%
Moderate income — 2.52% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record
Dividend Growth
+22.7%
Dividend growing fast (22.7% YoY)

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