Risk factor
Very vulnerable to price shocks
Profitability factor
Excellent dividends
About
Life & Banc Split Corp. is a closed-ended equity mutual fund, managed by Brompton Funds Limited, that primarily allocates its capital to the Canadian public stock markets. Its investment approach targets companies within the banking and life insurance sectors, specifically focusing on Canada's six largest banks alongside other significant life insurance providers. The fund operates using a cost-effective split share structure. Its portfolio's performance is benchmarked against the S&P/TSX Capped Financials Index and the S&P/TSX Composite Index. This Canadian-domiciled entity was established on September 6, 2006.
Company Valuation
Based on key historical and expected multiples, the stock is slightly overvalued relative to its peers. Specifically, the stock is 'cheap' on P/E, undervalued on EV/EBITD