Luzerner Kantonalbank AG (0QNU.L)

Luzerner Kantonalbank AG (0QNU.L) — VMCI valuation read

Luzerner Kantonalbank AG sits at VMCI 46/100, with the Financial Services sector median at 50. That 4-point spread is the first thing to note on 0QNU.L: it tells the reader the composite is unfavorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on 0QNU.L are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on 0QNU.L: 0QNU.L trades at 24.0x earnings, 33% above the Financial Services median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 12.0% sits 2.0pp above the Financial Services median (10.0%). The Risk read: net debt to EBITDA of -0.7x leaves covenant headroom, anchoring the bear scenario on a measurable balance-sheet metric.

0QNU.L fell 3.7% over the trailing 7 days, with a +6.7% read on a 30-day basis.