TMB Bank Public Company Limited, together with its subsidiaries, provides various commercial banking products and services to personal, small and medium enterprises, and corporate customers in Thailand and internationally.
Very undervalued with high growth potential.
Share Price & News
How has TMB Bank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TMLF's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: TMLF underperformed the German Banks industry which returned -33.2% over the past year.
Return vs Market: TMLF underperformed the German Market which returned -17.7% over the past year.
Price Volatility Vs. Market
How volatile is TMB Bank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is TMB Bank undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TMLF (€0.02) is trading below our estimate of fair value (€0.05)
Significantly Below Fair Value: TMLF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TMLF is good value based on its PE Ratio (5.5x) compared to the Banks industry average (15.1x).
PE vs Market: TMLF is good value based on its PE Ratio (5.5x) compared to the German market (16.4x).
Price to Earnings Growth Ratio
PEG Ratio: TMLF is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: TMLF is good value based on its PB Ratio (0.4x) compared to the DE Banks industry average (0.7x).
How is TMB Bank forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TMLF's forecast earnings growth (25.6% per year) is above the savings rate (-0.4%).
Earnings vs Market: TMLF's earnings (25.6% per year) are forecast to grow faster than the German market (14.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TMLF's revenue (26.3% per year) is forecast to grow faster than the German market (4.1% per year).
High Growth Revenue: TMLF's revenue (26.3% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TMLF's Return on Equity is forecast to be low in 3 years time (7.6%).
How has TMB Bank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TMLF has high quality earnings.
Growing Profit Margin: TMLF's current net profit margins (24.5%) are lower than last year (36.3%).
Past Earnings Growth Analysis
Earnings Trend: TMLF's earnings have declined by -0% per year over the past 5 years.
Accelerating Growth: TMLF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TMLF had negative earnings growth (-37.7%) over the past year, making it difficult to compare to the Banks industry average (0.7%).
Return on Equity
High ROE: TMLF's Return on Equity (3.7%) is considered low.
How is TMB Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: TMLF has a low level of unsold assets or inventory.
Debt Coverage by Assets: TMLF's debt is covered by short term assets (assets are 2.5x debt).
Financial Institutions Analysis
Asset Level: TMLF's level of assets compared to its equity is low.
Allowance for Bad Loans: TMLF has a sufficient allowance for bad loans.
Low Risk Liabilities: TMLF's liabilities are made up of primarily low risk sources of funding.
Loan Level: TMLF has an acceptable proportion of non-loan assets held.
Low Risk Deposits: TMLF's loans are broadly funded by customer deposits.
Level of Bad Loans: TMLF has a high level of bad loans (2.59%)
What is TMB Bank's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: TMLF's dividend (4.88%) is higher than the bottom 25% of dividend payers in the German market (1.7%).
High Dividend: TMLF's dividend (4.88%) is low compared to the top 25% of dividend payers in the German market (4.97%).
Stability and Growth of Payments
Stable Dividend: TMLF has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: TMLF's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (26.9%), TMLF's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TMLF's dividends in 3 years are forecast to be well covered by earnings (38.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Piti Tantakasem (48yo)
Mr. Piti Tantakasem has been Executive Director at Thanachart Bank PCL since December 2019. He has been Chief Executive Officer and Executive Director at TMB Bank Public Company Limited since January 1, 20 ...
|CEO & Executive Director||2.17yrs||no data||no data|
|Chief Risk Officer||1.67yrs||no data||no data|
|President||no data||no data||no data|
|Chief Financial Officer||1.92yrs||no data||no data|
|CTO & COO||0.83yr||no data||no data|
|Head of Investment Banking||no data||no data||no data|
|Head of Finance Business Partner - Retail||no data||no data||no data|
|Executive VP & Head of Compliance||4.17yrs||no data||no data|
|Head of Legal||no data||no data||no data|
|Chief Marketing Officer||no data||no data||no data|
Experienced Management: TMLF's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
|CEO & Executive Director||2.17yrs||no data||no data|
|Non Executive Vice Chairman of the Board||0.25yr||฿193.60k||no data|
|Independent Director||0.25yr||฿176.60k||no data|
|Non Executive Director||4.75yrs||฿5.43m||no data|
|Non-Executive Director||0.25yr||no data||no data|
|Non Executive Director||12.25yrs||฿6.87m||no data|
|Independent Director||6.17yrs||฿4.25m||no data|
|Independent Director||4yrs||฿3.42m||no data|
|Non Executive Director||2.92yrs||฿6.31m||no data|
|Chairman||no data||no data||no data|
Experienced Board: TMLF's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.9%.
TMB Bank Public Company Limited's company bio, employee growth, exchange listings and data sources
- Name: TMB Bank Public Company Limited
- Ticker: TMLF
- Exchange: DB
- Founded: 1957
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: ฿79.015b
- Listing Market Cap: ฿2.189b
- Shares outstanding: 96.36b
- Website: https://www.tmbbank.com
Number of Employees
- TMB Bank Public Company Limited
- 3000 Phahonyothin Road
- 2nd Floor
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TMLF||DB (Deutsche Boerse AG)||THB0.95(ALIEN MKT)||DE||EUR||Jan 1992|
|TMB-F||THAMSE (Bangkok-Alien Market Stock Exchange)||THB0.95(ALIEN MKT)||TH||THB||Jan 1992|
|TMB||SET (The Stock Exchange of Thailand)||Yes||Ordinary Shares||TH||THB||Jan 1992|
|NVPJ||DB (Deutsche Boerse AG)||NON VTG DEP RCPT REP 1 ORD THB0.95||DE||EUR||Aug 2001|
|TMB-R||SET (The Stock Exchange of Thailand)||NON VTG DEP RCPT REP 1 ORD THB0.95||TH||THB||Aug 2001|
|TMBB.Y||OTCPK (Pink Sheets LLC)||ADR||US||USD||Oct 2011|
TMB Bank Public Company Limited, together with its subsidiaries, provides various commercial banking products and services to personal, small and medium enterprises, and corporate customers in Thailand and internationally. It offers transactional, current accounts, savings, term deposits, time deposits, and foreign currency deposits; personal and home loans, overdraft, term loans, letter of guarantee products, and working capital facilities; and credit and business cards. The company also provides mutual funds products; security, life and health, property, and unit link insurance products; wealth banking products; mobile and Internet banking services; payment, cash collection, and liquidity management services; international trade and risk management products; and digital banking, and bancassurance and business protection products. TMB Bank Public Company Limited was founded in 1957 and is headquartered in Bangkok, Thailand.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/30 20:40|
|End of Day Share Price||2020/03/30 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.