Thurgauer Kantonalbank provides banking products and services for private, corporate, commercial, and public sectors in Switzerland.
Adequate balance sheet with acceptable track record.
Share Price & News
How has Thurgauer Kantonalbank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 0QS4 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: Insufficient data to determine how 0QS4 performed against the UK Banks industry.
Return vs Market: Insufficient data to determine how 0QS4 performed against the UK Market.
Price Volatility Vs. Market
How volatile is Thurgauer Kantonalbank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Thurgauer Kantonalbank undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 0QS4 (CHF108) is trading above our estimate of fair value (CHF89.35)
Significantly Below Fair Value: 0QS4 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 0QS4 is poor value based on its PE Ratio (16x) compared to the Banks industry average (8.9x).
PE vs Market: 0QS4 is good value based on its PE Ratio (16x) compared to the UK market (17.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 0QS4's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 0QS4 is overvalued based on its PB Ratio (0.9x) compared to the GB Banks industry average (0.8x).
How is Thurgauer Kantonalbank forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if 0QS4's forecast earnings growth is above the savings rate (0.5%).
Earnings vs Market: Insufficient data to determine if 0QS4's earnings are forecast to grow faster than the UK market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 0QS4's revenue (0.2% per year) is forecast to grow slower than the UK market (3.8% per year).
High Growth Revenue: 0QS4's revenue (0.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 0QS4's Return on Equity is forecast to be low in 3 years time (5.5%).
How has Thurgauer Kantonalbank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 0QS4 has high quality earnings.
Growing Profit Margin: 0QS4's current net profit margins (39.6%) are higher than last year (39.1%).
Past Earnings Growth Analysis
Earnings Trend: 0QS4's earnings have grown by 2.6% per year over the past 5 years.
Accelerating Growth: 0QS4's earnings growth over the past year (0.7%) is below its 5-year average (2.6% per year).
Earnings vs Industry: 0QS4 earnings growth over the past year (0.7%) underperformed the Banks industry 26.6%.
Return on Equity
High ROE: 0QS4's Return on Equity (5.9%) is considered low.
How is Thurgauer Kantonalbank'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: 0QS4 has a low level of unsold assets or inventory.
Debt Coverage by Assets: 0QS4's debt is not covered by short term assets (assets are 0.4x debt).
Financial Institutions Analysis
Asset Level: 0QS4's level of assets compared to its equity is moderate.
Allowance for Bad Loans: 0QS4 has a low allowance for bad loans.
Low Risk Liabilities: 0QS4's liabilities are made up of primarily low risk sources of funding.
Loan Level: 0QS4 has an acceptable proportion of non-loan assets held.
Low Risk Deposits: 0QS4 has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: 0QS4 has an appropriate level of bad loans (0.44%)
What is Thurgauer Kantonalbank's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 0QS4's dividend (2.59%) is higher than the bottom 25% of dividend payers in the UK market (1.9%).
High Dividend: 0QS4's dividend (2.59%) is low compared to the top 25% of dividend payers in the UK market (5.34%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 0QS4 has been paying a dividend for less than 10 years.
Growing Dividend: 0QS4's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (41.5%), 0QS4's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 0QS4's dividends in 3 years are forecast to be well covered by earnings (43.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Thomas Koller (50yo)
Mr. Thomas Koller has been Chairman of Management Board, Head of Bank Management & Private Customers ad Interim Business Unit at Thurgauer Kantonalbank since January 1, 2019. He served as Chief Executive O ...
CEO Compensation Analysis
Compensation vs Market: Thomas's total compensation ($USD669.58K) is below average for companies of similar size in the UK market ($USD1.85M).
Compensation vs Earnings: Insufficient data to compare Thomas's compensation with company performance.
|Chairman of Management Board||1.2yrs||CHF653.44k||no data|
|Chief Financial Officer||0yrs||no data||no data|
|Head of Business Unit Services & Member of the Management Board||8.8yrs||no data||no data|
|Head of the Market Services Division & Member of the Management Board||4.6yrs||no data||no data|
|Head of Business Customers Division & Member of Management Board||4.5yrs||no data||no data|
Experienced Management: 0QS4's management team is considered experienced (4.5 years average tenure).
|President of the Bank Council||11.5yrs||CHF233.26k||no data|
|Member of the Bank Council||11.5yrs||CHF77.54k||no data|
|Member of the Bank Council||7.7yrs||CHF63.74k||no data|
|Vice President of the Bank Council||4.6yrs||CHF111.54k||no data|
|Member of the Bank Council||8.7yrs||CHF63.74k||no data|
|Member of the Bank Council||3.7yrs||CHF84.98k||no data|
|Member of the Bank Council||4.6yrs||CHF69.05k||no data|
|Member of the Bank Council||2.7yrs||CHF53.11k||no data|
|Member of the Bank Council||3.8yrs||CHF56.30k||no data|
Experienced Board: 0QS4's board of directors are considered experienced (4.6 years average tenure).
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 not been meaningfully diluted in the past year.
Thurgauer Kantonalbank's company bio, employee growth, exchange listings and data sources
- Name: Thurgauer Kantonalbank
- Ticker: 0QS4
- Exchange: LSE
- Founded: 1871
- Industry: Regional Banks
- Sector: Banks
- Market Cap: CHF2.190b
- Shares outstanding: 20.00m
- Website: https://www.tkb.ch
Number of Employees
- Thurgauer Kantonalbank
- bench 1
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TKBP||SWX (SIX Swiss Exchange)||Yes||Participation Certificates||CH||CHF||Apr 2014|
|0QS4||LSE (London Stock Exchange)||Yes||Participation Certificates||GB||CHF||Apr 2014|
|TK2A||DB (Deutsche Boerse AG)||Yes||Participation Certificates||DE||EUR||Apr 2014|
Thurgauer Kantonalbank provides banking products and services for private, corporate, commercial, and public sectors in Switzerland. It offers accounts, home and personal loans, property mortgages, asset management, financial planning, guarantees, cards, mobile payment, and online banking services. The company also provides finance investment and real estate services. It operates through a network of 28 branches and 77 ATMs. Thurgauer Kantonalbank was founded in 1871 and is headquartered in Weinfelden, Switzerland.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/25 22:41|
|End of Day Share Price||2019/12/27 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.