company background image
TFBA

TF Bank OM:TFBANK Stock Report

Last Price

kr143.20

Market Cap

kr3.1b

7D

-6.4%

1Y

-10.8%

Updated

26 Jun, 2022

Data

Company Financials +
TFBANK fundamental analysis
Snowflake Score
Valuation4/6
Future Growth5/6
Past Performance3/6
Financial Health4/6
Dividends0/6

TFBANK Stock Overview

TF Bank AB (publ) provides consumer banking services and e-commerce solutions through a proprietary IT platform.

TF Bank Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for TF Bank
Historical stock prices
Current Share Pricekr143.20
52 Week Highkr256.50
52 Week Lowkr141.00
Beta1.11
1 Month Change-9.14%
3 Month Change-21.58%
1 Year Change-10.83%
3 Year Change41.78%
5 Year Change54.81%
Change since IPO68.47%

Recent News & Updates

Apr 09
Do TF Bank's (STO:TFBANK) Earnings Warrant Your Attention?

Do TF Bank's (STO:TFBANK) Earnings Warrant Your Attention?

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Shareholder Returns

TFBANKSE BanksSE Market
7D-6.4%-1.8%-1.3%
1Y-10.8%-9.3%-23.6%

Return vs Industry: TFBANK underperformed the Swedish Banks industry which returned -9.3% over the past year.

Return vs Market: TFBANK exceeded the Swedish Market which returned -23.6% over the past year.

Price Volatility

Is TFBANK's price volatile compared to industry and market?
TFBANK volatility
TFBANK Average Weekly Movement6.4%
Banks Industry Average Movement5.1%
Market Average Movement7.4%
10% most volatile stocks in SE Market12.2%
10% least volatile stocks in SE Market4.7%

Stable Share Price: TFBANK is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: TFBANK's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1987268Mattias Carlssonhttps://www.tfbankgroup.com

TF Bank AB (publ) provides consumer banking services and e-commerce solutions through a proprietary IT platform. The company operates in three segments: Consumer Lending, E-commerce Solutions, and Credit Cards. It provides savings accounts; unsecured consumer loans; and digital payment solutions, as well as credit cards.

TF Bank Fundamentals Summary

How do TF Bank's earnings and revenue compare to its market cap?
TFBANK fundamental statistics
Market Capkr3.08b
Earnings (TTM)kr286.38m
Revenue (TTM)kr859.34m

10.8x

P/E Ratio

2.0x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TFBANK income statement (TTM)
Revenuekr859.34m
Cost of Revenuekr0
Gross Profitkr859.34m
Other Expenseskr572.96m
Earningskr286.38m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 12, 2022

Earnings per share (EPS)13.32
Gross Margin100.00%
Net Profit Margin33.32%
Debt/Equity Ratio13.1%

How did TFBANK perform over the long term?

See historical performance and comparison

Dividends

0.7%

Current Dividend Yield

8%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is TFBANK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TFBANK?

Other financial metrics that can be useful for relative valuation.

TFBANK key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.6x

Price to Earnings Ratio vs Peers

How does TFBANK's PE Ratio compare to its peers?

TFBANK PE Ratio vs Peers
The above table shows the PE ratio for TFBANK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average8.1x

Price-To-Earnings vs Peers: TFBANK is expensive based on its Price-To-Earnings Ratio (10.8x) compared to the peer average (8.1x).


Price to Earnings Ratio vs Industry

How does TFBANK's PE Ratio compare vs other companies in the Banks Industry?

Price-To-Earnings vs Industry: TFBANK is expensive based on its Price-To-Earnings Ratio (10.8x) compared to the Swedish Banks industry average (8.5x)


Price to Earnings Ratio vs Fair Ratio

What is TFBANK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TFBANK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.8x
Fair PE Ratio11.6x

Price-To-Earnings vs Fair Ratio: TFBANK is good value based on its Price-To-Earnings Ratio (10.8x) compared to the estimated Fair Price-To-Earnings Ratio (11.6x).


Share Price vs Fair Value

What is the Fair Price of TFBANK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TFBANK (SEK143.2) is trading below our estimate of fair value (SEK396.01)

Significantly Below Fair Value: TFBANK is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: TFBANK is good value based on its PEG Ratio (0.6x)


Discover undervalued companies

Future Growth

How is TF Bank forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


18.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TFBANK's forecast earnings growth (18.3% per year) is above the savings rate (0.3%).

Earnings vs Market: TFBANK's earnings (18.3% per year) are forecast to grow faster than the Swedish market (9.8% per year).

High Growth Earnings: TFBANK's earnings are forecast to grow, but not significantly.

Revenue vs Market: TFBANK's revenue (27.6% per year) is forecast to grow faster than the Swedish market (5.6% per year).

High Growth Revenue: TFBANK's revenue (27.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TFBANK's Return on Equity is forecast to be high in 3 years time (26.4%)


Discover growth companies

Past Performance

How has TF Bank performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


12.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TFBANK has high quality earnings.

Growing Profit Margin: TFBANK's current net profit margins (33.3%) are lower than last year (34.2%).


Past Earnings Growth Analysis

Earnings Trend: TFBANK's earnings have grown by 12.9% per year over the past 5 years.

Accelerating Growth: TFBANK's earnings growth over the past year (27.5%) exceeds its 5-year average (12.9% per year).

Earnings vs Industry: TFBANK earnings growth over the past year (27.5%) underperformed the Banks industry 30.5%.


Return on Equity

High ROE: TFBANK's Return on Equity (19.6%) is considered low.


Discover strong past performing companies

Financial Health

How is TF Bank's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

4/6

Financial Health Score 4/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: TFBANK's Assets to Equity ratio (10.6x) is moderate.

Allowance for Bad Loans: TFBANK has a low allowance for bad loans (77%).

Low Risk Liabilities: 97% of TFBANK's liabilities are made up of primarily low risk sources of funding.

Loan Level: TFBANK has an appropriate level of Loans to Assets ratio (72%).

Low Risk Deposits: TFBANK's Loans to Deposits ratio (83%) is appropriate.

Level of Bad Loans: TFBANK has a high level of bad loans (5.4%).


Discover healthy companies

Dividend

What is TF Bank current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.70%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: TFBANK's dividend (0.7%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (1.67%).

High Dividend: TFBANK's dividend (0.7%) is low compared to the top 25% of dividend payers in the Swedish market (5.41%).


Stability and Growth of Payments

Stable Dividend: TFBANK is not paying a notable dividend for the Swedish market, therefore no need to check if payments are stable.

Growing Dividend: TFBANK is not paying a notable dividend for the Swedish market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Earnings Coverage: TFBANK is not paying a notable dividend for the Swedish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TFBANK's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.6yrs

Average management tenure


CEO

Mattias Carlsson (49 yo)

4.58yrs

Tenure

kr6,125,000

Compensation

Mr. Mattias Carlsson served as Chairman of the Board at Hoist Finance AB (publ) since April 13, 2021 until February 17, 2022. He has been Director at Monivent AB since May 2019. He has been Chief Executive...


CEO Compensation Analysis

Compensation vs Market: Mattias's total compensation ($USD604.85K) is about average for companies of similar size in the Swedish market ($USD563.24K).

Compensation vs Earnings: Mattias's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: TFBANK's management team is considered experienced (4.6 years average tenure).


Board Members

Experienced Board: TFBANK's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Ownership

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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

TF Bank AB (publ)'s employee growth, exchange listings and data sources


Key Information

  • Name: TF Bank AB (publ)
  • Ticker: TFBANK
  • Exchange: OM
  • Founded: 1987
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: kr3.079b
  • Shares outstanding: 21.50m
  • Website: https://www.tfbankgroup.com

Number of Employees


Location

  • TF Bank AB (publ)
  • PO Box 947
  • Borås
  • Västra Götaland County
  • 501 10
  • Sweden

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/23 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.