Executive Summary
TF Bank AB (publ) provides consumer banking services in Sweden, Finland, Norway, Denmark, Estonia, Latvia, Lithuania, Poland, Germany, and Austria.
Rewards
Risk Analysis
Snowflake Analysis
Exceptional growth potential and good value.
Share Price & News
How has TF Bank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TFBANK's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
2.1%
TFBANK
3.1%
SE Banks
2.6%
SE Market
1 Year Return
-22.3%
TFBANK
11.8%
SE Banks
18.1%
SE Market
Return vs Industry: TFBANK underperformed the Swedish Banks industry which returned 9.4% over the past year.
Return vs Market: TFBANK underperformed the Swedish Market which returned 16.9% over the past year.
Shareholder returns
| TFBANK | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.1% | 3.1% | 2.6% |
| 30 Day | 0% | 7.1% | 5.1% |
| 90 Day | 24.9% | 29.3% | 20.9% |
| 1 Year | -22.3%-22.3% | 12.4%11.8% | 20.0%18.1% |
| 3 Year | -3.9%-8.7% | -15.2%-28.1% | 32.5%18.5% |
| 5 Year | n/a | -31.3%-47.6% | 45.4%16.6% |
Price Volatility Vs. Market
How volatile is TF Bank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
How Much Is TF Bank AB (publ) (STO:TFBANK) CEO Getting Paid?2 months ago | Simply Wall St
The TF Bank (STO:TFBANK) Share Price Is Down 23% So Some Shareholders Are Getting Worried3 months ago | Simply Wall St
Need To Know: TF Bank AB (publ) (STO:TFBANK) Insiders Have Been Buying SharesValuation
Is TF Bank undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TFBANK (SEK87.4) is trading below our estimate of fair value (SEK191.14)
Significantly Below Fair Value: TFBANK is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TFBANK is poor value based on its PE Ratio (9.5x) compared to the XE Banks industry average (9.3x).
PE vs Market: TFBANK is good value based on its PE Ratio (9.5x) compared to the Swedish market (22.1x).
Price to Earnings Growth Ratio
PEG Ratio: TFBANK is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: TFBANK is overvalued based on its PB Ratio (1.9x) compared to the SE Banks industry average (1.1x).
Next Steps
Future Growth
How is TF Bank forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
29.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TFBANK's forecast earnings growth (29% per year) is above the savings rate (0.5%).
Earnings vs Market: TFBANK's earnings (29% per year) are forecast to grow faster than the Swedish market (19.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TFBANK's revenue (23.6% per year) is forecast to grow faster than the Swedish market (6.4% per year).
High Growth Revenue: TFBANK's revenue (23.6% 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 (23.1%)
Next Steps
Past Performance
How has TF Bank performed over the past 5 years?
18.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TFBANK has high quality earnings.
Growing Profit Margin: TFBANK's current net profit margins (34.1%) are lower than last year (39.8%).
Past Earnings Growth Analysis
Earnings Trend: TFBANK's earnings have grown by 18.3% per year over the past 5 years.
Accelerating Growth: TFBANK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TFBANK had negative earnings growth (-6.6%) over the past year, making it difficult to compare to the Banks industry average (-4.9%).
Return on Equity
High ROE: TFBANK's Return on Equity (21.1%) is considered high.
Next Steps
Financial Health
How is TF Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: TFBANK's Assets to Equity ratio (9.4x) is low.
Allowance for Bad Loans: TFBANK has a low allowance for bad loans (95%).
Low Risk Liabilities: 95% 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 (77%).
Low Risk Deposits: TFBANK's Loans to Deposits ratio (90%) is appropriate.
Level of Bad Loans: TFBANK has a high level of bad loans (4.6%).
Next Steps
Dividend
What is TF Bank current dividend yield, its reliability and sustainability?
1.14%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TFBANK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TFBANK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TFBANK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TFBANK's dividend payments have been increasing.
Current Payout to Shareholders
Dividend 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.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
Mattias Carlsson (48 yo)
2.75yrs
Tenure
kr4,525,000
Compensation
Mr. Mattias Carlsson has been Director at Monivent AB since May 2019. He has been Chief Executive Officer of TF Bank AB since April 2018 and serves as its President. He served as Acting Chief Executive Off ...
CEO Compensation Analysis
Compensation vs Market: Mattias's total compensation ($USD517.60K) is about average for companies of similar size in the Swedish market ($USD450.29K).
Compensation vs Earnings: Mattias's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.75yrs | kr4.53m | 0.72% SEK 13.5m | |
| CFO, Deputy CEO & Head of Investor Relations | 11.58yrs | kr4.50m | no data | |
| Chief Information Officer | 10.58yrs | no data | no data | |
| Head of Poland | no data | no data | no data | |
| Head of the Consumer Lending Segment | 2.67yrs | no data | no data | |
| Head of the Ecommerce Solutions Segment | 2.67yrs | no data | no data | |
| Head of Estonia and Regional Manager Baltics | no data | no data | no data | |
| Head of Finland | no data | no data | no data | |
| Head of Latvia | no data | no data | no data | |
| Head of Germany | no data | no data | no data | |
| Head of Lithuania | no data | no data | no data | |
| 2.75yrs | kr2.32m | no data |
2.8yrs
Average Tenure
46yo
Average Age
Experienced Management: TFBANK's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 3.25yrs | kr650.00k | no data | |
| Independent Director | 4.67yrs | kr400.00k | no data | |
| Independent Chairman | 0.25yr | kr350.00k | 2.52% SEK 47.4m | |
| Independent Director | 13.58yrs | kr300.00k | no data | |
| Member of Nomination Committee | 12.58yrs | no data | no data | |
| Independent Director | 3.25yrs | kr300.00k | no data | |
| Independent Director | 0.25yr | no data | no data |
3.3yrs
Average Tenure
55yo
Average Age
Experienced Board: TFBANK's board of directors are considered experienced (3.3 years average tenure).
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 company bio, 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
- Market Cap: kr1.879b
- Shares outstanding: 21.50m
- Website: https://www.tfbankgroup.com
Number of Employees
Location
- TF Bank AB (publ)
- Lilla Brogatan 6
- Borås
- Västra Götaland County
- 501 10
- Sweden
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TFBANK | OM (OMX Nordic Exchange Stockholm) | Yes | Ordinary Shares | SE | SEK | Jun 2016 |
| 0RHM | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | SEK | Jun 2016 |
| TFBANS | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | SEK | Jun 2016 |
Biography
TF Bank AB (publ) provides consumer banking services in Sweden, Finland, Norway, Denmark, Estonia, Latvia, Lithuania, Poland, Germany, and Austria. The company operates through three segments: Consumer Len ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/11 20:43 |
| End of Day Share Price | 2020/08/11 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.