| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 6/6 |
| Past Performance | 4/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
TFBANK Overview
TF Bank AB (publ) provides consumer banking services and e-commerce solutions through a proprietary IT platform.
Rewards
Risk Analysis
No risks detected for TFBANK from our risk checks.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | kr199.20 |
| 52 Week High | kr76.40 |
| 52 Week Low | kr208.00 |
| Beta | 1.12 |
| 1 Month Change | 15.41% |
| 3 Month Change | 3.97% |
| 1 Year Change | 125.85% |
| 3 Year Change | 152.15% |
| 5 Year Change | 118.90% |
| Change since IPO | 134.35% |
Recent News & Updates
Shareholder Returns
| TFBANK | SE Banks | SE Market | |
|---|---|---|---|
| 7D | 14.2% | 1.5% | 2.4% |
| 1Y | 125.9% | 45.2% | 29.4% |
Return vs Industry: TFBANK exceeded the Swedish Banks industry which returned 42.6% over the past year.
Return vs Market: TFBANK exceeded the Swedish Market which returned 25.9% over the past year.
Price Volatility
| TFBANK volatility | |
|---|---|
| TFBANK Beta | 1.12 |
| Industry Beta | 0.93 |
| Market Beta | 1 |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1987 | 224 | Mattias Carlsson | https://www.group.tfbank.se/sv |
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 offers savings accounts and unsecured consumer loans, as well as credit cards.
TF Bank Fundamentals Summary
| TFBANK fundamental statistics | |
|---|---|
| Market Cap | kr4.28b |
| Earnings (TTM) | kr235.61m |
| Revenue (TTM) | kr695.14m |
18.2x
P/E Ratio3.6x
P/B RatioIs TFBANK overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TFBANK income statement (TTM) | |
|---|---|
| Revenue | kr695.14m |
| Cost of Revenue | kr0 |
| Gross Profit | kr695.14m |
| Expenses | kr459.54m |
| Earnings | kr235.61m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 18, 2021
| Earnings per share (EPS) | 10.96 |
| Gross Margin | 100.00% |
| Net Profit Margin | 33.89% |
| Debt/Equity Ratio | 16.7% |
How did TFBANK perform over the long term?
See historical performance and comparisonDividends
0.5%
Current Dividend Yield9%
Payout RatioValuation
Is TF Bank undervalued compared to its fair value and its price relative to the market?
36.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TFBANK (SEK199.2) is trading below our estimate of fair value (SEK312.35)
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 (18.2x) compared to the Swedish Banks industry average (12.4x).
PE vs Market: TFBANK is good value based on its PE Ratio (18.2x) compared to the Swedish market (23.3x).
Price to Earnings Growth Ratio
PEG Ratio: TFBANK is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: TFBANK is overvalued based on its PB Ratio (3.6x) compared to the SE Banks industry average (1.4x).
Future Growth
How is TF Bank forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
26.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TFBANK's forecast earnings growth (26.5% per year) is above the savings rate (0.3%).
Earnings vs Market: TFBANK's earnings (26.5% per year) are forecast to grow faster than the Swedish market (5.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TFBANK's revenue (26.2% per year) is forecast to grow faster than the Swedish market (4.1% per year).
High Growth Revenue: TFBANK's revenue (26.2% 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 (24.9%)
Past Performance
How has TF Bank performed over the past 5 years?
14.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TFBANK has high quality earnings.
Growing Profit Margin: TFBANK's current net profit margins (33.9%) are lower than last year (34.1%).
Past Earnings Growth Analysis
Earnings Trend: TFBANK's earnings have grown by 14.9% per year over the past 5 years.
Accelerating Growth: TFBANK's earnings growth over the past year (19.2%) exceeds its 5-year average (14.9% per year).
Earnings vs Industry: TFBANK earnings growth over the past year (19.2%) underperformed the Banks industry 36.6%.
Return on Equity
High ROE: TFBANK's Return on Equity (20.4%) is considered high.
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 (10.2x) is moderate.
Allowance for Bad Loans: TFBANK has a low allowance for bad loans (74%).
Low Risk Liabilities: 96% 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 (76%).
Low Risk Deposits: TFBANK's Loans to Deposits ratio (87%) is appropriate.
Level of Bad Loans: TFBANK has a high level of bad loans (6.5%).
Dividend
What is TF Bank current dividend yield, its reliability and sustainability?
0.50%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TFBANK's dividend (0.5%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (0.95%).
High Dividend: TFBANK's dividend (0.5%) is low compared to the top 25% of dividend payers in the Swedish market (3.59%).
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
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?
3.9yrs
Average management tenure
CEO
Mattias Carlsson (49 yo)
3.92yrs
Tenure
kr4,615,000
Compensation
Mr. Mattias Carlsson serves as Chairman of the Board at Hoist Finance AB (publ) since April 13, 2021. He has been Director at Monivent AB since May 2019. He has been Chief Executive Officer of TF Bank AB s...
CEO Compensation Analysis
Compensation vs Market: Mattias's total compensation ($USD534.19K) is about average for companies of similar size in the Swedish market ($USD574.96K).
Compensation vs Earnings: Mattias's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: TFBANK's management team is considered experienced (3.9 years average tenure).
Board Members
Experienced Board: TFBANK's board of directors are considered experienced (4.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TFBANK 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
- Market Cap: kr4.283b
- Shares outstanding: 21.50m
- Website: https://www.group.tfbank.se/sv
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/14 21:28 |
| End of Day Share Price | 2021/10/14 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.