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TFBA

TF BankOM:TFBANK Stock Report

Market Cap

kr4.3b

7D

14.2%

1Y

125.9%

Updated

14 Oct, 2021

Data

Company Financials +
TFBANK fundamental analysis
Snowflake Score
Valuation4/6
Future Growth6/6
Past Performance4/6
Financial Health4/6
Dividends0/6

TFBANK Overview

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

Price History & Performance

Summary of all time highs, changes and price drops for TF Bank
Historical stock prices
Current Share Pricekr199.20
52 Week Highkr76.40
52 Week Lowkr208.00
Beta1.12
1 Month Change15.41%
3 Month Change3.97%
1 Year Change125.85%
3 Year Change152.15%
5 Year Change118.90%
Change since IPO134.35%

Recent News & Updates

Shareholder Returns

TFBANKSE BanksSE Market
7D14.2%1.5%2.4%
1Y125.9%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

Is TFBANK's price volatile compared to industry and market?
TFBANK volatility
TFBANK Beta1.12
Industry Beta0.93
Market Beta1

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
1987224Mattias Carlssonhttps://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

How do TF Bank's earnings and revenue compare to its market cap?
TFBANK fundamental statistics
Market Capkr4.28b
Earnings (TTM)kr235.61m
Revenue (TTM)kr695.14m

18.2x

P/E Ratio

3.6x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TFBANK income statement (TTM)
Revenuekr695.14m
Cost of Revenuekr0
Gross Profitkr695.14m
Expenseskr459.54m
Earningskr235.61m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 18, 2021

Earnings per share (EPS)10.96
Gross Margin100.00%
Net Profit Margin33.89%
Debt/Equity Ratio16.7%

How did TFBANK perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

9%

Payout Ratio

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/14 21:28
End of Day Share Price2021/10/14 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.