TF Bank Valuation
Is TFBANK undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
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 (SEK244) is trading below our estimate of fair value (SEK521.67)
Significantly Below Fair Value: TFBANK is trading below fair value by more than 20%.
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.
| What is TFBANK's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | SEK 5.12b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | 0.5x |
Price to Earnings Ratio vs Peers
How does TFBANK's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 7.4x | ||
NORION Norion Bank | 7.2x | 7.2% | SEK 9.0b |
SHB A Svenska Handelsbanken | 7.2x | -10.4% | SEK 202.3b |
SWED A Swedbank | 6.9x | -7.1% | SEK 250.5b |
SEB A Skandinaviska Enskilda Banken | 8.3x | -6.5% | SEK 325.1b |
TFBANK TF Bank | 13.2x | 26.2% | SEK 5.1b |
Price-To-Earnings vs Peers: TFBANK is expensive based on its Price-To-Earnings Ratio (13.2x) compared to the peer average (7.4x).
Price to Earnings Ratio vs Industry
How does TFBANK's PE Ratio compare vs other companies in the European Banks Industry?
Price-To-Earnings vs Industry: TFBANK is expensive based on its Price-To-Earnings Ratio (13.2x) compared to the European Banks industry average (7.7x).
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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 13.2x |
| Fair PE Ratio | 10.4x |
Price-To-Earnings vs Fair Ratio: TFBANK is expensive based on its Price-To-Earnings Ratio (13.2x) compared to the estimated Fair Price-To-Earnings Ratio (10.4x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | SEK 244.00 | SEK 235.67 -3.4% | 11.9% | SEK 273.00 | SEK 205.00 | n/a | 3 |
| Jun ’25 | SEK 214.00 | SEK 217.67 +1.7% | 5.8% | SEK 229.00 | SEK 200.00 | n/a | 3 |
| May ’25 | SEK 210.00 | SEK 217.67 +3.7% | 5.8% | SEK 229.00 | SEK 200.00 | n/a | 3 |
| Apr ’25 | SEK 167.20 | SEK 203.33 +21.6% | 1.7% | SEK 208.00 | SEK 200.00 | n/a | 3 |
| Mar ’25 | SEK 169.40 | SEK 197.33 +16.5% | 2.7% | SEK 202.00 | SEK 190.00 | n/a | 3 |
| Feb ’25 | SEK 175.00 | SEK 194.00 +10.9% | 2.9% | SEK 202.00 | SEK 190.00 | n/a | 3 |
| Jan ’25 | SEK 170.40 | SEK 193.67 +13.7% | 1.4% | SEK 196.00 | SEK 190.00 | n/a | 3 |
| Dec ’24 | SEK 148.60 | SEK 195.00 +31.2% | 2.1% | SEK 200.00 | SEK 190.00 | n/a | 3 |
| Nov ’24 | SEK 135.80 | SEK 195.00 +43.6% | 2.1% | SEK 200.00 | SEK 190.00 | n/a | 3 |
| Oct ’24 | SEK 149.00 | SEK 195.00 +30.9% | 2.6% | SEK 200.00 | SEK 190.00 | n/a | 2 |
| Sep ’24 | SEK 149.80 | SEK 195.00 +30.2% | 2.6% | SEK 200.00 | SEK 190.00 | n/a | 2 |
| Aug ’24 | SEK 152.00 | SEK 195.00 +28.3% | 2.6% | SEK 200.00 | SEK 190.00 | n/a | 2 |
| Jul ’24 | SEK 159.60 | SEK 199.50 +25.0% | 4.8% | SEK 209.00 | SEK 190.00 | SEK 238.00 | 2 |
| Jun ’24 | SEK 139.40 | SEK 199.50 +43.1% | 4.8% | SEK 209.00 | SEK 190.00 | SEK 214.00 | 2 |
| May ’24 | SEK 136.60 | SEK 204.50 +49.7% | 2.2% | SEK 209.00 | SEK 200.00 | SEK 210.00 | 2 |
| Apr ’24 | SEK 133.60 | SEK 203.00 +51.9% | 1.5% | SEK 206.00 | SEK 200.00 | SEK 167.20 | 2 |
| Mar ’24 | SEK 147.80 | SEK 203.00 +37.3% | 1.5% | SEK 206.00 | SEK 200.00 | SEK 169.40 | 2 |
| Feb ’24 | SEK 166.00 | SEK 202.00 +21.7% | 1.4% | SEK 206.00 | SEK 200.00 | SEK 175.00 | 3 |
| Jan ’24 | SEK 176.60 | SEK 199.33 +12.9% | 3.7% | SEK 208.00 | SEK 190.00 | SEK 170.40 | 3 |
| Dec ’23 | SEK 177.80 | SEK 199.33 +12.1% | 3.7% | SEK 208.00 | SEK 190.00 | SEK 148.60 | 3 |
| Nov ’23 | SEK 162.00 | SEK 199.33 +23.0% | 3.7% | SEK 208.00 | SEK 190.00 | SEK 135.80 | 3 |
| Oct ’23 | SEK 141.60 | SEK 213.33 +50.7% | 5.8% | SEK 230.00 | SEK 200.00 | SEK 149.00 | 3 |
| Sep ’23 | SEK 150.20 | SEK 213.33 +42.0% | 5.8% | SEK 230.00 | SEK 200.00 | SEK 149.80 | 3 |
| Aug ’23 | SEK 173.40 | SEK 213.33 +23.0% | 5.8% | SEK 230.00 | SEK 200.00 | SEK 152.00 | 3 |
| Jul ’23 | SEK 139.40 | SEK 230.00 +65.0% | 6.4% | SEK 250.00 | SEK 215.00 | SEK 159.60 | 3 |
Analyst Forecast: Target price is lower than the current share price.