Financials TF Bank AB

Equities

TFBANK

SE0007331608

Banks

Market Closed - Nasdaq Stockholm 11:29:52 2024-04-26 am EDT 5-day change 1st Jan Change
203 SEK 0.00% Intraday chart for TF Bank AB +2.01% +19.13%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,505 1,866 4,934 3,797 3,664 4,364 - -
Enterprise Value (EV) 1 2,505 1,866 4,934 3,797 3,664 4,364 4,364 4,364
P/E ratio 11.6 x 9.51 x 18.3 x 11.6 x 9.72 x 9.25 x 6.64 x 5.39 x
Yield - 1.15% 0.44% - - 0.62% 1.6% 2.54%
Capitalization / Revenue 3.26 x 2.13 x 4.68 x 2.69 x 1.83 x 1.77 x 1.44 x 1.22 x
EV / Revenue 3.26 x 2.13 x 4.68 x 2.69 x 1.83 x 1.77 x 1.44 x 1.22 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 2.8 x 1.9 x 4.01 x 2.19 x 1.71 x 1.82 x 1.42 x 1.14 x
Nbr of stocks (in thousands) 21,500 21,500 21,500 21,500 21,500 21,500 - -
Reference price 2 116.5 86.80 229.5 176.6 170.4 203.0 203.0 203.0
Announcement Date 2/6/20 1/28/21 1/25/22 1/20/23 1/19/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 768.9 875.5 1,055 1,413 1,998 2,468 3,025 3,573
EBITDA - - - - - - - -
EBIT 1 478 535.8 613.1 801.6 1,166 1,477 1,840 2,226
Operating Margin 62.17% 61.2% 58.1% 56.74% 58.38% 59.84% 60.82% 62.32%
Earnings before Tax (EBT) 1 289.4 263.1 352.6 434 509.6 640 882.4 1,088
Net income 1 215.2 196.2 269.9 326.4 376.9 472.1 667.2 810.1
Net margin 27.98% 22.41% 25.57% 23.11% 18.86% 19.13% 22.05% 22.68%
EPS 2 10.01 9.130 12.55 15.18 17.53 21.95 30.57 37.69
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - 1.000 1.000 - - 1.250 3.257 5.165
Announcement Date 2/6/20 1/28/21 1/25/22 1/20/23 1/19/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 296 318.8 338.1 359 396.9 444.5 479.5 529.2 545.4 561 601 630 677 719 759
EBITDA - - - - - - - - - - - - - - -
EBIT 1 168.8 180.8 188.2 202.8 229.9 258 280.8 303.6 324.8 336.4 355 376.5 409.5 445 476
Operating Margin 57.03% 56.7% 55.66% 56.48% 57.92% 58.05% 58.56% 57.36% 59.56% 59.95% 59.07% 59.76% 60.49% 61.89% 62.71%
Earnings before Tax (EBT) 1 98.73 102.8 106.7 110.4 114.2 117.6 123 131.2 138.6 147.9 150.5 159.5 182.5 193 212
Net income 1 75.66 77.66 80.55 83.06 85.18 87.44 91.5 98.58 100.2 108.4 110.5 118 135.5 141 154
Net margin 25.56% 24.36% 23.82% 23.14% 21.46% 19.67% 19.08% 18.63% 18.36% 19.31% 18.39% 18.73% 20.01% 19.61% 20.29%
EPS 2 3.520 3.610 3.750 3.860 3.960 4.070 4.260 4.580 4.660 5.040 5.140 5.470 6.300 6.560 7.180
Dividend per Share 2 - - 1.000 - - - - - - - - - - - -
Announcement Date 1/25/22 4/19/22 7/12/22 10/17/22 1/20/23 4/17/23 7/13/23 10/18/23 1/19/24 4/16/24 - - - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 30.6% 22.3% 24.4% 20.6% 19.4% 21.9% 24.4% 23.6%
ROA (Net income/ Total Assets) 3.06% - 2.29% 2.06% 1.79% 1.83% 2.07% 2.24%
Assets 1 7,036 - 11,797 15,869 21,056 25,864 32,311 36,229
Book Value Per Share 2 41.60 45.70 57.20 80.70 99.80 111.0 143.0 178.0
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/6/20 1/28/21 1/25/22 1/20/23 1/19/24 - - -
1SEK in Million2SEK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
203 SEK
Average target price
217.7 SEK
Spread / Average Target
+7.22%
Consensus