Stock TFBANK TF BANK AB
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Financials TF Bank AB

Equities

TFBANK

SE0007331608

Banks

Market Closed - Nasdaq Stockholm
Other stock markets
 17:00:00 28/06/2024 BST 		5-day change 1st Jan Change
232 SEK -1.69% Intraday chart for TF Bank AB -4.53% +36.15%
04-16 TF Bank AB Reports Earnings Results for the First Quarter Ended March 31, 2024 CI
01-19 TF Bank AB Reports Earnings Results for the Fourth Quarter Ended December 31, 2023 CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,505 1,866 4,934 3,797 3,664 4,988 - -
Enterprise Value (EV) 1 2,505 1,866 4,934 3,797 3,664 4,988 4,988 4,988
P/E ratio 11.6 x 9.51 x 18.3 x 11.6 x 9.72 x 10.5 x 7.56 x 6.16 x
Yield - 1.15% 0.44% - - 0.18% 1.77% 2.22%
Capitalization / Revenue 3.26 x 2.13 x 4.68 x 2.69 x 1.83 x 2.02 x 1.65 x 1.4 x
EV / Revenue 3.26 x 2.13 x 4.68 x 2.69 x 1.83 x 2.02 x 1.65 x 1.4 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 2.08 x 1.62 x 1.3 x
Nbr of stocks (in thousands) 21,500 21,500 21,500 21,500 21,500 21,500 - -
Reference price 2 116.5 86.80 229.5 176.6 170.4 232.0 232.0 232.0
Announcement Date 06/02/20 28/01/21 25/01/22 20/01/23 19/01/24 - - -
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 2,465 3,026 3,551
EBITDA - - - - - - - -
EBIT 1 478 535.8 613.1 801.6 1,166 1,472 1,832 2,204
Operating Margin 62.17% 61.2% 58.1% 56.74% 58.38% 59.73% 60.55% 62.06%
Earnings before Tax (EBT) 1 289.4 263.1 352.6 434 509.6 646.2 886.1 1,088
Net income 1 215.2 196.2 269.9 326.4 376.9 485.8 670 810.1
Net margin 27.98% 22.41% 25.57% 23.11% 18.86% 19.71% 22.14% 22.81%
EPS 2 10.01 9.130 12.55 15.18 17.53 22.13 30.70 37.68
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - 1.000 1.000 - - 0.4167 4.107 5.162
Announcement Date 06/02/20 28/01/21 25/01/22 20/01/23 19/01/24 - - -
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 1 296 318.8 338.1 359 396.9 444.5 479.5 529.2 545.4 561 599.3 628.9 677.5 724 758
EBITDA - - - - - - - - - - - - - - -
EBIT 1 168.8 180.8 188.2 202.8 229.9 258 280.8 303.6 324.8 336.4 353.5 374.5 408 444 473
Operating Margin 57.03% 56.7% 55.66% 56.48% 57.92% 58.05% 58.56% 57.36% 59.56% 59.95% 58.99% 59.55% 60.22% 61.33% 62.4%
Earnings before Tax (EBT) 1 98.73 102.8 106.7 110.4 114.2 117.6 123 131.2 138.6 147.9 151.7 161.8 185.1 198 216
Net income 1 75.66 77.66 80.55 83.06 85.18 87.44 91.5 98.58 100.2 108.4 111.5 119.6 137.4 145 157
Net margin 25.56% 24.36% 23.82% 23.14% 21.46% 19.67% 19.08% 18.63% 18.36% 19.31% 18.61% 19.01% 20.28% 20.03% 20.71%
EPS 2 3.520 3.610 3.750 3.860 3.960 4.070 4.260 4.580 4.660 5.040 5.177 5.551 6.381 6.730 7.330
Dividend per Share 2 - - 1.000 - - - - - - - - - - - -
Announcement Date 25/01/22 19/04/22 12/07/22 17/10/22 20/01/23 17/04/23 13/07/23 18/10/23 19/01/24 16/04/24 - - - - -
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% 22.5% 24.5% 23.6%
ROA (Net income/ Total Assets) 3.06% - 2.29% 2.06% 1.79% 1.83% 2.12% 2.29%
Assets 1 7,036 - 11,797 15,869 21,056 26,612 31,677 35,436
Book Value Per Share 2 41.60 45.70 57.20 80.70 99.80 112.0 143.0 178.0
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 06/02/20 28/01/21 25/01/22 20/01/23 19/01/24 - - -
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

Ratings for TF Bank AB

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
232 SEK
Average target price
235.7 SEK
Spread / Average Target
+1.58%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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