Company Valuation: TF Bank AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 4,934 3,797 3,664 7,847 10,586 10,224 - -
Change - -23.05% -3.51% 114.2% 34.89% -3.42% - -
Enterprise Value (EV) 4,934 3,797 3,664 7,847 10,586 10,224 10,224 10,224
Change - -23.05% -3.51% 114.2% 34.89% -3.42% 0% 0%
P/E ratio 18.3x 11.6x 9.72x 13x 16.5x 12x 9.75x 7.97x
PBR 4.01x 2.19x 1.71x 3.11x 1.07x 2.86x 2.49x 2.14x
PEG - 0.6x 0.6x 0.2x 2.72x 0.4x 0.4x 0.4x
Capitalization / Revenue 4.68x 2.69x 1.83x 3.22x 3.64x 2.84x 2.36x 1.99x
EV / Revenue 0x 0x 0x 0x 0x 2.84x 2.36x 1.99x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 4.37x 3.59x 3.01x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.3333 - - 1.667 5 7.92 9.73 11.9
Rate of return 0.44% - - 1.37% 3.05% 5.01% 6.15% 7.52%
EPS 2 4.183 5.06 5.843 9.353 9.92 13.19 16.22 19.83
Distribution rate 7.97% - - 17.8% 50.4% 60% 60% 60%
Net sales 1 1,055 1,413 1,998 2,439 2,905 3,603 4,339 5,127
EBITDA - - - - - - - -
EBIT 1 613.1 801.6 1,166 1,505 1,852 2,339 2,851 3,400
Net income 1 269.9 326.4 376.9 603.2 641.2 853 1,049 1,282
Net Debt - - - - - - - -
Reference price 2 76.50 58.87 56.80 121.67 163.74 158.14 158.14 158.14
Nbr of stocks (in thousands) 64,500 64,500 64,500 64,500 64,650 64,650 - -
Announcement Date 25/01/22 20/01/23 19/01/24 20/01/25 20/01/26 - - -
1SEK in Million2SEK
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
11.99x - - 5.01% 1.14B
14.91x - - 1.91% 816B
13.8x - - 2.07% 379B
5.76x - - 5.41% 353B
14.59x - - 4.15% 296B
5.54x - - 5.39% 276B
13.66x - - 1.97% 267B
14.94x - - 2.93% 237B
5.69x - - 5.3% 235B
15.93x - - 2.43% 229B
Average 11.68x 3.65% 308.76B
Weighted average by Cap. 12.13x 3.23%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield