Thurgauer Kantonalbank (TKBP) AI Stock Analysis

• Market Cap: CHF652.00M
• Dividend Yield: 2.1%
• Average Volume (3M): 1.05K
• Price to Earnings (P/E): 4.1
• Beta (1Y): 0.07
• Revenue Growth: -13.79%
• EPS Growth: -1.57%
• Country: CH
• Employees: 560
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 19.13
• Shares Outstanding: 4,000,000
• 10 Day Avg. Volume: 1,126
• 30 Day Avg. Volume: 1,052
• PEG Ratio: -25.56
• Price to Book (P/B): 0.90
• Price to Sales (P/S): 6.20
• P/FCF Ratio: 7.54
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: CHF174.00 ▲(7.41% Upside)

Thurgauer Kantonalbank's overall stock score is driven by its strong valuation, indicating potential undervaluation and an attractive dividend yield. While financial performance shows solid profitability, revenue contraction and cash flow volatility are concerns. Technical indicators suggest a neutral to slightly bearish short-term outlook.

Positive Factors

Strong Equity Position

A strong equity position provides a solid foundation for financial stability, allowing the bank to withstand economic fluctuations and invest in growth opportunities.

Effective Cost Management

Effective cost management ensures that the bank can maintain profitability even in challenging revenue environments, supporting long-term financial health.

Local Market Leadership

Strong local market leadership enhances customer loyalty and provides a competitive edge, fostering sustainable revenue growth and community trust.

Negative Factors

Negative Revenue Growth

Negative revenue growth can undermine long-term financial stability, necessitating strategic adjustments to regain growth momentum and market confidence.

Cash Flow Volatility

Volatile cash flow can strain liquidity and limit the bank's ability to invest in growth initiatives, requiring careful management to ensure financial resilience.

High Debt-to-Equity Ratio

A high debt-to-equity ratio can increase financial risk, particularly in volatile markets, potentially impacting the bank's ability to manage debt obligations effectively.

Thurgauer Kantonalbank Business Overview & Revenue Model

Company Description

Thurgauer Kantonalbank (TKBP) is a leading cantonal bank in Switzerland, primarily serving the Thurgau region. It operates in the banking and financial services sector, providing a comprehensive range of products and services including retail banking, corporate banking, mortgage loans, investment services, and asset management. The bank is dedicated to supporting local businesses, individuals, and the regional economy while adhering to high standards of customer service and financial stability.

How the Company Makes Money

TKBP generates revenue primarily through the interest income earned on loans and mortgages provided to customers. This constitutes a significant portion of its earnings. Additionally, the bank earns fees and commissions from various financial services, such as investment management, account maintenance, and advisory services. The bank also engages in wealth management, which contributes to its revenue through management fees and performance-based fees. Furthermore, TKBP may generate income from its investment portfolio, including returns on securities and other financial assets. The bank's strong local presence and commitment to community development help foster relationships with clients, enhancing customer loyalty and thereby contributing to sustainable revenue growth.

Thurgauer Kantonalbank Financial Statement Overview

Summary

Thurgauer Kantonalbank displays solid profitability and a robust equity position, which are strengths in its financial profile. However, challenges such as revenue contraction and cash flow volatility need to be addressed to maintain financial resilience in the banking sector.

Income Statement

Thurgauer Kantonalbank has demonstrated stable revenue generation with a consistent gross profit margin of 100%. However, recent revenue growth has been negative, which impacts overall performance. The EBIT and net profit margins are healthy, indicating effective cost management.

Balance Sheet

The bank maintains a strong equity base with an increasing equity ratio, enhancing financial stability. However, the debt-to-equity ratio is relatively high, suggesting a reliance on leverage, which poses some risk, particularly in volatile market conditions.

Cash Flow

Cash flow from operations has been volatile, with negative figures impacting free cash flow stability. Although recent improvements in free cash flow are encouraging, the overall cash flow situation requires careful management to ensure future liquidity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	418.61M	409.62M	426.89M	433.21M	392.87M	385.32M
Gross Profit	418.61M	409.62M	414.43M	381.19M	373.67M	357.31M
EBITDA	171.63M	182.22M	185.55M	173.28M	169.88M	151.39M
Net Income	157.42M	158.02M	158.95M	147.85M	145.55M	139.08M
Balance Sheet
Total Assets	35.34B	35.43B	32.80B	33.29B	30.13B	28.71B
Cash, Cash Equivalents and Short-Term Investments	5.57B	6.02B	4.98B	6.14B	4.87B	4.45B
Total Debt	10.15B	8.87B	11.12B	11.63B	9.11B	8.84B
Total Liabilities	33.65B	32.60B	30.10B	30.72B	27.68B	26.33B
Stockholders Equity	1.69B	2.83B	2.70B	2.56B	2.46B	2.38B
Cash Flow
Free Cash Flow	0.00	336.85M	-1.10B	376.23M	182.72M	139.98M
Operating Cash Flow	0.00	340.99M	-1.09B	388.64M	196.16M	151.32M
Investing Cash Flow	0.00	339.47M	-938.29M	757.51M	-524.07M	997.65M
Financing Cash Flow	0.00	2.23B	-252.77M	121.65M	744.84M	207.52M

Thurgauer Kantonalbank Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 162.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:TKBP, the sentiment is Positive. The current price of 162 is above the 20-day moving average (MA) of 159.30, above the 50-day MA of 158.33, and above the 200-day MA of 152.16, indicating a bullish trend. The MACD of 1.43 indicates Negative momentum. The RSI at 60.29 is Neutral, neither overbought nor oversold. The STOCH value of 83.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:TKBP.

Thurgauer Kantonalbank Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WKBN	74 Outperform	CHF2.08B	24.24	5.30%	―	-8.80%	-5.90%
BCJ	73 Outperform	CHF203.67M	16.80	―	3.31%	-9.68%	-13.74%
TKBP	72 Outperform	CHF652.00M	4.14	5.67%	2.10%	-13.79%	-1.57%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Thurgauer Kantonalbank Corporate Events

Thurgauer Kantonalbank Reports Strong Half-Year Results and Strategic Organizational Changes

Thurgauer Kantonalbank reported a solid half-year performance in 2025, with business success rising by 5 percent compared to the previous year. The bank saw growth in customer loans and revenues, with a notable increase in mortgage volumes and managed customer assets. Despite a slight dip in half-year profit, the bank maintained a strong operational performance, supported by increased revenue in interest and commission businesses. TKB is implementing organizational changes to strengthen its position in investment and pension banking, aiming to enhance digitalization and internal collaboration without altering its workforce size.