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TF Bank AB
(AVARDA)
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Rating:75Outperform
Price Target:
kr221.00
▲(19.33% Upside)
Action:Reiterated
Date:07/11/26
The score is driven primarily by solid fundamentals—strong revenue growth and an improving, conservatively levered balance sheet—tempered by meaningful cash flow volatility. Technically, the stock is in an uptrend (price above key moving averages) but momentum indicators are neutral, while valuation is broadly reasonable with a moderate P/E and a ~3.1% dividend yield.
Positive Factors
Revenue Growth
Sustained 18.1% revenue growth in 2025 demonstrates expanding loan volumes and merchant transaction activity, supporting scale in both consumer lending and the Avarda payments business. Durable top-line expansion over time underpins investment capacity, fee diversification and long-term market share gains.
Negative Factors
Cash Flow Volatility
Pronounced swings in operating and free cash flow complicate multi-year planning and weaken confidence in recurring cash available for lending, investments and payouts. Volatility raises funding and liquidity risk under adverse scenarios and makes capital deployment timing more uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained 18.1% revenue growth in 2025 demonstrates expanding loan volumes and merchant transaction activity, supporting scale in both consumer lending and the Avarda payments business. Durable top-line expansion over time underpins investment capacity, fee diversification and long-term market share gains.
Read all positive factors
TF Bank AB (AVARDA) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr12.67B
Dividend Yield3.03%
Average Volume (3M)88.78K
Price to Earnings (P/E)17.2
Beta (1Y)0.41
Revenue Growth17.46%
EPS Growth13.75%
CountrySE
Employees443
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)9.92
Shares Outstanding64,650,000
10 Day Avg. Volume104,991
30 Day Avg. Volume88,783
Financial Highlights & Ratios
PEG Ratio2.57
Price to Book (P/B)3.48
Price to Sales (P/S)2.85
P/FCF Ratio13.91
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)12.68
Revenue Forecast (FY)kr3.62B
TF Bank AB Business Overview & Revenue Model
Company Description
TF Bank AB (publ) provides consumer banking services and e-commerce solutions through a proprietary IT platform. The company operates in three segments: Consumer Lending, E-commerce Solutions, and Credit Cards. It provides savings accounts; unsecu...
How the Company Makes Money
TF Bank makes money primarily through (1) interest income from lending and (2) fee-based income from payment and merchant services. On the lending side, the bank originates and services consumer credit products; revenue is driven by the interest c...
TF Bank AB Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
83
Very Positive
Cash Flow
62
Positive
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TF Bank AB Technical Analysis
Positive
185.20
Price Trends
187.00
Positive
176.66
Positive
168.67
Positive
Market Momentum
4.09
Positive
54.60
Neutral
29.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:AVARDA, the sentiment is Positive. The current price of 185.2 is below the 20-day moving average (MA) of 193.96, below the 50-day MA of 187.00, and above the 200-day MA of 168.67, indicating a bullish trend. The MACD of 4.09 indicates Positive momentum. The RSI at 54.60 is Neutral, neither overbought nor oversold. The STOCH value of 29.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:AVARDA.
TF Bank AB Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | kr12.67B | 17.21 | 22.19% | 3.29% | 17.46% | 13.75% | |
73 Outperform | kr62.53B | 22.30 | 39.54% | 3.28% | 11.21% | 12.86% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | kr292.16B | 12.38 | 12.52% | 3.48% | -19.24% | -9.09% | |
63 Neutral | kr12.58B | 11.03 | ― | ― | -5.39% | -11.29% | |
53 Neutral | kr623.98M | -9.04 | -8.50% | ― | 12.07% | 47.22% |
* Financial Sector Average
SE:AVARDA
TF Bank AB
201.00
39.68
24.60%
SE:AZA
Avanza Bank Holding AB
400.00
50.68
14.51%
SE:MORROW
Komplett Bank ASA
14.20
0.05
0.37%
SE:SHB.B
Svenska Handelsbanken AB Class B
232.00
38.80
20.08%
SE:QLIRO
Qliro AB
18.05
-4.13
-18.62%
SE:NORION
Collector AB
66.40
-4.20
-5.95%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.