TF Bank AB (SE:TFBANK)
:TFBANK
Top Page
TF Bank AB
(TFBANK)
Select Model
Select Model
Rating:78Outperform
Price Target:
kr180.00
▲(5.40% Upside)
Action:ReiteratedDate:01/22/26
The score is driven primarily by solid fundamentals (strong revenue growth, improving leverage) tempered by margin/earnings softening and notably volatile cash flows. Technicals add support with a clear uptrend and positive momentum. Valuation is favorable with a low P/E, though dividend yield data is unavailable.
Positive Factors
Sustained Revenue Growth
An 18.1% YoY revenue increase in 2025 shows durable demand for TF Bank’s consumer lending and merchant financing. Persistent top-line growth supports scale economics in underwriting and operations, improving capacity to invest in digital distribution and absorb credit cost volatility over the medium term.
Negative Factors
Margin Compression
Declining net and EBIT margins over recent years reflect margin normalization and/or higher funding or credit costs. Sustained margin pressure erodes return on equity and limits internal capital generation, making it harder to fund growth, dividends, or provisioning without operational improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
An 18.1% YoY revenue increase in 2025 shows durable demand for TF Bank’s consumer lending and merchant financing. Persistent top-line growth supports scale economics in underwriting and operations, improving capacity to invest in digital distribution and absorb credit cost volatility over the medium term.
Read all positive factors
TF Bank AB (TFBANK) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr11.51B
Dividend YieldN/A
Average Volume (3M)88.78K
Price to Earnings (P/E)15.9
Beta (1Y)0.40
Revenue Growth15.59%
EPS Growth24.31%
CountrySE
Employees443
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.83
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)12.89
Revenue Forecast (FY)kr3.56B
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’s earnings are primarily driven by net interest income and, to a lesser extent, fee and commission income associated with its lending and payment-related activities.
1) Net interest income from lending: The core revenue stream is interest...
TF Bank AB Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
83
Very Positive
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.71B | 3.21B | 2.49B | 1.60B | 1.16B |
| Gross Profit | 2.90B | 2.41B | 1.98B | 1.39B | 1.04B |
| EBITDA | 924.02M | 856.39M | 570.07M | 473.13M | 381.20M |
| Net Income | 667.05M | 632.35M | 396.70M | 342.46M | 277.21M |
Balance Sheet | |||||
| Total Assets | 29.12B | 25.07B | 23.95B | 18.38B | 13.39B |
| Cash, Cash Equivalents and Short-Term Investments | 17.58M | 18.56M | 18.92M | 57.69M | 1.28B |
| Total Debt | 714.13M | 511.79M | 505.76M | 296.53M | 251.62M |
| Total Liabilities | 26.08B | 22.30B | 21.79B | 16.64B | 11.96B |
| Stockholders Equity | 3.04B | 2.77B | 2.16B | 1.74B | 1.43B |
Cash Flow | |||||
| Free Cash Flow | 761.03M | -1.63B | 2.11B | 1.01B | 188.22M |
| Operating Cash Flow | 768.31M | -1.55B | 2.20B | 1.06B | 225.23M |
| Investing Cash Flow | -3.46B | 4.48M | -107.80M | -56.53M | -37.03M |
| Financing Cash Flow | 3.35B | -29.13M | 177.63M | -36.35M | 22.78M |
TF Bank AB Technical Analysis
Positive
170.78
Price Trends
161.85
Positive
164.70
Positive
161.33
Positive
Market Momentum
3.00
Negative
68.54
Neutral
91.81
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:TFBANK, the sentiment is Positive. The current price of 170.78 is above the 20-day moving average (MA) of 161.21, above the 50-day MA of 161.85, and above the 200-day MA of 161.33, indicating a bullish trend. The MACD of 3.00 indicates Negative momentum. The RSI at 68.54 is Neutral, neither overbought nor oversold. The STOCH value of 91.81 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:TFBANK.
TF Bank AB Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | kr11.51B | 15.87 | 26.88% | ― | 15.59% | 24.31% | |
69 Neutral | kr61.06B | 22.25 | 37.34% | 3.34% | 7.33% | 23.01% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | kr14.53B | 8.66 | 17.97% | 1.78% | 19.81% | 5.77% | |
54 Neutral | kr10.95B | 9.63 | ― | ― | 0.78% | 13.82% | |
48 Neutral | kr5.32B | -0.58 | -11.59% | ― | -6.65% | 95.09% |
* Financial Sector Average
SE:TFBANK
TF Bank AB
178.00
65.56
58.31%
SE:AZA
Avanza Bank Holding AB
386.90
105.15
37.32%
SE:HOFI
Hoist Finance AB
166.20
94.15
130.66%
SE:INTRUM
Intrum Justitia AB
40.68
14.86
57.55%
SE:NORION
Collector AB
57.70
19.76
52.08%
TF Bank AB Corporate Events
TF Bank Wins FCA Approval for UK Consumer Credit and Payment Services
Mar 27, 2026
TF Bank’s UK subsidiary, TFBN Services Ltd, has received authorisation from the UK Financial Conduct Authority to conduct consumer credit activities and offer payment services in the country. The approval strengthens TF Bank’s regulato...
TF Bank Calls 2026 AGM to Decide on Governance, Share Programs and Capital Measures
Mar 27, 2026
TF Bank AB, soon to be Avarda Bank AB, has called its Annual General Meeting for 5 May 2026 at the company’s premises in Borås, Sweden. Shareholders must be registered with Euroclear Sweden by 24 April 2026 and notify their attendance, ...
TF Bank’s Nomination Committee Sets Board Slate as Name Change to Avarda Nears
Mar 18, 2026
TF Bank AB, soon to be Avarda AB, is a fast-growing provider of credit and payment services in 14 European markets, using proprietary IT systems to deliver scalable, automated payment and financing solutions, and is listed on Nasdaq Stockholm. The...
TF Bank posts strong credit card and ecommerce growth despite loan portfolio amortisation
Mar 10, 2026
TF Bank reported that its total loan portfolio reached SEK 23,372 million at the end of February 2026, representing 21% growth in local currencies compared with a year earlier. Growth was tempered by the amortisation of a SEK 366 million corporate...
TF Bank Grows Loan Portfolio 23% as Card and E-commerce Volumes Surge
Feb 10, 2026
TF Bank reported that its total loan portfolio reached SEK 23,321 million at the end of January 2026, representing a 23% year-on-year increase in local currencies and underscoring continued expansion of its digital lending operations. The month...
TF Bank Delivers Strong 2025 Growth, Boosts Dividend and Prepares Rebrand to Avarda Bank
Jan 20, 2026
TF Bank AB reported strong growth for 2025, with loans to the public rising 23% in local currencies to SEK 23.7 billion and operating profit increasing 25% to SEK 856 million. Adjusted earnings per share climbed 29% and the cost/income ratio impro...
TF Bank Sets January Date for 2025 Year-End Report and Investor Call
Jan 7, 2026
TF Bank AB will release its year-end report for 2025 on 20 January 2026 and will host a same-day conference call for media, institutional investors, analysts and other stakeholders, where CEO Joakim Jansson and CFO Mikael Meomuttel will present th...
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.