OM:ENGCON B Debt to Equity as at Oct 2024
Simply Wall St Value Rating: ★★★★☆☆
Overview: TF Bank AB (publ) is a digital bank offering consumer banking services and e-commerce solutions via its proprietary IT platform, with a market cap of SEK6.51 billion.
Operations: TF Bank AB (publ) generates revenue primarily from three segments: Credit Cards (SEK511.24 million), Consumer Lending (SEK607.24 million), and Ecommerce Solutions excluding Credit Cards (SEK363.28 million).
TF Bank, with assets totaling SEK24.1 billion and equity of SEK2.4 billion, navigates the financial landscape with a focus on low-risk funding—95% from customer deposits. Despite trading 50.9% below estimated fair value, it grapples with high bad loans at 10.6%, offset by a modest allowance of 62%. Recent earnings grew by 21.3%, outpacing the industry average of 11.8%, highlighting its potential amidst ongoing challenges in non-performing loans management and free cash flow deficits.
OM:TFBANK Earnings and Revenue Growth as at Oct 2024
Key TakeawaysReady To Venture Into Other Investment Styles?
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Companies discussed in this article include OM:AQ OM:ENGCON B and OM:TFBANK.
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Publish date : 2024-10-15 19:34:00
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