OM:ENGCON B Earnings and Revenue Growth as at Oct 2024
Simply Wall St Value Rating: ★★★★☆☆
Overview: TF Bank AB (publ) is a digital bank that offers consumer banking services and e-commerce solutions via its proprietary IT platform, with a market cap of SEK6.77 billion.
Operations: The bank 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, a relatively small player in the Swedish banking sector, shows promising potential with its earnings growth of 21.3% over the past year, surpassing the industry average of 11.8%. The bank’s robust funding structure is supported by 95% low-risk customer deposits. However, it faces challenges with a high level of bad loans at 10.6%, while maintaining an allowance for these at 62%. Trading at 49% below estimated fair value presents an intriguing opportunity for investors seeking undervalued assets.
OM:TFBANK Debt to Equity as at Oct 2024
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include OM:AQ OM:ENGCON B and OM:TFBANK.
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Publish date : 2024-10-16 19:24:00
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