Added to YB: 2026-04-02
Pitch date: 2026-03-30
TFBANK.ST [bullish]
TF Bank AB (publ)
+6.21%
current return
Author Info
No bio for this author
Company Info
TF Bank AB (publ), a digital credit and payment platform, provides consumer banking services and e-commerce solutions in Sweden.
Market Cap
SEK 10.2B
Pitch Price
SEK 158.18
Price Target
400.00
Dividend
N/A
EV/EBITDA
N/A
P/E
15.95
EV/Sales
N/A
Sector
Banks
Category
growth
The Rebrand That Changes Everything? Why TF Bank (Soon Avarda Bank)
TFBANK.ST: Rebranding to Avarda Bank, pivoting from sub-prime lender to white-label payments platform (think Klarna for merchants). Credit cards +48% in Germany, ecommerce volumes +27-32% YTD. SEK 23.7B loan book, 23% ROE, 36% cost/income. Trades 15.7x 2025 EPS of SEK 10. Fair PE model: 20x SEK 20 2028 EPS = SEK 400 PT (40% IRR). Risks: credit in recession, regulatory, execution.
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