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1. Company Snapshot

1.a. Company Description

Thurgauer Kantonalbank provides various banking products and services to private individuals, businesses, companies, and public sectors in Switzerland.It offers accounts, home and personal loans, mortgages, asset management, financial planning, guarantees, cards, mobile payment, and online banking services.The company also provides investment and real estate services.


It operates through a network of 28 branches and 70 ATMs. Thurgauer Kantonalbank was founded in 1871 and is headquartered in Weinfelden, Switzerland.

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1.b. Last Insights on TKBP

Thurgauer Kantonalbank (VTX:TKBP) has experienced a 3.0% performance over the past three months, driven by steady growth in its core banking business and a favorable interest rate environment. The bank's efforts to expand its digital offerings and improve operational efficiency have also contributed to its positive performance.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Investing in Thurgauer Kantonalbank (VTX:TKBP) five years ago would have delivered you a 34% gain

Mar -20

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Thurgauer Kantonalbank (VTX:TKBP) Could Be A Buy For Its Upcoming Dividend

Jun -07

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Investors in Thurgauer Kantonalbank (VTX:TKBP) have seen favorable returns of 33% over the past five years

May -11

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4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.97%)

6. Segments

Banking and Related Activities

Expected Growth: 4.97%

Thurgauer Kantonalbank's 4.97% growth in Banking and Related Activities is driven by increasing demand for mortgage lending, growth in corporate banking, and expansion into digital banking services. Additionally, the bank's strong capital position, efficient cost management, and favorable interest rate environment have contributed to its growth.

7. Detailed Products

Private Banking

Personalized financial services for private individuals, including investment advice, portfolio management, and wealth planning.

Corporate Banking

Financial solutions for businesses, including cash management, trade finance, and lending.

Mortgage Lending

Competitive mortgage rates and flexible repayment terms for individuals and businesses.

Investment Products

Range of investment products, including mutual funds, bonds, and structured products.

Payment Services

Efficient payment solutions for individuals and businesses, including online banking and mobile banking.

E-Banking

Secure online banking platform for managing accounts, paying bills, and transferring funds.

Card Services

Range of credit and debit cards, including cashback and rewards programs.

Asset Management

Professional investment management services for institutional clients and private investors.

8. Thurgauer Kantonalbank's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Thurgauer Kantonalbank is moderate, as customers have alternative banking options available.

Bargaining Power Of Customers

The bargaining power of customers is low, as Thurgauer Kantonalbank has a strong customer base and offers personalized services.

Bargaining Power Of Suppliers

The bargaining power of suppliers is moderate, as Thurgauer Kantonalbank relies on a few key suppliers for its operations.

Threat Of New Entrants

The threat of new entrants is high, as the banking industry is highly competitive and new fintech companies are emerging.

Intensity Of Rivalry

The intensity of rivalry is high, as Thurgauer Kantonalbank operates in a highly competitive market with many established players.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 80.44%
Debt Cost 3.95%
Equity Weight 19.56%
Equity Cost 4.31%
WACC 4.02%
Leverage 411.38%

11. Quality Control: Thurgauer Kantonalbank passed 4 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Value: 8.0

Growth: 7.0

Quality: 7.7

Yield: 3.1

Momentum: 9.5

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Arbuthnot Banking

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Value: 9.3

Growth: 9.0

Quality: 6.3

Yield: 8.1

Momentum: 4.0

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A-Score: 7.1/10

Value: 7.9

Growth: 5.1

Quality: 7.6

Yield: 8.8

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Volatility: 6.7

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Skjern Bank

A-Score: 6.8/10

Value: 7.8

Growth: 5.4

Quality: 8.1

Yield: 3.8

Momentum: 9.5

Volatility: 6.3

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A-Score: 5.9/10

Value: 5.0

Growth: 2.0

Quality: 5.5

Yield: 3.8

Momentum: 9.0

Volatility: 10.0

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A-Score: 4.7/10

Value: 5.8

Growth: 4.3

Quality: 5.5

Yield: 5.0

Momentum: 4.0

Volatility: 3.3

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

163.5$

Current Price

163.5$

Potential

-0.00%

Expected Cash-Flows