Thurgauer Kantonalbank (TKBP) AI Stock Analysis

• Market Cap: CHF612.00M
• Dividend Yield: 2.12%
• Average Volume (3M): 1.26K
• Price to Earnings (P/E): 3.9
• Beta (1Y): 0.04
• Revenue Growth: -0.48%
• EPS Growth: -0.59%
• Country: CH
• Employees: 560
• Sector: Financial
• Sector Strength: 81
• Industry: Banks - Regional
• EPS (TTM): 39.51
• Shares Outstanding: 4,000,000
• 10 Day Avg. Volume: 1,358
• 30 Day Avg. Volume: 1,260
• PEG Ratio: -0.28
• Price to Book (P/B): 1.04
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 74 Outperform
• Price Target: ―

Thurgauer Kantonalbank benefits from solid profitability and a positive technical trend, with an attractive valuation suggesting potential undervaluation. However, revenue contraction and cash flow volatility present challenges that need addressing for sustained financial health.

Thurgauer Kantonalbank Business Overview & Revenue Model

Company Description

Thurgauer Kantonalbank (TKBP) is a Swiss regional bank headquartered in the canton of Thurgau. It operates within the financial services sector, providing a range of banking products and services tailored to meet the needs of individuals, small and medium-sized enterprises, and corporate clients. The bank's core offerings include retail banking, commercial banking, wealth management, and mortgage lending, supported by a strong local presence and commitment to customer service.

How the Company Makes Money

Thurgauer Kantonalbank generates revenue primarily through interest income from loans and mortgages, which constitute a significant portion of its earnings. Additionally, the bank earns money through fees and commissions associated with its various financial services, including transaction fees, account maintenance charges, and advisory services in wealth management. The bank also benefits from trading and investment activities, although these typically represent a smaller portion of overall revenue. Strategic partnerships with other financial institutions and a strong local customer base further support TKBP's financial performance, ensuring a steady flow of income from diverse banking operations.

Thurgauer Kantonalbank Financial Statement Overview

Summary

Thurgauer Kantonalbank displays solid profitability and a robust equity position, which are strengths in its financial profile. However, challenges such as revenue contraction and cash flow volatility need to be addressed to maintain financial resilience in the banking sector.

Income Statement

Thurgauer Kantonalbank has demonstrated stable revenue generation with a consistent gross profit margin of 100%. However, recent revenue growth has been negative, which impacts overall performance. The EBIT and net profit margins are healthy, indicating effective cost management.

Balance Sheet

The bank maintains a strong equity base with an increasing equity ratio, enhancing financial stability. However, the debt-to-equity ratio is relatively high, suggesting a reliance on leverage, which poses some risk, particularly in volatile market conditions.

Cash Flow

Cash flow from operations has been volatile, with negative figures impacting free cash flow stability. Although recent improvements in free cash flow are encouraging, the overall cash flow situation requires careful management to ensure future liquidity.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
409.62M	426.89M	433.21M	392.87M	385.32M
	Gross Profit
409.62M	414.43M	433.21M	392.87M	385.32M
	EBIT
217.17M	228.31M	159.11M	155.75M	138.87M
	EBITDA
171.76M	185.55M	173.28M	169.88M	151.39M
	Net Income Common Stockholders
158.02M	158.95M	147.85M	145.55M	139.08M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
6.02B	4.98B	6.14B	4.87B	4.45B
	Total Assets
35.43B	32.80B	33.29B	30.13B	28.71B
	Total Debt
8.87B	11.12B	11.63B	9.11B	8.84B
	Net Debt
2.85B	6.14B	5.49B	4.24B	4.39B
	Total Liabilities
32.60B	30.10B	30.72B	27.68B	26.33B
	Stockholders Equity
2.83B	2.70B	2.56B	2.46B	2.38B
Cash Flow		Free Cash Flow
336.85M	-1.10B	376.23M	182.72M	139.98M
	Operating Cash Flow
340.99M	-1.09B	388.64M	196.16M	151.32M
	Investing Cash Flow
-1.52B	-938.29M	757.51M	-524.07M	997.65M
	Financing Cash Flow
2.23B	-252.77M	121.65M	744.84M	207.52M

Thurgauer Kantonalbank Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 154.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:TKBP, the sentiment is Positive. The current price of 154 is above the 20-day moving average (MA) of 148.03, above the 50-day MA of 144.07, and above the 200-day MA of 131.23, indicating a bullish trend. The MACD of 2.89 indicates Negative momentum. The RSI at 65.01 is Neutral, neither overbought nor oversold. The STOCH value of 74.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:TKBP.

Thurgauer Kantonalbank Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TKBP	74 Outperform	CHF612.00M	3.87	5.60%	2.12%	-0.48%	-0.59%
CMBN	70 Outperform	CHF3.05B	17.85	13.44%	4.13%	11.02%	7.87%
Sector *	64 Neutral	$12.66B	9.79	7.67%	17015.07%	12.23%	-6.06%

Thurgauer Kantonalbank Corporate Events

Thurgauer Kantonalbank’s 2024 Reports Approved with Increased Dividend

The Thurgau Grand Council has approved TKB’s 2024 annual and sustainability reports, finalizing a dividend increase to 3.40 francs per participation certificate. The bank will distribute over 60 million francs to the canton, benefiting from strong financial results. This includes a profit distribution of 52.8 million francs and additional compensations, reflecting TKB’s robust performance and commitment to stakeholders.

Thurgauer Kantonalbank Releases 2024 Annual and Sustainability Report

Thurgauer Kantonalbank has released its 2024 Annual and Sustainability Report, which includes financial statements and non-financial reporting on sustainability and corporate governance. The report, approved by the Thurgau Grand Council, proposes a higher dividend of 3.40 francs per participation certificate due to strong business results. Additionally, TKB has published a GRI specialist report detailing its sustainability strategy implementation.