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Avarda Bank AB (publ) (TFBANK.ST)
SEK186.20
-7.40 (-3.82%)
SE STO Financial Services Banks - Regional
Address
Lilla Brogatan 6 503 30
Borås, SE
Borås, SE
CEO
Joakim Jansson
Website
group.tfbank.se/en
IPO
2016-06-14
ISIN SE0025666969
Description
Avarda Bank AB (publ), a digital credit and payment platform, provides consumer banking services and e-commerce solutions in Sweden. The company operates through three segments: Consumer Lending, Ecommerce Solutions, and Credit Cards. It offers deposit products; unsecured consumer loans; and digital payment solutions, as well as credit cards. The company serves private individuals in Sweden, Finland, Norway, Denmark, Estonia, Latvia, Lithuania, Poland, Germany, Austria, Ireland, the Netherlands, Italy, and Spain. Avarda Bank AB (publ) was formerly known as TF Bank AB (publ) and changed its name to Avarda Bank AB (publ) in April 2026. The company was incorporated in 1972 and is headquartered in Borås, Sweden.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
SEK186.20
-7.40 (-3.82%)
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Volume Profile
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Liquidity & share structure
Average Volume
71.0K
Beta
0.56
Float Shares
23.47M
Free Float %
36.3%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +2.06% | +5.26% | +0.72% | +6.86% | +1.91% | +3.94% | +35.83% | +266.21% | +235.53% | +493.72% | +493.72% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
186.20
DCF (Unlevered)
401.11
+115.4%
DCF (Levered)
527.57
+183.3%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
100% Bullish
| Rating | 2026-04 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 1 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
-0.40
Distress
Piotroski F-Score
3 / 9
Average
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
5 / 5
High
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
-
Revenue growth+15.5% Q2'26: +32.7% (vs Q2'25)
-
EPS growth+6.2% Q2'26: +32.6% (vs Q2'25)
-
FCF margin— Q2'26: -5.0% (vs Q2'25)
-
EBIT margin— Q2'26: +21.7% (vs Q2'25)
-
ROIC— Q2'26: +25.5% (vs Q2'25)
-
Share dilution+0.2% Q2'26: +0.0% (vs Q2'25)
-
Debt / EBITDA— Q2'26: 0.00× (vs Q2'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 2 Rev. Ana. 1 EPS Ana. |
Dec 2027 1 Rev. Ana. 1 EPS Ana. |
Dec 2028 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
440.80M
est: 442.50M (-0.4%)
|
511.57M
est: 513.25M (-0.3%)
|
627.64M
est: 624.99M (+0.4%)
|
866.86M
est: 762.65M (+13.7%)
|
987.78M
est: 866.99M (+13.9%)
|
1.16B
est: 1.05B (+10.2%)
|
1.60B
est: 1.41B (+13.8%)
|
2.49B
est: 1.48B (+68.2%)
|
3.21B
est: 2.51B (+28.2%)
|
3.71B
est: 2.90B (+28.1%)
|
3.55B
3.45B – 3.66B
+22.6% YoY
|
4.26B
4.20B – 4.31B
+19.8% YoY
|
5.05B
5.01B – 5.09B
+18.6% YoY
|
| EBITDA |
—
est: 124.42M (-100.0%)
|
—
est: 144.31M (-100.0%)
|
—
est: 175.72M (-100.0%)
|
307.48M
est: 214.43M (+43.4%)
|
283.31M
est: 243.77M (+16.2%)
|
381.20M
est: 296.15M (+28.7%)
|
473.13M
est: 395.60M (+19.6%)
|
570.07M
est: 405.37M (+40.6%)
|
856.39M
est: 685.69M (+24.9%)
|
924.02M
est: 792.81M (+16.6%)
|
971.91M
943.86M – 999.96M
+22.6% YoY
|
1.16B
1.15B – 1.18B
+19.8% YoY
|
1.38B
1.37B – 1.39B
+18.6% YoY
|
| EBIT |
-4.74M
est: 114.28M (-104.2%)
|
-6.89M
est: 132.55M (-105.2%)
|
-9.96M
est: 161.41M (-106.2%)
|
289.36M
est: 196.96M (+46.9%)
|
262.64M
est: 223.91M (+17.3%)
|
352.56M
est: 272.03M (+29.6%)
|
435.73M
est: 363.38M (+19.9%)
|
509.60M
est: 372.01M (+37.0%)
|
787.99M
est: 629.27M (+25.2%)
|
853.56M
est: 727.58M (+17.3%)
|
891.94M
866.20M – 917.68M
+22.6% YoY
|
1.07B
1.05B – 1.08B
+19.8% YoY
|
1.27B
1.26B – 1.28B
+18.6% YoY
|
| Net Income |
117.50M
est: 135.34M (-13.2%)
|
151.46M
est: 152.33M (-0.6%)
|
191.83M
est: 172.89M (+11.0%)
|
221.93M
est: 218.47M (+1.6%)
|
202.72M
est: 193.48M (+4.8%)
|
277.21M
est: 269.90M (+2.7%)
|
342.46M
est: 329.24M (+4.0%)
|
396.70M
est: 1.27B (-68.8%)
|
632.35M
est: 503.75M (+25.5%)
|
667.05M
est: 636.68M (+4.8%)
|
833.18M
819.23M – 847.14M
+30.9% YoY
|
1.04B
1.01B – 1.05B
+24.8% YoY
|
1.24B
1.22B – 1.26B
+18.9% YoY
|
| SGA |
93.36M
est: 75.83M (+23.1%)
|
182.40M
est: 87.95M (+107.4%)
|
122.73M
est: 107.10M (+14.6%)
|
133.91M
est: 130.69M (+2.5%)
|
166.81M
est: 148.57M (+12.3%)
|
221.77M
est: 180.49M (+22.9%)
|
312.22M
est: 241.10M (+29.5%)
|
409.07M
est: 277.12M (+47.6%)
|
442.85M
est: 468.75M (-5.5%)
|
917.77M
est: 541.98M (+69.3%)
|
664.42M
645.24M – 683.59M
+22.6% YoY
|
796.02M
785.76M – 806.27M
+19.8% YoY
|
944.26M
937.34M – 951.18M
+18.6% YoY
|
| EPS |
1.82
est: 2.10 (-13.2%)
|
2.34
est: 2.36 (-0.7%)
|
2.97
est: 2.68 (+10.8%)
|
3.33
est: 3.39 (-1.6%)
|
3.03
est: 3.00 (+1.1%)
|
4.18
est: 4.18 (-0.1%)
|
5.08
est: 5.10 (-0.4%)
|
5.84
est: 19.68 (-70.3%)
|
9.34
est: 7.79 (+19.9%)
|
9.92
est: 9.85 (+0.7%)
|
12.89
12.67 – 13.11
+30.9% YoY
|
15.94
15.67 – 16.21
+23.7% YoY
|
19.13
18.81 – 19.45
+20.0% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-28 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-27 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-26 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-25 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-22 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-21 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-20 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-19 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-18 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-15 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-13 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-12 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-11 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-08 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-07 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-06 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
-694.04M
OE per share TTM
-10.73
Owner's Yield
-6.38%
Maintenance CapEx ratio
1.34%
Maint CapEx / Avg PPE
1.9%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 19 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Amundi MSCI Europe Small Cap ESG Broad Transition UCITS ETF Dist X026.DE | 0.05% | 156.9K | 0.23% |
| 2 | Amundi MSCI Europe Small Cap ESG Broad Transition UCITS ETF Acc CEM.PA | 0.05% | 156.9K | 0.23% |
| 3 | iShares MSCI Europe Small-Cap ETF IEUS | 0.03% | 52.7K | 0.41% |
| 4 | Avantis International Small Cap Value ETF AVDV | 0.03% | 5.15M | 0.36% |
| 5 | Xtrackers MSCI Europe Small Cap UCITS ETF 1C XXSC.L | 0.03% | 909.9K | 0.30% |
| 6 | Avantis International Small Cap Equity ETF AVDS | 0.02% | 67.4K | 0.30% |
| 7 | Dimensional - International Small Cap ETF DFIS | 0.02% | 966.9K | 0.39% |
| 8 | Avantis Global Small Cap Value UCITS ETF AVGS.L | 0.02% | 176.6K | 0.39% |
| 9 | State Street SPDR MSCI Europe Small Cap Value Weighted UCITS ETF EUR Acc ZPRX.DE | 0.02% | 119.7K | 0.30% |
| 10 | Dimensional - International Vector Equity ETF DXIV | 0.01% | 27.7K | 0.53% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
1.86M
Shares Outstanding
64.65M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Joakim Jansson | Chief Executive Officer & President | 7M | male |
| Mikael Meomuttel | Chief Financial Officer, Deputy Chief Executive Officer & Head of Investor Relations | 5M | male |
| Claudia Wiese | Chief Operating Officer | 3M | female |
| Nicole Norrestad | Head of Legal & Co-Acting Head of Corporate Office | — | — |
| Puce | Head of Latvia | — | male |
| Tobias Fahlqvist | Head of Group Controlling & Investor Relations | — | male |
| Vilma Sool | Head of Continental Europe Consumer Lending & Chief Commercial Officer | — | female |
| Wojciech Drozd | Head of Poland | — | male |
| Jonas Danielsson | Chief Risk Officer | — | — |
| Juho Maanpää | Head of Finland | — | male |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for TFBANK.ST
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
