| Valuation method | Value, £ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 1611.40 | 851 |
| Intrinsic value (DCF) | 82.85 | -51 |
| Graham-Dodd Method | 581.30 | 243 |
| Graham Formula | 2394.70 | 1313 |
Thurgauer Kantonalbank (TKB) is a leading regional bank in Switzerland, offering a comprehensive range of banking and financial services to private individuals, businesses, and public sectors. Founded in 1871 and headquartered in Weinfelden, TKB operates through a network of 28 branches and 70 ATMs, providing services such as accounts, loans, mortgages, asset management, financial planning, and digital banking solutions. The bank is deeply embedded in the Swiss financial ecosystem, leveraging its regional expertise to serve the Thurgau canton while maintaining a strong focus on customer-centric solutions. With a market capitalization of CHF 610 million and a solid financial performance, TKB plays a pivotal role in Switzerland's regional banking sector. Its commitment to stability, innovation, and local economic development makes it a trusted financial partner in the region.
Thurgauer Kantonalbank presents a stable investment opportunity within the Swiss regional banking sector, characterized by its strong local presence and consistent financial performance. With a net income of CHF 158 million and a diluted EPS of CHF 39.51 in the latest fiscal year, the bank demonstrates profitability and operational efficiency. The dividend yield, supported by a CHF 3.3 dividend per share, adds to its appeal for income-focused investors. However, the bank's low beta of 0.005 indicates minimal correlation with broader market movements, which may limit upside potential during bullish markets. Risks include exposure to the Swiss real estate market and regional economic fluctuations. Overall, TKB is a conservative investment suited for those seeking steady returns in a well-regulated banking environment.
Thurgauer Kantonalbank competes in the Swiss regional banking sector, where it differentiates itself through deep regional expertise and a customer-focused approach. Its competitive advantage lies in its strong local brand recognition, extensive branch network in the Thurgau canton, and a diversified product portfolio catering to both retail and business clients. The bank's low-cost structure, typical of Swiss cantonal banks, allows it to offer competitive loan and deposit rates. However, its regional focus limits its scale compared to larger Swiss banks, potentially constraining its ability to invest in cutting-edge digital banking technologies. TKB's conservative risk management aligns with Swiss banking regulations, ensuring stability but possibly limiting aggressive growth strategies. Its main competitors include other cantonal banks and larger Swiss financial institutions, which benefit from broader geographic reach and greater resources for innovation.