| Valuation method | Value, CHF | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 303.78 | 78 |
| Intrinsic value (DCF) | 53.40 | -69 |
| Graham-Dodd Method | 123.09 | -28 |
| Graham Formula | 34.01 | -80 |
Thurgauer Kantonalbank (TKBP.SW) is a leading regional bank in Switzerland, offering a comprehensive suite of banking and financial services to private individuals, businesses, and public sectors. Founded in 1871 and headquartered in Weinfelden, the bank 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. As a cantonal bank, it benefits from strong local ties and a stable customer base in the Thurgau region. The bank’s focus on personalized service, combined with its robust digital offerings, positions it well in Switzerland’s competitive banking sector. With a market capitalization of CHF 616 million and a solid financial performance, Thurgauer Kantonalbank remains a key player in Swiss regional banking, emphasizing trust, reliability, and community-oriented financial solutions.
Thurgauer Kantonalbank presents a stable investment opportunity within the Swiss regional banking sector, supported by its strong local presence and consistent financial performance. The bank reported a net income of CHF 158 million in the latest fiscal year, with diluted EPS of CHF 7.9 and a dividend payout of CHF 3.3 per share, reflecting its profitability and shareholder-friendly policies. Its low beta of 0.005 indicates minimal volatility relative to the market, appealing to risk-averse investors. However, the bank operates in a highly regulated and competitive environment, with limited geographic diversification beyond the Thurgau region. While its strong capital position (CHF 6 billion in cash and equivalents) and low-risk profile are attractive, investors should weigh these against slower growth prospects compared to larger Swiss banks.
Thurgauer Kantonalbank competes in the Swiss regional banking sector, where it leverages its cantonal status and deep community roots to maintain a loyal customer base. Its competitive advantage lies in its localized service model, which fosters trust and long-term client relationships. The bank’s digital offerings, including online and mobile banking, help it compete with larger national players, though it lacks the scale and resources of Switzerland’s leading banks like UBS and Credit Suisse. Its conservative risk profile and focus on traditional banking services (e.g., mortgages, savings accounts) differentiate it from fintech disruptors but may limit growth in more innovative segments. The Swiss banking sector is highly competitive, with cantonal banks like Zürcher Kantonalbank and Luzerner Kantonalbank offering similar services but with broader geographic reach. Thurgauer Kantonalbank’s niche is its strong regional brand and stability, but it faces pressure from both larger banks (with superior technology and global reach) and smaller fintech firms (with more agile, customer-centric solutions).