Added to YB: 2023-06-20
Pitch date: 2023-06-20
TFSL [bullish]
TFS Financial Corporation
+69.73%
current return
Author Info
No bio for this author
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Company Info
TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States.
Market Cap
$4.9B
Pitch Price
$9.62
Price Target
N/A
Dividend
6.44%
EV/EBITDA
N/A
P/E
48.75
EV/Sales
N/A
Sector
Banks
Category
value
Show full summary:
TFS Financial (TFSL)
TFSL: MHC bank structure creates optical high P/E/P/B; backing out phantom MHC shares (>80% of shares), trades at 1/3 book, single-digit P/E, 8.9% covered yield. Boring Ohio residential mortgages. Full MHC conversion = 125%+ upside at 0.75x book; even scare-ending re-rating to $18-20 offers upside + fixed-income-like dividend.
Read full article (2 min)