Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
TBC Bank Group PLC is a United Kingdom-based holding company overseeing a diversified financial services group primarily operating in Georgia, with expansions into Azerbaijan and Uzbekistan. Founded in 1992 as Tbilisi Business Centre in Georgia, it has evolved into a universal banking provider offering retail, corporate, and investment banking solutions, alongside leasing, insurance, brokerage, card processing, and digital payment services to both individual and corporate clients. The group segments its operations into Georgian Financial Services, Uzbekistan Operations—including retail digital banking and the Payme platform—and other ventures like TBC Pay for self-service terminals and utility payments, plus e-commerce through My.GE. Notable subsidiaries encompass TBC Leasing for asset finance, TBC Insurance for non-health coverage, and TBC Invest for international brokerage. Led by CEO Vakhtang Butskhrikidze since 1995 and Chairman Arne Sten Berggren, with over 12,000 employees, TBC Bank Group PLC plays a pivotal role in regional financial markets, driving digital innovation such as mobile banking, remittances, buy-now-pay-later options, and QR payments amid Georgia's growing fintech ecosystem.
£46.08
£0.36 (-0.78%)
EOD Jul 3, 2026
40.62% net margin is above average for a financial institution, suggesting strong underwriting or fee income alongside controlled credit costs.
Revenue grew 19.6% YoY.
Financial stocks carry unique risks (credit cycles, regulatory changes, interest rate sensitivity) that aren't captured by standard quality metrics.
6.2x earnings. Below the sector average, the market may be pricing in credit losses or regulatory headwinds, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
GEL 3.58B
▲ +19.6% YoY
Net Income (TTM)
GEL 1.47B
▲ +8.6% YoY
Net Margin
40.96%
P/E
6.2x
Balance Sheet
Total Assets
GEL 43.94B
Equity
GEL 6.35B
Total Debt
GEL 7.05B
Cash & Equiv.
GEL 4.86B
3Y CAGR: +17.9%
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At a P/E of 6.2 and a price-to-free-cash-flow of 14.6, TBC Bank Group (TBCG.XLON) trades below a two-stage DCF intrinsic value of about GEL 152.22 per share, so at GEL 46.08 the stock looks undervalued (230.3% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, TBC Bank Group scores 82/100 on Intrinsiqq's quality scorecard (a high-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 5.5%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about GEL 152.22 per share for TBCG.XLON, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around GEL 114.16. At today's GEL 46.08, that puts the stock about 230.3% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
TBC Bank Group scores 82 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a high-quality business on these measures. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, TBC Bank Group pays a regular dividend of about GEL 8.85 per share per year (typically in quarterly installments), a yield of roughly 5.5% at the current price. That is a payout ratio of about 33.2% of earnings, so the dividend is amply covered by earnings. TBC Bank Group has grown the dividend at roughly 53.5% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For TBCG.XLON's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. TBCG.XLON currently trades below its estimated intrinsic value and scores 82/100 on quality (high-quality). It also yields about 5.5%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.