Professional
Added to YB: 2024-12-19
Pitch date: 2024-12-17
TBCG.L [bullish]
TBC Bank Group PLC
+39.73%
current return
Author Info
Meditation Capital is a global long-only fund with a focus on investing in quality companies with exceptional products. Their goal is to generate high rates of return while striving to continually maintain safety of principal. Sign up for the newsletter.
Company Info
TBC Bank Group PLC, through its subsidiaries, provides banking, leasing, insurance, brokerage, and card processing services to corporate and individual customers in Georgia, Azerbaijan, and Uzbekistan.
Market Cap
GBP 9.7B
Pitch Price
GBP 29.09
Price Target
N/A
Dividend
4.61%
EV/EBITDA
N/A
P/E
7.45
EV/Sales
N/A
Sector
Banks
Category
growth
Meditation Capital Portfolio Holding: TBC Bank Group PLC
TBCG.L: #1-2 Georgian bank, 1.1x P/B. Uzbekistan digital bank expected 11% of 2025 profit, potential 3x by 2028. Q3: 99% y/y loan growth, 28% ROE. Ex-Tinkoff/Kaspi execs leading. New products launched. Kaspi's Humo deal failure clears growth path. Uzbekistan: 34m pop, $3k GDP/cap, liberalizing since 2017.
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