AZA Stock Analysis: Avanza Bank Holding (publ) | ST
Banks - Regional | ST, Sweden | Market Cap: 60.638m SEK | 12M Return: 14.2% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 103M
EPS Trend: 98.3%
Qual. Beats: 1
Rev. Trend: 95.0%
Qual. Beats: 1
Warnings
No concerns identified
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Avanza Bank Holding AB (publ) is a Swedish financial services group that provides savings, pension, and mortgage products to individual and professional investors, as well as corporate customers. Its offerings include share and fund accounts, investment savings, endowment and pension insurance, occupational pensions, and various mortgage and lending products such as green mortgages, margin loans, and stock lending. The company also runs the financial media outlet Placera and the magazine Börsveckan, and is headquartered in Stockholm.
The business model centers on a digital-first retail savings and investment platform, with revenue largely tied to transaction-based brokerage, asset-based fees on customer holdings, and net interest income from mortgages and lending. Founded in 1986, Avanza competes primarily with Swedens major traditional banks by positioning itself as a lower-cost alternative for self-directed investors and pension savers.
- Net interest income expands as Riksbank holds policy rates higher
- Trading commissions track volatile Stockholm retail volumes
- Customer AUM growth supports recurring fund fee income
| Net Income: 2.86b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -3.64 > 1.0 |
| NWC/Revenue: -1.57k% < 20% (prev -1.52k%; Δ -52.35% < -1%) |
| CFO/TA 0.04 > 3% & CFO 16.7b > Net Income 2.86b |
| Net Debt (-1.49b) to EBITDA (3.46b): -0.43 < 3 |
| Current Ratio: 0.03 > 1.5 & < 3 |
| Outstanding Shares: last quarter (158.3m) vs 12m ago 0.23% < -2% |
| Gross Margin: 75.36% > 18% (prev 82.06%; Δ -6.70% > 0.5%) |
| Asset Turnover: 1.46% > 50% (prev 1.31%; Δ 0.15% > 0%) |
| Interest Coverage Ratio: 17.88 > 6 (EBIT TTM 3.36b / Interest Expense TTM 188.0m) |
| A: -0.21 (Total Current Assets 3.14b - Total Current Liabilities 101b) / Total Assets 473b |
| B: 0.01 (Retained Earnings 5.83b / Total Assets 473b) |
| C: 0.01 (EBIT TTM 3.36b / Avg Total Assets 427b) |
| D: 0.01 (Book Value of Equity 6.68b / Total Liabilities 466b) |
| Altman-Z'' = -1.25 = CCC |
As of July 28, 2026, the stock is trading at SEK 389.70 with a total of 179,293 shares traded. Over the past week, the price has changed by +0.72%, over one month by +0.28%, over three months by +16.64% and over the past year by +14.17%.
Current recommended Stop Loss: 363.70 (which is 6.7% or 2.7 ATR below the current price).
Avanza Bank Holding (publ) has no consensus analysts rating.
P/E Trailing = 21.4397
P/E Forward = 19.5695
P/S = 11.2752
P/B = 7.7401
P/EG = 6.32
Revenue TTM = 6.24b SEK
EBIT TTM = 3.36b SEK
EBITDA TTM = 3.46b SEK
Long Term Debt = 356.0m SEK (from longTermDebtTotal, last fiscal year)
Short Term Debt = 101b SEK (from shortTermDebt, last fiscal year)
Debt = 1.65b SEK (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.49b SEK (calculated: Debt 1.65b - CCE 3.14b)
Enterprise Value = 59.1b SEK (60.6b + Debt 1.65b - CCE 3.14b)
Interest Coverage Ratio = 17.88 (Ebit TTM 3.36b / Interest Expense TTM 188.0m)
EV/FCF = 3.54x (Enterprise Value 59.1b / FCF TTM 16.7b)
FCF Yield = 28.22% (FCF TTM 16.7b / Enterprise Value 59.1b)
FCF Margin = 267.4% (FCF TTM 16.7b / Revenue TTM 6.24b)
Net Margin = 45.87% (Net Income TTM 2.86b / Revenue TTM 6.24b)
Gross Margin = 75.36% ((Revenue TTM 6.24b - Cost of Revenue TTM 1.54b) / Revenue TTM)
Gross Margin QoQ = 74.93% (prev 74.61%)
Tobins Q-Ratio = 0.13 (Enterprise Value 59.1b / Total Assets 473b)
Interest Expense / Debt = 11.41% (Interest Expense 188.0m / Debt 1.65b)
Taxrate = 14.41% (484.0m / 3.36b)
NOPAT = 2.88b (EBIT 3.36b * (1 - 14.41%))
Current Ratio = 0.03 (Total Current Assets 3.14b / Total Current Liabilities 101b)
Debt / Equity = 0.25 (Debt 1.65b / totalStockholderEquity, last quarter 6.68b)
Debt / EBITDA = -0.43 (Net Debt -1.49b / EBITDA 3.46b)
Debt / FCF = -0.09 (Net Debt -1.49b / FCF TTM 16.7b)
Total Stockholder Equity = 7.24b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.67% (Net Income 2.86b / Total Assets 473b)
RoE = 39.54% (Net Income TTM 2.86b / Total Stockholder Equity 7.24b)
RoCE = 44.26% (EBIT 3.36b / Capital Employed (Equity 7.24b + L.T.Debt 356.0m))
RoIC = 0.61% (NOPAT 2.88b / Invested Capital 473b)
WACC = 7.55% (E(60.6b)/V(62.3b) * Re(7.49%) + D(1.65b)/V(62.3b) * Rd(11.41%) * (1-Tc(0.14)))
Discount Rate = 7.49% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 94.73 | Cagr: 0.29%
[DCF] Terminal Value 73.10% ; FCFF base≈21.0b ; Y1≈18.4b ; Y5≈14.8b
[DCF] Fair Price = 1.52k (EV 238b - Net Debt -1.49b = Equity 240b / Shares 157.8m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 98.31 | EPS CAGR: 14.70% | SUE: 1.08 | # QB: 1
Revenue Correlation: 94.95 | Revenue CAGR: 12.51% | SUE: 0.91 | # QB: 1
EPS current Quarter (2026-09-30): EPS=5.01 | Chg30d=+7.04% | Revisions=+40% | Analysts=4
EPS current Year (2026-12-31): EPS=19.43 | Chg30d=+6.77% | Revisions=+57% | GrowthEPS=+17.5% | GrowthRev=+16.6%
EPS next Year (2027-12-31): EPS=20.33 | Chg30d=+4.87% | Revisions=+57% | GrowthEPS=+4.6% | GrowthRev=+9.4%
[Analyst] Revisions Ratio: +77% (up=10, down=0)