AZA Stock Analysis: Avanza Bank Holding (publ) | ST
Banks - Regional | ST, Sweden | Market Cap: 59.849m SEK | 12M Return: 10.7% | SE0012454072 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 77.2M
EPS Trend: 98.3%
Qual. Beats: 1
Rev. Trend: 95.0%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 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 company that offers savings, pension, and mortgage products through its subsidiaries. Its portfolio includes investment savings accounts, fund and share trading, endowment and child insurance, occupational pensions, individual pension plans, and external deposit accounts. The company also trades in equities, funds, and other securities, and provides external and green mortgages, private banking mortgages, margin loans, and stock lending products.
In addition to financial products, Avanza offers decision support services and publishes independent financial commentary through its website Placera and the weekly magazine Börsveckan. It primarily serves individual and professional investors, alongside corporate customers such as entrepreneurs, asset managers, and occupational pension clients. Swedens pension system combines a public pension with mandatory and voluntary occupational pensions, a framework that has historically supported demand for private pension and savings providers.
Avanza was incorporated in 1986 and is headquartered in Stockholm. It is listed on the Stockholm Stock Exchange under the ticker AZA and is classified as a mid-cap financials company within the regional banks sub-industry.
- Net interest margin expands as Riksbank raises policy rates
- Trading commissions rise with Swedish retail market volatility
- Customer AUM growth drives sustained fee income gains
| 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 October 06, 2026, the stock is trading at SEK 389.30 with a total of 247,965 shares traded. Over the past week, the price has changed by +2.61%, over one month by -1.24%, over three months by -1.54% and over the past year by +10.65%.
Current recommended Stop Loss: 370.30 (which is 4.9% or 2.2 ATR below the current price).
Avanza Bank Holding (publ) has no consensus analysts rating.
P/E Trailing = 21.1725
P/E Forward = 18.3824
P/S = 11.1284
P/B = 7.5145
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 = 58.4b SEK (59.8b + Debt 1.65b - CCE 3.14b)
Interest Coverage Ratio = 17.88 (Ebit TTM 3.36b / Interest Expense TTM 188.0m)
EV/FCF = 3.50x (Enterprise Value 58.4b / FCF TTM 16.7b)
FCF Yield = 28.60% (FCF TTM 16.7b / Enterprise Value 58.4b)
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 = 0.12 (Enterprise Value 58.4b / 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 = 7.63% (E(59.8b)/V(61.5b) * Re(7.57%) + D(1.65b)/V(61.5b) * Rd(11.41%) * (1-Tc(0.14)))
Discount Rate = 7.57% (= 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=5.05 | Chg30d=+0.79% | Revisions=+0% | Analysts=4
EPS current Year (2026-12-31): EPS=19.42 | Chg30d=+0.07% | Revisions=+25% | GrowthEPS=+17.5% | GrowthRev=+16.5%
EPS next Year (2027-12-31): EPS=20.47 | Chg30d=+0.35% | Revisions=+50% | GrowthEPS=+5.4% | GrowthRev=+9.6%
[Analyst] Revisions Ratio: +57% (up=4, down=0)