(AZA) Avanza Bank Holding (publ) - ST
Sector: Financial Services | Industry: Banks - Regional | Exchange: ST (Sweden) | Market Cap: 60.417m SEK | Total Return: 27.7% in 12m
Avg Turnover: 95.9M
EPS Trend: 98.0%
Qual. Beats: 0
Rev. Trend: 93.9%
Qual. Beats: 0
Warnings
Choppy
Tailwinds
Confidence
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: 2.67b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 5.49 > 1.0 |
| NWC/Revenue: -1.68k% < 20% (prev -1.38k%; Δ -295.9% < -1%) |
| CFO/TA 0.09 > 3% & CFO 39.1b > Net Income 2.67b |
| Net Debt (-2.20b) to EBITDA (3.24b): -0.68 < 3 |
| Current Ratio: 0.04 > 1.5 & < 3 |
| Outstanding Shares: last quarter (158.2m) vs 12m ago 0.19% < -2% |
| Gross Margin: 77.55% > 18% (prev 79.80%; Δ -2.25% > 0.5%) |
| Asset Turnover: 1.48% > 50% (prev 1.44%; Δ 0.04% > 0%) |
| Interest Coverage Ratio: 8.27 > 6 (EBIT TTM 3.14b / Interest Expense TTM 380.0m) |
| A: -0.22 (Total Current Assets 3.86b - Total Current Liabilities 101b) / Total Assets 438b |
| B: 0.02 (Retained Earnings 7.06b / Total Assets 438b) |
| C: 0.01 (EBIT TTM 3.14b / Avg Total Assets 393b) |
| D: 0.02 (Book Value of Equity 7.85b / Total Liabilities 431b) |
| Altman-Z'' = -1.33 = CCC |
As of June 24, 2026, the stock is trading at SEK 384.30 with a total of 144,043 shares traded. Over the past week, the price has changed by +0.16%, over one month by +9.08%, over three months by +20.12% and over the past year by +27.74%.
Current recommended Stop Loss: 371.80 (which is 3.3% or 1.2 ATR below the current price).
Avanza Bank Holding (publ) has no consensus analysts rating.
P/E Trailing = 22.8265
P/E Forward = 20.7039
P/S = 11.8884
P/B = 6.6051
P/EG = 6.32
Revenue TTM = 5.80b SEK
EBIT TTM = 3.14b SEK
EBITDA TTM = 3.24b 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 = -2.20b SEK (calculated: Debt 1.65b - CCE 3.86b)
Enterprise Value = 58.2b SEK (60.4b + Debt 1.65b - CCE 3.86b)
Interest Coverage Ratio = 8.27 (Ebit TTM 3.14b / Interest Expense TTM 380.0m)
EV/FCF = 1.49x (Enterprise Value 58.2b / FCF TTM 39.0b)
FCF Yield = 67.08% (FCF TTM 39.0b / Enterprise Value 58.2b)
FCF Margin = 673.7% (FCF TTM 39.0b / Revenue TTM 5.80b)
Net Margin = 46.03% (Net Income TTM 2.67b / Revenue TTM 5.80b)
Gross Margin = 77.55% ((Revenue TTM 5.80b - Cost of Revenue TTM 1.30b) / Revenue TTM)
Gross Margin QoQ = 74.61% (prev 74.62%)
Tobins Q-Ratio = 0.13 (Enterprise Value 58.2b / Total Assets 438b)
Interest Expense / Debt = 22.97% (Interest Expense 380.0m / Debt 1.65b)
Taxrate = 14.65% (460.0m / 3.14b)
NOPAT = 2.68b (EBIT 3.14b * (1 - 14.65%))
Current Ratio = 0.04 (Total Current Assets 3.86b / Total Current Liabilities 101b)
Debt / Equity = 0.21 (Debt 1.65b / totalStockholderEquity, last quarter 7.85b)
Debt / EBITDA = -0.68 (Net Debt -2.20b / EBITDA 3.24b)
Debt / FCF = -0.06 (Net Debt -2.20b / FCF TTM 39.0b)
Total Stockholder Equity = 7.22b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.68% (Net Income 2.67b / Total Assets 438b)
RoE = 36.94% (Net Income TTM 2.67b / Total Stockholder Equity 7.22b)
RoCE = 41.46% (EBIT 3.14b / Capital Employed (Equity 7.22b + L.T.Debt 356.0m))
RoIC = 0.61% (NOPAT 2.68b / Invested Capital 438b)
WACC = 7.90% (E(60.4b)/V(62.1b) * Re(7.58%) + D(1.65b)/V(62.1b) * Rd(22.97%) * (1-Tc(0.15)))
Discount Rate = 7.58% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 73.33 | Cagr: 0.33%
[DCF] Terminal Value 77.97% ; FCFF base≈28.2b ; Y1≈32.3b ; Y5≈47.5b
[DCF] Fair Price = 4.55k (EV 715b - Net Debt -2.20b = Equity 717b / Shares 157.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 98.05 | EPS CAGR: 14.10% | SUE: 0.52 | # QB: 0
Revenue Correlation: 93.90 | Revenue CAGR: 13.10% | SUE: 0.81 | # QB: 0
EPS current Quarter (2026-06-30): EPS=4.42 | Chg30d=+1.10% | Revisions=+50% | Analysts=5
EPS next Quarter (2026-09-30): EPS=4.68 | Chg30d=+0.65% | Revisions=+50% | Analysts=5
EPS current Year (2026-12-31): EPS=18.20 | Chg30d=+0.95% | Revisions=+43% | GrowthEPS=+10.1% | GrowthRev=+11.8%
EPS next Year (2027-12-31): EPS=19.39 | Chg30d=+1.43% | Revisions=-14% | GrowthEPS=+6.5% | GrowthRev=+9.0%
[Analyst] Revisions Ratio: +50%