Avanza Bank Holding (AZA) Stock Overview
Provides various savings, pension, and mortgages products in Sweden. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 3/6 |
| Past Performance | 5/6 |
| Financial Health | 4/6 |
| Dividends | 4/6 |
AZA Community Fair Values
Create NarrativeSee what 37 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Top Community Narratives
SEK 304.47
FV
13.7% overvalued intrinsic discount8.00%
Revenue growth p.a.
63
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Avanza Bank Holding AB (publ) Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | SEK 346.30 |
| 52 Week High | SEK 409.20 |
| 52 Week Low | SEK 307.80 |
| Beta | 0.64 |
| 1 Month Change | 4.53% |
| 3 Month Change | 4.97% |
| 1 Year Change | 1.32% |
| 3 Year Change | 48.75% |
| 5 Year Change | 30.98% |
| Change since IPO | 2,692.75% |
Recent News & Updates
Narrative Update • Apr 29
AZA: Fair Value Increase Will Face Mixed Rating And Execution Risks
Analysts have lifted the fair value estimate for Avanza Bank Holding from SEK 279 to SEK 325, citing updated assumptions for revenue growth, profit margins and discount rate, as well as recent changes in Street ratings. Analyst Commentary Recent Street research on Avanza Bank Holding reflects a mixed stance, with some firms citing valuation as a reason to shift toward a more neutral view while keeping price targets unchanged.
Narrative Update • Apr 14
AZA: Mixed Rating Shifts And Dividend Plans Will Shape Future Pricing Power
The analyst fair value estimate for Avanza Bank Holding has shifted slightly higher to SEK 380.85 from SEK 378.08, reflecting modest adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions, alongside recent mixed rating changes from analysts citing valuation as a key factor. Analyst Commentary Recent rating changes around Avanza Bank Holding have centered on valuation, with some analysts becoming more comfortable at current levels while others remain cautious on execution and growth assumptions embedded in the shares.Recent updates
Narrative Update • Apr 29
AZA: Fair Value Increase Will Face Mixed Rating And Execution Risks
Analysts have lifted the fair value estimate for Avanza Bank Holding from SEK 279 to SEK 325, citing updated assumptions for revenue growth, profit margins and discount rate, as well as recent changes in Street ratings. Analyst Commentary Recent Street research on Avanza Bank Holding reflects a mixed stance, with some firms citing valuation as a reason to shift toward a more neutral view while keeping price targets unchanged.Narrative Update • Apr 14
AZA: Mixed Rating Shifts And Dividend Plans Will Shape Future Pricing Power
The analyst fair value estimate for Avanza Bank Holding has shifted slightly higher to SEK 380.85 from SEK 378.08, reflecting modest adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions, alongside recent mixed rating changes from analysts citing valuation as a key factor. Analyst Commentary Recent rating changes around Avanza Bank Holding have centered on valuation, with some analysts becoming more comfortable at current levels while others remain cautious on execution and growth assumptions embedded in the shares.Narrative Update • Mar 31
AZA: Fragmented Retail Investing And Mixed Ratings Will Shape Future Pricing Power
The analyst fair value estimate for Avanza Bank Holding has been nudged higher to SEK 378.08 from SEK 376.75, as analysts adjust the discount rate and profitability assumptions in light of recent rating changes and refreshed price targets in the SEK 371 to SEK 445 range. Analyst Commentary Recent research on Avanza Bank Holding shows a mix of optimism and caution, with several firms adjusting ratings and price targets around the SEK 371 to SEK 445 range and one upgrade citing valuation as the key driver.
Narrative Update • Mar 17
AZA: Future Earnings Power Will Be Supported By European Retail Participation Trends
Narrative Update The analyst price target for Avanza Bank Holding is unchanged at SEK 445, as analysts reference a mix of recent upgrades, downgrades and initiations that collectively point to a more balanced view on valuation and earnings quality. Analyst Commentary Recent research on Avanza Bank Holding points to a mix of upgrades, initiations and target revisions that leaves the overall analyst stance balanced, with the SEK 445 target acting as a key reference level for valuation.Narrative Update • Mar 03
AZA: Future Earnings Power Will Be Driven By European Retail Participation
The average analyst price target for Avanza Bank Holding remains at SEK 445, with recent research highlighting slightly lower discount rate assumptions, marginally higher revenue growth and profit margin forecasts, as well as a modestly reduced future P/E expectation as key drivers behind the updated view. Analyst Commentary Street research on Avanza Bank Holding has been mixed in the near term, with both upgrades and downgrades, as well as initiation of coverage at a Neutral rating.Narrative Update • Feb 17
AZA: Fragmented European Retail Investing Will Support Future Premium Pricing Potential
Analysts have inched their fair value estimate for Avanza Bank Holding up to SEK 376.75 from SEK 372.92, reflecting updated views on discount rates, revenue growth, profit margins and future P/E after a mix of recent downgrades, upgrades and a higher Street price target of SEK 445. Analyst Commentary Recent research on Avanza Bank Holding reflects a mix of optimism and caution, with some analysts lifting targets and others taking a more guarded stance.Narrative Update • Feb 03
AZA: Updated Market Assumptions Will Support Stronger Future Earnings Multiple
Narrative Update Analysts have nudged their price target on Avanza Bank Holding to SEK 445 from SEK 425, citing updated assumptions around slightly lower discount rates, modestly higher revenue growth, and a small adjustment to long term profit margin and future P/E expectations. Analyst Commentary Bullish analysts are leaning into a more constructive view on Avanza Bank Holding, pointing to refreshed valuation work and sector themes that they see as supportive for the equity story.Analysis Article • Jan 29
Avanza Bank Holding (STO:AZA) Is Increasing Its Dividend To SEK12.75
The board of Avanza Bank Holding AB (publ) ( STO:AZA ) has announced that it will be paying its dividend of SEK12.75 on...Narrative Update • Jan 20
AZA: Digital Platform Execution In Fragmented Europe Will Drive Premium Pricing Potential
Our updated analyst price target for Avanza Bank Holding edges down slightly to SEK 372.92, reflecting modest tweaks to assumptions on discount rate, growth and margins, even as recent Street targets, which range from SEK 371 to SEK 445, highlight differing analyst views on the stock's potential. Analyst Commentary Bullish Takeaways Bullish analysts setting a SEK 445 price target see room for the shares to trade closer to the upper end of the recent target range, suggesting confidence in the company’s ability to execute on its current business model.Analysis Article • Jan 06
Here's Why We Think Avanza Bank Holding (STO:AZA) Is Well Worth Watching
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Narrative Update • Jan 06
AZA: Higher Margin Outlook Will Support Stronger Future Earnings Multiple
Analysts have lifted their price target on Avanza Bank Holding from SEK 405 to SEK 425, citing updated assumptions around revenue growth, profit margins, the discount rate, and a revised future P/E multiple. Valuation Changes Fair Value Estimate: raised from SEK 405 to SEK 425, a modest upward adjustment in the target range.Narrative Update • Dec 20
AZA: Digital Platform Execution And Premium Pricing Will Shape A More Balanced Outlook
Analysts have nudged their fair value estimate for Avanza Bank Holding slightly higher to SEK 376.80 from SEK 374.40. Analyst Commentary Analysts remain cautious despite the modest upward revision in fair value, reflecting a more balanced view on Avanza Bank Holding's risk and reward profile.Narrative Update • Dec 06
AZA: Improved Margins And Earnings Visibility Will Shape A More Balanced Outlook
Analysts have modestly lifted their price target for Avanza Bank Holding to SEK 374.40 from SEK 369.89, reflecting slightly higher assumed revenue growth, improved profit margins, and a marginally richer future P E multiple. Analyst Commentary Recent research updates indicate that the bank has largely grown into its valuation, prompting a shift in stance from more cautious views toward a neutral positioning.Narrative Update • Nov 22
AZA: Price Target Upgrade And Fair Value Outlook Will Guide Performance Ahead
Avanza Bank Holding's analyst price target has been raised from SEK 327 to SEK 360. Analysts cite the company's improved valuation alignment as the key rationale for the change.Narrative Update • Nov 06
AZA: Upgraded Rating And Stabilized Outlook Will Shape Medium-Term Performance
Analysts have raised their price target for Avanza Bank Holding from SEK 361.33 to SEK 369.89. They cite steady growth and improved fundamentals as justification for the adjustment.Narrative Update • Oct 22
Analyst Commentary Highlights Raised Price Target and Improved Outlook for Avanza Bank Holding
Analysts have raised their price target for Avanza Bank Holding from SEK 350 to SEK 361. This reflects improved revenue growth and profit margin assumptions that support the company's current valuation.Narrative Update • Oct 08
Our Google Cloud Migration And Product Launches Will Deliver Excellence
Analysts have raised their fair value estimate for Avanza Bank Holding from SEK 345.67 to SEK 350.11. This change reflects improved confidence in the company's valuation and growth prospects based on recent research updates.Analysis Article • Sep 25
Some Confidence Is Lacking In Avanza Bank Holding AB (publ)'s (STO:AZA) P/E
It's not a stretch to say that Avanza Bank Holding AB (publ)'s ( STO:AZA ) price-to-earnings (or "P/E") ratio of 20.9x...New Narrative • Mar 20
Expect Avanza's Revenue to Grow 8% as It Expands Services and Market Share
Rising Interest Rates: Higher interest rates boost Avanza’s net interest income from client deposits.
New Narrative • Jan 26
Aiming For Leadership In Private Banking Could Open Opportunities But Faces Execution Risks
Avanza's expansion and innovation strategies come with execution risks and potential net margin compression due to increased operational costs.Shareholder Returns
| AZA | SE Capital Markets | SE Market | |
|---|---|---|---|
| 7D | -0.03% | 0.9% | -0.2% |
| 1Y | 1.3% | 9.1% | 13.0% |
Return vs Industry: AZA underperformed the Swedish Capital Markets industry which returned 9.1% over the past year.
Return vs Market: AZA underperformed the Swedish Market which returned 13% over the past year.
Price Volatility
| AZA volatility | |
|---|---|
| AZA Average Weekly Movement | 4.2% |
| Capital Markets Industry Average Movement | 5.5% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in SE Market | 13.5% |
| 10% least volatile stocks in SE Market | 3.7% |
Stable Share Price: AZA has not had significant price volatility in the past 3 months compared to the Swedish market.
Volatility Over Time: AZA's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1986 | 743 | Gustaf Unger | www.avanza.se |
Avanza Bank Holding AB (publ), together with its subsidiaries, provides various savings, pension, and mortgages products in Sweden. It offers share and fund, investment savings, endowment insurance, savings, endowment child insurance, external deposit, and pension insurance accounts, as well as occupational pensions and individual pension plans. 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.
Avanza Bank Holding AB (publ) Fundamentals Summary
| AZA fundamental statistics | |
|---|---|
| Market cap | SEK 54.66b |
| Earnings (TTM) | SEK 2.65b |
| Revenue (TTM) | SEK 5.08b |
20.7x
P/E Ratio10.8x
P/S RatioIs AZA overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| AZA income statement (TTM) | |
|---|---|
| Revenue | SEK 5.08b |
| Cost of Revenue | SEK 472.00m |
| Gross Profit | SEK 4.61b |
| Other Expenses | SEK 1.97b |
| Earnings | SEK 2.65b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Jul 14, 2026
| Earnings per share (EPS) | 16.76 |
| Gross Margin | 90.71% |
| Net Profit Margin | 52.05% |
| Debt/Equity Ratio | 0% |
How did AZA perform over the long term?
See historical performance and comparisonDividends
3.7%
Current Dividend Yield76%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/31 06:50 |
| End of Day Share Price | 2026/05/29 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Avanza Bank Holding AB (publ) is covered by 22 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Alexander Medhurst | Barclays |
| Michael Sanderson | Barclays |