Avarda Bank AB (publ)

OM:AVARDA Stock Report

Market Cap: SEK 11.1b

Avarda Bank Valuation

Is AVARDA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of AVARDA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: AVARDA (SEK171.6) is trading below our estimate of future cash flow value (SEK258.65)

Significantly Below Future Cash Flow Value: AVARDA is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AVARDA?

Key metric: As AVARDA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AVARDA. This is calculated by dividing AVARDA's market cap by their current earnings.
What is AVARDA's PE Ratio?
PE Ratio15.7x
EarningsSEK 706.94m
Market CapSEK 11.09b

Price to Earnings Ratio vs Peers

How does AVARDA's PE Ratio compare to its peers?

The above table shows the PE ratio for AVARDA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.9x
NORION Norion Bank
8.4x8.62%SEK 11.1b
NOBA NOBA Bank Group
10.7x15.65%SEK 38.4b
MORROW Morrow Bank
10.5x33.27%SEK 2.8b
LEA Lea Bank
10.1x20.78%SEK 1.2b
AVARDA Avarda Bank
15.7x19.35%SEK 11.1b

Price-To-Earnings vs Peers: AVARDA is expensive based on its Price-To-Earnings Ratio (15.7x) compared to the peer average (9.9x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does AVARDA's PE Ratio compare vs other companies in the European Banks Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AVARDA 15.7xIndustry Avg. 11.3xNo. of Companies40PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AVARDA is expensive based on its Price-To-Earnings Ratio (15.7x) compared to the European Banks industry average (11.3x).

Price to Earnings Ratio vs Fair Ratio

What is AVARDA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AVARDA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.7x
Fair PE Ratio12.4x

Price-To-Earnings vs Fair Ratio: AVARDA is expensive based on its Price-To-Earnings Ratio (15.7x) compared to the estimated Fair Price-To-Earnings Ratio (12.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AVARDA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 171.60
SEK 214.00
+24.71%
1.87%SEK 218.00SEK 210.00n/a2
May ’27SEK 167.00
SEK 214.00
+28.14%
1.87%SEK 218.00SEK 210.00n/a2
Jul ’26SEK 117.00
SEK 159.17
+36.04%
8.90%SEK 173.33SEK 145.00n/a2
Jun ’26SEK 126.67
SEK 159.17
+25.66%
8.90%SEK 173.33SEK 145.00SEK 164.002
May ’26SEK 118.67
SEK 159.17
+34.13%
8.90%SEK 173.33SEK 145.00SEK 167.002
Apr ’26SEK 116.00
SEK 155.00
+33.62%
7.53%SEK 166.67SEK 143.33SEK 168.002
Mar ’26SEK 125.00
SEK 155.00
+24.00%
7.53%SEK 166.67SEK 143.33SEK 157.402
Feb ’26SEK 123.00
SEK 153.33
+24.66%
8.70%SEK 166.67SEK 140.00SEK 171.842
Jan ’26SEK 121.67
SEK 131.67
+8.22%
11.39%SEK 146.67SEK 116.67SEK 163.742
Dec ’25SEK 115.67
SEK 118.33
+2.31%
1.41%SEK 120.00SEK 116.67SEK 165.662
Nov ’25SEK 104.67
SEK 100.67
-3.82%
19.21%SEK 120.00SEK 81.33SEK 186.022
Oct ’25SEK 87.67
SEK 95.67
+9.13%
14.98%SEK 110.00SEK 81.33SEK 182.182
Sep ’25SEK 84.00
SEK 90.22
+7.41%
7.20%SEK 96.67SEK 81.33SEK 160.663
Aug ’25SEK 85.33
SEK 90.22
+5.73%
7.20%SEK 96.67SEK 81.33SEK 135.003
Jul ’25SEK 79.33
SEK 78.56
-0.98%
11.95%SEK 91.00SEK 68.33SEK 117.003
Jun ’25SEK 71.33
SEK 72.56
+1.71%
5.82%SEK 76.33SEK 66.67SEK 126.673
SEK 214
Fair Value
19.8% undervalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/07 07:46
End of Day Share Price 2026/06/05 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Avarda Bank AB (publ) is covered by 6 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Jens HallenCarnegie Investment Bank AB
Max CederborgDanske Bank