Avanza Bank Holding AB (publ)

LSE:0NUK Stock Report

Market Cap: SEK 53.9b

Avanza Bank Holding Valuation

Is 0NUK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0NUK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
SEK 359.85
Fair Value
4.8% undervalued intrinsic discount
12
Number of Analysts

Below Fair Value: 0NUK (SEK342.6) is trading below our estimate of fair value (SEK359.85)

Significantly Below Fair Value: 0NUK is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0NUK?

Key metric: As 0NUK is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0NUK. This is calculated by dividing 0NUK's market cap by their current earnings.
What is 0NUK's PE Ratio?
PE Ratio23.9x
EarningsSEK 2.25b
Market CapSEK 53.87b

Price to Earnings Ratio vs Peers

How does 0NUK's PE Ratio compare to its peers?

The above table shows the PE ratio for 0NUK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.4x
IGG IG Group Holdings
9.8x1.7%UK£3.6b
TCAP TP ICAP Group
20.5x21.4%UK£2.0b
PLUS Plus500
9.6x0.4%UK£2.1b
AJB AJ Bell
21.5x8.8%UK£1.8b
0NUK Avanza Bank Holding
23.9x6.3%SEK 53.9b

Price-To-Earnings vs Peers: 0NUK is expensive based on its Price-To-Earnings Ratio (23.9x) compared to the peer average (15.4x).

Price to Earnings Ratio vs Industry

How does 0NUK's PE Ratio compare vs other companies in the GB Capital Markets Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CBA CEIBA Investments
2.7xn/aUS$41.08m
PNIX Phoenix Digital Assets
1xn/aUS$26.51m
IX. i(x) Net Zero
0.1xn/aUS$8.94m
APQ APQ Global
0.5xn/aUS$6.35m
0NUK 23.9xIndustry Avg. 12.0xNo. of Companies20PE01224364860+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0NUK is expensive based on its Price-To-Earnings Ratio (23.9x) compared to the UK Capital Markets industry average (11.9x).

Price to Earnings Ratio vs Fair Ratio

What is 0NUK'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.

0NUK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.9x
Fair PE Ratio16.7x

Price-To-Earnings vs Fair Ratio: 0NUK is expensive based on its Price-To-Earnings Ratio (23.9x) compared to the estimated Fair Price-To-Earnings Ratio (16.7x).

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 0NUK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 342.60
SEK 298.67
-12.8%
19.6%SEK 400.00SEK 200.00n/a12
Jan ’26SEK 271.45
SEK 246.27
-9.3%
13.4%SEK 310.00SEK 193.00n/a11
Dec ’25SEK 234.27
SEK 242.60
+3.6%
15.8%SEK 310.00SEK 186.00n/a10
Nov ’25SEK 222.00
SEK 244.70
+10.2%
15.4%SEK 310.00SEK 186.00n/a10
Oct ’25SEK 254.07
SEK 247.10
-2.7%
15.8%SEK 310.00SEK 190.00n/a10
Sep ’25SEK 243.52
SEK 247.82
+1.8%
15.2%SEK 320.00SEK 192.00n/a11
Aug ’25SEK 240.40
SEK 247.82
+3.1%
15.2%SEK 320.00SEK 192.00n/a11
Jul ’25SEK 261.23
SEK 234.50
-10.2%
16.6%SEK 320.00SEK 185.00n/a10
Jun ’25SEK 273.90
SEK 227.90
-16.8%
17.9%SEK 320.00SEK 181.00n/a10
May ’25SEK 242.30
SEK 218.20
-9.9%
14.8%SEK 257.00SEK 165.00n/a10
Apr ’25SEK 230.00
SEK 198.56
-13.7%
11.3%SEK 227.00SEK 164.00n/a9
Mar ’25SEK 230.67
SEK 198.56
-13.9%
11.3%SEK 227.00SEK 164.00n/a9
Feb ’25SEK 208.38
SEK 197.44
-5.2%
11.1%SEK 227.00SEK 164.00SEK 334.209
Jan ’25SEK 231.55
SEK 192.78
-16.7%
9.3%SEK 210.00SEK 160.00SEK 271.459
Dec ’24SEK 205.74
SEK 191.33
-7.0%
10.2%SEK 210.00SEK 158.00SEK 234.279
Nov ’24SEK 187.83
SEK 193.78
+3.2%
11.6%SEK 230.00SEK 158.00SEK 222.009
Oct ’24SEK 190.82
SEK 201.25
+5.5%
11.3%SEK 230.00SEK 162.00SEK 254.078
Sep ’24SEK 211.78
SEK 202.25
-4.5%
11.6%SEK 230.00SEK 162.00SEK 243.528
Aug ’24SEK 234.98
SEK 200.75
-14.6%
11.6%SEK 230.00SEK 162.00SEK 240.408
Jul ’24SEK 216.88
SEK 215.67
-0.6%
18.0%SEK 300.00SEK 168.00SEK 261.239
Jun ’24SEK 227.42
SEK 215.44
-5.3%
18.1%SEK 300.00SEK 166.00SEK 273.909
May ’24SEK 216.92
SEK 215.56
-0.6%
17.8%SEK 300.00SEK 166.00SEK 242.309
Apr ’24SEK 243.02
SEK 218.78
-10.0%
18.1%SEK 305.00SEK 163.00SEK 230.009
Mar ’24SEK 276.88
SEK 219.56
-20.7%
17.6%SEK 305.00SEK 170.00SEK 230.679
Feb ’24SEK 251.81
SEK 203.63
-19.1%
11.8%SEK 240.00SEK 170.00SEK 208.388
Analyst Price Target
Consensus Narrative from 12 Analysts
SEK 298.67
Fair Value
14.7% overvalued intrinsic discount
12
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/06 10:09
End of Day Share Price 2025/02/06 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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

Avanza Bank Holding AB (publ) is covered by 17 analysts. 11 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
Michael SandersonBarclays
Alexander MedhurstBarclays