| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 4/6 |
| Dividends | 4/6 |
AZA Stock Overview
Avanza Bank Holding AB (publ), together with its subsidiaries, provides online stock trading services in Sweden.
Avanza Bank Holding Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | kr292.00 |
| 52 Week High | kr376.50 |
| 52 Week Low | kr217.20 |
| Beta | 0.78 |
| 1 Month Change | -12.00% |
| 3 Month Change | -14.92% |
| 1 Year Change | 20.26% |
| 3 Year Change | 252.83% |
| 5 Year Change | 264.64% |
| Change since IPO | 2,254.85% |
Recent News & Updates
Do Avanza Bank Holding's (STO:AZA) Earnings Warrant Your Attention?
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
Shareholder Returns
| AZA | SE Capital Markets | SE Market | |
|---|---|---|---|
| 7D | -2.8% | -6.6% | -2.8% |
| 1Y | 20.3% | 55.0% | 15.9% |
Return vs Industry: AZA underperformed the Swedish Capital Markets industry which returned 55% over the past year.
Return vs Market: AZA exceeded the Swedish Market which returned 15.9% over the past year.
Price Volatility
| AZA volatility | |
|---|---|
| AZA Average Weekly Movement | 4.9% |
| Capital Markets Industry Average Movement | 6.3% |
| Market Average Movement | 6.7% |
| 10% most volatile stocks in SE Market | 11.7% |
| 10% least volatile stocks in SE Market | 3.9% |
Stable Share Price: AZA is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: AZA's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1999 | 603 | Rikard Josefson | https://www.avanza.se |
Avanza Bank Holding AB (publ), together with its subsidiaries, provides online stock trading services in Sweden. The company offers share and fund, investment savings, endowment insurance, endowment child insurance, external deposit, and pension insurance savings accounts, as well as occupational pensions and individual pension plans. It also trades in equities, funds, and other securities; and provides external and green mortgages, private banking mortgages, and margin loans and lending products.
Avanza Bank Holding Fundamentals Summary
| AZA fundamental statistics | |
|---|---|
| Market Cap | kr45.43b |
| Earnings (TTM) | kr2.05b |
| Revenue (TTM) | kr3.74b |
22.2x
P/E Ratio12.1x
P/S RatioIs AZA overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| AZA income statement (TTM) | |
|---|---|
| Revenue | kr3.74b |
| Cost of Revenue | kr439.00m |
| Gross Profit | kr3.30b |
| Expenses | kr1.26b |
| Earnings | kr2.05b |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
Feb 25, 2022
| Earnings per share (EPS) | 13.16 |
| Gross Margin | 88.27% |
| Net Profit Margin | 54.72% |
| Debt/Equity Ratio | 0% |
How did AZA perform over the long term?
See historical performance and comparisonDividends
3.2%
Current Dividend Yield70%
Payout RatioValuation
Is Avanza Bank Holding undervalued compared to its fair value and its price relative to the market?
0.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AZA (SEK292) is trading below our estimate of fair value (SEK294.68)
Significantly Below Fair Value: AZA is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: AZA is poor value based on its PE Ratio (22.2x) compared to the Swedish Capital Markets industry average (12.3x).
PE vs Market: AZA's PE Ratio (22.2x) is in line with the Swedish market.
Price to Earnings Growth Ratio
PEG Ratio: AZA's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: AZA is overvalued based on its PB Ratio (9.7x) compared to the SE Capital Markets industry average (1.5x).
Future Growth
How is Avanza Bank Holding forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
-0.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AZA's earnings are forecast to decline over the next 3 years (-0.2% per year).
Earnings vs Market: AZA's earnings are forecast to decline over the next 3 years (-0.2% per year).
High Growth Earnings: AZA's earnings are forecast to decline over the next 3 years.
Revenue vs Market: AZA's revenue is expected to decline over the next 3 years (-1.1% per year).
High Growth Revenue: AZA's revenue is forecast to decline over the next 3 years (-1.1% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AZA's Return on Equity is forecast to be high in 3 years time (33.7%)
Past Performance
How has Avanza Bank Holding performed over the past 5 years?
42.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AZA has high quality earnings.
Growing Profit Margin: AZA's current net profit margins (54.7%) are higher than last year (50.3%).
Past Earnings Growth Analysis
Earnings Trend: AZA's earnings have grown significantly by 42.1% per year over the past 5 years.
Accelerating Growth: AZA's earnings growth over the past year (53.3%) exceeds its 5-year average (42.1% per year).
Earnings vs Industry: AZA earnings growth over the past year (53.3%) underperformed the Capital Markets industry 188.2%.
Return on Equity
High ROE: AZA's Return on Equity (43.6%) is considered outstanding.
Financial Health
How is Avanza Bank Holding's financial position?
Financial Position Analysis
Short Term Liabilities: AZA's short term assets (SEK26.2B) do not cover its short term liabilities (SEK55.3B).
Long Term Liabilities: AZA's short term assets (SEK26.2B) do not cover its long term liabilities (SEK219.1B).
Debt to Equity History and Analysis
Debt Level: AZA is debt free.
Reducing Debt: AZA has no debt compared to 5 years ago when its debt to equity ratio was 7.6%.
Debt Coverage: AZA has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: AZA has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Avanza Bank Holding current dividend yield, its reliability and sustainability?
3.15%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AZA's dividend (3.15%) is higher than the bottom 25% of dividend payers in the Swedish market (1.04%).
High Dividend: AZA's dividend (3.15%) is low compared to the top 25% of dividend payers in the Swedish market (3.42%).
Stability and Growth of Payments
Stable Dividend: AZA's dividend payments have been volatile in the past 10 years.
Growing Dividend: AZA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (69.7%), AZA's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AZA's dividends in 3 years are forecast to be covered by earnings (74.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.0yrs
Average management tenure
CEO
Rikard Josefson (56 yo)
5yrs
Tenure
Mr. Rikard Josefson has been the Chief Executive Officer of Avanza Bank Holding AB (publ) since 2017. and serves its Managing Director. Mr. Josefson has been the President of Länsförsäkringar Bank AB (publ...
Leadership Team
Experienced Management: AZA's management team is considered experienced (4 years average tenure).
Board Members
Experienced Board: AZA's board of directors are considered experienced (3.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AZA insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Avanza Bank Holding AB (publ)'s employee growth, exchange listings and data sources
Key Information
- Name: Avanza Bank Holding AB (publ)
- Ticker: AZA
- Exchange: OM
- Founded: 1999
- Industry: Investment Banking and Brokerage
- Sector: Diversified Financials
- Implied Market Cap: kr45.427b
- Shares outstanding: 155.57m
- Website: https://www.avanza.se
Number of Employees
Location
- Avanza Bank Holding AB (publ)
- Regeringsgatan 103
- Box 1399
- Stockholm
- Stockholm County
- 111 93
- Sweden
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/23 18:45 |
| End of Day Share Price | 2022/01/21 00:00 |
| Earnings | 2021/12/31 |
| Annual Earnings | 2021/12/31 |
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 here.