Avanza Bank Holding AB (publ), together with its subsidiaries, provides online stock trading services in Sweden.
Outstanding track record with reasonable growth potential and pays a dividend.
Share Price & News
How has Avanza Bank Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AZA's share price has been volatile over the past 3 months.
7 Day Return
SE Capital Markets
1 Year Return
SE Capital Markets
Return vs Industry: AZA exceeded the Swedish Capital Markets industry which returned -5.1% over the past year.
Return vs Market: AZA exceeded the Swedish Market which returned -11.6% over the past year.
Price Volatility Vs. Market
How volatile is Avanza Bank Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StWhat Is Avanza Bank Holding's (STO:AZA) P/E Ratio After Its Share Price Tanked?
3 weeks ago | Simply Wall StThere's A Lot To Like About Avanza Bank Holding AB (publ)'s (STO:AZA) Upcoming kr2.30 Dividend
1 month ago | Simply Wall StDon't Sell Avanza Bank Holding AB (publ) (STO:AZA) Before You Read This
Is Avanza Bank Holding undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AZA (SEK81.85) is trading below our estimate of fair value (SEK91.48)
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 (27.9x) compared to the Capital Markets industry average (17.3x).
PE vs Market: AZA is poor value based on its PE Ratio (27.9x) compared to the Swedish market (14.8x).
Price to Earnings Growth Ratio
PEG Ratio: AZA is poor value based on its PEG Ratio (2.3x)
Price to Book Ratio
PB vs Industry: AZA is overvalued based on its PB Ratio (6.5x) compared to the SE Capital Markets industry average (1.8x).
How is Avanza Bank Holding forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AZA's forecast earnings growth (12% per year) is above the savings rate (-0.4%).
Earnings vs Market: AZA's earnings (12% per year) are forecast to grow faster than the Swedish market (8% per year).
High Growth Earnings: AZA's earnings are forecast to grow, but not significantly.
Revenue vs Market: AZA's revenue (5.1% per year) is forecast to grow faster than the Swedish market (4.1% per year).
High Growth Revenue: AZA's revenue (5.1% per year) is forecast to grow slower than 20% 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 (25.3%)
How has Avanza Bank Holding performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AZA has high quality earnings.
Growing Profit Margin: AZA's current net profit margins (32.1%) are higher than last year (28.4%).
Past Earnings Growth Analysis
Earnings Trend: AZA's earnings have grown by 2.8% per year over the past 5 years.
Accelerating Growth: AZA's earnings growth over the past year (28.1%) exceeds its 5-year average (2.8% per year).
Earnings vs Industry: AZA earnings growth over the past year (28.1%) exceeded the Capital Markets industry 5.4%.
Return on Equity
High ROE: AZA's Return on Equity (23%) is considered high.
How is Avanza Bank Holding's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: AZA has a low level of unsold assets or inventory.
Debt Coverage by Assets: AZA's debt is covered by short term assets (assets are 191.9x debt).
Financial Institutions Analysis
Asset Level: AZA's level of assets compared to its equity is very high.
Allowance for Bad Loans: Insufficient data to determine if AZA has a sufficient allowance for bad loans.
Low Risk Liabilities: AZA reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if AZA has an acceptable proportion of non-loan assets held.
Low Risk Deposits: AZA has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if AZA has an appropriate level of bad loans.
What is Avanza Bank Holding's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AZA's dividend (2.81%) is higher than the bottom 25% of dividend payers in the Swedish market (2.05%).
High Dividend: AZA's dividend (2.81%) is low compared to the top 25% of dividend payers in the Swedish market (6.28%).
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: At its current payout ratio (78.3%), AZA's 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 (74.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rikard Josefson (54yo)
Mr. Rikard Josefson has been the Chief Executive Officer of Avanza Bank Holding AB (publ) since 2017. Mr. Josefson has been the President of Länsförsäkringar Bank AB (publ) since June 2011. He served as Gl ...
|Chief Executive Officer||3.25yrs||no data||0.013% SEK1.9m|
|Deputy CEO & CFO||12.25yrs||no data||0.18% SEK25.4m|
|Chief Operating Officer||2.08yrs||no data||0.0057% SEK813.8k|
|Chief Information Officer||5.58yrs||no data||no data|
|Head of Investor Relations||no data||no data||no data|
|Compliance Officer||no data||no data||no data|
|Chief Legal Officer||2.25yrs||no data||no data|
|Marketing Director||2.25yrs||no data||0.0035% SEK499.1k|
|Head of Human Resources & Chief Human Resources Officer||1.25yrs||no data||no data|
|Head of Private Banking & Pro||no data||no data||no data|
Experienced Management: AZA's management team is considered experienced (2.3 years average tenure).
|Independent Director||6.25yrs||kr568.00k||0.036% SEK5.1m|
|Independent Chairman of the Board||21.25yrs||kr447.00k||0.029% SEK4.1m|
|Independent Director||12.25yrs||kr396.00k||0.0091% SEK1.3m|
|Independent Director||6.25yrs||kr488.00k||0.026% SEK3.7m|
|Independent Director||2.08yrs||kr437.00k||0.0032% SEK464.8k|
|Independent Director||5.08yrs||kr355.00k||0.0097% SEK1.4m|
|Director||0.083yr||no data||no data|
|Director||0.083yr||no data||4.19% SEK599.1m|
|Director||0.083yr||no data||no data|
Experienced Board: AZA's board of directors are considered experienced (5.1 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Avanza Bank Holding AB (publ)'s company bio, employee growth, exchange listings and data sources
- Name: Avanza Bank Holding AB (publ)
- Ticker: AZA
- Exchange: OM
- Founded: 1999
- Industry: Investment Banking and Brokerage
- Sector: Diversified Financials
- Market Cap: kr14.302b
- Shares outstanding: 153.79m
- Website: https://www.avanza.se
Number of Employees
- Avanza Bank Holding AB (publ)
- Regeringsgatan 103
- Stockholm County
- 111 39
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AZA||OM (OMX Nordic Exchange Stockholm)||Yes||Ordinary Shares||SE||SEK||Oct 1993|
|0NUK||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||SEK||Oct 1993|
|AZAS||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||SEK||Oct 1993|
|1JJA||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Oct 1993|
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. In addition, the company offers decision support services; and publishes topical news and independent advice on the financial Website, Placera, as well as on the weekly financial magazine, Börsveckan. It primarily serves individual investors; and professional traders and corporate customers, such as entrepreneurs and asset managers. Avanza Bank Holding AB (publ) was founded in 1999 and is headquartered in Stockholm, Sweden.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/03 22:18|
|End of Day Share Price||2020/04/03 00:00|
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.