Avanza Bank Holding
Avanza Bank Holding AB (publ), together with its subsidiaries, provides online stock trading services in Sweden. The last earnings update was 32 days ago. More info.
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AZA Share Price and Events
7 Day Returns
1 Year Returns
AZA Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Avanza Bank Holding (AZA) | -0.9% | -2.4% | -10.5% | -16.9% | 16.4% | 48.9% |
| SE Capital Markets | -0.9% | -2.9% | -6.4% | -12.5% | 19.1% | 65.2% |
| SE Market | 0.8% | -1.8% | 2.4% | -0.6% | 14.3% | 18.2% |
1 Year Return vs Industry and Market
- AZA underperformed the Capital Markets industry which returned -12.5% over the past year.
- AZA underperformed the Market in Sweden which returned -0.6% over the past year.
AZA Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Avanza Bank Holding
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Avanza Bank Holding.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity = SEK12.74 * 29.7% |
SEK3.78 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 3 analysts. | SEK12.74 |
| Discount Rate (Cost of Equity) | See below | 5.2% |
| Perpetual Growth Rate | 10-Year SE Government Bond Rate | 0.4% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year SE Govt Bond Rate | 0.4% |
| Equity Risk Premium | S&P Global | 6% |
| Capital Markets Unlevered Beta | Simply Wall St/ S&P Global | 0.7 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.702 (1 + (1- 22%) (1.86%)) |
0.807 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.81 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.43% + (0.807 * 5.96%) |
5.24% |
Discounted Cash Flow Calculation for OM:AZA using Excess Returns Model Model
The calculations below outline how an intrinsic value for Avanza Bank Holding is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (29.7% – 5.24%) * SEK12.74) |
SEK3.11 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= SEK3.11 / (5.24% - 0.43%) |
SEK64.69 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= SEK12.74 + SEK64.69 |
SEK77.42 |
| Calculation | Result | |
|---|---|---|
| Value per share (SEK) | From above. | SEK77.42 |
| Current discount | Discount to share price of
SEK73.70
= -1 x (SEK73.70 - SEK77.42) / SEK77.42 |
4.8% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Avanza Bank Holding's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- Avanza Bank Holding's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Avanza Bank Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Avanza Bank Holding's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in SEK | SEK2.20 |
| OM:AZA Share Price ** | OM (2019-05-17) in SEK | SEK73.7 |
| Europe Capital Markets Industry PE Ratio | Median Figure of 128 Publicly-Listed Capital Markets Companies | 17.63x |
| Sweden Market PE Ratio | Median Figure of 323 Publicly-Listed Companies | 16.73x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Avanza Bank Holding.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = OM:AZA Share Price ÷ EPS (both in SEK) = 73.7 ÷ 2.20 |
33.47x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Avanza Bank Holding is overvalued based on earnings compared to the Europe Capital Markets industry average.
- Avanza Bank Holding is overvalued based on earnings compared to the Sweden market.
Price based on expected Growth
Does
Avanza Bank Holding's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 33.47x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts |
19.1%per year |
| Europe Capital Markets Industry PEG Ratio | Median Figure of 59 Publicly-Listed Capital Markets Companies | 1.49x |
| Sweden Market PEG Ratio | Median Figure of 235 Publicly-Listed Companies | 1.36x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 33.47x ÷ 19.1% |
1.75x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Avanza Bank Holding is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Avanza Bank Holding's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in SEK | SEK9.35 |
| OM:AZA Share Price * | OM (2019-05-17) in SEK | SEK73.7 |
| Sweden Capital Markets Industry PB Ratio | Median Figure of 5 Publicly-Listed Capital Markets Companies | 1.47x |
| Sweden Market PB Ratio | Median Figure of 567 Publicly-Listed Companies | 2.46x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = OM:AZA Share Price ÷ Book Value per Share (both in SEK) = 73.7 ÷ 9.35 |
7.88x |
* Primary Listing of Avanza Bank Holding.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Avanza Bank Holding is overvalued based on assets compared to the SE Capital Markets industry average.
Value checks
We assess Avanza Bank Holding's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check) Avanza Bank Holding has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
AZA Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Avanza Bank Holding's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
- Avanza Bank Holding's earnings growth is expected to exceed the Sweden market average.
- Avanza Bank Holding's revenue growth is expected to exceed the Sweden market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| OM:AZA Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts | 19.1% |
| OM:AZA Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts | 9.5% |
| Europe Capital Markets Industry Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| Europe Capital Markets Industry Revenue Growth Rate | Market Cap Weighted Average | 5.7% |
| Sweden Market Earnings Growth Rate | Market Cap Weighted Average | 8.5% |
| Sweden Market Revenue Growth Rate | Market Cap Weighted Average | 4.6% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Date (Data in SEK Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 1,474 | 598 | 3 | |
| 2020-12-31 | 1,335 | 530 | 3 | |
| 2019-12-31 | 1,164 | 433 | 3 |
| Date (Data in SEK Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 1,230 | 4,914 | 332 |
| 2018-12-31 | 1,231 | 4,895 | 349 |
| 2018-09-30 | 1,234 | 2,715 | 388 |
| 2018-06-30 | 1,188 | 1,975 | 370 |
| 2018-03-31 | 1,170 | 3,119 | 380 |
| 2017-12-31 | 1,133 | 1,730 | 379 |
| 2017-09-30 | 1,095 | 1,633 | 381 |
| 2017-06-30 | 1,083 | -1,944 | 399 |
| 2017-03-31 | 1,070 | -730 | 404 |
| 2016-12-31 | 1,050 | 1,250 | 399 |
| 2016-09-30 | 1,057 | -1,708 | 416 |
| 2016-06-30 | 1,038 | 245 | 404 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
All data from Avanza Bank Holding Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in SEK Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 3.95 | 4.34 | 3.63 | 3.00 |
| 2020-12-31 | 3.50 | 3.83 | 3.17 | 3.00 |
| 2019-12-31 | 2.86 | 2.98 | 2.67 | 3.00 |
| Date (Data in SEK Millions) | EPS * |
|---|---|
| 2019-03-31 | 2.20 |
| 2018-12-31 | 2.32 |
| 2018-09-30 | 2.59 |
| 2018-06-30 | 2.47 |
| 2018-03-31 | 2.54 |
| 2017-12-31 | 2.54 |
| 2017-09-30 | 2.55 |
| 2017-06-30 | 2.67 |
| 2017-03-31 | 2.71 |
| 2016-12-31 | 2.69 |
| 2016-09-30 | 2.82 |
| 2016-06-30 | 2.75 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Avanza Bank Holding's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Avanza Bank Holding has a total score of 4/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
AZA Past Performance
How has Avanza Bank Holding performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Avanza Bank Holding's year on year earnings growth rate has been positive over the past 5 years.
- Avanza Bank Holding's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Avanza Bank Holding's 1-year earnings growth is negative, it can't be compared to the Europe Capital Markets industry average.
Earnings and Revenue History
All data from Avanza Bank Holding Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in SEK Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 1,230.00 | 332.00 | 558.00 | |
| 2018-12-31 | 1,231.00 | 349.00 | 558.00 | |
| 2018-09-30 | 1,234.00 | 388.00 | 564.00 | |
| 2018-06-30 | 1,188.00 | 370.00 | 553.00 | |
| 2018-03-31 | 1,170.00 | 380.00 | 533.00 | |
| 2017-12-31 | 1,133.00 | 379.00 | 508.00 | |
| 2017-09-30 | 1,095.00 | 381.00 | 491.00 | |
| 2017-06-30 | 1,083.00 | 399.00 | 467.00 | |
| 2017-03-31 | 1,070.00 | 404.00 | 444.00 | |
| 2016-12-31 | 1,050.00 | 399.00 | 429.00 | |
| 2016-09-30 | 1,057.00 | 416.00 | 413.00 | |
| 2016-06-30 | 1,038.00 | 404.00 | 409.00 | |
| 2016-03-31 | 1,035.00 | 414.00 | 405.00 | |
| 2015-12-31 | 1,023.00 | 415.00 | 399.00 | |
| 2015-09-30 | 954.00 | 366.00 | 390.00 | |
| 2015-06-30 | 907.00 | 332.00 | 382.00 | |
| 2015-03-31 | 836.00 | 284.00 | 370.00 | |
| 2014-12-31 | 781.00 | 250.00 | 361.00 | |
| 2014-09-30 | 744.00 | 235.00 | 344.00 | |
| 2014-06-30 | 725.00 | 237.00 | 337.00 | |
| 2014-03-31 | 697.00 | 213.00 | 342.00 | |
| 2013-12-31 | 670.00 | 193.00 | 340.00 | |
| 2013-09-30 | 637.00 | 169.00 | 337.00 | |
| 2013-03-31 | 614.00 | 145.00 | 333.00 | |
| 2012-12-31 | 627.00 | 160.00 | 327.00 | |
| 2012-09-30 | 647.00 | 185.00 | 329.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Avanza Bank Holding has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
- Avanza Bank Holding used its assets less efficiently than the Europe Capital Markets industry average last year based on Return on Assets.
- Unable to establish if Avanza Bank Holding improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess Avanza Bank Holding's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Avanza Bank Holding has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
AZA Health
How is Avanza Bank Holding's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Avanza Bank Holding's finances.
The net worth of a company is the difference between its assets and liabilities.
- Avanza Bank Holding's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Avanza Bank Holding's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 68.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Avanza Bank Holding Company Filings, last reported 1 month ago.
| Date (Data in SEK Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 1,416.00 | 208.00 | 2,353.00 |
| 2018-12-31 | 1,614.00 | 100.00 | 3,797.00 |
| 2018-09-30 | 1,528.00 | 100.00 | 1,997.00 |
| 2018-06-30 | 1,314.00 | 100.00 | 1,829.00 |
| 2018-03-31 | 1,239.00 | 99.00 | 2,102.00 |
| 2017-12-31 | 1,427.00 | 99.00 | 1,681.00 |
| 2017-09-30 | 1,329.00 | 99.00 | 1,537.00 |
| 2017-06-30 | 1,186.00 | 99.00 | 1,711.00 |
| 2017-03-31 | 1,098.00 | 99.00 | 1,940.00 |
| 2016-12-31 | 1,308.00 | 99.00 | 1,453.00 |
| 2016-09-30 | 1,207.00 | 99.00 | 1,805.00 |
| 2016-06-30 | 1,093.00 | 99.00 | 3,972.00 |
| 2016-03-31 | 1,224.00 | 99.00 | 2,706.00 |
| 2015-12-31 | 1,126.00 | 99.00 | 1,599.00 |
| 2015-09-30 | 1,007.00 | 0.00 | 4,840.00 |
| 2015-06-30 | 909.00 | 0.00 | 6,820.00 |
| 2015-03-31 | 712.00 | 0.00 | 4,046.00 |
| 2014-12-31 | 815.00 | 0.00 | 3,783.00 |
| 2014-09-30 | 747.00 | 0.00 | 7,732.00 |
| 2014-06-30 | 683.00 | 0.00 | 8,344.00 |
| 2014-03-31 | 859.00 | 0.00 | 8,424.00 |
| 2013-12-31 | 794.00 | 0.00 | 8,461.00 |
| 2013-09-30 | 740.00 | 0.00 | 8,262.00 |
| 2013-03-31 | 828.00 | 0.00 | 7,426.00 |
| 2012-12-31 | 828.00 | 0.00 | 7,426.00 |
| 2012-09-30 |
- Avanza Bank Holding's level of debt (14.7%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (0% vs 14.7% today).
- Debt is well covered by operating cash flow (2362.5%, greater than 20% of total debt).
- Unable to confirm if the interest payments on Avanza Bank Holding's debt are well covered by earnings due to lack of past financial data.
Financial health checks
We assess Avanza Bank Holding's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Avanza Bank Holding has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
AZA Dividends
What is Avanza Bank Holding's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
SEK2,000 of
Avanza Bank Holding
shares you are expected to receive
SEK57
in your first year as a dividend.
Dividend Amount
- Avanza Bank Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Sweden (1.79%).
- Avanza Bank Holding's dividend is below the markets top 25% of dividend payers in Sweden (4.39%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Europe Capital Markets Industry Average Dividend Yield | Market Cap Weighted Average of 103 Stocks | 3.6% |
| Sweden Market Average Dividend Yield | Market Cap Weighted Average of 243 Stocks | 3.2% |
| Sweden Minimum Threshold Dividend Yield | 10th Percentile | 1.1% |
| Sweden Bottom 25% Dividend Yield | 25th Percentile | 1.8% |
| Sweden Top 25% Dividend Yield | 75th Percentile | 4.4% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in SEK) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 3.13 | 3.00 |
| 2020-12-31 | 2.83 | 3.00 |
| 2019-12-31 | 2.33 | 3.00 |
| Date (Data in SEK) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-19 | 2.100 | 2.695 |
| 2018-02-12 | 2.100 | 2.417 |
| 2017-03-21 | 2.100 | 2.994 |
| 2016-03-11 | 2.100 | 3.088 |
| 2016-01-21 | 2.100 | 3.235 |
| 2015-03-20 | 1.400 | 2.012 |
| 2014-03-14 | 1.600 | 3.133 |
| 2014-01-16 | 1.600 | 3.246 |
| 2013-01-17 | 1.600 | 4.759 |
| 2012-02-01 | 2.000 | 6.838 |
| 2012-01-19 | 2.000 | 5.733 |
| 2011-02-22 | 1.900 | 5.141 |
| 2011-01-20 | 1.900 | 3.946 |
| 2010-03-01 | 1.600 | 3.648 |
| 2010-01-20 | 1.600 | 4.438 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Avanza Bank Holding has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Dividend payments have increased, but Avanza Bank Holding only paid a dividend in the past 9 years.
Income/ dividend checks
We assess Avanza Bank Holding's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Avanza Bank Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Avanza Bank Holding has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
AZA Management
CEO
| AGE | 53 |
| TENURE AS CEO | 2.3 years |
CEO Bio
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 Global Head of Global Transaction Services at Skandinaviska Enskilda Banken AB (publ) since January 2011. He also served as President of SEB Finans and Regional Director of East SEB. He served as Head of Region East and Deputy Head of Retail Banking in Sweden and has a long background from both the SEB Merchant Banking and Retail Divisions. He serves as the Chairman of Wasa Kredit, Länsförsäkringar Hypotek and Essen International AB. He served as the Chairman of the Board at Länsförsäkringar Hypotek AB (publ) since June 2011 until July 8, 2017 and its Director until July 8, 2017. He serves as a Board member of Länsförsäkringar Fondförvaltning and Livslust Foundation. Mr. Josefson holds Bachelor of Arts.
CEO Compensation
- Insufficient data for Rikard to compare compensation growth.
- Insufficient data for Rikard to establish whether their remuneration is reasonable compared to companies of similar size in Sweden.
Management Team Tenure
Average tenure and age of the Avanza Bank Holding management team in years:
- The tenure for the Avanza Bank Holding management team is about average.
Management Team
Rikard Josefson
Chief Executive Officer
53
2.3 yrs
Birgitta Hagenfeldt
Deputy CEO & CFO
57
6.4 yrs
Gunnar Olsson
Chief Operating Officer
46
1.2 yrs
Peter Strömberg
Chief Information Officer
46
4.7 yrs
Sofia Svavar
Head of Investor Relations
Tanya Forsstedt
Compliance Officer
Teresa Schechter
Chief Legal Officer
48
1.3 yrs
Maria Johansson
Head of Customer Service
48
Peter Westling
Head of Innovation & Marketing
47
1.3 yrs
Gustav Berggren
Head of the Private Bank
38
10.3 yrs
Board of Directors Tenure
Average tenure and age of the Avanza Bank Holding board of directors in years:
- The tenure for the Avanza Bank Holding board of directors is about average.
Board of Directors
Sven Hagströmer
Chairman of the Board
SEK425K
75
20.3 yrs
Jacqueline Winberg
Independent Director
SEK377K
59
16.3 yrs
Birgitta Klasén
Independent Director
SEK506K
69
5.3 yrs
Mattias Miksche
Independent Director
SEK368K
50
11.3 yrs
Hans Toll
Independent Director
SEK446K
48
5.3 yrs
Jonas Hagströmer
Independent Director
SEK338K
36
4.2 yrs
Viktor Fritzén
Director
SEK323K
33
1.2 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Avanza Bank Holding insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (SEK) | Value (SEK) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 17. Apr 19 | Buy | Biovestor AB | Company | 16. Apr 19 | 16. Apr 19 | 30,000 | SEK75.50 | SEK2,265,000 | ||
| 16. Apr 19 | Buy | Gunnar Olsson | Individual | 16. Apr 19 | 16. Apr 19 | 1,500 | SEK76.92 | SEK115,368 | ||
| 16. Apr 19 | Buy | Rikard Josefson | Individual | 16. Apr 19 | 16. Apr 19 | 1,000 | SEK76.09 | SEK76,090 | ||
| 03. Sep 18 | Buy | Peter Strömberg | Individual | 30. Aug 18 | 30. Aug 18 | 22,450 | SEK7.35 | SEK164,994 | ||
| 03. Sep 18 | Buy | Maria Johansson | Individual | 30. Aug 18 | 30. Aug 18 | 34,000 | SEK7.35 | SEK249,900 | ||
| 03. Sep 18 | Sell | Peter Westling | Individual | 30. Aug 18 | 30. Aug 18 | -40,800 | SEK7.35 | SEK-299,856 | ||
| 03. Sep 18 | Sell | Birgitta Hagenfeldt | Individual | 30. Aug 18 | 30. Aug 18 | -40,800 | SEK7.35 | SEK-299,856 | ||
| 16. Jul 18 | Buy | Rikard Josefson | Individual | 16. Jul 18 | 16. Jul 18 | 2,500 | SEK76.80 | SEK192,000 | ||
| 13. Jul 18 | Buy | Birgitta Klasén | Individual | 13. Jul 18 | 13. Jul 18 | 5,000 | SEK77.04 | SEK385,200 | ||
| 13. Jul 18 | Buy | Biovestor AB | Company | 12. Jul 18 | 12. Jul 18 | 25,000 | SEK75.40 | SEK1,885,000 | ||
| 12. Jul 18 | Buy | Rikard Josefson | Individual | 12. Jul 18 | 12. Jul 18 | 2,500 | SEK76.98 | SEK192,455 | ||
| 12. Jul 18 | Buy | Birgitta Hagenfeldt | Individual | 12. Jul 18 | 12. Jul 18 | 10,000 | SEK75.80 | SEK757,947 | ||
Management checks
We assess Avanza Bank Holding's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Avanza Bank Holding has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
AZA News
Simply Wall St News
Is Avanza Bank Holding AB (publ)'s (STO:AZA) 2.8% Dividend Worth Your Time?
It's good to see that Avanza Bank Holding has been paying a dividend for a number of years. … Avanza Bank Holding's dividend payments have fluctuated, so it hasn't grown 3.1% every year, but the CAGR is a useful rule of thumb for approximating the historical growth. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Avanza Bank Holding has grown its earnings per share at 10% per annum over the past five years. While EPS are growing rapidly, Avanza Bank Holding paid out a very high 95% of its income as dividends. If earnings continue to grow, this dividend may be sustainable, but we think a payout this high definitely bears watching. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.
Simply Wall St - – Full articleShould Avanza Bank Holding (STO:AZA) Be Disappointed With Their 51% Profit?
It hasn't been the best quarter for Avanza Bank Holding AB (publ) (STO:AZA) shareholders, since the share price has fallen 13% in that time. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During five years of share price growth, Avanza Bank Holding achieved compound earnings per share (EPS) growth of 8.3% per year.
Simply Wall St - – Full articleCould The Avanza Bank Holding AB (publ) (STO:AZA) Ownership Structure Tell Us Something Useful?
A look at the shareholders of Avanza Bank Holding AB (publ) (STO:AZA) can tell us which group is most powerful. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Avanza Bank Holding has a market capitalization of kr12b, so we would expect some institutional investors to have noticed the stock.
Simply Wall St - – Full articleRead This Before Considering Avanza Bank Holding AB (publ) (STO:AZA) For Its Upcoming kr10.50 Dividend
Investors who want to cash in on Avanza Bank Holding AB (publ)'s (STO:AZA) upcoming dividend of kr10.50 per share have only 2 days left to buy the shares before its ex-dividend date, 20 March 2019, in time for dividends payable on the 26 March 2019. … Should you diversify into Avanza Bank Holding and boost your portfolio income stream? … Check out our latest analysis for Avanza Bank Holding?
Simply Wall St - – Full articleWhat Should You Know About The Future Of Avanza Bank Holding AB (publ)'s (STO:AZA)?
Avanza Bank Holding AB (publ)'s (STO:AZA) released its most recent earnings update in December 2018, whicha
Simply Wall St - – Full articleAvanza Bank Holding AB (publ) (STO:AZA): What Are The Future Prospects?
Help shape the future of investing tools and receive a $20 prize! … Looking at Avanza Bank Holding AB (publ)'s (STO:AZA) earnings update in December 2018, … the consensus outlook from analysts appear fairly confident,
Simply Wall St - – Full articleDoes Avanza Bank Holding AB (publ)'s (STO:AZA) Stock Price Account For Its Growth?
Avanza Bank Holding AB (publ) (STO:AZA) is considered a high-growth stock, but its last closing price of SEK409.2 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … See our latest analysis for Avanza Bank Holding? … Avanza Bank Holding's growth potential is very attractive
Simply Wall St - – Full articleWhy Avanza Bank Holding AB (publ)'s (STO:AZA) High P/E Ratio Isn't Necessarily A Bad Thing
We'll look at Avanza Bank Holding AB (publ)'s (STO:AZA) P/E ratio and reflect on what it tells us about the company's share price. … Based on the last twelve months, Avanza Bank Holding's P/E ratio is 32.71. … How Do You Calculate Avanza Bank Holding's P/E Ratio
Simply Wall St - – Full articleDoes The Data Make Avanza Bank Holding AB (publ) (STO:AZA) An Attractive Investment?
Avanza Bank Holding AB (publ) (STO:AZA) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … In the case of AZA, it
Simply Wall St - – Full articleIs Avanza Bank Holding AB (publ) (STO:AZA) A Smart Choice For Dividend Investors?
Historically, Avanza Bank Holding AB (publ) (STO:AZA) has paid a dividend to shareholders. … Let's dig deeper into whether Avanza Bank Holding should have a place in your portfolio. … View our latest analysis for Avanza Bank Holding
Simply Wall St - – Full articleAZA Company Info
Description
Avanza Bank Holding AB (publ), together with its subsidiaries, provides online stock trading services in Sweden. It trades in equities, funds, and other securities; and offers external mortgages, private banking mortgages, and margin loans. The company also provides share and fund, investment savings, endowment insurance, child savings, external deposit, pension insurance, and other savings accounts; mortgage loans and margin lending products; and occupational pensions and individual pension plans. In addition, it offers decision making support services; and publishes topical news and independent advice on the financial Website, Placera, as well as on the weekly financial magazine, Börsveckan. The company 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.
Details
| Name: | Avanza Bank Holding AB (publ) |
| AZA | |
| Exchange: | OM |
| Founded: | 1999 |
| SEK11,155,599,026 | |
| 151,364,980 | |
| Website: | http://www.avanza.se |
| Address: |
Avanza Bank Holding AB (publ) Regeringsgatan 103, Box 1399, Stockholm, Stockholm County, 111 93, Sweden |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| OM | AZA | Ordinary Shares | OMX Nordic Exchange Stockholm | SE | SEK | 07. Oct 1993 | |
| DB | 1JJA | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 07. Oct 1993 | |
| LSE | 0NUK | Ordinary Shares | London Stock Exchange | GB | SEK | 07. Oct 1993 | |
| BATS-CHIXE | AZAS | Ordinary Shares | BATS 'Chi-X Europe' | GB | SEK | 07. Oct 1993 |
Number of employees
Current staff
Industry
| Investment Banking and Brokerage | |
| Diversified Financials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/18 20:45 |
| End of day share price update: | 2019/05/17 00:00 |
| Last estimates confirmation: | 2019/05/06 |
| Last earnings filing: | 2019/04/16 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
