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AZA

Avanza Bank HoldingOM:AZA Stock Report

Last Price

kr292.00

Market Cap

kr45.4b

7D

-2.8%

1Y

20.3%

Updated

23 Jan, 2022

Data

Company Financials +
AZA fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance5/6
Financial Health4/6
Dividends4/6

AZA Stock Overview

Avanza Bank Holding AB (publ), together with its subsidiaries, provides online stock trading services in Sweden.

Avanza Bank Holding Competitors

Nordnet

OM:SAVE

kr36.7b

Nordea Bank Abp

OM:NDA SE

kr416.1b

Skandinaviska Enskilda Banken

OM:SEB A

kr262.2b

Swedbank

OM:SWED A

kr205.6b

Price History & Performance

Summary of all time highs, changes and price drops for Avanza Bank Holding
Historical stock prices
Current Share Pricekr292.00
52 Week Highkr376.50
52 Week Lowkr217.20
Beta0.78
1 Month Change-12.00%
3 Month Change-14.92%
1 Year Change20.26%
3 Year Change252.83%
5 Year Change264.64%
Change since IPO2,254.85%

Recent News & Updates

Nov 29
Do Avanza Bank Holding's (STO:AZA) Earnings Warrant Your Attention?

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

AZASE Capital MarketsSE Market
7D-2.8%-6.6%-2.8%
1Y20.3%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

Is AZA's price volatile compared to industry and market?
AZA volatility
AZA Average Weekly Movement4.9%
Capital Markets Industry Average Movement6.3%
Market Average Movement6.7%
10% most volatile stocks in SE Market11.7%
10% least volatile stocks in SE Market3.9%

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

FoundedEmployeesCEOWebsite
1999603Rikard Josefsonhttps://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

How do Avanza Bank Holding's earnings and revenue compare to its market cap?
AZA fundamental statistics
Market Capkr45.43b
Earnings (TTM)kr2.05b
Revenue (TTM)kr3.74b

22.2x

P/E Ratio

12.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AZA income statement (TTM)
Revenuekr3.74b
Cost of Revenuekr439.00m
Gross Profitkr3.30b
Expenseskr1.26b
Earningskr2.05b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Feb 25, 2022

Earnings per share (EPS)13.16
Gross Margin88.27%
Net Profit Margin54.72%
Debt/Equity Ratio0%

How did AZA perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

70%

Payout Ratio

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/23 18:45
End of Day Share Price2022/01/21 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.