Avanza Bank Holding AB (publ)

OM:AZA Stock Report

Market Cap: SEK 40.9b

Avanza Bank Holding Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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 AZA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AZA (SEK260.1) is trading above our estimate of fair value (SEK235.69)

Significantly Below Fair Value: AZA is trading above our estimate of fair value.

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

AZA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio4.5x

Price to Earnings Ratio vs Peers

How does AZA's PE Ratio compare to its peers?

The above table shows the PE ratio for AZA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13x
SAVE Nordnet
22.3x5.1%SEK 56.3b
BURE Bure Equity
4.9xn/aSEK 26.3b
RATO B Ratos
9.4x4.1%SEK 12.2b
LUND B L E Lundbergföretagen
15.3xn/aSEK 131.4b
AZA Avanza Bank Holding
20.1x4.5%SEK 40.9b

Price-To-Earnings vs Peers: AZA is expensive based on its Price-To-Earnings Ratio (20.1x) compared to the peer average (13x).

Price to Earnings Ratio vs Industry

How does AZA's PE Ratio compare vs other companies in the European Capital Markets Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a32.0%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a32.0%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: AZA is expensive based on its Price-To-Earnings Ratio (20.1x) compared to the European Capital Markets industry average (15x).

Price to Earnings Ratio vs Fair Ratio

What is AZA'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.

AZA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.1x
Fair PE Ratio15.8x

Price-To-Earnings vs Fair Ratio: AZA is expensive based on its Price-To-Earnings Ratio (20.1x) compared to the estimated Fair Price-To-Earnings Ratio (15.8x).

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 AZA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 260.10
SEK 234.50
-9.8%
16.6%SEK 320.00SEK 185.00n/a10
Jun ’25SEK 274.00
SEK 227.90
-16.8%
17.9%SEK 320.00SEK 181.00n/a10
May ’25SEK 238.60
SEK 218.20
-8.5%
14.8%SEK 257.00SEK 165.00n/a10
Apr ’25SEK 230.90
SEK 198.56
-14.0%
11.3%SEK 227.00SEK 164.00n/a9
Mar ’25SEK 230.70
SEK 198.56
-13.9%
11.3%SEK 227.00SEK 164.00n/a9
Feb ’25SEK 208.40
SEK 197.44
-5.3%
11.1%SEK 227.00SEK 164.00n/a9
Jan ’25SEK 233.50
SEK 192.78
-17.4%
9.3%SEK 210.00SEK 160.00n/a9
Dec ’24SEK 205.90
SEK 191.33
-7.1%
10.2%SEK 210.00SEK 158.00n/a9
Nov ’24SEK 187.00
SEK 193.78
+3.6%
11.6%SEK 230.00SEK 158.00n/a9
Oct ’24SEK 189.40
SEK 201.25
+6.3%
11.3%SEK 230.00SEK 162.00n/a8
Sep ’24SEK 209.50
SEK 202.25
-3.5%
11.6%SEK 230.00SEK 162.00n/a8
Aug ’24SEK 234.80
SEK 200.75
-14.5%
11.6%SEK 230.00SEK 162.00n/a8
Jul ’24SEK 219.50
SEK 215.67
-1.7%
18.0%SEK 300.00SEK 168.00SEK 260.109
Jun ’24SEK 228.60
SEK 215.44
-5.8%
18.1%SEK 300.00SEK 166.00SEK 274.009
May ’24SEK 217.70
SEK 215.56
-1.0%
17.8%SEK 300.00SEK 166.00SEK 238.609
Apr ’24SEK 243.00
SEK 218.78
-10.0%
18.1%SEK 305.00SEK 163.00SEK 230.909
Mar ’24SEK 277.60
SEK 219.56
-20.9%
17.6%SEK 305.00SEK 170.00SEK 230.709
Feb ’24SEK 251.80
SEK 203.63
-19.1%
11.8%SEK 240.00SEK 170.00SEK 208.408
Jan ’24SEK 223.60
SEK 191.00
-14.6%
16.0%SEK 260.00SEK 154.00SEK 233.508
Dec ’23SEK 216.00
SEK 191.00
-11.6%
16.0%SEK 260.00SEK 154.00SEK 205.908
Nov ’23SEK 223.40
SEK 187.75
-16.0%
16.3%SEK 260.00SEK 154.00SEK 187.008
Oct ’23SEK 170.95
SEK 187.75
+9.8%
19.5%SEK 260.00SEK 140.00SEK 189.408
Sep ’23SEK 170.30
SEK 188.13
+10.5%
19.4%SEK 260.00SEK 140.00SEK 209.508
Aug ’23SEK 190.50
SEK 186.63
-2.0%
19.6%SEK 260.00SEK 140.00SEK 234.808
Jul ’23SEK 169.45
SEK 267.29
+57.7%
12.4%SEK 310.00SEK 195.00SEK 219.507

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

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