Avanza Bank Holding AB (AZA) AI Stock Analysis

• Market Cap: kr57.41B
• Dividend Yield: 3.17%
• Average Volume (3M): 234.02K
• Price to Earnings (P/E): 21.9
• Beta (1Y): 1.02
• Revenue Growth: 7.33%
• EPS Growth: 23.01%
• Country: SE
• Employees: 679
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 4.35
• Shares Outstanding: 157,277,910
• 10 Day Avg. Volume: 248,982
• 30 Day Avg. Volume: 234,016
• PEG Ratio: 1.42
• Price to Book (P/B): 6.79
• Price to Sales (P/S): 11.00
• P/FCF Ratio: 10.86
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: kr372.00
• Price Target Upside: 0.30% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 5
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: kr383.00 ▲(3.26% Upside)

Avanza Bank Holding AB's strong financial performance is the most significant factor, contributing positively to the overall score. However, bearish technical indicators weigh down the score, indicating potential short-term challenges. The valuation is balanced, offering a reasonable P/E ratio and attractive dividend yield.

Avanza Bank Holding AB Business Overview & Revenue Model

Company Description

Avanza Bank Holding AB (publ) 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 investors and corporate customers, such as entrepreneurs and asset managers. The company was founded in 1999 and is headquartered in Stockholm, Sweden.

How the Company Makes Money

Avanza Bank generates revenue through several key streams, primarily from brokerage fees charged on trades executed by its customers. The company also earns money from interest income on customer deposits and margin loans, where clients borrow funds to invest. Additionally, Avanza receives management fees from mutual funds and other investment products offered through its platform. The firm's focus on a low-cost model attracts a high volume of transactions, enhancing its earnings potential. Partnerships with various financial institutions and investment firms further expand its product offerings, contributing to its overall revenue growth.

Avanza Bank Holding AB Financial Statement Overview

Summary

Avanza Bank Holding AB demonstrates exceptional financial health with strong revenue and profit growth, zero debt, and robust cash flow generation. The company is well-positioned within the banking industry due to its high financial stability and profitability.

Income Statement

Avanza Bank Holding AB shows strong financial performance with a consistent increase in total revenue from 2020 to TTM (Trailing-Twelve-Months) 2025. The gross profit margin is robust, and net profit margins are healthy. The company also exhibits a positive trend in EBIT and EBITDA margins, demonstrating efficient cost management and profitability.

Balance Sheet

The balance sheet reflects a solid financial standing with zero total debt in the recent periods, indicating no leverage risk. The equity ratio is stable and improving, showcasing a strong equity position. The return on equity is high, reflecting effective utilization of shareholder funds to generate profits.

Cash Flow

Avanza Bank's cash flow statement indicates strong cash generation capabilities with significant growth in free cash flow. The operating cash flow to net income ratio is favorable, ensuring liquidity and operational efficiency. The company maintains a solid free cash flow to net income ratio, emphasizing its ability to convert earnings into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.20B	5.08B	4.40B	3.12B	3.41B	2.43B
Gross Profit	4.44B	3.90B	3.44B	2.97B	3.30B	2.35B
EBITDA	2.33B	2.71B	2.38B	2.02B	2.51B	1.66B
Net Income	2.62B	2.25B	1.98B	1.67B	2.05B	1.33B
Balance Sheet
Total Assets	404.82B	343.61B	282.45B	241.09B	279.08B	204.78B
Cash, Cash Equivalents and Short-Term Investments	12.24B	8.19B	8.63B	4.92B	2.94B	1.43B
Total Debt	1.16B	281.00M	92.00M	83.00M	122.00M	171.00M
Total Liabilities	398.31B	337.29B	276.62B	236.14B	274.38B	201.60B
Stockholders Equity	6.51B	6.32B	5.83B	4.95B	4.70B	3.17B
Cash Flow
Free Cash Flow	24.67B	3.95B	8.62B	7.61B	4.47B	6.88B
Operating Cash Flow	24.72B	3.99B	8.64B	7.65B	4.53B	6.94B
Investing Cash Flow	-19.35B	-1.20B	-3.28B	-4.37B	-2.62B	-5.95B
Financing Cash Flow	-1.08B	-1.83B	-1.09B	-1.36B	-554.00M	-398.00M

Avanza Bank Holding AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 370.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:AZA, the sentiment is Positive. The current price of 370.9 is above the 20-day moving average (MA) of 359.55, above the 50-day MA of 361.46, and above the 200-day MA of 338.13, indicating a bullish trend. The MACD of 0.36 indicates Negative momentum. The RSI at 58.57 is Neutral, neither overbought nor oversold. The STOCH value of 94.79 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:AZA.

Avanza Bank Holding AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SAVE	72 Outperform	€69.60B	24.57	41.80%	2.99%	2.54%	4.51%
TFBANK	72 Outperform	€11.64B	6.69	26.88%	―	15.59%	24.31%
NORION	71 Outperform	kr14.05B	9.80	―	―	0.78%	13.82%
HOFI	70 Neutral	kr8.59B	9.53	15.75%	1.99%	19.81%	5.77%
AZA	68 Neutral	kr57.41B	21.92	42.92%	3.17%	7.33%	23.01%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Avanza Bank Holding AB Corporate Events

Avanza Bank Reports Strong Customer Growth and Financial Performance in October

Avanza Bank Holding AB reported an increase of 151,800 customers in 2025, reaching a total of 2,223,500 by the end of October. The net inflow for October was SEK 5,070 million, contributing to a total of SEK 52,800 million for the year. The company also saw a rise in savings capital and brokerage-generating activities, indicating strong growth and engagement within its customer base. These statistics highlight Avanza’s continued expansion and robust positioning in the Swedish financial market, with significant implications for its stakeholders as it maintains its leadership in customer satisfaction and transaction volume.

The most recent analyst rating on (SE:AZA) stock is a Sell with a SEK330.00 price target. To see the full list of analyst forecasts on Avanza Bank Holding AB stock, see the SE:AZA Stock Forecast page.

Avanza Bank Announces Nomination Committee for 2026 AGM

Avanza Bank Holding AB has announced the formation of its Nomination Committee for the upcoming Annual General Meeting in April 2026. The committee includes representatives from the four largest shareholders: Biovestor AB, Creades AB, AMF – Tjänstepensioner och Fonder, and the Dybeck family, with Erik Törnberg appointed as Chairman. This announcement is significant as it outlines the governance structure and shareholder involvement in decision-making, which could impact the company’s strategic direction and stakeholder relations.

The most recent analyst rating on (SE:AZA) stock is a Hold with a SEK385.00 price target. To see the full list of analyst forecasts on Avanza Bank Holding AB stock, see the SE:AZA Stock Forecast page.

Avanza Bank Reports Strong Q3 2025 Results Amid Strategic Expansions

Avanza Bank Holding AB reported a strong financial performance for the third quarter of 2025, with a 19% increase in operating income and a 24% rise in operating profit compared to the same period in 2024. The company finalized the acquisition of Sigmastocks and expanded its pension offerings and digital trading markets, which are expected to enhance its market position and growth prospects.

The most recent analyst rating on (SE:AZA) stock is a Hold with a SEK310.00 price target. To see the full list of analyst forecasts on Avanza Bank Holding AB stock, see the SE:AZA Stock Forecast page.

Avanza to Release January–September 2025 Interim Report

Avanza Bank Holding AB is set to release its interim report for January–September 2025 on October 17, followed by a presentation by CEO Gustaf Unger and CTO Fredrik Broman. This event will provide insights into Avanza’s financial performance and technological advancements, potentially impacting its market position and stakeholder interests.

The most recent analyst rating on (SE:AZA) stock is a Hold with a SEK279.00 price target. To see the full list of analyst forecasts on Avanza Bank Holding AB stock, see the SE:AZA Stock Forecast page.

Avanza Bank Reports Growth in Customer Base and Market Share

Avanza Bank Holding AB reported an increase in its customer base by 132,300 in 2025, reaching a total of 2,204,000 customers by the end of September. The company also saw a net inflow of SEK 4,820 million in September, contributing to a total of SEK 47,700 million for the year. Avanza’s market share in non-collective agreement occupational pension insurance rose to 11.0% from 10.4% the previous year, and its share in the Swedish life insurance market increased to 10.9% from 9.3%. These statistics indicate a strengthening position in the market, reflecting positively on its operational growth and stakeholder confidence.

The most recent analyst rating on (SE:AZA) stock is a Hold with a SEK279.00 price target. To see the full list of analyst forecasts on Avanza Bank Holding AB stock, see the SE:AZA Stock Forecast page.

Avanza’s Risk-Based Requirement Reduced Following FSA Review

The Swedish Financial Supervisory Authority (FSA) has completed its 2025 review of Avanza, resulting in a reduction of the risk-based Pillar 2 requirement from 5.71% to 5.02%, lowering Avanza’s total risk-based requirement to 17.52%. This decision reflects Avanza’s strong financial position, as it maintains prudent margins above the leverage and capital requirements, reinforcing its stability and competitive standing in the financial market.

The most recent analyst rating on (SE:AZA) stock is a Hold with a SEK279.00 price target. To see the full list of analyst forecasts on Avanza Bank Holding AB stock, see the SE:AZA Stock Forecast page.

Avanza Bank Expands Share Capital Through Employee Incentive Program

Avanza Bank Holding AB has increased its number of shares and votes following the issuance of new shares to fulfill employee subscriptions under its incentive program. The total number of shares now stands at 157,744,574, reflecting the company’s ongoing commitment to employee engagement and potentially enhancing its market position.

The most recent analyst rating on (SE:AZA) stock is a Hold with a SEK279.00 price target. To see the full list of analyst forecasts on Avanza Bank Holding AB stock, see the SE:AZA Stock Forecast page.

Avanza Partners with Lifeplan to Enhance Pension Services

Avanza Bank Holding AB has announced a collaboration with Lifeplan, a leading digital pension advisor in Europe, to enhance its pension services. This partnership aims to provide Avanza’s corporate clients with independent, personalized pension advice, leveraging Lifeplan’s advanced digital tools and expertise. This initiative is expected to strengthen Avanza’s pension offerings, helping clients optimize their pension savings and make informed financial decisions.

The most recent analyst rating on (SE:AZA) stock is a Hold with a SEK279.00 price target. To see the full list of analyst forecasts on Avanza Bank Holding AB stock, see the SE:AZA Stock Forecast page.

Avanza Bank’s Customer Growth and Market Share Increase in 2025

Avanza Bank Holding AB reported an increase in its customer base by 117,200 in 2025, reaching a total of 2,188,900 customers by the end of August. The company also saw a net inflow of SEK 4,270 million in August, contributing to a total of SEK 42,900 million for the year. Avanza’s share of the Swedish savings market rose to 7.9% in the second quarter of 2025, up from 7.4% at the end of the second quarter of 2024, indicating a strengthening position in the market.

The most recent analyst rating on (SE:AZA) stock is a Hold with a SEK279.00 price target. To see the full list of analyst forecasts on Avanza Bank Holding AB stock, see the SE:AZA Stock Forecast page.