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Avanza Bank Holding AB (AZA) AI Stock Analysis
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Avanza Bank Holding AB
(Nasdaq OMX AB:AZA)
The score is driven primarily by strong financial performance (exceptional margins and ROE with still-manageable leverage), partially offset by weak near-term technicals (below key moving averages with negative MACD). Valuation is supportive, with a reasonable P/E and a solid ~3.5% dividend yield.
Avanza Bank Holding AB (AZA) vs. iShares MSCI Sweden ETF (EWD)
- Market Cap
- SEK 55.85B
- Dividend Yield
- 3.61%
- Average Volume (3M)
- 260.68K
- Price to Earnings (P/E)
- 19.1
- Beta (1Y)
- 0.84
- Revenue Growth
- 13.47%
- EPS Growth
- 10.94%
- Country
- Sweden
- Employees
- 812
- Sector
- General
- Sector Strength
- 55
- Industry
- Banks - Regional
Avanza Bank Holding AB Business Overview & Revenue Model
Company Description
Avanza Bank Holding AB (publ), a Swedish company, specializes in providing online securities trading services. Its extensive product range encompasses various savings accounts, including share and fund accounts, investment savings, external deposits,...
How the Company Makes Money
Avanza’s revenue model is centered on earning fees and net interest income from customers who use its platform to save and invest. Key revenue streams typically include: (1) Brokerage and trading-related income: commissions and/or fees generated when...
Avanza Bank Holding AB Financial Statement Overview
Summary
Strong profitability and returns underpin the score: TTM net margin is ~45.9% with operating margin above 53%, and ROE is very strong (~39.7%). Leverage still appears conservative (TTM debt-to-equity ~0.22), but debt has risen notably versus prior years. Offsets include moderating revenue growth (TTM ~3.5%) and meaningful cash-flow volatility (TTM FCF down ~32% with an inconsistent cash coverage data point).
Income Statement
86Very PositiveBalance Sheet
82Very PositiveCash Flow
74Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.46B | 5.74B | 5.08B | 4.40B | 3.12B | 3.41B |
| Gross Profit | 4.82B | 4.30B | 3.90B | 3.44B | 2.97B | 3.30B |
| EBITDA | 3.56B | 3.17B | 2.71B | 2.38B | 2.02B | 2.51B |
| Net Income | 2.96B | 2.63B | 2.25B | 1.98B | 1.67B | 2.05B |
Balance Sheet | ||||||
| Total Assets | 494.63B | 417.05B | 343.61B | 282.45B | 241.09B | 279.08B |
| Cash, Cash Equivalents and Short-Term Investments | 2.62B | 13.06B | 8.19B | 8.63B | 4.92B | 2.94B |
| Total Debt | 1.64B | 712.00M | 281.00M | 92.00M | 83.00M | 122.00M |
| Total Liabilities | 487.19B | 409.12B | 337.29B | 276.62B | 236.14B | 274.38B |
| Stockholders Equity | 7.45B | 7.93B | 6.32B | 5.83B | 4.95B | 4.70B |
Cash Flow | ||||||
| Free Cash Flow | 11.29B | 31.65B | 3.95B | 8.62B | 7.61B | 4.47B |
| Operating Cash Flow | 11.35B | 31.72B | 3.99B | 8.64B | 7.65B | 4.53B |
| Investing Cash Flow | -14.67B | -23.86B | -1.20B | -3.28B | -4.37B | -2.62B |
| Financing Cash Flow | -1.57B | -1.08B | -1.83B | -1.09B | -1.36B | -554.00M |
Avanza Bank Holding AB Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:AZA, the sentiment is Negative. The current price of 353.10 is below the 20-day moving average (MA) of 366.65, below the 50-day MA of 381.44, and below the 200-day MA of 361.51, indicating a bearish trend. The MACD of -8.63 indicates Positive momentum. The RSI at 34.86 is Neutral, neither overbought nor oversold. The STOCH value of 44.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:AZA.
Avanza Bank Holding AB Peers Comparison
Overall Rating
SE:NOBA73Outperform- SE:AZA71Outperform
SE:SAVE70Outperform
SE:SWED.A61Neutral
SE:SEB.A55Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| SE:NOBA | 73Outperform | SEK 45.36B | 11.93 | ― | 1.76% | 3.55% | ― |
| SE:AZA | 71Outperform | SEK 55.85B | 19.12 | 39.67% | 3.61% | 13.47% | 10.94% |
| SE:SAVE | 70Outperform | SEK 81.74B | 24.09 | 42.32% | 2.61% | 10.92% | 20.49% |
| SE:SWED.A | 61Neutral | SEK 435.68B | 14.11 | 14.60% | 5.26% | -5.28% | -6.33% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| SE:SEB.A | 55Neutral | SEK 406.88B | 13.14 | 13.67% | 4.09% | -7.65% | 1.59% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SE:AZA | Avanza Bank Holding AB | 353.10 | -1.43 | -0.40% | |
| SE:SEB.A | Skandinaviska Enskilda Banken AB (0HBY) | 207.80 | 37.82 | 22.25% | |
| SE:SWED.A | Swedbank AB (UK) | 388.50 | 124.95 | 47.41% | |
| SE:MORROW | Komplett Bank ASA | 15.54 | 1.39 | 9.84% | |
| SE:SAVE | Nordnet AB | 329.60 | 58.00 | 21.36% | |
| SE:NOBA | Noba Bank Group AB | 90.70 | -0.68 | -0.75% |
Avanza Bank Holding AB Corporate Events
Avanza posts double‑digit profit growth and steps up Nordic expansion
Avanza Bank Holding AB reported a strong third quarter 2026, with operating income up 12 per cent to SEK 1,283 million and all income streams contributing to growth. Operating profit and net profit each rose 13 per cent, and earnings per share before...
Avanza schedules October webcast for January–September 2026 interim results
Avanza Bank Holding AB will publish its interim report for the period January to September 2026 on Friday, 16 October at 07:45 CEST via its investor relations site. The digital savings and investment platform will then host a results presentation at...
Avanza Posts Strong Customer and Savings Growth Despite Softer Trading Volumes
Avanza reported continued growth in September 2026, adding 19,200 net new customers in the month and 148,400 year to date, bringing its total to 2,391,100. Net inflows reached SEK 7.18 billion in September and SEK 58.5 billion for the year so far, pu...
Avanza boosts share capital after employee incentive subscriptions
Avanza Bank Holding AB has increased its number of shares and votes following employee share subscriptions under its 2023/2026 incentive program, adding 329,751 shares and raising share capital to SEK 79,079,421. As of 31 August 2026, the company now...
Avanza Names Country Manager to Lead Danish Market Expansion
Avanza has appointed Christian Sillesen as Country Manager for Denmark, tasking the former Lunar and Saxo Bank executive with building its local presence ahead of a planned launch in the second half of 2027. He will report directly to CEO Gustaf Unge...
Avanza boosts customer base and market share as savings inflows surge in August
Avanza Bank Holding AB, a Stockholm-listed digital savings and investment platform, serves more than 2.3 million customers with over SEK 1,200 billion in savings capital, including products such as equities, funds, savings accounts, mortgages and a b...
Avanza Launches Low-Cost Algorithmic Portfolio Service to Challenge Major Banks
Avanza is intensifying its push into Private Banking with the launch of Avanza Sigma, a digital, algorithm-driven discretionary equity management service built on factor investing research. The offering extends Avanza’s role from self-directed...
Avanza posts strong July inflows and customer growth despite softer trading volumes
Avanza Bank Holding AB reported continued customer and asset growth in July 2026, reflecting sustained demand for its digital savings and investment services. The platform added 14,300 net new customers in July, bringing the total to 2,352,600, while...
Avanza Wins Nordic Investment Platform Award Ahead of Danish Expansion
Avanza Bank Holding AB’s digital savings and investment platform has been named Nordic’s Best Personal Investment Platform in Euromoney’s Awards for Excellence 2026, underscoring its strong market position and focus on user experien...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 17, 2026