Fact based stock research
Avanza Bank Holding (OM:AZA)

SE0012454072

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For every stock, we judge its performance against its peers and rank it on a scale of 1 to 100. The higher the rank, the better the stock performs than its peers. And, we do this for six investment strategies:
Value - shows how good of a value the stock is. Green is "inexpensive"; red is "expensive".

Growth - shows a company's growth potential. Green is "high growth" expected; red is "tough times ahead".

Safety - relates to the amount of debt a company has. Green is low debt level; red is high debt level.

Combined Financial - this isn't an average of the first three ranks but rather a consolidated view across several financial indicators. Green = good; red = tread carefully.

(NEW) Sentiment - quantifies professional analyst ratings and holdings as well as market pulse. Green = positive sentiment; red = skepticism (Only available to Premium Subscribers).

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Avanza Bank Holding stock research in summary

investors.avanza.se

ANALYSIS: With an Obermatt Combined Rank of 34 (worse than 66% compared with investment alternatives), Avanza Bank Holding (Investment Banking & Brokerage, Sweden) shares have somewhat below-average financial characteristics compared with similar stocks. Shares of Avanza Bank Holding are low in value (priced high) with a consolidated Value Rank of 5 (worse than 95% of alternatives). But they show above-average growth (Growth Rank of 55) and are safely financed (Safety Rank of 76, which means below-average debt burdens). ...read more

RECOMMENDATION: A Combined Rank of 34, is a hold recommendation based on Avanza Bank Holding's financial characteristics. Investors looking for growth and low financial risk may find this stock attractive. While the company Avanza Bank Holding exhibits low value (Obermatt Value Rank of 5), which means that the stock price is rather high, it also demonstrates above-average growth (Obermatt Growth Rank of 55). This is a typical case, as high-growth companies are often expensive. Good financing practices (Obermatt Safety Rank of 76) are a double-edged sword: if the company continues growing, low debt limits shareholder returns. But if the company increases its debt, it will also increase risk. In other words, this is an investment on the safer side, despite the above-average price (low value). Obermatt Premium subscribers can further check the stock’s Sentiment Ranks, which also flow into the Obermatt 360° View for investors. ...read more

Latest Obermatt Ranks


360° View^new
Sentiment Rank^new
Value Rank	5
Growth Rank	55
Safety Rank	76
Combined Rank	34

Country	Sweden
Industry	Investment Banking & Brokerage
Index
Size class	Medium

3-Apr-2025. Stock data may be delayed. Log in or sign up to get the most recent research.

Further information

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Analysts rarely agree on a stock’s future. So, who do you believe? Obermatt translates those collective views into a single Sentiment Rank. That plus the financial ranks give you the ultimate 360° View. Sign up to access them.

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Review the performance ranks of the individual metrics that form each investment strategy.

Research History: Avanza Bank Holding

RESEARCH HISTORY	2022	2023	2024	2025
VALUE
VALUE	12	10	3	5
GROWTH
GROWTH	71	33	74	55
SAFETY
SAFETY	67	74	9	76
SENTIMENT
SENTIMENT	93	6	55	^new
360° VIEW
360° VIEW	79	6	15	^new

Most recent update of the stock research: 3-Apr-2025. Financial reporting date used for calculating ranks: 31-Dec-2024. Stock research history is based on the Obermatt Method. The higher the rank, the better Avanza Bank Holding is in the corresponding investment strategy.
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Combined financial peformance in Detail

RESEARCH HISTORY	2022	2023	2024	2025
VALUE
VALUE	12	10	3	5
GROWTH
GROWTH	71	33	74	55
SAFETY
SAFETY	67	74	9	76
COMBINED
COMBINED	48	19	1	34

Last update of combined financial performance: 3-Apr-2025. Stock analysis on combined financial performance: The higher the rank of Avanza Bank Holding the better the performance.

Value Metrics in Detail

ANALYSIS: With an Obermatt Value Rank of 5 (worse than 95% compared with alternatives), Avanza Bank Holding shares are significantly more expensive than comparable stocks. The Value Rank is based on consolidating four value indicators, with all four indicators below average for Avanza Bank Holding. Price-to-Sales is 6 which means that the stock price compared with what market professionals expect for future profits is higher than 94% of comparable companies, indicating a low value concerning Avanza Bank Holding's sales levels. Price-to-Book Capital (also referred to as market-to-book ratio) also has a low Price-to-Book Rank of 4, which means that both reliable company size indicators, sales, and invested capital cannot explain the high stock price of Avanza Bank Holding. In addition, the two profit-related value indicators, Price-to-Profit (also referred to as price-earnings, P/E) with a low rank of 10 and Dividend Yield, which is lower than 62% of comparable companies, also make the stock more expensive compared with investment alternatives. ...read more

RECOMMENDATION: The overall picture with a consolidated Value Rank of 5, is a sell recommendation based on Avanza Bank Holding's stock price compared with the company's operational size and dividend yields. How can market participants pay such a high price for Avanza Bank Holding? One reason may be that the company is simply too popular. If enough people want a particular stock, its price can exceed reasonable levels. This is often the case for companies offering new and exciting products and everybody wants a piece of the action. Should you pay a lot for a hot stock such as Avanza Bank Holding? It's risky, and even if the stock price continues to grow because of popular demand, it may return to more typical lower levels later. And that return can be sudden and quick, making it impossible for retail investors to exit on time. Sometimes, high prices are deserved. This is the case when it is justified to believe that the company will dominate a market with high profit margins. It has happened in the past for many technology companies and indeed for commercially successful pharmaceutical discoveries. Sometimes they last, sometimes, they get eaten alive. Avanza Bank Holding may be such a type of stock. That would mean, retail investors should be careful, only considering investing a small part of their wealth in this exciting category and always being ready to lose more than half, if not all of the investment. We recommend further analyzing the stock with Obermatt’s Value, Safety, and Sentiment Ranks, including the 360° View, before making an investment decision, which is essential in this case, as the financial indicators are inconclusive. ...read more

VALUE METRICS	2022	2023	2024	2025
PRICE VS. REVENUES (P/S)
PRICE VS. REVENUES (P/S)	3	10	3	6
PRICE VS. PROFITS (P/E)
PRICE VS. PROFITS (P/E)	10	23	7	10
PRICE VS. CAPITAL (Market-to-Book)
PRICE VS. CAPITAL (Market-to-Book)	13	3	4	4
DIVIDEND YIELD
DIVIDEND YIELD	48	42	34	38
CONSOLIDATED RANK: VALUE
CONSOLIDATED RANK: VALUE	12	10	3	5

Last update of Value Rank: 3-Apr-2025. Stock analysis on value ratios: The higher the rank, the lower the value ratio of Avanza Bank Holding; except for dividend yield where the rank is higher, the higher the yield.

Growth Metrics in Detail

ANALYSIS: With an Obermatt Growth Rank of 55 (better than 55% compared with alternatives), Avanza Bank Holding shows an above-average growth dynamic in its industry. Investors also speak of positive momentum. The Growth Rank is based on consolidating four value indicators, with all but one indicator above average for Avanza Bank Holding. Sales Growth has a rank of 60 which means that currently, professionals expect the company to grow more than 60% of its competitors. Capital Growth is also above 28% of competitors with a rank of 51, and Stock Returns with the rank of 73 is also an outperformance. Only Profit Growth is low with a rank of 28 which means that currently, professionals expect the company to grow its profits less than 72% of its competitors. ...read more

RECOMMENDATION: The overall picture with a consolidated Growth Rank of 55, is a buy recommendation for growth and momentum investors. All three operating growth indicators, namely revenue, profit, and capital growth, are showing improvements. This is a good indication of a company with a positive future. That might, at the same time, be the simple reason why profit growth is low. A growing company needs money and thus can't yet show high profit growth. Look out for signs in corporate communication about extra growth efforts costing time and money. If that is the case, Avanza Bank Holding is a good growth stock. While momentum is a popular investment factor, the value aspect might be the more important one, in the longer term. We recommend analyzing the stock with Obermatt’s Value, Safety, and Sentiment Ranks to arrive at a 360° View of the stock purchase case. ...read more

GROWTH METRICS	2022	2023	2024	2025
REVENUE GROWTH
REVENUE GROWTH	17	34	71	60
PROFIT GROWTH
PROFIT GROWTH	75	84	25	28
CAPITAL GROWTH
CAPITAL GROWTH	79	8	58	51
STOCK RETURNS
STOCK RETURNS	63	42	89	73
CONSOLIDATED RANK: GROWTH
CONSOLIDATED RANK: GROWTH	71	33	74	55

Last update of Growth Rank: 3-Apr-2025. Stock analysis on growth metrics: The higher the rank, the higher the growth and returns of Avanza Bank Holding.

Safety Metrics in Detail

ANALYSIS: With an Obermatt Safety Rank of 76 (better than 76% compared with alternatives) for 2025, the company Avanza Bank Holding has safe financing practices, which means that their overall debt burden is low. This doesn't mean that the business of Avanza Bank Holding is safe, it only means that the company is on the safer side regarding possible bankruptcy, assuming that public reporting is correct. The Safety Rank is based on consolidating three financing indicators, with two out of three indicators above-average for Avanza Bank Holding. Refinancing is at 87, meaning the portion of the debt that is about to be refinanced is below average. It has less debt in the refinancing stage than 87% of its competitors. Liquidity is also good at 100, meaning the company generates more profit to service its debt than 100% of its competitors. This indicates that the company is safer when it comes to debt service. However, Leverage is rather large at 1, which means the company has an above-average debt-to-equity ratio. It has more debt than 99% of its competitors. ...read more

RECOMMENDATION: With a consolidated Safety Rank of 76 (better than 76% compared with alternatives), Avanza Bank Holding has a financing structure that is significantly safer than that of its competitors. This is not bad if things go well. The higher debt level means better returns to shareholders if things go well. Many top-performing companies operate with higher debt levels, and Avanza Bank Holding could be in that group. But if you expect the environment to turn rougher, the higher leverage could become a problem. The same is valid if you expect interest rates to rise. That could squeeze shareholder returns, which so far have benefitted from better conditions. In the long-term, investors may have a debt challenge with Avanza Bank Holding and should also compare Obermatt’s Value, Growth, and Sentiment Ranks before making a decision. ...read more

SAFETY METRICS	2022	2023	2024	2025
LEVERAGE
LEVERAGE	3	3	1	1
REFINANCING
REFINANCING	83	85	87	87
LIQUIDITY
LIQUIDITY	90	98	9	100
CONSOLIDATED RANK: SAFETY
CONSOLIDATED RANK: SAFETY	67	74	9	76

Last update of Safety Rank: 3-Apr-2025. Stock analysis on safety metrics: The higher the rank, the lower the leverage of Avanza Bank Holding and the more cash is available to service its debt.

Sentiment Metrics in Detail

SENTIMENT	2022	2023	2024	2025
ANALYST OPINIONS
ANALYST OPINIONS	n/a	1	22	^new
OPINIONS CHANGE
OPINIONS CHANGE	98	36	91	^new
PRO HOLDINGS
PRO HOLDINGS	58	39	66	^new
MARKET PULSE
MARKET PULSE	36	13	39	^new
CONSOLIDATED RANK: SENTIMENT
CONSOLIDATED RANK: SENTIMENT	93	6	55	^new

Last update of Sentiment Rank: 3-Apr-2025. Stock analysis on sentiment metrics: The higher the rank, the more positive the sentiment for Avanza Bank Holding.
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