Avanza Bank Holding AB (publ) - AZA.ST

AZA.ST Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
AZA.ST	-0.9	14.8	21.5	43.1	39.5	57.2	16.4	243.0	525.3	4160.4
S&P 500	0.5	2.1	1.3	5.3	12.7	25.7	38.7	85.7	197.4	34547.3

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	AZA.ST
name	Avanza Bank Holding AB (publ)
price	328.9
changes percentage	-0.874
change	-2.9
day low	326.5
day high	333
year high	336.4
year low	202.6
market cap	51715249300
price avg 50	262.252
price avg 200	249.188
exchange	STO
volume	162209
avg volume	318752
open	333
previous close	331.8
eps	14.31
pe	22.98
earnings announcement	2025-04-17T05:45:00.000+0000
shares outstanding	157237000
timestamp	2025-01-24 13:10:21

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 49.0%

Overall Quarterly Financial Health: 76.0%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	3752000000	2972000000	26.24
gross profit	3349000000	2419000000	38.45
gross profit ratio	0.89	0.81	9.66
research and development expenses	0	0.56	-100.00
operating expenses	1460000000	1031000000	41.61
interest income	2540000000	935000000	171.66
interest expense	966000000	147000000	557.14
ebitda	2380000000	3450000000	-31.01
ebitdaratio	0.63	0.73	-13.04
operating income	2292000000	2087000000	9.82
operating income ratio	0.61	0.7	-13.01
net income	1982000000	1666000000	18.97
net income ratio	0.53	0.56	-5.76
eps	12.64	10.69	18.24

Overall Score of Annual Income Statement

None

Detailed Analysis

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
revenue	1363000000	1027000000	32.72
gross profit	936000000	591000000	58.38
gross profit ratio	0.69	0.58	19.33
research and development expenses	0	0	NaN
operating expenses	972000000	439000000	121.41
interest income	687000000	0	NaN
interest expense	286000000	0	NaN
ebitda	682000000	1000000	68100.00
ebitdaratio	0.5	0.0	51287.68
operating income	682000000	588000000	15.99
operating income ratio	0.5	0.57	-12.61
net income	568000000	506000000	12.25
net income ratio	0.42	0.49	-15.42
eps	3.61	3.22	12.11

Overall Score of Quarterly Income Statement

0.86 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 1,363 million in 2024Q3 from 1,027 million in 2024Q2 representing a change of 32.72%. This indicates a sales growth, which is a positive sign for the company.

  Gross Profit: Gross Profit increased to 936 million in 2024Q3 from 591 million in 2024Q2 representing a change of 58.38%. This indicates a sales profitability growth, which is a positive sign for the company.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 682 million in 2024Q3 from 1 million in 2024Q2 representing a change of 68100.0%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Operating Income: Operating income increased to 682 million in 2024Q3 from 588 million in 2024Q2 representing a change of 15.99%. The increase in operating income indicates better operational performance and increased profitability.

  Net Income: Net income increased to 568 million in 2024Q3 from 506 million in 2024Q2 representing a change of 12.25%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to 3.61 in 2024Q3 from 3.61 in 2024Q2 representing a change of 12.11%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

• 📉 Negative Indicators

  Operating Expenses: Operating Expenses increased to 972 million in 2024Q3 from 439 million in 2024Q2 representing a change of 121.41%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	282453000000	241091000000	17.16
total liabilities	276621000000	236140000000	17.14
total equity	5832000000	119000000	4800.84
cash and cash equivalents	8630000000	4915000000	75.58
short term investments	0	0	NaN
long term investments	33282000000	32828000000	1.38
total current assets	8630000000	5833000000	47.95
total non current assets	307105000000	33082000000	828.31
total current liabilities	627000000	20000000	3035.00
total non current liabilities	553242000000	20000000	2766110.00
common stock	79000000	78000000	1.28
retained earnings	5041000000	4229000000	19.20
total debt	92000000	83000000	10.84

Overall Score of Annual Balance Sheet

0.67 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 282,453 million in 2023 from 241,091 million in 2022 representing a change of 17.16%. Suggesting a growth in asset holdings.

  Total Equity: Total Equity increased to 5,832 million in 2023 from 119 million in 2022 representing a change of 4800.84%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 8,630 million in 2023 from 4,915 million in 2022 representing a change of 75.58%. This indicates an increase in available liquid assets.

  Total Current Assets: Total Current Assets increased to 8,630 million in 2023 from 5,833 million in 2022 representing a change of 47.95%. This indicates a better liquidity position.

  Common Stock: Common Stock increased to 79 in 2023 from 78 in 2022 representing a change of 1.28%. This indicates an increase in ownership interest.

  Retained Earnings: Retained Earnings increased to 5,041 million in 2023 from 4,229 million in 2022 representing a change of 19.2%. This indicates an accumulated profits.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 276,621 million in 2023 from 236,140 million in 2022 representing a change of 17.14%. This indicates an increase in overall liabilities.

  Total Current Liabilities: Total Current Liabilities increased to 627 million in 2023 from 20 million in 2022 representing a change of 3035.0%. This indicates a higher short-term debt burden.

  Total Debt: Total Debt increased to 92 million in 2023 from 83 million in 2022 representing a change of 10.84%. This indicates an increase in overall debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
total assets	336533000000	319480000000	5.34
total liabilities	330833000000	314352000000	5.24
total equity	5700000000	5128000000	11.15
cash and cash equivalents	8690000000	9751000000	-10.88
short term investments	0	0	NaN
long term investments	35891000000	0	NaN
total current assets	8108000000	9751000000	-16.85
total non current assets	328425000000	309729000000	6.04
total current liabilities	0	209000000	-100.00
total non current liabilities	0	314352000000	-100.00
common stock	79000000	79000000	0.00
retained earnings	4867000000	4298000000	13.24
total debt	66000000	77000000	-14.29

Overall Score of Quarterly Balance Sheet

0.62 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 336,533 million in 2024Q3 from 319,480 million in 2024Q2 representing a change of 5.34%. Suggesting a growth in asset holdings.

  Total Equity: Total Equity increased to 5,700 million in 2024Q3 from 5,128 million in 2024Q2 representing a change of 11.15%. This indicates an increase in shareholders' equity.

  Total Current Liabilities: Total Current Liabilities decreased to 0 million in 2024Q3 from 209 million in 2024Q2 representing a change of -100.0%. This indicates a lower short-term debt burden.

  Retained Earnings: Retained Earnings increased to 4,867 million in 2024Q3 from 4,298 million in 2024Q2 representing a change of 13.24%. This indicates an accumulated profits.

  Total Debt: Total Debt decreased to 66 million in 2024Q3 from 77 million in 2024Q2 representing a change of -14.29%. This indicates a reduction in overall debt burden.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 330,833 million in 2024Q3 from 314,352 million in 2024Q2 representing a change of 5.24%. This indicates an increase in overall liabilities.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 8,690 million in 2024Q3 from 9,751 million in 2024Q2 representing a change of -10.88%. This indicates a decrease in available liquid assets.

  Total Current Assets: Total Current Assets decreased to 8,108 million in 2024Q3 from 9,751 million in 2024Q2 representing a change of -16.85%. This indicates a worsen liquidity position.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	4269000000	1912000000	123.27
operating cash flow	8743000000	7649000000	14.30
free cash flow	8719000000	7605000000	14.65
capital expenditure	-24000000	-44000000	45.45
depreciation and amortization	88000000	81000000	8.64
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	-24000000	-44000000	45.45
net cash used for investing activites	-3601000000	-4374000000	17.67
debt repayment	0	0	NaN
common stock issued	128000000	108000000	18.52
common stock repurchased	0	0	NaN
dividends paid	-1175000000	-1431000000	17.89
net cash used provided by financing activities	-1091000000	-1363000000	19.96
cash at end of period	11211000000	6942000000	61.50
accounts receivables	0	0	NaN
cash at beginning of period	6942000000	5030000000	38.01

Overall Score of Annual Cashflow Statement

0.8 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 4,269 million in 2023 from 1,912 million in 2022 representing a change of 123.27%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow increased to 8,743 million in 2023 from 7,649 million in 2022 representing a change of 14.3%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 8,719 million in 2023 from 7,605 million in 2022 representing a change of 14.65%. This indicates an increase in cash generated after accounting for capital expenditures.

  Dividends Paid: Dividends Paid increased to -1,175 million in 2023 from -1,431 million in 2022 representing a change of 17.89%. This indicates a stronger financial position, more confidence in future prospects, and a better commitment to returning value to shareholders.

• 📉 Negative Indicators

  Capital Expenditure: Capital Expenditure increased to -24 million in 2023 from -44 million in 2022 representing a change of 45.45%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
operating cash flow	4529000000	-744000000	708.74
free cash flow	4525000000	-774000000	684.63
capital expenditure	-4000000	-30000000	86.67
depreciation and amortization	0	23000000	-100.00
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts receivables	0	0	NaN
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	-4000000	-30000000	86.67
net cash used for investing activites	-1893000000	521000000	-463.34
debt repayment	0	-11000000	100.00
common stock issued	0	16000000	-100.00
common stock repurchased	0	0	NaN
dividends paid	0	-1808000000	100.00
net cash used provided by financing activities	-11000000	-1803000000	99.39
net change in cash	2625000000	0	NaN
cash at end of period	12377000000	9752000000	26.92
cash at beginning of period	9752000000	9752000000	0.00

Overall Score of Quarterly Cashflow Statement

0.8 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 2,625 million in 2024Q3 from 0 million in 2024Q2 representing a change of nan%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow increased to 4,529 million in 2024Q3 from -744 million in 2024Q2 representing a change of 708.74%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 4,525 million in 2024Q3 from -774 million in 2024Q2 representing a change of 684.63%. This indicates an increase in cash generated after accounting for capital expenditures.

  Dividends Paid: Dividends Paid increased to 0 million in 2024Q3 from -1,808 million in 2024Q2 representing a change of 100.0%. This indicates a stronger financial position, more confidence in future prospects, and a better commitment to returning value to shareholders.

• 📉 Negative Indicators

  Capital Expenditure: Capital Expenditure increased to -4 million in 2024Q3 from -30 million in 2024Q2 representing a change of 86.67%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	23.94	19.06	25.57
net income per share	12.64	10.69	18.33
operating cash flow per share	55.78	49.06	13.69
free cash flow per share	55.62	48.78	14.04
cash per share	55.05	31.52	74.65
book value per share	37.2	31.75	17.16
tangible book value per share	36.65	31.07	17.97
shareholders equity per share	37.2	31.75	17.16
interest debt per share	6.75	1.48	357.54
market cap	36601992919.5	34862832357.6	4.99
enterprise value	28063992919.5	30030832357.6	-6.55
pe ratio	18.47	20.93	-11.75
price to sales ratio	9.76	11.73	-16.84
pocfratio	4.19	4.56	-8.15
pfcf ratio	4.2	4.58	-8.43
pb ratio	6.28	7.04	-10.87
ptb ratio	6.28	7.04	-10.87
ev to sales	7.48	10.1	-25.98
enterprise value over ebitda	11.79	8.7	35.46
ev to operating cash flow	3.21	3.93	-18.24
ev to free cash flow	3.22	3.95	-18.49
earnings yield	0.05	0.05	13.31
free cash flow yield	0.24	0.22	9.20
debt to equity	0.02	0.02	-5.90
debt to assets	0.0	0.0	-5.39
net debt to ebitda	-3.59	-1.4	-156.14
current ratio	13.76	291.65	-95.28
interest coverage	2.37	14.2	-83.29
income quality	4.41	3.94	11.88
dividend yield	0.03	0.04	-21.79
payout ratio	0.59	0.86	-30.98
sales general and administrative to revenue	0.25	0.09	178.44
research and ddevelopement to revenue	0	0.0	-100.00
intangibles to total assets	0.0	0.0	-30.60
capex to operating cash flow	0.0	0.01	-52.28
capex to revenue	0.01	0.01	-56.79
capex to depreciation	0.27	0.54	-49.79
stock based compensation to revenue	0	0	NaN
graham number	102.88	87.37	17.75
roic	0.01	0.05	-86.35
return on tangible assets	0.01	0.01	1.53
graham net net	-1709.63	-1461.11	-17.01
working capital	8003000000	5813000000	37.67
tangible asset value	5745000000	4844000000	18.60
net current asset value	-267991000000	-230307000000	-16.36
invested capital	8244000000	6067000000	35.88
average receivables	382500000	766000000	-50.07
average payables	27500000	26000000	5.77
average inventory	2840000000	6644000000	-57.25
days sales outstanding	0	93.95	-100.00
days payables outstanding	31.7	13.2	140.14
days of inventory on hand	0	3749.01	-100.00
receivables turnover	0	3.88	-100.00
payables turnover	11.51	27.65	-58.36
inventory turnover	0	0.1	-100.00
roe	0.34	0.34	1.00
capex per share	0.15	0.28	-45.75

• Neutral

  ROE: Return on Equity (ROE) decreased to 0.34 on 2023-12-31 from 0.34 on 2022-12-31, representing a change of 1.00%. However, ROE is >= 15%, suggesting that the company has been generating high returns for its shareholders still.

• Negative

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 18.47 on 2023-12-31 from 20.93 on 2022-12-31, representing a change of -11.75%. Indicating a decrease in the relative valuation of the company's stock.

  Current Ratio: Current Ratio decreased to 13.76 on 2023-12-31 from 291.65 on 2022-12-31, representing a change of -95.28%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.

• Positive

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.02 on 2023-12-31 from 0.02 on 2022-12-31, representing a change of -5.90%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

• Quarterly Financial Ratios

	2024-09-30 Q3	2024-06-30 Q2	Q/Q change %
AZA.ST
calendar year	2024	2024	NaN
revenue per share	8.67	6.52	33.05
net income per share	3.61	3.21	12.54
operating cash flow per share	28.8	-4.72	710.27
free cash flow per share	28.78	-4.91	686.10
cash per share	55.27	61.86	-10.66
book value per share	36.25	32.53	11.43
tangible book value per share	35.8	32.05	11.70
shareholders equity per share	36.25	32.53	11.43
interest debt per share	2.24	0.49	358.29
market cap	39545105500	41000186719.8	-3.55
enterprise value	30921105500	31326186719.8	-1.29
pe ratio	17.41	20.26	-14.08
price to sales ratio	29.01	39.92	-27.33
pocfratio	8.73	-55.11	115.84
pfcf ratio	8.74	-52.97	116.50
pb ratio	6.94	8.0	-13.23
ptb ratio	6.94	8.0	-13.23
ev to sales	22.69	30.5	-25.63
enterprise value over ebitda	45.34	31326.19	-99.86
ev to operating cash flow	6.83	-42.11	116.22
ev to free cash flow	6.83	-40.47	116.88
earnings yield	0.01	0.01	16.38
free cash flow yield	0.11	-0.02	706.14
debt to equity	0.01	0.02	-22.89
debt to assets	0.0	0.0	-18.63
net debt to ebitda	-12.65	-9674	99.87
current ratio	0	46.66	-100.00
interest coverage	2.38	0	NaN
income quality	6.88	-1.47	568.12
dividend yield	0	0.04	-100.00
payout ratio	0	3.57	-100.00
sales general and administrative to revenue	0.19	0.29	-32.62
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0.0	0.0	-11.31
capex to operating cash flow	0.0	-0.04	102.19
capex to revenue	0.0	0.03	-89.95
capex to depreciation	0	1.3	-100.00
stock based compensation to revenue	0	0	NaN
graham number	54.28	48.47	11.98
roic	0.0	0.0	10.38
return on tangible assets	0.0	0.0	6.56
graham net net	-2048.77	-1932.35	-6.02
working capital	8108000000	9542000000	-15.03
tangible asset value	5629000000	5052000000	11.42
net current asset value	-322725000000	-304601000000	-5.95
invested capital	8323000000	9776000000	-14.86
average receivables	0	0	NaN
average payables	0	0	NaN
average inventory	0	0	NaN
days sales outstanding	0	0	NaN
days payables outstanding	0	0	NaN
days of inventory on hand	0	0	NaN
receivables turnover	0	0	NaN
payables turnover	0	0	NaN
inventory turnover	0	0	NaN
roe	0.1	0.1	0.99
capex per share	0.03	0.19	-86.63

• ROE:

• Negative

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 17.41 on 2024-09-30 Q3 from 20.26 on 2024-06-30 Q2, representing a change of -14.08%. Indicating a decrease in the relative valuation of the company's stock.

  Current Ratio: Current Ratio decreased to 0.00 on 2024-09-30 Q3 from 46.66 on 2024-06-30 Q2, representing a change of -100.00%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Also, it's below 1, indicating potential liquidity issues.

• Positive

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.01 on 2024-09-30 Q3 from 0.02 on 2024-06-30 Q2, representing a change of -22.89%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

None