AZELIS GROUP NV (AZE.BR) Stock Fundamental Analysis
EBR:AZE - Euronext Brussels - BE0974400328 - Common Stock - Currency: EUR
AZE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 16 industry peers in the Trading Companies & Distributors industry. AZE scores excellent on profitability, but there are concerns on its financial health. AZE has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
AZE had positive earnings in the past year.
AZE had a positive operating cash flow in the past year.
AZE had positive earnings in each of the past 5 years.
Each year in the past 5 years AZE had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.14%, AZE is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
With a decent Return On Equity value of 6.28%, AZE is doing good in the industry, outperforming 68.75% of the companies in the same industry.
AZE has a Return On Invested Capital of 5.90%. This is in the better half of the industry: AZE outperforms 68.75% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AZE is in line with the industry average of 7.45%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.14% | ||
| ROE | 6.28% | ||
| ROIC | 5.9% |
ROA(3y)3.54%
ROA(5y)2.94%
ROE(3y)7.36%
ROE(5y)6.19%
ROIC(3y)6.56%
ROIC(5y)5.87%
1.3 Margins
The Profit Margin of AZE (4.29%) is better than 81.25% of its industry peers.
AZE's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 9.23%, AZE belongs to the best of the industry, outperforming 93.75% of the companies in the same industry.
In the last couple of years the Operating Margin of AZE has grown nicely.
With a decent Gross Margin value of 23.90%, AZE is doing good in the industry, outperforming 68.75% of the companies in the same industry.
In the last couple of years the Gross Margin of AZE has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.23% | ||
| PM (TTM) | 4.29% | ||
| GM | 23.9% |
OM growth 3Y4.8%
OM growth 5Y7.9%
PM growth 3Y21.4%
PM growth 5Y13.37%
GM growth 3Y1.74%
GM growth 5Y2.88%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AZE is destroying value.
AZE has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for AZE has been increased compared to 5 years ago.
AZE has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.09, we must say that AZE is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.09, AZE is not doing good in the industry: 87.50% of the companies in the same industry are doing better.
AZE has a debt to FCF ratio of 5.97. This is a neutral value as AZE would need 5.97 years to pay back of all of its debts.
AZE has a Debt to FCF ratio of 5.97. This is in the better half of the industry: AZE outperforms 75.00% of its industry peers.
A Debt/Equity ratio of 0.61 indicates that AZE is somewhat dependend on debt financing.
AZE's Debt to Equity ratio of 0.61 is in line compared to the rest of the industry. AZE outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | 5.97 | ||
| Altman-Z | 1.09 |
ROIC/WACC0.86
WACC6.84%
2.3 Liquidity
AZE has a Current Ratio of 1.93. This is a normal value and indicates that AZE is financially healthy and should not expect problems in meeting its short term obligations.
AZE has a Current ratio of 1.93. This is comparable to the rest of the industry: AZE outperforms 50.00% of its industry peers.
A Quick Ratio of 1.11 indicates that AZE should not have too much problems paying its short term obligations.
AZE has a Quick ratio of 1.11. This is comparable to the rest of the industry: AZE outperforms 43.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.93 | ||
| Quick Ratio | 1.11 |
3. Growth
3.1 Past
AZE shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -0.23%.
The Earnings Per Share has been growing by 29.29% on average over the past years. This is a very strong growth
AZE shows a small growth in Revenue. In the last year, the Revenue has grown by 1.49%.
AZE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.00% yearly.
EPS 1Y (TTM)-0.23%
EPS 3Y36.76%
EPS 5Y29.29%
EPS Q2Q%15.94%
Revenue 1Y (TTM)1.49%
Revenue growth 3Y14.23%
Revenue growth 5Y15%
Sales Q2Q%2.85%
3.2 Future
AZE is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.17% yearly.
AZE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.63% yearly.
EPS Next Y14.46%
EPS Next 2Y13.14%
EPS Next 3Y11.12%
EPS Next 5Y9.17%
Revenue Next Year4.03%
Revenue Next 2Y4.64%
Revenue Next 3Y4.56%
Revenue Next 5Y3.63%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
AZE is valuated rather expensively with a Price/Earnings ratio of 18.54.
Based on the Price/Earnings ratio, AZE is valued a bit cheaper than the industry average as 68.75% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of AZE to the average of the S&P500 Index (27.30), we can say AZE is valued slightly cheaper.
With a Price/Forward Earnings ratio of 12.62, AZE is valued correctly.
68.75% of the companies in the same industry are more expensive than AZE, based on the Price/Forward Earnings ratio.
AZE's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.76.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.54 | ||
| Fwd PE | 12.62 |
4.2 Price Multiples
68.75% of the companies in the same industry are more expensive than AZE, based on the Enterprise Value to EBITDA ratio.
The rest of the industry has a similar Price/Free Cash Flow ratio as AZE.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.83 | ||
| EV/EBITDA | 9.77 |
4.3 Compensation for Growth
AZE's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of AZE may justify a higher PE ratio.
PEG (NY)1.28
PEG (5Y)0.63
EPS Next 2Y13.14%
EPS Next 3Y11.12%
5. Dividend
5.1 Amount
AZE has a Yearly Dividend Yield of 1.18%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.57, AZE has a dividend in line with its industry peers.
With a Dividend Yield of 1.18, AZE pays less dividend than the S&P500 average, which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.18% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
29.50% of the earnings are spent on dividend by AZE. This is a low number and sustainable payout ratio.
DP29.5%
EPS Next 2Y13.14%
EPS Next 3Y11.12%
EBR:AZE (7/11/2025, 7:00:00 PM)
13.72
-0.24 (-1.72%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryTrading Companies & Distributors
Earnings (Last)
Earnings (Next)
Inst Owners56.37%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap3.35B
Analysts82
Price Target21.95 (59.99%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.18% |
Yearly Dividend0.22
Dividend Growth(5Y)N/A
DP29.5%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-8.15%
PT rev (3m)-15.05%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-1.13%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.54 | ||
| Fwd PE | 12.62 | ||
| P/S | 0.79 | ||
| P/FCF | 10.83 | ||
| P/OCF | 10.36 | ||
| P/B | 1.16 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.77 |
EPS(TTM)0.74
EY5.39%
EPS(NY)1.09
Fwd EY7.93%
FCF(TTM)1.27
FCFY9.24%
OCF(TTM)1.32
OCFY9.65%
SpS17.28
BVpS11.79
TBVpS-4.31
PEG (NY)1.28
PEG (5Y)0.63
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.14% | ||
| ROE | 6.28% | ||
| ROCE | 7.87% | ||
| ROIC | 5.9% | ||
| ROICexc | 6.29% | ||
| ROICexgc | 40.13% | ||
| OM | 9.23% | ||
| PM (TTM) | 4.29% | ||
| GM | 23.9% | ||
| FCFM | 7.33% |
ROA(3y)3.54%
ROA(5y)2.94%
ROE(3y)7.36%
ROE(5y)6.19%
ROIC(3y)6.56%
ROIC(5y)5.87%
ROICexc(3y)7.11%
ROICexc(5y)6.31%
ROICexgc(3y)61.38%
ROICexgc(5y)55.63%
ROCE(3y)8.76%
ROCE(5y)7.85%
ROICexcg growth 3Y-2.57%
ROICexcg growth 5Y-2.01%
ROICexc growth 3Y5.64%
ROICexc growth 5Y8.86%
OM growth 3Y4.8%
OM growth 5Y7.9%
PM growth 3Y21.4%
PM growth 5Y13.37%
GM growth 3Y1.74%
GM growth 5Y2.88%
F-Score6
Asset Turnover0.73
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | 5.97 | ||
| Debt/EBITDA | 3.51 | ||
| Cap/Depr | 12.08% | ||
| Cap/Sales | 0.33% | ||
| Interest Coverage | 3.18 | ||
| Cash Conversion | 64.07% | ||
| Profit Quality | 171.04% | ||
| Current Ratio | 1.93 | ||
| Quick Ratio | 1.11 | ||
| Altman-Z | 1.09 |
F-Score6
WACC6.84%
ROIC/WACC0.86
Cap/Depr(3y)16.39%
Cap/Depr(5y)20.73%
Cap/Sales(3y)0.38%
Cap/Sales(5y)0.47%
Profit Quality(3y)207.45%
Profit Quality(5y)175.19%
High Growth Momentum
Growth
EPS 1Y (TTM)-0.23%
EPS 3Y36.76%
EPS 5Y29.29%
EPS Q2Q%15.94%
EPS Next Y14.46%
EPS Next 2Y13.14%
EPS Next 3Y11.12%
EPS Next 5Y9.17%
Revenue 1Y (TTM)1.49%
Revenue growth 3Y14.23%
Revenue growth 5Y15%
Sales Q2Q%2.85%
Revenue Next Year4.03%
Revenue Next 2Y4.64%
Revenue Next 3Y4.56%
Revenue Next 5Y3.63%
EBIT growth 1Y-0.91%
EBIT growth 3Y19.71%
EBIT growth 5Y24.08%
EBIT Next Year23.73%
EBIT Next 3Y11.73%
EBIT Next 5Y13.43%
FCF growth 1Y-39.35%
FCF growth 3Y62.82%
FCF growth 5Y37.19%
OCF growth 1Y-38.5%
OCF growth 3Y53.15%
OCF growth 5Y33.59%