AZELIS GROUP NV (AZE.BR) Stock Fundamental Analysis

Europe • Euronext Brussels • EBR:AZE • BE0974400328

9.075 EUR
-0.02 (-0.17%)
Last: Feb 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

AZE gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 20 industry peers in the Trading Companies & Distributors industry. While AZE is still in line with the averages on profitability rating, there are concerns on its financial health. AZE has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

5

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.
  • In the past 5 years AZE has always been profitable.
  • AZE had a positive operating cash flow in each of the past 5 years.
AZE.BR Yearly Net Income VS EBIT VS OCF VS FCFAZE.BR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M 500M

1.2 Ratios

  • With a Return On Assets value of 2.99%, AZE perfoms like the industry average, outperforming 42.11% of the companies in the same industry.
  • AZE's Return On Equity of 6.38% is on the low side compared to the rest of the industry. AZE is outperformed by 63.16% of its industry peers.
  • With a Return On Invested Capital value of 5.89%, AZE perfoms like the industry average, outperforming 47.37% of the companies in the same industry.
  • AZE had an Average Return On Invested Capital over the past 3 years of 6.56%. This is below the industry average of 10.48%.
Industry RankSector Rank
ROA 2.99%
ROE 6.38%
ROIC 5.89%
ROA(3y)3.54%
ROA(5y)2.94%
ROE(3y)7.36%
ROE(5y)6.19%
ROIC(3y)6.56%
ROIC(5y)5.87%
AZE.BR Yearly ROA, ROE, ROICAZE.BR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 0 2 -2 4 -4 6 8

1.3 Margins

  • With a Profit Margin value of 4.01%, AZE perfoms like the industry average, outperforming 57.89% of the companies in the same industry.
  • AZE's Profit Margin has improved in the last couple of years.
  • With a decent Operating Margin value of 8.61%, AZE is doing good in the industry, outperforming 63.16% of the companies in the same industry.
  • In the last couple of years the Operating Margin of AZE has grown nicely.
  • The Gross Margin of AZE (23.57%) is comparable to the rest of the industry.
  • AZE's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 8.61%
PM (TTM) 4.01%
GM 23.57%
OM growth 3Y4.8%
OM growth 5Y7.9%
PM growth 3Y21.4%
PM growth 5Y13.37%
GM growth 3Y1.74%
GM growth 5Y2.88%
AZE.BR Yearly Profit, Operating, Gross MarginsAZE.BR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 0 5 10 15 20

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2

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AZE is destroying value.
  • Compared to 1 year ago, AZE has about the same amount of shares outstanding.
  • 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.
AZE.BR Yearly Shares OutstandingAZE.BR Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
AZE.BR Yearly Total Debt VS Total AssetsAZE.BR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

2.2 Solvency

  • Based on the Altman-Z score of 0.75, we must say that AZE is in the distress zone and has some risk of bankruptcy.
  • AZE has a worse Altman-Z score (0.75) than 84.21% of its industry peers.
  • The Debt to FCF ratio of AZE is 6.95, which is on the high side as it means it would take AZE, 6.95 years of fcf income to pay off all of its debts.
  • AZE has a Debt to FCF ratio (6.95) which is comparable to the rest of the industry.
  • AZE has a Debt/Equity ratio of 0.65. This is a neutral value indicating AZE is somewhat dependend on debt financing.
  • AZE has a Debt to Equity ratio (0.65) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF 6.95
Altman-Z 0.75
ROIC/WACC0.8
WACC7.36%
AZE.BR Yearly LT Debt VS Equity VS FCFAZE.BR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

2.3 Liquidity

  • A Current Ratio of 1.68 indicates that AZE should not have too much problems paying its short term obligations.
  • The Current ratio of AZE (1.68) is worse than 68.42% of its industry peers.
  • A Quick Ratio of 1.05 indicates that AZE should not have too much problems paying its short term obligations.
  • AZE has a Quick ratio (1.05) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.68
Quick Ratio 1.05
AZE.BR Yearly Current Assets VS Current LiabilitesAZE.BR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The earnings per share for AZE have decreased by -0.43% in the last year.
  • Measured over the past years, AZE shows a very strong growth in Earnings Per Share. The EPS has been growing by 29.29% on average per year.
  • AZE shows a small growth in Revenue. In the last year, the Revenue has grown by 1.70%.
  • 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)-0.43%
EPS 3Y36.76%
EPS 5Y29.29%
EPS Q2Q%-12.82%
Revenue 1Y (TTM)1.7%
Revenue growth 3Y14.23%
Revenue growth 5Y15%
Sales Q2Q%97.22%

3.2 Future

  • The Earnings Per Share is expected to grow by 6.04% on average over the next years.
  • Based on estimates for the next years, AZE will show a small growth in Revenue. The Revenue will grow by 2.25% on average per year.
EPS Next Y-23.99%
EPS Next 2Y-9.22%
EPS Next 3Y-2.92%
EPS Next 5Y6.04%
Revenue Next Year-1.66%
Revenue Next 2Y0.35%
Revenue Next 3Y1.76%
Revenue Next 5Y2.25%

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.
AZE.BR Yearly Revenue VS EstimatesAZE.BR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 1B 2B 3B 4B 5B
AZE.BR Yearly EPS VS EstimatesAZE.BR Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 0.2 0.4 0.6 0.8 1

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6

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 13.15, the valuation of AZE can be described as correct.
  • 94.74% of the companies in the same industry are more expensive than AZE, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 27.92, AZE is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 11.59, the valuation of AZE can be described as reasonable.
  • Based on the Price/Forward Earnings ratio, AZE is valued cheaper than 89.47% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.78. AZE is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 13.15
Fwd PE 11.59
AZE.BR Price Earnings VS Forward Price EarningsAZE.BR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, AZE is valued cheaper than 84.21% of the companies in the same industry.
  • 94.74% of the companies in the same industry are more expensive than AZE, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 7.45
EV/EBITDA 7.94
AZE.BR Per share dataAZE.BR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

  • A cheap valuation may be justified as AZE's earnings are expected to decrease with -2.92% in the coming years.
PEG (NY)N/A
PEG (5Y)0.45
EPS Next 2Y-9.22%
EPS Next 3Y-2.92%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 1.77%, AZE has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 1.88, AZE has a dividend in line with its industry peers.
  • AZE's Dividend Yield is comparable with the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 1.77%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
AZE.BR Yearly Dividends per shareAZE.BR Yearly Dividends per shareYearly Dividends per share 2022 2023 2024 2025 0.05 0.1 0.15 0.2 0.25

5.3 Sustainability

  • AZE pays out 31.26% of its income as dividend. This is a sustainable payout ratio.
DP31.26%
EPS Next 2Y-9.22%
EPS Next 3Y-2.92%
AZE.BR Yearly Income VS Free CF VS DividendAZE.BR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M 500M
AZE.BR Dividend Payout.AZE.BR Dividend Payout, showing the Payout Ratio.AZE.BR Dividend Payout.PayoutRetained Earnings

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AZELIS GROUP NV

EBR:AZE (2/6/2026, 7:00:00 PM)

9.075

-0.02 (-0.17%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryTrading Companies & Distributors
Earnings (Last)10-23
Earnings (Next)02-19
Inst Owners72.58%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap2.21B
Revenue(TTM)4.23B
Net Income(TTM)169.55M
Analysts75
Price Target13.57 (49.53%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.77%
Yearly Dividend0.22
Dividend Growth(5Y)N/A
DP31.26%
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)-2.76%
PT rev (3m)-19.93%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-5.45%
EPS NY rev (3m)-13.46%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.08%
Valuation
Industry RankSector Rank
PE 13.15
Fwd PE 11.59
P/S 0.52
P/FCF 7.45
P/OCF 6.83
P/B 0.83
P/tB N/A
EV/EBITDA 7.94
EPS(TTM)0.69
EY7.6%
EPS(NY)0.78
Fwd EY8.63%
FCF(TTM)1.22
FCFY13.43%
OCF(TTM)1.33
OCFY14.64%
SpS17.33
BVpS10.89
TBVpS-4.3
PEG (NY)N/A
PEG (5Y)0.45
Graham Number13
Profitability
Industry RankSector Rank
ROA 2.99%
ROE 6.38%
ROCE 7.84%
ROIC 5.89%
ROICexc 6.52%
ROICexgc 55.44%
OM 8.61%
PM (TTM) 4.01%
GM 23.57%
FCFM 7.03%
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%
ROICexgc growth 3Y-2.57%
ROICexgc 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-Score8
Asset Turnover0.75
Health
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF 6.95
Debt/EBITDA 3.6
Cap/Depr 22.93%
Cap/Sales 0.64%
Interest Coverage 3.14
Cash Conversion 67.35%
Profit Quality 175.3%
Current Ratio 1.68
Quick Ratio 1.05
Altman-Z 0.75
F-Score8
WACC7.36%
ROIC/WACC0.8
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)-0.43%
EPS 3Y36.76%
EPS 5Y29.29%
EPS Q2Q%-12.82%
EPS Next Y-23.99%
EPS Next 2Y-9.22%
EPS Next 3Y-2.92%
EPS Next 5Y6.04%
Revenue 1Y (TTM)1.7%
Revenue growth 3Y14.23%
Revenue growth 5Y15%
Sales Q2Q%97.22%
Revenue Next Year-1.66%
Revenue Next 2Y0.35%
Revenue Next 3Y1.76%
Revenue Next 5Y2.25%
EBIT growth 1Y-4.49%
EBIT growth 3Y19.71%
EBIT growth 5Y24.08%
EBIT Next Year10.6%
EBIT Next 3Y6.31%
EBIT Next 5Y5.72%
FCF growth 1Y-33.33%
FCF growth 3Y62.82%
FCF growth 5Y37.19%
OCF growth 1Y-29.76%
OCF growth 3Y53.15%
OCF growth 5Y33.59%

AZELIS GROUP NV / AZE.BR FAQ

What is the fundamental rating for AZE stock?

ChartMill assigns a fundamental rating of 4 / 10 to AZE.BR.


Can you provide the valuation status for AZELIS GROUP NV?

ChartMill assigns a valuation rating of 6 / 10 to AZELIS GROUP NV (AZE.BR). This can be considered as Fairly Valued.


What is the profitability of AZE stock?

AZELIS GROUP NV (AZE.BR) has a profitability rating of 5 / 10.


What is the valuation of AZELIS GROUP NV based on its PE and PB ratios?

The Price/Earnings (PE) ratio for AZELIS GROUP NV (AZE.BR) is 13.15 and the Price/Book (PB) ratio is 0.83.


What is the earnings growth outlook for AZELIS GROUP NV?

The Earnings per Share (EPS) of AZELIS GROUP NV (AZE.BR) is expected to decline by -23.99% in the next year.