AZELIS GROUP NV (AZE.BR) Fundamental Analysis & Valuation

EBR:AZE • BE0974400328

Current stock price

7.535 EUR
+0.59 (+8.5%)
Last:

This AZE.BR fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

3

1. AZE.BR Profitability Analysis

1.1 Basic Checks

  • AZE had positive earnings in the past year.
  • In the past year AZE had a positive cash flow from operations.
  • Each year in the past 5 years AZE has been profitable.
  • Each year in the past 5 years AZE had a positive operating cash flow.
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 2025 0 100M 200M 300M 400M 500M

1.2 Ratios

  • The Return On Assets of AZE (2.06%) is worse than 72.22% of its industry peers.
  • AZE's Return On Equity of 4.13% is on the low side compared to the rest of the industry. AZE is outperformed by 72.22% of its industry peers.
  • AZE has a worse Return On Invested Capital (4.64%) than 61.11% of its industry peers.
  • AZE had an Average Return On Invested Capital over the past 3 years of 5.31%. This is significantly below the industry average of 10.82%.
Industry RankSector Rank
ROA 2.06%
ROE 4.13%
ROIC 4.64%
ROA(3y)2.79%
ROA(5y)2.87%
ROE(3y)5.76%
ROE(5y)5.85%
ROIC(3y)5.31%
ROIC(5y)5.49%
AZE.BR Yearly ROA, ROE, ROICAZE.BR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 2025 0 2 -2 4 -4 6 8

1.3 Margins

  • With a Profit Margin value of 2.70%, AZE is not doing good in the industry: 61.11% of the companies in the same industry are doing better.
  • In the last couple of years the Profit Margin of AZE has declined.
  • AZE has a Operating Margin (7.66%) which is in line with its industry peers.
  • In the last couple of years the Operating Margin of AZE has grown nicely.
  • The Gross Margin of AZE (23.03%) is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of AZE has remained more or less at the same level.
Industry RankSector Rank
OM 7.66%
PM (TTM) 2.7%
GM 23.03%
OM growth 3Y-7.47%
OM growth 5Y1.92%
PM growth 3Y-19.52%
PM growth 5Y-3.26%
GM growth 3Y0.05%
GM growth 5Y1.48%
AZE.BR Yearly Profit, Operating, Gross MarginsAZE.BR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15 20

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3

2. AZE.BR Health Analysis

2.1 Basic Checks

  • AZE has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, AZE has about the same amount of shares outstanding.
  • AZE has more shares outstanding than it did 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 2025 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 2025 1B 2B 3B 4B 5B

2.2 Solvency

  • Based on the Altman-Z score of 0.65, we must say that AZE is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of AZE (0.65) is worse than 88.89% of its industry peers.
  • The Debt to FCF ratio of AZE is 4.72, which is a neutral value as it means it would take AZE, 4.72 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 4.72, AZE is in the better half of the industry, outperforming 72.22% of the companies in the same industry.
  • AZE has a Debt/Equity ratio of 0.65. This is a neutral value indicating AZE is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.65, AZE perfoms like the industry average, outperforming 44.44% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF 4.72
Altman-Z 0.65
ROIC/WACC0.66
WACC7.06%
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 2025 500M 1B 1.5B 2B 2.5B

2.3 Liquidity

  • A Current Ratio of 1.95 indicates that AZE should not have too much problems paying its short term obligations.
  • The Current ratio of AZE (1.95) is comparable to the rest of the industry.
  • A Quick Ratio of 1.12 indicates that AZE should not have too much problems paying its short term obligations.
  • With a Quick ratio value of 1.12, AZE perfoms like the industry average, outperforming 55.56% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.95
Quick Ratio 1.12
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 2025 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. AZE.BR Growth Analysis

3.1 Past

  • AZE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -38.72%.
  • AZE shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.49% yearly.
  • AZE shows a decrease in Revenue. In the last year, the revenue decreased by -2.45%.
  • Measured over the past years, AZE shows a quite strong growth in Revenue. The Revenue has been growing by 13.08% on average per year.
EPS 1Y (TTM)-38.72%
EPS 3Y-20.61%
EPS 5Y8.49%
EPS Q2Q%-67.46%
Revenue 1Y (TTM)-2.45%
Revenue growth 3Y0.01%
Revenue growth 5Y13.08%
Sales Q2Q%-5.63%

3.2 Future

  • The Earnings Per Share is expected to grow by 14.31% on average over the next years. This is quite good.
  • Based on estimates for the next years, AZE will show a small growth in Revenue. The Revenue will grow by 5.02% on average per year.
EPS Next Y6.46%
EPS Next 2Y7.92%
EPS Next 3Y9.36%
EPS Next 5Y14.31%
Revenue Next Year-0.5%
Revenue Next 2Y1.6%
Revenue Next 3Y2.54%
Revenue Next 5Y5.02%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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 2033 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 2030 0.2 0.4 0.6 0.8 1

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6

4. AZE.BR Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 16.74 indicates a correct valuation of AZE.
  • AZE's Price/Earnings ratio is rather cheap when compared to the industry. AZE is cheaper than 88.89% of the companies in the same industry.
  • AZE is valuated rather cheaply when we compare the Price/Earnings ratio to 25.23, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 10.26, which indicates a very decent valuation of AZE.
  • Based on the Price/Forward Earnings ratio, AZE is valued cheaply inside the industry as 94.44% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 22.42. AZE is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 16.74
Fwd PE 10.26
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 cheaply inside the industry as 94.44% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, AZE is valued cheaper than 100.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 4.63
EV/EBITDA 7.44
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

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates AZE does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.59
PEG (5Y)1.97
EPS Next 2Y7.92%
EPS Next 3Y9.36%

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

3

5. AZE.BR Dividend Analysis

5.1 Amount

  • AZE has a Yearly Dividend Yield of 2.24%. Purely for dividend investing, there may be better candidates out there.
  • The stock price of AZE dropped by -26.51% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
  • Compared to an average industry Dividend Yield of 1.77, AZE pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.89, AZE has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.24%

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 2026 0.05 0.1 0.15 0.2 0.25

5.3 Sustainability

  • AZE pays out 49.38% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP49.38%
EPS Next 2Y7.92%
EPS Next 3Y9.36%
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 2025 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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AZE.BR Fundamentals: All Metrics, Ratios and Statistics

AZELIS GROUP NV

EBR:AZE (3/23/2026, 5:29:48 PM)

7.535

+0.59 (+8.5%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryTrading Companies & Distributors
Earnings (Last)02-19
Earnings (Next)04-23
Inst Owners71.4%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.84B
Revenue(TTM)4.11B
Net Income(TTM)111.19M
Analysts73
Price Target13.14 (74.39%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.24%
Yearly Dividend0.23
Dividend Growth(5Y)N/A
DP49.38%
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)-3.16%
PT rev (3m)-17.96%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-6.18%
EPS NY rev (3m)-15.32%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-3.3%
Revenue NY rev (3m)-3.3%
Valuation
Industry RankSector Rank
PE 16.74
Fwd PE 10.26
P/S 0.45
P/FCF 4.63
P/OCF 4.36
P/B 0.68
P/tB N/A
EV/EBITDA 7.44
EPS(TTM)0.45
EY5.97%
EPS(NY)0.73
Fwd EY9.75%
FCF(TTM)1.63
FCFY21.59%
OCF(TTM)1.73
OCFY22.94%
SpS16.85
BVpS11.05
TBVpS-4.36
PEG (NY)2.59
PEG (5Y)1.97
Graham Number10.58
Profitability
Industry RankSector Rank
ROA 2.06%
ROE 4.13%
ROCE 6.71%
ROIC 4.64%
ROICexc 4.91%
ROICexgc 31.67%
OM 7.66%
PM (TTM) 2.7%
GM 23.03%
FCFM 9.65%
ROA(3y)2.79%
ROA(5y)2.87%
ROE(3y)5.76%
ROE(5y)5.85%
ROIC(3y)5.31%
ROIC(5y)5.49%
ROICexc(3y)5.75%
ROICexc(5y)5.9%
ROICexgc(3y)45.16%
ROICexgc(5y)48.26%
ROCE(3y)7.68%
ROCE(5y)7.97%
ROICexgc growth 3Y-21.65%
ROICexgc growth 5Y-7.45%
ROICexc growth 3Y-12.47%
ROICexc growth 5Y1.85%
OM growth 3Y-7.47%
OM growth 5Y1.92%
PM growth 3Y-19.52%
PM growth 5Y-3.26%
GM growth 3Y0.05%
GM growth 5Y1.48%
F-Score6
Asset Turnover0.76
Health
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF 4.72
Debt/EBITDA 3.96
Cap/Depr 19.58%
Cap/Sales 0.61%
Interest Coverage 2.85
Cash Conversion 95.35%
Profit Quality 356.82%
Current Ratio 1.95
Quick Ratio 1.12
Altman-Z 0.65
F-Score6
WACC7.06%
ROIC/WACC0.66
Cap/Depr(3y)15.66%
Cap/Depr(5y)19.91%
Cap/Sales(3y)0.44%
Cap/Sales(5y)0.48%
Profit Quality(3y)271.55%
Profit Quality(5y)216.97%
High Growth Momentum
Growth
EPS 1Y (TTM)-38.72%
EPS 3Y-20.61%
EPS 5Y8.49%
EPS Q2Q%-67.46%
EPS Next Y6.46%
EPS Next 2Y7.92%
EPS Next 3Y9.36%
EPS Next 5Y14.31%
Revenue 1Y (TTM)-2.45%
Revenue growth 3Y0.01%
Revenue growth 5Y13.08%
Sales Q2Q%-5.63%
Revenue Next Year-0.5%
Revenue Next 2Y1.6%
Revenue Next 3Y2.54%
Revenue Next 5Y5.02%
EBIT growth 1Y-19.04%
EBIT growth 3Y-7.45%
EBIT growth 5Y15.25%
EBIT Next Year23.76%
EBIT Next 3Y10.5%
EBIT Next 5Y8.06%
FCF growth 1Y28.38%
FCF growth 3Y4.19%
FCF growth 5Y30.47%
OCF growth 1Y30.57%
OCF growth 3Y4.53%
OCF growth 5Y29.22%

AZELIS GROUP NV / AZE.BR Fundamental Analysis 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 4 / 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 16.74 and the Price/Book (PB) ratio is 0.68.


What is the earnings growth outlook for AZELIS GROUP NV?

The Earnings per Share (EPS) of AZELIS GROUP NV (AZE.BR) is expected to grow by 6.46% in the next year.