AZELIS GROUP NV (AZE.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:AZE - BE0974400328 - Common Stock
8.33 EUR
+0.31 (+3.87%)
Taking everything into account, AZE scores 4 out of 10 in our fundamental rating. AZE was compared to 20 industry peers in the Trading Companies & Distributors industry. There are concerns on the financial health of AZE while its profitability can be described as average. AZE has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
- In the past year AZE was profitable.
- In the past year AZE had a positive cash flow from operations.
- Each year in the past 5 years AZE has been profitable.
- AZE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- AZE has a Return On Assets of 2.99%. This is in the lower half of the industry: AZE underperforms 60.00% of its industry peers.
- Looking at the Return On Equity, with a value of 6.38%, AZE is doing worse than 65.00% of the companies in the same industry.
- AZE has a Return On Invested Capital (5.89%) which is in line with its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for AZE is below the industry average of 10.86%.
| Industry Rank | Sector 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%
1.3 Margins
- AZE's Profit Margin of 4.01% is in line compared to the rest of the industry. AZE outperforms 55.00% of its industry peers.
- In the last couple of years the Profit Margin of AZE has grown nicely.
- AZE has a Operating Margin (8.61%) which is in line with its industry peers.
- In the last couple of years the Operating Margin of AZE has grown nicely.
- AZE has a Gross Margin (23.57%) which is comparable to the rest of the industry.
- In the last couple of years the Gross Margin of AZE has grown nicely.
| Industry Rank | Sector 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%
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.
2.2 Solvency
- Based on the Altman-Z score of 0.70, we must say that AZE is in the distress zone and has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 0.70, AZE is doing worse than 85.00% of the companies in the same industry.
- 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's Debt to FCF ratio of 6.95 is in line compared to the rest of the industry. AZE outperforms 55.00% of its industry peers.
- 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 of 0.65. This is comparable to the rest of the industry: AZE outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 6.95 | ||
| Altman-Z | 0.7 |
ROIC/WACC0.79
WACC7.48%
2.3 Liquidity
- A Current Ratio of 1.68 indicates that AZE should not have too much problems paying its short term obligations.
- With a Current ratio value of 1.68, AZE is not doing good in the industry: 70.00% of the companies in the same industry are doing better.
- AZE has a Quick Ratio of 1.05. This is a normal value and indicates that AZE is financially healthy and should not expect problems in meeting its short term obligations.
- With a Quick ratio value of 1.05, AZE perfoms like the industry average, outperforming 45.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.68 | ||
| Quick Ratio | 1.05 |
3. Growth
3.1 Past
- The earnings per share for AZE have decreased by -0.43% in the last year.
- The Earnings Per Share has been growing by 29.29% on average over the past years. This is a very strong growth
- Looking at the last year, AZE shows a small growth in Revenue. The Revenue has grown by 1.70% in the last year.
- 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.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 12.07, the valuation of AZE can be described as correct.
- Based on the Price/Earnings ratio, AZE is valued cheaper than 95.00% of the companies in the same industry.
- AZE's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.60.
- The Price/Forward Earnings ratio is 10.64, which indicates a very decent valuation of AZE.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of AZE indicates a rather cheap valuation: AZE is cheaper than 90.00% of the companies listed in the same industry.
- AZE is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.83, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.07 | ||
| Fwd PE | 10.64 |
4.2 Price Multiples
- 90.00% of the companies in the same industry are more expensive than AZE, based on the Enterprise Value to EBITDA ratio.
- Based on the Price/Free Cash Flow ratio, AZE is valued cheaply inside the industry as 95.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.84 | ||
| EV/EBITDA | 7.39 |
4.3 Compensation for Growth
- AZE's earnings are expected to decrease with -2.92% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.41
EPS Next 2Y-9.22%
EPS Next 3Y-2.92%
5. Dividend
5.1 Amount
- AZE has a Yearly Dividend Yield of 1.91%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 1.98, AZE has a dividend in line with its industry peers.
- AZE's Dividend Yield is comparable with the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.91% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
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%
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 12.07 and the Price/Book (PB) ratio is 0.77.
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.