AZIMUT HOLDING SPA (AZM.MI) Stock Fundamental Analysis
BIT:AZM - Euronext Milan - IT0003261697 - Common Stock - Currency: EUR
We assign a fundamental rating of 7 out of 10 to AZM. AZM was compared to 105 industry peers in the Capital Markets industry. AZM gets an excellent profitability rating and is at the same time showing great financial health properties. AZM is valued quite cheap, while showing a decent growth score. This is a good combination! These ratings would make AZM suitable for value and quality investing!
1. Profitability
1.1 Basic Checks
In the past year AZM was profitable.
In the past year AZM had a positive cash flow from operations.
AZM had positive earnings in each of the past 5 years.
Of the past 5 years AZM 4 years had a positive operating cash flow.
1.2 Ratios
The Return On Assets of AZM (7.14%) is better than 80.88% of its industry peers.
AZM has a Return On Equity of 43.54%. This is amongst the best in the industry. AZM outperforms 97.06% of its industry peers.
AZM has a Return On Invested Capital of 6.57%. This is in the better half of the industry: AZM outperforms 70.59% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AZM is below the industry average of 8.01%.
The last Return On Invested Capital (6.57%) for AZM is above the 3 year average (5.24%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.14% | ||
| ROE | 43.54% | ||
| ROIC | 6.57% |
ROA(3y)4.91%
ROA(5y)4.75%
ROE(3y)35.97%
ROE(5y)40.29%
ROIC(3y)5.24%
ROIC(5y)4.85%
1.3 Margins
AZM's Profit Margin of 36.12% is fine compared to the rest of the industry. AZM outperforms 76.47% of its industry peers.
AZM's Profit Margin has improved in the last couple of years.
AZM's Operating Margin of 44.04% is fine compared to the rest of the industry. AZM outperforms 76.47% of its industry peers.
In the last couple of years the Operating Margin of AZM has grown nicely.
Looking at the Gross Margin, with a value of 74.52%, AZM is in the better half of the industry, outperforming 69.12% of the companies in the same industry.
In the last couple of years the Gross Margin of AZM has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 44.04% | ||
| PM (TTM) | 36.12% | ||
| GM | 74.52% |
OM growth 3Y3.33%
OM growth 5Y16.34%
PM growth 3Y-4.62%
PM growth 5Y13.19%
GM growth 3Y2.54%
GM growth 5Y5.39%
2. Health
2.1 Basic Checks
AZM has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, AZM has more shares outstanding
Compared to 1 year ago, AZM has an improved debt to assets ratio.
2.2 Solvency
AZM has an Altman-Z score of 1.01. This is a bad value and indicates that AZM is not financially healthy and even has some risk of bankruptcy.
AZM has a worse Altman-Z score (1.01) than 66.18% of its industry peers.
AZM has a debt to FCF ratio of 1.15. This is a very positive value and a sign of high solvency as it would only need 1.15 years to pay back of all of its debts.
AZM has a Debt to FCF ratio of 1.15. This is amongst the best in the industry. AZM outperforms 86.76% of its industry peers.
AZM has a Debt/Equity ratio of 0.32. This is a healthy value indicating a solid balance between debt and equity.
AZM has a Debt to Equity ratio of 0.32. This is comparable to the rest of the industry: AZM outperforms 58.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 1.15 | ||
| Altman-Z | 1.01 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
AZM has a Current Ratio of 7.60. This indicates that AZM is financially healthy and has no problem in meeting its short term obligations.
AZM has a better Current ratio (7.60) than 92.65% of its industry peers.
AZM has a Quick Ratio of 7.60. This indicates that AZM is financially healthy and has no problem in meeting its short term obligations.
AZM has a better Quick ratio (7.60) than 92.65% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 7.6 | ||
| Quick Ratio | 7.6 |
3. Growth
3.1 Past
AZM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 18.74%, which is quite good.
The Earnings Per Share has been growing by 28.30% on average over the past years. This is a very strong growth
AZM shows a small growth in Revenue. In the last year, the Revenue has grown by 4.51%.
AZM shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.87% yearly.
EPS 1Y (TTM)18.74%
EPS 3Y4.47%
EPS 5Y28.3%
EPS Q2Q%-0.97%
Revenue 1Y (TTM)4.51%
Revenue growth 3Y9.47%
Revenue growth 5Y13.87%
Sales Q2Q%9.53%
3.2 Future
Based on estimates for the next years, AZM will show a small growth in Earnings Per Share. The EPS will grow by 4.51% on average per year.
The Revenue is expected to grow by 5.96% on average over the next years.
EPS Next Y7.19%
EPS Next 2Y0.53%
EPS Next 3Y4.51%
EPS Next 5YN/A
Revenue Next Year9.71%
Revenue Next 2Y4.89%
Revenue Next 3Y5.96%
Revenue Next 5YN/A
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
With a Price/Earnings ratio of 6.77, the valuation of AZM can be described as very cheap.
92.65% of the companies in the same industry are more expensive than AZM, based on the Price/Earnings ratio.
AZM's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 29.75.
AZM is valuated reasonably with a Price/Forward Earnings ratio of 8.57.
86.76% of the companies in the same industry are more expensive than AZM, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 22.44. AZM is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.77 | ||
| Fwd PE | 8.57 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AZM is valued cheaply inside the industry as 89.71% of the companies are valued more expensively.
AZM's Price/Free Cash Flow ratio is rather cheap when compared to the industry. AZM is cheaper than 86.76% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.59 | ||
| EV/EBITDA | 3.72 |
4.3 Compensation for Growth
AZM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of AZM may justify a higher PE ratio.
PEG (NY)0.94
PEG (5Y)0.24
EPS Next 2Y0.53%
EPS Next 3Y4.51%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.85%, AZM has a reasonable but not impressive dividend return.
AZM's Dividend Yield is a higher than the industry average which is at 5.40.
Compared to an average S&P500 Dividend Yield of 2.30, AZM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.85% |
5.2 History
The dividend of AZM decreases each year by -0.06%.
Dividend Growth(5Y)-0.06%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
24.75% of the earnings are spent on dividend by AZM. This is a low number and sustainable payout ratio.
DP24.75%
EPS Next 2Y0.53%
EPS Next 3Y4.51%
BIT:AZM (3/4/2025, 10:00:32 AM)
25.74
-0.46 (-1.76%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners22.93%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap3.69B
Analysts71.43
Price Target26.79 (4.08%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.85% |
Yearly Dividend1.7
Dividend Growth(5Y)-0.06%
DP24.75%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.32%
Min EPS beat(2)-5.07%
Max EPS beat(2)5.71%
EPS beat(4)2
Avg EPS beat(4)0.97%
Min EPS beat(4)-5.91%
Max EPS beat(4)9.15%
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)1
Avg Revenue beat(2)2.66%
Min Revenue beat(2)-0.12%
Max Revenue beat(2)5.44%
Revenue beat(4)3
Avg Revenue beat(4)4.51%
Min Revenue beat(4)-0.12%
Max Revenue beat(4)9.55%
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)-0.57%
PT rev (3m)-1.26%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-16.4%
EPS NY rev (1m)1.13%
EPS NY rev (3m)-10.16%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.49%
Revenue NY rev (3m)1.26%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.77 | ||
| Fwd PE | 8.57 | ||
| P/S | 1.74 | ||
| P/FCF | 7.59 | ||
| P/OCF | 6.86 | ||
| P/B | 2.1 | ||
| P/tB | 4.32 | ||
| EV/EBITDA | 3.72 |
EPS(TTM)3.8
EY14.76%
EPS(NY)3
Fwd EY11.67%
FCF(TTM)3.39
FCFY13.18%
OCF(TTM)3.75
OCFY14.57%
SpS14.8
BVpS12.27
TBVpS5.96
PEG (NY)0.94
PEG (5Y)0.24
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.14% | ||
| ROE | 43.54% | ||
| ROCE | 8.79% | ||
| ROIC | 6.57% | ||
| ROICexc | 7.04% | ||
| ROICexgc | 8.16% | ||
| OM | 44.04% | ||
| PM (TTM) | 36.12% | ||
| GM | 74.52% | ||
| FCFM | 22.93% |
ROA(3y)4.91%
ROA(5y)4.75%
ROE(3y)35.97%
ROE(5y)40.29%
ROIC(3y)5.24%
ROIC(5y)4.85%
ROICexc(3y)5.48%
ROICexc(5y)4.99%
ROICexgc(3y)6.08%
ROICexgc(5y)5.5%
ROCE(3y)7.01%
ROCE(5y)6.48%
ROICexcg growth 3Y12.08%
ROICexcg growth 5Y27.32%
ROICexc growth 3Y11.09%
ROICexc growth 5Y26.83%
OM growth 3Y3.33%
OM growth 5Y16.34%
PM growth 3Y-4.62%
PM growth 5Y13.19%
GM growth 3Y2.54%
GM growth 5Y5.39%
F-Score5
Asset Turnover0.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 1.15 | ||
| Debt/EBITDA | 0.58 | ||
| Cap/Depr | 146.48% | ||
| Cap/Sales | 2.41% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 55.47% | ||
| Profit Quality | 63.48% | ||
| Current Ratio | 7.6 | ||
| Quick Ratio | 7.6 | ||
| Altman-Z | 1.01 |
F-Score5
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)130.79%
Cap/Depr(5y)176.09%
Cap/Sales(3y)3.58%
Cap/Sales(5y)4.44%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)18.74%
EPS 3Y4.47%
EPS 5Y28.3%
EPS Q2Q%-0.97%
EPS Next Y7.19%
EPS Next 2Y0.53%
EPS Next 3Y4.51%
EPS Next 5YN/A
Revenue 1Y (TTM)4.51%
Revenue growth 3Y9.47%
Revenue growth 5Y13.87%
Sales Q2Q%9.53%
Revenue Next Year9.71%
Revenue Next 2Y4.89%
Revenue Next 3Y5.96%
Revenue Next 5YN/A
EBIT growth 1Y-0.36%
EBIT growth 3Y13.12%
EBIT growth 5Y32.48%
EBIT Next Year11.74%
EBIT Next 3Y6.54%
EBIT Next 5YN/A
FCF growth 1Y158.09%
FCF growth 3Y18.31%
FCF growth 5YN/A
OCF growth 1Y142.78%
OCF growth 3Y17.59%
OCF growth 5YN/A