AZELIS GROUP NV (AZE.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:AZE - BE0974400328 - Common Stock
8.33 EUR
+0.31 (+3.87%)
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 decent growth rate and is not valued too expensively.
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.
- Each year in the past 5 years AZE has been profitable.
- In the past 5 years AZE always reported a positive cash flow from operatings.
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.
- AZE's Return On Equity of 6.38% is on the low side compared to the rest of the industry. AZE is outperformed by 65.00% of its industry peers.
- AZE has a Return On Invested Capital of 5.89%. This is comparable to the rest of the industry: AZE outperforms 45.00% of 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 has a Profit Margin of 4.01%. This is comparable to the rest of the industry: AZE outperforms 55.00% of its industry peers.
- AZE's Profit Margin has improved in the last couple of years.
- 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.
- With a Gross Margin value of 23.57%, AZE perfoms like the industry average, outperforming 45.00% 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 | 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
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AZE is destroying value.
- The number of shares outstanding for AZE remains at a similar level compared to 1 year ago.
- The number of shares outstanding for AZE has been increased compared to 5 years ago.
- Compared to 1 year ago, AZE has a worse debt to assets ratio.
2.2 Solvency
- AZE has an Altman-Z score of 0.70. This is a bad value and indicates that AZE is not financially healthy and even has some risk of bankruptcy.
- AZE's Altman-Z score of 0.70 is on the low side compared to the rest of the industry. AZE is outperformed by 85.00% 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 of 6.95. This is comparable 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.
- With a Debt to Equity ratio value of 0.65, AZE perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 6.95 | ||
| Altman-Z | 0.7 |
ROIC/WACC0.79
WACC7.49%
2.3 Liquidity
- A Current Ratio of 1.68 indicates that AZE should not have too much problems paying its short term obligations.
- Looking at the Current ratio, with a value of 1.68, AZE is doing worse than 70.00% of the companies in the same industry.
- A Quick Ratio of 1.05 indicates that AZE should not have too much problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 1.05, AZE is in line with its industry, 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.
- AZE shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 29.29% yearly.
- The Revenue has been growing slightly by 1.70% in the past year.
- The Revenue has been growing by 15.00% on average over the past years. This is quite good.
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
- AZE is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.04% yearly.
- AZE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.25% yearly.
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
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- 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
- The Price/Earnings ratio is 12.07, which indicates a correct valuation of AZE.
- Compared to the rest of the industry, the Price/Earnings ratio of AZE indicates a rather cheap valuation: AZE is cheaper than 95.00% of the companies listed in the same industry.
- The average S&P500 Price/Earnings ratio is at 28.82. AZE is valued rather cheaply when compared to this.
- The Price/Forward Earnings ratio is 10.64, which indicates a very decent valuation of AZE.
- AZE's Price/Forward Earnings ratio is rather cheap when compared to the industry. AZE is cheaper than 90.00% of the companies in the same industry.
- AZE is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.95, 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.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of AZE indicates a rather cheap valuation: AZE is cheaper than 95.00% of the companies listed in the same industry.
| 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.
- In the last 3 months the price of AZE has falen by -21.76%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
- AZE's Dividend Yield is comparable with the industry average which is at 1.98.
- 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
- 31.26% of the earnings are spent on dividend by AZE. This is a low number and 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 7 / 10 to AZELIS GROUP NV (AZE.BR). This can be considered as Undervalued.
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.