AZELIS GROUP NV (AZE.BR) Stock Fundamental Analysis
EBR:AZE - Euronext Brussels - BE0974400328 - Common Stock - Currency: EUR
Overall AZE gets a fundamental rating of 6 out of 10. We evaluated AZE against 16 industry peers in the Trading Companies & Distributors industry. AZE has an excellent profitability rating, but there are some minor concerns on its financial health. AZE has a decent growth rate and is not valued too expensively.
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.
AZE had positive earnings in each of the past 5 years.
In the past 5 years AZE always reported a positive cash flow from operatings.
1.2 Ratios
AZE's Return On Assets of 4.78% is fine compared to the rest of the industry. AZE outperforms 75.00% of its industry peers.
AZE's Return On Equity of 9.58% is fine compared to the rest of the industry. AZE outperforms 68.75% of its industry peers.
With an excellent Return On Invested Capital value of 9.14%, AZE belongs to the best of the industry, outperforming 87.50% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for AZE is below the industry average of 8.95%.
The 3 year average ROIC (6.54%) for AZE is below the current ROIC(9.14%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.78% | ||
| ROE | 9.58% | ||
| ROIC | 9.14% |
ROA(3y)3.54%
ROA(5y)2.94%
ROE(3y)7.36%
ROE(5y)6.19%
ROIC(3y)6.54%
ROIC(5y)5.86%
1.3 Margins
AZE has a Profit Margin of 4.33%. This is amongst the best in the industry. AZE outperforms 87.50% of its industry peers.
AZE's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 9.47%, AZE belongs to the best of the industry, outperforming 93.75% of the companies in the same industry.
AZE's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 23.91%, AZE is in the better half of the industry, outperforming 75.00% 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 | 9.47% | ||
| PM (TTM) | 4.33% | ||
| GM | 23.91% |
OM growth 3Y4.51%
OM growth 5Y7.72%
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 just above the Cost of Capital (WACC), so AZE is still creating some 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.
2.2 Solvency
AZE has an Altman-Z score of 1.60. This is a bad value and indicates that AZE is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of AZE (1.60) is worse than 87.50% of its industry peers.
AZE has a debt to FCF ratio of 5.97. This is a neutral value as AZE would need 5.97 years to pay back of all of its debts.
The Debt to FCF ratio of AZE (5.97) is better than 87.50% of its industry peers.
AZE has a Debt/Equity ratio of 0.61. This is a neutral value indicating AZE is somewhat dependend on debt financing.
The Debt to Equity ratio of AZE (0.61) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | 5.97 | ||
| Altman-Z | 1.6 |
ROIC/WACC1.33
WACC6.86%
2.3 Liquidity
AZE has a Current Ratio of 1.93. This is a normal value and indicates that AZE is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of AZE (1.93) is comparable to the rest of the industry.
AZE has a Quick Ratio of 1.11. This is a normal value and indicates that AZE is financially healthy and should not expect problems in meeting its short term obligations.
AZE has a Quick ratio (1.11) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.93 | ||
| Quick Ratio | 1.11 |
3. Growth
3.1 Past
AZE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 52.09%, which is quite impressive.
Measured over the past years, AZE shows a very strong growth in Earnings Per Share. The EPS has been growing by 29.24% on average per year.
Looking at the last year, AZE shows a very strong growth in Revenue. The Revenue has grown by 53.16%.
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)52.09%
EPS 3Y36.68%
EPS 5Y29.24%
EPS Q2Q%144.22%
Revenue 1Y (TTM)53.16%
Revenue growth 3Y14.23%
Revenue growth 5Y15%
Sales Q2Q%109.55%
3.2 Future
AZE is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.81% yearly.
The Revenue is expected to grow by 3.83% on average over the next years.
EPS Next Y14.46%
EPS Next 2Y13.14%
EPS Next 3Y11.12%
EPS Next 5Y11.81%
Revenue Next Year4.03%
Revenue Next 2Y4.64%
Revenue Next 3Y4.56%
Revenue Next 5Y3.83%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past 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
AZE is valuated correctly with a Price/Earnings ratio of 12.63.
Compared to the rest of the industry, the Price/Earnings ratio of AZE indicates a rather cheap valuation: AZE is cheaper than 81.25% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.82, AZE is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 13.12, the valuation of AZE can be described as correct.
Based on the Price/Forward Earnings ratio, AZE is valued a bit cheaper than the industry average as 68.75% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 21.76. AZE is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.63 | ||
| Fwd PE | 13.12 |
4.2 Price Multiples
87.50% of the companies in the same industry are more expensive than AZE, based on the Enterprise Value to EBITDA ratio.
AZE's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.26 | ||
| EV/EBITDA | 6.97 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
AZE has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)0.87
PEG (5Y)0.43
EPS Next 2Y13.14%
EPS Next 3Y11.12%
5. Dividend
5.1 Amount
AZE has a Yearly Dividend Yield of 1.09%. Purely for dividend investing, there may be better candidates out there.
The stock price of AZE dropped by -30.12% 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 2.64, AZE has a dividend in line with its industry peers.
With a Dividend Yield of 1.09, AZE pays less dividend than the S&P500 average, which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.09% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
AZE pays out 19.35% of its income as dividend. This is a sustainable payout ratio.
DP19.35%
EPS Next 2Y13.14%
EPS Next 3Y11.12%
EBR:AZE (5/23/2025, 7:00:00 PM)
14.27
-0.13 (-0.9%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryTrading Companies & Distributors
Earnings (Last)
Earnings (Next)
Inst Owners47.61%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap3.48B
Analysts82.86
Price Target23.9 (67.48%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.09% |
Yearly Dividend0.22
Dividend Growth(5Y)N/A
DP19.35%
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)-7.51%
PT rev (3m)-7.46%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-4.77%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.22%
Revenue NY rev (3m)-1.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.63 | ||
| Fwd PE | 13.12 | ||
| P/S | 0.55 | ||
| P/FCF | 11.26 | ||
| P/OCF | 10.78 | ||
| P/B | 1.21 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.97 |
EPS(TTM)1.13
EY7.92%
EPS(NY)1.09
Fwd EY7.62%
FCF(TTM)1.27
FCFY8.88%
OCF(TTM)1.32
OCFY9.28%
SpS26.07
BVpS11.79
TBVpS-4.31
PEG (NY)0.87
PEG (5Y)0.43
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.78% | ||
| ROE | 9.58% | ||
| ROCE | 12.18% | ||
| ROIC | 9.14% | ||
| ROICexc | 9.73% | ||
| ROICexgc | 62.11% | ||
| OM | 9.47% | ||
| PM (TTM) | 4.33% | ||
| GM | 23.91% | ||
| FCFM | 4.86% |
ROA(3y)3.54%
ROA(5y)2.94%
ROE(3y)7.36%
ROE(5y)6.19%
ROIC(3y)6.54%
ROIC(5y)5.86%
ROICexc(3y)7.09%
ROICexc(5y)6.3%
ROICexgc(3y)61.27%
ROICexgc(5y)55.57%
ROCE(3y)8.74%
ROCE(5y)7.84%
ROICexcg growth 3Y-2.83%
ROICexcg growth 5Y-2.17%
ROICexc growth 3Y5.35%
ROICexc growth 5Y8.68%
OM growth 3Y4.51%
OM growth 5Y7.72%
PM growth 3Y21.4%
PM growth 5Y13.37%
GM growth 3Y1.74%
GM growth 5Y2.88%
F-Score8
Asset Turnover1.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | 5.97 | ||
| Debt/EBITDA | 2.46 | ||
| Cap/Depr | 12.08% | ||
| Cap/Sales | 0.22% | ||
| Interest Coverage | 4.92 | ||
| Cash Conversion | 45.03% | ||
| Profit Quality | 112.18% | ||
| Current Ratio | 1.93 | ||
| Quick Ratio | 1.11 | ||
| Altman-Z | 1.6 |
F-Score8
WACC6.86%
ROIC/WACC1.33
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)52.09%
EPS 3Y36.68%
EPS 5Y29.24%
EPS Q2Q%144.22%
EPS Next Y14.46%
EPS Next 2Y13.14%
EPS Next 3Y11.12%
EPS Next 5Y11.81%
Revenue 1Y (TTM)53.16%
Revenue growth 3Y14.23%
Revenue growth 5Y15%
Sales Q2Q%109.55%
Revenue Next Year4.03%
Revenue Next 2Y4.64%
Revenue Next 3Y4.56%
Revenue Next 5Y3.83%
EBIT growth 1Y53.38%
EBIT growth 3Y19.38%
EBIT growth 5Y23.88%
EBIT Next Year23.73%
EBIT Next 3Y11.73%
EBIT Next 5Y13.43%
FCF growth 1Y-39.35%
FCF growth 3Y62.82%
FCF growth 5Y37.19%
OCF growth 1Y-38.5%
OCF growth 3Y53.15%
OCF growth 5Y33.59%