AZELIS GROUP NV (AZE.BR) Stock Fundamental Analysis
EBR:AZE - Euronext Brussels - BE0974400328 - Common Stock - Currency: EUR
We assign a fundamental rating of 5 out of 10 to AZE. AZE was compared to 16 industry peers in the Trading Companies & Distributors industry. While AZE belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. AZE is not valued too expensively and it also shows a decent 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.
In the past 5 years AZE has always 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 3.14%. This is comparable to the rest of the industry: AZE outperforms 56.25% of its industry peers.
AZE has a better Return On Equity (6.28%) than 62.50% of its industry peers.
AZE's Return On Invested Capital of 5.90% is fine compared to the rest of the industry. AZE outperforms 62.50% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AZE is in line with the industry average of 7.87%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.14% | ||
| ROE | 6.28% | ||
| ROIC | 5.9% |
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
Looking at the Profit Margin, with a value of 4.29%, AZE belongs to the top of the industry, outperforming 81.25% of the companies in the same industry.
AZE's Profit Margin has improved in the last couple of years.
AZE has a Operating Margin of 9.23%. This is amongst the best in the industry. AZE outperforms 93.75% of its industry peers.
In the last couple of years the Operating Margin of AZE has grown nicely.
With a decent Gross Margin value of 23.90%, AZE is doing good in the industry, outperforming 68.75% 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 | 9.23% | ||
| PM (TTM) | 4.29% | ||
| GM | 23.9% |
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
AZE has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for AZE remains at a similar level compared to 1 year ago.
AZE has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, AZE has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.05, we must say that AZE is in the distress zone and has some risk of bankruptcy.
AZE has a worse Altman-Z score (1.05) than 87.50% of its industry peers.
The Debt to FCF ratio of AZE is 5.97, which is a neutral value as it means it would take AZE, 5.97 years of fcf income to pay off all of its debts.
AZE has a better Debt to FCF ratio (5.97) than 81.25% 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.
AZE has a Debt to Equity ratio (0.61) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | 5.97 | ||
| Altman-Z | 1.05 |
ROIC/WACC0.87
WACC6.81%
2.3 Liquidity
A Current Ratio of 1.93 indicates that AZE should not have too much problems paying its short term obligations.
AZE has a Current ratio (1.93) which is in line with its industry peers.
A Quick Ratio of 1.11 indicates that AZE should not have too much problems paying 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 slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -0.23%.
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 1.49% in the past 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)-0.23%
EPS 3Y36.76%
EPS 5Y29.29%
EPS Q2Q%15.94%
Revenue 1Y (TTM)1.49%
Revenue growth 3Y14.23%
Revenue growth 5Y15%
Sales Q2Q%2.85%
3.2 Future
The Earnings Per Share is expected to grow by 9.56% on average over the next years. This is quite good.
The Revenue is expected to grow by 4.00% on average over the next years.
EPS Next Y14.46%
EPS Next 2Y13.14%
EPS Next 3Y11.12%
EPS Next 5Y9.56%
Revenue Next Year4.03%
Revenue Next 2Y4.64%
Revenue Next 3Y4.56%
Revenue Next 5Y4%
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.
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 17.68, the valuation of AZE can be described as rather expensive.
Based on the Price/Earnings ratio, AZE is valued a bit cheaper than the industry average as 68.75% of the companies are valued more expensively.
AZE is valuated rather cheaply when we compare the Price/Earnings ratio to 26.34, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 12.03, AZE is valued correctly.
AZE's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. AZE is cheaper than 68.75% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.19, AZE is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.68 | ||
| Fwd PE | 12.03 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AZE indicates a somewhat cheap valuation: AZE is cheaper than 62.50% of the companies listed in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as AZE.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.32 | ||
| EV/EBITDA | 9.42 |
4.3 Compensation for Growth
AZE's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of AZE may justify a higher PE ratio.
PEG (NY)1.22
PEG (5Y)0.6
EPS Next 2Y13.14%
EPS Next 3Y11.12%
5. Dividend
5.1 Amount
AZE has a Yearly Dividend Yield of 1.16%.
In the last 3 months the price of AZE has falen by -26.95%. 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 2.75.
With a Dividend Yield of 1.16, AZE pays less dividend than the S&P500 average, which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.16% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
AZE pays out 29.50% of its income as dividend. This is a sustainable payout ratio.
DP29.5%
EPS Next 2Y13.14%
EPS Next 3Y11.12%
EBR:AZE (6/18/2025, 7:00:00 PM)
13.08
-0.15 (-1.13%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryTrading Companies & Distributors
Earnings (Last)
Earnings (Next)
Inst Owners56.37%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap3.19B
Analysts83
Price Target22.77 (74.08%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.16% |
Yearly Dividend0.22
Dividend Growth(5Y)N/A
DP29.5%
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)-4.74%
PT rev (3m)-12.2%
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)0%
Revenue NY rev (3m)-2.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.68 | ||
| Fwd PE | 12.03 | ||
| P/S | 0.76 | ||
| P/FCF | 10.32 | ||
| P/OCF | 9.88 | ||
| P/B | 1.11 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.42 |
EPS(TTM)0.74
EY5.66%
EPS(NY)1.09
Fwd EY8.31%
FCF(TTM)1.27
FCFY9.69%
OCF(TTM)1.32
OCFY10.12%
SpS17.28
BVpS11.79
TBVpS-4.31
PEG (NY)1.22
PEG (5Y)0.6
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.14% | ||
| ROE | 6.28% | ||
| ROCE | 7.87% | ||
| ROIC | 5.9% | ||
| ROICexc | 6.29% | ||
| ROICexgc | 40.13% | ||
| OM | 9.23% | ||
| PM (TTM) | 4.29% | ||
| GM | 23.9% | ||
| FCFM | 7.33% |
ROA(3y)3.54%
ROA(5y)2.94%
ROE(3y)7.36%
ROE(5y)6.19%
ROIC(3y)6.56%
ROIC(5y)5.87%
ROICexc(3y)7.11%
ROICexc(5y)6.31%
ROICexgc(3y)61.38%
ROICexgc(5y)55.63%
ROCE(3y)8.76%
ROCE(5y)7.85%
ROICexcg growth 3Y-2.57%
ROICexcg growth 5Y-2.01%
ROICexc growth 3Y5.64%
ROICexc growth 5Y8.86%
OM growth 3Y4.8%
OM growth 5Y7.9%
PM growth 3Y21.4%
PM growth 5Y13.37%
GM growth 3Y1.74%
GM growth 5Y2.88%
F-Score6
Asset Turnover0.73
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | 5.97 | ||
| Debt/EBITDA | 3.51 | ||
| Cap/Depr | 12.08% | ||
| Cap/Sales | 0.33% | ||
| Interest Coverage | 3.18 | ||
| Cash Conversion | 64.07% | ||
| Profit Quality | 171.04% | ||
| Current Ratio | 1.93 | ||
| Quick Ratio | 1.11 | ||
| Altman-Z | 1.05 |
F-Score6
WACC6.81%
ROIC/WACC0.87
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)-0.23%
EPS 3Y36.76%
EPS 5Y29.29%
EPS Q2Q%15.94%
EPS Next Y14.46%
EPS Next 2Y13.14%
EPS Next 3Y11.12%
EPS Next 5Y9.56%
Revenue 1Y (TTM)1.49%
Revenue growth 3Y14.23%
Revenue growth 5Y15%
Sales Q2Q%2.85%
Revenue Next Year4.03%
Revenue Next 2Y4.64%
Revenue Next 3Y4.56%
Revenue Next 5Y4%
EBIT growth 1Y-0.91%
EBIT growth 3Y19.71%
EBIT growth 5Y24.08%
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%