AZELIS GROUP NV (AZE.BR) Stock Fundamental Analysis

EBR:AZE • BE0974400328

8.8 EUR
-0.25 (-2.76%)
Last: Feb 20, 2026, 03:23 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Overall AZE gets a fundamental rating of 4 out of 10. We evaluated AZE against 18 industry peers in the Trading Companies & Distributors industry. AZE has a medium profitability rating, but doesn't score so well on its financial health evaluation. AZE has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • AZE had positive earnings in the past year.
  • In the past year AZE had a positive cash flow from operations.
  • Each year in the past 5 years AZE has been profitable.
  • Each year in the past 5 years AZE had a positive operating cash flow.
AZE.BR Yearly Net Income VS EBIT VS OCF VS FCFAZE.BR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M 500M

1.2 Ratios

  • AZE has a Return On Assets of 2.99%. This is in the lower half of the industry: AZE underperforms 61.11% of its industry peers.
  • The Return On Equity of AZE (6.38%) is worse than 66.67% of its industry peers.
  • AZE's Return On Invested Capital of 5.89% is in line compared to the rest of the industry. AZE outperforms 44.44% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for AZE is below the industry average of 9.70%.
Industry RankSector 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%
AZE.BR Yearly ROA, ROE, ROICAZE.BR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 0 2 -2 4 -4 6 8

1.3 Margins

  • Looking at the Profit Margin, with a value of 4.01%, AZE is in line with its industry, outperforming 55.56% of the companies in the same industry.
  • AZE's Profit Margin has improved in the last couple of years.
  • AZE has a better Operating Margin (8.61%) than 61.11% of its industry peers.
  • In the last couple of years the Operating Margin of AZE has grown nicely.
  • AZE's Gross Margin of 23.57% is in line compared to the rest of the industry. AZE outperforms 44.44% of its industry peers.
  • In the last couple of years the Gross Margin of AZE has grown nicely.
Industry RankSector 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%
AZE.BR Yearly Profit, Operating, Gross MarginsAZE.BR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 0 5 10 15 20

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

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.
  • Compared to 5 years ago, AZE has more shares outstanding
  • AZE has a worse debt/assets ratio than last year.
AZE.BR Yearly Shares OutstandingAZE.BR Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
AZE.BR Yearly Total Debt VS Total AssetsAZE.BR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

2.2 Solvency

  • Based on the Altman-Z score of 0.75, 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 0.75, AZE is doing worse than 88.89% 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 has a Debt to FCF ratio (6.95) which is comparable to the rest of the industry.
  • A Debt/Equity ratio of 0.65 indicates that AZE is somewhat dependend on debt financing.
  • The Debt to Equity ratio of AZE (0.65) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF 6.95
Altman-Z 0.75
ROIC/WACC0.8
WACC7.32%
AZE.BR Yearly LT Debt VS Equity VS FCFAZE.BR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

2.3 Liquidity

  • AZE has a Current Ratio of 1.68. This is a normal value and indicates that AZE is financially healthy and should not expect problems in meeting its short term obligations.
  • AZE's Current ratio of 1.68 is on the low side compared to the rest of the industry. AZE is outperformed by 72.22% of its industry peers.
  • A Quick Ratio of 1.05 indicates that AZE should not have too much problems paying its short term obligations.
  • AZE has a Quick ratio of 1.05. This is comparable to the rest of the industry: AZE outperforms 44.44% of its industry peers.
Industry RankSector Rank
Current Ratio 1.68
Quick Ratio 1.05
AZE.BR Yearly Current Assets VS Current LiabilitesAZE.BR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • AZE shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -0.43%.
  • The Earnings Per Share has been growing by 29.29% on average over the past years. This is a very strong growth
  • The Revenue has been growing slightly by 1.70% 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)-0.43%
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 3.08% 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 1.53% on average per year.
EPS Next Y-23.99%
EPS Next 2Y-9.22%
EPS Next 3Y-2.92%
EPS Next 5Y3.08%
Revenue Next Year-1.66%
Revenue Next 2Y0.35%
Revenue Next 3Y1.76%
Revenue Next 5Y1.53%

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.
AZE.BR Yearly Revenue VS EstimatesAZE.BR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 1B 2B 3B 4B 5B
AZE.BR Yearly EPS VS EstimatesAZE.BR Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 0.2 0.4 0.6 0.8 1

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6

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 12.75, AZE is valued correctly.
  • 94.44% of the companies in the same industry are more expensive than AZE, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 27.09, AZE is valued rather cheaply.
  • The Price/Forward Earnings ratio is 11.24, which indicates a very decent valuation of AZE.
  • Based on the Price/Forward Earnings ratio, AZE is valued cheaper than 88.89% of the companies in the same industry.
  • AZE's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.98.
Industry RankSector Rank
PE 12.75
Fwd PE 11.24
AZE.BR Price Earnings VS Forward Price EarningsAZE.BR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • AZE's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. AZE is cheaper than 83.33% of the companies in the same industry.
  • 94.44% of the companies in the same industry are more expensive than AZE, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 7.22
EV/EBITDA 7.92
AZE.BR Per share dataAZE.BR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

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)0.44
EPS Next 2Y-9.22%
EPS Next 3Y-2.92%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. Dividend

5.1 Amount

  • AZE has a Yearly Dividend Yield of 1.65%. Purely for dividend investing, there may be better candidates out there.
  • AZE's Dividend Yield is comparable with the industry average which is at 2.02.
  • Compared to an average S&P500 Dividend Yield of 1.85, AZE has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.65%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
AZE.BR Yearly Dividends per shareAZE.BR Yearly Dividends per shareYearly Dividends per share 2022 2023 2024 2025 0.05 0.1 0.15 0.2 0.25

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%
AZE.BR Yearly Income VS Free CF VS DividendAZE.BR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M 500M
AZE.BR Dividend Payout.AZE.BR Dividend Payout, showing the Payout Ratio.AZE.BR Dividend Payout.PayoutRetained Earnings

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AZELIS GROUP NV

EBR:AZE (2/20/2026, 3:23:02 PM)

8.8

-0.25 (-2.76%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryTrading Companies & Distributors
Earnings (Last)10-23
Earnings (Next)02-19
Inst Owners72.58%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap2.15B
Revenue(TTM)4.23B
Net Income(TTM)169.55M
Analysts73
Price Target13.57 (54.2%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.65%
Yearly Dividend0.22
Dividend Growth(5Y)N/A
DP31.26%
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)-15.29%
PT rev (3m)-25.97%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-8.25%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.26%
Valuation
Industry RankSector Rank
PE 12.75
Fwd PE 11.24
P/S 0.51
P/FCF 7.22
P/OCF 6.62
P/B 0.81
P/tB N/A
EV/EBITDA 7.92
EPS(TTM)0.69
EY7.84%
EPS(NY)0.78
Fwd EY8.9%
FCF(TTM)1.22
FCFY13.85%
OCF(TTM)1.33
OCFY15.1%
SpS17.33
BVpS10.89
TBVpS-4.3
PEG (NY)N/A
PEG (5Y)0.44
Graham Number13
Profitability
Industry RankSector Rank
ROA 2.99%
ROE 6.38%
ROCE 7.84%
ROIC 5.89%
ROICexc 6.52%
ROICexgc 55.44%
OM 8.61%
PM (TTM) 4.01%
GM 23.57%
FCFM 7.03%
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%
ROICexgc growth 3Y-2.57%
ROICexgc 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-Score8
Asset Turnover0.75
Health
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF 6.95
Debt/EBITDA 3.6
Cap/Depr 22.93%
Cap/Sales 0.64%
Interest Coverage 3.14
Cash Conversion 67.35%
Profit Quality 175.3%
Current Ratio 1.68
Quick Ratio 1.05
Altman-Z 0.75
F-Score8
WACC7.32%
ROIC/WACC0.8
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)-0.43%
EPS 3Y36.76%
EPS 5Y29.29%
EPS Q2Q%-12.82%
EPS Next Y-23.99%
EPS Next 2Y-9.22%
EPS Next 3Y-2.92%
EPS Next 5Y3.08%
Revenue 1Y (TTM)1.7%
Revenue growth 3Y14.23%
Revenue growth 5Y15%
Sales Q2Q%97.22%
Revenue Next Year-1.66%
Revenue Next 2Y0.35%
Revenue Next 3Y1.76%
Revenue Next 5Y1.53%
EBIT growth 1Y-4.49%
EBIT growth 3Y19.71%
EBIT growth 5Y24.08%
EBIT Next Year10.6%
EBIT Next 3Y6.31%
EBIT Next 5Y3.52%
FCF growth 1Y-33.33%
FCF growth 3Y62.82%
FCF growth 5Y37.19%
OCF growth 1Y-29.76%
OCF growth 3Y53.15%
OCF growth 5Y33.59%

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 12.75 and the Price/Book (PB) ratio is 0.81.


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.