AZIMUT HOLDING SPA (AZM.MI) Fundamental Analysis & Valuation

BIT:AZM • IT0003261697

Current stock price

32.38 EUR
+0.7 (+2.21%)
Last:

This AZM.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. AZM.MI Profitability Analysis

1.1 Basic Checks

  • AZM had positive earnings in the past year.
  • AZM had a positive operating cash flow in the past year.
  • Each year in the past 5 years AZM has been profitable.
  • In multiple years AZM reported negative operating cash flow during the last 5 years.
AZM.MI Yearly Net Income VS EBIT VS OCF VS FCFAZM.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M 600M 800M

1.2 Ratios

  • AZM has a Return On Assets of 7.39%. This is amongst the best in the industry. AZM outperforms 83.33% of its industry peers.
  • AZM's Return On Equity of 38.54% is amongst the best of the industry. AZM outperforms 95.61% of its industry peers.
  • The Return On Invested Capital of AZM (7.55%) is better than 78.95% of its industry peers.
Industry RankSector Rank
ROA 7.39%
ROE 38.54%
ROIC 7.55%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
AZM.MI Yearly ROA, ROE, ROICAZM.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

1.3 Margins

  • Looking at the Profit Margin, with a value of 35.96%, AZM belongs to the top of the industry, outperforming 82.46% of the companies in the same industry.
  • In the last couple of years the Profit Margin of AZM has remained more or less at the same level.
  • AZM has a Operating Margin of 46.95%. This is amongst the best in the industry. AZM outperforms 84.21% of its industry peers.
  • In the last couple of years the Operating Margin of AZM has grown nicely.
  • With a decent Gross Margin value of 72.84%, AZM is doing good in the industry, outperforming 74.56% of the companies in the same industry.
  • In the last couple of years the Gross Margin of AZM has remained more or less at the same level.
Industry RankSector Rank
OM 46.95%
PM (TTM) 35.96%
GM 72.84%
OM growth 3Y3.53%
OM growth 5Y2.13%
PM growth 3Y4.4%
PM growth 5Y-0.28%
GM growth 3Y1.01%
GM growth 5Y0.93%
AZM.MI Yearly Profit, Operating, Gross MarginsAZM.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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7

2. AZM.MI Health Analysis

2.1 Basic Checks

  • There is no outstanding debt for AZM. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
AZM.MI Yearly Shares OutstandingAZM.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M
AZM.MI Yearly Total Debt VS Total AssetsAZM.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B

2.2 Solvency

  • Based on the Altman-Z score of 1.15, we must say that AZM is in the distress zone and has some risk of bankruptcy.
  • AZM has a Altman-Z score of 1.15. This is in the better half of the industry: AZM outperforms 62.28% of its industry peers.
  • AZM has a debt to FCF ratio of 0.13. This is a very positive value and a sign of high solvency as it would only need 0.13 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 0.13, AZM belongs to the top of the industry, outperforming 97.37% of the companies in the same industry.
  • A Debt/Equity ratio of 0.03 indicates that AZM is not too dependend on debt financing.
  • With an excellent Debt to Equity ratio value of 0.03, AZM belongs to the best of the industry, outperforming 87.72% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.13
Altman-Z 1.15
ROIC/WACCN/A
WACCN/A
AZM.MI Yearly LT Debt VS Equity VS FCFAZM.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B

2.3 Liquidity

  • AZM has a Current Ratio of 17.60. This indicates that AZM is financially healthy and has no problem in meeting its short term obligations.
  • The Current ratio of AZM (17.60) is better than 97.37% of its industry peers.
  • AZM has a Quick Ratio of 17.60. This indicates that AZM is financially healthy and has no problem in meeting its short term obligations.
  • AZM's Quick ratio of 17.60 is amongst the best of the industry. AZM outperforms 97.37% of its industry peers.
Industry RankSector Rank
Current Ratio 17.6
Quick Ratio 17.6
AZM.MI Yearly Current Assets VS Current LiabilitesAZM.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M

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

4

3. AZM.MI Growth Analysis

3.1 Past

  • The earnings per share for AZM have decreased by -7.44% in the last year.
  • AZM shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.97% yearly.
  • The Revenue has been growing slightly by 4.05% in the past year.
  • The Revenue has been growing slightly by 6.91% on average over the past years.
EPS 1Y (TTM)-7.44%
EPS 3Y6.12%
EPS 5Y4.97%
EPS Q2Q%1.12%
Revenue 1Y (TTM)4.05%
Revenue growth 3Y4.36%
Revenue growth 5Y6.91%
Sales Q2Q%88.08%

3.2 Future

  • The Earnings Per Share is expected to grow by 8.66% on average over the next years. This is quite good.
  • AZM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.94% yearly.
EPS Next Y25.85%
EPS Next 2Y7.56%
EPS Next 3Y5.47%
EPS Next 5Y8.66%
Revenue Next Year4.34%
Revenue Next 2Y5.12%
Revenue Next 3Y4.94%
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 accelerating.
  • 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.
AZM.MI Yearly Revenue VS EstimatesAZM.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B
AZM.MI Yearly EPS VS EstimatesAZM.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3 4

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9

4. AZM.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • AZM is valuated cheaply with a Price/Earnings ratio of 6.06.
  • Compared to the rest of the industry, the Price/Earnings ratio of AZM indicates a rather cheap valuation: AZM is cheaper than 93.86% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of AZM to the average of the S&P500 Index (25.54), we can say AZM is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 8.06, the valuation of AZM can be described as very reasonable.
  • Based on the Price/Forward Earnings ratio, AZM is valued cheaper than 93.86% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.70, AZM is valued rather cheaply.
Industry RankSector Rank
PE 6.06
Fwd PE 8.06
AZM.MI Price Earnings VS Forward Price EarningsAZM.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AZM indicates a rather cheap valuation: AZM is cheaper than 93.86% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, AZM is valued cheaper than 92.11% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.38
EV/EBITDA 3.88
AZM.MI Per share dataAZM.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

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.
  • AZM has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.23
PEG (5Y)1.22
EPS Next 2Y7.56%
EPS Next 3Y5.47%

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

6

5. AZM.MI Dividend Analysis

5.1 Amount

  • AZM has a Yearly Dividend Yield of 6.19%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.25, AZM pays a better dividend. On top of this AZM pays more dividend than 90.35% of the companies listed in the same industry.
  • AZM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 6.19%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 42.06% of the earnings are spent on dividend by AZM. This is a bit on the high side, but may be sustainable.
DP42.06%
EPS Next 2Y7.56%
EPS Next 3Y5.47%
AZM.MI Yearly Income VS Free CF VS DividendAZM.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M 600M 800M
AZM.MI Dividend Payout.AZM.MI Dividend Payout, showing the Payout Ratio.AZM.MI Dividend Payout.PayoutRetained Earnings

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AZM.MI Fundamentals: All Metrics, Ratios and Statistics

AZIMUT HOLDING SPA

BIT:AZM (3/23/2026, 7:00:00 PM)

32.38

+0.7 (+2.21%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)03-05
Earnings (Next)05-07
Inst Owners31.38%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap4.64B
Revenue(TTM)2.19B
Net Income(TTM)787.44M
Analysts71.67
Price Target36.9 (13.96%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.19%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP42.06%
Div Incr Years0
Div Non Decr Years0
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)0%
PT rev (3m)3.58%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-28.3%
EPS NY rev (3m)-20.89%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.74%
Valuation
Industry RankSector Rank
PE 6.06
Fwd PE 8.06
P/S 2.12
P/FCF 8.38
P/OCF 7.55
P/B 2.27
P/tB 3.41
EV/EBITDA 3.88
EPS(TTM)5.34
EY16.49%
EPS(NY)4.02
Fwd EY12.4%
FCF(TTM)3.87
FCFY11.94%
OCF(TTM)4.29
OCFY13.24%
SpS15.29
BVpS14.26
TBVpS9.49
PEG (NY)0.23
PEG (5Y)1.22
Graham Number41.4
Profitability
Industry RankSector Rank
ROA 7.39%
ROE 38.54%
ROCE 9.68%
ROIC 7.55%
ROICexc 7.92%
ROICexgc 8.9%
OM 46.95%
PM (TTM) 35.96%
GM 72.84%
FCFM 25.29%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y3.53%
OM growth 5Y2.13%
PM growth 3Y4.4%
PM growth 5Y-0.28%
GM growth 3Y1.01%
GM growth 5Y0.93%
F-Score4
Asset Turnover0.21
Health
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.13
Debt/EBITDA 0.07
Cap/Depr 189.08%
Cap/Sales 2.76%
Interest Coverage 250
Cash Conversion 57.94%
Profit Quality 70.33%
Current Ratio 17.6
Quick Ratio 17.6
Altman-Z 1.15
F-Score4
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)156.76%
Cap/Depr(5y)149.96%
Cap/Sales(3y)3.84%
Cap/Sales(5y)3.74%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-7.44%
EPS 3Y6.12%
EPS 5Y4.97%
EPS Q2Q%1.12%
EPS Next Y25.85%
EPS Next 2Y7.56%
EPS Next 3Y5.47%
EPS Next 5Y8.66%
Revenue 1Y (TTM)4.05%
Revenue growth 3Y4.36%
Revenue growth 5Y6.91%
Sales Q2Q%88.08%
Revenue Next Year4.34%
Revenue Next 2Y5.12%
Revenue Next 3Y4.94%
Revenue Next 5YN/A
EBIT growth 1Y4.74%
EBIT growth 3Y8.04%
EBIT growth 5Y9.18%
EBIT Next Year5.47%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y325.13%
FCF growth 3YN/A
FCF growth 5Y16.94%
OCF growth 1Y411.02%
OCF growth 3YN/A
OCF growth 5Y16.33%

AZIMUT HOLDING SPA / AZM.MI Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for AZIMUT HOLDING SPA?

ChartMill assigns a fundamental rating of 7 / 10 to AZM.MI.


What is the valuation status of AZIMUT HOLDING SPA (AZM.MI) stock?

ChartMill assigns a valuation rating of 9 / 10 to AZIMUT HOLDING SPA (AZM.MI). This can be considered as Undervalued.


What is the profitability of AZM stock?

AZIMUT HOLDING SPA (AZM.MI) has a profitability rating of 7 / 10.


What is the financial health of AZIMUT HOLDING SPA (AZM.MI) stock?

The financial health rating of AZIMUT HOLDING SPA (AZM.MI) is 7 / 10.


Can you provide the expected EPS growth for AZM stock?

The Earnings per Share (EPS) of AZIMUT HOLDING SPA (AZM.MI) is expected to grow by 25.85% in the next year.