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AZIMUT HOLDING SPA (AZM.MI) Stock Fundamental Analysis

Europe - BIT:AZM - IT0003261697 - Common Stock

32.12 EUR
-0.15 (-0.46%)
Last: 10/22/2025, 7:00:00 PM
Fundamental Rating

5

Taking everything into account, AZM scores 5 out of 10 in our fundamental rating. AZM was compared to 113 industry peers in the Capital Markets industry. While AZM belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. AZM has a valuation in line with the averages, but it does not seem to be growing. AZM also has an excellent dividend rating. With these ratings, AZM could be worth investigating further for dividend investing!.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

AZM had positive earnings in the past year.
AZM had a negative 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M 600M 800M

1.2 Ratios

The Return On Assets of AZM (7.25%) is better than 85.84% of its industry peers.
AZM's Return On Equity of 40.51% is amongst the best of the industry. AZM outperforms 95.58% of its industry peers.
The Return On Invested Capital of AZM (7.47%) is better than 76.99% of its industry peers.
Industry RankSector Rank
ROA 7.25%
ROE 40.51%
ROIC 7.47%
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

1.3 Margins

With an excellent Profit Margin value of 35.07%, AZM belongs to the best of the industry, outperforming 81.42% of the companies in the same industry.
In the last couple of years the Profit Margin of AZM has grown nicely.
Looking at the Operating Margin, with a value of 47.83%, AZM belongs to the top of the industry, outperforming 85.84% of the companies in the same industry.
AZM's Operating Margin has improved in the last couple of years.
AZM's Gross Margin of 71.83% is fine compared to the rest of the industry. AZM outperforms 75.22% of its industry peers.
AZM's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 47.83%
PM (TTM) 35.07%
GM 71.83%
OM growth 3Y-0.44%
OM growth 5Y1.85%
PM growth 3Y0.71%
PM growth 5Y3.84%
GM growth 3Y-0.13%
GM growth 5Y0.79%
AZM.MI Yearly Profit, Operating, Gross MarginsAZM.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

5

2. Health

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

AZM has an Altman-Z score of 1.16. This is a bad value and indicates that AZM is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.16, AZM is in line with its industry, outperforming 56.64% of the companies in the same industry.
A Debt/Equity ratio of 0.04 indicates that AZM is not too dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.04, AZM belongs to the best of the industry, outperforming 84.07% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF N/A
Altman-Z 1.16
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B 1.5B

2.3 Liquidity

A Current Ratio of 2.89 indicates that AZM has no problem at all paying its short term obligations.
AZM's Current ratio of 2.89 is amongst the best of the industry. AZM outperforms 88.50% of its industry peers.
AZM has a Quick Ratio of 2.89. This indicates that AZM is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 2.89, AZM belongs to the best of the industry, outperforming 89.38% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.89
Quick Ratio 2.89
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

2

3. Growth

3.1 Past

The earnings per share for AZM have decreased by -7.17% in the last year.
Measured over the past years, AZM shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.13% on average per year.
The Revenue has decreased by -1.16% in the past year.
Measured over the past years, AZM shows a small growth in Revenue. The Revenue has been growing by 5.22% on average per year.
EPS 1Y (TTM)-7.17%
EPS 3Y-1.96%
EPS 5Y9.13%
EPS Q2Q%-26.84%
Revenue 1Y (TTM)-1.16%
Revenue growth 3Y-2.33%
Revenue growth 5Y5.22%
Sales Q2Q%96.34%

3.2 Future

Based on estimates for the next years, AZM will show a decrease in Earnings Per Share. The EPS will decrease by -6.43% on average per year.
Based on estimates for the next years, AZM will show a small growth in Revenue. The Revenue will grow by 0.54% on average per year.
EPS Next Y3.41%
EPS Next 2Y-13.38%
EPS Next 3Y-6.08%
EPS Next 5Y-6.43%
Revenue Next Year-7.34%
Revenue Next 2Y0.21%
Revenue Next 3Y2.56%
Revenue Next 5Y0.54%

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.
AZM.MI Yearly Revenue VS EstimatesAZM.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3 4

6

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 7.80 indicates a rather cheap valuation of AZM.
92.04% of the companies in the same industry are more expensive than AZM, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.57, AZM is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 10.40, the valuation of AZM can be described as reasonable.
Based on the Price/Forward Earnings ratio, AZM is valued cheaper than 86.73% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.09, AZM is valued rather cheaply.
Industry RankSector Rank
PE 7.8
Fwd PE 10.4
AZM.MI Price Earnings VS Forward Price EarningsAZM.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

92.92% of the companies in the same industry are more expensive than AZM, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 4.22
AZM.MI Per share dataAZM.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates AZM does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of AZM may justify a higher PE ratio.
A cheap valuation may be justified as AZM's earnings are expected to decrease with -6.08% in the coming years.
PEG (NY)2.29
PEG (5Y)0.85
EPS Next 2Y-13.38%
EPS Next 3Y-6.08%

7

5. Dividend

5.1 Amount

AZM has a Yearly Dividend Yield of 5.36%, which is a nice return.
AZM's Dividend Yield is rather good when compared to the industry average which is at 5.63. AZM pays more dividend than 84.07% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.32, AZM pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.36%

5.2 History

The dividend of AZM has a limited annual growth rate of 0.23%.
Dividend Growth(5Y)0.23%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

48.52% of the earnings are spent on dividend by AZM. This is a bit on the high side, but may be sustainable.
DP48.52%
EPS Next 2Y-13.38%
EPS Next 3Y-6.08%
AZM.MI Yearly Income VS Free CF VS DividendAZM.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M 600M 800M
AZM.MI Dividend Payout.AZM.MI Dividend Payout, showing the Payout Ratio.AZM.MI Dividend Payout.PayoutRetained Earnings

AZIMUT HOLDING SPA

BIT:AZM (10/22/2025, 7:00:00 PM)

32.12

-0.15 (-0.46%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)07-31 2025-07-31
Earnings (Next)11-06 2025-11-06
Inst Owners24.27%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap4.60B
Revenue(TTM)2.06B
Net Income(TTM)723.75M
Analysts75
Price Target31.89 (-0.72%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.36%
Yearly Dividend1.73
Dividend Growth(5Y)0.23%
DP48.52%
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)3.18%
PT rev (3m)7.43%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.31%
EPS NY rev (3m)56.67%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)6.46%
Revenue NY rev (3m)-3.71%
Valuation
Industry RankSector Rank
PE 7.8
Fwd PE 10.4
P/S 2.23
P/FCF N/A
P/OCF N/A
P/B 2.58
P/tB 4.17
EV/EBITDA 4.22
EPS(TTM)4.12
EY12.83%
EPS(NY)3.09
Fwd EY9.62%
FCF(TTM)-2.11
FCFYN/A
OCF(TTM)-1.85
OCFYN/A
SpS14.41
BVpS12.47
TBVpS7.7
PEG (NY)2.29
PEG (5Y)0.85
Graham Number34
Profitability
Industry RankSector Rank
ROA 7.25%
ROE 40.51%
ROCE 10.16%
ROIC 7.47%
ROICexc 7.79%
ROICexgc 8.41%
OM 47.83%
PM (TTM) 35.07%
GM 71.83%
FCFM N/A
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 3Y-0.44%
OM growth 5Y1.85%
PM growth 3Y0.71%
PM growth 5Y3.84%
GM growth 3Y-0.13%
GM growth 5Y0.79%
F-Score3
Asset Turnover0.21
Health
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF N/A
Debt/EBITDA 0.06
Cap/Depr 133.46%
Cap/Sales 1.8%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.89
Quick Ratio 2.89
Altman-Z 1.16
F-Score3
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)138.48%
Cap/Depr(5y)137.24%
Cap/Sales(3y)3.72%
Cap/Sales(5y)3.58%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-7.17%
EPS 3Y-1.96%
EPS 5Y9.13%
EPS Q2Q%-26.84%
EPS Next Y3.41%
EPS Next 2Y-13.38%
EPS Next 3Y-6.08%
EPS Next 5Y-6.43%
Revenue 1Y (TTM)-1.16%
Revenue growth 3Y-2.33%
Revenue growth 5Y5.22%
Sales Q2Q%96.34%
Revenue Next Year-7.34%
Revenue Next 2Y0.21%
Revenue Next 3Y2.56%
Revenue Next 5Y0.54%
EBIT growth 1Y5.76%
EBIT growth 3Y-2.76%
EBIT growth 5Y7.16%
EBIT Next Year-9.07%
EBIT Next 3Y-1.07%
EBIT Next 5YN/A
FCF growth 1Y-198.06%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-173.28%
OCF growth 3YN/A
OCF growth 5YN/A