Azimut Holding S.p.A., together with its subsidiaries, distributes, manages, and promotes financial and insurance products.
Outstanding track record average dividend payer.
Share Price & News
How has Azimut Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AZM has not had significant price volatility in the past 3 months.
7 Day Return
AT Capital Markets
1 Year Return
AT Capital Markets
Return vs Industry: AZM exceeded the Austrian Capital Markets industry which returned 19.3% over the past year.
Return vs Market: AZM exceeded the Austrian Market which returned 5.1% over the past year.
Price Volatility Vs. Market
How volatile is Azimut Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Azimut Holding undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AZM (€23.78) is trading below our estimate of fair value (€24.81)
Significantly Below Fair Value: AZM is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: AZM is good value based on its PE Ratio (14.9x) compared to the Capital Markets industry average (22.7x).
PE vs Market: AZM is poor value based on its PE Ratio (14.9x) compared to the Austrian market (14.2x).
Price to Earnings Growth Ratio
PEG Ratio: AZM's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: AZM is overvalued based on its PB Ratio (5.7x) compared to the XE Capital Markets industry average (1.4x).
How is Azimut Holding forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AZM's earnings are forecast to decline over the next 3 years (-11.8% per year).
Earnings vs Market: AZM's earnings are forecast to decline over the next 3 years (-11.8% per year).
High Growth Earnings: AZM's earnings are forecast to decline over the next 3 years.
Revenue vs Market: AZM's revenue is expected to decline over the next 3 years (-1.8% per year).
High Growth Revenue: AZM's revenue is forecast to decline over the next 3 years (-1.8% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AZM's Return on Equity is forecast to be high in 3 years time (28.3%)
How has Azimut Holding performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AZM has high quality earnings.
Growing Profit Margin: AZM's current net profit margins (24.2%) are higher than last year (18.9%).
Past Earnings Growth Analysis
Earnings Trend: AZM's earnings have grown by 4.7% per year over the past 5 years.
Accelerating Growth: AZM's earnings growth over the past year (50.9%) exceeds its 5-year average (4.7% per year).
Earnings vs Industry: AZM earnings growth over the past year (50.9%) exceeded the Capital Markets industry 3.7%.
Return on Equity
High ROE: AZM's Return on Equity (40.4%) is considered outstanding.
Return on Assets
Return on Capital Employed
How is Azimut Holding's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: AZM has a low level of unsold assets or inventory.
Debt Coverage by Assets: AZM's debt is covered by short term assets (assets are 11.3x debt).
Financial Institutions Analysis
Asset Level: AZM's level of assets compared to its equity is moderate.
Allowance for Bad Loans: Insufficient data to determine if AZM has a sufficient allowance for bad loans.
Low Risk Liabilities: AZM reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if AZM has an acceptable proportion of non-loan assets held.
Low Risk Deposits: AZM has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if AZM has an appropriate level of bad loans.
What is Azimut Holding's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: AZM's dividend (6.31%) is higher than the bottom 25% of dividend payers in the Austrian market (1.58%).
High Dividend: AZM's dividend (6.31%) is in the top 25% of dividend payers in the Austrian market (4.47%)
Stability and Growth of Payments
Stable Dividend: AZM's dividend payments have been volatile in the past 10 years.
Growing Dividend: AZM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (93.8%), AZM's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AZM's dividends in 3 years are forecast to be covered by earnings (68.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Paolo Martini 0
Mr. Paolo Martini serves as Vice Chairman of the Board at Azimut Capital Management Sgr SpA since April 2019, where he served as Co-Chief Executive Officer from October 2016 to April 2019. Mr. Martini serv ...
CEO Compensation Analysis
Compensation vs Market: Paolo's total compensation ($USD0.00) is below average for companies of similar size in the Austrian market ($USD2.13M).
Compensation vs Earnings: Insufficient data to compare Paolo's compensation with company performance.
|CEO, General Manager||0.8yrs||€282.00k||no data|
|Head of Asset Management -Italy||0.8yrs||no data||no data|
|CEO, Head of Administration & Finance||2.8yrs||no data||no data|
|CEO & Director||1.2yrs||no data||no data|
|Global Head of Asset Management||0yrs||no data||no data|
|CEO, Global Head of Distribution & Director||0yrs||no data||no data|
|Head of Investor Relations||0yrs||no data||no data|
|Head of Asset Management for Luxembourg & Ireland||0.8yrs||no data||no data|
|Group Commercial Director||0yrs||€555.10k||no data|
Experienced Management: AZM's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.5%.
Azimut Holding S.p.A.'s company bio, employee growth, exchange listings and data sources
- Name: Azimut Holding S.p.A.
- Ticker: AZM
- Exchange: WBAG
- Founded: 1989
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: €3.353b
- Shares outstanding: 140.94m
- Website: https://www.azimut.it
Number of Employees
- Azimut Holding S.p.A.
- Via Cusani, 4
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HDB||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jul 2004|
|AZM||BIT (Borsa Italiana)||Yes||Common Shares||IT||EUR||Jul 2004|
|0MHJ||LSE (London Stock Exchange)||Yes||Common Shares||GB||EUR||Jul 2004|
|AZIH.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Jul 2004|
|AZMM||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Common Shares||GB||EUR||Jul 2004|
|AZM||WBAG (Wiener Boerse AG)||Yes||Common Shares||AT||EUR||Jul 2004|
|AZIH.Y||OTCPK (Pink Sheets LLC)||UNSPONSORD ADR||US||USD||Nov 2011|
Azimut Holding S.p.A., together with its subsidiaries, distributes, manages, and promotes financial and insurance products. The company offers mutual fund management, life insurance, wealth management, investment portfolio individual management, insurance mediation, and financial planning consultancy services; invests in the digital sector; and manages Italian, pension, alternative, discretionary, and private equity funds. It has operations in Italy, Luxembourg, Ireland, China, Monaco, Switzerland, Singapore, Brazil, Mexico, Taiwan, Chile, the United States, Australia, Turkey, and the United Arab Emirates. The company was founded in 1989 and is headquartered in Milan, Italy.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/18 22:31|
|End of Day Share Price||2020/02/18 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.