Azzas 2154 (AZZA3) Stock Overview
Engages in the development and marketing of women's, men's and children's footwear, handbags, accessories, and clothing in Brazil and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 3/6 |
| Past Performance | 1/6 |
| Financial Health | 4/6 |
| Dividends | 3/6 |
Rewards
Risk Analysis
AZZA3 Community Fair Values
Create NarrativeSee what 19 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Azzas 2154 S.A. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | R$14.30 |
| 52 Week High | R$32.34 |
| 52 Week Low | R$14.30 |
| Beta | 0.018 |
| 1 Month Change | -5.55% |
| 3 Month Change | -26.29% |
| 1 Year Change | -55.59% |
| 3 Year Change | -77.56% |
| 5 Year Change | -84.11% |
| Change since IPO | -32.71% |
Recent News & Updates
Narrative Update • Sep 03
AZZA3: Future Margin Pressure Will Drive Cautious View On Corporate Review
Analysts trimmed their price target for Azzas 2154 to R$14.00 from R$17.00, reflecting updated assumptions for slightly lower revenue growth, a reduced profit margin outlook, and a modestly lower future P/E multiple. What's in the News Azzas 2154 disclosed that it is assessing multiple corporate and operational alternatives, including a review of its businesses, subsidiaries, and assets.
Narrative Update • Aug 20
AZZA3: Potential Asset Alternatives Around Key Brand Will Support Future Upside
Analysts have trimmed their fair value estimate for Azzas 2154 to R$26.81 from R$29.46, citing updated assumptions for discount rates, revenue growth, profit margins, and a sharply lower future P/E multiple. What’s in the News for Azzas 2154 Azzas 2154 confirms it is evaluating multiple corporate, organizational, and operational alternatives related to its businesses, subsidiaries, and assets.Recent updates
Narrative Update • Sep 03
AZZA3: Future Margin Pressure Will Drive Cautious View On Corporate Review
Analysts trimmed their price target for Azzas 2154 to R$14.00 from R$17.00, reflecting updated assumptions for slightly lower revenue growth, a reduced profit margin outlook, and a modestly lower future P/E multiple. What's in the News Azzas 2154 disclosed that it is assessing multiple corporate and operational alternatives, including a review of its businesses, subsidiaries, and assets.Narrative Update • Aug 20
AZZA3: Potential Asset Alternatives Around Key Brand Will Support Future Upside
Analysts have trimmed their fair value estimate for Azzas 2154 to R$26.81 from R$29.46, citing updated assumptions for discount rates, revenue growth, profit margins, and a sharply lower future P/E multiple. What’s in the News for Azzas 2154 Azzas 2154 confirms it is evaluating multiple corporate, organizational, and operational alternatives related to its businesses, subsidiaries, and assets.
Narrative Update • Jul 23
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Azzas 2154's analyst price target has been revised from R$60.00 to R$40.00 as analysts apply a higher discount rate, adjust the assumed future P/E lower, and refine revenue growth and profit margin inputs in their valuation work. What's in the News No recent company specific news items for Azzas 2154 were identified in the provided sources.Narrative Update • Jul 09
AZZA3: Fair Value View Will Weigh New Audit Appointment And Margin Outlook
Analysts have reduced the Azzas 2154 price target from R$31.50 to R$17.00, citing updates to their models that now reflect a R$17.0 fair value estimate. This is based on revised discount rates, revenue growth, profit margin assumptions and a lower future P/E multiple.Narrative Update • Jun 25
AZZA3: Auditor Transition Will Support Future Upside Potential
The analyst price target for Azzas 2154 has shifted slightly to R$29.46 from R$30.27, with analysts citing updated assumptions for discount rates, revenue growth, profit margins and expected future P/E multiples. What's in the News Azzas 2154 has scheduled a board meeting for April 23, 2026, to decide on changes to its independent audit services.Narrative Update • Jun 01
AZZA3: Auditor Change And Higher Future P/E Will Support Upside Potential
For Azzas 2154, analysts now see fair value closer to R$30.27, down from about R$33.38. This reflects updated views on the discount rate, revenue growth, profit margin and future P/E assumptions.Analysis Article • May 19
Impressive Earnings May Not Tell The Whole Story For Azzas 2154 (BVMF:AZZA3)
Despite announcing strong earnings, Azzas 2154 S.A.'s ( BVMF:AZZA3 ) stock was sluggish. We did some digging and found...Narrative Update • Apr 30
AZZA3: Higher Future P/E Assumptions Will Support Upside Potential
The updated analyst price target for Azzas 2154 has moved by R$1.00, reflecting revised expectations for slightly lower revenue growth and profit margins, partly offset by a higher assumed future P/E multiple and a small adjustment to the discount rate. Valuation Changes Fair Value: reduced from R$34.38 to R$33.38, reflecting a modest move lower in the modelled equity value.Narrative Update • Apr 12
AZZA3: Higher Required Return Will Still Support Future Upside Potential
Analysts have trimmed the price target for Azzas 2154 by roughly R$1, reflecting slightly higher assumed discount rates and more cautious revenue growth expectations. This was partly offset by a small uplift in projected profit margins and a marginally lower future P/E.Narrative Update • Mar 28
AZZA3: Higher Required Return Will Still Support Future Upside Potential
Analysts have trimmed the Azzas 2154 price target slightly to R$35.23 from R$35.31, reflecting updated assumptions around the discount rate, revenue growth, profit margin and future P/E, which together point to a marginally adjusted valuation profile. Valuation Changes Fair Value: R$35.23, slightly below the previous estimate of R$35.31, implying a very small adjustment to the modeled upside.Narrative Update • Mar 12
AZZA3: Adjusted Assumptions Will Still Support Future Upside Potential
Analysts have trimmed their price target for Azzas 2154 by R$1 to R$35.31, reflecting slightly adjusted assumptions on discount rate, revenue growth, profit margins and future P/E. Valuation Changes Fair Value: model fair value moved from R$36.31 to R$35.31, a reduction of about 2.8%.Narrative Update • Feb 24
AZZA3: Slightly Lower Assumptions Will Still Support Future Upside
Analysts have trimmed their price target for Azzas 2154 to R$36.31 from R$38.00, citing slightly adjusted assumptions for fair value, discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value: R$38.00 adjusted to about R$36.31, a small reduction in the indicative valuation level.Narrative Update • Feb 10
AZZA3: Remote Meeting And Stable Assumptions Will Support Future Upside
Analysts have trimmed their price target on Azzas 2154 from $39.29 to $38.00, citing updated assumptions around discount rates, revenue growth, profit margins and forward P/E that slightly adjust their valuation framework. What's in the News Azzas 2154 has scheduled a Special or Extraordinary Shareholders Meeting for December 9, 2025, to be held exclusively remotely in Brazil (Key Developments).Analysis Article • Feb 08
We Think Azzas 2154 (BVMF:AZZA3) Is Taking Some Risk With Its Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Narrative Update • Jan 26
AZZA3: Remote Meeting And Slightly Higher Margins Will Support Future Upside
Analysts have trimmed their price target for Azzas 2154 from $42.96 to $39.29, citing slightly revised assumptions around discount rate, revenue growth, profit margins, and future P/E in order to reflect a more measured outlook on the shares. What's in the News Azzas 2154 has scheduled a Special/Extraordinary Shareholders Meeting for December 9, 2025, to be held exclusively remotely in Brazil (company event filing).Narrative Update • Jan 11
AZZA3: Remote Meeting And Stronger Margins Will Support Future Upside
Analysts have trimmed their price target on Azzas 2154 to US$42.96 from US$45.32, citing updated assumptions around slightly softer revenue growth, a modestly higher discount rate, stronger profit margins, and a lower future P/E multiple. What's in the News Azzas 2154 has scheduled a Special or Extraordinary Shareholders Meeting for December 9, 2025, to be held exclusively remotely in Brazil (Key Developments).Narrative Update • Dec 15
AZZA3 Remote Meeting And Margin Strength Will Drive Future Share Upside
Analysts have modestly reduced their price target on Azzas 2154 to approximately $45.32 from about $47.07, citing slightly lower long term revenue growth expectations and a higher required return. This was partially offset by improved margin forecasts and a marginally lower projected earnings multiple.Narrative Update • Nov 29
AZZA3: Stronger Profit Margins And Remote Meeting Will Drive Share Upside
Analysts have slightly lowered the fair value estimate for Azzas 2154 from $47.36 to $47.07. They cite modestly reduced revenue growth expectations and a higher projected discount rate as key factors behind the adjustment.Analysis Article • Nov 17
Solid Earnings May Not Tell The Whole Story For Azzas 2154 (BVMF:AZZA3)
Azzas 2154 S.A.'s ( BVMF:AZZA3 ) healthy profit numbers didn't contain any surprises for investors. We believe that...Narrative Update • Nov 15
AZZA3: Future Earnings Potential Will Drive Shares Higher Despite Margin Dip
Analysts have lowered their price target for Azzas 2154 by $1.00, citing slightly reduced forecasts for revenue growth and profit margins in upcoming periods. Valuation Changes Fair Value decreased modestly from R$48.36 to R$47.36.Narrative Update • Nov 01
AZZA3: Future Earnings Will Benefit From International Expansion And Digital Channels
Analysts have lowered their price target for Azzas 2154 from $51.21 to $48.36, citing slightly slower projected revenue growth and profit margins as the main factors behind this adjustment. Valuation Changes Fair Value Estimate: Decreased from R$51.21 to R$48.36.Analysis Article • Oct 30
Azzas 2154 (BVMF:AZZA3) Has A Somewhat Strained Balance Sheet
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Analysis Article • Oct 03
What Azzas 2154 S.A.'s (BVMF:AZZA3) P/E Is Not Telling You
There wouldn't be many who think Azzas 2154 S.A.'s ( BVMF:AZZA3 ) price-to-earnings (or "P/E") ratio of 7.3x is worth a...Analysis Article • Jul 14
These 4 Measures Indicate That Azzas 2154 (BVMF:AZZA3) Is Using Debt Extensively
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • May 06
Why Investors Shouldn't Be Surprised By Azzas 2154 S.A.'s (BVMF:AZZA3) 33% Share Price Surge
Those holding Azzas 2154 S.A. ( BVMF:AZZA3 ) shares would be relieved that the share price has rebounded 33% in the...Analysis Article • Apr 14
Azzas 2154 (BVMF:AZZA3) Has A Somewhat Strained Balance Sheet
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Analysis Article • Mar 13
With A 30% Price Drop For Azzas 2154 S.A. (BVMF:AZZA3) You'll Still Get What You Pay For
The Azzas 2154 S.A. ( BVMF:AZZA3 ) share price has fared very poorly over the last month, falling by a substantial 30...
New Narrative • Feb 09
Operational Efficiencies And Global Expansion Will Strengthen Hering And Farm Brands By 2025
Strategic brand recovery and international expansion for Hering and Farm suggest potential revenue growth and market strength in Brazil and globally.Analysis Article • Dec 28
At R$29.14, Is Azzas 2154 S.A. (BVMF:AZZA3) Worth Looking At Closely?
Azzas 2154 S.A. ( BVMF:AZZA3 ), is not the largest company out there, but it received a lot of attention from a...Analysis Article • Dec 05
We Think Azzas 2154 (BVMF:AZZA3) Can Stay On Top Of Its Debt
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Nov 15
Azzas 2154 S.A.'s (BVMF:AZZA3) Business Is Trailing The Market But Its Shares Aren't
When close to half the companies in Brazil have price-to-earnings ratios (or "P/E's") below 9x, you may consider Azzas...Analysis Article • Aug 20
Azzas 2154's (BVMF:AZZA3) Earnings Are Of Questionable Quality
Last week's profit announcement from Azzas 2154 S.A. ( BVMF:AZZA3 ) was underwhelming for investors, despite headline...Analysis Article • Jul 30
Arezzo Indústria e Comércio S.A. (BVMF:ARZZ3) Investors Are Less Pessimistic Than Expected
When close to half the companies in Brazil have price-to-earnings ratios (or "P/E's") below 9x, you may consider Arezzo...Analysis Article • May 11
The Arezzo Indústria e Comércio S.A. (BVMF:ARZZ3) First-Quarter Results Are Out And Analysts Have Published New Forecasts
Last week, you might have seen that Arezzo Indústria e Comércio S.A. ( BVMF:ARZZ3 ) released its quarterly result to...Analysis Article • May 10
At R$49.75, Is It Time To Put Arezzo Indústria e Comércio S.A. (BVMF:ARZZ3) On Your Watch List?
Arezzo Indústria e Comércio S.A. ( BVMF:ARZZ3 ), is not the largest company out there, but it received a lot of...Analysis Article • Mar 05
Earnings Tell The Story For Arezzo Indústria e Comércio S.A. (BVMF:ARZZ3)
Arezzo Indústria e Comércio S.A.'s ( BVMF:ARZZ3 ) price-to-earnings (or "P/E") ratio of 16.4x might make it look like a...Shareholder Returns
| AZZA3 | BR Luxury | BR Market | |
|---|---|---|---|
| 7D | -13.0% | -2.4% | -1.0% |
| 1Y | -55.6% | -22.6% | 14.2% |
Return vs Industry: AZZA3 underperformed the BR Luxury industry which returned -22.6% over the past year.
Return vs Market: AZZA3 underperformed the BR Market which returned 14.2% over the past year.
Price Volatility
| AZZA3 volatility | |
|---|---|
| AZZA3 Average Weekly Movement | 7.3% |
| Luxury Industry Average Movement | 5.2% |
| Market Average Movement | 4.1% |
| 10% most volatile stocks in BR Market | 8.5% |
| 10% least volatile stocks in BR Market | 1.8% |
Stable Share Price: AZZA3's share price has been volatile over the past 3 months compared to the BR market.
Volatility Over Time: AZZA3's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of BR stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1972 | n/a | Alexandre Birman | ri.azzas2154.com.br |
Azzas 2154 S.A. engages in the development and marketing of women's, men's and children's footwear, handbags, accessories, and clothing in Brazil and internationally. It offers its products through franchise stores, company-operated store, and web commerce channel under the Arezzo, Schutz, Anacapri, Alexandre Birman, Alme, Vans, Reserva, Reserva Mini, Reserva INK, Reserva Go, Oficina Reserva, Brizza, Troc, Baw, Carol Bassi, ZZMALL, Reversa, Simples Reserva, Paris Texas, Vicenza, Animale, Farm, Farm Global, Fabula, Foxton, Cris Barros, Off Premium, Maria Filo, NV, Hering and Dzarm brands. The company was formerly known as Arezzo Indústria e Comércio S.A. and changed its name to Azzas 2154 S.A. in July 2024.
Azzas 2154 S.A. Fundamentals Summary
| AZZA3 fundamental statistics | |
|---|---|
| Market cap | R$2.89b |
| Earnings (TTM) | R$324.18m |
| Revenue (TTM) | R$11.37b |
8.9x
P/E Ratio0.3x
P/S RatioIs AZZA3 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| AZZA3 income statement (TTM) | |
|---|---|
| Revenue | R$11.37b |
| Cost of Revenue | R$5.16b |
| Gross Profit | R$6.21b |
| Other Expenses | R$5.88b |
| Earnings | R$324.18m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
Nov 11, 2026
| Earnings per share (EPS) | 1.60 |
| Gross Margin | 54.60% |
| Net Profit Margin | 2.85% |
| Debt/Equity Ratio | 40.6% |
How did AZZA3 perform over the long term?
See historical performance and comparisonDividends
7.8%
Current Dividend Yieldn/a
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/20 06:32 |
| End of Day Share Price | 2026/09/18 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Azzas 2154 S.A. is covered by 21 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Belaunde | Barclays |
| Robert Ford Aguilar | BofA Global Research |
| Pedro Pinto | Bradesco S.A. Corretora de Títulos e Valores Mobiliários |