BME:AZK

Stock Analysis Report

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Executive Summary

Azkoyen, S.A. designs, manufactures, and sells technological solutions in Spain and internationally.


Snowflake Analysis

Flawless balance sheet and undervalued.

Share Price & News

How has Azkoyen's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AZK has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

6.7%

AZK

2.7%

ES Machinery

3.6%

ES Market


1 Year Return

-25.6%

AZK

5.8%

ES Machinery

-12.7%

ES Market

Return vs Industry: AZK underperformed the Spanish Machinery industry which returned 2.4% over the past year.

Return vs Market: AZK underperformed the Spanish Market which returned -14.7% over the past year.


Shareholder returns

AZKIndustryMarket
7 Day6.7%2.7%3.6%
30 Day1.6%4.1%-1.0%
90 Day0.4%13.8%10.7%
1 Year-25.6%-25.6%7.4%5.8%-9.9%-12.7%
3 Year-23.4%-33.1%1.6%-4.8%-20.1%-27.5%
5 Year79.0%52.8%20.2%6.5%-15.1%-28.7%

Price Volatility Vs. Market

How volatile is Azkoyen's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Azkoyen undervalued compared to its fair value and its price relative to the market?

43.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AZK (€5.12) is trading below our estimate of fair value (€9.01)

Significantly Below Fair Value: AZK is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AZK is good value based on its PE Ratio (8x) compared to the ES Machinery industry average (20.8x).

PE vs Market: AZK is good value based on its PE Ratio (8x) compared to the Spanish market (17.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AZK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AZK is good value based on its PB Ratio (1.2x) compared to the ES Machinery industry average (1.8x).


Next Steps

Future Growth

How is Azkoyen forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.7%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Azkoyen has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Azkoyen performed over the past 5 years?

20.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AZK has high quality earnings.

Growing Profit Margin: AZK's current net profit margins (10.8%) are lower than last year (11.2%).


Past Earnings Growth Analysis

Earnings Trend: AZK's earnings have grown significantly by 20.2% per year over the past 5 years.

Accelerating Growth: AZK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AZK had negative earnings growth (-2.1%) over the past year, making it difficult to compare to the Machinery industry average (-2.6%).


Return on Equity

High ROE: AZK's Return on Equity (15.5%) is considered low.


Next Steps

Financial Health

How is Azkoyen's financial position?


Financial Position Analysis

Short Term Liabilities: AZK's short term assets (€74.4M) exceed its short term liabilities (€41.5M).

Long Term Liabilities: AZK's short term assets (€74.4M) exceed its long term liabilities (€22.9M).


Debt to Equity History and Analysis

Debt Level: AZK's debt to equity ratio (17.5%) is considered satisfactory.

Reducing Debt: AZK's debt to equity ratio has reduced from 38.2% to 17.5% over the past 5 years.

Debt Coverage: AZK's debt is well covered by operating cash flow (136.2%).

Interest Coverage: AZK's interest payments on its debt are well covered by EBIT (59.1x coverage).


Balance Sheet


Next Steps

Dividend

What is Azkoyen current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AZK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AZK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AZK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AZK's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: AZK is not paying a notable dividend for the Spanish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AZK's dividend in 3 years as they are not forecast to pay a notable one for the Spanish market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average board tenure


CEO

Eduardo Unzu Martínez

10.17yrs

Tenure

Mr. Eduardo Unzu Martínez is a Director General at Azkoyen SA. since June 2010 and served as its General Manager. He has been Executive Director at Azkoyen, S.A. since January 24, 2020.


Board Members

NamePositionTenureCompensationOwnership
Eduardo Unzu Martínez
Director General & Executive Director10.17yrsno datano data
Pablo Cervera Garnica
Independent Director6.5yrs€44.00k0.010%
€ 12.5k
Arturo Leyte Coello
Director15.5yrs€39.00k0.010%
€ 12.5k
Juan Jose Suarez Alecha
Chairman of the Board0.75yr€39.00k0.000040%
€ 49.9
Diego Fontan Zubizarreta
Director4.17yrsno datano data
Darío Ramírez
Independent Director2.17yrsno datano data
Ana Lafita
Director1.17yrsno datano data
Victor Rubio
Directorno datano datano data

2.2yrs

Average Tenure

53yo

Average Age

Experienced Board: AZK's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.3%.


Top Shareholders

Company Information

Azkoyen, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Azkoyen, S.A.
  • Ticker: AZK
  • Exchange: BME
  • Founded: 1945
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: €124.870m
  • Shares outstanding: 24.39m
  • Website: https://www.azkoyen.com

Number of Employees


Location

  • Azkoyen, S.A.
  • Avda. San Silvestre, s/n
  • Peralta
  • Navarre
  • 31350
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AZKBME (Bolsas y Mercados Espanoles)YesBearer SharesESEURNov 1988
0DOGLSE (London Stock Exchange)YesBearer SharesGBEURNov 1988
AZKEBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURNov 1988

Biography

Azkoyen, S.A. designs, manufactures, and sells technological solutions in Spain and internationally. It operates through Time & Security, Vending Systems, and Payment Technologies divisions. The Time & Sec ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/12 20:49
End of Day Share Price2020/08/12 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.