BME:AZK

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet and fair value.

Risks

  • Azkoyen has significant price volatility in the past 3 months.
  • Azkoyen is not covered by any analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-2.3%

BME:AZK

-1.9%

ES Machinery

-1.1%

ES Market


1 Year Return

-18.8%

BME:AZK

-14.4%

ES Machinery

-6.8%

ES Market

AZK underperformed the Machinery industry which returned -16.5% over the past year.

AZK underperformed the Market in Spain which returned -8.3% over the past year.


Share holder returns

AZKIndustryMarket
7 Day-2.3%-1.9%-1.1%
30 Day-3.7%-8.7%-5.9%
90 Day-16.0%-7.8%-5.7%
1 Year-8.5%-18.8%-12.5%-14.4%-3.7%-6.8%
3 Year62.6%40.0%13.0%5.0%15.2%4.5%
5 Year260.4%204.8%13.7%-0.4%1.1%-17.8%

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 based on future cash flows and its price relative to the stock market?

10.34x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Azkoyen's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Azkoyen's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Azkoyen is good value based on earnings compared to the ES Machinery industry average.

Azkoyen is good value based on earnings compared to the Spain market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Azkoyen, we can't assess if its growth is good value.


Price Based on Value of Assets

Azkoyen is good value based on assets compared to the ES Machinery industry average.


Next Steps

Future Growth

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

10.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Azkoyen is high growth as no revenue estimate data is available.

Azkoyen's earnings are expected to grow by 10% yearly, however this is not considered high growth (20% yearly).

Unable to compare Azkoyen's revenue growth to the Spain market average as no estimate data is available.

Azkoyen's earnings growth is expected to exceed the Spain market average.

Azkoyen's earnings growth is expected to exceed the low risk savings rate of 1.5%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Azkoyen will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Azkoyen performed over the past 5 years?

28.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Azkoyen has delivered over 20% year on year earnings growth in the past 5 years.

Azkoyen's 1-year earnings growth is less than its 5-year average (17.1% vs 28.7%)

Azkoyen's earnings growth has not exceeded the ES Machinery industry average in the past year (17.1% vs 18%).


Return on Equity

Azkoyen has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Azkoyen used its assets more efficiently than the ES Machinery industry average last year based on Return on Assets.


Return on Capital Employed

Azkoyen has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Azkoyen's financial position?


Financial Position Analysis

Azkoyen is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Azkoyen's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Azkoyen's level of debt (24.5%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (48.3% vs 24.5% today).

Debt is well covered by operating cash flow (58.3%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 170.9x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 3.4x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Azkoyen's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Azkoyen's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Azkoyen has not reported any payouts.

Unable to verify if Azkoyen's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Azkoyen has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Azkoyen's salary, the management and board of directors tenure and is there insider trading?

6.8yrs

Average board tenure


CEO

Eduardo Unzu Martínez

Mr. Eduardo Unzu Martínez is a Director General at Azkoyen SA. and served as its General Manager. 


Board Age and Tenure

6.8yrs

Average Tenure

The tenure for the Azkoyen board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Aurelio Orillo Lara

    Secretary of the Board of Directors

  • Eduardo Unzu Martínez

    Director General

  • Ander Cilveti Larreategui

    Director of Financial & systems

  • Oscar González Undiano

    Human Resources Director

  • Horst Eckenberger

    Director of Technology & Security Systems Business Unit


Board Members

  • Pablo Sagnier Maristany

    Independent External Director

    • Tenure: 3.2yrs
  • Pablo Cervera Garnica

    Independent Director

    • Tenure: 5.5yrs
    • Compensation: 44.00k
  • Arturo Leyte Coello

    Director

    • Tenure: 14.5yrs
    • Compensation: 39.00k
  • Marco Adriani

    Independent Director

    • Tenure: 8.8yrs
    • Compensation: 39.00k
  • Juan Miguel Sucunza Nicasio

    Chairman

    • Tenure: 10.2yrs
  • Juan Jose Suarez Alecha

    Director

    • Tenure: 8.1yrs
    • Compensation: 39.00k
  • Diego Zubizarreta

    Director

    • Tenure: 3.2yrs
  • Nuria Giralt

    Independent External Director

    • Tenure: 3.2yrs

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: €158.669m
  • Shares outstanding: 23.61m
  • Website: Click here

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 Analysis2019/08/16 20:44
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.