Azelis Group NV

BATS-CHIXE:AZEB Stock Report

Market Cap: €4.4b

Azelis Group Valuation

Is AZEB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of AZEB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AZEB (€18.01) is trading below our estimate of fair value (€29.71)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AZEB?

Key metric: As AZEB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AZEB. This is calculated by dividing AZEB's market cap by their current earnings.
What is AZEB's PE Ratio?
PE Ratio25.9x
Earnings€169.07m
Market Cap€4.39b

Price to Earnings Ratio vs Peers

How does AZEB's PE Ratio compare to its peers?

The above table shows the PE ratio for AZEB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.7x
RS1 RS Group
20.3x18.4%UK£3.4b
HWDN Howden Joinery Group
17.7x6.0%UK£4.5b
DPLM Diploma
46.3x15.7%UK£6.0b
GFTU Grafton Group
14.5x5.8%UK£1.9b
AZEB Azelis Group
25.9x14.4%€4.4b

Price-To-Earnings vs Peers: AZEB is expensive based on its Price-To-Earnings Ratio (25.9x) compared to the peer average (24.7x).

Price to Earnings Ratio vs Industry

How does AZEB's PE Ratio compare vs other companies in the European Trade Distributors Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies10PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AZEB is expensive based on its Price-To-Earnings Ratio (25.9x) compared to the European Trade Distributors industry average (14.3x).

Price to Earnings Ratio vs Fair Ratio

What is AZEB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AZEB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate AZEB's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AZEB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€18.01
€25.05
+39.1%
13.4%€32.50€19.00n/a15
Nov ’25n/a
€25.05
0%
13.4%€32.50€19.00n/a15
Oct ’25n/a
€25.05
0%
14.1%€33.00€18.50n/a15
Sep ’25n/a
€24.62
0%
15.2%€33.00€18.50n/a15
Aug ’25n/a
€24.69
0%
13.3%€31.50€20.00n/a15
Jul ’25n/a
€25.25
0%
12.9%€31.50€20.00n/a15
Jun ’25€19.24
€25.59
+33.0%
12.1%€31.50€20.00n/a14
May ’25n/a
€25.59
0%
12.7%€31.50€19.00n/a14
Apr ’25n/a
€25.24
0%
15.2%€31.50€18.50n/a14
Mar ’25n/a
€25.95
0%
15.9%€32.50€17.00n/a13
Feb ’25n/a
€25.95
0%
15.9%€32.50€17.00n/a13
Jan ’25n/a
€25.95
0%
17.0%€32.50€16.50n/a13
Dec ’24€20.68
€25.95
+25.5%
17.0%€32.50€16.50n/a13
Nov ’24n/a
€26.22
0%
15.7%€32.50€17.50n/a13
Oct ’24n/a
€27.72
0%
14.3%€33.50€19.50n/a13
Sep ’24n/a
€28.15
0%
13.6%€33.50€19.50n/a13
Aug ’24€23.02
€29.25
+27.1%
14.7%€36.00€20.50n/a12
Jul ’24€20.74
€29.63
+42.8%
13.5%€36.00€20.50n/a12
Jun ’24€23.02
€29.63
+28.7%
13.5%€36.00€20.50€19.2412
May ’24€21.22
€29.50
+39.0%
14.9%€36.00€20.50n/a11
Apr ’24€23.38
€29.82
+27.5%
14.2%€37.00€21.50n/a11
Mar ’24€23.76
€29.11
+22.5%
13.4%€35.00€21.50n/a11
Feb ’24€24.60
€28.97
+17.8%
14.2%€35.00€21.50n/a10
Jan ’24€26.68
€28.98
+8.6%
15.4%€35.00€21.50n/a9
Dec ’23€25.14
€29.66
+18.0%
11.8%€34.00€24.30€20.688
Nov ’23€23.02
€29.54
+28.3%
11.7%€34.00€24.30n/a8

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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