Azelis Group NV

LSE:0AA6 Stock Report

Market Cap: €4.4b

Azelis Group Valuation

Is 0AA6 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 0AA6 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0AA6 (€18.2) is trading below our estimate of fair value (€29.6)

Significantly Below Fair Value: 0AA6 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0AA6?

Key metric: As 0AA6 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0AA6. This is calculated by dividing 0AA6's market cap by their current earnings.
What is 0AA6's PE Ratio?
PE Ratio26.3x
Earnings€169.07m
Market Cap€4.44b

Price to Earnings Ratio vs Peers

How does 0AA6's PE Ratio compare to its peers?

The above table shows the PE ratio for 0AA6 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.6x
RS1 RS Group
20.3x18.4%UK£3.4b
HWDN Howden Joinery Group
17.6x6.0%UK£4.5b
DPLM Diploma
46.4x14.3%UK£6.0b
GFTU Grafton Group
14.2x5.8%UK£1.9b
0AA6 Azelis Group
26.3x14.4%€4.4b

Price-To-Earnings vs Peers: 0AA6 is expensive based on its Price-To-Earnings Ratio (26.3x) compared to the peer average (24.6x).

Price to Earnings Ratio vs Industry

How does 0AA6's PE Ratio compare vs other companies in the European Trade Distributors Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0AA6 26.3xIndustry Avg. 14.4xNo. of Companies11PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0AA6 is expensive based on its Price-To-Earnings Ratio (26.3x) compared to the European Trade Distributors industry average (14.4x).

Price to Earnings Ratio vs Fair Ratio

What is 0AA6'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.

0AA6 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.3x
Fair PE Ratio21.9x

Price-To-Earnings vs Fair Ratio: 0AA6 is expensive based on its Price-To-Earnings Ratio (26.3x) compared to the estimated Fair Price-To-Earnings Ratio (21.9x).

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 0AA6 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€18.13
€25.05
+38.2%
13.4%€32.50€19.00n/a15
Nov ’25€18.42
€25.05
+35.9%
13.4%€32.50€19.00n/a15
Oct ’25€20.12
€25.05
+24.5%
14.1%€33.00€18.50n/a15
Sep ’25€19.05
€24.62
+29.2%
15.2%€33.00€18.50n/a15
Aug ’25€17.89
€24.69
+38.0%
13.3%€31.50€20.00n/a15
Jul ’25€16.78
€25.25
+50.4%
12.9%€31.50€20.00n/a15
Jun ’25€19.49
€25.59
+31.3%
12.1%€31.50€20.00n/a14
May ’25€22.83
€25.59
+12.1%
12.7%€31.50€19.00n/a14
Apr ’25€19.59
€25.24
+28.8%
15.2%€31.50€18.50n/a14
Mar ’25€19.64
€25.95
+32.1%
15.9%€32.50€17.00n/a13
Feb ’25€19.39
€25.95
+33.8%
15.9%€32.50€17.00n/a13
Jan ’25€22.20
€25.95
+16.9%
17.0%€32.50€16.50n/a13
Dec ’24€20.60
€25.95
+26.0%
17.0%€32.50€16.50n/a13
Nov ’24€16.20
€26.22
+61.9%
15.7%€32.50€17.50€18.4213
Oct ’24€18.40
€27.72
+50.7%
14.3%€33.50€19.50€20.1213
Sep ’24€20.37
€28.15
+38.2%
13.6%€33.50€19.50€19.0513
Aug ’24€23.11
€29.25
+26.6%
14.7%€36.00€20.50€17.8912
Jul ’24€20.87
€29.63
+42.0%
13.5%€36.00€20.50€16.7812
Jun ’24€23.20
€29.63
+27.7%
13.5%€36.00€20.50€19.4912
May ’24€21.49
€29.50
+37.3%
14.9%€36.00€20.50€22.8311
Apr ’24€23.31
€29.82
+27.9%
14.2%€37.00€21.50€19.5911
Mar ’24€23.78
€29.11
+22.4%
13.4%€35.00€21.50€19.6411
Feb ’24€24.62
€28.97
+17.7%
14.2%€35.00€21.50€19.3910
Jan ’24€26.32
€28.98
+10.1%
15.4%€35.00€21.50€22.209
Dec ’23€25.40
€29.66
+16.8%
11.8%€34.00€24.30€20.608
Nov ’23€23.08
€29.54
+28.0%
11.7%€34.00€24.30€16.208

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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