Azimut Holding S.p.A.

LSE:0MHJ Stock Report

Market Cap: €3.3b

Azimut Holding Valuation

Is 0MHJ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: 0MHJ (€23.58) is trading below our estimate of fair value (€59.81)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for 0MHJ. This is calculated by dividing 0MHJ's market cap by their current earnings.
What is 0MHJ's PE Ratio?
PE Ratio6.3x
Earnings€531.65m
Market Cap€3.34b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for 0MHJ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.7x
EMG Man Group
9.7x15.0%UK£2.4b
PHLL Petershill Partners
9.9x34.7%UK£2.7b
ABDN abrdn
8x-20.9%UK£2.5b
BPT Bridgepoint Group
43.2x33.2%UK£2.8b
0MHJ Azimut Holding
6.3x-2.3%€3.3b

Price-To-Earnings vs Peers: 0MHJ is good value based on its Price-To-Earnings Ratio (6.3x) compared to the peer average (17.7x).

Price to Earnings Ratio vs Industry

How does 0MHJ's PE Ratio compare vs other companies in the GB Capital Markets Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PNIX Phoenix Digital Assets
1.2xn/aUS$35.28m
IX. i(x) Net Zero
0.1xn/aUS$8.94m
APQ APQ Global
0.4xn/aUS$5.78m
MAFL Mineral & Financial Investments
1.9xn/aUS$4.94m
No more companies available in this PE range
0MHJ 6.3xIndustry Avg. 12.4xNo. of Companies18PE01020304050+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0MHJ is good value based on its Price-To-Earnings Ratio (6.3x) compared to the UK Capital Markets industry average (12.4x).

Price to Earnings Ratio vs Fair Ratio

What is 0MHJ'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.

0MHJ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.3x
Fair PE Ratio14.4x

Price-To-Earnings vs Fair Ratio: 0MHJ is good value based on its Price-To-Earnings Ratio (6.3x) compared to the estimated Fair Price-To-Earnings Ratio (14.4x).

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 0MHJ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€23.58
€26.64
+13.0%
7.6%€30.60€23.50n/a10
Nov ’25€22.88
€26.94
+17.7%
8.8%€31.00€23.70n/a10
Oct ’25€22.86
€26.84
+17.4%
9.0%€31.00€24.00n/a10
Sep ’25€22.83
€27.08
+18.6%
8.7%€31.00€24.00n/a10
Aug ’25€22.72
€27.44
+20.8%
9.7%€33.00€24.00n/a10
Jul ’25€22.38
€28.12
+25.7%
7.5%€33.00€25.63n/a10
Jun ’25€24.44
€28.12
+15.1%
7.5%€33.00€25.63n/a10
May ’25€24.68
€27.96
+13.3%
7.6%€33.00€26.00n/a10
Apr ’25€25.18
€27.56
+9.5%
5.7%€30.60€26.00n/a10
Mar ’25€26.53
€26.56
+0.1%
5.2%€28.60€22.90n/a10
Feb ’25€25.75
€26.08
+1.3%
6.4%€28.60€22.90n/a11
Jan ’25€23.62
€24.88
+5.3%
5.9%€27.00€22.10n/a11
Dec ’24€22.29
€24.82
+11.3%
5.7%€27.00€22.10n/a11
Nov ’24€19.85
€24.82
+25.0%
7.1%€27.00€20.50€22.8811
Oct ’24€20.77
€25.15
+21.1%
5.8%€27.00€22.50€22.8611
Sep ’24€21.42
€25.15
+17.4%
5.8%€27.00€22.50€22.8311
Aug ’24€21.08
€25.12
+19.2%
6.0%€27.00€22.50€22.7211
Jul ’24€19.75
€25.21
+27.6%
7.0%€28.00€22.00€22.3811
Jun ’24€18.86
€25.21
+33.6%
7.0%€28.00€22.00€24.4411
May ’24€20.16
€25.21
+25.1%
7.0%€28.00€22.00€24.6811
Apr ’24€19.71
€25.23
+28.0%
7.0%€28.00€22.00€25.1811
Mar ’24€22.71
€24.64
+8.5%
9.8%€28.00€21.00€26.5311
Feb ’24€23.08
€24.04
+4.1%
9.7%€27.00€21.00€25.7511
Jan ’24€21.05
€23.05
+9.5%
13.4%€27.00€16.00€23.6211
Dec ’23€19.27
€22.32
+15.8%
13.2%€27.00€16.00€22.2911
Nov ’23€16.36
€22.01
+34.5%
14.7%€27.00€16.00€19.8511

Analyst Forecast: Target price is less than 20% higher than the current share price.

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