| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 1/6 |
| Past Performance | 4/6 |
| Financial Health | 4/6 |
| Dividends | 5/6 |
AZM Overview
Azimut Holding S.p.A., together with its subsidiaries, distributes, manages, and promotes financial and insurance products.
Azimut Holding Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | €24.75 |
| 52 Week High | €13.93 |
| 52 Week Low | €24.90 |
| Beta | 1.81 |
| 1 Month Change | 1.39% |
| 3 Month Change | 13.79% |
| 1 Year Change | 56.79% |
| 3 Year Change | 131.42% |
| 5 Year Change | 66.55% |
| Change since IPO | 568.92% |
Recent News & Updates
Results: Azimut Holding S.p.A. Beat Earnings Expectations And Analysts Now Have New Forecasts
As you might know, Azimut Holding S.p.A. ( BIT:AZM ) just kicked off its latest yearly results with some very strong...
Shareholder Returns
| AZM | IT Capital Markets | IT Market | |
|---|---|---|---|
| 7D | 4.8% | 3.9% | 0.5% |
| 1Y | 56.8% | 48.0% | 36.4% |
Return vs Industry: AZM exceeded the Italian Capital Markets industry which returned 48% over the past year.
Return vs Market: AZM exceeded the Italian Market which returned 36.4% over the past year.
Price Volatility
| AZM volatility | |
|---|---|
| AZM Beta | 1.81 |
| Industry Beta | 1.51 |
| Market Beta | 1 |
Stable Share Price: AZM is less volatile than 75% of Italian stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: AZM's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1989 | 1,359 | Martini Paolo | https://www.azimut.it |
Azimut Holding S.p.A., together with its subsidiaries, distributes, manages, and promotes financial and insurance products. The company offers mutual fund management, life and third party insurances, wealth management, investment portfolio individual management, insurance mediation, financial planning, and fund and asset management services; order receipt and transmission activities; invests in the digital sector; and manages Italian, pension, alternative, discretionary, private equity and debt funds, and various other investment plans, as well as placement and financial advisory services. It operates in Luxembourg, Ireland, China, Monaco, Switzerland, Singapore, Brazil, Mexico, Taiwan, Chile, Australia, Turkey, the United States, the United Arab Emirates, and Egypt.
Azimut Holding Fundamentals Summary
| AZM fundamental statistics | |
|---|---|
| Market Cap | €3.46b |
| Earnings (TTM) | €464.72m |
| Revenue (TTM) | €1.38b |
7.4x
P/E Ratio2.5x
P/S RatioIs AZM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| AZM income statement (TTM) | |
|---|---|
| Revenue | €1.38b |
| Cost of Revenue | €571.05m |
| Gross Profit | €813.13m |
| Expenses | €348.41m |
| Earnings | €464.72m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 11, 2021
| Earnings per share (EPS) | 3.33 |
| Gross Margin | 58.74% |
| Net Profit Margin | 33.57% |
| Debt/Equity Ratio | 100.2% |
How did AZM perform over the long term?
See historical performance and comparisonDividends
4.0%
Current Dividend Yield30%
Payout RatioValuation
Is Azimut Holding undervalued compared to its fair value and its price relative to the market?
40.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AZM (€24.75) is trading below our estimate of fair value (€41.55)
Significantly Below Fair Value: AZM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AZM is good value based on its PE Ratio (7.4x) compared to the Italian Capital Markets industry average (13.7x).
PE vs Market: AZM is good value based on its PE Ratio (7.4x) compared to the Italian market (19.8x).
Price to Earnings Growth Ratio
PEG Ratio: AZM's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: AZM is overvalued based on its PB Ratio (4.1x) compared to the IT Capital Markets industry average (1.5x).
Future Growth
How is Azimut Holding forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
-0.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AZM's earnings are forecast to decline over the next 3 years (-0.6% per year).
Earnings vs Market: AZM's earnings are forecast to decline over the next 3 years (-0.6% per year).
High Growth Earnings: AZM's earnings are forecast to decline over the next 3 years.
Revenue vs Market: AZM's revenue (2% per year) is forecast to grow slower than the Italian market (2.2% per year).
High Growth Revenue: AZM's revenue (2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AZM's Return on Equity is forecast to be high in 3 years time (24%)
Past Performance
How has Azimut Holding performed over the past 5 years?
21.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AZM has high quality earnings.
Growing Profit Margin: AZM's current net profit margins (33.6%) are higher than last year (29.1%).
Past Earnings Growth Analysis
Earnings Trend: AZM's earnings have grown significantly by 21.9% per year over the past 5 years.
Accelerating Growth: AZM's earnings growth over the past year (35.2%) exceeds its 5-year average (21.9% per year).
Earnings vs Industry: AZM earnings growth over the past year (35.2%) underperformed the Capital Markets industry 36%.
Return on Equity
High ROE: Whilst AZM's Return on Equity (52.79%) is outstanding, this metric is skewed due to their high level of debt.
Financial Health
How is Azimut Holding's financial position?
Financial Position Analysis
Short Term Liabilities: AZM's short term assets (€8.1B) exceed its short term liabilities (€586.1M).
Long Term Liabilities: AZM's short term assets (€8.1B) exceed its long term liabilities (€7.7B).
Debt to Equity History and Analysis
Debt Level: AZM's debt to equity ratio (100.2%) is considered high.
Reducing Debt: AZM's debt to equity ratio has increased from 35.6% to 100.2% over the past 5 years.
Debt Coverage: AZM's debt is well covered by operating cash flow (66.2%).
Interest Coverage: AZM's interest payments on its debt are well covered by EBIT (30.6x coverage).
Balance Sheet
Dividend
What is Azimut Holding current dividend yield, its reliability and sustainability?
4.04%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AZM's dividend (4.04%) is higher than the bottom 25% of dividend payers in the Italian market (1.02%).
High Dividend: AZM's dividend (4.04%) is in the top 25% of dividend payers in the Italian market (3.43%)
Stability and Growth of Payments
Stable Dividend: AZM's dividend payments have been volatile in the past 10 years.
Growing Dividend: AZM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (29.8%), AZM's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AZM's dividends in 3 years are forecast to be well covered by earnings (47.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.5yrs
Average management tenure
CEO
Martini Paolo (48 yo)
2.5yrs
Tenure
€282,000
Compensation
Dr. Martini Paolo serves as Vice Chairman of the Board at Azimut Capital Management Sgr SpA since April 2019, where he served as Co-Chief Executive Officer from October 2016 to April 2019. Dr. Paolo serves...
CEO Compensation Analysis
Compensation vs Market: Insufficient data to establish whether Martini's total compensation is reasonable compared to companies of similar size in the Italian market.
Compensation vs Earnings: Insufficient data to compare Martini's compensation with company performance.
Leadership Team
Experienced Management: AZM's management team is considered experienced (2.5 years average tenure).
Board Members
Experienced Board: AZM's board of directors are considered experienced (3.7 years average tenure).
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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Azimut Holding S.p.A.'s employee growth, exchange listings and data sources
Key Information
- Name: Azimut Holding S.p.A.
- Ticker: AZM
- Exchange: BIT
- Founded: 1989
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: €3.455b
- Shares outstanding: 139.61m
- Website: https://www.azimut.it
Number of Employees
Location
- Azimut Holding S.p.A.
- Via Cusani, 4
- Milan
- Milan
- 20121
- Italy
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/23 17:44 |
| End of Day Share Price | 2021/10/22 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.