Azimut Holding (AZM) Stock Overview
Provides asset management and advisory solutions in Italy, Europe, the Middle East, the Americas, and the Asia-Pacific. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 2/6 |
| Past Performance | 4/6 |
| Financial Health | 5/6 |
| Dividends | 5/6 |
AZM Community Fair Values
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Analyst Price Targets
Azimut Holding S.p.A. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | €39.05 |
| 52 Week High | €39.55 |
| 52 Week Low | €30.19 |
| Beta | 0.98 |
| 1 Month Change | 3.03% |
| 3 Month Change | 4.08% |
| 1 Year Change | 25.36% |
| 3 Year Change | 86.40% |
| 5 Year Change | 60.96% |
| Change since IPO | 955.41% |
Recent News & Updates
Narrative Update • Sep 17
AZM: Buyback Plans And Earnings Outlook Will Support Fairly Valued Upside
Analysts have modestly lifted their price targets for Azimut Holding, reflecting a fair value adjustment from about €40.47 to about €42.04 as they factor in slightly updated assumptions on discount rate, profit margin and future P/E multiples. What's in the News Azimut Holding plans to start a share repurchase program on August 6, 2026, authorizing buybacks of up to 14,000,000 shares, which represents 9.77% of its issued share capital, under a mandate from the shareholders meeting held on April 23, 2026.
Narrative Update • Sep 03
AZM: Buyback Plan And Higher Multiple Will Support Future Repricing
Analysts have raised their price target for Azimut Holding from €43.00 to approximately €49.98 as they factor in updated assumptions on revenue growth, profit margins and future P/E levels. What's in the News for Azimut Holding Azimut Holding plans to commence a share repurchase program on August 6, 2026, following approval at the Ordinary and Extraordinary Shareholders General Meeting on April 23, 2026.Narrative Update • Aug 16
AZM: Buyback Plans And Earnings Outlook Will Support Measured Upside
Analysts have raised their price target for Azimut Holding from about €38.70 to about €40.47, citing updated assumptions on revenue growth, profit margins and future P/E levels that adjust their view of fair value and risk for the stock. What's in the News for Azimut Holding Azimut Holding plans to commence a share repurchase program on August 6, 2026.Narrative Update • Aug 02
AZM: Completed Buyback Will Support Future Repricing Potential
Analysts have kept their €43.00 price target for Azimut Holding unchanged, citing slightly lower modeled revenue growth and profit margin assumptions, along with a modest adjustment to the discount rate and future P/E, as the main factors behind the stable view. What’s in the News for Azimut Holding Between January 1, 2026 and March 31, 2026, Azimut Holding repurchased 488,072 shares for €16.4 million, equal to 0.35% of its share capital under an ongoing buyback program.Recent updates
Narrative Update • Sep 17
AZM: Buyback Plans And Earnings Outlook Will Support Fairly Valued Upside
Analysts have modestly lifted their price targets for Azimut Holding, reflecting a fair value adjustment from about €40.47 to about €42.04 as they factor in slightly updated assumptions on discount rate, profit margin and future P/E multiples. What's in the News Azimut Holding plans to start a share repurchase program on August 6, 2026, authorizing buybacks of up to 14,000,000 shares, which represents 9.77% of its issued share capital, under a mandate from the shareholders meeting held on April 23, 2026.Narrative Update • Sep 03
AZM: Buyback Plan And Higher Multiple Will Support Future Repricing
Analysts have raised their price target for Azimut Holding from €43.00 to approximately €49.98 as they factor in updated assumptions on revenue growth, profit margins and future P/E levels. What's in the News for Azimut Holding Azimut Holding plans to commence a share repurchase program on August 6, 2026, following approval at the Ordinary and Extraordinary Shareholders General Meeting on April 23, 2026.Narrative Update • Aug 16
AZM: Buyback Plans And Earnings Outlook Will Support Measured Upside
Analysts have raised their price target for Azimut Holding from about €38.70 to about €40.47, citing updated assumptions on revenue growth, profit margins and future P/E levels that adjust their view of fair value and risk for the stock. What's in the News for Azimut Holding Azimut Holding plans to commence a share repurchase program on August 6, 2026.Narrative Update • Aug 02
AZM: Completed Buyback Will Support Future Repricing Potential
Analysts have kept their €43.00 price target for Azimut Holding unchanged, citing slightly lower modeled revenue growth and profit margin assumptions, along with a modest adjustment to the discount rate and future P/E, as the main factors behind the stable view. What’s in the News for Azimut Holding Between January 1, 2026 and March 31, 2026, Azimut Holding repurchased 488,072 shares for €16.4 million, equal to 0.35% of its share capital under an ongoing buyback program.
Narrative Update • Jun 16
AZM: Dividend Outlook And Funding Plans Will Shape Balanced Return Profile
Analysts have nudged their price target for Azimut Holding up from €33.70 to €35.00, citing updated assumptions that include a slightly lower discount rate, a modestly adjusted revenue growth outlook, a marginally higher profit margin and a small change in the future P/E estimate. What’s in the News for Azimut Holding No recent company specific news items for Azimut Holding were provided in the available sources.Narrative Update • Jun 02
AZM: Future €2 Dividend And Stronger Margins Will Support Upside
Analysts have made a small upward revision to Azimut Holding's price target, moving it from €38.29 to €38.70. This reflects updates to their views on discount rate, revenue growth, profit margin and future P/E assumptions.Narrative Update • May 07
AZM: Future Dividend And Updated Assumptions Will Support Fair Valuation
Analysts have nudged their fair value estimate for Azimut Holding from about €37.34 to €38.29, citing updated assumptions for revenue growth, profit margins and future P/E. These revisions feed into a slightly higher discounted cash flow outcome, despite a modestly higher discount rate.Narrative Update • Apr 20
AZM: Dividend Outlook And Funding Plans Will Shape Balanced Return Profile
Analysts have lifted their price target for Azimut Holding from about €25.90 to roughly €33.70. This reflects updated assumptions that factor in a revised discount rate, a shift to expected revenue growth of 4.33%, a profit margin estimate of 31.80%, and a forward P/E of 11.66x.Narrative Update • Apr 06
AZM: Future Dividend And Lower Risk Assumptions Will Support Undervalued Shares
Analysts have raised their price target on Azimut Holding to €37.34 from €36.34, reflecting updated assumptions on discount rate, revenue growth, profit margin and future P/E that they believe better represent the group’s current profile. What's in the News Azimut Holding S.p.A. announced an annual dividend of €2.0000 per share, with an ex-dividend date of May 18, 2026, a record date of May 19, 2026, and a payment date of May 20, 2026 (Key Developments).Narrative Update • Mar 23
AZM: Dividend And Private Placement Will Support Future Repricing Potential
Analysts kept their €43.00 price target on Azimut Holding unchanged, noting slightly adjusted assumptions for the discount rate, revenue growth, profit margin and future P/E that refine rather than significantly alter their overall view on the stock. What's in the News Azimut Holding S.p.A. announced an annual dividend of €2.00 per share, with an ex date on May 18, 2026, a record date on May 19, 2026, and payment scheduled for May 20, 2026 (Key Developments).Narrative Update • Mar 08
AZM: Stable Fair Value And Private Placement Will Support Future Repricing
Analysts have maintained their €43.00 price target for Azimut Holding, explaining that a slightly lower discount rate and higher revenue growth assumptions are offset by a reduced profit margin outlook and a broadly similar future P/E multiple in their model. What's in the News Azimut Holding S.p.A. received €70 million in the first tranche of a private placement led by Cassa Depositi e Prestiti S.p.A. and Mediocredito Centrale S.p.A. on February 23, 2026, with the company issuing debt as part of the transaction (Key Developments).Narrative Update • Feb 21
AZM: Steady Fair Value And Minor Assumption Tweaks Will Support Bullish Repricing
Analysts are keeping their price target for Azimut Holding steady at €43.00. This reflects only small adjustments to underlying assumptions on discount rate, revenue growth, profit margin and future P/E that do not materially change their overall valuation view.Narrative Update • Feb 07
AZM: Planned Share Buyback And Refinements Will Support Bullish Repricing
Analysts have kept their €43.00 price target for Azimut Holding unchanged, citing slightly different assumptions on the discount rate, revenue growth, profit margin and future P/E to support their updated view. What's in the News Azimut Holding S.p.A. plans to start a share repurchase program on November 13, 2025, following approval at the April 30, 2025 Annual and Extraordinary General Meeting (Key Developments).Narrative Update • Jan 24
AZM: Share Buyback And Profit Outlook Will Support Bullish Repricing
Analysts have raised their price target on Azimut Holding from €35.00 to €43.00, citing updated assumptions related to discount rates, profit margins and future P/E expectations. What's in the News Azimut Holding plans to start a share repurchase program on November 13, 2025, with authorization to buy back up to 14,000,000 shares, equal to 9.77% of its issued share capital, in multiple tranches (company announcement).Narrative Update • Jan 10
AZM: Future Profit Targets And Buybacks Will Support Fairly Valued Shares
Analysts have trimmed their price target on Azimut Holding to approximately €36.34. They attribute this change to slightly lower assumed discount rates and a modestly reduced future P/E multiple, while keeping revenue growth and profit margin assumptions broadly unchanged.Narrative Update • Dec 25
AZM: Future Earnings Guidance And Buybacks Will Support Fairly Valued Shares
Analysts have slightly raised their price target for Azimut Holding to approximately €36.34, citing modest improvements in the discount rate and forward valuation assumptions, while keeping long term growth and profitability forecasts broadly unchanged. What's in the News Azimut Holding updated its 2025 earnings guidance, now expecting core group net profit to exceed EUR 500 million, compared with a prior lower end target of EUR 400 million (company guidance).Narrative Update • Dec 11
AZM: Future Buybacks And Profit Outlook Will Offset Slightly Higher Discount Rate
Analysts have modestly raised their price target on Azimut Holding, lifting the fair value estimate by EUR 0.00 per share as they factor in a slightly higher discount rate along with stable long term growth and profitability assumptions. What's in the News Azimut Holding S.p.A. launched a share repurchase program starting November 13, 2025, authorizing buybacks of up to 14 million shares, or 9.77% of its share capital, in multiple tranches at prices between the implied book value and a maximum of EUR 40 per share (Key Developments) The company raised its 2025 core group net profit target and now expects to exceed EUR 500 million compared with the previous lower end guidance of EUR 400 million (Key Developments) Azimut issued new guidance for 2026 and forecasts group net profit of above EUR 1 billion, indicating a strong multi year growth outlook (Key Developments) Valuation Changes Fair Value Estimate remains unchanged at approximately €36.34 per share, indicating no revision to the intrinsic valuation.Narrative Update • Nov 27
AZM: Upcoming Share Buybacks And Higher Profits Will Balance Elevated Discount Rate
Analysts have slightly lowered their fair value estimate for Azimut Holding from €36.76 to €36.34, citing recent adjustments to the discount rate and projected valuation multiples. What's in the News Azimut Holding S.p.A. has commenced a share repurchase program, with authorization to buy back up to 14,000,000 shares, representing 9.77% of its issued share capital, at unit prices between the book value and €40.Narrative Update • Nov 10
AZM: Future Profit Margin Improvements Will Offset Slower Revenue Expansion
Azimut Holding’s analyst price target has been increased from €34.37 to €36.76, as analysts cite improved profit margin forecasts, which offset slightly lower expectations for revenue growth. Valuation Changes The Fair Value estimate has increased from €34.37 to €36.76, reflecting a modest improvement.Narrative Update • Oct 27
Wealth Management And Digital Tools Will Create Future Opportunities
Azimut Holding's analyst price target has been raised from €32.73 to €34.37, as analysts cite improved revenue growth and profit margin forecasts, which support the higher valuation. Valuation Changes The Fair Value estimate has increased from €32.73 to €34.37, reflecting a higher overall valuation.Narrative Update • Oct 13
Wealth Management And Digital Tools Will Create Future Opportunities
Analysts have slightly raised their price target for Azimut Holding from €32.16 to €32.73, supported by modest improvements in model assumptions for fair value and discount rate. Valuation Changes Fair Value: increased slightly from €32.16 to €32.73 Discount Rate: decreased marginally from 10.91% to 10.88% Revenue Growth: unchanged at approximately 1.83% Net Profit Margin: unchanged at roughly 34.45% Future P/E: increased modestly from 12.09x to 12.29xNarrative Update • Sep 18
Wealth Management And Digital Tools Will Create Future Opportunities
The upward revision in Azimut Holding’s price target reflects improved revenue growth forecasts despite a marginal decline in net profit margin, resulting in a new consensus fair value of €32.16. Valuation Changes Summary of Valuation Changes for Azimut Holding The Consensus Analyst Price Target has risen slightly from €31.06 to €32.16.
New Narrative • Dec 25
Digital Bank Launch And Tactical Partnerships Expected To Boost Revenue, But Regulatory Risks May Erode Margins
Strategic exits and partnerships, such as with Oaktree, will generate capital and enhance revenue, supporting future earnings through joint ventures.Shareholder Returns
| AZM | IT Capital Markets | IT Market | |
|---|---|---|---|
| 7D | 0.4% | 0.6% | 1.4% |
| 1Y | 25.4% | 25.9% | 20.0% |
Return vs Industry: AZM matched the Italian Capital Markets industry which returned 25.9% over the past year.
Return vs Market: AZM exceeded the Italian Market which returned 20% over the past year.
Price Volatility
| AZM volatility | |
|---|---|
| AZM Average Weekly Movement | 3.1% |
| Capital Markets Industry Average Movement | 3.0% |
| Market Average Movement | 4.1% |
| 10% most volatile stocks in IT Market | 7.2% |
| 10% least volatile stocks in IT Market | 2.6% |
Stable Share Price: AZM has not had significant price volatility in the past 3 months compared to the Italian market.
Volatility Over Time: AZM's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1990 | 1,090 | Zambotti Alessandro | www.azimut-group.com |
Azimut Holding S.p.A. provides asset management and advisory solutions in Italy, Europe, the Middle East, the Americas, and the Asia-Pacific. It offers public and private markets, discretionary portfolio management, and token and digital asset solutions; advisory services; corporate investment banking and fintech solutions; mutual funds harmonized with the UCITS directive; alternative investment funds and open pension funds; and individual management of investment portfolios on behalf of third parties. The company also provides private insurance, unit linked insurance plans, and optional coverage; and pensions for individuals and companies.
Azimut Holding S.p.A. Fundamentals Summary
| AZM fundamental statistics | |
|---|---|
| Market cap | €5.57b |
| Earnings (TTM) | €527.64m |
| Revenue (TTM) | €1.57b |
10.6x
P/E Ratio3.5x
P/S RatioIs AZM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| AZM income statement (TTM) | |
|---|---|
| Revenue | €1.57b |
| Cost of Revenue | €616.84m |
| Gross Profit | €957.26m |
| Other Expenses | €429.62m |
| Earnings | €527.64m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
Nov 05, 2026
| Earnings per share (EPS) | 3.70 |
| Gross Margin | 60.81% |
| Net Profit Margin | 33.52% |
| Debt/Equity Ratio | 2.3% |
How did AZM perform over the long term?
See historical performance and comparisonDividends
5.1%
Current Dividend Yield54%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/18 23:44 |
| End of Day Share Price | 2026/09/18 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Azimut Holding S.p.A. is covered by 18 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Irene Rossetto | Banca Akros S.p.A. (ESN) |
| Enrico Esposti | Banca Akros S.p.A. (ESN) |
| Giorgia Ariano | Banca Akros S.p.A. (ESN) |