Interested In Azimut Holding S.p.A. (BIT:AZM)? Here's What Its Recent Performance Looks Like

Investors with a long-term horizong may find it valuable to assess Azimut Holding S.p.A.'s (BIT:AZM) earnings trend over time and against its industry benchmark as opposed to simply looking at a sincle earnings announcement at one point in time. Below is my commentary, albiet very simple and high-level, on how Azimut Holding is currently performing.

Check out our latest analysis for Azimut Holding

Commentary On AZM's Past Performance

AZM's trailing twelve-month earnings (from 30 June 2019) of €221m has jumped 33% compared to the previous year.

Furthermore, this one-year growth rate has exceeded its 5-year annual growth average of 3.1%, indicating the rate at which AZM is growing has accelerated. What's the driver of this growth? Let's take a look at whether it is solely due to industry tailwinds, or if Azimut Holding has experienced some company-specific growth.

In terms of returns from investment, Azimut Holding has invested its equity funds well leading to a 39% return on equity (ROE), above the sensible minimum of 20%. Furthermore, its return on assets (ROA) of 3.1% exceeds the IT Capital Markets industry of 1.4%, indicating Azimut Holding has used its assets more efficiently. And finally, its return on capital (ROC), which also accounts for Azimut Holding’s debt level, has increased over the past 3 years from 2.1% to 3.7%.

What does this mean?

While past data is useful, it doesn’t tell the whole story. Companies that have performed well in the past, such as Azimut Holding gives investors conviction. However, the next step would be to assess whether the future looks as optimistic. You should continue to research Azimut Holding to get a more holistic view of the stock by looking at:

1. Future Outlook: What are well-informed industry analysts predicting for AZM’s future growth? Take a look at our free research report of analyst consensus for AZM’s outlook.
2. Financial Health: Are AZM’s operations financially sustainable? Balance sheets can be hard to analyze, which is why we’ve done it for you. Check out our financial health checks here.
3. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here.

NB: Figures in this article are calculated using data from the trailing twelve months from 30 June 2019. This may not be consistent with full year annual report figures.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.