Akzo Nobel
Market Cap
€14.0b
Last Updated
2020/05/31 21:13 UTC
Data Sources
Company Financials +
Executive Summary
Akzo Nobel N.V. operates as a paints and coatings company worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with proven track record.
Similar Companies
Share Price & News
How has Akzo Nobel's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AKZA's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
1.3%
AKZA
0.8%
NL Chemicals
1.3%
NL Market
1 Year Return
-2.5%
AKZA
0.6%
NL Chemicals
-13.2%
NL Market
Return vs Industry: AKZA underperformed the Dutch Chemicals industry which returned 0.6% over the past year.
Return vs Market: AKZA exceeded the Dutch Market which returned -13.3% over the past year.
Shareholder returns
| AKZA | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.3% | 0.8% | 1.3% |
| 30 Day | 6.4% | 3.4% | 3.4% |
| 90 Day | 1.2% | 2.8% | -5.1% |
| 1 Year | 0.1%-2.5% | 2.7%0.6% | -10.4%-13.2% |
| 3 Year | 17.1%-13.6% | 31.6%11.7% | 1.1%-9.3% |
| 5 Year | 38.0%-2.9% | 55.1%26.6% | 21.3%-1.6% |
Price Volatility Vs. Market
How volatile is Akzo Nobel's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
Is Now An Opportune Moment To Examine Akzo Nobel N.V. (AMS:AKZA)?2 months ago | Simply Wall St
What Does Akzo Nobel N.V.'s (AMS:AKZA) P/E Ratio Tell You?2 months ago | Simply Wall St
How Does Akzo Nobel's (AMS:AKZA) P/E Compare To Its Industry, After The Share Price Drop?Valuation
Is Akzo Nobel undervalued compared to its fair value and its price relative to the market?
17.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AKZA (€73.6) is trading below our estimate of fair value (€89.24)
Significantly Below Fair Value: AKZA is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: AKZA is good value based on its PE Ratio (26.4x) compared to the Chemicals industry average (26.4x).
PE vs Market: AKZA is poor value based on its PE Ratio (26.4x) compared to the Dutch market (15.1x).
Price to Earnings Growth Ratio
PEG Ratio: AKZA is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: AKZA is overvalued based on its PB Ratio (2.2x) compared to the NL Chemicals industry average (2.1x).
Next Steps
Future Growth
How is Akzo Nobel forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?
15.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AKZA's forecast earnings growth (15.3% per year) is above the savings rate (0.4%).
Earnings vs Market: AKZA's earnings (15.3% per year) are forecast to grow slower than the Dutch market (19.8% per year).
High Growth Earnings: AKZA's earnings are forecast to grow, but not significantly.
Revenue vs Market: AKZA's revenue (5.2% per year) is forecast to grow slower than the Dutch market (7.2% per year).
High Growth Revenue: AKZA's revenue (5.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AKZA's Return on Equity is forecast to be low in 3 years time (13.8%).
Next Steps
Past Performance
How has Akzo Nobel performed over the past 5 years?
-16.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AKZA has high quality earnings.
Growing Profit Margin: AKZA's current net profit margins (6.2%) are higher than last year (3.8%).
Past Earnings Growth Analysis
Earnings Trend: AKZA's earnings have declined by -16.3% per year over the past 5 years.
Accelerating Growth: AKZA's earnings growth over the past year (59.6%) exceeds its 5-year average (-16.3% per year).
Earnings vs Industry: AKZA earnings growth over the past year (59.6%) exceeded the Chemicals industry -22%.
Return on Equity
High ROE: AKZA's Return on Equity (9.1%) is considered low.
Next Steps
Financial Health
How is Akzo Nobel's financial position?
Financial Position Analysis
Short Term Liabilities: AKZA's short term assets (€4.4B) exceed its short term liabilities (€3.0B).
Long Term Liabilities: AKZA's short term assets (€4.4B) exceed its long term liabilities (€3.5B).
Debt to Equity History and Analysis
Debt Level: AKZA's debt to equity ratio (29.6%) is considered satisfactory.
Reducing Debt: AKZA's debt to equity ratio has reduced from 48.8% to 29.6% over the past 5 years.
Debt Coverage: AKZA's debt is well covered by operating cash flow (37.7%).
Interest Coverage: AKZA's interest payments on its debt are well covered by EBIT (13.2x coverage).
Balance Sheet
Next Steps
Dividend
What is Akzo Nobel's current dividend yield, its reliability and sustainability?
2.58%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AKZA's dividend (2.58%) is higher than the bottom 25% of dividend payers in the Dutch market (2.5%).
High Dividend: AKZA's dividend (2.58%) is low compared to the top 25% of dividend payers in the Dutch market (7.03%).
Stability and Growth of Payments
Stable Dividend: AKZA's dividend payments have been volatile in the past 10 years.
Growing Dividend: AKZA's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (68%), AKZA's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AKZA's dividends in 3 years are forecast to be well covered by earnings (45.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Thierry F. Vanlancker (55yo)
2.83yrs
Tenure
€3,561,212
Compensation
Mr. Thierry F. J. Vanlancker has been Chief Executive Officer and Chairman of the Board of Management at Akzo Nobel N.V. since July 19, 2017 and its Member of Board of Management since September 8, 2017. M ...
CEO Compensation Analysis
Compensation vs Market: Thierry F.'s total compensation ($USD3.96M) is about average for companies of similar size in the Dutch market ($USD4.85M).
Compensation vs Earnings: Thierry F.'s compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board of Management & CEO | 2.83yrs | €3.56m | 0.023% €3.2m | |
| CFO & Member of Management Board | 2.33yrs | €1.84m | 0.0030% €418.5k | |
| Chief Operating Officer | no data | no data | no data | |
| Director of Communications & Investor Relation | no data | no data | no data | |
| General Counsel | 1.75yrs | no data | no data | |
| Global Head of Communications & Public Affairs and Corporate Director | 4.83yrs | no data | no data | |
| Chief Human Resources Officer | 0.17yr | no data | no data | |
| Senior Vice President of Human Resources | no data | no data | no data | |
| Managing Director of Decorative Paints - Latin America Operations | no data | no data | no data | |
| Managing Director of Decorative Coatings - North & West Europe | no data | no data | no data |
2.3yrs
Average Tenure
55yo
Average Age
Experienced Management: AKZA's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Member of the Supervisory Board | 2.42yrs | €92.50k | no data | |
| Independent Member of the Supervisory Board | 4yrs | €92.50k | no data | |
| Independent Deputy Chairman of the Supervisory Board | 3.58yrs | €130.50k | 0.0031% €431.2k | |
| Independent Member of the Supervisory Board | 2.42yrs | €97.50k | no data | |
| Independent Chairman of the Supervisory Board | 2yrs | €162.50k | 0.0024% €331.5k | |
| Independent Member of the Supervisory Board | 5.33yrs | €107.50k | no data | |
| Independent Member of the Supervisory Board | 2.42yrs | €87.50k | 0.00023% €32.3k | |
| Independent Member of the Supervisory Board | 1yr | €59.17k | no data |
2.4yrs
Average Tenure
61.5yo
Average Age
Experienced Board: AKZA's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AKZA insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Akzo Nobel N.V.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Akzo Nobel N.V.
- Ticker: AKZA
- Exchange: ENXTAM
- Founded: 1646
- Industry: Specialty Chemicals
- Sector: Materials
- Market Cap: €14.045b
- Shares outstanding: 190.83m
- Website: https://www.akzonobel.com
Number of Employees
Location
- Akzo Nobel N.V.
- Christian Neefestraat 2
- PO Box 75730
- Amsterdam
- Noord-Holland
- 1070 AS
- Netherlands
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AKZO.Y | OTCPK (Pink Sheets LLC) | SPON ADS EACH REP 1/3 ORD SHS(R/S) | US | USD | May 1989 | |
| AKUP | DB (Deutsche Boerse AG) | SPON ADS EACH REP 1/3 ORD SHS(R/S) | DE | EUR | May 1989 | |
| AKZO.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Dec 1989 |
| AKZA | ENXTAM (Euronext Amsterdam) | Yes | Common Shares | NL | EUR | Dec 1989 |
| AKZO | WBAG (Wiener Boerse AG) | Yes | Common Shares | AT | EUR | Dec 1989 |
| AKU1 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Dec 1989 |
| AKZ | SWX (SIX Swiss Exchange) | Yes | Common Shares | CH | CHF | Dec 1989 |
| 0A00 | LSE (London Stock Exchange) | Yes | Common Shares | GB | EUR | Dec 1989 |
| AKZAA | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Shares | GB | EUR | Dec 1989 |
| AKU1 | ETLX (Eurotlx) | Yes | Common Shares | IT | EUR | Dec 1989 |
Biography
Akzo Nobel N.V. operates as a paints and coatings company worldwide. It offers decorative paints, including paints, lacquers, and varnishes; a range of mixing machines and color concepts for the building and renovation industry; and specialty coatings for metal, wood, and other building materials. The company also provides performance coatings to protect and enhance ships, cars, aircraft, yachts, architectural components, consumer goods, and oil and gas facilities. It offers its products primarily under Dulux, International, Sikkens, and Interpon brands. The company was formerly known as Akzo NV and changed its name to Akzo Nobel N.V. in 1994. Akzo Nobel N.V. was founded in 1646 and is headquartered in Amsterdam, the Netherlands.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/05/31 21:13 |
| End of Day Share Price | 2020/05/29 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.