- Azelis reported third-quarter revenue of €1.05 billion, marking a 1.5% increase year-over-year. This was below the estimated €1.08 billion.
- The company’s net debt at the end of the period stood at €1.50 billion.
- Gross margin improved to 24.5%, up from 23.9% year-over-year, surpassing the estimate of 23.7%.
- Adjusted EBITA reached €115.2 million, a 3% increase year-over-year, but fell short of the estimated €119.9 million.
- For the nine months, free cash flow was reported at €218.4 million, reflecting a 44% decrease year-over-year.
- Despite current uncertainties, Azelis’ management is optimistic about the company’s readiness to capitalize on a recovering market.
- Analyst recommendations include 14 buy ratings, 3 hold ratings, and 0 sell ratings.
Azelis Group NV on Smartkarma
Analyst coverage of Azelis Group NV on Smartkarma by Value Investors Club indicates a bullish sentiment towards the company as of their report titled “Azelis (AZE) – Tuesday, May 28, 2024“. The report highlights Azelis’ focus on specialized products tailored to specific applications or industries within the specialty chemicals sector. Despite challenges faced in FY23 and the current business environment, the analysts view Azelis as an attractive investment opportunity with strong earnings potential and anticipated EBITDA growth. The information in the report was sourced from publicly available data and was published on Value Investors Club around 3 months ago.
A look at Azelis Group NV Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have given Azelis Group NV a mixed outlook based on their Smart Scores. While the company scores high in terms of Growth and Momentum, indicating strong potential for expansion and positive market sentiment, it falls slightly behind in terms of Value and Dividend scores. This suggests that Azelis Group NV may offer good growth opportunities but may not be considered a high-value or high-dividend stock. With a resilient score in the middle range, the company seems to have a stable operational foundation.
Azelis Group NV, a wholesaler and distributor of chemicals globally, has received a promising outlook in terms of growth potential and market momentum. However, investors should be mindful of the company’s current valuation and dividend offerings. With a diverse portfolio of chemicals, food ingredients, and additives, Azelis Group serves a wide customer base, indicating potential for continued expansion and market reach in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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