Akzo Nobel (AKZOY)
OTHER OTC:AKZOY
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Akzo Nobel
(OTC:AKZOY)
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Rating:65Neutral
Price Target:
$22.00
â–¼(-3.76% Downside)
Action:Reiterated
Date:04/25/26
The score is driven primarily by improving profitability but tempered by declining revenue, higher leverage, and uneven cash-flow coverage. Earnings-call signals are supportive (EBITDA beat, reiterated targets, cost savings and pricing actions), while technicals remain mixed with the stock still below key longer-term moving averages. Valuation is reasonable but not clearly cheap versus the current growth backdrop, partially offset by the dividend yield.
Positive Factors
Improving profitability
Margins have expanded across the income statement and Q1 delivered an EBITDA beat, indicating durable improvement in pricing, cost control and mix. Higher structural margins increase free-cash-flow potential, improve resilience through cycles, and provide capacity to fund transformation and merger integration.
Negative Factors
Declining revenue & weak volumes
Top-line softness driven by disposals, FX and weaker volumes in mature markets erodes scale and limits operating leverage. Persistent weak volumes reduce the firm's ability to spread fixed costs, make margin improvements more dependent on permanent cost cuts, and constrain sustainable growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving profitability
Margins have expanded across the income statement and Q1 delivered an EBITDA beat, indicating durable improvement in pricing, cost control and mix. Higher structural margins increase free-cash-flow potential, improve resilience through cycles, and provide capacity to fund transformation and merger integration.
Read all positive factors
Akzo Nobel (AKZOY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$9.85B
Dividend Yield3.1%
Average Volume (3M)11.20K
Price to Earnings (P/E)22.9
Beta (1Y)0.63
Revenue Growth0.29%
EPS Growth42.11%
CountryUS
Employees34,100
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)1.20
Shares Outstanding513,130,100
10 Day Avg. Volume0
30 Day Avg. Volume11,201
Financial Highlights & Ratios
PEG Ratio1.31
Price to Book (P/B)2.17
Price to Sales (P/S)1.04
P/FCF Ratio17.36
Enterprise Value/Market Cap1.22
Enterprise Value/Revenue1.21
Enterprise Value/Gross Profit3.02
Enterprise Value/Ebitda7.84
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.52
Revenue Forecast (FY)$11.75B
Akzo Nobel Business Overview & Revenue Model
Company Description
Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry...
How the Company Makes Money
Akzo Nobel primarily makes money by selling paints and coatings products to a wide range of customers, generating revenue from the volume of coatings sold and the pricing it can achieve based on product performance, brand strength, and service. A ...
Akzo Nobel Earnings Call Summary
Earnings Call Date:Apr 22, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 28, 2026
Earnings Call Sentiment Positive
The call presented a largely constructive operational and financial picture: a beat on EBITDA, continued margin expansion (notably a strong Deco margin performance), progress on industrial transformation and portfolio optimization, strengthened liquidity and clear pricing actions to mitigate raw material inflation. Key challenges include a reported revenue decline driven by disposals and FX, soft volumes and mix in Coatings (particularly in North America and Europe), expected high-teens raw material inflation and seasonal negative free cash flow. Management emphasized disciplined pricing, cost actions and balance-sheet preparedness, and merger integration with Axalta is progressing on schedule.Positive Updates
EBITDA Beat and Margin Expansion
Q1 adjusted EBITDA of EUR 345 million, 7% ahead of consensus (EUR 323 million). Adjusted EBITDA margin rose to 14.5%, up 80 bps year-on-year, marking the fourth consecutive quarter of margin expansion.
Negative Updates
Reported Revenue Decline
Reported revenue declined ~9% due to a combination of organic decline, disposals and FX: organic sales -1%, India divestment -3%, and FX translation -5%.
Read all updates
Q1-2026 Updates
Positive
Negative
EBITDA Beat and Margin Expansion
Q1 adjusted EBITDA of EUR 345 million, 7% ahead of consensus (EUR 323 million). Adjusted EBITDA margin rose to 14.5%, up 80 bps year-on-year, marking the fourth consecutive quarter of margin expansion.
Read all positive updates
Company Guidance
Akzo expects Q2 adjusted EBITDA of around EUR 400m and reiterates its 2026 adjusted EBITDA target of at or above EUR 1.7bn (including a EUR 100m step‑up driven by ~EUR 90m net savings from the industrial program); volumes are forecast broadly flat in Q2 (after Q1 organic sales -1%, volumes -1%, pricing +1%, mix -1%), while raw‑material and logistics inflation is now expected in the high‑teens for the rest of the year and announced price increases (mid‑single digits to low‑teens) should fully offset that inflation with P&L impact ramping in Q2 and the full effect visible in Q3. Supporting metrics: Q1 adjusted EBITDA was EUR 345m (consensus EUR 323m) with a 14.5% adjusted EBITDA margin (+80bps y/y) and Deco margin expansion of ~300bps (Deco ~17.3%); free cash flow improved by EUR 39m to -€144m, working capital at 16.8% (-20bps y/y), inventories just above 100 days, ROI 13.6% (13.1% prior), leverage ~2x, 15 sites closed to date (3 in Q1) with industrial transformation to be completed by year‑end, issuance of a EUR 1.1bn bond, and a Pakistan Deco sale agreed at ~EUR 50m (14x EBITDA).Akzo Nobel Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
63
Positive
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.90B | 9.76B | 10.71B | 10.67B | 10.85B | 9.59B |
| Gross Profit | 3.97B | 3.89B | 4.34B | 4.23B | 3.92B | 3.85B |
| EBITDA | 1.53B | 1.48B | 1.40B | 1.33B | 1.05B | 1.53B |
| Net Income | 615.39M | 609.94M | 542.00M | 442.00M | 352.00M | 829.00M |
Balance Sheet | ||||||
| Total Assets | 15.49B | 13.95B | 14.25B | 14.56B | 14.74B | 13.88B |
| Cash, Cash Equivalents and Short-Term Investments | 3.03B | 1.92B | 1.47B | 1.78B | 1.79B | 1.21B |
| Total Debt | 6.12B | 4.86B | 5.37B | 5.56B | 5.88B | 3.55B |
| Total Liabilities | 10.43B | 9.13B | 9.43B | 10.01B | 10.19B | 8.24B |
| Stockholders Equity | 4.88B | 4.66B | 4.57B | 4.32B | 4.33B | 5.42B |
Cash Flow | ||||||
| Free Cash Flow | 622.57M | 582.08M | 362.00M | 834.00M | -38.00M | 317.00M |
| Operating Cash Flow | 918.36M | 878.89M | 668.00M | 1.12B | 254.00M | 605.00M |
| Investing Cash Flow | 484.54M | 407.27M | -132.00M | -144.00M | -1.09B | -134.00M |
| Financing Cash Flow | -189.29M | -925.95M | -684.00M | -827.00M | 1.14B | -974.00M |
Akzo Nobel Technical Analysis
Negative
22.86
Price Trends
19.32
Negative
20.91
Negative
21.46
Negative
Market Momentum
-0.13
Positive
44.57
Neutral
10.41
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AKZOY, the sentiment is Negative. The current price of 22.86 is above the 20-day moving average (MA) of 19.57, above the 50-day MA of 19.32, and above the 200-day MA of 21.46, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 44.57 is Neutral, neither overbought nor oversold. The STOCH value of 10.41 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AKZOY.
Akzo Nobel Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $19.94B | 29.17 | -0.16% | 1.74% | -22.51% | 63.47% | |
68 Neutral | $74.68B | 36.82 | 58.23% | 0.98% | 3.90% | -1.60% | |
65 Neutral | $9.85B | 22.85 | 14.08% | 3.10% | 0.29% | 42.11% | |
65 Neutral | $23.11B | 15.65 | 31.80% | 2.71% | -3.94% | 18.25% | |
64 Neutral | $12.39B | 70.63 | 21.80% | 1.96% | 5.68% | 3.81% | |
64 Neutral | $9.72B | 37.13 | 5.56% | 1.25% | 13.00% | -48.06% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
AKZOY
Akzo Nobel
19.08
-2.89
-13.16%
PPG
PPG Industries
101.70
-6.65
-6.14%
RPM
RPM International
95.00
-15.65
-14.15%
SHW
Sherwin-Williams Company
299.05
-52.52
-14.94%
ESI
Element Solutions
39.48
18.37
87.02%
DD
DuPont de Nemours
46.56
18.84
67.96%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.