Azimut Holding SPA (AZM) AI Stock Analysis

• Market Cap: €4.98B
• Dividend Yield: 4.91%
• Average Volume (3M): 599.98K
• Price to Earnings (P/E): 9.6
• Beta (1Y): 1.16
• Revenue Growth: -7.63%
• EPS Growth: -1.84%
• Country: IT
• Employees: 872
• Sector: General
• Sector Strength: N/A
• Industry: Asset Management
• EPS (TTM): 0.99
• Shares Outstanding: 143,254,500
• 10 Day Avg. Volume: 654,151
• 30 Day Avg. Volume: 599,980
• PEG Ratio: -1.01
• Price to Book (P/B): 2.52
• Price to Sales (P/S): 3.55
• P/FCF Ratio: 7.23
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 3.46
• Revenue Forecast (FY): €1.50B

• Rating: 76 Outperform
• Price Target: €38.00 ▲(4.40% Upside)
• Action: Reiterated Date: 03/12/26
• Date: Action: Reiterated 03/12/26

The score is primarily supported by strong financial performance (high margins, low leverage, strong ROE) and attractive valuation (low P/E and high dividend yield). This is tempered by a weaker technical backdrop (price below key moving averages and negative MACD) and historically volatile cash-flow generation despite the strong TTM rebound.

Positive Factors

Very high sustainable margins

Extremely high trailing margins reflect a scalable, fee-rich business model that converts revenue into earnings efficiently. Over months this supports strong internal capital generation, funds for reinvestment or dividends, and resilience to moderate revenue dips without large profit compression.

Negative Factors

Highly volatile cash generation

Large swings in operating and free cash flow reduce predictability for dividends, buybacks and reinvestment. Even with a strong TTM rebound, recurring volatility implies working-capital or market sensitivity that can force reactive capital decisions and constrain long-term planning.

Azimut Holding SPA Business Overview & Revenue Model

Company Description

Azimut Holding S.p.A. operates in the asset management sector. It distributes, manages, and promotes financial and insurance products in Italy, Luxembourg, Ireland, China, Principality of Monaco, Switzerland, Singapore, Brazil, Mexico, Taiwan, Chi...

Read more

Azimut Holding S.p.A. operates in the asset management sector. It distributes, manages, and promotes financial and insurance products in Italy, Luxembourg, Ireland, China, Principality of Monaco, Switzerland, Singapore, Brazil, Mexico, Taiwan, Chi...

How the Company Makes Money

Azimut generates revenue primarily through asset management fees, which are charged based on the assets under management (AUM) across its various investment products. The company also earns performance fees when it exceeds specific investment benc...

Read more

Azimut generates revenue primarily through asset management fees, which are charged based on the assets under management (AUM) across its various investment products. The company also earns performance fees when it exceeds specific investment benc...

Azimut Holding SPA Financial Statement Overview

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.43B	1.33B	1.39B	1.32B	1.31B
Gross Profit	967.00M	855.16M	860.39M	450.04M	590.12M
EBITDA	711.27M	842.56M	691.29M	588.34M	782.46M
Net Income	525.67M	576.16M	434.57M	406.46M	605.46M
Balance Sheet
Total Assets	10.65B	10.23B	9.96B	9.51B	9.92B
Cash, Cash Equivalents and Short-Term Investments	523.96M	395.28M	480.47M	298.84M	180.33M
Total Debt	36.00M	27.82M	537.22M	539.67M	897.66M
Total Liabilities	8.62B	8.29B	8.35B	8.04B	8.69B
Stockholders Equity	2.01B	1.92B	1.55B	1.42B	1.18B
Cash Flow
Free Cash Flow	700.37M	-200.29M	458.69M	-153.09M	875.40M
Operating Cash Flow	711.77M	-197.48M	468.85M	-104.84M	926.19M
Investing Cash Flow	-265.69M	295.12M	-73.20M	-189.66M	-335.86M
Financing Cash Flow	-382.77M	-237.39M	-297.49M	-175.75M	-255.94M

Azimut Holding SPA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 36.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:AZM, the sentiment is Positive. The current price of 36.4 is above the 20-day moving average (MA) of 32.95, above the 50-day MA of 34.13, and above the 200-day MA of 32.88, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 61.17 is Neutral, neither overbought nor oversold. The STOCH value of 90.62 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:AZM.

Azimut Holding SPA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AZM	76 Outperform	€4.98B	9.63	28.43%	4.91%	-7.63%	-1.84%
BGN	69 Neutral	€6.04B	14.62	31.07%	4.75%	4.46%	-0.62%
ANIM	68 Neutral	€2.13B	7.41	15.75%	7.44%	14.56%	12.45%
PRO	64 Neutral	€99.17M	11.22	7.01%	7.69%	-12.26%	31.82%
G	61 Neutral	€55.41B	12.97	13.09%	3.99%	-0.59%	9.24%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TIP	50 Neutral	€1.38B	20.38	6.25%	1.77%	-95.40%	9.55%