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Akzo Nobel NV
(AKZA)
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Rating:62Neutral
Price Target:
€58.00
▲(6.62% Upside)
Action:Reiterated
Date:06/04/26
The score is driven primarily by steady profitability and a recent free-cash-flow rebound, tempered by declining revenue and elevated leverage. Technicals are moderately supportive and valuation is reasonable with a solid dividend yield, but not enough to offset the fundamental growth and balance-sheet risks.
Positive Factors
Sustained profitability margins
Consistently high gross (~40%) and mid-teens EBITDA margins indicate durable pricing power and cost structure in specialty coatings. These margins support sustainable cash generation, fund reinvestment and dividends, and provide a buffer through industry cyclicality over the next 2–6 months.
Negative Factors
Softening revenue trend
A continuing top-line decline constrains operating leverage and limits the ability to grow earnings sustainably. Even with strong margins, persistent revenue weakness reduces absolute cash flow upside and makes margin maintenance dependent on ongoing cost and pricing discipline.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained profitability margins
Consistently high gross (~40%) and mid-teens EBITDA margins indicate durable pricing power and cost structure in specialty coatings. These margins support sustainable cash generation, fund reinvestment and dividends, and provide a buffer through industry cyclicality over the next 2–6 months.
Read all positive factors
Akzo Nobel NV (AKZA) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€10.32B
Dividend Yield3.38%
Average Volume (3M)372.10K
Price to Earnings (P/E)16.2
Beta (1Y)0.92
Revenue Growth-7.05%
EPS Growth32.41%
CountryNL
Employees34,100
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)3.64
Shares Outstanding171,041,670
10 Day Avg. Volume339,692
30 Day Avg. Volume372,104
Financial Highlights & Ratios
PEG Ratio0.94
Price to Book (P/B)2.17
Price to Sales (P/S)1.00
P/FCF Ratio16.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€59.50Price Target Upside9.38% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
EPS Forecast (FY)3.88
Revenue Forecast (FY)€10.01B
Akzo Nobel NV Business Overview & Revenue Model
Company Description
Akzo Nobel N.V. operates globally as a prominent manufacturer and distributor of paints and protective coatings. The company provides a comprehensive selection of decorative solutions, including paints, lacquers, and varnishes, alongside advanced ...
How the Company Makes Money
Akzo Nobel makes money primarily by selling paints and coatings products and related services to professional customers (such as industrial manufacturers, contractors, and shipyards), and to consumers primarily through retail channels for decorati...
Akzo Nobel NV Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.93B | 10.16B | 10.71B | 10.67B | 10.85B | 9.59B |
| Gross Profit | 3.98B | 4.05B | 4.34B | 4.23B | 3.92B | 3.85B |
| EBITDA | 1.59B | 1.54B | 1.40B | 1.41B | 1.05B | 1.53B |
| Net Income | 621.00M | 635.00M | 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 | 6.11B | 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 | 660.00M | 606.00M | 362.00M | 834.00M | -29.00M | 317.00M |
| Operating Cash Flow | 956.00M | 915.00M | 741.00M | 1.21B | 291.00M | 605.00M |
| Investing Cash Flow | 482.00M | 424.00M | -132.00M | -144.00M | -1.09B | -134.00M |
| Financing Cash Flow | -235.00M | -964.00M | -684.00M | -827.00M | 1.14B | -974.00M |
Akzo Nobel NV Technical Analysis
Positive
54.40
Price Trends
54.92
Positive
53.85
Positive
55.24
Positive
Market Momentum
1.50
Positive
57.29
Neutral
79.46
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:AKZA, the sentiment is Positive. The current price of 54.4 is below the 20-day moving average (MA) of 59.23, below the 50-day MA of 54.92, and below the 200-day MA of 55.24, indicating a bullish trend. The MACD of 1.50 indicates Positive momentum. The RSI at 57.29 is Neutral, neither overbought nor oversold. The STOCH value of 79.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:AKZA.
Akzo Nobel NV Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | €4.73B | 21.43 | 10.83% | 2.83% | 1.08% | -24.24% | |
62 Neutral | €10.32B | 16.24 | 14.61% | 3.38% | -7.05% | 32.41% | |
61 Neutral | €19.15B | -21.65 | ― | 3.61% | -29.42% | -564.23% | |
59 Neutral | €1.16B | 15.58 | 8.84% | 3.50% | -1.61% | 38.58% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €3.04B | 101.53 | -0.24% | 5.41% | -4.14% | -87.08% | |
53 Neutral | €1.06B | -94.31 | 6.84% | 1.46% | 11.26% | 11.66% |
* General Sector Average
NL:AKZA
Akzo Nobel NV
59.10
1.87
3.26%
NL:AMG
AMG ADVANCED METALLURGICAL GROUP NV
32.22
10.72
49.83%
NL:APAM
Aperam S.A.
41.78
15.72
60.34%
NL:CRBN
Corbion NV
20.10
2.80
16.21%
NL:IMCD
IMCD N.V.
79.08
-32.96
-29.42%
NL:DSFIR
DSM-Firmenich AG
81.62
-5.26
-6.06%
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.