Azerion Group N.V (NL:AZRN)
:AZRN
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Azerion Group N.V
(AZRN)
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Rating:47Neutral
Price Target:
€0.94
▼(-25.40% Downside)
Action:Reiterated
Date:05/23/26
Overall score is held down primarily by weak financial performance (recent losses, negative free cash flow, and a thin equity buffer alongside high debt). Technicals provide some support due to a strong uptrend and positive MACD, but the stock appears overextended based on very high RSI/Stoch. Valuation is constrained by a negative P/E and no stated dividend yield.
Positive Factors
Positive operating cash flow
Sustained positive operating cash flow across 2024–2025 indicates the core ad business converts sales into cash, supporting near-term liquidity. Over the next several months this reduces reliance on external financing for operations and provides a base to fund working capital or selective investments.
Negative Factors
High leverage and thin equity cushion
A high debt load paired with a sharply reduced equity base materially weakens balance sheet resilience. With limited capital buffer, the company is more sensitive to further operating setbacks or asset write‑downs, constraining strategic flexibility and increasing refinancing or covenant risks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive operating cash flow
Sustained positive operating cash flow across 2024–2025 indicates the core ad business converts sales into cash, supporting near-term liquidity. Over the next several months this reduces reliance on external financing for operations and provides a base to fund working capital or selective investments.
Read all positive factors
Azerion Group N.V (AZRN) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€108.25M
Dividend YieldN/A
Average Volume (3M)20.95K
Price to Earnings (P/E)―
Beta (1Y)0.48
Revenue Growth-3.06%
EPS Growth13.02%
CountryNL
Employees1,000
SectorServices
Sector StrengthN/A
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)-0.24
Shares Outstanding122,870,790
10 Day Avg. Volume12,673
30 Day Avg. Volume20,950
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)9.39
Price to Sales (P/S)0.26
P/FCF Ratio-14.09
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.2
Revenue Forecast (FY)€651.10M
Azerion Group N.V Business Overview & Revenue Model
Company Description
Azerion Group N.V. oversees a worldwide digital platform dedicated to entertainment and media. This unified platform furnishes technological tools designed to streamline the buying and selling of online advertising space, catering to advertisers, ...
How the Company Makes Money
Azerion primarily makes money through digital advertising and related platform services. The core revenue model is advertising monetization across its owned-and-operated and third-party digital properties: advertisers pay to reach audiences via fo...
Azerion Group N.V Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
28
Negative
Cash Flow
36
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 530.00M | 540.60M | 551.20M | 515.00M | 452.60M | 308.10M |
| Gross Profit | 137.10M | 146.00M | 173.80M | 182.70M | 166.30M | 120.90M |
| EBITDA | 46.80M | 50.80M | 17.80M | 118.20M | -79.50M | 33.40M |
| Net Income | -30.80M | -34.60M | -57.90M | 23.70M | -134.30M | -19.60M |
Balance Sheet | ||||||
| Total Assets | 495.80M | 581.90M | 679.10M | 652.00M | 638.50M | 382.48M |
| Cash, Cash Equivalents and Short-Term Investments | 37.10M | 58.00M | 90.60M | 40.30M | 50.90M | 1.45M |
| Total Debt | 263.90M | 230.40M | 293.60M | 184.60M | 228.60M | 224.80M |
| Total Liabilities | 493.10M | 558.30M | 621.90M | 542.40M | 542.30M | 404.69M |
| Stockholders Equity | -6.50M | 14.70M | 50.40M | 104.30M | 93.80M | -22.20M |
Cash Flow | ||||||
| Free Cash Flow | 19.10M | -9.80M | -13.00M | 25.10M | 23.20M | 5.90M |
| Operating Cash Flow | 40.30M | 11.50M | 7.80M | 49.90M | 44.90M | 24.00M |
| Investing Cash Flow | 20.70M | 13.70M | -36.80M | -5.30M | -75.80M | -83.10M |
| Financing Cash Flow | -97.50M | -70.50M | 80.10M | -55.40M | 47.40M | 84.00M |
Azerion Group N.V Technical Analysis
Negative
1.26
Price Trends
0.87
Positive
0.93
Positive
1.10
Negative
Market Momentum
0.02
Positive
44.01
Neutral
6.28
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:AZRN, the sentiment is Negative. The current price of 1.26 is above the 20-day moving average (MA) of 1.03, above the 50-day MA of 0.87, and above the 200-day MA of 1.10, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 44.01 is Neutral, neither overbought nor oversold. The STOCH value of 6.28 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NL:AZRN.
Azerion Group N.V Peers Comparison
UnderperformOutperform
Sector (55)
NL:AZRN
Azerion Group N.V
0.90
-0.52
-36.62%
NL:MORE
Morefield Group N.V.
0.90
0.35
63.64%
NL:FAST
Fastned BV Shs Depositary Receipt 1 Shs
32.75
11.20
51.97%
NL:PPLAB
PPLA Participations Ltd Class B
―
―
―
NL:LVIDE
Lavide Holding N.V.
0.63
0.11
22.09%
NL:AMUND
Almunda Professionals N.V.
1.13
-0.03
-2.59%
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.