Azelis Group AZE.BR
BelgiumBasic Materials · Specialty ChemicalsEuronext Bruselas · EUR
13.73 EUR (+14.3%)
14 analysts
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Azelis Group NV is a global distributor of specialty chemicals and ingredients, acting as an intermediary between chemical producers and clients in various industries such as coatings, personal care, and pharmaceuticals.
Listed on Euronext Bruselas · Symbol AZE.BR · EBR: AZE · Currency EUR
Key points
from its scores- ✓Favourable backdrop7.7
- ✕Little competitive advantage4.1
- ✕Weak growth4.6
- ✕Fragile balance sheet4.8
AI analysis
bottom line, main risk, context and newsThe valuation is reasonable for a stable business, but high leverage and slow growth limit the potential for short-term re-rating.
Azelis shows average financial health (5.2) with leverage of 3.95x EBITDA, but its valuation is attractive (forward P/E of 14.53 and FCF yield of 7.68%), suggesting the market is pricing in future improvement. Growth is moderate (revenue +0.30%, earnings +2.90%), and the net dividend yield is 1.63% with a 48% payout.
The main risk is its high leverage (Net Debt/EBITDA of 3.95), which in a rising interest rate environment in Europe could pressure its financial health and limit its flexibility.
Context and risks
Azelis is a chemical distributor headquartered in Belgium, a country with moderate governance risk. Its business depends on the global supply chain and industrial demand, exposing it to geopolitical and tariff tensions that could impact its margins and volumes.
Is Azelis Group stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 23% above the Basic Materials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 25.6 | 19.2 | +33% |
| EV / EBITDA | 11.2 | 10.0 | +12% |
| Price / book | 1.0 | 2.3 | −54% |
| Price / sales | 0.7 | 2.2 | −68% |
Sector: median of the 141 Basic Materials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.3 out of 10 (median for Basic Materials: 5.8).
Average analyst target: 13.73 EUR, +14.3% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 4.1 (sector 5.1), Growth 4.6 (sector 6.8).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Basic Materials medianValuation
- P/E
- 25.6
- Forward P/E
- 14.5
- EV / EBITDA
- 11.2
- Price / book
- 1.0
- Price / sales
- 0.7
- PEG
- 5.01
- Market cap
- 2.9B EUR
- Enterprise value
- 4.5B EUR
Profitability
- ROE
- 4.1%
- ROA
- 3.5%
- ROIC (approx.)
- 7.6%
- Gross margin
- 23.2%
- Operating margin
- 8.7%
- Net margin
- 2.7%
- Free cash flow
- 224.4M EUR
- FCF yield
- 7.7%
- Cash conversion
- 55%
Solvency
- Total debt
- 1.8B EUR
- Net debt
- 1.6B EUR
- Cash
- 245.3M EUR
- EBITDA
- 404.8M EUR
- Net debt / EBITDA
- 3.95
- Debt / equity
- 64.71
- Current ratio
- 1.87
- Quick ratio
- 1.09
Growth
- Revenue growth
- +0.3%
- Earnings growth
- +2.9%
- EPS (TTM)
- 0.47 EUR
- EPS (forward)
- 0.83 EUR
Dividend
- Dividend yield
- 1.9%
- Payout
- 48.1%
Risk and market
- Beta
- 0.54
- Analyst consensus
- Buy (14)
- Target price
- 13.73 EUR
- 52-week range
- 6.88 – 12.58
Recent news
All AZE.BR news →Compare it with its sector
All 141 in Basic Materials →Frequently asked questions about Azelis Group
Is Azelis Group stock cheap or expensive?
On P/E and EV / EBITDA, it trades 23% above the Basic Materials median on average. Valuation score: 6.3 out of 10 (median for Basic Materials: 5.8). Average analyst target: 13.73 EUR, +14.3% versus the price. This is not investment advice.
What score does Azelis Group get on MeridIAn Screener?
It scores 5.6 out of 10, rank 1,306 of 2,130 (better than 35% of the companies analysed). Its strongest category is Risk & Context (7.7) and its weakest, Quality / Moat (4.1). Analysis of 08/10/2026.
What is Azelis Group's P/E ratio?
Its P/E is 25.6: the share price equals 25.6 times earnings per share over the last 12 months. The Basic Materials median is 19.2. Based on the earnings analysts expect, the forward P/E is 14.5.
How much is Azelis Group worth on the stock market?
Its market capitalisation is 2.9B EUR and its enterprise value, debt included, is 4.5B EUR.
How much debt does Azelis Group have?
Its net debt (debt minus cash) is 1.6B EUR. That is 3.95 times its EBITDA; the Basic Materials median is 1.41.
Does Azelis Group pay a dividend?
Yes: its dividend yield is 1.92% and it pays out 48% of its earnings.
How has Azelis Group stock performed over the last year?
It has risen 13.6% over the last year, excluding dividends. Over the last 52 weeks it has traded between 6.88 and 12.58 EUR. Past performance does not guarantee future results.
What do analysts think of Azelis Group?
14 analysts cover it; their average recommendation is “Buy” and their average target is 13.73 EUR (+14.3% versus the price). It is an estimate, not market data.