Financials Azerion Group N.V.

Equities

AZRN

NL00150006Z9

Software

Real-time Euronext Amsterdam Other stock markets 06:11:07 2024-05-20 am EDT			5-day change	1st Jan Change
1.74 ^EUR	+1.05%		+0.58%	-7.94%

May. 08	Azerion Group N.V. Announces That Florence Von Erb Will Not Stand Again as Member of Azerion?s Supervisory Board, Effective June 20, 2024	CI
Apr. 29	Azerion to Purchase 26% Stake in Digital Marketer Eniro	MT

Valuation

Fiscal Period: December	2022	2023	2024	2025	2026
Capitalization ¹	613.1	226.7	192	-	-
Enterprise Value (EV) ¹	789.2	226.7	349	330	192
P/E ratio	-4.52 x	-	43.1 x	11.5 x	-
Yield	-	-	-	-	-
Capitalization / Revenue	1.35 x	0.44 x	0.32 x	0.29 x	0.3 x
EV / Revenue	1.74 x	0.44 x	0.59 x	0.5 x	0.3 x
EV / EBITDA	15.1 x	3.18 x	4.58 x	3.73 x	2.02 x
EV / FCF	18.2 x	-	12.6 x	10.3 x	-
FCF Yield	5.5%	-	7.94%	9.7%	-
Price to Book	6.44 x	-	2.57 x	2.1 x	-
Nbr of stocks (in thousands)	113,123	119,965	111,483	-	-
Reference price ²	5.420	1.890	1.722	1.722	1.722
Announcement Date	2/28/23	2/28/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	308.1	452.6	515	591.9	659.8	635.7
EBITDA ¹	46.1	52.1	71.4	76.23	88.43	95.02
EBIT ¹	25.1	13.6	26.2	58.11	68.44	63.23
Operating Margin	8.15%	3%	5.09%	9.82%	10.37%	9.95%
Earnings before Tax (EBT)	-	-124.7	-	-	-	-
Net income ¹	-	-126	34.3	5.2	17.9	-
Net margin	-	-27.84%	6.66%	0.88%	2.71%	-
EPS ²	-	-1.200	-	0.0400	0.1500	-
Free Cash Flow ¹	-	43.4	-	27.7	32	-
FCF margin	-	9.59%	-	4.68%	4.85%	-
FCF Conversion (EBITDA)	-	83.3%	-	36.34%	36.19%	-
FCF Conversion (Net income)	-	-	-	532.69%	178.77%	-
Dividend per Share ²	-	-	-	-	-	-
Announcement Date	2/28/22	2/28/23	2/28/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q3	2022 Q2	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	83.5	103.9	148.8	89.3	122	108.5	171.8	108.1	126.3	120.9	191.6
EBITDA ¹	-	-	-	3.6	-	18.3	25.9	5.407	18.95	18.13	33.87
EBIT ¹	-	-	-	-	-	7	13.2	-1.429	12.11	11.29	27.04
Operating Margin	-	-	-	-	-	6.45%	7.68%	-1.32%	9.59%	9.34%	14.11%
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-22.2	-	-	-10	-	-	-	-	-	-
Net margin	-	-21.37%	-	-	-8.2%	-	-	-	-	-	-
EPS	-	-	-	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	11/30/21	8/31/22	2/28/23	5/31/23	8/31/23	11/30/23	2/28/24	-	-	-	-

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	176	-	157	138	-
Net Cash position ¹	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	3.38 x	-	2.06 x	1.561 x	-
Free Cash Flow ¹	-	43.4	-	27.7	32	-
ROE (net income / shareholders' equity)	40.2%	44%	-	13.8%	19.8%	19.1%
ROA (Net income/ Total Assets)	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-
Book Value Per Share ²	-	0.8400	-	0.6700	0.8200	-
Cash Flow per Share	-	0.4000	-	-	-	-
Capex ¹	-	1.5	-	29.9	34	-
Capex / Sales	-	0.33%	-	5.05%	5.15%	-
Announcement Date	2/28/22	2/28/23	2/28/24	-	-	-

¹EUR in Million²EUR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Azerion Group N.V.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

1.722 EUR

Average target price

2 EUR

Spread / Average Target

+16.14%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

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