AZM Stock Financial Analysis - Azimut Holding S.p.A. (BIT) Stock

Overview

Azimut Holding S.p.A., based in Italy, operates prominently within the financial services sector, specializing in asset management. The company provides a range of products including mutual funds, hedge funds, and managed portfolios, catering predominantly to private and institutional clients. Azimut distinguishes itself through a global investment approach, leveraging a significant international presence that spans Europe, Asia, and South America to optimize asset allocation and risk management strategies. Key projects include the strategic expansion into emerging markets, which has been instrumental in broad; other noteworthy initiatives involve the incorporation of sustainable and responsible investment criteria into its asset management practices, responding to the growing demand for ESG-compliant investment options.

Quality, Value, Momentum Scores

This card shows the Quality, Value, and Momentum scores for the company

Quality

The QualityScore is a proprietary scoring model that identifies high quality companies, based on cash generating efficiencies.

Value

Proprietary scoring model that ranks companies based on their relative valuation. Scores range from 0 to 100, with 100 being the most undervalued.

Momentum

Proprietary scoring model that ranks companies on their six-month momentum.

Fund Sentiment

The Fund Sentiment (fka Ownership) score is a proprietary quantitative model that ranks companies based on levels of ownership accumulation.

QVM

The QVM Score is a proprietary scoring model that combines Quality, Value, and Momentum into a single metric that ranks companies from 0 to 100.

Income Statement: Revenue, Operating Income, Net Income

The revenue for Azimut Holding S.p.A. as of June 30, 2025 is 1,427.21 MM.
The operating income for Azimut Holding S.p.A. as of June 30, 2025 is 689.03 MM.
The net income for Azimut Holding S.p.A. as of June 30, 2025 is 493.32 MM.

Period End (TTM)	Revenue (MM)	Operating Income (MM)	Net Income (MM)
2025-06-30	1,427.21	689.03	493.32
2025-03-31	1,397.11	663.04	575.20
2024-12-31	1,389.64	671.79	576.16
2024-09-30	1,259.61	604.67	531.65
2024-06-30	1,226.98	604.54	534.22
2024-03-31	1,247.03	607.66	450.08
2023-12-31	1,277.87	625.30	434.57
2023-09-30	1,355.15	602.84	426.02
2023-06-30	1,316.71	578.84	404.23
2023-03-31	1,330.38	589.13	411.62
2022-12-31	1,306.20	550.67	406.46
2022-09-30	1,651.09	813.68	604.03
2022-06-30	1,715.41	797.90	604.46
2022-03-31	1,707.71	758.65	604.17
2021-12-31	1,715.10	738.35	605.46
2021-09-30	1,452.46	532.95	473.96
2021-06-30	1,384.18	518.95	464.72
2021-03-31	1,329.79	515.14	429.99
2020-12-31	1,222.15	457.25	381.69
2020-09-30	1,198.00	479.25	353.63
2020-06-30

Income Statement: EPS

Period End (TTM)	Earnings Per Share Basic	Earnings Per Share Diluted
2025-06-30
2025-03-31	4.07	4.06
2024-12-31	4.10	4.10
2024-09-30	3.75	3.75
2024-06-30	3.77	3.77
2024-03-31	3.25	3.25
2023-12-31	3.14	3.14
2023-09-30	3.08	3.08
2023-06-30	2.92	2.92
2023-03-31	2.97	2.97
2022-12-31	2.92	2.92
2022-09-30	4.34	4.34
2022-06-30	4.33	4.33
2022-03-31	4.33	4.33
2021-12-31	4.35	4.35
2021-09-30	3.39	3.39
2021-06-30	3.36	3.36
2021-03-31	3.11	3.11
2020-12-31	2.75	2.75
2020-09-30	2.56	2.56
2020-06-30	2.44	2.44

Cash Flow: Operations, Investing, Financing

The cash from operating activities for Azimut Holding S.p.A. as of June 30, 2025 is -264.53 MM.
The cash from investing activities for Azimut Holding S.p.A. as of June 30, 2025 is 166.94 MM.
The cash from financing activities for Azimut Holding S.p.A. as of June 30, 2025 is -398.23 MM.

Period End (TTM)	Cash From Operating Activities (MM)	Cash From Investing Activities (MM)	Cash From Financing Activities (MM)
2025-06-30	-264.53	166.94	-398.23
2025-03-31	0.63	190.67	-256.06
2024-12-31	-197.48	295.12	-237.39
2024-09-30	537.12	14.98	-249.21
2024-06-30	622.93	1.33	-241.67
2024-03-31	439.00	32.87	-273.51
2023-12-31	468.85	-73.20	-297.49
2023-09-30	385.97	-104.76	-287.27
2023-06-30	362.78	-134.36	-260.32
2023-03-31	211.81	-208.38	-212.64
2022-12-31	-101.33	-189.66	-179.26
2022-09-30	222.02	-194.22	-174.97
2022-06-30	338.60	-270.33	-228.85
2022-03-31	542.04	-233.36	-293.11
2021-12-31	926.19	-335.86	-255.94
2021-09-30	753.17	-301.80	-269.90
2021-06-30	589.51	-211.62	-251.44
2021-03-31	384.26	-177.26	-182.48
2020-12-31	288.31	-78.72	-267.16
2020-09-30	649.27	-43.40	-276.42
2020-06-30

Valuation Metrics : PE, PriceToBook, PriceToTBV

The p/e for Azimut Holding S.p.A. as of June 30, 2025 is 6.72.
The p/book for Azimut Holding S.p.A. as of June 30, 2025 is 1.90.
The p/tbv for Azimut Holding S.p.A. as of June 30, 2025 is 2.74.

P/Book: The current closing price divided by the book value per share.

P/TBV: The current price divided by the tangible book value per share.

Period End (TTM)	p/e	P/Book	P/TBV
2025-06-30	6.72	1.90	2.74
2025-03-31	6.49	1.92	2.74
2024-12-31	6.32	1.85	3.70
2024-09-30	6.16	1.92	4.06
2024-06-30	6.95	1.83	3.81
2024-03-31	8.19	2.13	4.69
2023-12-31	8.43	2.13	4.69
2023-09-30	8.89	2.27	5.40
2023-06-30	8.36	2.13	4.71
2023-03-31	8.25	2.20	-36.62
2022-12-31	6.11	2.62	7.02
2022-09-30	5.77	2.47	6.01
2022-06-30	5.81	2.54	6.14
2022-03-31	5.59	2.73	7.98
2021-12-31	5.57	3.54	18.14
2021-09-30	7.12	3.80	22.65
2021-06-30	7.26	3.32	11.17
2021-03-31	7.77	3.29	10.84
2020-12-31	8.75	3.77	14.57
2020-09-30	9.45	4.46	33.51
2020-06-30	9.77	4.95	84.73

Valuation Metrics : EBitToEv, EBit3YrAvgToEv

The ebit/ev for Azimut Holding S.p.A. as of June 30, 2025 is 0.24.
The ebit (3y)/ev for Azimut Holding S.p.A. as of June 30, 2025 is 0.22.

Period End (TTM)	EBIT/EV	EBIT (3y)/EV
2025-06-30	0.24	0.22
2025-03-31	0.21	0.17
2024-12-31	0.24	0.22
2024-09-30	0.24	0.23
2024-06-30	0.20	0.21
2024-03-31	0.17	0.18
2023-12-31	0.16	0.18
2023-09-30	0.15	0.16
2023-06-30	0.16	0.17
2023-03-31	0.17	0.17
2022-12-31	0.21	0.15
2022-09-30	0.22	0.16
2022-06-30	0.21	0.15
2022-03-31	0.24	0.17
2021-12-31	0.17	0.13
2021-09-30	0.12	0.10
2021-06-30	0.13	0.10
2021-03-31	0.12	0.09
2020-12-31	0.10	0.08
2020-09-30	0.10	0.07
2020-06-30	0.10	0.07

Management Effectiveness

The roa for Azimut Holding S.p.A. as of June 30, 2025 is 0.06.
The roe for Azimut Holding S.p.A. as of June 30, 2025 is 0.34.
The roic for Azimut Holding S.p.A. as of June 30, 2025 is 0.28.
The croic for Azimut Holding S.p.A. as of June 30, 2025 is -0.03.
The ocroic for Azimut Holding S.p.A. as of June 30, 2025 is 0.00.

Period End (TTM)	ROA	ROE	ROIC	CROIC	OCROIC
2025-06-30	0.06	0.34	0.28	-0.03	0.00
2025-03-31	0.06	0.34	0.23	-0.06	-0.08
2024-12-31	0.05	0.32	0.23	0.13	0.23
2024-09-30	0.05	0.32	0.24	0.17	0.28
2024-06-30	0.05	0.30	0.20	0.09	0.20
2024-03-31	0.05	0.32	0.20	-0.00	0.18
2023-12-31	0.05	0.31	0.19	-0.00	0.18
2023-09-30	0.04	0.30	0.19	-0.02	0.17
2023-06-30	0.05	0.30	0.19	-0.02	0.17
2023-03-31	0.04	0.33	0.20	-0.08	0.10
2022-12-31	0.06	0.66	0.31	-0.08	0.12
2022-09-30	0.06	0.66	0.31	-0.08	0.12
2022-06-30	0.07	0.57	0.30	-0.08	0.18
2022-03-31	0.07	0.59	0.47	-0.03	0.42
2021-12-31	0.06	0.68	0.31	0.17	0.40
2021-09-30	0.06	0.63	0.26	0.10	0.30
2021-06-30	0.06	0.69	0.30	0.08	0.38
2021-03-31	0.06	0.56	0.22	0.01	0.21
2020-12-31	0.05	0.49	0.20	-0.03	0.15
2020-09-30	0.05	0.53	0.21	0.19	0.38
2020-06-30	0.05	0.57	0.21	0.21	0.39

Gross Margins

The gross margin for Azimut Holding S.p.A. as of June 30, 2025 is 0.61.
The net margin for Azimut Holding S.p.A. as of June 30, 2025 is 0.41.
The operating margin for Azimut Holding S.p.A. as of June 30, 2025 is 0.47.

Gross Margin: The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.

Net Margin: The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.

Operating Margin: The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.

Period End (TTM)	Gross Margin	Net Margin	Operating Margin
2025-06-30	0.61	0.41	0.47
2025-03-31	0.47	0.39	0.44
2024-12-31	0.59	0.37	0.44
2024-09-30	0.61	0.37	0.46
2024-06-30	0.61	0.32	0.45
2024-03-31	0.47	0.33	0.45
2023-12-31	0.54	0.27	0.39
2023-09-30	0.51	0.27	0.38
2023-06-30	0.53	0.27	0.38
2023-03-31	0.78	0.27	0.39
2022-12-31	0.65	0.33	0.45
2022-09-30	0.64	0.33	0.45
2022-06-30	0.62	0.32	0.43
2022-03-31	0.52	0.34	0.43
2021-12-31	0.59	0.42	0.49
2021-09-30	0.60	0.35	0.38
2021-06-30	0.60	0.35	0.39
2021-03-31	0.61	0.32	0.39
2020-12-31	0.61	0.36	0.43
2020-09-30	0.63	0.30	0.40
2020-06-30	0.62	0.29	0.39

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