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Azimut Holding S.p.A. (AZM.MI)

EUR36.81 +0.26 (+0.71%)
IT MIL Financial Services Asset Management
Address Via Cusani, 4 20121
Milan, MI, IT
CEO Zambotti Alessandro
Website azimut-group.com
IPO 2004-07-07
ISIN IT0003261697

Explore sections of this company profile

Also trades on Italian Stock Exchange · AZM.MI (EUR) Other OTC · AZIHF (USD) Other OTC · AZIHY (USD)
Description

Azimut Holding S.p.A. is a prominent firm in the asset management sector, specializing in the promotion, management, and distribution of diverse financial and insurance solutions. The company maintains a substantial international footprint, conducting operations in numerous countries including Italy, Luxembourg, Ireland, China, the Principality of Monaco, Switzerland, Singapore, Brazil, Mexico, Taiwan, Chile, the United States, Australia, Turkey, the United Arab Emirates, and Egypt. Its primary offerings encompass the sale and oversight of Italian mutual funds and alternative investment funds, along with the administration of personalized investment portfolios. Within Italy, Azimut leverages a broad network of financial advisors to distribute both its proprietary products and those from third-party providers. Furthermore, the company manages multi-strategy funds and offers various life insurance products. Azimut Holding S.p.A. was established in 1989 and is headquartered in Milan, Italy.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR36.81 +0.26 (+0.71%)
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Volume Profile
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Liquidity & share structure
Average Volume
659.2K
Beta
0.99
Float Shares
137.25M
Free Float %
96.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.34% -5.04% +1.45% +3.01% -1.74% -0.34% +32.87% +79.31% +77.61% +109.59% +950.44%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
36.81
DCF (Unlevered) 60.55 +64.5%
DCF (Levered) 41.23 +12.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 29% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 1 0
Hold 5 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.06
Distress
Piotroski F-Score
7 / 9
Strong
MOAT Score
8 / 10
Strong MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • ✓
    Revenue growth Asset Management: +17.4%
    +7.2% Q1'26: +16.8% (vs Q1'25)
  • ✗
    EPS growth Asset Management: +22.7%
    -9.5% Q1'26: +8.6% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Asset Management: +27.7%
    +41.3% Q1'26: +0.0% (vs Q1'25)
  • ✓
    EBIT margin Asset Management: +50.6%
    +47.6% Q1'26: +45.1% (vs Q1'25)
  • ✓
    ROIC Asset Management: +6.5%
    +33.9% ★ Q1'26: +29.6% (vs Q1'25)
  • ✗
    Share dilution Asset Management: +0.0%
    +0.8% Q1'26: -0.3% (vs Q1'25)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Asset Management: -0.03×
    0.19× ★ Q1'26: 0.22× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.99) × ERP
WACC = 97% × Ke + 3% × Kd (4.7%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 60.55 Current price: 36.81
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual 		Dec 2016
actual 		Dec 2017
actual 		Dec 2018
actual 		Dec 2019
actual 		Dec 2020
actual 		Dec 2021
actual 		Dec 2022
actual 		Dec 2023
actual 		Dec 2024
actual 		Dec 2025
actual 		Dec 2026
4 Rev. Ana.
4 EPS Ana. 		Dec 2027
4 Rev. Ana.
4 EPS Ana. 		Dec 2028
3 Rev. Ana.
2 EPS Ana. 		Dec 2029
2 Rev. Ana.
1 EPS Ana.
Revenue
678.16M
est: 707.90M (-4.2%)
678.25M
est: 686.55M (-1.2%)
777.86M
est: 795.55M (-2.2%)
701.12M
est: 745.42M (-5.9%)
948.52M
est: 1.03B (-7.9%)
1.22B
est: 1.05B (+16.4%)
1.31B
est: 1.36B (-3.6%)
1.32B
est: 1.29B (+2.1%)
1.39B
est: 1.41B (-1.1%)
1.33B
est: 1.44B (-7.6%)
1.43B
est: 1.37B (+4.3%)
1.52B
1.45B – 1.57B
+10.9% YoY
1.62B
1.55B – 1.69B
+6.5% YoY
1.71B
1.71B – 1.71B
+5.9% YoY
1.81B
1.73B – 1.88B
+5.7% YoY
EBITDA
288.58M
est: 364.96M (-20.9%)
201.99M
est: 353.95M (-42.9%)
264.36M
est: 410.15M (-35.5%)
172.67M
est: 384.31M (-55.1%)
483.62M
est: 530.94M (-8.9%)
495.37M
est: 541.31M (-8.5%)
782.46M
est: 700.96M (+11.6%)
588.34M
est: 664.91M (-11.5%)
691.29M
est: 751.62M (-8.0%)
842.56M
est: 770.32M (+9.4%)
711.27M
est: 731.18M (-2.7%)
810.94M
775.77M – 838.90M
+10.9% YoY
863.87M
828.04M – 901.80M
+6.5% YoY
914.97M
914.74M – 915.20M
+5.9% YoY
967.01M
926.02M – 1.01B
+5.7% YoY
EBIT
278.27M
est: 346.56M (-19.7%)
185.82M
est: 336.10M (-44.7%)
248.50M
est: 389.47M (-36.2%)
157.85M
est: 364.93M (-56.7%)
459.61M
est: 504.17M (-8.8%)
458.66M
est: 514.01M (-10.8%)
747.50M
est: 665.61M (+12.3%)
550.67M
est: 631.38M (-12.8%)
647.42M
est: 715.18M (-9.5%)
813.73M
est: 732.97M (+11.0%)
679.34M
est: 695.73M (-2.4%)
771.62M
738.16M – 798.22M
+10.9% YoY
821.99M
787.90M – 858.08M
+6.5% YoY
870.61M
870.39M – 870.83M
+5.9% YoY
920.13M
881.13M – 956.33M
+5.7% YoY
Net Income
247.42M
est: 188.72M (+31.1%)
172.69M
est: 129.24M (+33.6%)
214.79M
est: 178.51M (+20.3%)
122.15M
est: 121.69M (+0.4%)
370.01M
est: 299.82M (+23.4%)
381.69M
est: 321.46M (+18.7%)
605.46M
est: 463.54M (+30.6%)
406.46M
est: 337.53M (+20.4%)
434.57M
est: 534.22M (-18.7%)
576.17M
est: 418.00M (+37.8%)
525.67M
est: 445.07M (+18.1%)
485.83M
466.42M – 505.24M
+9.2% YoY
561.58M
499.48M – 573.59M
+15.6% YoY
568.56M
524.00M – 613.11M
+1.2% YoY
663.91M
627.32M – 697.86M
+16.8% YoY
SGA
82.80M
est: 74.10M (+11.7%)
101.59M
est: 71.87M (+41.4%)
108.03M
est: 83.28M (+29.7%)
118.51M
est: 78.03M (+51.9%)
123.65M
est: 107.80M (+14.7%)
116.91M
est: 109.91M (+6.4%)
126.54M
est: 142.32M (-11.1%)
144.03M
est: 135.00M (+6.7%)
154.09M
est: 120.39M (+28.0%)
148.12M
est: 123.39M (+20.0%)
—
est: 117.12M (-100.0%)
129.89M
124.26M – 134.37M
+10.9% YoY
138.37M
132.63M – 144.45M
+6.5% YoY
146.56M
146.52M – 146.59M
+5.9% YoY
154.89M
148.33M – 160.99M
+5.7% YoY
EPS
1.71
est: 1.34 (+27.3%)
1.21
est: 0.92 (+31.6%)
1.61
est: 1.27 (+26.7%)
0.88
est: 0.87 (+1.6%)
2.64
est: 2.13 (+23.7%)
2.75
est: 2.29 (+20.2%)
4.35
est: 3.30 (+31.9%)
2.92
est: 2.41 (+21.4%)
3.08
est: 3.85 (-19.9%)
4.10
est: 2.96 (+38.7%)
3.71
est: 3.15 (+17.9%)
3.45
3.29 – 3.57
+9.6% YoY
3.67
3.53 – 4.05
+6.4% YoY
4.01
3.70 – 4.33
+9.3% YoY
4.69
4.43 – 4.93
+16.8% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 A- 4/5 4/5 5/5 5/5 3/5 3/5 1/5
2026-05-07 A- 4/5 4/5 5/5 5/5 3/5 3/5 1/5
2026-05-06 A- 4/5 4/5 5/5 5/5 3/5 3/5 1/5
2026-05-05 A- 4/5 4/5 5/5 5/5 3/5 3/5 1/5
2026-05-04 A- 4/5 4/5 5/5 5/5 3/5 3/5 1/5
2026-04-30 A- 4/5 4/5 5/5 5/5 3/5 3/5 1/5
2026-04-29 A- 4/5 4/5 5/5 5/5 3/5 3/5 1/5
2026-04-28 A- 4/5 4/5 5/5 5/5 3/5 3/5 1/5
2026-04-27 A- 4/5 4/5 5/5 5/5 3/5 3/5 1/5
2026-04-24 A- 4/5 4/5 5/5 5/5 3/5 3/5 1/5
2026-04-23 A- 4/5 4/5 5/5 5/5 2/5 3/5 1/5
2026-04-22 A- 4/5 4/5 5/5 5/5 2/5 3/5 1/5
2026-04-21 A- 4/5 4/5 5/5 5/5 2/5 3/5 2/5
2026-04-20 A- 4/5 4/5 5/5 5/5 2/5 3/5 2/5
2026-04-17 A- 4/5 4/5 5/5 5/5 2/5 3/5 2/5
2026-04-16 A- 4/5 4/5 5/5 5/5 2/5 3/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
642.92M
OE per share TTM
4.53
Owner's Yield
12.74%
Maintenance CapEx ratio
10.40%
Maint CapEx / Avg PPE
3.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 111 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Franklin European Quality Dividend UCITS ETF FLXD.L 2.31% 14.85M 0.25%
2 Invesco EURO STOXX High Dividend Low Volatility UCITS ETF EUHD.L 2.09% 13.17M 0.30%
3 iShares EURO STOXX Small UCITS ETF DJSC.L 1.44% 7.01M 0.40%
4 Amundi MSCI EMU Small Cap ESG Broad Transition UCITS ETF Dist MMS.PA 1.01% 7.18M 0.40%
5 iShares STOXX Europe 600 Financial Services UCITS ETF (DE) EXH2.DE 0.76% 854.9K 0.46%
6 iShares MSCI EMU Small Cap UCITS ETF CES1.L 0.75% 7.94M 0.58%
7 UBS MSCI EMU Small Cap UCITS ETF EUR dis UEFD.DE 0.75% 5.55M 0.33%
8 Xtrackers Euro Stoxx Quality Dividend UCITS ETF 1D XD3E.L 0.74% 6.41M 0.30%
9 Amundi Italy MIB ESG UCITS ETF Acc FMI.PA 0.66% 1.41M 0.18%
10 iShares STOXX Europe Small 200 UCITS ETF (DE) EXSE.DE 0.63% 4.30M 0.20%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
779.1K
Shares Outstanding
141.82M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Andrea Aliberti Head of Asset Management -Italy — male
Claudio Foscoli Head of Asset Management for Luxembourg & Ireland — male
Guiati Massimo Global Head of Distribution — —
Medda Giorgio Chief Executive Officer, Global Head of Asset Management & Executive Director — —
Stefano Chao Asia head & CEO of Azimut Singapore — male
Vittorio Pracca Head of Investor Relations — male
Zambotti Alessandro Chief Executive Officer, Head of Administration & Finance, Chief Financial Officer and Executive Director — —
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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