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Added to YB: 2025-10-27

Pitch date: 2025-10-23

AZE.BR [neutral]

Azelis Group NV

-14.55%

current return

Author Info

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Company Info

Azelis Group NV engages in the distribution and sale of specialty chemicals and food ingredients. The company sells specialty chemical products used in the life sciences, such as personal care, home care, industrial cleaning, pharmaceuticals, healthcare, food and nutrition, animal nutrition, flavours and fragrances, and agricultural environmental solutions; and industrial chemicals industry, such as CASE, advanced materials and additives, lubricants, metalworking fluids, electronics, essential and fine chemicals, textiles, leather, and paper markets.

Market Cap

EUR 2.7B

Pitch Price

EUR 10.96

Price Target

N/A

Dividend

2.01%

EV/EBITDA

9.10

P/E

16.56

EV/Sales

1.03

Sector

Trading Companies and Distributors

Category

turnaround

Show full summary:
Azelis (AZE Belgium): Still waiting for the cycle to turn

AZE.BR (quick overview): Specialty chemical distributor struggles with negative organic growth, sliding profitability amid weak industrial demand. 87% FCF conversion from inventory optimization, not growth. Cost cuts starting Q4 but cyclical headwinds persist across regions. Attractive medium-term fundamentals but needs volume recovery for momentum.

Read full article (2 min)