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

In our weekly check, Azimut Holding S.p.A. is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 18 pass, warnings: 2, red flags: 4.

About Azimut Holding S.p.A.

Azimut Holding S.p.A. is a Financial Services company (Asset Management) based in Italy, listed on MIL as AZM.MI.

What our checks show for AZM.MI

Red flags

• The net margin fell by 11.8 points over 5 years, to 34.4%: the company keeps less of each sale as profit.
• Analysts expect the net margin to shrink by 3.6 points from today's 34.4%.
• The stock has fallen as much as 78% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 4.3 years.

Warning signs

• Thinly traded (about 484 thousand shares a day): buying and selling can move the price.
• Return on capital (ROCE) is only 6.4%.

Strengths

• Debt is low: 0.08x equity.
• Operating profit covers interest 55.1 times over.
• The gross margin is 68.6% and has risen by 23.6 points: pricing power is holding.
• Operating cash flow is 1.35x net profit: the profit arrives as real cash.
• The company keeps 34.4% of its revenue as net profit.
• Free cash flow is 45.6% of revenue: cash for dividends, buybacks or growth.

Next earnings report: 2026-11-05

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Questions

What grade does Azimut Holding S.p.A. (AZM.MI) have?

In our weekly check, Azimut Holding S.p.A. is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 18 pass, warnings: 2, red flags: 4. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of AZM.MI stock?

This week's biggest flags for Azimut Holding S.p.A.: Margins falling, Margins expected to shrink, Deep past fall. In total 6 of 24 checks show a warning or a red flag.

What does Azimut Holding S.p.A. do?

Azimut Holding S.p.A. is a Financial Services company (Asset Management) based in Italy, listed on MIL as AZM.MI.

When does Azimut Holding S.p.A. report earnings next?

The next earnings report is expected on 2026-11-05. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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