Want to see AKZOY full AI Analyst Report?
Akzo Nobel (AKZOY) AI Stock Analysis
Akzo Nobel
(Other OTC:AKZOY)
AKZOY scores as moderately attractive: the biggest constraint is fundamentals—sharp recent revenue decline, elevated leverage, and weakening free-cash-flow momentum—despite improved margins. The latest earnings call is a meaningful support, with maintained EBITDA guidance, pricing power to offset inflation, and continued margin expansion, though volumes and regulatory/transaction risks remain. Valuation is reasonable with a solid dividend, while technicals are neutral and suggest limited near-term trend strength.
Akzo Nobel (AKZOY) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $34.02B
- Dividend Yield
- 3.51%
- Average Volume (3M)
- 208.98K
- Price to Earnings (P/E)
- 15.6
- Beta (1Y)
- 0.82
- Revenue Growth
- -0.12%
- EPS Growth
- 1453.82%
- Country
- US
- Employees
- 31,500
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Chemicals - Specialty
Akzo Nobel Business Overview & Revenue Model
Company Description
Akzo Nobel N.V. operates as an international corporation, specializing in the creation, production, and distribution of a comprehensive array of paints and protective surface coverings. The company's offerings fall into two primary categories: decora...
How the Company Makes Money
Akzo Nobel makes money primarily by selling paints and coatings products and related services to professional and consumer customers worldwide. Its revenue model is largely volume- and price-driven: the company manufactures coatings and decorative pa...
Akzo Nobel Earnings Call Summary
The call was predominantly positive. AkzoNobel reported organic sales growth, continued pricing execution, six consecutive quarters of margin expansion, improved working capital, lower leverage, strong value realization from portfolio disposals, and maintained its 2026 EBITDA outlook. These achievements were partly offset by lower volumes, challenging automotive, construction and China markets, high single-digit raw material inflation, transaction-related cash outflows, and pending regulatory clearances for the Axanzo merger.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
AkzoNobel continues to expect 2026 adjusted EBITDA of around EUR 1.47 billion; for Q4, volumes are forecasted to be flat, pricing is expected to be a slight net positive against raw material inflation, and OpEx savings will be delivered as per plan. Pricing will continue to fully offset the inflation currently seen and go further if required, including into next year; raw material inflation was high single digits up in Q3, with a similar trend expected in Q4. The Axanzo value case remains $600 million of cost synergies, around 90% within 3 years of closing, and 100 to 200 basis points of revenue synergy uplift, with closing remaining on track for early 2027.
Akzo Nobel Financial Statement Overview
Summary
Income statement shows improving profitability (TTM net margin ~6.6%, gross margin ~40%), but the top line is weakening with a sharp TTM revenue decline (~-18%). Balance sheet leverage is elevated and higher versus prior years (debt-to-equity up to ~1.34 TTM), reducing flexibility. Cash flow remains positive (TTM FCF ~$477M) but is declining (~-19% TTM) with inconsistent conversion historically, tempering confidence in sustained cash generation.
Income Statement
64PositiveBalance Sheet
55NeutralCash Flow
50Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.89B | 9.76B | 10.71B | 10.67B | 10.85B | 9.59B |
| Gross Profit | 4.02B | 3.89B | 4.34B | 4.23B | 3.92B | 3.85B |
| EBITDA | 2.21B | 1.48B | 1.40B | 1.33B | 1.06B | 1.53B |
| Net Income | 649.75M | 609.94M | 542.00M | 442.00M | 352.00M | 829.00M |
Balance Sheet | ||||||
| Total Assets | 16.29B | 13.95B | 14.25B | 14.56B | 14.74B | 13.88B |
| Cash, Cash Equivalents and Short-Term Investments | 3.47B | 1.92B | 1.47B | 1.78B | 1.79B | 1.21B |
| Total Debt | 6.61B | 4.86B | 5.37B | 5.56B | 5.88B | 3.55B |
| Total Liabilities | 11.19B | 9.13B | 9.43B | 10.01B | 10.19B | 8.24B |
| Stockholders Equity | 4.94B | 4.66B | 4.57B | 4.32B | 4.33B | 5.42B |
Cash Flow | ||||||
| Free Cash Flow | 477.38M | 582.08M | 362.00M | 834.00M | -38.00M | 317.00M |
| Operating Cash Flow | 774.41M | 878.89M | 668.00M | 1.12B | 254.00M | 605.00M |
| Investing Cash Flow | 319.55M | 407.27M | -132.00M | -144.00M | -1.09B | -134.00M |
| Financing Cash Flow | 694.79M | -925.95M | -684.00M | -827.00M | 1.14B | -974.00M |
Akzo Nobel Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AKZOY, the sentiment is Positive. The current price of 22.07 is above the 20-day moving average (MA) of 21.90, below the 50-day MA of 22.27, and above the 200-day MA of 21.73, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 50.94 is Neutral, neither overbought nor oversold. The STOCH value of 15.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AKZOY.
Akzo Nobel Peers Comparison
Overall Rating
RPM72Outperform
AXTA71.82Outperform
SHW69Neutral
PPG62Neutral- AKZOY60Neutral
ASH56Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| RPM | 72Outperform | $13.06B | 18.86 | 21.13% | 2.14% | 5.96% | 0.68% |
| AXTA | 72Outperform | $7.29B | 21.84 | 13.48% | ― | 0.14% | -25.40% |
| SHW | 69Neutral | $80.35B | 30.29 | 63.49% | 0.96% | 7.03% | 5.95% |
| PPG | 62Neutral | $26.40B | 16.98 | 19.05% | 2.40% | 6.39% | 27.29% |
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| AKZOY | 60Neutral | $11.39B | 15.56 | 13.55% | 3.51% | -0.12% | 1453.82% |
| ASH | 56Neutral | $3.42B | 65.51 | 2.77% | 2.24% | -1.39% | ― |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AKZOY | Akzo Nobel | 22.07 | 0.76 | 3.56% | |
| ASH | Ashland Global Holdings, Inc. | 74.68 | 27.76 | 59.17% | |
| PPG | Ppg Industries, Inc. | 119.52 | 26.98 | 29.16% | |
| RPM | RPM International | 102.44 | -3.61 | -3.41% | |
| SHW | Sherwin-Williams | 332.61 | -9.78 | -2.86% | |
| AXTA | Axalta Coating Systems | 34.07 | 5.97 | 21.25% |
Akzo Nobel Corporate Events
Akzo Nobel Posts Q3 2026 Results and Confirms 2026 EBITDA Target
Akzo Nobel reported its third-quarter 2026 results on October 21, 2026, posting 2% organic sales growth driven by pricing, while overall revenue remained flat amid lower volumes in Decorative Paints and Performance Coatings. Operating income fell dee...
AkzoNobel Files Q3 2026 Form 6-K, Details Risks Around Proposed Axalta Deal
Akzo Nobel N.V. has filed a Form 6-K with the U.S. Securities and Exchange Commission dated October 21, 2026, furnishing its Q3 2026 report as Exhibit 99.1. The filing confirms that AkzoNobel continues to report as a foreign private issuer under Form...
AkzoNobel Posts Q3 Margin Gains and Strikes $1.35bn Southeast Asia Paints Sale
AkzoNobel reported its third-quarter 2026 results on October 21, showing 2% organic sales growth driven by pricing, with reported revenue essentially flat year-on-year at €2.54 billion. Organic adjusted EBITDA rose €15 million, lifting th...
AkzoNobel Sets November 30 EGM to Advance Merger with Axalta
On October 16, 2026, AkzoNobel reported to the U.S. SEC that it will convene an Extraordinary General Meeting on November 30, 2026, to advance its planned all-share merger of equals with Axalta Coating Systems. Shareholders will be asked to approve c...
AkzoNobel and Axalta Unveil Axanzo Name for Planned Merger
On October 15, 2026, AkzoNobel and Axalta Coating Systems announced that their merged entity will be called Axanzo, with a planned ticker symbol of AXZ on the NYSE and Euronext Amsterdam once the transaction closes. The name is intended to signal a &...
AkzoNobel Divests South East Asia Decorative Paints Unit to Nippon Paint for $1.35 Billion
On October 5, 2026, AkzoNobel announced binding agreements to sell its Decorative Paints business in seven South East Asia and Pacific markets to Nippon Paint for an enterprise value of about $1.35 billion. The divested operations span Vietnam, Indon...
AkzoNobel and Axalta Finalize Board Line‑Up for Pending Merger
On August 31, 2026, AkzoNobel and Axalta announced that industry executives Stephan B. Tanda, Denise C. Johnson and investment specialist Robert Schuchna have agreed to serve as non‑executive directors on the Board of their planned merged compa...
AkzoNobel Shareholders Clear Path for Merger with Axalta
On August 5, 2026, AkzoNobel shareholders approved all resolutions at an Extraordinary General Meeting supporting an all-share merger with Axalta Coating Systems. The vote covers the merger itself, changes to AkzoNobel’s Articles of Association...
AkzoNobel and Axalta Tighten Governance Terms Ahead of August Merger Votes
AkzoNobel and Axalta, which are pursuing an all-share merger of equals, announced on July 23, 2026 that they will strengthen governance for the future combined company following extensive dialogue with shareholders and other stakeholders. The adjustm...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 23, 2026