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Azkoyen, S.A.
(BME:AZK)
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Rating:65Neutral
Price Target:
€11.50
▲(14.43% Upside)
Action:N/A
Date:07/30/26
The score is driven primarily by strong financial quality (low leverage and healthy profitability) but is meaningfully offset by weak technical positioning (price below key short- and medium-term moving averages). Valuation is supportive with a reasonable P/E and a moderate dividend yield, helping stabilize the overall rating.
Positive Factors
Conservative balance sheet
Material deleveraging to a debt-to-equity near 0.14 provides durable financial flexibility. Low leverage reduces refinancing and interest risk, supports investment in product development or service capacity, and preserves capacity to fund dividends or opportunistic M&A over the medium term.
Negative Factors
Margin compression in 2025
A notable gross margin decline in 2025 signals structural headwinds such as cost inflation, adverse product mix, or pricing pressure. If persistent, margin erosion will reduce operating leverage, lower free cash generation and constrain returns on invested capital over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Material deleveraging to a debt-to-equity near 0.14 provides durable financial flexibility. Low leverage reduces refinancing and interest risk, supports investment in product development or service capacity, and preserves capacity to fund dividends or opportunistic M&A over the medium term.
Read all positive factors
Azkoyen, S.A. (AZK) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€243.79M
Dividend Yield2.88%
Average Volume (3M)43.05K
Price to Earnings (P/E)15.6
Beta (1Y)0.33
Revenue Growth8.12%
EPS Growth-19.61%
CountryES
Employees1,022
SectorIndustrials
Sector Strength72
IndustryBusiness Equipment & Supplies
Share Statistics
EPS (TTM)N/A
Shares Outstanding24,450,000
10 Day Avg. Volume24,120
30 Day Avg. Volume43,046
Financial Highlights & Ratios
PEG Ratio-1.86
Price to Book (P/B)1.59
Price to Sales (P/S)1.01
P/FCF Ratio8.89
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Azkoyen, S.A. Business Overview & Revenue Model
Company Description
Azkoyen, S.A. engages in the manufacturing, marketing, distribution, leasing, purchase, and sale of vending machines and dispensers in Spain and internationally. It operates through Coffee & Vending Systems, Payment Technologies, and Time & Securi...
How the Company Makes Money
Azkoyen makes money mainly by selling equipment and by generating recurring revenue from the installed base of machines and systems. A core revenue stream comes from the sale of vending and coffee machines (hardware) to operators, distributors, an...
Azkoyen, S.A. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
82
Very Positive
Cash Flow
68
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 217.45M | 211.07M | 199.05M | 192.47M | 170.84M | 138.87M |
| Gross Profit | 56.55M | 57.07M | 128.92M | 119.94M | 108.81M | 91.69M |
| EBITDA | 34.79M | 37.53M | 35.81M | 34.01M | 28.02M | 22.96M |
| Net Income | 15.47M | 17.32M | 18.59M | 17.34M | 14.91M | 12.93M |
Balance Sheet | ||||||
| Total Assets | 243.37M | 206.21M | 208.59M | 214.89M | 209.61M | 170.87M |
| Cash, Cash Equivalents and Short-Term Investments | 50.24M | 19.64M | 18.89M | 13.77M | 11.08M | 24.68M |
| Total Debt | 37.08M | 18.71M | 28.77M | 42.46M | 46.30M | 16.20M |
| Total Liabilities | 126.53M | 71.89M | 82.06M | 98.84M | 106.78M | 56.35M |
| Stockholders Equity | 116.72M | 133.37M | 126.34M | 115.86M | 102.70M | 114.33M |
Cash Flow | ||||||
| Free Cash Flow | 31.98M | 23.86M | 33.43M | 10.91M | 14.09M | 16.77M |
| Operating Cash Flow | 33.61M | 25.40M | 37.21M | 15.87M | 19.18M | 21.17M |
| Investing Cash Flow | -3.85M | -2.50M | -3.78M | -260.00K | -30.41M | -4.36M |
| Financing Cash Flow | 5.81M | -22.12M | -28.27M | -12.98M | -2.27M | -13.37M |
Azkoyen, S.A. Peers Comparison
UnderperformOutperform
Sector (63)
ES:AZK
Azkoyen, S.A.
10.00
2.08
26.26%
ES:END
Endurance Motive SA
3.45
-0.27
-7.26%
ES:GSJ
Grupo Empresarial San Jose, S.A.
7.77
1.21
18.45%
ES:NBI
NBI Bearings Europe SA
3.08
-0.10
-3.14%
ES:ALQ
Alquiber Quality SA
15.80
3.31
26.54%
ES:GGR
Grupo Greening 2022 SA
1.78
-2.50
-58.39%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.