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Akzo Nobel NV
(AKZA)
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Rating:66Neutral
Price Target:
€65.00
▲(4.97% Upside)
Action:Reiterated
Date:10/23/26
The score is driven primarily by stable-to-improving profitability and positive cash generation, tempered by declining revenue and rising leverage. Technicals are supportive with price above major moving averages and positive MACD, while valuation is reasonable with a moderate P/E and a solid dividend yield.
Positive Factors
Improved Operating Profitability
TTM operating margin of about 19% versus 9–11% in 2023–2025 shows a meaningful profitability improvement. If maintained, stronger margins can support earnings resilience and internal funding even while the company serves varied construction and industrial markets.
Negative Factors
Declining Revenue
A declining top line indicates that current margin gains are not being supported by revenue expansion. Persistent weakness in sales can reduce operating leverage, constrain reinvestment capacity, and make it harder to sustain improved profitability across the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Operating Profitability
TTM operating margin of about 19% versus 9–11% in 2023–2025 shows a meaningful profitability improvement. If maintained, stronger margins can support earnings resilience and internal funding even while the company serves varied construction and industrial markets.
Read all positive factors
Akzo Nobel NV (AKZA) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€10.07B
Dividend Yield3.36%
Average Volume (3M)599.33K
Price to Earnings (P/E)15.4
Beta (1Y)1.01
Revenue Growth-5.00%
EPS Growth1020.46%
CountryNL
Employees29,900
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)3.81
Shares Outstanding171,442,640
10 Day Avg. Volume739,568
30 Day Avg. Volume599,327
Financial Highlights & Ratios
PEG Ratio0.94
Price to Book (P/B)2.17
Price to Sales (P/S)1.00
P/FCF Ratio16.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€65.00Price Target Upside4.97% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)3.94
Revenue Forecast (FY)€10.02B
Akzo Nobel NV Business Overview & Revenue Model
Company Description
Akzo Nobel N.V. operates globally as a prominent manufacturer and distributor of paints and protective coatings. The company provides a comprehensive selection of decorative solutions, including paints, lacquers, and varnishes, alongside advanced ...
How the Company Makes Money
AkzoNobel primarily makes money by selling coating products—both decorative paints and industrial/performance coatings—to professional customers and distribution partners worldwide. Its revenue model is predominantly product sales: it manufactures...
Akzo Nobel NV Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
56
Neutral
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.88B | 10.16B | 10.71B | 10.67B | 10.85B | 9.59B |
| Gross Profit | 4.02B | 4.05B | 4.34B | 4.23B | 3.92B | 3.85B |
| EBITDA | 2.27B | 1.54B | 1.40B | 1.41B | 1.06B | 1.53B |
| Net Income | 652.00M | 635.00M | 542.00M | 442.00M | 352.00M | 829.00M |
Balance Sheet | ||||||
| Total Assets | 16.02B | 13.95B | 14.25B | 14.56B | 14.74B | 13.88B |
| Cash, Cash Equivalents and Short-Term Investments | 3.41B | 1.92B | 1.47B | 1.78B | 1.79B | 1.21B |
| Total Debt | 6.50B | 4.86B | 5.37B | 5.56B | 5.88B | 3.55B |
| Total Liabilities | 11.00B | 9.13B | 9.43B | 10.01B | 10.19B | 8.24B |
| Stockholders Equity | 4.85B | 4.66B | 4.57B | 4.32B | 4.33B | 5.42B |
Cash Flow | ||||||
| Free Cash Flow | 500.00M | 606.00M | 362.00M | 834.00M | -29.00M | 317.00M |
| Operating Cash Flow | 799.00M | 915.00M | 741.00M | 1.21B | 291.00M | 605.00M |
| Investing Cash Flow | 319.00M | 424.00M | -132.00M | -144.00M | -1.09B | -134.00M |
| Financing Cash Flow | 680.00M | -964.00M | -684.00M | -827.00M | 1.14B | -974.00M |
Akzo Nobel NV Technical Analysis
Positive
61.92
Price Trends
58.26
Positive
58.82
Positive
56.00
Positive
Market Momentum
0.39
Negative
53.24
Neutral
49.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:AKZA, the sentiment is Positive. The current price of 61.92 is above the 20-day moving average (MA) of 58.25, above the 50-day MA of 58.26, and above the 200-day MA of 56.00, indicating a bullish trend. The MACD of 0.39 indicates Negative momentum. The RSI at 53.24 is Neutral, neither overbought nor oversold. The STOCH value of 49.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:AKZA.
Akzo Nobel NV Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | €25.48B | -22.07 | ― | 2.35% | -44.75% | -301.20% | |
66 Neutral | €10.07B | 15.45 | 13.55% | 3.36% | -5.00% | 1020.46% | |
63 Neutral | €1.49B | 24.00 | 8.30% | 2.47% | -3.37% | -8.22% | |
62 Neutral | €6.00B | 26.06 | 11.06% | 1.78% | 2.64% | -14.83% | |
61 Neutral | €4.55B | 30.10 | 6.21% | 2.73% | 0.24% | 2.12% | |
59 Neutral | €61.52M | 17.65 | 5.86% | 2.83% | -2.97% | -40.85% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
NL:AKZA
Akzo Nobel NV
59.30
3.96
7.16%
NL:AALB
Aalberts Industries N.V.
41.22
14.62
54.99%
NL:CRBN
Corbion NV
27.38
10.63
63.41%
NL:HOLCO
Holland Colours N.V.
72.00
-20.63
-22.27%
NL:IMCD
IMCD N.V.
102.25
13.85
15.67%
NL:DSFIR
DSM-Firmenich AG
106.75
38.70
56.86%
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.