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Akzo Nobel NV AKZA Stock Quote

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Last close prices updated as of Feb 08, 2023, 5:35 PM CET | EUR
  • Last Close 69.76
  • Sector Basic Materials
  • Industry Specialty Chemicals
  • Investment Style Mid Blend
  • Day Range 70.40  –  76.78
  • Year Range 55.10  –  96.12
  • Market Cap 12.1719 Bil
  • Volume / Avg 1.2 Mil /  519,101.9
  • Price / Sales 1.16
  • Price / Book 2.35
  • Forward Div Yield 2.84%
  • Trailing Div Yield 2.81%

Morningstar‘s Stock Analysis AKZA

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AkzoNobel's Fourth-Quarter EBIT Was Lower Than Expected; Shares Remain Undervalued

Rob Hales Senior Analyst

Analyst Note

| Rob Hales |

Narrow-moat AkzoNobel reported fourth-quarter EBIT of EUR 126 million, a year-on-year decline of 40% that missed the Vara consensus estimate by EUR 80 million and previous company guidance of EUR 150 million. This result was mainly due to the negative impact of volume declines on both of it segments: decorative paintings and performance coatings. The company's outlook for 2023 projects an adjusted EBITDA range of EUR 1.2 billion to EUR 1.5 billion, which is broadly in line with our forecast but falls below consensus expectations. This change is mainly due to management's lower projections for volume, in the range of negative 1% to negative 5%, which is below our 3% expectation. We might trim our 2023 volume estimates but don’t expect them to have a material impact on our EUR 100 fair value estimate. Despite the disappointing quarter and the drop in guidance, shares are up around 3% at the time of writing. We surmise the market was anticipating an even worse quarter and, in general, European chemical stocks are up on Feb. 8. At current levels, the shares still look undervalued.

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Key Statistics AKZA

Company Profile AKZA

Business Description

Netherlands-based AkzoNobel is one of the world’s largest paint and coatings producers. Around 35% of sales are generated in mature Europe, while its Asia-Pacific division has grown quickly to more than 30% of sales. Construction-related end markets are the most important, but meaningful revenue is also generated from the industrial, consumer goods, and transportation markets.

Christian Neefestraat 2
Amsterdam, NH, 1077 WW, NLD
Industry Specialty Chemicals
Employees 35,600

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FAQs for Akzo Nobel NV Stock

Yes. AKZA has a forward dividend yield of 2.84%. See AKZA’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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AKZA’s market cap is 12.17 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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AKZA’s stock style is Mid Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

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AKZA’s price/sales is 1.16.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

AKZA’s price/forward earnings is 18.55.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

AKZA’s price/book is 2.35.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

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AKZA’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare AKZA’s historical performance against its industry peers and the overall market.