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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Azimut Holding SpA's retained earnings for the quarter that ended in Mar. 2026 was €125 Mil.
Azimut Holding SpA's quarterly retained earnings
increased
from Sep. 2025 (€386 Mil) to Dec. 2025 (€526 Mil) but then
declined
from Dec. 2025 (€526 Mil) to Mar. 2026 (€125 Mil).
Azimut Holding SpA's annual retained earnings
increased
from Dec. 2023 (€435 Mil) to Dec. 2024 (€576 Mil) but then
declined
from Dec. 2024 (€576 Mil) to Dec. 2025 (€526 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Azimut Holding SpA Retained Earnings Historical Data
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The historical data trend for Azimut Holding SpA's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Azimut Holding SpA (CHIX:AZMM) has a Retained Earnings of €125 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Azimut Holding SpA and its competitors.
Is Azimut Holding SpA's Retained Earnings too high?
Azimut Holding SpA's current Retained Earnings is €125 Mil. Overall, Azimut Holding SpA has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Azimut Holding SpA's Retained Earnings compare to BLK and BX?
Azimut Holding SpA's Retained Earnings of €125 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Asset Management company?
A good Retained Earnings depends on the Asset Management industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Azimut Holding SpA and its competitors. Azimut Holding SpA's current Retained Earnings is €125 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azimut Holding SpA stock overvalued right now?
Based on GuruFocus' analysis, Azimut Holding SpA (CHIX:AZMM) is currently considered Modestly Overvalued. The stock's GF Value™ is €29.34, compared to a current price of €35.23 — trading 20.1% above its estimated fair value. The current Retained Earnings is €125 Mil. Azimut Holding SpA's overall GF Score™ is 85/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Azimut Holding SpA (CHIX:AZMM), the current Retained Earnings is €125 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Azimut Holding SpA (CHIX:AZMM) Overvalued in 2026?
Based on GuruFocus' analysis, Azimut Holding SpA stock appears to be overvalued.
The current stock price of €35.23 is trading 20.1% above its estimated GF Value™ of €29.34.
GuruFocus considers Azimut Holding SpA to be Modestly Overvalued.
Key valuation signals for CHIX:AZMM:
Retained Earnings: €125 Mil
GF Value™: €29.34 vs. price of €35.23 (20.1% above fair value)
No single metric tells the full story. See the CHIX:AZMM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Azimut Holding SpA is a large independent asset management firm operating primarily in Italy but with an increasingly global presence. In Italy, its capital management division sells and manages Italian mutual funds, Italian hedge funds, and is active in the discretionary management of individual investment portfolios. Its international business operations involve the sale, management, and distribution of financial and insurance products. Its portfolio solutions encompass a broad array of strategies that cut across various traditional and alternative asset classes. A majority of its revenue is derived from recurring fees from assets under management.
85GF Score
Get the complete analysis for CHIX:AZMM
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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