Azelis Group NV (HAM:2R7) Scaled Net Operating Assets: 0.76 (As of Dec. 2025)


HAM:2R7 Azelis Group NV HAM:2R7
52 GF Score
Price €9.69
GF Value €18.35
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Azelis Group NV Scaled Net Operating Assets?

Azelis Group NV HAM:2R7 -1.27% 52 Scaled Net Operating Assets is 0.76 as of Dec. 2025. GuruFocus rates HAM:2R7 with a GF Score™ of 52/100 and a GF Value™ of €18.35 (Significantly Undervalued). The stock has 4 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Azelis Group NV's operating assets for the quarter that ended in Dec. 2025 was €5,144 Mil. Azelis Group NV's operating liabilities for the quarter that ended in Dec. 2025 was €817 Mil. Azelis Group NV's Total Assets for the quarter that ended in Jun. 2025 was €5,668 Mil. Therefore, Azelis Group NV's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.76.


Azelis Group NV Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Azelis Group NV's Scaled Net Operating Assets 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.

Azelis Group NV Scaled Net Operating Assets Chart

Azelis Group NV Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 1.06 0.91 0.80 0.80 0.75

Azelis Group NV Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.70 0.75 0.77 0.74 0.76

HAM:2R7 vs LIN, SHW, ECL: Scaled Net Operating Assets Comparison

For the Specialty Chemicals subindustry, Azelis Group NV's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Azelis Group NV Scaled Net Operating Assets vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Azelis Group NV's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Azelis Group NV's Scaled Net Operating Assets falls into.


HAM:2R7
52GF Score
Azelis Group NV HAM:2R7
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Azelis Group NV Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Azelis Group NV's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(5143.661-817.133)/5762.88
=0.75

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5406.675 - 263.014
=5143.661

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2690.947 - 1736.597 - 137.217
=817.133

Azelis Group NV's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(5143.661-817.133)/5667.666
=0.76

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5406.675 - 263.014
=5143.661

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2690.947 - 1736.597 - 137.217
=817.133

* 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.

What does a Scaled Net Operating Assets of 0.76 mean?
Azelis Group NV (HAM:2R7) has a Scaled Net Operating Assets of 0.76 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Azelis Group NV and its competitors.
Is Azelis Group NV's Scaled Net Operating Assets too high?
Azelis Group NV's current Scaled Net Operating Assets is 0.76. Overall, Azelis Group NV has a GF Score™ of 52/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Azelis Group NV's Scaled Net Operating Assets compare to LIN and SHW?
Azelis Group NV's Scaled Net Operating Assets of 0.76 can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Chemicals company?
A good Scaled Net Operating Assets depends on the Chemicals industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Azelis Group NV and its competitors. Azelis Group NV's current Scaled Net Operating Assets is 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azelis Group NV stock overvalued right now?
Based on GuruFocus' analysis, Azelis Group NV (HAM:2R7) is currently considered Significantly Undervalued. The stock's GF Value™ is €18.35, compared to a current price of €9.69 — trading 47.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.76. Azelis Group NV's overall GF Score™ is 52/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Azelis Group NV (HAM:2R7), the current Scaled Net Operating Assets is 0.76 as of Dec. 2025. 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 Azelis Group NV (HAM:2R7) Overvalued in 2026?

Based on GuruFocus' analysis, Azelis Group NV stock appears to be undervalued. The current stock price of €9.69 is trading 47.2% below its estimated GF Value™ of €18.35. GuruFocus considers Azelis Group NV to be Significantly Undervalued.

Key valuation signals for HAM:2R7:

  • Scaled Net Operating Assets: 0.76
  • GF Value™: €18.35 vs. price of €9.69 (47.2% below fair value)
  • GF Score™: 52/100 with 4 warning signs

No single metric tells the full story. See the HAM:2R7 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Azelis Group NV Business Description

Address Posthofbrug 12, Box 6, Berchem, Antwerp, BEL, 2600
Azelis Group NV is an innovation service provider and distributor of speciality chemicals and food ingredients. The Group provides innovation services, multi-product formulations, technical and regulatory expertise, co-creation support, digital solutions, and supply chain services. It serves Food & Nutrition, Animal Nutrition, Personal Care, Home Care & Industrial Cleaning, Pharmaceuticals & Healthcare, Agriculture & Environmental Solutions, Flavours & Fragrances, and Nutraceuticals. The Group operates through four segments: EMEA, Americas, Asia Pacific, and Group holding & other, covering operating companies across Europe, the Middle East and Africa, the United States, Canada, Mexico and South America, Asia, and the Pacific region.
52GF Score

Get the complete analysis for HAM:2R7

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€9.69
Price
€18.35
GF Value