Azelis Group NVHAM:2R7 -0.15%52 Altman Z-Score is 1.88 as of Jun. 25, 2026, which is 21% below its 10-year median of 2.37. 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. Among 1,571 Chemicals companies, Azelis Group NV ranks worse than 75.05% on this metric.
The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.
Warning Sign:
Altman Z-score of 1.87 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
Azelis Group NV has a Altman Z-Score of 1.88, indicating it is in Grey Zones. This implies that Azelis Group NV is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
The historical rank and industry rank for Azelis Group NV's Altman Z-Score or its related term are showing as below:
HAM:2R7'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.84 Med: 2.37 Max: 3.07
Current: 1.87
During the past 8 years, Azelis Group NV's highest Altman Z-Score was 3.07. The lowest was 1.84. And the median was 2.37.
Azelis Group NV (HAM:2R7) Altman Z-Score Explanation
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
Altman Z-Score does not apply to financial companies.
Azelis Group NV Altman Z-Score Related Terms
Azelis Group NV Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Azelis Group NV's Altman Z-Score 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.
HAM:2R7 vs LIN, SHW, ECL: Altman Z-Score Comparison
For the Specialty Chemicals subindustry, Azelis Group NV's Altman Z-Score, along with its competitors' market caps and Altman Z-Score 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 Altman Z-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Azelis Group NV's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Azelis Group NV's Altman Z-Score falls into.
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
Azelis Group NV's Altman Z-Score for today is calculated with this formula:
Z
=
1.2
*
X1
+
1.4
*
X2
+
3.3
*
X3
+
0.6
*
X4
+
1.0
*
X5
=
1.2
*
0.1252
+
1.4
*
0.1831
+
3.3
*
0.0501
+
0.6
*
0.8981
+
1.0
*
0.7643
=
1.88
* 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. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.
Azelis Group NV (HAM:2R7) has a Altman Z-Score of 1.88 as of Jun. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Azelis Group NV and its competitors. This is 21% below median its historical median of 2.37. Over the past decade, Azelis Group NV's Altman Z-Score has ranged from 1.84 to 3.07. According to the industry distribution chart, Azelis Group NV ranks #1179 out of 1571 companies in the Chemicals industry, placing it in the top 75%.
Is Azelis Group NV's Altman Z-Score too high?
Azelis Group NV's current Altman Z-Score of 1.88 is 21% below median its 10-year median of 2.37. Over the past 10 years, this metric has ranged from a low of 1.84 to a high of 3.07. The Chemicals industry median Altman Z-Score is 3.18. Azelis Group NV's value of 1.88 is 40.9% below this industry median. Based on the distribution chart, Azelis Group NV ranks #1179 out of 1571 companies in the Chemicals industry, which is below the industry midpoint. 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 Altman Z-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Azelis Group NV ranks #1179 out of 1571 companies for Altman Z-Score. This places Azelis Group NV in the lower half of its industry. The industry median Altman Z-Score is 3.18. Azelis Group NV's value of 1.88 is 40.9% below this benchmark. Historically, Azelis Group NV's own Altman Z-Score has ranged from 1.84 to 3.07 over the past decade. While the company's 10-year median is 2.37 vs. the industry median of 3.18, Azelis Group NV has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z-Score for a Chemicals company?
The median Altman Z-Score among Chemicals companies is 3.18, based on 1,571 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Azelis Group NV's current Altman Z-Score of 1.88 is 40.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Azelis Group NV and its competitors. For the Chemicals industry, the median Altman Z-Score is 3.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Azelis Group NV's current Altman Z-Score is 1.88, which is 21% below median its own 10-year median of 2.37. 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 €9.67 — trading 47.3% below its estimated fair value. The current Altman Z-Score is 1.88, which is 21% below median its 10-year median of 2.37 and 40.9% below the Chemicals industry median of 3.18. 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 Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Azelis Group NV (HAM:2R7), the current Altman Z-Score is 1.88 as of Jun. 25, 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 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 €9.67 is trading 47.3% below its estimated GF Value™ of €18.35.
GuruFocus considers Azelis Group NV to be Significantly Undervalued.
Key valuation signals for HAM:2R7:
Altman Z-Score: 1.88 (21% below median its 10-year median of 2.37)
GF Value™: €18.35 vs. price of €9.67 (47.3% below fair value)
Industry Position: 40.9% below the Chemicals median (#1179 of 1571)
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 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
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