Azerion Group (AZRN) Fair Value & Analysis
Communication Services · NL · Market cap €124M
Fair value as of: Jul 19, 2026
From 2 valuation models · updated 22 days ago
Share price +1.9% over the past month.
Below-average quality, screening 167% undervalued on our models.
What matters now
- The large discount to fair value meets weak quality (39/100). That raises the risk this is a value trap rather than a bargain.
- The price is below even our cautious bear case (€1.77). The market is more pessimistic than our downside scenario.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- A fairly wide model range (€1.77 to €3.89) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.
How to read this chart
60‑month range €0.6880 – €10.00 · fair‑value band €1.77 – €3.89 · the €1.06 price screens below the €2.83 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.
Analysis
Azerion Group (AZRN) currently trades at €1.06, while our model-based Fair Value estimate is €2.83, implying the stock looks roughly 167.0% undervalued today. The Quality Score stands at 39/100 (below-average quality), in the Communication Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.
Over the trailing twelve months, Azerion Group generated revenue of €542M at a net margin of -6.4%. Revenue grew 1.6% year over year. Net debt stands at €172M. Fundamentals as of Jul 19, 2026
Our scenario range runs from €1.77 (bear case) to €3.89 (bull case); at €1.06, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 27% below its 52-week high and 61% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -19% fair-value upside, at 167%, AZRN screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 2 models by family
Widest divergence: Multiples (€2.94) versus Asset-Based (€0.0800). Highest evidence: EV/EBITDA (54).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 36 · Market factors (momentum, volatility) 49
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Azerion Group N.V. operates a digital entertainment and media platform. It provides digital advertising solutions; Demand Side Platform which offers a tool to manage every aspect of campaigns for global brands, major agencies, and local advertisers; Supply Side Platform that enables publishers to manage their available ad slots across various media formats, …
Full company description
Azerion Group N.V. operates a digital entertainment and media platform. It provides digital advertising solutions; Demand Side Platform which offers a tool to manage every aspect of campaigns for global brands, major agencies, and local advertisers; Supply Side Platform that enables publishers to manage their available ad slots across various media formats, including websites, apps, TV, outdoor screens, and audio streams; and data management platform technology. The company also engages in distribution of AAA and casual games. It operates in Belgium, France, Germany, Ireland, Italy, Nordic Countries, Spain, the Netherlands, the United Arab Emirates, the United Kingdom, the United States, other Europeian Countries, and other non-European Countries. The company was founded in 2013 and is based in Schiphol-Rijk, the Netherlands.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Azerion Group reported revenue of €541M in FY2025 versus €308M in FY2021, a compound +15.1%/yr. Reported net income was −€34.6M in FY2025.
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Peer Group
Electronic Gaming & Multimedia · 152 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Electronic Gaming & Multimedia median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Electronic Gaming & Multimedia stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NetEase, Inc 9999 | HK$202.60 | HK$192.74 | -5% |
| Electronic Arts Inc EA | $207.27 | $76.57 | -63% |
| Take-Two Interactive Software, Inc TTWO | $237.04 | $60.45 | -74% |
| Roblox Corporation RBLX | $57.07 | $21.20 | -63% |
| Zhejiang Century Huatong Group 002602 | ¥14.04 | ¥14.68 | +5% |
| KRAFTON, Inc 259960 | 240,500 KRW | 395,557 KRW | +64% |
| Kunlun Tech Co 300418 | ¥44.61 | ¥6.87 | -85% |
| Giant Network Group 002558 | ¥29.98 | ¥15.69 | -48% |
| International Games System Co 3293 | 704.00 TWD | 568.16 TWD | -19% |
| 37 Interactive Entertainment Network Technology Group 002555 | ¥19.02 | ¥22.29 | +17% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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