Azelio (AZELIO.ST) Stock Price

Azelio Price

Delisted·May 31, 2024
0.42SEK
Last traded price

Revenue at Azelio has contracted by 29.4% per year over the past 7 years to 594,000.00 SEK. Azelio's net margin stands at -83,636.5%, down from -4,730.4% several years earlier.

Azelio stock price

Volume
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Azelio over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Azelio stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Azelio's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Azelio Stock Price History
DateAzelio Price
Access this data via the Eulerpool API

Azelio Revenue, EBIT, Net Income

  • 3 Years

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2019
1.67 M SEK
-160.51 M SEK
-175.06 M SEK
Jan 1, 2020
1.07 M SEK
-191.54 M SEK
-193.95 M SEK
Jan 1, 2021
1.16 M SEK
-364.18 M SEK
-367.57 M SEK
Jan 1, 2022
594,000.00 SEK
-491.36 M SEK
-496.80 M SEK
Jan 1, 2023 (e)
120.00 M SEK
-45.45 M SEK
-23.05 M SEK
Jan 1, 2024 (e)
519.00 M SEK
27.27 M SEK
6.15 M SEK
Jan 1, 2025 (e)
999.75 M SEK
64.72 M SEK
17.04 M SEK
Jan 1, 2026 (e)
13.25 B SEK
-321.34 M SEK
-119.25 M SEK

Azelio Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 2, 2026, 3:47 PM
 
REVENUEB SEK
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM SEK
EBITM SEK
EBIT MARGIN%
NET INCOMEM SEK
NET INCOME GROWTH%
SHARESM
201520162017201820192020202120222023e2024e2025e2026e
0.010.120.521.0013.25
-50.00-33.33-50.00332.5092.491,226.33
883.332,733.333,300.006,000.0012,400.0012,400.0013,500.0039.179.064.700.35
53.0082.0066.0060.00124.00124.00135.0047.0047.0047.0047.0047.00
-81.00-98.00-95.00-91.00-160.00-191.00-364.00-491.00-45.0027.0064.00-321.00
-1,350.00-3,266.67-4,750.00-9,100.00-16,000.00-19,100.00-36,400.00-37.505.206.41-2.42
-91.00-107.00-97.00-91.00-175.00-193.00-367.00-496.00-23.006.0017.00-119.00
17.58-9.35-6.1992.3110.2990.1635.15-95.36-126.09183.33-800.00
68.07153.66260.4460.0656.5494.6980.51153.66153.66153.66153.66153.66
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Azelio generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Azelio retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Azelio's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Azelio has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Azelio's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Azelio stock margins

The Azelio margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Azelio. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Azelio.
  • 3 Years

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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2018
3,119.89 %
-4,736.24 %
-4,730.39 %
Jan 1, 2019
7,471.08 %
-9,611.38 %
-10,482.81 %
Jan 1, 2020
11,600.09 %
-17,834.45 %
-18,059.03 %
Jan 1, 2021
11,684.85 %
-31,340.36 %
-31,632.45 %
Jan 1, 2022
8,050.00 %
-82,720.04 %
-83,636.54 %
Jan 1, 2023 (e)
8,050.00 %
-37.88 %
-19.21 %
Jan 1, 2024 (e)
8,050.00 %
5.25 %
1.18 %
Jan 1, 2025 (e)
8,050.00 %
6.47 %
1.70 %

Azelio Stock Revenue, EBIT, Earnings per Share

The Azelio earnings per share therefore indicates how much revenue Azelio has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2018
0.03 SEK
-1.53 SEK
-1.53 SEK
Jan 1, 2019
0.03 SEK
-2.84 SEK
-3.10 SEK
Jan 1, 2020
0.01 SEK
-2.02 SEK
-2.05 SEK
Jan 1, 2021
0.01 SEK
-4.52 SEK
-4.57 SEK
Jan 1, 2022
0.00 SEK
-3.20 SEK
-3.23 SEK
Jan 1, 2023 (e)
0.78 SEK
-0.30 SEK
-0.15 SEK
Jan 1, 2024 (e)
3.38 SEK
0.18 SEK
0.04 SEK
Jan 1, 2025 (e)
6.51 SEK
0.42 SEK
0.11 SEK

Azelio business model & stock analysis

Azelio AB is a Swedish company based in Gothenburg that specializes in the development and manufacturing of energy storage systems. The company was founded in 2008 under the name Cleanergy AB by a team of scientists, engineers, and entrepreneurs from the energy industry with the goal of creating innovative solutions for the energy sector. Azelio's business model is based on the idea of collecting, storing, and retrieving renewable energy as needed, in order to reduce dependence on conventional fossil fuels and accelerate the energy transition. The company offers various energy storage solutions, including the patented Thermal Energy Storage (TES) system, which is based on the power storage system and combines thermal energy storage and supply. Azelio operates in three business areas: energy production, energy storage, and power supply. In the field of energy production, the company has developed a highly efficient, modular solar concentrator technology that allows for the collection of concentrated solar energy in a small area and the generation of electricity from it. These concentrators use parabolic reflector technology to focus sunlight onto a small point where a receiver is placed, which converts the light into heat, which is then converted into electricity. In the field of energy storage, Azelio offers its TES system, which stores heat energy in a liquid medium and releases it when needed. The system is ideal for applications where large amounts of energy need to be stored over longer periods of time, such as in power grids or industrial facilities. The company has also developed a solid particle technology that allows for the storage of heat energy in a medium other than water. In the field of power supply, Azelio offers solutions for decentralized and autonomous power supply and has a unique modular platform for various applications and system sizes. Typical applications include off-grid systems for rural areas, island and emergency power supply for cities or facilities, as well as grid-connected systems. Azelio has also developed a variety of products suitable for use in various industries, including residential buildings, commercial buildings, industrial processes, and district heating networks. The company works closely with partners to deliver customized solutions to customers worldwide tailored to their energy needs and other specific requirements. Over the years, Azelio has received several awards for its innovative products and technologies and has made a name for itself in the industry due to its commitment to sustainability and environmental protection. The company also works closely with research institutions and universities to drive further innovations in the field of renewable energy. In summary, Azelio is an innovative company specializing in the development and manufacturing of energy storage solutions and technologies. The TES system and solar concentrator technology are examples of the products and solutions the company offers worldwide, and its commitment to sustainability and environmental protection is an integral part of its mission. Overall, Azelio is a promising company that can contribute to accelerating the transition to renewable energy and developing pioneering energy and storage solutions.

Azelio SWOT Analysis

Strengths

Azelio AB is positioned as a technologically advanced company, constantly pursuing innovation in the renewable energy sector. Their unique solution, utilizing thermal energy storage in combination with Stirling engine technology, gives them a competitive edge.

Azelio has established strong strategic partnerships with key industry players, enabling them to access financial resources, expertise, and a wider customer base. These alliances contribute to the company's growth and market reach.

Weaknesses

Despite the promising technology, Azelio still faces challenges in penetrating the market on a large scale. The adoption of their solutions may be hindered by the dominance of traditional energy sources and established competitors in the renewable energy industry.

The cost of Azelio's solution, although competitive considering the long-term benefits, remains a potential weakness. Lowering production costs and establishing cost-effective manufacturing processes will be crucial for wider market acceptance and scalability.

Opportunities

The global shift towards sustainability and the increasing demand for clean energy provide opportunities for Azelio to explore untapped markets and capitalize on the expanding renewable energy sector.

Various governments worldwide are implementing supportive policies and financial incentives to accelerate the adoption of renewable energy. Azelio can benefit from such programs and secure long-term partnerships with both public and private entities.

Threats

The renewable energy market is highly competitive, with numerous players offering similar solutions. Azelio must continuously differentiate itself, refine its technology, and effectively market its advantages to remain competitive and avoid potential market saturation.

Changes in government regulations and policies can significantly impact the renewable energy sector. Azelio needs to stay informed and adapt its strategy and offerings to align with any new requirements that may arise.

Azelio Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Azelio historical P/E ratio, EBIT multiple, and P/S ratio

Azelio annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Azelio shares outstanding

The number of shares of Azelio was 153.66 M in 2025. This indicates how many shares Azelio is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2018
60.06 M Stocks
Jan 1, 2019
56.54 M Stocks
Jan 1, 2020
94.69 M Stocks
Jan 1, 2021
80.51 M Stocks
Jan 1, 2022
153.66 M Stocks
Jan 1, 2023 (e)
153.66 M Stocks
Jan 1, 2024 (e)
153.66 M Stocks
Jan 1, 2025 (e)
153.66 M Stocks
Price targets and forecasts for Azelio are not yet available.

EESG©

Eulerpool ESG Scorecard© for the Azelio stock

23/100
30
Environment
27
Social
12
Governance
E

Environment

20
Scope 1 - Direct Emissions
Scope 2 - Indirect emissions from purchased energy
Scope 3 - Indirect emissions within the value chain
Total CO₂ emissions
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees24.479
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Azelio shareholder structure

% Name
23.43264%
Blue Marlin AB
Blue Marlin AB
13.24320%
Heights Capital Management, Inc.
Heights Capital Management, Inc.
11.96880%
Avanza Bank Holding AB
Avanza Bank Holding AB
5.70286%
O neill (Jim)
O neill (Jim)
3.05877%
Braginsky Family Office AG
Braginsky Family Office AG
2.43956%
Nordnet Pensionsforsakring AB
Nordnet Pensionsforsakring AB

Azelio Beneficial Ownership Filings (SEC 13D/G)

Shares Outstanding
-

Azelio Executives and Management Board

BD

Mr. Bo Dankis

(68)

Chairman of the Board · since 2011

Compensation500,000.00 SEK
KJ

Mr. Kent Janer

(61)

Director

Compensation230,000.00 SEK
BV

Mr. Bertil Villard

(70)

Independent Director

Compensation230,000.00 SEK
HB

Mr. Hicham Bouzekri

(49)

Director

Compensation150,000.00 SEK
PN

Mr. Paer Nuder

(59)

Independent Director

Compensation150,000.00 SEK

Azelio Supply Chain

Frequently asked questions about Azelio

The business model of Azelio AB is centered around providing sustainable energy solutions. Azelio specializes in developing and manufacturing advanced energy storage systems based on thermal energy storage with Stirling engine technology. Their innovative systems enable the storage and efficient distribution of renewable energy, offering a reliable and cost-effective solution for various applications. By utilizing their technology, Azelio aims to contribute to the global transition towards clean energy sources, reducing reliance on fossil fuels and supporting a greener future.

All fundamentals and in-depth analysis of Azelio

Our stock analysis for Azelio stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Azelio. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.