AZZ
AZZ Incorporated
NYSE: AZZ · INDUSTRIALS · SPECIALTY BUSINESS SERVICES
$148.65
-0.56% today
Updated 2026-06-05
Market cap
$4.53B
P/E ratio
14.37
P/S ratio
2.75x
EPS (TTM)
$10.50
Dividend yield
0.51%
52W range
$86 – $154
Volume
0.2M
AZZ Incorporated (AZZ) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed AZZ price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$148.65
Today
Analyst consensus
$155.00
+4.27% · 12M
2030 Base
$88.89
-40.20% future
NPV today
$55.17
@ 11% WACC
10 analysts:
4 Buy4 Hold0 Sell
Management guidance
AZZ reaffirmed FY2027 sales guidance of $1,730M–$1,780M (midpoint $1,755M, representing 6.4% growth from FY2026 $1,650M). CEO emphasized continued infrastructure tailwinds, galvanizing demand expansion, and bolt-on M&A strategy to drive EBITDA accretion. No specific guidance beyond FY2027 disclosed, but management signaled multi-year visibility on U.S. infrastructure spending and coatings capacity utilization.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
AZZ · AZZ Incorporated · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$88.89
NPV today: $55.17
Base case (2030)
$88.89
NPV today: $55.17
Bull case (2030)
$246.45
NPV today: $152.97
WallStSmart.com
AZZ financial forecast · Research-backed projections
| Metric | 2026 | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.9B | $2.0B | $2.2B | $2.4B |
| Revenue growth | 4.6% | 7.4% | 9.0% | 8.3% | 7.2% |
| Net margin | — | 12.9% | 13.5% | 13.7% | 13.8% |
| EPS | $6.03 | $8.10 | $9.20 | $10.10 | $10.90 |
| Diluted shares | — | 30M | 30M | 30M | 30M |
| Net debt | — | $258.28M | $84.51M | $-103.67M | $-305.41M |
| P/S multiple | — | 1.0x | 1.0x | 1.0x | 1.0x |
| Implied price (base) | — | $54.00 | $65.32 | $77.07 | $88.89 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $2.4B | $2.4B | $2.4B |
| P/S multiple | 1.0x | 1.0x | 3.0x |
| Diluted shares | 30M | 30M | 30M |
| Net debt | $-305.41M | $-305.41M | $-305.41M |
| Implied P/E † | 8x | 8x | 23x |
| 2030 Price | $88.89 | $88.89 | $246.45 |
| NPV @ 11% | $55.17 | $55.17 | $152.97 |
† Implied P/E: Multiples remain elevated across all three scenarios because AZZ is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $88.89 base case
AZZ catalysts and risks
Growth catalysts
+ U.S. infrastructure spending (bipartisan infrastructure bill) driving galvanizing demand through 2028–2030
+ Expansion of hot-dip galvanizing capacity and coil coating production to capture market share
+ Bolt-on M&A strategy in Metal Coatings segment to add immediate EBITDA and cross-sell synergies
+ Refinanced credit facility (May 2029 maturity, reduced borrowing costs) enabling leverage flexibility for M&A
+ Industrial/construction cycle acceleration as mega-cap infrastructure capex materializes
Key risks
- Cyclical exposure: construction/infrastructure recession could compress galvanizing volumes and margins
- Commodity cost volatility (zinc, steel, labor) impacting gross margins if pricing power lags
- M&A integration risk: bolt-on acquisitions may not achieve expected EBITDA accretion or synergies
- Competition intensification from larger industrial conglomerates or international galvanizers
- Debt servicing and leverage constraints limiting aggressive capex or M&A if EBITDA growth stalls
Methodology · AZZ Incorporated 2030 stock forecast model
AZZ Incorporated 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 10 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (1% cumulative for AZZ by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-305.41M by 2030) |
| 3. Time value | NPV calculated using 11% WACC (CAPM: beta 1.164) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 1.0x / bull 3.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.
AZZ price target FAQ
What is the AZZ price target for 2030?
WallStSmart's AZZ Incorporated 2030 base case is $88.89 per share, with a bull case of $246.45 and bear case of $88.89. The NPV of the base case discounted to today at 11% WACC is $55.17.
How is the AZZ Incorporated 2030 stock forecast calculated?
The AZZ 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the AZZ price target account for dilution?
AZZ Incorporated is projected to grow diluted share count from 30M to 30M by 2030 (a 1% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 1%.
What is the analyst consensus on AZZ stock?
10 analysts cover AZZ with an average 12-month price target of $155.00. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.