View ValuationAvax 将来の成長Future 基準チェック /16Avax収益と収益がそれぞれ年間2.9%と0.3%増加すると予測されています。主要情報2.9%収益成長率n/aEPS成長率Construction 収益成長10.9%収益成長率0.3%将来の株主資本利益率16.40%アナリストカバレッジLow最終更新日06 May 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesBuy Or Sell Opportunity • Jun 02Now 21% undervaluedOver the last 90 days, the stock has risen 18% to €3.38. The fair value is estimated to be €4.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 0.3% per annum. Earnings are also forecast to grow by 2.9% per annum over the same time period.Buy Or Sell Opportunity • May 18Now 21% undervaluedOver the last 90 days, the stock has risen 8.9% to €3.36. The fair value is estimated to be €4.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 0.3% per annum. Earnings are also forecast to grow by 2.9% per annum over the same time period.Valuation Update With 7 Day Price Move • May 06Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €3.30, the stock trades at a trailing P/E ratio of 10.9x. Average forward P/E is 13x in the Construction industry in Europe. Total returns to shareholders of 413% over the past three years.Reported Earnings • Apr 20Full year 2025 earnings released: EPS: €0.32 (vs €0.14 in FY 2024)Full year 2025 results: EPS: €0.32 (up from €0.14 in FY 2024). Revenue: €958.2m (up 47% from FY 2024). Net income: €47.5m (up 123% from FY 2024). Profit margin: 5.0% (up from 3.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.6% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Apr 04Avax S.A. announces Annual dividend, payable on July 27, 2026Avax S.A. announced Annual dividend of EUR 0.1000 per share payable on July 27, 2026, ex-date on July 21, 2026 and record date on July 22, 2026.お知らせ • Apr 03Avax S.A. to Report First Half, 2026 Results on Sep 30, 2026Avax S.A. announced that they will report first half, 2026 results on Sep 30, 2026お知らせ • Apr 02+ 1 more updateAvax S.A., Annual General Meeting, Jul 02, 2026Avax S.A., Annual General Meeting, Jul 02, 2026.Buy Or Sell Opportunity • Mar 27Now 32% undervaluedOver the last 90 days, the stock has risen 25% to €2.64. The fair value is estimated to be €3.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company has become profitable.Buy Or Sell Opportunity • Feb 08Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at €3.23. The fair value is estimated to be €4.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company has become profitable.Valuation Update With 7 Day Price Move • Jan 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €3.51, the stock trades at a trailing P/E ratio of 9x. Average forward P/E is 14x in the Construction industry in Europe. Total returns to shareholders of 478% over the past three years.Valuation Update With 7 Day Price Move • Jan 02Investor sentiment improves as stock rises 42%After last week's 42% share price gain to €3.00, the stock trades at a trailing P/E ratio of 7.7x. Average forward P/E is 13x in the Construction industry in Europe. Total returns to shareholders of 431% over the past three years.Reported Earnings • Dec 16Third quarter 2025 earnings releasedThird quarter 2025 results: EPS: €0.095. Revenue: €214.7m (up 71% from 3Q 2024). Net income: €14.0m (up €28.3m from 3Q 2024). Profit margin: 6.5% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Nov 12Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non Executive Director Paul Canellopoulos was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Buy Or Sell Opportunity • Oct 16Now 49% undervalued after recent price dropOver the last 90 days, the stock has fallen 37% to €1.72. The fair value is estimated to be €3.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable.Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorates as stock falls 40%After last week's 40% share price decline to €1.79, the stock trades at a trailing P/E ratio of 12x. Average forward P/E is 13x in the Construction industry in Europe. Total returns to shareholders of 259% over the past three years.Reported Earnings • Sep 30First half 2025 earnings released: EPS: €0.19 (vs €0.13 in 1H 2024)First half 2025 results: EPS: €0.19 (up from €0.13 in 1H 2024). Revenue: €467.5m (up 62% from 1H 2024). Net income: €28.1m (up 46% from 1H 2024). Profit margin: 6.0% (down from 6.6% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 45% per year whereas the company’s share price has increased by 49% per year.Valuation Update With 7 Day Price Move • Sep 25Investor sentiment deteriorates as stock falls 37%After last week's 37% share price decline to €1.86, the stock trades at a trailing P/E ratio of 17.3x. Average forward P/E is 13x in the Construction industry in Europe. Total returns to shareholders of 264% over the past three years.Buy Or Sell Opportunity • Sep 19Now 48% undervalued after recent price dropOver the last 90 days, the stock has fallen 16% to €1.77. The fair value is estimated to be €3.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 65%.Valuation Update With 7 Day Price Move • Sep 03Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €1.72, the stock trades at a trailing P/E ratio of 15.9x. Average forward P/E is 13x in the Construction industry in Europe. Total returns to shareholders of 230% over the past three years.Upcoming Dividend • Aug 26Upcoming dividend of €0.07 per shareEligible shareholders must have bought the stock before 02 September 2025. Payment date: 08 September 2025. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (3.4%).Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 29%After last week's 29% share price gain to €2.71, the stock trades at a trailing P/E ratio of 15.7x. Average forward P/E is 13x in the Construction industry in Europe. Total returns to shareholders of 431% over the past three years.Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €2.11, the stock trades at a trailing P/E ratio of 14.3x. Average forward P/E is 13x in the Construction industry in Europe. Total returns to shareholders of 291% over the past three years.Reported Earnings • May 12Full year 2024 earnings released: EPS: €0.14 (vs €0.069 in FY 2023)Full year 2024 results: EPS: €0.14 (up from €0.069 in FY 2023). Revenue: €651.5m (up 44% from FY 2023). Net income: €21.3m (up 114% from FY 2023). Profit margin: 3.3% (up from 2.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth.お知らせ • Apr 30Avax S.A. announces Annual dividend, payable on September 08, 2025Avax S.A. announced Annual dividend of EUR 0.0700 per share payable on September 08, 2025, ex-date on September 02, 2025 and record date on September 03, 2025.お知らせ • Apr 28Avax S.A., Annual General Meeting, Jul 15, 2025Avax S.A., Annual General Meeting, Jul 15, 2025.Valuation Update With 7 Day Price Move • Apr 22Investor sentiment deteriorates as stock falls 39%After last week's 39% share price decline to €1.46, the stock trades at a trailing P/E ratio of 11.3x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 127% over the past three years.New Risk • Apr 14New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Share price has been highly volatile over the past 3 months (43% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (4.7% net profit margin).Valuation Update With 7 Day Price Move • Apr 08Investor sentiment improves as stock rises 40%After last week's 40% share price gain to €2.31, the stock trades at a trailing P/E ratio of 10.9x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 269% over the past three years.Valuation Update With 7 Day Price Move • Feb 28Investor sentiment deteriorates as stock falls 33%After last week's 33% share price decline to €1.82, the stock trades at a trailing P/E ratio of 13.2x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 258% over the past three years.Valuation Update With 7 Day Price Move • Jan 27Investor sentiment deteriorates as stock falls 37%After last week's 37% share price decline to €1.37, the stock trades at a trailing P/E ratio of 10.6x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 105% over the past three years.Valuation Update With 7 Day Price Move • Jan 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €1.32, the stock trades at a trailing P/E ratio of 9.9x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 67% over the past three years.Valuation Update With 7 Day Price Move • Dec 23Investor sentiment improves as stock rises 24%After last week's 24% share price gain to €1.40, the stock trades at a trailing P/E ratio of 8.7x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 21% over the past three years.Reported Earnings • Oct 01First half 2024 earnings released: EPS: €0.13 (vs €0.023 in 1H 2023)First half 2024 results: EPS: €0.13 (up from €0.023 in 1H 2023). Revenue: €289.1m (up 50% from 1H 2023). Net income: €19.2m (up 483% from 1H 2023). Profit margin: 6.6% (up from 1.7% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.お知らせ • Sep 27Avax S.A. to Report First Half, 2024 Results on Sep 26, 2024Avax S.A. announced that they will report first half, 2024 results on Sep 26, 2024Valuation Update With 7 Day Price Move • Aug 29Investor sentiment deteriorates as stock falls 41%After last week's 41% share price decline to €1.02, the stock trades at a trailing P/E ratio of 20.7x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 8.5% over the past three years.Valuation Update With 7 Day Price Move • Aug 06Investor sentiment improves as stock rises 47%After last week's 47% share price gain to €1.55, the stock trades at a trailing P/E ratio of 18.2x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 107% over the past three years.Upcoming Dividend • Jul 22Upcoming dividend of €0.03 per shareEligible shareholders must have bought the stock before 29 July 2024. Payment date: 02 August 2024. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.7%).Valuation Update With 7 Day Price Move • Jun 05Investor sentiment improves as stock rises 50%After last week's 50% share price gain to €1.75, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 134% over the past three years.Buy Or Sell Opportunity • May 24Now 51% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.5% to €1.21. The fair value is estimated to be €2.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.5% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 84% in 2 years. Earnings are forecast to grow by 308% in the next 2 years.Valuation Update With 7 Day Price Move • May 20Investor sentiment deteriorates as stock falls 24%After last week's 24% share price decline to €1.40, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 72% over the past three years.Reported Earnings • May 01Full year 2023 earnings releasedFull year 2023 results: Revenue: €453.5m (up 13% from FY 2022). Net income: €10.0m (down 10.0% from FY 2022). Profit margin: 2.2% (down from 2.8% in FY 2022).お知らせ • Apr 28+ 1 more updateAvax S.A., Annual General Meeting, Jun 12, 2024Avax S.A., Annual General Meeting, Jun 12, 2024. Agenda: to consider distribution of a dividend for 2023.New Risk • Apr 16New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (27% average weekly change). Minor Risks High level of debt (141% net debt to equity). Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Short dividend paying track record (1 year of continuous dividend payments). Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.8% increase in shares outstanding).Valuation Update With 7 Day Price Move • Mar 12Investor sentiment improves as stock rises 55%After last week's 55% share price gain to €1.94, the stock trades at a trailing P/E ratio of 6.6x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 284% over the past three years.Valuation Update With 7 Day Price Move • Feb 16Investor sentiment improves as stock rises 69%After last week's 69% share price gain to €2.13, the stock trades at a trailing P/E ratio of 7.3x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 379% over the past three years.New Risk • Jan 19New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (41% average weekly change). Minor Risks High level of debt (141% net debt to equity). Short dividend paying track record (1 year of continuous dividend payments). Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.8% increase in shares outstanding).Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improves as stock rises 63%After last week's 63% share price gain to €1.68, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 311% over the past three years.Valuation Update With 7 Day Price Move • Oct 30Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €1.04, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 10x in the Construction industry in Europe. Total returns to shareholders of 190% over the past three years.Valuation Update With 7 Day Price Move • Oct 06Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €1.45, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 326% over the past three years.Reported Earnings • Oct 01First half 2023 earnings releasedFirst half 2023 results: Revenue: €192.2m (down 1.1% from 1H 2022). Net income: €3.40m (up €25.0m from 1H 2022). Profit margin: 1.8% (up from net loss in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 54% per year, which means it is well ahead of earnings.お知らせ • Aug 10Mytilineos S.A. (ATSE:MYTIL) agreed to acquire Volterra SA from Avax S.A. (ATSE:AVAX) for €24 million.Mytilineos S.A. (ATSE:MYTIL) agreed to acquire Volterra SA from Avax S.A. (ATSE:AVAX) for €24 million on August 9, 2023. On the date of the transfer, AVAX will receive the amount of €6 million as payment and further €7 million as advance payment against the additional price. The transaction is subject to all necessary approvals from the Hellenic Competition Commission and other authorities.Valuation Update With 7 Day Price Move • Jun 16Investor sentiment improves as stock rises 56%After last week's 56% share price gain to €1.30, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 299% over the past three years.Upcoming Dividend • Jun 12Upcoming dividend of €0.07 per share at 6.2% yieldEligible shareholders must have bought the stock before 19 June 2023. Payment date: 23 June 2023. Trailing yield: 6.2%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.7%).お知らせ • Jun 01Avax S.A., Annual General Meeting, Jun 14, 2023Avax S.A., Annual General Meeting, Jun 14, 2023, at 13:00 E. Europe Standard Time. Location: AMAROUSIOU - CHALANDRIOU 16, 151 25 MAROUSI Marousi GreeceReported Earnings • May 02Full year 2022 earnings released: EPS: €0.077 (vs €0.002 in FY 2021)Full year 2022 results: EPS: €0.077 (up from €0.002 in FY 2021). Revenue: €402.7m (down 32% from FY 2021). Net income: €11.1m (up €10.8m from FY 2021). Profit margin: 2.8% (up from 0.1% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 30% per year.Reported Earnings • Dec 14Third quarter 2022 earnings releasedThird quarter 2022 results: EPS: €0.099. Revenue: €100.8m (down 49% from 3Q 2021). Net income: €14.3m (up €16.4m from 3Q 2021). Profit margin: 14% (up from net loss in 3Q 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 25Aktor Concessions SA completed the acquisition of 20.53% stake in Gefyra S.A. from Avax S.A. (ATSE:AVAX) for €16.6 million.Unknown buyers signed principle agreement to acquire 20.53% stake in Gefyra S.A. from Avax S.A. (ATSE:AVAX) on November 15, 2022. Such in principle agreement does not qualify as a definite agreement being subject to terms and conditions. Aktor Concessions SA completed the acquisition of 20.53% stake in Gefyra S.A. from Avax S.A. (ATSE:AVAX) for €16.6 million on November 23, 2022.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non Executive Director Theodora Monohartzi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Nov 16Unknown buyers signed principle agreement to acquire 20.53% stake in Gefyra S.A. from Avax S.A. (ATSE:AVAX).Unknown buyers signed principle agreement to acquire 20.53% stake in Gefyra S.A. from Avax S.A. (ATSE:AVAX) on November 15, 2022. Such in principle agreement does not qualify as a definite agreement being subject to terms and conditions.Reported Earnings • Sep 30First half 2022 earnings released: EPS: €0 (vs €0.037 in 1H 2021)First half 2022 results: EPS: €0. Revenue: €358.9m (up 11% from 1H 2021). Net income: €12.7m (up 137% from 1H 2021). Profit margin: 3.5% (up from 1.7% in 1H 2021). The increase in margin was driven by higher revenue.お知らせ • Jun 01Avax S.A., Annual General Meeting, Jun 23, 2022Avax S.A., Annual General Meeting, Jun 23, 2022, at 13:00 E. Europe Standard Time. Location: AMAROUSSIOU CHALANDRIOU 16, 151 25 MAROUSSI Athens GreeceReported Earnings • Apr 28Full year 2021 earnings released: EPS: €0.002 (vs €0.045 in FY 2020)Full year 2021 results: EPS: €0.002 (down from €0.045 in FY 2020). Revenue: €592.2m (up 2.7% from FY 2020). Net income: €341.0k (down 94% from FY 2020). Profit margin: 0.1% (down from 1.1% in FY 2020). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.お知らせ • Apr 28Avax Commences Talks with Investors to Sell VolterraAvax S.A. (ATSE:AVAX) (the "Company") informed the investment public that the Company, aided by a financial advisor, commenced talks with interested investors for Volterra SA. For the time being, there is no agreement or conclusion of negotiations regarding the transfer or partial sale of Volterra.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non Executive Director Theodora Monohartzi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 03First half 2021 earnings released: EPS €0.037 (vs €0.082 in 1H 2020)The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: €324.3m (up 25% from 1H 2020). Net income: €5.35m (down 48% from 1H 2020). Profit margin: 1.7% (down from 4.0% in 1H 2020). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Sep 22Investor sentiment improved over the past weekAfter last week's 61% share price gain to €1.37, the stock trades at a trailing P/E ratio of 25.8x. Average trailing P/E is 31x in the Construction industry in Germany. Total returns to shareholders of 512% over the past three years.Valuation Update With 7 Day Price Move • Sep 03Investor sentiment improved over the past weekAfter last week's 15% share price gain to €1.02, the stock trades at a trailing P/E ratio of 27.3x. Average trailing P/E is 31x in the Construction industry in Germany. Total returns to shareholders of 360% over the past three years.Valuation Update With 7 Day Price Move • Aug 19Investor sentiment improved over the past weekAfter last week's 59% share price gain to €1.34, the stock trades at a trailing P/E ratio of 25.3x. Average trailing P/E is 15x in the Construction industry in Europe. Total returns to shareholders of 502% over the past three years.Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improved over the past weekAfter last week's 61% share price gain to €1.34, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 15x in the Construction industry in Europe. Total returns to shareholders of 437% over the past three years.Valuation Update With 7 Day Price Move • Jun 24Investor sentiment improved over the past weekAfter last week's 70% share price gain to €1.34, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 15x in the Construction industry in Europe. Total returns to shareholders of 344% over the past three years.Reported Earnings • May 01Full year 2020 earnings releasedThe company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: €576.6m (flat on FY 2019). Net income: €6.08m (up €23.5m from FY 2019). Profit margin: 1.1% (up from net loss in FY 2019).Is New 90 Day High Low • Jan 14New 90-day high: €0.81The company is up 110% from its price of €0.39 on 15 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 23% over the same period.Is New 90 Day High Low • Dec 29New 90-day high: €0.76The company is up 131% from its price of €0.33 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 23% over the same period.Is New 90 Day High Low • Dec 10New 90-day high: €0.75The company is up 159% from its price of €0.29 on 10 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 9.0% over the same period.Is New 90 Day High Low • Nov 19New 90-day high: €0.68The company is up 133% from its price of €0.29 on 20 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 1.0% over the same period.Is New 90 Day High Low • Oct 12New 90-day high: €0.63The company is up 110% from its price of €0.30 on 14 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 8.0% over the same period.Reported Earnings • Oct 03First half earnings releasedOver the last 12 months the company has reported total losses of €16.2m, with losses narrowing by 5.1% from the prior year. Total revenue was €520.8m over the last 12 months, down 13% from the prior year.Is New 90 Day High Low • Sep 19New 90-day high: €0.35The company is up 8.0% from its price of €0.33 on 19 June 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 10.0% over the same period.業績と収益の成長予測BST:IJ6 - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20281,013527981212/31/20271,018488281212/31/20261,012526047212/31/2025958473748N/A9/30/202591958N/AN/AN/A6/30/202583030-36-26N/A3/31/202574126-45-32N/A12/31/202465121-54-38N/A9/30/20245458N/AN/AN/A6/30/202455026-120N/A3/31/2024502181835N/A12/31/2023454103750N/A9/30/202343124N/AN/AN/A6/30/2023401366469N/A3/31/2023402242327N/A12/31/202240311-19-14N/A9/30/2022482-18N/AN/AN/A6/30/2022525-30-6-2N/A3/31/2022559-151924N/A12/31/202159204450N/A9/30/20217220N/AN/AN/A6/30/20214648-72-48N/A3/31/20214649-96-59N/A12/31/202046310-120-70N/A6/30/2020521-16-546N/A3/31/2020548-173473N/A12/31/2019576-177499N/A6/30/2019555-15N/A31N/A3/31/2019546-20N/A6N/A12/31/2018538-24N/A-19N/A9/30/2018616-20N/A-19N/A6/30/2018649-14N/A-24N/A3/31/2018661-12N/A-28N/A12/31/2017673-10N/A-32N/A9/30/2017634-35N/A-6N/A6/30/2017594-60N/A20N/A3/31/2017568-55N/A-1N/A12/31/2016541-51N/A-22N/A9/30/2016515-29N/A-64N/A6/30/2016495-19N/A-105N/A3/31/201646111N/A-56N/A12/31/20154560N/A-16N/A9/30/20155295N/A9N/A6/30/2015508-7N/A29N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: IJ6の予測収益成長率 (年間2.9% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: IJ6の収益 ( 2.9% ) German市場 ( 17% ) よりも低い成長が予測されています。高成長収益: IJ6の収益は増加すると予測されていますが、大幅には増加しません。収益対市場: IJ6の収益 ( 0.3% ) German市場 ( 6.6% ) よりも低い成長が予測されています。高い収益成長: IJ6の収益 ( 0.3% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: IJ6の 自己資本利益率 は、3年後には低くなると予測されています ( 16.4 %)。成長企業の発掘7D1Y7D1Y7D1YCapital-goods 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/16 06:27終値2026/06/16 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Avax S.A. 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。5 アナリスト機関Andrew MurphyEdison Investment ResearchNatalya DaviesEdison Investment ResearchChristiana ArmpouniotiEurobank Equities Investment Firm S.A.2 その他のアナリストを表示
Buy Or Sell Opportunity • Jun 02Now 21% undervaluedOver the last 90 days, the stock has risen 18% to €3.38. The fair value is estimated to be €4.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 0.3% per annum. Earnings are also forecast to grow by 2.9% per annum over the same time period.
Buy Or Sell Opportunity • May 18Now 21% undervaluedOver the last 90 days, the stock has risen 8.9% to €3.36. The fair value is estimated to be €4.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 0.3% per annum. Earnings are also forecast to grow by 2.9% per annum over the same time period.
Valuation Update With 7 Day Price Move • May 06Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €3.30, the stock trades at a trailing P/E ratio of 10.9x. Average forward P/E is 13x in the Construction industry in Europe. Total returns to shareholders of 413% over the past three years.
Reported Earnings • Apr 20Full year 2025 earnings released: EPS: €0.32 (vs €0.14 in FY 2024)Full year 2025 results: EPS: €0.32 (up from €0.14 in FY 2024). Revenue: €958.2m (up 47% from FY 2024). Net income: €47.5m (up 123% from FY 2024). Profit margin: 5.0% (up from 3.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.6% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Apr 04Avax S.A. announces Annual dividend, payable on July 27, 2026Avax S.A. announced Annual dividend of EUR 0.1000 per share payable on July 27, 2026, ex-date on July 21, 2026 and record date on July 22, 2026.
お知らせ • Apr 03Avax S.A. to Report First Half, 2026 Results on Sep 30, 2026Avax S.A. announced that they will report first half, 2026 results on Sep 30, 2026
お知らせ • Apr 02+ 1 more updateAvax S.A., Annual General Meeting, Jul 02, 2026Avax S.A., Annual General Meeting, Jul 02, 2026.
Buy Or Sell Opportunity • Mar 27Now 32% undervaluedOver the last 90 days, the stock has risen 25% to €2.64. The fair value is estimated to be €3.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company has become profitable.
Buy Or Sell Opportunity • Feb 08Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at €3.23. The fair value is estimated to be €4.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company has become profitable.
Valuation Update With 7 Day Price Move • Jan 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €3.51, the stock trades at a trailing P/E ratio of 9x. Average forward P/E is 14x in the Construction industry in Europe. Total returns to shareholders of 478% over the past three years.
Valuation Update With 7 Day Price Move • Jan 02Investor sentiment improves as stock rises 42%After last week's 42% share price gain to €3.00, the stock trades at a trailing P/E ratio of 7.7x. Average forward P/E is 13x in the Construction industry in Europe. Total returns to shareholders of 431% over the past three years.
Reported Earnings • Dec 16Third quarter 2025 earnings releasedThird quarter 2025 results: EPS: €0.095. Revenue: €214.7m (up 71% from 3Q 2024). Net income: €14.0m (up €28.3m from 3Q 2024). Profit margin: 6.5% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Nov 12Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non Executive Director Paul Canellopoulos was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Buy Or Sell Opportunity • Oct 16Now 49% undervalued after recent price dropOver the last 90 days, the stock has fallen 37% to €1.72. The fair value is estimated to be €3.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable.
Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorates as stock falls 40%After last week's 40% share price decline to €1.79, the stock trades at a trailing P/E ratio of 12x. Average forward P/E is 13x in the Construction industry in Europe. Total returns to shareholders of 259% over the past three years.
Reported Earnings • Sep 30First half 2025 earnings released: EPS: €0.19 (vs €0.13 in 1H 2024)First half 2025 results: EPS: €0.19 (up from €0.13 in 1H 2024). Revenue: €467.5m (up 62% from 1H 2024). Net income: €28.1m (up 46% from 1H 2024). Profit margin: 6.0% (down from 6.6% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 45% per year whereas the company’s share price has increased by 49% per year.
Valuation Update With 7 Day Price Move • Sep 25Investor sentiment deteriorates as stock falls 37%After last week's 37% share price decline to €1.86, the stock trades at a trailing P/E ratio of 17.3x. Average forward P/E is 13x in the Construction industry in Europe. Total returns to shareholders of 264% over the past three years.
Buy Or Sell Opportunity • Sep 19Now 48% undervalued after recent price dropOver the last 90 days, the stock has fallen 16% to €1.77. The fair value is estimated to be €3.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 65%.
Valuation Update With 7 Day Price Move • Sep 03Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €1.72, the stock trades at a trailing P/E ratio of 15.9x. Average forward P/E is 13x in the Construction industry in Europe. Total returns to shareholders of 230% over the past three years.
Upcoming Dividend • Aug 26Upcoming dividend of €0.07 per shareEligible shareholders must have bought the stock before 02 September 2025. Payment date: 08 September 2025. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (3.4%).
Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 29%After last week's 29% share price gain to €2.71, the stock trades at a trailing P/E ratio of 15.7x. Average forward P/E is 13x in the Construction industry in Europe. Total returns to shareholders of 431% over the past three years.
Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €2.11, the stock trades at a trailing P/E ratio of 14.3x. Average forward P/E is 13x in the Construction industry in Europe. Total returns to shareholders of 291% over the past three years.
Reported Earnings • May 12Full year 2024 earnings released: EPS: €0.14 (vs €0.069 in FY 2023)Full year 2024 results: EPS: €0.14 (up from €0.069 in FY 2023). Revenue: €651.5m (up 44% from FY 2023). Net income: €21.3m (up 114% from FY 2023). Profit margin: 3.3% (up from 2.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth.
お知らせ • Apr 30Avax S.A. announces Annual dividend, payable on September 08, 2025Avax S.A. announced Annual dividend of EUR 0.0700 per share payable on September 08, 2025, ex-date on September 02, 2025 and record date on September 03, 2025.
お知らせ • Apr 28Avax S.A., Annual General Meeting, Jul 15, 2025Avax S.A., Annual General Meeting, Jul 15, 2025.
Valuation Update With 7 Day Price Move • Apr 22Investor sentiment deteriorates as stock falls 39%After last week's 39% share price decline to €1.46, the stock trades at a trailing P/E ratio of 11.3x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 127% over the past three years.
New Risk • Apr 14New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Share price has been highly volatile over the past 3 months (43% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (4.7% net profit margin).
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment improves as stock rises 40%After last week's 40% share price gain to €2.31, the stock trades at a trailing P/E ratio of 10.9x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 269% over the past three years.
Valuation Update With 7 Day Price Move • Feb 28Investor sentiment deteriorates as stock falls 33%After last week's 33% share price decline to €1.82, the stock trades at a trailing P/E ratio of 13.2x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 258% over the past three years.
Valuation Update With 7 Day Price Move • Jan 27Investor sentiment deteriorates as stock falls 37%After last week's 37% share price decline to €1.37, the stock trades at a trailing P/E ratio of 10.6x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 105% over the past three years.
Valuation Update With 7 Day Price Move • Jan 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €1.32, the stock trades at a trailing P/E ratio of 9.9x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 67% over the past three years.
Valuation Update With 7 Day Price Move • Dec 23Investor sentiment improves as stock rises 24%After last week's 24% share price gain to €1.40, the stock trades at a trailing P/E ratio of 8.7x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 21% over the past three years.
Reported Earnings • Oct 01First half 2024 earnings released: EPS: €0.13 (vs €0.023 in 1H 2023)First half 2024 results: EPS: €0.13 (up from €0.023 in 1H 2023). Revenue: €289.1m (up 50% from 1H 2023). Net income: €19.2m (up 483% from 1H 2023). Profit margin: 6.6% (up from 1.7% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
お知らせ • Sep 27Avax S.A. to Report First Half, 2024 Results on Sep 26, 2024Avax S.A. announced that they will report first half, 2024 results on Sep 26, 2024
Valuation Update With 7 Day Price Move • Aug 29Investor sentiment deteriorates as stock falls 41%After last week's 41% share price decline to €1.02, the stock trades at a trailing P/E ratio of 20.7x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 8.5% over the past three years.
Valuation Update With 7 Day Price Move • Aug 06Investor sentiment improves as stock rises 47%After last week's 47% share price gain to €1.55, the stock trades at a trailing P/E ratio of 18.2x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 107% over the past three years.
Upcoming Dividend • Jul 22Upcoming dividend of €0.03 per shareEligible shareholders must have bought the stock before 29 July 2024. Payment date: 02 August 2024. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.7%).
Valuation Update With 7 Day Price Move • Jun 05Investor sentiment improves as stock rises 50%After last week's 50% share price gain to €1.75, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 134% over the past three years.
Buy Or Sell Opportunity • May 24Now 51% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.5% to €1.21. The fair value is estimated to be €2.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.5% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 84% in 2 years. Earnings are forecast to grow by 308% in the next 2 years.
Valuation Update With 7 Day Price Move • May 20Investor sentiment deteriorates as stock falls 24%After last week's 24% share price decline to €1.40, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 72% over the past three years.
Reported Earnings • May 01Full year 2023 earnings releasedFull year 2023 results: Revenue: €453.5m (up 13% from FY 2022). Net income: €10.0m (down 10.0% from FY 2022). Profit margin: 2.2% (down from 2.8% in FY 2022).
お知らせ • Apr 28+ 1 more updateAvax S.A., Annual General Meeting, Jun 12, 2024Avax S.A., Annual General Meeting, Jun 12, 2024. Agenda: to consider distribution of a dividend for 2023.
New Risk • Apr 16New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (27% average weekly change). Minor Risks High level of debt (141% net debt to equity). Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Short dividend paying track record (1 year of continuous dividend payments). Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.8% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Mar 12Investor sentiment improves as stock rises 55%After last week's 55% share price gain to €1.94, the stock trades at a trailing P/E ratio of 6.6x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 284% over the past three years.
Valuation Update With 7 Day Price Move • Feb 16Investor sentiment improves as stock rises 69%After last week's 69% share price gain to €2.13, the stock trades at a trailing P/E ratio of 7.3x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 379% over the past three years.
New Risk • Jan 19New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (41% average weekly change). Minor Risks High level of debt (141% net debt to equity). Short dividend paying track record (1 year of continuous dividend payments). Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.8% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improves as stock rises 63%After last week's 63% share price gain to €1.68, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 311% over the past three years.
Valuation Update With 7 Day Price Move • Oct 30Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €1.04, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 10x in the Construction industry in Europe. Total returns to shareholders of 190% over the past three years.
Valuation Update With 7 Day Price Move • Oct 06Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €1.45, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 326% over the past three years.
Reported Earnings • Oct 01First half 2023 earnings releasedFirst half 2023 results: Revenue: €192.2m (down 1.1% from 1H 2022). Net income: €3.40m (up €25.0m from 1H 2022). Profit margin: 1.8% (up from net loss in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 54% per year, which means it is well ahead of earnings.
お知らせ • Aug 10Mytilineos S.A. (ATSE:MYTIL) agreed to acquire Volterra SA from Avax S.A. (ATSE:AVAX) for €24 million.Mytilineos S.A. (ATSE:MYTIL) agreed to acquire Volterra SA from Avax S.A. (ATSE:AVAX) for €24 million on August 9, 2023. On the date of the transfer, AVAX will receive the amount of €6 million as payment and further €7 million as advance payment against the additional price. The transaction is subject to all necessary approvals from the Hellenic Competition Commission and other authorities.
Valuation Update With 7 Day Price Move • Jun 16Investor sentiment improves as stock rises 56%After last week's 56% share price gain to €1.30, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 299% over the past three years.
Upcoming Dividend • Jun 12Upcoming dividend of €0.07 per share at 6.2% yieldEligible shareholders must have bought the stock before 19 June 2023. Payment date: 23 June 2023. Trailing yield: 6.2%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.7%).
お知らせ • Jun 01Avax S.A., Annual General Meeting, Jun 14, 2023Avax S.A., Annual General Meeting, Jun 14, 2023, at 13:00 E. Europe Standard Time. Location: AMAROUSIOU - CHALANDRIOU 16, 151 25 MAROUSI Marousi Greece
Reported Earnings • May 02Full year 2022 earnings released: EPS: €0.077 (vs €0.002 in FY 2021)Full year 2022 results: EPS: €0.077 (up from €0.002 in FY 2021). Revenue: €402.7m (down 32% from FY 2021). Net income: €11.1m (up €10.8m from FY 2021). Profit margin: 2.8% (up from 0.1% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 30% per year.
Reported Earnings • Dec 14Third quarter 2022 earnings releasedThird quarter 2022 results: EPS: €0.099. Revenue: €100.8m (down 49% from 3Q 2021). Net income: €14.3m (up €16.4m from 3Q 2021). Profit margin: 14% (up from net loss in 3Q 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 25Aktor Concessions SA completed the acquisition of 20.53% stake in Gefyra S.A. from Avax S.A. (ATSE:AVAX) for €16.6 million.Unknown buyers signed principle agreement to acquire 20.53% stake in Gefyra S.A. from Avax S.A. (ATSE:AVAX) on November 15, 2022. Such in principle agreement does not qualify as a definite agreement being subject to terms and conditions. Aktor Concessions SA completed the acquisition of 20.53% stake in Gefyra S.A. from Avax S.A. (ATSE:AVAX) for €16.6 million on November 23, 2022.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non Executive Director Theodora Monohartzi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 16Unknown buyers signed principle agreement to acquire 20.53% stake in Gefyra S.A. from Avax S.A. (ATSE:AVAX).Unknown buyers signed principle agreement to acquire 20.53% stake in Gefyra S.A. from Avax S.A. (ATSE:AVAX) on November 15, 2022. Such in principle agreement does not qualify as a definite agreement being subject to terms and conditions.
Reported Earnings • Sep 30First half 2022 earnings released: EPS: €0 (vs €0.037 in 1H 2021)First half 2022 results: EPS: €0. Revenue: €358.9m (up 11% from 1H 2021). Net income: €12.7m (up 137% from 1H 2021). Profit margin: 3.5% (up from 1.7% in 1H 2021). The increase in margin was driven by higher revenue.
お知らせ • Jun 01Avax S.A., Annual General Meeting, Jun 23, 2022Avax S.A., Annual General Meeting, Jun 23, 2022, at 13:00 E. Europe Standard Time. Location: AMAROUSSIOU CHALANDRIOU 16, 151 25 MAROUSSI Athens Greece
Reported Earnings • Apr 28Full year 2021 earnings released: EPS: €0.002 (vs €0.045 in FY 2020)Full year 2021 results: EPS: €0.002 (down from €0.045 in FY 2020). Revenue: €592.2m (up 2.7% from FY 2020). Net income: €341.0k (down 94% from FY 2020). Profit margin: 0.1% (down from 1.1% in FY 2020). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.
お知らせ • Apr 28Avax Commences Talks with Investors to Sell VolterraAvax S.A. (ATSE:AVAX) (the "Company") informed the investment public that the Company, aided by a financial advisor, commenced talks with interested investors for Volterra SA. For the time being, there is no agreement or conclusion of negotiations regarding the transfer or partial sale of Volterra.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non Executive Director Theodora Monohartzi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 03First half 2021 earnings released: EPS €0.037 (vs €0.082 in 1H 2020)The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: €324.3m (up 25% from 1H 2020). Net income: €5.35m (down 48% from 1H 2020). Profit margin: 1.7% (down from 4.0% in 1H 2020). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Sep 22Investor sentiment improved over the past weekAfter last week's 61% share price gain to €1.37, the stock trades at a trailing P/E ratio of 25.8x. Average trailing P/E is 31x in the Construction industry in Germany. Total returns to shareholders of 512% over the past three years.
Valuation Update With 7 Day Price Move • Sep 03Investor sentiment improved over the past weekAfter last week's 15% share price gain to €1.02, the stock trades at a trailing P/E ratio of 27.3x. Average trailing P/E is 31x in the Construction industry in Germany. Total returns to shareholders of 360% over the past three years.
Valuation Update With 7 Day Price Move • Aug 19Investor sentiment improved over the past weekAfter last week's 59% share price gain to €1.34, the stock trades at a trailing P/E ratio of 25.3x. Average trailing P/E is 15x in the Construction industry in Europe. Total returns to shareholders of 502% over the past three years.
Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improved over the past weekAfter last week's 61% share price gain to €1.34, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 15x in the Construction industry in Europe. Total returns to shareholders of 437% over the past three years.
Valuation Update With 7 Day Price Move • Jun 24Investor sentiment improved over the past weekAfter last week's 70% share price gain to €1.34, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 15x in the Construction industry in Europe. Total returns to shareholders of 344% over the past three years.
Reported Earnings • May 01Full year 2020 earnings releasedThe company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: €576.6m (flat on FY 2019). Net income: €6.08m (up €23.5m from FY 2019). Profit margin: 1.1% (up from net loss in FY 2019).
Is New 90 Day High Low • Jan 14New 90-day high: €0.81The company is up 110% from its price of €0.39 on 15 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 23% over the same period.
Is New 90 Day High Low • Dec 29New 90-day high: €0.76The company is up 131% from its price of €0.33 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 23% over the same period.
Is New 90 Day High Low • Dec 10New 90-day high: €0.75The company is up 159% from its price of €0.29 on 10 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 9.0% over the same period.
Is New 90 Day High Low • Nov 19New 90-day high: €0.68The company is up 133% from its price of €0.29 on 20 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 1.0% over the same period.
Is New 90 Day High Low • Oct 12New 90-day high: €0.63The company is up 110% from its price of €0.30 on 14 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 8.0% over the same period.
Reported Earnings • Oct 03First half earnings releasedOver the last 12 months the company has reported total losses of €16.2m, with losses narrowing by 5.1% from the prior year. Total revenue was €520.8m over the last 12 months, down 13% from the prior year.
Is New 90 Day High Low • Sep 19New 90-day high: €0.35The company is up 8.0% from its price of €0.33 on 19 June 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 10.0% over the same period.