View ValuationAvax 향후 성장Future 기준 점검 1/6Avax (는) 각각 연간 2.9% 및 0.3% 수익과 수익이 증가할 것으로 예상됩니다.핵심 정보2.9%이익 성장률n/aEPS 성장률Construction 이익 성장11.0%매출 성장률0.3%향후 자기자본이익률16.40%애널리스트 커버리지Low마지막 업데이트06 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent 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.공시 • 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.공시 • 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, 2026공시 • 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.공시 • 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.공시 • 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.공시 • 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).공시 • 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.공시 • 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%).공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.이익 및 매출 성장 예측BST:IJ6 - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20281,013527981212/31/20271,018488281212/31/20261,012526047212/31/2025958473748N/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/A더 보기애널리스트 향후 성장 전망수입 대 저축률: IJ6 의 연간 예상 수익 증가율(2.9%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: IJ6 의 연간 수익(2.9%)이 German 시장(17.2%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: IJ6 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: IJ6 의 수익(연간 0.3%)이 German 시장(연간 6.7%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: IJ6 의 수익(연간 0.3%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: IJ6의 자본 수익률은 3년 후 16.4%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YCapital-goods 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/05 17:02종가2026/06/05 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Avax S.A.는 5명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Andrew MurphyEdison Investment ResearchNatalya DaviesEdison Investment ResearchChristiana ArmpouniotiEurobank Equities Investment Firm S.A.2명의 분석가 더 보기
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.
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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).
공시 • 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.
공시 • 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%).
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.