aventron AG produces electricity from renewable sources in Switzerland, France, Germany, Italy, Norway, and Spain.
Limited growth with questionable track record.
Share Price & News
How has aventron's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AVEN has not had significant price volatility in the past 3 months.
7 Day Return
CH Renewable Energy
1 Year Return
CH Renewable Energy
Return vs Industry: AVEN underperformed the Swiss Renewable Energy industry which returned 29.2% over the past year.
Information is not available.
Price Volatility Vs. Market
How volatile is aventron's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall StIs aventron (BRN:AVEN) A Risky Investment?
2 weeks ago | Simply Wall StAre aventron AG’s (BRN:AVEN) Returns Worth Your While?
4 weeks ago | Simply Wall StIs aventron AG's (BRN:AVEN) High P/E Ratio A Problem For Investors?
Is aventron undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AVEN (CHF9.85) is trading above our estimate of fair value (CHF5.31)
Significantly Below Fair Value: AVEN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AVEN is poor value based on its PE Ratio (34.5x) compared to the Renewable Energy industry average (27.5x).
PE vs Market: AVEN is poor value based on its PE Ratio (34.5x) compared to the Swiss market (20.4x).
Price to Earnings Growth Ratio
PEG Ratio: AVEN is poor value based on its PEG Ratio (19x)
Price to Book Ratio
PB vs Industry: AVEN is overvalued based on its PB Ratio (2x) compared to the XE Renewable Energy industry average (1.7x).
How is aventron forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AVEN's forecast earnings growth (1.8% per year) is above the savings rate (-0.6%).
Earnings vs Market: AVEN's earnings (1.8% per year) are forecast to grow slower than the Swiss market (10.4% per year).
High Growth Earnings: AVEN's earnings are forecast to grow, but not significantly.
Revenue vs Market: AVEN's revenue (4.5% per year) is forecast to grow faster than the Swiss market (2.8% per year).
High Growth Revenue: AVEN's revenue (4.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AVEN's Return on Equity is forecast to be low in 3 years time (4.8%).
How has aventron performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AVEN has high quality earnings.
Growing Profit Margin: AVEN's current net profit margins (12.4%) are lower than last year (13.3%).
Past Earnings Growth Analysis
Earnings Trend: AVEN's earnings have grown significantly by 50.8% per year over the past 5 years.
Accelerating Growth: AVEN's earnings growth over the past year (7.4%) is below its 5-year average (50.8% per year).
Earnings vs Industry: AVEN earnings growth over the past year (7.4%) underperformed the Renewable Energy industry 24.4%.
Return on Equity
High ROE: AVEN's Return on Equity (5.7%) is considered low.
Return on Assets
Return on Capital Employed
How is aventron's financial position?
Financial Position Analysis
Short Term Liabilities: AVEN's short term assets (CHF93.2M) exceed its short term liabilities (CHF56.7M).
Long Term Liabilities: AVEN's short term assets (CHF93.2M) do not cover its long term liabilities (CHF448.2M).
Debt to Equity History and Analysis
Debt Level: AVEN's debt to equity ratio (195.9%) is considered high.
Reducing Debt: AVEN's debt to equity ratio has increased from 178% to 195.9% over the past 5 years.
Debt Coverage: AVEN's debt is not well covered by operating cash flow (16.2%).
Interest Coverage: AVEN's interest payments on its debt are not well covered by EBIT (1.9x coverage).
Inventory Level: AVEN has a high level of physical assets or inventory.
Debt Coverage by Assets: AVEN's debt is not covered by short term assets (assets are 0.2x debt).
What is aventron's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: AVEN's dividend (2.54%) is higher than the bottom 25% of dividend payers in the Swiss market (1.85%).
High Dividend: AVEN's dividend (2.54%) is low compared to the top 25% of dividend payers in the Swiss market (3.51%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, AVEN has been paying a dividend for less than 10 years.
Growing Dividend: AVEN's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (87.5%), AVEN's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Antoine Millioud (50yo)
Mr. Antonie Millioud has been the Chief Executive Officer of Aventron AG since 2013. Mr. Millioud serves as the Chief Financial Officer of NEP Solar Pty Ltd. He served as Manager project development of Tra ...
CEO Compensation Analysis
Compensation vs Market: Antoine's total compensation ($USD367.61K) is below average for companies of similar size in the Swiss market ($USD1.00M).
Compensation vs Earnings: Antoine's compensation has been consistent with company performance over the past year.
|CEO & Member of Executive Board||7.1yrs||CHF359.00k||0.00080% CHF3.4k|
|CFO & Member of Executive Board||4.1yrs||no data||0.0045% CHF19.4k|
|Chief Investment Officer & Member of Executive Board||0yrs||no data||0.016% CHF68.9k|
|COO & Member of Executive Board||0.3yrs||no data||no data|
Experienced Management: AVEN's management team is seasoned and experienced (5.6 years average tenure).
|Chairman||0.8yrs||no data||no data|
|Vice Chairman of the Board of Directors||2.8yrs||CHF13.95k||no data|
|Director||0.8yrs||no data||no data|
|Director||0.8yrs||no data||no data|
Experienced Board: AVEN's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 27.5%.
aventron AG's company bio, employee growth, exchange listings and data sources
- Name: aventron AG
- Ticker: AVEN
- Exchange: BRSE
- Founded: 2005
- Industry: Renewable Electricity
- Sector: Utilities
- Market Cap: CHF428.512m
- Shares outstanding: 43.50m
- Website: https://aventron.com
Number of Employees
- aventron AG
- Weidenstrasse 27
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AVEN||BRSE (Berne Stock Exchange)||Yes||Registered Shares||CH||CHF||Nov 2010|
aventron AG produces electricity from renewable sources in Switzerland, France, Germany, Italy, Norway, and Spain. The company owns and operates hydropower, wind, and solar power plants. As of March 21, 2019, it had installed capacity of 476 megawatts. The company was formerly known as Kleinkraftwerk Birseck AG and changed its name to aventron AG in May 2016. The company was founded in 2005 and is headquartered in Münchenstein, Switzerland. aventron AG is a subsidiary of aventron Holding AG.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/27 22:13|
|End of Day Share Price||2020/02/14 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.