Avax S.A., together with its subsidiaries, operates as a construction company in Greece and internationally.
Adequate balance sheet and slightly overvalued.
Share Price & News
How has Avax's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AVAX's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: AVAX underperformed the Greek Construction industry which returned -18.7% over the past year.
Return vs Market: AVAX underperformed the Greek Market which returned -16.2% over the past year.
Price Volatility Vs. Market
How volatile is Avax's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 months ago | Simply Wall StIs Avax (ATH:AVAX) Weighed On By Its Debt Load?
6 months ago | Simply Wall StAvax (ATH:AVAX) Shareholders Have Enjoyed A 80% Share Price Gain
7 months ago | Simply Wall StDo Institutions Own Avax S.A. (ATH:AVAX) Shares?
Is Avax undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AVAX (€0.38) is trading below our estimate of fair value (€4.57)
Significantly Below Fair Value: AVAX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AVAX is unprofitable, so we can't compare its PE Ratio to the XE Construction industry average.
PE vs Market: AVAX is unprofitable, so we can't compare its PE Ratio to the Greek market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AVAX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AVAX's PB Ratio (0.5x) is in line with the GR Construction industry average.
How is Avax forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Capital Goods industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Avax has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine Avax's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Avax competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
How has Avax performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AVAX is currently unprofitable.
Growing Profit Margin: AVAX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: AVAX is unprofitable, and losses have increased over the past 5 years at a rate of 0.4% per year.
Accelerating Growth: Unable to compare AVAX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: AVAX is unprofitable, making it difficult to compare its past year earnings growth to the Construction industry (11.3%).
Return on Equity
High ROE: AVAX has a negative Return on Equity (-22.52%), as it is currently unprofitable.
How is Avax's financial position?
Financial Position Analysis
Short Term Liabilities: AVAX's short term assets (€948.4M) exceed its short term liabilities (€883.7M).
Long Term Liabilities: AVAX's short term assets (€948.4M) exceed its long term liabilities (€572.7M).
Debt to Equity History and Analysis
Debt Level: AVAX's debt to equity ratio (695.7%) is considered high.
Reducing Debt: AVAX's debt to equity ratio has increased from 279.2% to 695.7% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable AVAX has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: AVAX is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 4.1% per year.
What is Avax current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AVAX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate AVAX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if AVAX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AVAX's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: AVAX is not paying a notable dividend for the Greek market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AVAX's dividend in 3 years as they are not forecast to pay a notable one for the Greek market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Konstantine Mitzalis serves as Managing Director of J&P-Avax S.A. Previously he was its Vice Chairman of J&P-Avax S.A. till March 2019.
|Executive Chairman||5.17yrs||no data||no data|
|MD & Director||no data||no data||7.5% |
|Deputy Chairman||no data||no data||3.21% |
|Vice Chairman||1.42yrs||no data||no data|
|Independent Non Executive Director||no data||no data||no data|
|Independent Non-Executive Director||no data||no data||no data|
|Non-Executive Director||no data||no data||no data|
|Independent Non Executive Director||1.58yrs||no data||no data|
Experienced Board: AVAX's board of directors are not considered experienced ( 1.6 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 substantially diluted in the past year, with total shares outstanding growing by 85.9%.
Avax S.A.'s company bio, employee growth, exchange listings and data sources
- Name: Avax S.A.
- Ticker: AVAX
- Exchange: ATSE
- Founded: 1986
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: €55.419m
- Shares outstanding: 144.32m
- Website: https://www.avax.gr
Number of Employees
- Avax S.A.
- 16 Amarousiou-Halandriou Street
- 151 25
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|IJ6||BST (Boerse-Stuttgart)||Yes||Common Registered Shares||DE||EUR||Sep 1994|
|AVAX||ATSE (The Athens Stock Exchange)||Yes||Common Registered Shares||GR||EUR||Sep 1994|
|0DO2||LSE (London Stock Exchange)||Yes||Common Registered Shares||GB||EUR||Sep 1994|
Avax S.A., together with its subsidiaries, operates as a construction company in Greece and internationally. It operates through four segments: Construction, Concessions, Energy, and Other Activities. The ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/14 10:22|
|End of Day Share Price||2020/08/13 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.