Avax (AVAX) Stock Overview

Operates as a construction company in Greece and internationally. More details

AVAX fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	4/6
Financial Health	4/6
Dividends	3/6

Rewards

Trading at 19.4% below our estimate of its fair value

Earnings have grown 44% per year over the past 5 years

Trading at good value compared to peers and industry

Risk Analysis

Debt is not well covered by operating cash flow

Volatile share price over the past 3 months compared to the Greek market

Unstable dividend track record

AVAX Community Fair Values

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Avax S.A. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Avax
Historical stock prices
Current Share Price	€3.48
52 Week High	€3.74
52 Week Low	€1.91
Beta	1.15
1 Month Change	-0.43%
3 Month Change	17.17%
1 Year Change	68.52%
3 Year Change	205.80%
5 Year Change	221.03%
Change since IPO	-4.86%

Recent updates

Analysis Article • Mar 31

Should You Think About Buying Avax S.A. (ATH:AVAX) Now?

Avax S.A. ( ATH:AVAX ), might not be a large cap stock, but it saw significant share price movement during recent...

Analysis Article • Jun 30

Fewer Investors Than Expected Jumping On Avax S.A. (ATH:AVAX)

With a median price-to-earnings (or "P/E") ratio of close to 14x in Greece, you could be forgiven for feeling...

Analysis Article • May 15

Avax's (ATH:AVAX) Earnings May Just Be The Starting Point

Even though Avax S.A.'s ( ATH:AVAX ) recent earnings release was robust, the market didn't seem to notice. We think...

Analysis Article • Feb 13

Is It Time To Consider Buying Avax S.A. (ATH:AVAX)?

Avax S.A. ( ATH:AVAX ), is not the largest company out there, but it saw a significant share price rise of 53% in the...

Analysis Article • Jan 22

A Piece Of The Puzzle Missing From Avax S.A.'s (ATH:AVAX) 26% Share Price Climb

Avax S.A. ( ATH:AVAX ) shareholders have had their patience rewarded with a 26% share price jump in the last month...

Analysis Article • Nov 27

These 4 Measures Indicate That Avax (ATH:AVAX) Is Using Debt Extensively

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Analysis Article • May 08

We Think You Can Look Beyond Avax's (ATH:AVAX) Lackluster Earnings

Shareholders appeared unconcerned with Avax S.A.'s ( ATH:AVAX ) lackluster earnings report last week. We did some...

Analysis Article • Dec 18

There's Reason For Concern Over Avax S.A.'s (ATH:AVAX) Massive 25% Price Jump

The Avax S.A. ( ATH:AVAX ) share price has done very well over the last month, posting an excellent gain of 25%. The...

Analysis Article • Sep 08

We Ran A Stock Scan For Earnings Growth And Avax (ATH:AVAX) Passed With Ease

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Analysis Article • May 03

There Are Some Holes In Avax's (ATH:AVAX) Solid Earnings Release

Following the release of a positive earnings report recently, Avax S.A.'s ( ATH:AVAX ) stock performed well. Despite...

Analysis Article • Feb 04

What Type Of Shareholders Own The Most Number of Avax S.A. (ATH:AVAX) Shares?

Every investor in Avax S.A. ( ATH:AVAX ) should be aware of the most powerful shareholder groups. Large companies...

Analysis Article • Dec 06

Avax (ATH:AVAX) Has Gifted Shareholders With A Fantastic 180% Total Return On Their Investment

The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...

Shareholder Returns

	AVAX	GR Construction	GR Market
7D	-5.6%	0.8%	-0.5%
1Y	68.5%	93.6%	30.7%

Return vs Industry: AVAX underperformed the Greek Construction industry which returned 93.6% over the past year.

Return vs Market: AVAX exceeded the Greek Market which returned 30.7% over the past year.

Price Volatility

Is AVAX's price volatile compared to industry and market?
AVAX volatility
AVAX Average Weekly Movement	5.8%
Construction Industry Average Movement	5.2%
Market Average Movement	4.4%
10% most volatile stocks in GR Market	7.1%
10% least volatile stocks in GR Market	2.9%

Stable Share Price: AVAX's share price has been volatile over the past 3 months compared to the Greek market.

Volatility Over Time: AVAX's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of Greek stocks.

About the Company

Founded	Employees	CEO	Website
1986	3,162	Konstantine Mitzalis	www.avax.gr

Avax S.A. operates as a construction company in Greece and internationally. It operates through Construction, Concessions, Real Estate, Energy, and Other Activities segments. The company engages in design and construction of new power plants, LNG terminals, and storage facilities, as well as natural gas pipelines.

Avax S.A. Fundamentals Summary

How do Avax's earnings and revenue compare to its market cap?
AVAX fundamental statistics
Market cap	€523.65m
Earnings (TTM)	€47.45m
Revenue (TTM)	€958.20m

10.8x

P/E Ratio

0.5x

P/S Ratio

Is AVAX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AVAX income statement (TTM)
Revenue	€958.20m
Cost of Revenue	€845.13m
Gross Profit	€113.07m
Other Expenses	€65.61m
Earnings	€47.45m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

Sep 30, 2026

Earnings per share (EPS)	0.32
Gross Margin	11.80%
Net Profit Margin	4.95%
Debt/Equity Ratio	149.7%

How did AVAX perform over the long term?

See historical performance and comparison

Dividends

2.9%

Current Dividend Yield

31%

Payout Ratio

Does AVAX pay a reliable dividends?

See AVAX dividend history and benchmarks

When do you need to buy AVAX by to receive an upcoming dividend?
Avax dividend dates
Ex Dividend Date	Jul 21 2026
Dividend Pay Date	Jul 27 2026
Days until Ex dividend	45 days
Days until Dividend pay date	51 days

Does AVAX pay a reliable dividends?

See AVAX dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/06/05 17:07
End of Day Share Price	2026/06/05 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Avax S.A. is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Andrew Murphy	Edison Investment Research
Natalya Davies	Edison Investment Research
Christiana Armpounioti	Eurobank Equities Investment Firm S.A.

Avax (AVAX) Stock Overview

Rewards

Risk Analysis

Avax S.A. Competitors

Ekter

Aktor Societe Anonyme Holding Company Technical and Energy Projects

Gek Terna

Domiki Kritis

Price History & Performance

Recent News & Updates

Now 21% undervalued

Price target increased by 41% to €4.50

Investor sentiment improves as stock rises 17%

Full year 2025 earnings released: EPS: €0.32 (vs €0.14 in FY 2024)

Avax S.A. announces Annual dividend, payable on July 27, 2026

Avax S.A. to Report First Half, 2026 Results on Sep 30, 2026

Recent updates

Now 21% undervalued

Price target increased by 41% to €4.50

Investor sentiment improves as stock rises 17%

Full year 2025 earnings released: EPS: €0.32 (vs €0.14 in FY 2024)

Avax S.A. announces Annual dividend, payable on July 27, 2026

Avax S.A. to Report First Half, 2026 Results on Sep 30, 2026

Avax S.A., Annual General Meeting, Jul 02, 2026

Should You Think About Buying Avax S.A. (ATH:AVAX) Now?

New major risk - Share price stability

Now 20% undervalued

New minor risk - Share price stability

Third quarter 2025 earnings released

First half 2025 earnings released: EPS: €0.19 (vs €0.13 in 1H 2024)

Upcoming dividend of €0.07 per share

Fewer Investors Than Expected Jumping On Avax S.A. (ATH:AVAX)

Avax's (ATH:AVAX) Earnings May Just Be The Starting Point

Full year 2024 earnings released: EPS: €0.14 (vs €0.069 in FY 2023)

New minor risk - Dividend sustainability

Avax S.A. announces Annual dividend, payable on September 08, 2025

Avax S.A., Annual General Meeting, Jul 15, 2025

New minor risk - Financial data availability

Investor sentiment deteriorates as stock falls 16%

New major risk - Share price stability

Is It Time To Consider Buying Avax S.A. (ATH:AVAX)?

A Piece Of The Puzzle Missing From Avax S.A.'s (ATH:AVAX) 26% Share Price Climb

Investor sentiment improves as stock rises 16%

These 4 Measures Indicate That Avax (ATH:AVAX) Is Using Debt Extensively

First half 2024 earnings released: EPS: €0.13 (vs €0.023 in 1H 2023)

New major risk - Financial position

Avax S.A. to Report First Half, 2024 Results on Sep 26, 2024

Upcoming dividend of €0.03 per share

We Think You Can Look Beyond Avax's (ATH:AVAX) Lackluster Earnings

New major risk - Financial position

Avax S.A., Annual General Meeting, Jun 12, 2024

New minor risk - Financial data availability

New minor risk - Shareholder dilution

There's Reason For Concern Over Avax S.A.'s (ATH:AVAX) Massive 25% Price Jump

Investor sentiment improves as stock rises 17%

First half 2023 earnings released

We Ran A Stock Scan For Earnings Growth And Avax (ATH:AVAX) Passed With Ease

Mytilineos S.A. (ATSE:MYTIL) agreed to acquire Volterra SA from Avax S.A. (ATSE:AVAX) for €24 million.

Investor sentiment improves as stock rises 17%

New major risk - Share price stability

Upcoming dividend of €0.07 per share at 6.2% yield

Avax S.A., Annual General Meeting, Jun 14, 2023

Investor sentiment improves as stock rises 20%

Full year 2022 earnings released: EPS: €0.077 (vs €0.002 in FY 2021)

Third quarter 2022 earnings released

Less than half of directors are independent

First half 2022 earnings released: EPS: €0 (vs €0.037 in 1H 2021)

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Less than half of directors are independent

First half 2021 earnings released: EPS €0.037 (vs €0.082 in 1H 2020)

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

There Are Some Holes In Avax's (ATH:AVAX) Solid Earnings Release

Full year 2020 earnings released

New 90-day high: €0.70

What Type Of Shareholders Own The Most Number of Avax S.A. (ATH:AVAX) Shares?

New 90-day high: €0.63

New 90-day high: €0.61

Avax (ATH:AVAX) Has Gifted Shareholders With A Fantastic 180% Total Return On Their Investment

New 90-day high: €0.48