ATSE:AVAX

Stock Analysis Report

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Market Cap

€155.6m

Last Updated

2021/06/24 06:09 UTC

Data Sources

Company Financials

Executive Summary

Avax S.A., together with its subsidiaries, operates as a construction company in Greece and internationally. More Details


Snowflake Analysis

Questionable track record with imperfect balance sheet.

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 is more volatile than 75% of Greek stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: AVAX's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of Greek stocks.


Market Performance


7 Day Return

1.7%

AVAX

-0.5%

GR Construction

-0.5%

GR Market


1 Year Return

154.5%

AVAX

61.4%

GR Construction

-26.7%

GR Market

Return vs Industry: AVAX exceeded the Greek Construction industry which returned 61.4% over the past year.

Return vs Market: AVAX exceeded the Greek Market which returned -26.7% over the past year.


Shareholder returns

AVAXIndustryMarket
7 Day1.7%-0.5%-0.5%
30 Day-11.2%2.0%4.4%
90 Day25.5%1.0%-5.0%
1 Year154.5%154.5%61.4%61.4%-25.6%-26.7%
3 Year168.8%94.9%45.9%42.8%-47.2%-48.9%
5 Year337.1%217.1%188.1%150.5%-46.3%-48.5%

Long-Term 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

Valuation

Is Avax undervalued compared to its fair value and its price relative to the market?

23.93x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate AVAX's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate AVAX's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: AVAX is poor value based on its PE Ratio (23.9x) compared to the European Construction industry average (15.1x).

PE vs Market: AVAX is poor value based on its PE Ratio (23.9x) compared to the Greek market (19.3x).


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 is overvalued based on its PB Ratio (2x) compared to the GR Construction industry average (1.3x).


Future Growth

How is Avax forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

25.4%

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.


Past Performance

How has Avax performed over the past 5 years?

12.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AVAX has a high level of non-cash earnings.

Growing Profit Margin: AVAX became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: AVAX has become profitable over the past 5 years, growing earnings by 12.1% per year.

Accelerating Growth: AVAX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: AVAX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Construction industry (0.7%).


Return on Equity

High ROE: AVAX's Return on Equity (7.2%) is considered low.


Financial Health

How is Avax's financial position?


Financial Position Analysis

Short Term Liabilities: AVAX's short term assets (€612.5M) exceed its short term liabilities (€544.6M).

Long Term Liabilities: AVAX's short term assets (€612.5M) exceed its long term liabilities (€576.2M).


Debt to Equity History and Analysis

Debt Level: AVAX's debt to equity ratio (615.4%) is considered high.

Reducing Debt: AVAX's debt to equity ratio has increased from 332.3% to 615.4% over the past 5 years.

Debt Coverage: AVAX's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if AVAX's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.4yrs

Average board tenure


CEO

Constantine Mitzalis

no data

Tenure

Mr. Constantine 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.


Board Members

Experienced Board: AVAX's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Avax S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Avax S.A.
  • Ticker: AVAX
  • Exchange: ATSE
  • Founded: 1986
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: €155.579m
  • Shares outstanding: 144.32m
  • Website: https://www.avax.gr

Number of Employees


Location

  • Avax S.A.
  • 16 Amarousiou-Halandriou Street
  • Marousi
  • 151 25
  • Greece

Listings


Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/24 06:09
End of Day Share Price2021/06/23 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.