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AVAX

Avax ATSE:AVAX Stock Report

Last Price

€0.81

Market Cap

€117.5m

7D

-3.0%

1Y

-28.6%

Updated

18 Aug, 2022

Data

Company Financials
AVAX fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health3/6
Dividends0/6

AVAX Stock Overview

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

Avax Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Avax
Historical stock prices
Current Share Price€0.81
52 Week High€1.30
52 Week Low€0.67
Beta1.35
1 Month Change11.51%
3 Month Change5.03%
1 Year Change-28.60%
3 Year Change4.63%
5 Year Change16.12%
Change since IPO-77.75%

Recent News & Updates

Shareholder Returns

AVAXGR ConstructionGR Market
7D-3.0%-0.5%1.8%
1Y-28.6%5.9%2.4%

Return vs Industry: AVAX underperformed the Greek Construction industry which returned 5.9% over the past year.

Return vs Market: AVAX underperformed the Greek Market which returned 2.4% over the past year.

Price Volatility

Is AVAX's price volatile compared to industry and market?
AVAX volatility
AVAX Average Weekly Movement5.7%
Construction Industry Average Movement5.7%
Market Average Movement4.8%
10% most volatile stocks in GR Market7.1%
10% least volatile stocks in GR Market2.8%

Stable Share Price: AVAX is not significantly more volatile than the rest of Greek stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: AVAX's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19862,441Konstantinos Mitzalishttps://www.avax.gr

Avax S.A., together with its subsidiaries, operates as a construction company in Greece and internationally. It operates through Construction, Concessions, and Other Activities segments. The company constructs civil engineering projects, including airports, banks, buildings, education facilities, garages, hospitals, hotels, Olympic sports facilities, special projects, sports facilities, and other civil engineering projects.

Avax Fundamentals Summary

How do Avax's earnings and revenue compare to its market cap?
AVAX fundamental statistics
Market Cap€117.48m
Earnings (TTM)€341.04k
Revenue (TTM)€592.21m

344.9x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AVAX income statement (TTM)
Revenue€592.21m
Cost of Revenue€560.58m
Gross Profit€31.63m
Other Expenses€31.29m
Earnings€341.04k

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.0024
Gross Margin5.34%
Net Profit Margin0.057%
Debt/Equity Ratio400.6%

How did AVAX perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is AVAX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AVAX?

Other financial metrics that can be useful for relative valuation.

AVAX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA-131.6x
PEG Ration/a

Price to Sales Ratio vs Peers

How does AVAX's PS Ratio compare to its peers?

AVAX PS Ratio vs Peers
The above table shows the PS ratio for AVAX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.7x
INKAT Intracom Constructions Societe Anonyme Technical and Steel Constructions
0.8xn/a€166.2m
ELLAKTOR Ellaktor
0.7xn/a€630.2m
GEKTERNA GEK TERNA Holdings Real Estate Construction
0.8x14.6%€936.7m
EKTER Ekter
0.7xn/a€13.9m
AVAX Avax
0.2xn/a€117.5m

Price-To-Sales vs Peers: AVAX is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.7x).


Price to Earnings Ratio vs Industry

How does AVAX's PE Ratio compare vs other companies in the European Construction Industry?

Price-To-Sales vs Industry: AVAX is good value based on its Price-To-Sales Ratio (0.2x) compared to the Greek Construction industry average (0.7x)


Price to Sales Ratio vs Fair Ratio

What is AVAX's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AVAX PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate AVAX's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of AVAX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AVAX (€0.81) is trading above our estimate of fair value (€0.4)

Significantly Below Fair Value: AVAX is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.8%

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.


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  • Take a look at our analysis of AVAX’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Avax competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Avax performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


50.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AVAX has a large one-off gain of €517.0K impacting its December 31 2021 financial results.

Growing Profit Margin: AVAX's current net profit margins (0.06%) are lower than last year (2.2%).


Past Earnings Growth Analysis

Earnings Trend: AVAX has become profitable over the past 5 years, growing earnings by 50.3% per year.

Accelerating Growth: AVAX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AVAX had negative earnings growth (-96.6%) over the past year, making it difficult to compare to the Construction industry average (34.1%).


Return on Equity

High ROE: AVAX's Return on Equity (1.8%) is considered low.


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Financial Health

How is Avax's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: AVAX's short term assets (€709.3M) exceed its short term liabilities (€647.2M).

Long Term Liabilities: AVAX's short term assets (€709.3M) exceed its long term liabilities (€438.9M).


Debt to Equity History and Analysis

Debt Level: AVAX's net debt to equity ratio (309.9%) is considered high.

Reducing Debt: AVAX's debt to equity ratio has reduced from 484.9% to 400.6% over the past 5 years.

Debt Coverage: AVAX's debt is not well covered by operating cash flow (11.3%).

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


Balance Sheet


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Dividend

What is Avax current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

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.


Earnings Payout to Shareholders

Earnings Coverage: AVAX is not paying a notable dividend for the Greek market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as AVAX has not reported any payouts.


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Management

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

2.6yrs

Average board tenure


CEO

Konstantinos Mitzalis

no data

Tenure

Mr. Konstantinos Mitzalis serves as Managing Director of Avax S.A. and also serves as its Director and served as its Vice Chairman of until March 2019.


Board Members

Experienced Board: AVAX's board of directors are not considered experienced ( 2.6 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 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
  • Implied Market Cap: €117.478m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/18 00:00
End of Day Share Price2022/08/18 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.