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AVE

AVE ATSE:AVE Stock Report

Last Price

€0.39

Market Cap

€58.0m

7D

-4.6%

1Y

-17.0%

Updated

25 Jun, 2022

Data

Company Financials
AVE fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

AVE Stock Overview

AVE S.A. engages in the distribution of DVD and Blue-ray video films primarily in Greece and Cyprus.

AVE Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for AVE
Historical stock prices
Current Share Price€0.39
52 Week High€0.52
52 Week Low€0.37
Beta1.05
1 Month Change-6.02%
3 Month Change-19.92%
1 Year Change-17.02%
3 Year Change59.84%
5 Year Change420.00%
Change since IPO-83.75%

Recent News & Updates

May 04
Shareholders Will Be Pleased With The Quality of AVE's (ATH:AVE) Earnings

Shareholders Will Be Pleased With The Quality of AVE's (ATH:AVE) Earnings

AVE S.A. ( ATH:AVE ) recently posted some strong earnings, and the market responded positively. We did some digging and...

Apr 28
A Look At The Fair Value Of AVE S.A. (ATH:AVE)

A Look At The Fair Value Of AVE S.A. (ATH:AVE)

Today we will run through one way of estimating the intrinsic value of AVE S.A. ( ATH:AVE ) by estimating the company's...

Jan 07
Announcing: AVE (ATH:AVE) Stock Soared An Exciting 451% In The Last Five Years

Announcing: AVE (ATH:AVE) Stock Soared An Exciting 451% In The Last Five Years

For many, the main point of investing in the stock market is to achieve spectacular returns. And we've seen some truly...

Shareholder Returns

AVEGR EntertainmentGR Market
7D-4.6%3.6%1.2%
1Y-17.0%-24.9%-3.7%

Return vs Industry: AVE exceeded the Greek Entertainment industry which returned -24.9% over the past year.

Return vs Market: AVE underperformed the Greek Market which returned -3.7% over the past year.

Price Volatility

Is AVE's price volatile compared to industry and market?
AVE volatility
AVE Average Weekly Movement4.7%
Entertainment Industry Average Movement7.0%
Market Average Movement5.0%
10% most volatile stocks in GR Market6.3%
10% least volatile stocks in GR Market3.1%

Stable Share Price: AVE is not significantly more volatile than the rest of Greek stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: AVE's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1982151Apostolos Voulgarishttps://www.ave.gr

AVE S.A. engages in the distribution of DVD and Blue-ray video films primarily in Greece and Cyprus. The company also operates cinemas; and amusement parks, such as Allou Fun Park. The company was formerly known as Audio Visual Enterprises S.A. and changed its name to AVE S.A. in June 2020.

AVE Fundamentals Summary

How do AVE's earnings and revenue compare to its market cap?
AVE fundamental statistics
Market Cap€57.97m
Earnings (TTM)-€7.10m
Revenue (TTM)€142.88m

0.4x

P/S Ratio

-8.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AVE income statement (TTM)
Revenue€142.88m
Cost of Revenue€126.70m
Gross Profit€16.19m
Other Expenses€23.29m
Earnings-€7.10m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.048
Gross Margin11.33%
Net Profit Margin-4.97%
Debt/Equity Ratio941.1%

How did AVE perform over the long term?

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

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

AVE 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/Revenue0.8x
Enterprise Value/EBITDA-164.8x
PEG Ration/a

Price to Sales Ratio vs Peers

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

AVE PS Ratio vs Peers
The above table shows the PS ratio for AVE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.9x

Price-To-Sales vs Peers: AVE is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (0.9x).


Price to Earnings Ratio vs Industry

How does AVE's PE Ratio compare vs other companies in the Entertainment Industry?

Price-To-Sales vs Industry: AVE is good value based on its Price-To-Sales Ratio (0.4x) compared to the European Entertainment industry average (3.3x)


Price to Sales Ratio vs Fair Ratio

What is AVE'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.

AVE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: AVE (€0.39) is trading below our estimate of fair value (€1.26)

Significantly Below Fair Value: AVE is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AVE's PEG Ratio to determine if it is good value.


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Future Growth

How is AVE 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


41.5%

Forecasted Media 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 AVE 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.


Discover growth companies

  • Examine whether AVE is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • AVE competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has AVE performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


37.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AVE is currently unprofitable.

Growing Profit Margin: AVE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AVE is unprofitable, but has reduced losses over the past 5 years at a rate of 37.8% per year.

Accelerating Growth: Unable to compare AVE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AVE is unprofitable, making it difficult to compare its past year earnings growth to the Entertainment industry (11.1%).


Return on Equity

High ROE: AVE has a negative Return on Equity (-119.86%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is AVE's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: AVE's short term assets (€54.5M) exceed its short term liabilities (€50.5M).

Long Term Liabilities: AVE's short term assets (€54.5M) exceed its long term liabilities (€49.6M).


Debt to Equity History and Analysis

Debt Level: AVE's net debt to equity ratio (679.7%) is considered high.

Reducing Debt: AVE's debt to equity ratio has reduced from 1351.9% to 941.1% over the past 5 years.


Balance Sheet


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 AVE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: AVE is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 26.6% per year.


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Dividend

What is AVE 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

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate AVE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AVE'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 AVE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AVE's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

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


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Management

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


CEO

Apostolos Voulgaris

no data

Tenure

Mr. Apostolos Voulgaris serves as Executive Vice-President of the Board of Directors and Chief Executive Officer of AVE S.A. (formerly known as Audio Visual Enterprises S.A.). and served as its Deputy Chie...


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 been diluted in the past year, with total shares outstanding growing by 5.1%.


Top Shareholders

Company Information

AVE S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: AVE S.A.
  • Ticker: AVE
  • Exchange: ATSE
  • Founded: 1982
  • Industry: Movies and Entertainment
  • Sector: Media
  • Implied Market Cap: €57.974m
  • Shares outstanding: 148.65m
  • Website: https://www.ave.gr

Number of Employees


Location

  • AVE S.A.
  • 3 Parnonos 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 Analysis2022/06/25 00:00
End of Day Share Price2022/06/24 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.