New Risk • May 18
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.4% Last year net profit margin: 2.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (0.4% net profit margin). Reported Earnings • May 06
First quarter 2026 earnings released First quarter 2026 results: Revenue: S/386.7m (down 38% from 1Q 2025). Net loss: S/3.58m (loss narrowed 92% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Mar 02
Aenza S.A.A., Annual General Meeting, Mar 25, 2026 Aenza S.A.A., Annual General Meeting, Mar 25, 2026, at 15:00 SA Pacific Standard Time. Location: held remotely via microsoft teams, Peru New Risk • Feb 23
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change). Reported Earnings • Nov 01
Third quarter 2025 earnings released: S/0.04 loss per share (vs S/0.004 loss in 3Q 2024) Third quarter 2025 results: S/0.04 loss per share (further deteriorated from S/0.004 loss in 3Q 2024). Revenue: S/473.7m (down 57% from 3Q 2024). Net loss: S/73.1m (loss widened S/67.5m from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Board Change • Aug 12
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Santiago Hernando Perez was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 02
Second quarter 2025 earnings released: S/0.063 loss per share (vs S/0.037 loss in 2Q 2024) Second quarter 2025 results: S/0.063 loss per share (further deteriorated from S/0.037 loss in 2Q 2024). Revenue: S/459.8m (down 53% from 2Q 2024). Net loss: S/112.0m (loss widened 118% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Board Change • Jun 24
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Santiago Hernando Perez was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 03
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Santiago Hernando Perez was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 19
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Santiago Hernando Perez was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 31
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Santiago Hernando Perez was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Mar 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Peruvian stocks, typically moving 5.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (5.0% average weekly change). Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Board Change • Mar 12
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Santiago Hernando Perez was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 03
Aenza S.A.A., Annual General Meeting, Mar 27, 2025 Aenza S.A.A., Annual General Meeting, Mar 27, 2025, at 11:00 SA Pacific Standard Time. Location: held remotely, Peru Board Change • Feb 07
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Santiago Hernando Perez was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 01
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: S/1.09b (down 10% from 3Q 2023). Net loss: S/5.57m (down 110% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Announcement • Aug 21
Aenza S.A.A. Appoints Diego Peschiera Mifflin, Francisco Garcia Calderon Portugal and Francisco Sardon de Taboada as Members of the Board of Directors Aenza S.A.A. approved to appoints Diego Peschiera Mifflin, Francisco Garcia Calderon Portugal and Francisco Sardon de Taboada as Members of the Board of Directors of the Company for the August 2024 – March 2027. Board Change • Jul 30
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Santiago Hernando Perez was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • May 03
Aenza S.A.A. to Report Q1, 2024 Results on May 15, 2024 Aenza S.A.A. announced that they will report Q1, 2024 results on May 15, 2024 Announcement • May 01
Aenza S.A.A. announced delayed 20-F filing On 04/30/2024, Aenza S.A.A. announced that they will be unable to file their next 20-F by the deadline required by the SEC. Announcement • Mar 02
Aenza S.A.A., Annual General Meeting, Mar 27, 2024 Aenza S.A.A., Annual General Meeting, Mar 27, 2024, at 06:00 Coordinated Universal Time. Agenda: To consider and approve the Annual Report, the Annual Corporate Governance Report, the Sustainability Report, and the Audited Separate and Consolidated Financial Statements for Fiscal Year 2023; to consider application of Results for Fiscal Year 2023; to consider extension of the amount of the Corporate Bond up to USD420,000,000 or its equivalent in other currencies and delegation of powers; and to consider delegation of powers to execute resolutions. New Risk • Feb 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Peruvian stocks, typically moving 7.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.4% average weekly change). Minor Risks High level of debt (40% net debt to equity). Shareholders have been diluted in the past year (15% increase in shares outstanding). New Risk • Feb 16
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding). Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: S/0.076 (vs S/0.40 loss in FY 2022) Full year 2023 results: EPS: S/0.076 (up from S/0.40 loss in FY 2022). Revenue: S/4.30b (down 2.4% from FY 2022). Net income: S/91.5m (up S/542.7m from FY 2022). Profit margin: 2.1% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Announcement • Dec 27
Aenza S.A.A. announced that it has received $0.560211 million in funding Aenza S.A.A. announced a private placement of 4,356,835 common shares at a price of $0.128582 for gross proceeds of $560,212.80 on December 26, 2023. New Risk • Dec 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 14% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Shareholders have been diluted in the past year (14% increase in shares outstanding). New Risk • Nov 02
New major risk - Revenue and earnings growth Earnings have declined by 2.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 2.1% per year over the past 5 years. Announcement • Nov 02
Aenza S.A.A. to Report Q3, 2023 Results on Oct 31, 2023 Aenza S.A.A. announced that they will report Q3, 2023 results After-Market on Oct 31, 2023 Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: S/0.046 (vs S/0.26 loss in 3Q 2022) Third quarter 2023 results: EPS: S/0.046 (up from S/0.26 loss in 3Q 2022). Revenue: S/1.22b (up 12% from 3Q 2022). Net income: S/55.1m (up S/361.9m from 3Q 2022). Profit margin: 4.5% (up from net loss in 3Q 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Buying Opportunity • Oct 30
Now 21% undervalued Over the last 90 days, the stock is up 40%. The fair value is estimated to be S/0.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 41%. Buying Opportunity • Oct 11
Now 23% undervalued Over the last 90 days, the stock is up 25%. The fair value is estimated to be S/0.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 41%. Reported Earnings • Aug 02
Second quarter 2023 earnings released: S/0.004 loss per share (vs S/0.005 profit in 2Q 2022) Second quarter 2023 results: S/0.004 loss per share (down from S/0.005 profit in 2Q 2022). Revenue: S/1.04b (down 1.2% from 2Q 2022). Net loss: S/5.17m (down 195% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. New Risk • Jul 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Peruvian stocks, typically moving 6.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (6.1% average weekly change). Earnings have declined by 5.4% per year over the past 5 years. Reported Earnings • May 05
First quarter 2023 earnings released: S/0.015 loss per share (vs S/0.089 loss in 1Q 2022) First quarter 2023 results: S/0.015 loss per share (improved from S/0.089 loss in 1Q 2022). Revenue: S/850.1m (down 7.6% from 1Q 2022). Net loss: S/17.4m (loss narrowed 80% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 04
Full year 2022 earnings released: S/0.38 loss per share (vs S/0.14 loss in FY 2021) Full year 2022 results: S/0.38 loss per share (further deteriorated from S/0.14 loss in FY 2021). Revenue: S/4.39b (up 11% from FY 2021). Net loss: S/455.2m (loss widened 260% from FY 2021). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Price Target Changed • Nov 16
Price target decreased to S/1.50 Down from S/1.68, the current price target is an average from 2 analysts. New target price is 102% above last closing price of S/0.74. Stock is down 51% over the past year. The company posted a net loss per share of S/0.15 last year. Board Change • Nov 16
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 8 new directors. 1 experienced director. No highly experienced directors. 4 independent directors (5 non-independent directors). External Non-Independent Director Esteban Viton Ramirez is the most experienced director on the board, commencing their role in 2019. Independent Director Santiago Perez was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 05
Third quarter 2022 earnings released: S/0.26 loss per share (vs S/0.048 loss in 3Q 2021) Third quarter 2022 results: S/0.26 loss per share (further deteriorated from S/0.048 loss in 3Q 2021). Revenue: S/1.08b (up 10% from 3Q 2021). Net loss: S/306.8m (loss widened S/264.9m from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Price Target Changed • Oct 28
Price target decreased to S/1.50 Down from S/1.68, the current price target is an average from 2 analysts. New target price is 66% above last closing price of S/0.90. Stock is down 42% over the past year. The company posted a net loss per share of S/0.15 last year. Reported Earnings • Aug 02
Second quarter 2022 earnings released: EPS: S/0.005 (vs S/0.023 loss in 2Q 2021) Second quarter 2022 results: EPS: S/0.005 (up from S/0.023 loss in 2Q 2021). Revenue: S/1.05b (up 12% from 2Q 2021). Net income: S/5.42m (up S/25.3m from 2Q 2021). Profit margin: 0.5% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Board Change • Aug 02
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 8 new directors. 1 experienced director. No highly experienced directors. 4 independent directors (5 non-independent directors). External Non-Independent Director Esteban Viton Ramirez is the most experienced director on the board, commencing their role in 2019. Independent Director Santiago Perez was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Apr 27
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). External Non-Independent Director Esteban Viton Ramirez is the most experienced director on the board, commencing their role in 2019. Independent Director Santiago Perez was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Mar 09
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: S/0.14 loss per share (up from S/0.23 loss in FY 2020). Revenue: S/3.95b (up 25% from FY 2020). Net loss: S/126.4m (loss narrowed 37% from FY 2020). Revenue exceeded analyst estimates by 5.4%. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 04
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: S/0.12 loss per share (up from S/0.14 loss in FY 2020). Revenue: S/3.95b (up 19% from FY 2020). Net loss: S/105.1m (loss narrowed 16% from FY 2020). Revenue exceeded analyst estimates by 5.4%. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 04
Third quarter 2021 earnings released: S/0.048 loss per share (vs S/0.007 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: S/980.6m (up 14% from 3Q 2020). Net loss: S/41.9m (down S/47.6m from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 10% per year. Executive Departure • Oct 07
Chief Executive Officer Luis Francisco Diaz Olivero has left the company On the 30th of September, Luis Francisco Diaz Olivero's tenure as Chief Executive Officer of the company ended after 4.6 years in the role. We don't have any record of a personal shareholding under Luis Francisco's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 2.92 years. Under Luis Francisco's leadership, the company delivered a total shareholder return of -20%. Executive Departure • Aug 26
Independent Director Juan Antonio Ocampo has left the company On the 16th of August, Juan Antonio Ocampo's tenure as Independent Director ended. We don't have any record of a personal shareholding under Juan Antonio's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 2.75 years. Executive Departure • Aug 05
Chief Risk & Compliance Officer and Interim Corporate Audit Officer Fernando Dyer Estrella has left the company On the 31st of July, Fernando Dyer Estrella's tenure as Chief Risk & Compliance Officer and Interim Corporate Audit Officer ended after 4.2 years in the role. We don't have any record of a personal shareholding under Fernando's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.75 years. Executive Departure • Aug 05
Chief Risk & Compliance Officer and Interim Corporate Audit Officer Fernando Dyer Estrella has left the company On the 31st of July, Fernando Dyer Estrella's tenure as Chief Risk & Compliance Officer and Interim Corporate Audit Officer ended after 4.2 years in the role. We don't have any record of a personal shareholding under Fernando's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.75 years. Reported Earnings • Jul 31
Second quarter 2021 earnings released: S/0.031 loss per share (vs S/0.045 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: S/978.4m (up 88% from 2Q 2020). Net loss: S/26.9m (loss narrowed 32% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 17% per year. Price Target Changed • Jul 30
Price target decreased to S/2.05 Down from S/2.30, the current price target is provided by 1 analyst. New target price is 44% above last closing price of S/1.42. Stock is down 14% over the past year. Reported Earnings • Feb 04
Full year 2020 earnings released: S/0.14 loss per share (vs S/1.02 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: S/3.31b (down 19% from FY 2019). Net loss: S/119.6m (loss narrowed 86% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 27
New 90-day high: S/1.81 The company is up 39% from its price of S/1.30 on 29 October 2020. The Peruvian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 3.0% over the same period. Is New 90 Day High Low • Dec 11
New 90-day high: S/1.78 The company is up 6.0% from its price of S/1.68 on 11 September 2020. The Peruvian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 5.0% over the same period. Reported Earnings • Oct 31
Third quarter earnings released Over the last 12 months the company has reported total losses of S/930.8m, with losses widening by S/848.8m from the prior year. Total revenue was S/3.28b over the last 12 months, down 14% from the prior year. Is New 90 Day High Low • Oct 16
New 90-day low: S/1.50 The company is down 5.0% from its price of S/1.58 on 17 July 2020. The Peruvian market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 5.0% over the same period.