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Aveng Limited (AEG) Fair Value & Analysis

Industrials · ZA · Market cap 559M ZAC

AL Aveng Limited AEG · JSE
PriceR4.12
Fair ValueR13.44
Upside+226.2%
Quality95/100
Evidence: Medium Range R13.37 – R13.51

Fair value as of: Jun 26, 2026

From 10 valuation models · updated 4 days ago

Fair value updated Jun 26, 2026 — revised from R18.26 to R13.44 (−26.4%) since Jun 24, 2026. Share price −0.7% over the past month.

Price vs Fair Value (12 months)

R7.16 R3.94 Fair Value R13.44 Jun 2025 Jun 2026

12‑month range R3.94 – R7.16 · fair‑value band R13.37 – R13.51 · the R4.12 price screens below the R13.44 fair value. As of Jun 26, 2026.

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Analysis

Aveng Limited (AEG) currently trades at R4.12, while our model-based Fair Value estimate is R13.44 — implying the stock looks roughly 226.2% undervalued today. We read business quality at 95/100 (high quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium) — always confirm before acting.

Over the trailing twelve months, Aveng Limited generated revenue of 2.5B ZAR at a net margin of -2.5%. Revenue declined 10.8% year over year. It earns a return on equity of -27.0%. The balance sheet holds a net cash position of 1.7B ZAR. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 2.5B ZAC
Revenue growth (YoY) -10.8%
Net margin -2.5%
Return on equity -27.0%
Free cash flow 49.9M ZAC FY2025
Operating margin 0.8%
More key figures
EPS (TTM) R-5.40
EPS growth (YoY) -77.4%
Net cash 1.7B ZAC FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Aveng Limited, together with its subsidiaries, engages in construction, engineering, building, and contract mining activities in South Africa, Australia, New Zealand and Pacific Islands, Southeast Asia, and internationally. It operates through the Infrastructure, Building, and Mining segments. The company offers civil and structural, mechanical and electrical, marine, pipelines, rail, and tunneling and underground construction services to transport, water and wastewater, ports and coastal, energy, and resources markets. It also provides design consultation and management, construction, and fit out services to the sport, health and science, defense, education, residential, commercial, retail, industrial and infrastructure sectors. In addition, the company engages in contract mining operations that include open cut mining, shaft sinking and access development, and underground mining projects. Aveng Limited was founded in 1889 and is based in Boksburg, South Africa.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Aveng Limited reported revenue of R2.6B in FY2025 versus R24.7B in FY2021, a compound −42.9%/yr. Reported net income was −R92.5M in FY2025.

Revenue −42.9%/yr
FY21 R24.7B
FY22 R22.5B
FY23 R28.9B
FY24 R37.5B
FY25 R2.6B
Net income
FY21 R990M
FY22 R130M
FY23 −R1.3B
FY24 R311M
FY25 −R92.5M

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Frequently asked questions

Is Aveng Limited (AEG) undervalued?
As of Jun 26, 2026, our model estimates a fair value of R13.44 versus a price of R4.12 — about +226% (undervalued). Model-based estimate, not financial advice.
What is the fair value of AEG?
Our 21-model fair value for Aveng Limited is R13.44 (as of Jun 26, 2026), built from audited fundamentals. The current price is R4.12.
What is the quality score of AEG?
Aveng Limited has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Aveng Limited (AEG)?
Aveng Limited reported trailing-twelve-month revenue of about 2.5B ZAR (latest available figure, as of Jun 26, 2026).
What is the net profit margin of AEG?
The net profit margin of Aveng Limited is about -2.5%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.