Avax S.A (AVAX) Fair Value & Analysis
Industrials · GR · Market cap €501M
Fair value as of: Jul 24, 2026
From 24 valuation models · updated 17 days ago
Share price −6.0% over the past month.
A solid business, screening 88% undervalued on our models.
What matters now
- Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (€3.39 to €8.40) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.
How to read this chart
60‑month range €0.6040 – €3.89 · fair‑value band €3.39 – €8.40 · the €3.51 price screens below the €6.60 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.
Analysis
Avax S.A (AVAX) currently trades at €3.51, while our model-based Fair Value estimate is €6.60, implying the stock looks roughly 88.0% undervalued today. The Quality Score stands at 51/100 (solid 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: high), always confirm before acting.
Over the trailing twelve months, Avax S.A generated revenue of €958M at a net margin of 5.0%. Revenue grew 71.0% year over year. It earns a return on equity of 26.1%. Net debt stands at €200M. Fundamentals as of Jul 24, 2026
Our scenario range runs from €3.39 (bear case) to €8.40 (bull case); at €3.51, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 6% below its 52-week high and 89% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 88%, AVAX screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 24 models by family
Widest divergence: DCF Models (€6.72) versus Asset-Based (€0.9500). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 47 · Market factors (momentum, volatility) 69
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Avax S.A. operates as a construction company in Greece and internationally. It operates through Construction, Concessions, and Other Activities segments.
Full company description
Avax S.A. 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. It also constructs environmental plants, natural gas and petrochemical projects, and power plant projects; and bridges, harbors, railroads, roads, and other infrastructure projects. In addition, the company is involved in activities focusing on the residential development-urban and country/holiday homes and investing in commercial real estate; and vehicle technical inspection, and facilities management services. The company was formerly known as J&P-AVAX S.A. and changed its name to Avax S.A. in April 2019. Avax S.A. was founded in 1986 and is headquartered in Marousi, Greece.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Avax S.A reported revenue of €958M in FY2025 versus €592M in FY2021, a compound +12.8%/yr. Reported net income was €47.5M in FY2025.
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Peer Group
Engineering & Construction · 837 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Engineering & Construction median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Larsen & Toubro Limited LT | ₹3,815 | ₹1,994 | -48% |
| Samsung C&T Corporation 028260 | 346,000 KRW | 268,779 KRW | -22% |
| Hyundai Engineering & Construction Co 000720 | 99,000 KRW | 63,993 KRW | -35% |
| United Integrated Services Co 2404 | 1,250 TWD | 925.62 TWD | -26% |
| Samsung E&A Co 028050 | 42,550 KRW | 44,840 KRW | +5% |
| Rail Vikas Nigam Limited RVNL | ₹232.67 | ₹61.46 | -74% |
| Daewoo Engineering & Construction Co 047040 | 16,240 KRW | 6,507 KRW | -60% |
| NBCC (India) Limited NBCC | ₹96.32 | ₹48.22 | -50% |
| Cemindia Projects Limited CEMPRO | ₹1,330 | ₹730.69 | -45% |
| KEPCO Engineering & Construction Company 052690 | 92,700 KRW | 20,172 KRW | -78% |
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Frequently asked questions
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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.
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