Avax S.A (AVAX) - Net Assets
Based on the latest financial reports, Avax S.A (AVAX) has net assets worth €211.00 Million EUR (≈ $246.68 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.40 Billion ≈ $1.64 Billion USD) and total liabilities (€1.19 Billion ≈ $1.39 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check AVAX asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €211.00 Million |
| % of Total Assets | 15.04% |
| Annual Growth Rate | -0.25% |
| 5-Year Change | 119.28% |
| 10-Year Change | 80.73% |
| Growth Volatility | 27.7 |
Avax S.A - Net Assets Trend (2014–2025)
This chart illustrates how Avax S.A's net assets have evolved over time, based on quarterly financial data. Also explore Avax S.A (AVAX) total assets for the complete picture of this company's asset base.
Annual Net Assets for Avax S.A (2014–2025)
The table below shows the annual net assets of Avax S.A from 2014 to 2025. For live valuation and market cap data, see AVAX market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €211.00 Million ≈ $246.68 Million |
+33.90% |
| 2024-12-31 | €157.58 Million ≈ $184.23 Million |
-1.34% |
| 2023-12-31 | €159.72 Million ≈ $186.73 Million |
+3.11% |
| 2022-12-31 | €154.91 Million ≈ $181.11 Million |
+60.99% |
| 2021-12-31 | €96.23 Million ≈ $112.50 Million |
+23.05% |
| 2020-12-31 | €78.20 Million ≈ $91.42 Million |
+21.82% |
| 2019-12-31 | €64.19 Million ≈ $75.05 Million |
-27.71% |
| 2018-12-31 | €88.80 Million ≈ $103.81 Million |
-19.35% |
| 2017-12-31 | €110.10 Million ≈ $128.72 Million |
-5.69% |
| 2016-12-31 | €116.75 Million ≈ $136.49 Million |
-34.19% |
| 2015-12-31 | €177.41 Million ≈ $207.41 Million |
-18.17% |
| 2014-12-31 | €216.80 Million ≈ $253.46 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Avax S.A's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 2507574600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €276.55 Million | 131.90% |
| Total Equity | €209.67 Million | 100.00% |
Avax S.A Competitors by Market Cap
The table below lists competitors of Avax S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangdong Ganhua Science & Industry Co Ltd
SHE:000576
|
$523.67 Million |
|
IDI S.C.A.
PA:IDIP
|
$523.70 Million |
|
MCLON JEWELLERY Co.Ltd.
SHE:300945
|
$523.85 Million |
|
Changchun Gas Co Ltd
SHG:600333
|
$524.03 Million |
|
Italtile Ltd
JSE:ITE
|
$523.53 Million |
|
QC Solar (Suzhou) Co. Ltd. A
SHE:301278
|
$523.51 Million |
|
Cerus Corporation
NASDAQ:CERS
|
$522.96 Million |
|
Marcopolo S.A
SA:POMO3
|
$522.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Avax S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 156,455,399 to 209,673,207, a change of 53,217,808 (34.0%).
- Net income of 47,452,620 contributed positively to equity growth.
- Dividend payments of 10,367,631 reduced retained earnings.
- Share repurchases of 552,130 reduced equity.
- Other factors increased equity by 16,684,949.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €47.45 Million | +22.63% |
| Dividends Paid | €10.37 Million | -4.94% |
| Share Repurchases | €552.13K | -0.26% |
| Other Changes | €16.68 Million | +7.96% |
| Total Change | €- | 34.01% |
Book Value vs Market Value Analysis
This analysis compares Avax S.A's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.45x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.37x to 2.45x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €1.03 | €3.47 | x |
| 2018-12-31 | €0.80 | €3.47 | x |
| 2019-12-31 | €0.58 | €3.47 | x |
| 2020-12-31 | €0.54 | €3.47 | x |
| 2021-12-31 | €0.67 | €3.47 | x |
| 2022-12-31 | €1.07 | €3.47 | x |
| 2023-12-31 | €1.07 | €3.47 | x |
| 2024-12-31 | €1.05 | €3.47 | x |
| 2025-12-31 | €1.41 | €3.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Avax S.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 22.63%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.95%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 6.69x
- Recent ROE (22.63%) is above the historical average (-9.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -16.30% | -6.80% | 0.37x | 6.44x | €-56.85 Million |
| 2015 | -18.35% | -7.18% | 0.35x | 7.35x | €-50.59 Million |
| 2016 | -36.48% | -7.87% | 0.41x | 11.18x | €-54.26 Million |
| 2017 | -9.39% | -1.54% | 0.54x | 11.24x | €-21.35 Million |
| 2018 | -29.01% | -4.42% | 0.52x | 12.57x | €-34.64 Million |
| 2019 | -66.93% | -7.46% | 0.38x | 23.91x | €-49.39 Million |
| 2020 | 7.24% | 1.22% | 0.38x | 15.49x | €-2.16 Million |
| 2021 | -14.61% | -2.37% | 0.49x | 12.43x | €-23.68 Million |
| 2022 | 24.75% | 9.46% | 0.37x | 6.99x | €22.71 Million |
| 2023 | 6.50% | 2.27% | 0.38x | 7.58x | €-5.56 Million |
| 2024 | 19.24% | 4.62% | 0.53x | 7.86x | €14.45 Million |
| 2025 | 22.63% | 4.95% | 0.68x | 6.69x | €26.49 Million |
Industry Comparison
This section compares Avax S.A's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $305,504,452
- Average return on equity (ROE) among peers: -0.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Avax S.A (AVAX) | €211.00 Million | -16.30% | 5.65x | $523.57 Million |
| Bioter S.A. (BIOT) | $-93.64 Million | 0.00% | 0.00x | $3.45 Million |
| Domiki Kritis S.A. (DOMIK) | $13.26 Million | 0.76% | 1.15x | $37.95 Million |
| Ekter SA (EKTER) | $55.74 Million | 20.46% | 0.78x | $125.89 Million |
| Ellaktor S.A (ELLAKTOR) | $332.35 Million | -56.18% | 7.49x | $416.88 Million |
| GEK TERNA Holdings Real Estate Construction S.A (GEKTERNA) | $1.77 Billion | 46.18% | 3.73x | $3.53 Billion |
| Intracom Constructions Societe Anonyme Technical and Steel Constructions (INKAT) | $61.22 Million | -10.48% | 3.84x | $1.03 Billion |
| Technical Olympic S.A (OLYMP) | $295.45 Million | -2.44% | 0.68x | $95.74 Million |
| Proodeftiki S.A. (PRD) | $7.44 Million | -2.67% | 1.80x | $6.14 Million |
About Avax S.A
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 a… Read more