AFC AJAX (AJAX.AS) Fundamental Analysis & Valuation

AMS:AJAX • NL0000018034

Current stock price

8.62 EUR
+0.06 (+0.7%)
Last:

This AJAX.AS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

1

1. AJAX.AS Profitability Analysis

1.1 Basic Checks

  • In the past year AJAX has reported negative net income.
  • AJAX had a negative operating cash flow in the past year.
  • In the past 5 years AJAX reported 4 times negative net income.
  • AJAX had negative operating cash flow in 4 of the past 5 years.
AJAX.AS Yearly Net Income VS EBIT VS OCF VS FCFAJAX.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M -50M -100M

1.2 Ratios

  • With a Return On Assets value of -1.65%, AJAX perfoms like the industry average, outperforming 46.67% of the companies in the same industry.
  • The Return On Equity of AJAX (-3.70%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA -1.65%
ROE -3.7%
ROIC N/A
ROA(3y)-0.88%
ROA(5y)-1.9%
ROE(3y)-2.53%
ROE(5y)-4.7%
ROIC(3y)N/A
ROIC(5y)N/A
AJAX.AS Yearly ROA, ROE, ROICAJAX.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 30

1.3 Margins

  • Looking at the Gross Margin, with a value of 89.86%, AJAX is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
  • AJAX's Gross Margin has been stable in the last couple of years.
  • AJAX does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 89.86%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.13%
GM growth 5Y-0.79%
AJAX.AS Yearly Profit, Operating, Gross MarginsAJAX.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50

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4

2. AJAX.AS Health Analysis

2.1 Basic Checks

  • AJAX does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • Compared to 1 year ago, AJAX has about the same amount of shares outstanding.
  • Compared to 5 years ago, AJAX has about the same amount of shares outstanding.
  • AJAX has a worse debt/assets ratio than last year.
AJAX.AS Yearly Shares OutstandingAJAX.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M
AJAX.AS Yearly Total Debt VS Total AssetsAJAX.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M

2.2 Solvency

  • AJAX has an Altman-Z score of 0.75. This is a bad value and indicates that AJAX is not financially healthy and even has some risk of bankruptcy.
  • With a Altman-Z score value of 0.75, AJAX perfoms like the industry average, outperforming 48.89% of the companies in the same industry.
  • AJAX has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
  • AJAX has a better Debt to Equity ratio (0.47) than 64.44% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF N/A
Altman-Z 0.75
ROIC/WACCN/A
WACC6.56%
AJAX.AS Yearly LT Debt VS Equity VS FCFAJAX.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M

2.3 Liquidity

  • AJAX has a Current Ratio of 1.24. This is a normal value and indicates that AJAX is financially healthy and should not expect problems in meeting its short term obligations.
  • AJAX has a better Current ratio (1.24) than 82.22% of its industry peers.
  • AJAX has a Quick Ratio of 1.20. This is a normal value and indicates that AJAX is financially healthy and should not expect problems in meeting its short term obligations.
  • AJAX's Quick ratio of 1.20 is fine compared to the rest of the industry. AJAX outperforms 77.78% of its industry peers.
Industry RankSector Rank
Current Ratio 1.24
Quick Ratio 1.2
AJAX.AS Yearly Current Assets VS Current LiabilitesAJAX.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. AJAX.AS Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 84.92% over the past year.
  • Looking at the last year, AJAX shows a quite strong growth in Revenue. The Revenue has grown by 15.07% in the last year.
  • Measured over the past years, AJAX shows a small growth in Revenue. The Revenue has been growing by 1.88% on average per year.
EPS 1Y (TTM)84.92%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%222.22%
Revenue 1Y (TTM)15.07%
Revenue growth 3Y-1.99%
Revenue growth 5Y1.88%
Sales Q2Q%14.31%

3.2 Future

  • AJAX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 52.98% yearly.
  • The Revenue is expected to grow by 7.07% on average over the next years.
EPS Next Y50%
EPS Next 2Y52.98%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year33.92%
Revenue Next 2Y19.72%
Revenue Next 3Y9.96%
Revenue Next 5Y7.07%

3.3 Evolution

  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
AJAX.AS Yearly Revenue VS EstimatesAJAX.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 50M 100M 150M 200M 250M
AJAX.AS Yearly EPS VS EstimatesAJAX.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 0 0.5 -0.5 -1 -1.5

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3

4. AJAX.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • AJAX reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • A Price/Forward Earnings ratio of 16.34 indicates a correct valuation of AJAX.
  • AJAX's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. AJAX is cheaper than 68.89% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of AJAX to the average of the S&P500 Index (22.42), we can say AJAX is valued slightly cheaper.
Industry RankSector Rank
PE N/A
Fwd PE 16.34
AJAX.AS Price Earnings VS Forward Price EarningsAJAX.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20 -20 30

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
AJAX.AS Per share dataAJAX.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as AJAX's earnings are expected to grow with 52.98% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y52.98%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

2

5. AJAX.AS Dividend Analysis

5.1 Amount

  • AJAX has a yearly dividend return of 0.83%, which is pretty low.
  • AJAX's Dividend Yield is a higher than the industry average which is at 1.06.
  • Compared to an average S&P500 Dividend Yield of 1.89, AJAX's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.83%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
AJAX.AS Yearly Dividends per shareAJAX.AS Yearly Dividends per shareYearly Dividends per share 2019 2023 0.05 0.1 0.15 0.2

5.3 Sustainability

DP0%
EPS Next 2Y52.98%
EPS Next 3YN/A
AJAX.AS Yearly Income VS Free CF VS DividendAJAX.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M -50M -100M

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AJAX.AS Fundamentals: All Metrics, Ratios and Statistics

AFC AJAX

AMS:AJAX (3/23/2026, 12:26:28 PM)

8.62

+0.06 (+0.7%)

Chartmill FA Rating
GICS IndustryGroupMedia & Entertainment
GICS IndustryEntertainment
Earnings (Last)09-29
Earnings (Next)N/A
Inst Owners5.96%
Inst Owner ChangeN/A
Ins Owners0.23%
Ins Owner ChangeN/A
Market Cap158.00M
Revenue(TTM)191.97M
Net Income(TTM)-7.59M
Analysts42.22
Price Target9.18 (6.5%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.83%
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 16.34
P/S 0.82
P/FCF N/A
P/OCF N/A
P/B 0.77
P/tB 1.56
EV/EBITDA N/A
EPS(TTM)-0.41
EYN/A
EPS(NY)0.53
Fwd EY6.12%
FCF(TTM)-5.99
FCFYN/A
OCF(TTM)-0.6
OCFYN/A
SpS10.47
BVpS11.21
TBVpS5.53
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -1.65%
ROE -3.7%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 89.86%
FCFM N/A
ROA(3y)-0.88%
ROA(5y)-1.9%
ROE(3y)-2.53%
ROE(5y)-4.7%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.13%
GM growth 5Y-0.79%
F-Score3
Asset Turnover0.42
Health
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 849.08%
Cap/Sales 51.47%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.24
Quick Ratio 1.2
Altman-Z 0.75
F-Score3
WACC6.56%
ROIC/WACCN/A
Cap/Depr(3y)918.78%
Cap/Depr(5y)764.69%
Cap/Sales(3y)59.93%
Cap/Sales(5y)53.77%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)84.92%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%222.22%
EPS Next Y50%
EPS Next 2Y52.98%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)15.07%
Revenue growth 3Y-1.99%
Revenue growth 5Y1.88%
Sales Q2Q%14.31%
Revenue Next Year33.92%
Revenue Next 2Y19.72%
Revenue Next 3Y9.96%
Revenue Next 5Y7.07%
EBIT growth 1Y29.41%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year336%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y6.98%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-18.99%
OCF growth 3YN/A
OCF growth 5YN/A

AFC AJAX / AJAX.AS Fundamental Analysis FAQ

What is the fundamental rating for AJAX stock?

ChartMill assigns a fundamental rating of 3 / 10 to AJAX.AS.


What is the valuation status for AJAX stock?

ChartMill assigns a valuation rating of 3 / 10 to AFC AJAX (AJAX.AS). This can be considered as Overvalued.


Can you provide the profitability details for AFC AJAX?

AFC AJAX (AJAX.AS) has a profitability rating of 1 / 10.


How financially healthy is AFC AJAX?

The financial health rating of AFC AJAX (AJAX.AS) is 4 / 10.


Is the dividend of AFC AJAX sustainable?

The dividend rating of AFC AJAX (AJAX.AS) is 2 / 10 and the dividend payout ratio is 0%.