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AFC AJAX (AJAX.AS) Stock Fundamental Analysis

Europe - Euronext Amsterdam - AMS:AJAX - NL0000018034 - Common Stock

8.96 EUR
+0.08 (+0.9%)
Last: 1/14/2026, 7:00:00 PM
Fundamental Rating

2

Taking everything into account, AJAX scores 2 out of 10 in our fundamental rating. AJAX was compared to 48 industry peers in the Entertainment industry. Both the profitability and financial health of AJAX have multiple concerns. While showing a medium growth rate, AJAX is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

1

1. Profitability

1.1 Basic Checks

  • AJAX had negative earnings in the past year.
  • AJAX had a negative operating cash flow in the past year.
  • AJAX had negative earnings in 4 of the past 5 years.
  • In the past 5 years AJAX reported 4 times negative operating cash flow.
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

  • AJAX's Return On Assets of -8.19% is on the low side compared to the rest of the industry. AJAX is outperformed by 70.83% of its industry peers.
  • The Return On Equity of AJAX (-19.75%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA -8.19%
ROE -19.75%
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 89.63%, AJAX is in the better half of the industry, outperforming 77.08% of the companies in the same industry.
  • AJAX's Gross Margin has been stable in the last couple of years.
  • The Profit Margin and Operating Margin are not available for AJAX so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 89.63%
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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3

2. Health

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.
  • The debt/assets ratio for AJAX is higher compared to a year ago.
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

  • Based on the Altman-Z score of 0.61, we must say that AJAX is in the distress zone and has some risk of bankruptcy.
  • AJAX has a Altman-Z score (0.61) which is comparable to the rest of the industry.
  • A Debt/Equity ratio of 0.52 indicates that AJAX is somewhat dependend on debt financing.
  • With a decent Debt to Equity ratio value of 0.52, AJAX is doing good in the industry, outperforming 62.50% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.52
Debt/FCF N/A
Altman-Z 0.61
ROIC/WACCN/A
WACC6.51%
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 1.13. This is a normal value and indicates that AJAX is financially healthy and should not expect problems in meeting its short term obligations.
  • With a decent Current ratio value of 1.13, AJAX is doing good in the industry, outperforming 60.42% of the companies in the same industry.
  • AJAX has a Quick Ratio of 1.08. 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 1.08 is fine compared to the rest of the industry. AJAX outperforms 60.42% of its industry peers.
Industry RankSector Rank
Current Ratio 1.13
Quick Ratio 1.08
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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4

3. Growth

3.1 Past

  • The earnings per share for AJAX have decreased strongly by -336.12% in the last year.
  • The Revenue has grown by 17.22% in the past year. This is quite good.
  • The Revenue has been growing slightly by 1.88% on average over the past years.
EPS 1Y (TTM)-336.12%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%35.22%
Revenue 1Y (TTM)17.22%
Revenue growth 3Y-1.99%
Revenue growth 5Y1.88%
Sales Q2Q%16.13%

3.2 Future

  • Based on estimates for the next years, AJAX will show a very strong growth in Earnings Per Share. The EPS will grow by 52.98% on average per year.
  • 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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1

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for AJAX. In the last year negative earnings were reported.
  • Also next year AJAX is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
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 30 40

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

  • 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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2

5. Dividend

5.1 Amount

  • AJAX has a yearly dividend return of 0.83%, which is pretty low.
  • Compared to an average industry Dividend Yield of 0.93, AJAX pays a bit more dividend than its industry peers.
  • With a Dividend Yield of 0.83, AJAX pays less dividend than the S&P500 average, which is at 1.91.
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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AFC AJAX

AMS:AJAX (1/14/2026, 7:00:00 PM)

8.96

+0.08 (+0.9%)

Chartmill FA Rating
GICS IndustryGroupMedia & Entertainment
GICS IndustryEntertainment
Earnings (Last)09-29
Earnings (Next)N/A
Inst Owners5.97%
Inst Owner ChangeN/A
Ins Owners0.23%
Ins Owner ChangeN/A
Market Cap164.24M
Revenue(TTM)178.13M
Net Income(TTM)-37.34M
Analysts42.22
Price Target9.18 (2.46%)
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 N/A
P/S 0.92
P/FCF N/A
P/OCF N/A
P/B 0.87
P/tB 1.76
EV/EBITDA N/A
EPS(TTM)-2.04
EYN/A
EPS(NY)-0.78
Fwd EYN/A
FCF(TTM)-6.14
FCFYN/A
OCF(TTM)-1.1
OCFYN/A
SpS9.72
BVpS10.31
TBVpS5.08
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -8.19%
ROE -19.75%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 89.63%
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 Turnover0.39
Health
Industry RankSector Rank
Debt/Equity 0.52
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 821.72%
Cap/Sales 51.86%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.13
Quick Ratio 1.08
Altman-Z 0.61
F-Score3
WACC6.51%
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)-336.12%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%35.22%
EPS Next Y50%
EPS Next 2Y52.98%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)17.22%
Revenue growth 3Y-1.99%
Revenue growth 5Y1.88%
Sales Q2Q%16.13%
Revenue Next Year33.92%
Revenue Next 2Y19.72%
Revenue Next 3Y9.96%
Revenue Next 5Y7.07%
EBIT growth 1Y33.63%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year336%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y18.22%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-90.68%
OCF growth 3YN/A
OCF growth 5YN/A

AFC AJAX / AJAX.AS FAQ

What is the fundamental rating for AJAX stock?

ChartMill assigns a fundamental rating of 2 / 10 to AJAX.AS.


What is the valuation status for AJAX stock?

ChartMill assigns a valuation rating of 1 / 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 3 / 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%.