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AFC AJAX (AJAX.AS) Stock Fundamental Analysis

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

8.88 EUR
-0.02 (-0.22%)
Last: 1/16/2026, 7:00:00 PM
Fundamental Rating

2

AJAX gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 48 industry peers in the Entertainment industry. AJAX has a bad profitability rating. Also its financial health evaluation is rather negative. 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

  • In the past year AJAX has reported negative net income.
  • In the past year AJAX has reported a negative cash flow from operations.
  • In the past 5 years AJAX reported 4 times negative net income.
  • 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

  • Looking at the Return On Assets, with a value of -8.19%, AJAX is doing worse than 70.83% of the companies in the same industry.
  • With a Return On Equity value of -19.75%, AJAX perfoms like the industry average, outperforming 41.67% of the companies in the same 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.
  • In the last couple of years the Gross Margin of AJAX has remained more or less at the same level.
  • 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 89.63%
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.
  • The number of shares outstanding for AJAX remains at a similar level compared to 1 year ago.
  • The number of shares outstanding for AJAX remains at a similar level compared to 5 years ago.
  • 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.
  • AJAX has a Debt/Equity ratio of 0.52. This is a neutral value indicating AJAX is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.52, AJAX is in the better half of 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
WACC6.52%
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

  • A Current Ratio of 1.13 indicates that AJAX should not have too much problems paying its short term obligations.
  • AJAX has a Current ratio of 1.13. This is in the better half of the industry: AJAX outperforms 60.42% of its industry peers.
  • 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.
  • With a decent Quick ratio value of 1.08, AJAX is doing good in the industry, outperforming 60.42% of the companies in the same industry.
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

  • AJAX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -336.12%.
  • The Revenue has grown by 17.22% in the past year. This is quite good.
  • 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)-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

  • AJAX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 52.98% yearly.
  • AJAX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.07% yearly.
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

  • AJAX's earnings are expected to grow with 52.98% in the coming years. This may justify a more expensive valuation.
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

  • With a yearly dividend of 0.83%, AJAX is not a good candidate for dividend investing.
  • AJAX's Dividend Yield is a higher than the industry average which is at 0.92.
  • Compared to an average S&P500 Dividend Yield of 1.87, 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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AFC AJAX

AMS:AJAX (1/16/2026, 7:00:00 PM)

8.88

-0.02 (-0.22%)

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 Cap162.77M
Revenue(TTM)178.13M
Net Income(TTM)-37.34M
Analysts42.22
Price Target9.18 (3.38%)
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 0.91
P/FCF N/A
P/OCF N/A
P/B 0.86
P/tB 1.75
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
WACC6.52%
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%.