AE
AEG.JSE Aveng Ltd
- Market cap
- ZAC 505M
- P/E
- -
- P/B
- 24.21x
- ROE
- -8.7%
- Dividend yield
- -
- Fundamental score
- 0.9/5
Ratios use the latest price and the fiscal year ending Jun 2026.
Is AEG.JSE undervalued?
Graham numberThe Graham number of Aveng Ltd cannot be estimated reliably (it needs positive earnings and book value).
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Aveng Ltd fundamental analysis
4 of 21 checks passedROE 0/2
Low return on equity (-8.7%), below 10%.
ROA 0/1
Return on assets (-1.6%) is below the industry median (7.2%).
Profit Consistency 0/2
Not profitable for at least 3 consecutive years.
Earnings Growth 5Y 0/1
Earnings per share did not grow over the past 5 years.
Earnings Acceleration 0/1
Not enough positive earnings history to compare last year's growth with the 5-year average.
Earnings Growth vs Industry 0/1
Last year's EPS growth (-88.5%) is below the industry median (0.7%).
Revenue Growth 0/2
Revenue shrank 2.9% a year over the past 3 years.
Short-term Liquidity 0/1
Current assets do not cover short-term liabilities.
Long-term Liabilities 1/1
Current assets cover long-term liabilities.
Debt to Equity 1/2
Moderate debt to equity (63.6%), up to 100%.
Debt Trend 0/1
Debt to equity has risen over the past 5 years.
Cash Runway 2/2
Cash covers 7.1 years of the current cash burn.
PE vs Market 0/1
PE is negative or not available.
PE vs Industry 0/1
PE is negative or not available.
PBV 1/1
Price to book (0.2x) is below the industry median (1.1x).
Graham Number 0/1
Graham number needs positive earnings and book value.
PEG 0/1
PEG needs positive PE and positive 5-year earnings growth.
Dividend Yield 0/2
No dividend paid in the last reported year.
Dividend Stability 0/2
Dividends were not paid steadily for the past 5 years.
Dividend Growth 0/1
Dividends paid did not grow over the past 5 years.
Payout Ratio 0/1
No dividend, or no profit to pay it from.
Each check is worth 1 or 2 points by how much it says about the quality of the company. The score is the share of points earned, out of 5. Ask AI to explain this score
Aveng Ltd stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Aveng Ltd
Aveng Limited, together with its subsidiaries, engages in the construction, engineering, building, and contract mining businesses in South Africa, Australia, New Zealand, the Pacific Islands, and Southeast Asia. The company operates through three segments: Infrastructure, Building, and Mining. It offers civil and structural, mechanical and electrical, marine, pipelines, rail, and tunneling and underground construction services to transport, water and wastewater, ports and co…
Full company profileAveng Ltd financial statements
Aveng Ltd annual financial statements (AUD; K = thousand, M = million, B = billion, T = trillion)
| Item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 9.64B | 16.6B | 13.5B | 14.2B | 24.7B | 22.5B | 28.9B | 37.5B | 2.63B | 26.4B |
| Gross Profit | -3.68B | 1.46B | 770M | 810M | 1.77B | 1.88B | 443M | 2.95B | 79.3M | 1.73B |
| Operating Income | -4.88B | 156M | -555M | -300M | 536M | 507M | -1.06B | 28.7M | -60.4M | 313M |
| EBITDA | -4.37B | 311M | 195M | 841M | 1.05B | 1.24B | -229M | 1.35B | 4.88M | 1.16B |
| Net Income | -6.71B | -3.52B | -1.68B | -1.12B | 990M | 130M | -1.28B | 311M | -92.5M | -175M |
| EPS | -1,859 | -969 | -37 | -23 | 12 | 1.00 | -10 | 2.37 | -0.71 | -1.33 |
| Balance Sheet | ||||||||||
| Total Assets | 17.7B | 15.1B | 12.3B | 11.6B | 12.4B | 12.5B | 13.7B | 15.4B | 12.0B | 10.8B |
| Total Liabilities | 11.6B | 12.5B | 9.83B | 9.80B | 9.00B | 8.76B | 10.5B | 12.0B | 9.71B | 8.78B |
| Shareholders' Equity | 6.05B | 2.59B | 2.45B | 1.83B | 3.44B | 3.71B | 3.15B | 3.43B | 2.28B | 2.01B |
| Cash & Short-term Investments | 2.00B | 2.39B | 1.61B | 1.76B | 2.52B | 2.62B | 2.38B | 2.76B | 3.08B | 2.56B |
| Total Debt | 3.07B | 3.60B | 2.15B | 2.80B | 1.40B | 1.78B | 2.17B | 1.91B | 1.41B | 1.28B |
| Cash Flow | ||||||||||
| Operating Cash Flow | -622M | 430M | -1.00B | 279M | 1.91B | 1.15B | -681M | 1.72B | 77.9M | 569M |
| Capital Expenditure | 955M | 786M | 721M | 762M | 819M | 834M | 1.37B | 757M | 28.1M | 931M |
| Free Cash Flow | -1.58B | -356M | -1.72B | -483M | 1.09B | 313M | -2.05B | 958M | 49.9M | -362M |
| Ratios | ||||||||||
| ROE | -110.9% | -136.3% | -68.7% | -61.0% | 28.8% | 3.5% | -40.7% | 9.1% | -4.1% | -8.7% |
| ROA | -37.9% | -23.4% | -13.7% | -9.6% | 8.0% | 1.0% | -9.4% | 2.0% | -0.8% | -1.6% |
| Net Profit Margin | -69.6% | -21.2% | -12.4% | -7.9% | 4.0% | 0.6% | -4.4% | 0.8% | -3.5% | -0.7% |
| Debt to Equity | 0.51x | 1.39x | 0.88x | 1.53x | 0.41x | 0.48x | 0.69x | 0.56x | 0.62x | 0.64x |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
Aveng Ltd dividends
- Dividend yield
- -
- Forward dividend
- -
- Payout ratio
- -
- Ex-dividend date
- Oct 8, 2012
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2026 | - | - | - |
| 2025 | - | - | - |
| 2024 | - | - | - |
| 2023 | - | - | - |
| 2022 | - | - | - |
| 2021 | - | - | - |
| 2020 | - | - | - |
| 2019 | - | - | - |
| 2018 | ZAR 8.00M | 2.20 | - |
| 2017 | ZAR 3.00M | 0.83 | - |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 1:500 on Dec 8, 2021.
Who owns Aveng Ltd
- Insiders 17.20%
- Institutions 41.92%
- Public & others 40.88%
- Shares outstanding 127M
- Free float 79.0M
Aveng Ltd company profile
- Company name
- Aveng Ltd
- Ticker
- AEG.JSE
- ISIN
- ZAE000302618
- Exchange
- Johannesburg Exchange
- Sector
- Industrials
- Industry
- Construction & Engineering
- Fiscal year end
- June
- Address
- 2 Merlin Rose Avenue, Boksburg, South Africa, 1459
- Phone
- 27 11 779 2800
- Website
- aveng.co.za
About Aveng Ltd
Aveng Limited, together with its subsidiaries, engages in the construction, engineering, building, and contract mining businesses in South Africa, Australia, New Zealand, the Pacific Islands, and Southeast Asia. The company operates through three segments: Infrastructure, Building, and Mining. It offers civil and structural, mechanical and electrical, marine, pipelines, rail, and tunneling and underground construction services to transport, water and wastewater, ports and coastal, energy, and resources markets under the McConnell Dowell brand name. The company also provides design consultation and management, construction, and fit out services to sport, health and science, defense, education, residential, commercial, retail, industrial, and infrastructure markets under the Built Environs brand name. In addition, it is involved in contract mining operations, including open cut mining, shaft sinking and access development, and underground mining projects under the Moolmans brand name. The company was founded in 1889 and is based in Boksburg, South Africa.
Aveng Ltd management
10- Mr. Adrian Henry Macartney C.A., CA (SA)Group CFO, Group Finance Director & Executive Director · born 1969
- Mr. Fraser WyllieGroup CEO & Director
- Dr. James GlastonburyChief Engineering & Innovation Officer
- Mr. John MeggittChief Commercial Officer
- Mr. Mario RussoManaging Director of McConnell Dowell Australia
- Mr. Michael ClemengerManaging Director Built Environs
- Mr. Hee Wee TanManaging Director of McConnell Dowell Southeast Asia
- Mr. Pieter van GreunenManaging Director of Moolmans
- Ms. Jane OgilvieInterim Chief of Project Management Office
- Ms. Edinah MandizhaCompany Secretary · born 1981