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1. Company Snapshot

1.a. Company Description

Avantium N.V., a chemical technology company, develops and commercializes renewable chemistry solutions in the Netherlands.The company operates through three segments: Avantium Catalysis, Avantium Renewable Chemistries, and Avantium Renewable Polymers.It offers furandicarboxylic acid, a building block for polyethylene furanoate (PEF); and PEF, a plant-based recyclable plastic for use as packaging material.


The company also provides catalyst testing systems, including Flowrence that provides catalyst testing and adsorbents.In addition, the company R&D system, services, and refinery catalyst testing services.Further, it develops ray technology to produce mono-ethylene glycol from industrial sugars; and dawn technology which converts non-food plant-based feedstock to industrial sugars and lignin.


Additionally, the company produces polyesters using plantMEG.Avantium N.V. was founded in 2000 and is headquartered in Amsterdam, the Netherlands.

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1.b. Last Insights on AVTX

Avantium's recent performance was negatively impacted by a 25% decline in revenue to €6.69m in the first half of 2025, compared to the same period last year. The company's net loss narrowed to €1.08 per share from €1.90 in 1H2024, indicating some progress in cost management. However, the significant revenue drop likely raised concerns about the company's growth prospects. Additionally, no recent announcements on share buybacks, new product launches, or acquisitions were made, suggesting a lack of positive catalysts. (Source: Avantium's First Half 2025 Earnings release)

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Avantium (AMS:AVTX) adds €18m to market cap in the past 7 days, though investors from five years ago are still down 69%

Dec -03

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Avantium and Logoplaste enter capacity reservation deal for Releaf

Nov -11

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Tereos, LVMH Gaïa to scale plant-based polymer with Avantium technology

Oct -28

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Avantium First Half 2025 Earnings: €1.08 loss per share (vs €1.90 loss in 1H 2024)

Sep -08

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Avantium teams up with Bottle Collective to create eco-friendly fibre bottles

May -19

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Avantium and Amcor partner to advance sustainable packaging with releaf

Feb -12

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Avantium unveils recycling polycotton waste textiles solution

Jan -31

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Avantium and SCGC partner for sustainable PLGA production

Nov -21

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (9.99%)

6. Segments

Research & Development Solutions

Expected Growth: 9.27%

Avantium N.V.'s 9.27% growth in Research & Development Solutions is driven by increasing demand for sustainable and renewable chemicals, government incentives for green technologies, and strategic partnerships with industry leaders. Additionally, the company's innovative proprietary technologies, such as its patented Catalytic pyrolysis Oil (CPO) process, are gaining traction in the market, further fueling growth.

Renewable Polymers

Expected Growth: 11.53%

Avantium N.V.'s Renewable Polymers segment growth of 11.53% is driven by increasing demand for sustainable packaging, government regulations promoting eco-friendly products, and partnerships with major brands seeking to reduce carbon footprint. Additionally, Avantium's proprietary technology and scalable production process enable cost-effective production of renewable polymers, further fueling growth.

Unallocated Items

Expected Growth: 10.83%

Avantium N.V.'s 10.83% growth in Unallocated Items is driven by increasing investments in R&D, expansion of pilot plant capacity, and strategic partnerships. Additionally, the company's focus on sustainable and renewable technologies, such as plant-based chemicals and bio-based plastics, is attracting new customers and revenue streams.

7. Detailed Products

Catalysts

Avantium N.V. develops and commercializes a range of proprietary catalysts for the production of chemicals and fuels from renewable resources.

Ray Technology

Avantium N.V.'s Ray Technology is a proprietary, patented technology for the production of plant-based MEG (mono-ethylene glycol).

Dawn Technology

Avantium N.V.'s Dawn Technology is a proprietary, patented technology for the production of plant-based FDCA (furandicarboxylic acid).

Plant-based chemicals

Avantium N.V. develops and commercializes a range of plant-based chemicals, including FDCA, MEG, and other biochemicals.

Renewable fuels

Avantium N.V. develops and commercializes a range of renewable fuels, including ethanol, butanol, and other biofuels.

8. Avantium N.V.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Avantium N.V. operates in the renewable energy industry, which has a moderate threat of substitutes. While there are alternative energy sources, Avantium's proprietary technology and partnerships provide a competitive advantage.

Bargaining Power Of Customers

Avantium N.V. has a diverse customer base, and no single customer accounts for a significant portion of its revenue. This reduces the bargaining power of customers.

Bargaining Power Of Suppliers

Avantium N.V. relies on a few key suppliers for its raw materials. While there are alternative suppliers, the company's dependence on these suppliers gives them some bargaining power.

Threat Of New Entrants

The renewable energy industry has high barriers to entry, including significant capital requirements and regulatory hurdles. This makes it difficult for new entrants to compete with Avantium N.V.

Intensity Of Rivalry

The renewable energy industry is highly competitive, with many established players competing for market share. Avantium N.V. must continually innovate and improve its products to maintain its competitive edge.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 71.34%
Debt Cost 3.95%
Equity Weight 28.66%
Equity Cost 9.41%
WACC 5.51%
Leverage 248.91%

11. Quality Control: Avantium N.V. passed 1 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
SP Group

A-Score: 4.4/10

Value: 6.3

Growth: 6.9

Quality: 6.2

Yield: 1.9

Momentum: 2.0

Volatility: 3.3

1-Year Total Return ->

Stock-Card
Treatt

A-Score: 3.9/10

Value: 6.7

Growth: 6.0

Quality: 6.2

Yield: 3.8

Momentum: 0.0

Volatility: 1.0

1-Year Total Return ->

Stock-Card
Carbios

A-Score: 2.5/10

Value: 7.8

Growth: 0.3

Quality: 4.5

Yield: 0.0

Momentum: 2.5

Volatility: 0.0

1-Year Total Return ->

Stock-Card
Avantium

A-Score: 2.3/10

Value: 8.2

Growth: 3.1

Quality: 2.6

Yield: 0.0

Momentum: 0.0

Volatility: 0.0

1-Year Total Return ->

Stock-Card
Synthomer

A-Score: 2.3/10

Value: 8.9

Growth: 0.4

Quality: 1.0

Yield: 2.5

Momentum: 0.5

Volatility: 0.3

1-Year Total Return ->

Stock-Card
VERBIO

A-Score: 2.2/10

Value: 7.0

Growth: 2.0

Quality: 1.1

Yield: 1.2

Momentum: 1.0

Volatility: 0.7

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

6.83$

Current Price

6.83$

Potential

-0.00%

Expected Cash-Flows