WinstonWınston
Back
Stock

AFC Ajax N.V.

AJAX.AS
15
Entertainment · Communication Services
Also trades as: 0DI7.L GBP 0.08 (-0.24%)
Price
€8.04
-0.16 (-1.95%)
Market Cap
€147.4M
Exchange
Euronext Amsterdam
Winston Score
15
Winston is worried
Weak fundamentals across most pillars.
Data as of Oct 6, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Weak
1/30
Growth
Mixed
5/20
Cash Flow
Weak
0/10
Stability
Mixed
4/10
Valuation
Weak
1/10
Ownership
Weak
1/15
Dividends
Good
3/5

15 of 100 counted points = Winston Score 15.

Track this stock — start free trial

§Winston Score History

The full picture

AFC Ajax N.V. is a professional football (soccer) club based in Amsterdam, Netherlands. The club competes in the Dutch Eredivisie league and European competitions like the UEFA Champions League. Ajax is one of the most decorated clubs in European football history, having won four European Cups, and it runs a globally respected youth academy called De Toekomst.

Ajax earns money through several streams: matchday ticket sales, broadcasting rights, commercial sponsorships, and — critically — selling players it develops through its academy. The club operates primarily in the Netherlands but has a global fanbase and brand. Its main competitive advantage is its youth development system, which consistently produces top talent that can be sold to larger European clubs for significant fees. However, the club faces a real risk: it cannot easily compete with the massive budgets of England's Premier League clubs, making it difficult to retain star players and sustain on-field success long-term.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-4.5% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+39.7% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

€0/ year

0.0% of revenue

Below sector average (12%)

Research and development spending

Insider Activity

0.0%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~6 years

€101M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

€101M cash & investments at current burn rate

Revenue declining

AFC Ajax N.V.'s revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

+0.0% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 18.3M (2022) → 18.3M (2026)

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
-48.0%
Thin — -48.0% gross margin
Profit after running costs
Operating Margin
-48.0%
Losing money on operations — -48.0%
Return on the money invested
ROCE
-4.3%
Weak — -4.3% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
+5.7%
Slow sales growth (+5.7% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
-547%
Weak — only -547% of profit becomes cash
Spare cash per sale
FCF Margin
-18.9%
Burning cash (-18.9%)

Free cash flow is negative. They are burning cash, not generating it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
0.50
Conservative — low debt load (0.50)
Covers its interest
Interest Cover
N/A
Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
80.4x
Expensive — P/E 80.4

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend
Dividend Yield
4.39%
Healthy income — 4.39% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend record
Dividend Growth
N/A
Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial