Deep Value: cash covers more than 100% of the stock price

This company holds roughly $67M in cash and investments — more than its entire stock-market value, based on its latest quarterly filing. You're paying very little for the actual business. Sometimes that's a genuine bargain or a takeover target, sometimes it's cheap for a reason. Not a buy signal on its own — always ask why it's this cheap.

Avantium N.V.

AVTX.AS

Chemicals - Specialty · Basic Materials

Also trades as: 0RNP.L

Exchange

Euronext Amsterdam

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Dec 31, 2025

How the score breaks down

Quality

Weak

Growth

Weak

Cash Flow

Weak

Stability

Weak

Valuation

Data not available

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Winston Score History

The full picture

Avantium is a Dutch chemical technology company that develops new ways to make plastics and chemicals from plants instead of oil. Its main product is a plant-based plastic called PEF (polyethylene furanoate), which can be used to make bottles and packaging as an alternative to regular PET plastic. The company also licenses its technology to other businesses that want to produce these bio-based materials.

Avantium makes money by licensing its technology to partners and through research collaborations, though it is still in the early commercial stage and is not yet profitable. It is based in the Netherlands and operates primarily in Europe, with a flagship commercial plant called Reverdia and its FDCA Flagship Plant under development. The company's main competitive edge is its proprietary chemistry, but its biggest risk is the long timeline and high cost of scaling up new chemical processes to the point where they can compete on price with established oil-based plastics.

Growth Profile

For growth stock investors

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

Revenue Growth

-34.5% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-210.0% YoY

YoY Growth Rate

Earnings declining

Insider Activity

13.8%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~6 months

€58M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Avantium N.V. has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

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.

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

-252.3%

Thin — -252.3% gross margin

Profit after running costs

Operating Margin

-284.9%

Losing money on operations — -284.9%

Return on the money invested

ROCE

-13.8%

Weak — -13.8% return on capital

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

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Growth

Sales growth

Sales YoY

-30.6%

Shrinking sales (-30.6% 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

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

-376.9%

Burning cash (-376.9%)

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

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Stability

What it owes vs what it owns

Debt / Equity

1.03

Elevated debt (1.03)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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