Avantium Valuation Multiples

Discover Avantium's revenue and EBITDA valuation multiples and M&A history, alongside public comparables like Trayal Korporacija, Gurit Holding, Aspo, Synthomer and more.

Avantium Overview

About Avantium

Avantium NV along with its subsidiaries is engaged in developing and commercializing next-generation bio-based plastics and chemicals based on its technological capabilities in catalysis research and development. Avantium also provides solutions in the field of sustainable chemistry and provider of catalyst testing technology. The company operates through segments: R&D Solutions, Renewable Chemistries, and Renewable Polymer segments. The company generates the majority of its revenue from the R&D Solutions segment.


Founded

2000

HQ

Netherlands

Employees

303

Sectors

Financials (LTM)

Revenue: $34M
EBITDA: ($35M)

EV

$317M

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Avantium Financials

Avantium reported last 12-month revenue of $34M and negative EBITDA of ($35M).

In the same LTM period, Avantium generated ($35M) in EBITDA losses and had net loss of ($45M).

Revenue (LTM)


Avantium P&L

In the most recent fiscal year, Avantium reported revenue of $22M and EBITDA of ($20M).

Avantium is unprofitable as of last fiscal year, with gross margin of 53%, EBITDA margin of (93%), and net margin of (117%).

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LTMLast FY202320242025202620272028
Revenue$34M$22M$22M$24M$17M
Gross Profit-$12M$14M$19M$12M
Gross Margin-53%64%78%70%
EBITDA($35M)($20M)($30M)($28M)($20M)
EBITDA Margin(101%)(93%)(135%)(117%)(123%)
EBIT Margin(135%)(224%)(177%)(183%)(295%)
Net Profit($45M)($26M)($36M)($31M)($26M)
Net Margin(130%)(117%)(159%)(128%)(154%)
Net Debt-$103M---

Financial data powered by Morningstar, Inc.

Avantium Stock Performance

Avantium has current market cap of $204M, and enterprise value of $317M.

Market Cap Evolution


Avantium's stock price is $8.10.

Avantium share price decreased by 1.6% in the last 30 days, and by 24.3% in the last year.

Avantium has an EPS (earnings per share) of $-1.02.

See more trading valuation data for Avantium
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$317M$204M0.0%-1.6%-6.7%-24.3%$-1.02

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Avantium Valuation Multiples

Avantium trades at 9.2x EV/Revenue multiple, and (9.1x) EV/EBITDA.

See NTM and 2027E valuation multiples for Avantium

EV / Revenue (LTM)


Avantium Financial Valuation Multiples

As of July 14, 2026, Avantium has market cap of $204M and EV of $317M.

Avantium has a P/E ratio of (4.6x).

LTMLast FY202320242025202620272028
EV/Revenue9.2x14.4x14.1x13.2x19.0x
EV/EBITDA(9.1x)(15.5x)(10.4x)(11.2x)(15.5x)
EV/EBIT(6.8x)(6.4x)(8.0x)(7.2x)(6.4x)
EV/Gross Profit-27.2x22.0x17.0x27.2x
P/E(4.6x)(7.9x)(5.7x)(6.7x)(7.9x)
EV/FCF(7.2x)(5.7x)(2.6x)(2.9x)(5.7x)

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Avantium Valuation Multiples

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Avantium Margins & Growth Rates

Avantium grew revenue by 107% and EBITDA by 31% in the last fiscal year.

In the most recent fiscal year, Avantium reported gross margin of 53%, EBITDA margin of (93%), and net margin of (117%).

See estimated margins and future growth rates for Avantium

Avantium Margins

Last FY202420252026202720282029
Gross Margin53%78%70%-
EBITDA Margin(93%)(117%)(123%)(59%)
EBIT Margin(224%)(183%)(295%)(96%)
Net Margin(117%)(128%)(154%)(99%)
FCF Margin(251%)(450%)(331%)(64%)

Avantium Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth107%7%(31%)172%
Gross Profit Growth-30%(38%)-
EBITDA Growth31%(7%)(27%)31%
EBIT Growth(11%)10%12%(11%)
Net Profit Growth75%(14%)(16%)75%
FCF Growth(47%)(13%)(49%)(47%)

Data powered by FactSet, Inc. and Morningstar, Inc.

Avantium Operational KPIs

Avantium's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.2M for the same period.

Avantium's Rule of 40 is 113% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Avantium's Rule of X is 372% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for Avantium
LTMLast FY202320242025202620272028
Rule of 40(17%)113%---
Bessemer Rule of X110%372%---
Revenue per Employee-$0.1M---
Opex per Employee-$0.2M---
S&M Expenses to Revenue-4%10%9%5%
G&A Expenses to Revenue-22%25%28%29%
Opex to Revenue-276%241%261%365%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Avantium Competitors

Avantium competitors include Trayal Korporacija, Gurit Holding, Aspo, Synthomer, Flugger Group, XRF Scientific, Solar Foods, Dexxos, Grupa Azoty Puławy and Masterflex.

Most Avantium public comparables operate across Chemicals.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Trayal Korporacija3.1x-124.4x-
Gurit Holding0.7x0.7x(14.9x)20.7x
Aspo0.7x0.7x5.4x5.9x
Synthomer0.4x0.4x5.5x4.9x
Flugger Group0.7x0.7x6.3x6.3x
XRF Scientific4.2x3.8x14.9x14.0x
Solar Foods1300.9x98.9x(171.3x)21.4x
Dexxos0.4x0.3x2.8x3.0x

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Avantium VC Funding History

Before going public, Avantium raised $75M in total equity funding, across 2 rounds.


Avantium Funding Rounds

DateStageInvestorsRaisedValuationRev. MultipleDeal Summary
Apr-16Undisclosed stageAster; FPIM; PMV$23M-Avantium is an innovative chemical technology company specializing in renewable chemistry, developing efficient processes and sustainable products from biobased materials. A key focus is its YXY technology to produce PEF, a high-quality plastic from plant-based sugars, and FDCA. On April 19, 2016, Avantium closed a €20 million financing round led by PMV (through its TINA fund), with participation from FPIM (Belgian Federal Holding and Investment Company) and existing shareholders. The funds supported strategic milestones, including plans for a reference plant in Antwerp via a joint venture with BASF named Synvina (Avantium 49% owned), aimed at commercializing FDCA and PEF technology. The financing was structured as a subordinated convertible loan agreement (CLA) for €20 million principal, entered in March 2016, boosting liquidity and balance sheet. Balance sheet total rose to €85.3 million by end-2016 from €22.9 million in 2015, driven by the Synvina investment. Cash increased to €14.2 million by December 2016 from €7.0 million prior year, with debt (excluding cash) at €26.4 million including the €20 million CLA and accrued interest. Financial performance for FY 2016 showed consolidated revenues of €10.5 million, up 2% from €10.3 million in 2015. Avantium achieved recognition on the Global Cleantech List (top 100 private clean tech companies) for the sixth year in 2015. Post-round developments included transferring a €25 million Horizon 2020 subsidy application for a commercial FDCA plant to Synvina, with a positive EU evaluation in December 2016. Avantium later pursued an IPO in 2017, raising €109 million gross proceeds at Euronext Amsterdam and Brussels.
May-14Series GCoca-Cola; De Hoge Dennen Capital; Aster; Capricorn Partners; Sofinnova Partners; Aescap Venture; ALPLA; Danone; ING Corporate Investments$52M-Avantium is a Dutch company focused on renewable chemistry, catalysis services, and developing sustainable materials like FDCA and PEF polymers, spun off from Shell in 2000. This funding supported its technology development in renewable polymers and chemistries. For FY 2014 (covering the period near the round), Avantium reported revenues from continuing operations of €9.6 million, with an operating loss of €3.5 million (continuing) and total comprehensive loss of €13.2 million. Earlier FY 2013 revenues were €10.3 million from continuing operations. Post-2014, Avantium pursued growth through IPO on Euronext Amsterdam and Brussels in March 2017, raising €109 million gross proceeds, boosting cash to €100.2 million and net equity to €158.3 million by year-end 2017, amid €12.7 million revenues. Revenues grew modestly to €10.9 million in 2021. Recent developments include equity raises like €84.8 million in September 2025 and other financings amid challenges in scaling FDCA/PEF production toward EBITDA break-even targeted for 2027.

Acquisitions by Avantium

Avantium has acquired 2 companies to date.

Last acquisition by Avantium was on January 1st 2019. Avantium acquired SYNVINA C.V. for $29M (EV/Revenue multiple available to Pro users).

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Latest Acquisitions by Avantium

SYNVINA C.V.
Liquid Light
Description
SYNVINA C.V. is a Netherlands-based joint venture between Avantium and BASF that manufactures furandicarboxylic acid and polyethylene furanoate, bio-based alternatives to petroleum-derived PET plastics. Located in Amsterdam, the company focuses on sustainable polymers for packaging and textiles, scaling production through its dedicated facility. Synvina advances circular economy initiatives by producing materials suitable for recycling into food-grade applications.
Liquid Light is a Pasadena, California-based clean energy company converting carbon dioxide into ethanol and ethylene using electrocatalytic reactors. Its pilot plant processes 1 ton of CO2 daily at efficiencies above 50 percent, licensed to partners in chemicals production. Funded by ARPA-E grants, the technology targets fuel and plastics markets.
HQ CountryNetherlandsUnited States
HQ City
Amsterdam
Monmouth Junction, NJ
Deal Date1 Jan 201910 Jan 2017
Valuation$29Mundisclosed
EV/Revenue
EV/EBITDA

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About Avantium

When was Avantium founded?Avantium was founded in 2000.
Where is Avantium headquartered?Avantium is headquartered in Netherlands.
How many employees does Avantium have?As of today, Avantium has over 303 employees.
Is Avantium publicly listed?Yes, Avantium is a public company listed on Euronext Amsterdam.
What is the stock symbol of Avantium?Avantium trades under AVTX ticker.
When did Avantium go public?Avantium went public in 2017.
Who are competitors of Avantium?Avantium main competitors include Trayal Korporacija, Gurit Holding, Aspo, Synthomer, Flugger Group, XRF Scientific, Solar Foods, Dexxos, Grupa Azoty Puławy, Masterflex.
What is the current market cap of Avantium?Avantium's current market cap is $204M.
What is the current revenue of Avantium?Avantium's last 12 months revenue is $34M.
What is the current revenue growth of Avantium?Avantium revenue growth (NTM/LTM) is 84%.
What is the current EV/Revenue multiple of Avantium?Current revenue multiple of Avantium is 9.2x.
Is Avantium profitable?No, Avantium is not profitable.
What is the current EBITDA of Avantium?Avantium has negative EBITDA and is not profitable.
What is Avantium's EBITDA margin?Avantium's last 12 months EBITDA margin is (101%).
What is the current EV/EBITDA multiple of Avantium?Current EBITDA multiple of Avantium is (9.1x).
What is the current FCF of Avantium?Avantium's last 12 months FCF is ($44M).
What is Avantium's FCF margin?Avantium's last 12 months FCF margin is (128%).
What is the current EV/FCF multiple of Avantium?Current FCF multiple of Avantium is (7.2x).
How many companies Avantium has acquired to date?As of July 2026, Avantium has acquired 2 companies.
What was the largest acquisition by Avantium?$29M acquisition of SYNVINA C.V. on 1st January 2019 was the largest M&A Avantium has done to date.
What companies Avantium acquired?Avantium acquired SYNVINA C.V. and Liquid Light.
In how many companies Avantium has invested to date?Avantium hasn't invested in any companies yet (or none have been disclosed publicly).

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