AVNET INC (AVT)
US0538071038 - Common Stock
Taking everything into account, AVT scores 4 out of 10 in our fundamental rating. AVT was compared to 127 industry peers in the Electronic Equipment, Instruments & Components industry. AVT has only an average score on both its financial health and profitability. AVT has a valuation in line with the averages, but on the other hand it scores bad on growth. Finally AVT also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year AVT was profitable.
In the past year AVT had a positive cash flow from operations.
AVT had positive earnings in 4 of the past 5 years.
In multiple years AVT reported negative operating cash flow during the last 5 years.
1.2 Ratios
AVT's Return On Assets of 5.15% is fine compared to the rest of the industry. AVT outperforms 73.02% of its industry peers.
AVT has a better Return On Equity (13.37%) than 80.16% of its industry peers.
AVT has a Return On Invested Capital of 11.06%. This is amongst the best in the industry. AVT outperforms 80.95% of its industry peers.
AVT had an Average Return On Invested Capital over the past 3 years of 9.91%. This is in line with the industry average of 9.42%.
The last Return On Invested Capital (11.06%) for AVT is above the 3 year average (9.91%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.15% | ||
| ROE | 13.37% | ||
| ROIC | 11.06% |
ROA(3y)5%
ROA(5y)3.34%
ROE(3y)12.48%
ROE(5y)8.17%
ROIC(3y)9.91%
ROIC(5y)8.21%
1.3 Margins
AVT has a Profit Margin (2.62%) which is comparable to the rest of the industry.
Looking at the Operating Margin, with a value of 4.40%, AVT is in line with its industry, outperforming 59.52% of the companies in the same industry.
In the last couple of years the Operating Margin of AVT has grown nicely.
Looking at the Gross Margin, with a value of 12.04%, AVT is doing worse than 73.02% of the companies in the same industry.
In the last couple of years the Gross Margin of AVT has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.4% | ||
| PM (TTM) | 2.62% | ||
| GM | 12.04% |
OM growth 3Y54.01%
OM growth 5Y10.21%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.82%
GM growth 5Y-2.01%
2. Health
2.1 Basic Checks
AVT has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for AVT has been reduced compared to 1 year ago.
AVT has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, AVT has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.56 indicates that AVT is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.56, AVT is in the better half of the industry, outperforming 67.46% of the companies in the same industry.
AVT has a Debt/Equity ratio of 0.55. This is a neutral value indicating AVT is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.55, AVT is not doing good in the industry: 74.60% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 3.56 |
ROIC/WACC1.06
WACC10.44%
2.3 Liquidity
AVT has a Current Ratio of 2.34. This indicates that AVT is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.34, AVT is in line with its industry, outperforming 51.59% of the companies in the same industry.
AVT has a Quick Ratio of 1.05. This is a normal value and indicates that AVT is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of AVT (1.05) is worse than 77.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.34 | ||
| Quick Ratio | 1.05 |
3. Growth
3.1 Past
The earnings per share for AVT have decreased strongly by -13.99% in the last year.
Measured over the past years, AVT shows a quite strong growth in Earnings Per Share. The EPS has been growing by 17.82% on average per year.
The Revenue has decreased by -2.73% in the past year.
Measured over the past years, AVT shows a small growth in Revenue. The Revenue has been growing by 6.87% on average per year.
EPS 1Y (TTM)-13.99%
EPS 3Y58.61%
EPS 5Y17.82%
EPS growth Q2Q-30%
Revenue 1Y (TTM)-2.73%
Revenue growth 3Y14.6%
Revenue growth 5Y6.87%
Revenue growth Q2Q-7.63%
3.2 Future
The Earnings Per Share is expected to decrease by -1.36% on average over the next years.
Based on estimates for the next years, AVT will show a decrease in Revenue. The Revenue will decrease by -0.80% on average per year.
EPS Next Y-34.28%
EPS Next 2Y-13.63%
EPS Next 3Y-1.36%
EPS Next 5YN/A
Revenue Next Year-8.63%
Revenue Next 2Y-3.74%
Revenue Next 3Y-0.8%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 6.99, the valuation of AVT can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of AVT indicates a rather cheap valuation: AVT is cheaper than 96.83% of the companies listed in the same industry.
AVT is valuated cheaply when we compare the Price/Earnings ratio to 28.28, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 8.22, which indicates a very decent valuation of AVT.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AVT indicates a rather cheap valuation: AVT is cheaper than 96.03% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of AVT to the average of the S&P500 Index (20.88), we can say AVT is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.99 | ||
| Fwd PE | 8.22 |
4.2 Price Multiples
AVT's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. AVT is cheaper than 90.48% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.23 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)0.39
EPS Next 2Y-13.63%
EPS Next 3Y-1.36%
5. Dividend
5.1 Amount
AVT has a Yearly Dividend Yield of 2.58%.
AVT's Dividend Yield is rather good when compared to the industry average which is at 1.75. AVT pays more dividend than 96.83% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, AVT has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.58% |
5.2 History
The dividend of AVT is nicely growing with an annual growth rate of 8.88%!
AVT has been paying a dividend for at least 10 years, so it has a reliable track record.
AVT has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)8.88%
Div Incr Years10
Div Non Decr Years10
5.3 Sustainability
AVT pays out 16.29% of its income as dividend. This is a sustainable payout ratio.
DP16.29%
EPS Next 2Y-13.63%
EPS Next 3Y-1.36%
AVNET INC
NASDAQ:AVT (5/3/2024, 7:00:01 PM)
After market: 49.41 0 (0%)49.41
+0.77 (+1.58%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap4.46B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.58% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.99 | ||
| Fwd PE | 8.22 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.39
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.15% | ||
| ROE | 13.37% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 4.4% | ||
| PM (TTM) | 2.62% | ||
| GM | 12.04% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.97
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.34 | ||
| Quick Ratio | 1.05 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-13.99%
EPS 3Y58.61%
EPS 5Y
EPS growth Q2Q
EPS Next Y-34.28%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-2.73%
Revenue growth 3Y14.6%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y