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Avid Technology

DB:AVD
Snowflake Description

Moderate growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AVD
DB
$325M
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Avid Technology, Inc. develops, markets, sells, and supports software, hardware, and integrated solutions for video and audio content creation, management, and distribution worldwide. The last earnings update was 35 days ago. More info.


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  • Avid Technology has significant price volatility in the past 3 months.
AVD Share Price and Events
7 Day Returns
-9.8%
DB:AVD
1.1%
DE Tech
2.4%
DE Market
1 Year Returns
80.2%
DB:AVD
-0.2%
DE Tech
-6.2%
DE Market
AVD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Avid Technology (AVD) -9.8% 17.2% 74% 80.2% 37.3% 35.5%
DE Tech 1.1% 3.2% 13.1% -0.2% 68.8% 103.6%
DE Market 2.4% 3% 7.4% -6.2% 9.6% 14.1%
1 Year Return vs Industry and Market
  • AVD outperformed the Tech industry which returned -0.2% over the past year.
  • AVD outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
AVD
Industry
5yr Volatility vs Market
Related Companies

AVD Value

 Is Avid Technology undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Avid Technology to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Avid Technology.

DB:AVD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:AVD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Tech Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.045 (1 + (1- 21%) (68.29%))
1.408
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.41
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.408 * 5.96%)
8.62%

Discounted Cash Flow Calculation for DB:AVD using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Avid Technology is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:AVD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.62%)
2019 48.00 Analyst x1 44.19
2020 60.00 Analyst x1 50.86
2021 56.00 Analyst x1 43.70
2022 57.00 Analyst x1 40.95
2023 64.00 Analyst x1 42.33
2024 65.03 Est @ 1.61% 39.60
2025 65.80 Est @ 1.19% 36.89
2026 66.40 Est @ 0.9% 34.27
2027 66.86 Est @ 0.7% 31.77
2028 67.24 Est @ 0.56% 29.42
Present value of next 10 years cash flows $393.99
DB:AVD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $67.24 × (1 + 0.23%) ÷ (8.62% – 0.23%)
$803.25
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $803.25 ÷ (1 + 8.62%)10
$351.44
DB:AVD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $393.99 + $351.44
$745.44
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $745.44 / 42.00
$17.75
DB:AVD Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:AVD represents 0.91279x of NasdaqGS:AVID
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.91279x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 17.75 x 0.91279
€16.20
Value per share (EUR) From above. €16.20
Current discount Discount to share price of €7.07
= -1 x (€7.07 - €16.20) / €16.20
56.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Avid Technology is available for.
Intrinsic value
>50%
Share price is €7.07 vs Future cash flow value of €16.2
Current Discount Checks
For Avid Technology to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Avid Technology's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Avid Technology's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Avid Technology's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Avid Technology's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:AVD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.26
NasdaqGS:AVID Share Price ** NasdaqGS (2019-04-18) in USD $7.74
Europe Tech Industry PE Ratio Median Figure of 22 Publicly-Listed Tech Companies 13.17x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.67x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Avid Technology.

DB:AVD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:AVID Share Price ÷ EPS (both in USD)

= 7.74 ÷ -0.26

-30.21x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Avid Technology is loss making, we can't compare its value to the Europe Tech industry average.
  • Avid Technology is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Avid Technology's expected growth come at a high price?
Raw Data
DB:AVD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -30.21x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
107.5%per year
Europe Tech Industry PEG Ratio Median Figure of 12 Publicly-Listed Tech Companies 0.87x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Avid Technology, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Avid Technology's assets?
Raw Data
DB:AVD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $-3.97
NasdaqGS:AVID Share Price * NasdaqGS (2019-04-18) in USD $7.74
Europe Tech Industry PB Ratio Median Figure of 30 Publicly-Listed Tech Companies 1.3x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.85x
DB:AVD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:AVID Share Price ÷ Book Value per Share (both in USD)

= 7.74 ÷ -3.97

-1.95x

* Primary Listing of Avid Technology.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Avid Technology has negative assets, we can't compare the value of its assets to the Europe Tech industry average.
X
Value checks
We assess Avid Technology's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Tech industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Tech industry average (and greater than 0)? (1 check)
  5. Avid Technology has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AVD Future Performance

 How is Avid Technology expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
107.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Avid Technology expected to grow at an attractive rate?
  • Avid Technology's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Avid Technology's earnings growth is expected to exceed the Germany market average.
  • Avid Technology's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:AVD Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:AVD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 107.5%
DB:AVD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 2.1%
Europe Tech Industry Earnings Growth Rate Market Cap Weighted Average 14.7%
Europe Tech Industry Revenue Growth Rate Market Cap Weighted Average 8.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:AVD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:AVD Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 457 1
2022-12-31 451 1
2021-12-31 446 1
2020-12-31 439 50 22 1
2019-12-31 424 27 13 3
DB:AVD Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 413 16 -11
2018-09-30 408 -1 -17
2018-06-30 409 2 -18
2018-03-31 413 11 -21
2017-12-31 419 9 -14
2017-09-30 427 6 -7
2017-06-30 441 2 2
2017-03-31 472 -34 25
2016-12-31 512 -49 48
2016-09-30 535 -47 39
2016-06-30 554 -53 41
2016-03-31 530 -50 24

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Avid Technology's earnings are expected to grow significantly at over 20% yearly.
  • Avid Technology's revenue is expected to grow by 2.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:AVD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Avid Technology Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AVD Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31
DB:AVD Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.26
2018-09-30 -0.42
2018-06-30 -0.44
2018-03-31 -0.50
2017-12-31 -0.33
2017-09-30 -0.18
2017-06-30 0.04
2017-03-31 0.63
2016-12-31 1.20
2016-09-30 0.97
2016-06-30 1.03
2016-03-31 0.60

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Avid Technology will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Avid Technology's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Avid Technology has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AVD Past Performance

  How has Avid Technology performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Avid Technology's growth in the last year to its industry (Tech).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Avid Technology does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Avid Technology's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Avid Technology's 1-year growth to the Europe Tech industry average as it is not currently profitable.
Earnings and Revenue History
Avid Technology's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Avid Technology Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AVD Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 413.28 -10.67 156.50 62.38
2018-09-30 407.86 -17.46 154.62 63.85
2018-06-30 409.08 -18.26 158.34 64.00
2018-03-31 412.83 -20.59 159.21 65.01
2017-12-31 419.00 -13.56 164.56 68.21
2017-09-30 427.04 -7.45 149.20 70.68
2017-06-30 440.79 1.59 149.41 74.61
2017-03-31 472.49 25.36 153.74 79.05
2016-12-31 511.93 48.22 171.81 81.56
2016-09-30 535.44 38.61 188.94 86.98
2016-06-30 553.86 40.61 195.29 92.25
2016-03-31 529.56 23.59 198.53 94.13
2015-12-31 505.60 2.48 196.62 95.90
2015-09-30 494.99 1.80 201.82 94.92
2015-06-30 499.98 4.92 206.47 91.85
2015-03-31 514.86 5.66 210.52 90.61
2014-12-31 530.25 14.73 214.23 90.39
2014-09-30 549.16 20.93 215.18 91.73
2014-06-30 545.62 9.27 217.36 92.82
2014-03-31 562.32 21.78 213.11 94.60
2013-12-31 563.41 21.15 211.47 95.25
2013-09-30 576.78 40.69 202.61 93.64
2013-06-30 588.49 52.88 193.23 93.61
2013-03-31 612.62 44.35 198.83 96.03
2012-12-31 635.70 47.09 205.55 98.88
2012-09-30 749.89 212.36 191.59 97.67
2012-06-30 763.98 190.03 205.65 103.42

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Avid Technology has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Avid Technology used its assets less efficiently than the Europe Tech industry average last year based on Return on Assets.
  • It is difficult to establish if Avid Technology improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Avid Technology's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Tech industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Avid Technology has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AVD Health

 How is Avid Technology's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Avid Technology's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Avid Technology is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Avid Technology's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Avid Technology's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Avid Technology has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Avid Technology Company Filings, last reported 3 months ago.

DB:AVD Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -166.66 222.00 56.10
2018-09-30 -174.14 230.83 50.46
2018-06-30 -176.87 232.06 60.21
2018-03-31 -171.63 209.14 48.02
2017-12-31 -268.57 210.40 57.22
2017-09-30 -270.42 196.37 44.09
2017-06-30 -274.76 194.86 47.43
2017-03-31 -268.94 194.30 47.01
2016-12-31 -269.91 193.80 44.95
2016-09-30 -272.73 193.30 47.72
2016-06-30 -289.00 192.83 50.37
2016-03-31 -303.61 192.13 87.83
2015-12-31 -329.57 100.95 17.90
2015-09-30 -327.61 104.61 21.98
2015-06-30 -338.10 93.50 34.65
2015-03-31 -344.73 0.00 25.49
2014-12-31 -341.07 0.00 25.06
2014-09-30 -341.23 8.00 22.48
2014-06-30 -349.39 5.00 23.05
2014-03-31 -348.89 0.00 22.24
2013-12-31 -359.34 0.00 48.20
2013-09-30 -361.23 0.00 50.23
2013-06-30 -367.73 0.00 56.10
2013-03-31 -377.87 0.00 64.51
2012-12-31 -385.59 0.00 70.39
2012-09-30 349.32 0.00 71.36
2012-06-30 362.31 0.00 59.38
  • Avid Technology has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Avid Technology's debt level has increased considering it has negative shareholder equity.
  • Debt is not well covered by operating cash flow (7.1%, less than 20% of total debt).
  • Avid Technology is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Avid Technology's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Avid Technology has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AVD Dividends

 What is Avid Technology's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Avid Technology dividends.
If you bought €2,000 of Avid Technology shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Avid Technology's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Avid Technology's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:AVD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Europe Tech Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:AVD Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Avid Technology has not reported any payouts.
  • Unable to verify if Avid Technology's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Avid Technology's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Avid Technology has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Avid Technology's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Avid Technology afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Avid Technology has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AVD Management

 What is the CEO of Avid Technology's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jeff Rosica
COMPENSATION $1,664,849
AGE 56
TENURE AS CEO 1.2 years
CEO Bio

Mr. Jeff Rosica has been President of at Avid Technology, Inc. since December 2016 and its Chief Executive Officer since February 25, 2018. He has been Director of Avid Technology, Inc. since March 2018. He also served as its Chief Sales & Marketing Officer since February 4, 2016 until February 25, 2018. Mr. Rosica served as Senior Vice President at Avid Technology, Inc. since February 4, 2016 and served as its Senior Vice President of Worldwide Field Operations from January 2013 to February 4, 2016 and also served as its Secretary and Assistant General Counsel. Mr. Rosica served in various capacities with Grass Valley, LLC from early 2002 until joining Avid Technology and also served its Executive Vice President, Chief Sales and Marketing Officer. Prior to that, Mr. Rosica was Vice President and General Manager of Phillips Broadcast from 1996.

CEO Compensation
  • Jeff's compensation has been consistent with company performance over the past year.
  • Jeff's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Avid Technology management team in years:

0.9
Average Tenure
45.5
Average Age
  • The average tenure for the Avid Technology management team is less than 2 years, this suggests a new team.
Management Team

Jeff Rosica

TITLE
President
COMPENSATION
$2M
AGE
56
TENURE
1.2 yrs

Jason Duva

TITLE
Executive VP and Chief Legal & Administrative Officer
COMPENSATION
$937K
AGE
45
TENURE
0.9 yrs

Dana Ruzicka

TITLE
Senior VP & Chief Product Officer
COMPENSATION
$810K
AGE
46
TENURE
3.7 yrs

Ken Gayron

TITLE
Executive VP & CFO
AGE
48
TENURE
0.9 yrs

Ryan Murray

TITLE
Chief Accounting Officer
AGE
41
TENURE
5.5 yrs

Tim Claman

TITLE
CTO & VP of Product Management
TENURE
0.9 yrs

Whit Rappole

TITLE
Vice President of Investor Relations

Robert Roose

TITLE
Director of Corporate Development

Melissa Puls

TITLE
Chief Marketing Officer & Senior VP
AGE
44
TENURE
0.8 yrs

Diana Brunelle

TITLE
Chief Human Resources Officer & VP
TENURE
0.9 yrs
Board of Directors Tenure

Average tenure and age of the Avid Technology board of directors in years:

3.8
Average Tenure
54
Average Age
  • The tenure for the Avid Technology board of directors is about average.
Board of Directors

Peter Westley

TITLE
Chairman of the Board
AGE
54
TENURE
1.3 yrs

Jeff Rosica

TITLE
President
COMPENSATION
$2M
AGE
56
TENURE
1.1 yrs

Nancy Hawthorne

TITLE
Director
COMPENSATION
$223K
AGE
67
TENURE
21.5 yrs

Bob Bakish

TITLE
Independent Director
COMPENSATION
$190K
AGE
54
TENURE
9.5 yrs

John Wallace

TITLE
Director
COMPENSATION
$155K
AGE
52
TENURE
1.9 yrs

Elizabeth Daley

TITLE
Independent Director
COMPENSATION
$188K
AGE
75
TENURE
14.2 yrs

John Park

TITLE
Independent Director
COMPENSATION
$182K
AGE
51
TENURE
6.9 yrs

Paula Boggs

TITLE
Director
COMPENSATION
$183K
AGE
59
TENURE
3.8 yrs

Dan Silvers

TITLE
Director
AGE
42
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
08. Apr 19 Sell Cove Street Capital, LLC Company 02. Apr 19 05. Apr 19 -896,240 €7.68 €-6,711,960
01. Apr 19 Sell Cove Street Capital, LLC Company 21. Feb 19 01. Apr 19 -1,056,669 €7.08 €-6,367,957
01. Apr 19 Buy Cove Street Capital, LLC Company 01. Feb 19 21. Feb 19 183,428 €23.26 €1,747,960
30. Aug 18 Sell Peter Ennis Individual 30. Aug 18 30. Aug 18 -8,600 €5.08 €-43,713
X
Management checks
We assess Avid Technology's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Avid Technology has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AVD News

Simply Wall St News

AVD Company Info

Description

Avid Technology, Inc. develops, markets, sells, and supports software, hardware, and integrated solutions for video and audio content creation, management, and distribution worldwide. The company’s video products and solutions include the Media Composer, which is used to edit video content, such as television programming, commercials, and films; Avid NEXIS shared storage systems; and Maestro product line solutions for the integration of virtual sets, augmented reality, and video wall control into existing workflows. Its audio products and solutions include Pro Tools digital audio software solutions to facilitate the audio production process, including music and sound creation, recording, editing, signal processing, integrated surround mixing and mastering, and reference video playback; Sibelius, which allows users to create, edit, and publish musical scores; S6 that offers complementary control surfaces and consoles; and VENUE | S6L live-sound systems. The company also provides Avid Link, a mobile application to connect with other artists, producers, mixers, composers, editors, videographers, movie makers, and graphic designers; FastServe video server that assists broadcasters in making the move to UHD and IP based workflows with a new and modular architecture; and hardware products, such as I/O devices, interfaces, and audio and video processing equipment. In addition, it offers various service contracts and support plans; professional services, such as workflow design and consulting, program and project management, system installation and commissioning, and custom development and role-based product level training; and public and private training to customers and alliance partners, as well as develops and licenses curriculum content for use by third party Avid Learning partners to deliver training to customers, users, and alliance partners. Avid Technology, Inc. was incorporated in 1987 and is headquartered in Burlington, Massachusetts.

Details
Name: Avid Technology, Inc.
AVD
Exchange: DB
Founded: 1987
$289,067,123
42,000,870
Website: http://www.avid.com
Address: Avid Technology, Inc.
75 Network Drive,
Burlington,
Massachusetts, 01803,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS AVID Common Stock Nasdaq Global Select US USD 12. Mar 1993
DB AVD Common Stock Deutsche Boerse AG DE EUR 12. Mar 1993
Number of employees
Current staff
Staff numbers
1,446
Avid Technology employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 20:35
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/09
Last earnings filing: 2019/03/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.