AVX Corporation, together with its subsidiaries, manufactures, supplies, and resells various electronic components, interconnect devices, sensing and control devices, and related products worldwide.
Flawless balance sheet average dividend payer.
Share Price & News
How has AVX's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AX6's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: AX6 matched the German Electronic industry which returned 13.4% over the past year.
Return vs Market: AX6 matched the German Market which returned 15.1% over the past year.
Price Volatility Vs. Market
How volatile is AVX's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is AVX undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AX6 (€18.7) is trading above our estimate of fair value (€6.95)
Significantly Below Fair Value: AX6 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AX6 is good value based on its PE Ratio (16.9x) compared to the Electronic industry average (34.4x).
PE vs Market: AX6 is good value based on its PE Ratio (16.9x) compared to the German market (20.9x).
Price to Earnings Growth Ratio
PEG Ratio: AX6's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: AX6 is good value based on its PB Ratio (1.4x) compared to the DE Electronic industry average (1.8x).
How is AVX forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AX6's earnings are forecast to decline over the next 3 years (-20% per year).
Earnings vs Market: AX6's earnings are forecast to decline over the next 3 years (-20% per year).
High Growth Earnings: AX6's earnings are forecast to decline over the next 3 years.
Revenue vs Market: AX6's revenue is expected to decline over the next 3 years (-3.2% per year).
High Growth Revenue: AX6's revenue is forecast to decline over the next 3 years (-3.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if AX6's Return on Equity is forecast to be high in 3 years time
How has AVX performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AX6 has high quality earnings.
Growing Profit Margin: AX6's current net profit margins (13.2%) are higher than last year (13%).
Past Earnings Growth Analysis
Earnings Trend: AX6's earnings have grown by 2.8% per year over the past 5 years.
Accelerating Growth: AX6's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AX6 had negative earnings growth (-12.2%) over the past year, making it difficult to compare to the Electronic industry average (-3.9%).
Return on Equity
High ROE: AX6's Return on Equity (8.4%) is considered low.
Return on Assets
Return on Capital Employed
How is AVX's financial position?
Financial Position Analysis
Short Term Liabilities: AX6's short term assets ($1.7B) exceed its short term liabilities ($252.9M).
Long Term Liabilities: AX6's short term assets ($1.7B) exceed its long term liabilities ($122.2M).
Debt to Equity History and Analysis
Debt Level: AX6 is debt free.
Reducing Debt: AX6 has not had any debt for past 5 years.
Debt Coverage: AX6 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: AX6 has no debt, therefore coverage of interest payments is not a concern.
Inventory Level: AX6 has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if AX6's debt is covered by short term assets.
What is AVX's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: AX6's dividend (2.24%) is higher than the bottom 25% of dividend payers in the German market (1.31%).
High Dividend: AX6's dividend (2.24%) is low compared to the top 25% of dividend payers in the German market (3.59%).
Stability and Growth of Payments
Stable Dividend: AX6's dividends per share have been stable in the past 10 years.
Growing Dividend: AX6's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (37.8%), AX6's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
John Sarvis (69yo)
Mr. John Sarvis has been the Chief Executive Officer and President of AVX Corp. since April 1, 2015 and has been its Chairman of the Board since July 25, 2016. Mr. Sarvis joined AVX Corporation in 1973. Mr ...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD1.35M) is below average for companies of similar size in the German market ($USD2.02M).
Compensation vs Earnings: John's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Senior VP||1.6yrs||US$673.60k||0.0026% $84.0k|
|Senior VP & CTO||5.8yrs||US$945.50k||0.0054% $172.6k|
|Senior VP||3.6yrs||US$975.14k||0.0084% $269.8k|
|Senior VP & COO||1.8yrs||no data||0.016% $520.0k|
|Senior Vice President of Marketing||2.8yrs||no data||0.010% $331.1k|
|Senior Vice President of Sales||1.8yrs||no data||0.0037% $120.3k|
|Senior Vice President of Global Human Resources||0.6yrs||no data||0.0015% $48.1k|
|Senior Vice President of Tantalum Products||4.5yrs||no data||0.014% $464.8k|
|Senior Vice President of Connector Products||2.8yrs||no data||0.016% $529.0k|
Experienced Management: AX6's management team is considered experienced (2.8 years average tenure).
|Director Emeritus||3.6yrs||no data||no data|
|Presiding Director||12.1yrs||US$136.13k||0.0033% $105.2k|
|Independent Director||12.6yrs||US$136.13k||0.0024% $77.0k|
|Independent Director||1yrs||US$20.00k||no data|
Experienced Board: AX6's board of directors are considered experienced (3.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
AVX Corporation's company bio, employee growth, exchange listings and data sources
- Name: AVX Corporation
- Ticker: AX6
- Exchange: DB
- Founded: 1972
- Industry: Electronic Components
- Sector: Tech
- Market Cap: US$3.463b
- Listing Market Cap: US$3.208b
- Shares outstanding: 169.18m
- Website: https://www.avx.com
Number of Employees
- AVX Corporation
- One AVX Boulevard
- Fountain Inn
- South Carolina
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AVX||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Aug 1995|
|AX6||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Aug 1995|
AVX Corporation, together with its subsidiaries, manufactures, supplies, and resells various electronic components, interconnect devices, sensing and control devices, and related products worldwide. The company operates through Electronic Components; and Interconnect, Sensing and Control Devices segments. The Electronic Components segment primarily offers surface mount and leaded ceramic capacitors, RF thick and thin film components, surface mount and leaded tantalum capacitors, surface mount and leaded film capacitors, ceramic and film power capacitors, super capacitors, EMI filters, thick and thin film packages of various electronic integrated components, varistors, thermistors, inductors, and resistive products. The Interconnect, Sensing and Control Devices segment provides automotive sensing and control devices, as well as automotive, telecom, and memory connectors. The company serves various industries, such as telecommunications, information technology hardware, automotive electronics, medical devices and instrumentation, industrial instrumentation, transportation, energy harvesting, defense and aerospace electronic systems, and consumer electronics industries. It markets its products through its direct sales force and independent manufacturers’ representatives to multi-national original equipment manufacturers, independent electronic component distributors, and electronic manufacturing service providers. The company was founded in 1972 and is headquartered in Fountain Inn, South Carolina. AVX Corporation is a subsidiary of Kyocera Corporation.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/19 22:11|
|End of Day Share Price||2020/02/19 00:00|
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.