Avon Rubber
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Avon Rubber p.l.c. designs, manufactures, and sells chemical, biological, radiological, and nuclear respiratory protection systems for military, law enforcement, and fire markets worldwide. The last earnings update was 112 days ago. More info.
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AVON Share Price and Events
7 Day Returns
1 Year Returns
AVON Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Avon Rubber (AVON) | -0.8% | -4.6% | 2.9% | 0% | 51.7% | 102.8% |
| GB Aerospace & Defense | 1.3% | -4.5% | 8.5% | -7.1% | -5.1% | -6.5% |
| GB Market | 2.1% | 2.6% | 9.7% | 3.1% | 17.2% | 4.4% |
1 Year Return vs Industry and Market
- AVON outperformed the Aerospace & Defense industry which returned -7.1% over the past year.
- AVON underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 3.1% over the past year.
AVON Value
Is Avon Rubber 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
Avon Rubber
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Avon Rubber.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 9 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 7.5% |
| Perpetual Growth Rate | 10-Year GB Government Bond Rate | 1.2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year GB Govt Bond Rate | 1.2% |
| Equity Risk Premium | S&P Global | 6.7% |
| Aerospace & Defense Unlevered Beta | Simply Wall St/ S&P Global | 0.91 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.912 (1 + (1- 19%) (0.03%)) |
0.941 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.94 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.941 * 6.65%) |
7.49% |
Discounted Cash Flow Calculation for LSE:AVON using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Avon Rubber 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.
| Levered FCF (GBP, Millions) | Source |
Present Value Discounted (@ 7.49%) |
|
|---|---|---|---|
| 2019 | 19.72 | Analyst x5 | 18.35 |
| 2020 | 20.90 | Analyst x5 | 18.09 |
| 2021 | 21.40 | Analyst x5 | 17.23 |
| 2022 | 21.05 | Est @ -1.65% | 15.77 |
| 2023 | 20.88 | Est @ -0.79% | 14.55 |
| 2024 | 20.84 | Est @ -0.18% | 13.52 |
| 2025 | 20.89 | Est @ 0.24% | 12.60 |
| 2026 | 21.00 | Est @ 0.54% | 11.79 |
| 2027 | 21.16 | Est @ 0.74% | 11.05 |
| 2028 | 21.35 | Est @ 0.89% | 10.37 |
| Present value of next 10 years cash flows | £143.33 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= £21.35 × (1 + 1.23%) ÷ (7.49% – 1.23%) |
£345.30 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= £345.30 ÷ (1 + 7.49%)10 |
£167.77 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= £143.33 + £167.77 |
£311.09 |
| Equity Value per Share (GBP) |
= Total value / Shares Outstanding
= £311.09 / 30.52 |
£10.19 |
| Calculation | Result | |
|---|---|---|
| Value per share (GBP) | From above. | £10.19 |
| Current discount | Discount to share price of
£12.50
= -1 x (£12.50 - £10.19) / £10.19 |
-22.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Avon Rubber is above its future cash flow value.
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 Avon Rubber's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Avon Rubber's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-09-30) in GBP | £0.65 |
| LSE:AVON Share Price ** | LSE (2019-03-22) in GBP | £12.5 |
| United Kingdom of Great Britain and Northern Ireland Aerospace & Defense Industry PE Ratio | Median Figure of 9 Publicly-Listed Aerospace & Defense Companies | 19.34x |
| United Kingdom of Great Britain and Northern Ireland Market PE Ratio | Median Figure of 805 Publicly-Listed Companies | 15.82x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Avon Rubber.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = LSE:AVON Share Price ÷ EPS (both in GBP) = 12.5 ÷ 0.65 |
19.26x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Avon Rubber is good value based on earnings compared to the GB Aerospace & Defense industry average.
- Avon Rubber is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does
Avon Rubber's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 19.26x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts |
0.7%per year |
| United Kingdom of Great Britain and Northern Ireland Aerospace & Defense Industry PEG Ratio | Median Figure of 8 Publicly-Listed Aerospace & Defense Companies | 1.9x |
| United Kingdom of Great Britain and Northern Ireland Market PEG Ratio | Median Figure of 575 Publicly-Listed Companies | 1.37x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 19.26x ÷ 0.7% |
27.91x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Avon Rubber is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Avon Rubber's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-09-30) in GBP | £2.78 |
| LSE:AVON Share Price * | LSE (2019-03-22) in GBP | £12.5 |
| United Kingdom of Great Britain and Northern Ireland Aerospace & Defense Industry PB Ratio | Median Figure of 12 Publicly-Listed Aerospace & Defense Companies | 2.15x |
| United Kingdom of Great Britain and Northern Ireland Market PB Ratio | Median Figure of 1,360 Publicly-Listed Companies | 1.5x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = LSE:AVON Share Price ÷ Book Value per Share (both in GBP) = 12.5 ÷ 2.78 |
4.5x |
* Primary Listing of Avon Rubber.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Avon Rubber is overvalued based on assets compared to the GB Aerospace & Defense industry average.
Value checks
We assess Avon Rubber's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Aerospace & Defense industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Aerospace & Defense industry average (and greater than 0)? (1 check) Avon Rubber has a total score of 1/6, 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.
AVON Future Performance
How is Avon Rubber expected to perform in the next 1 to 3 years based on estimates from 9 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!
Earnings growth vs Low Risk Savings
- Avon Rubber's earnings growth is positive but not above the low risk savings rate of 1.2%.
Growth vs Market Checks
- Avon Rubber's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
- Avon Rubber's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| LSE:AVON Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts | 0.7% |
| LSE:AVON Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts | 2.9% |
| United Kingdom of Great Britain and Northern Ireland Aerospace & Defense Industry Earnings Growth Rate | Market Cap Weighted Average | 11.9% |
| United Kingdom of Great Britain and Northern Ireland Aerospace & Defense Industry Revenue Growth Rate | Market Cap Weighted Average | 5.1% |
| United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate | Market Cap Weighted Average | 11.1% |
| United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate | Market Cap Weighted Average | 5% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (5 months ago) | See Below |
| Future Estimates | Average of up to 9 Analyst Estimates (S&P Global) | See Below |
| Date (Data in GBP Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-09-30 | 188 | 2 | ||
| 2021-09-30 | 179 | 32 | 20 | 5 |
| 2020-09-30 | 178 | 31 | 20 | 9 |
| 2019-09-30 | 171 | 29 | 19 | 9 |
| Date (Data in GBP Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-09-30 | 166 | 31 | 20 |
| 2018-06-30 | 162 | 32 | 21 |
| 2018-03-31 | 162 | 33 | 23 |
| 2017-12-31 | 163 | 33 | 22 |
| 2017-09-30 | 159 | 33 | 22 |
| 2017-03-31 | 156 | 31 | 19 |
| 2016-12-31 | 149 | 31 | 18 |
| 2016-09-30 | 143 | 30 | 18 |
| 2016-03-31 | 138 | 23 | 15 |
| 2015-12-31 | 136 | 20 | 15 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (5 months ago) | See Below |
| Future Estimates | Average of up to 9 Analyst Estimates (S&P Global) | See Below |
All data from Avon Rubber Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in GBP Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-09-30 | ||||
| 2021-09-30 | 0.70 | 0.76 | 0.66 | 3.00 |
| 2020-09-30 | 0.69 | 0.76 | 0.65 | 4.00 |
| 2019-09-30 | 0.66 | 0.70 | 0.62 | 4.00 |
| Date (Data in GBP Millions) | EPS * |
|---|---|
| 2018-09-30 | 0.65 |
| 2018-06-30 | 0.70 |
| 2018-03-31 | 0.74 |
| 2017-12-31 | 0.72 |
| 2017-09-30 | 0.72 |
| 2017-03-31 | 0.62 |
| 2016-12-31 | 0.61 |
| 2016-09-30 | 0.59 |
| 2016-03-31 | 0.50 |
| 2015-12-31 | 0.50 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Avon Rubber's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Avon Rubber has a total score of 1/6, 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.
AVON Past Performance
How has Avon Rubber 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
Past Earnings growth analysis
- Avon Rubber's year on year earnings growth rate has been positive over the past 5 years.
- Avon Rubber's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Avon Rubber's 1-year earnings growth is negative, it can't be compared to the GB Aerospace & Defense industry average.
Earnings and Revenue History
All data from Avon Rubber Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in GBP Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-09-30 | 165.50 | 19.80 | 43.00 | |
| 2018-06-30 | 161.75 | 21.30 | 40.45 | |
| 2018-03-31 | 162.00 | 22.50 | 38.30 | |
| 2017-12-31 | 162.60 | 22.00 | 39.30 | |
| 2017-09-30 | 159.20 | 21.80 | 39.90 | |
| 2017-03-31 | 155.50 | 18.80 | 39.90 | |
| 2016-12-31 | 149.20 | 18.35 | 38.00 | |
| 2016-09-30 | 142.90 | 17.90 | 36.10 | |
| 2016-03-31 | 137.80 | 15.04 | 31.61 | |
| 2015-12-31 | 136.06 | 15.10 | 29.24 | |
| 2015-09-30 | 134.32 | 15.17 | 26.86 | |
| 2015-03-31 | 126.11 | 13.44 | 23.16 | |
| 2014-12-31 | 125.44 | 12.12 | 24.17 | |
| 2014-09-30 | 124.78 | 10.81 | 25.19 | |
| 2014-06-30 | 125.77 | 10.01 | 25.04 | |
| 2014-03-31 | 126.75 | 9.21 | 24.90 | |
| 2013-12-31 | 125.80 | 9.03 | 22.63 | |
| 2013-09-30 | 124.85 | 8.84 | 20.36 | |
| 2013-06-30 | 120.72 | 8.56 | 20.42 | |
| 2013-03-31 | 116.59 | 8.28 | 20.48 | |
| 2012-12-31 | 111.62 | 8.06 | 19.87 | |
| 2012-09-30 | 106.64 | 7.83 | 19.26 | |
| 2012-06-30 | 107.93 | 7.59 | 19.03 | |
| 2012-03-31 | 109.22 | 7.34 | 18.81 |
*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.
- Avon Rubber has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
- Avon Rubber used its assets more efficiently than the GB Aerospace & Defense industry average last year based on Return on Assets.
- Avon Rubber's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Avon Rubber's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Aerospace & Defense industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Avon Rubber has a total score of 3/6, 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.
AVON Health
How is Avon Rubber'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 Avon Rubber's finances.
The net worth of a company is the difference between its assets and liabilities.
- Avon Rubber is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Avon Rubber's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 938x debt.
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.
All data from Avon Rubber Company Filings, last reported 5 months ago.
| Date (Data in GBP Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-09-30 | 84.80 | 0.10 | 46.60 |
| 2018-06-30 | 84.80 | 0.10 | 46.60 |
| 2018-03-31 | 61.90 | 1.30 | 40.40 |
| 2017-12-31 | 61.90 | 1.30 | 40.40 |
| 2017-09-30 | 55.60 | 1.80 | 26.50 |
| 2017-03-31 | 48.00 | 2.20 | 14.80 |
| 2016-12-31 | 48.00 | 2.20 | 14.80 |
| 2016-09-30 | 42.00 | 2.50 | 4.50 |
| 2016-03-31 | 47.89 | 9.24 | 0.82 |
| 2015-12-31 | 47.89 | 9.24 | 0.82 |
| 2015-09-30 | 42.20 | 13.49 | 0.33 |
| 2015-03-31 | 32.73 | 0.00 | 7.27 |
| 2014-12-31 | 32.73 | 0.00 | 7.27 |
| 2014-09-30 | 25.02 | 0.00 | 2.93 |
| 2014-06-30 | 25.02 | 0.00 | 2.93 |
| 2014-03-31 | 28.29 | 5.76 | 0.22 |
| 2013-12-31 | 28.29 | 5.76 | 0.22 |
| 2013-09-30 | 20.70 | 11.06 | 0.18 |
| 2013-06-30 | 20.70 | 11.06 | 0.18 |
| 2013-03-31 | 31.03 | 11.39 | 1.52 |
| 2012-12-31 | 31.03 | 11.39 | 1.52 |
| 2012-09-30 | 23.90 | 8.90 | 0.18 |
| 2012-06-30 | 23.90 | 8.90 | 0.18 |
| 2012-03-31 | 24.82 | 9.85 | 0.08 |
- Avon Rubber's level of debt (0.1%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (52.9% vs 0.1% today).
- Debt is well covered by operating cash flow (31400%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 226x coverage).
Financial health checks
We assess Avon Rubber's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Avon Rubber has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
AVON Dividends
What is Avon Rubber'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
If you bought
£2,000 of
Avon Rubber
shares you are expected to receive
£26
in your first year as a dividend.
Dividend Amount
- Avon Rubber's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.05%).
- Avon Rubber's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.22%).
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.
| 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 9 Analyst Estimates (S&P Global) | See Below |
| United Kingdom of Great Britain and Northern Ireland Aerospace & Defense Industry Average Dividend Yield | Market Cap Weighted Average of 9 Stocks | 4% |
| United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield | Market Cap Weighted Average of 704 Stocks | 4.3% |
| United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield | 10th Percentile | 1.1% |
| United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield | 25th Percentile | 2% |
| United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield | 75th Percentile | 5.2% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in £) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2022-09-30 | 0.46 | 1.00 |
| 2021-09-30 | 0.33 | 5.00 |
| 2020-09-30 | 0.27 | 8.00 |
| 2019-09-30 | 0.21 | 9.00 |
| Date (Data in £) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-11-30 | 0.160 | 1.267 |
| 2018-11-14 | 0.160 | 1.201 |
| 2017-11-30 | 0.123 | 0.940 |
| 2017-11-15 | 0.123 | 1.073 |
| 2017-05-16 | 0.104 | 1.043 |
| 2017-01-17 | 0.095 | 0.945 |
| 2015-11-18 | 0.073 | 0.804 |
| 2015-11-17 | 0.073 | 0.669 |
| 2014-11-19 | 0.056 | 0.675 |
| 2013-11-29 | 0.043 | 0.683 |
| 2013-05-01 | 0.038 | 0.785 |
| 2012-11-21 | 0.036 | 0.913 |
| 2012-01-31 | 0.030 | 0.992 |
| 2011-11-23 | 0.030 | 0.970 |
| 2011-05-04 | 0.020 | 0.685 |
| 2011-04-15 | 0.020 | 0.799 |
| 2010-11-24 | 0.030 | 1.347 |
| 2009-05-21 | 0.000 | 0.000 |
| 2009-03-23 | 0.000 | 0.000 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Avon Rubber has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Dividend payments have increased, but Avon Rubber only paid a dividend in the past 8 years.
Income/ dividend checks
We assess Avon Rubber's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Avon Rubber afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Avon Rubber has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
AVON Management
CEO
| COMPENSATION | £804,000 |
| AGE | 44 |
| TENURE AS CEO | 2.1 years |
CEO Bio
Mr. Paul McDonald has been Chief Executive at Avon Rubber p.l.c. since February 15, 2017 and serves as its Director. Mr. McDonald served as the Managing Director of Avon Dairy Solutions at Avon Rubber plc from March 2008 to February 15, 2017. Mr. McDonald was responsible for leading Avon's global dairy business and the continued expansion of the Milk-Rite brand and global distribution network. He also oversees the operations, sales and product development functions. He joined Avon in April 2003 as General Manager of UK Operations. He previously worked in the Automotive sector and gained his first General Management position at the age of 26 with Teleflex Fluid Systems.
CEO Compensation
- Paul's compensation has been consistent with company performance over the past year.
- Paul's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure
Average tenure and age of the Avon Rubber management team in years:
- The tenure for the Avon Rubber management team is about average.
Management Team
Paul McDonald
CEO & Director
£804K
44
2.1 yrs
Nick Keveth
CFO & Director
£463K
48
1.8 yrs
Mike Hamner
Vice President of Operations
47
Mike Harral
Chief Technical Officer
58
7.2 yrs
Miles Ingrey-Counter
General Counsel & Company Secretary
45
11.4 yrs
Gary Dunn
Vice President of Sales & Marketing
62
Leon Klapwijk
President of Avon Protection
James Wilcox
President of Military
Matt Evans
Sales & Marketing Director
59
Craig Sage
Managing Director of Milkrite | Interpuls
Board of Directors Tenure
Average tenure and age of the Avon Rubber board of directors in years:
- The tenure for the Avon Rubber board of directors is about average.
Board of Directors
David Evans
Chairman
£129K
72
7.1 yrs
Paul McDonald
CEO & Director
£804K
44
2.1 yrs
Nick Keveth
CFO & Director
£463K
48
1.8 yrs
Pim R. Vervaat
Senior Independent Director
£51K
53
3.2 yrs
Chloe Ponsonby
Non-Executive Director
£51K
43
3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (£) | Value (£) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 17. Sep 18 | Buy | Nicholas Keveth | Individual | 17. Sep 18 | 17. Sep 18 | 2,202 | £13.88 | £30,573 | ||
| 26. Jul 18 | Buy | Nicholas Keveth | Individual | 26. Jul 18 | 26. Jul 18 | 1,383 | £14.45 | £19,979 | ||
| 26. Jul 18 | Buy | Chloe Ponsonby | Individual | 26. Jul 18 | 26. Jul 18 | 1,400 | £14.45 | £20,230 | ||
| 30. May 18 | Sell | David Evans | Individual | 30. May 18 | 30. May 18 | -5,000 | £14.05 | £-70,250 | ||
| 16. May 18 | Buy | Nicholas Keveth | Individual | 16. May 18 | 16. May 18 | 1,433 | £14.19 | £20,334 | ||
Management checks
We assess Avon Rubber's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Avon Rubber 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.
AVON News
Simply Wall St News
What Should We Expect From Avon Rubber p.l.c.'s (LON:AVON) Earnings In The Years Ahead?
Avon Rubber p.l.c.'s (LON:AVON) announced its latest earnings update in September 2018, whicha
Simply Wall St - – Full articleIs Avon Rubber p.l.c.’s (LON:AVON) Cash Outlook Optimistic?
I’ve analysed below, the health and outlook of Avon Rubber’s cash flow, which will help you understand the stock from a cash standpoint. … Is Avon Rubber generating enough cash. … I will be analysing Avon Rubber’s FCF by looking at its FCF yield and its operating cash flow growth.
Simply Wall St - – Full articleAvon Rubber p.l.c. (LON:AVON): Does The -9.2% Earnings Drop Reflect A Longer Term Trend?
After looking at Avon Rubber p.l.c.'s (LON:AVON) latest earnings announcement (30 September 2018), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … Check out our latest analysis for Avon Rubber. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 18%, indicating the rate at which AVON is growing has slowed down
Simply Wall St - – Full articleA Look At The Intrinsic Value Of Avon Rubber p.l.c. (LON:AVON)
by taking the expected future cash flows and discounting them to their present value. … discounted cash flows (DCF) … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model.
Simply Wall St - – Full articleA Close Look At Avon Rubber p.l.c.’s (LON:AVON) 18% ROCE
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleHave Insiders Been Selling Avon Rubber p.l.c. (LON:AVON) Shares This Year?
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … (LON:AVON), you may well want to know whether insiders have been buying or selling. … It is perfectly legal for company insiders, including board members, to buy and sell stock in a company.
Simply Wall St - – Full articleWhat Do Investors Need To Know About Avon Rubber p.l.c.'s (LON:AVON) Future?
Based on Avon Rubber p.l.c.'s (LON:AVON) earnings update in September 2018, … as a -4.9% fall in profits is expected in the upcoming year
Simply Wall St - – Full articleShould You Be Excited About Avon Rubber p.l.c.'s (LON:AVON) 23% Return On Equity?
Our data shows Avon Rubber has a return on equity of 23% for the last year. … One way to conceptualize this, is that for each £1 of shareholders' equity it has, the company made £0.23 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleDon't Sell Avon Rubber plc (LON:AVON) Before You Read This
To keep it practical, we'll show how Avon Rubber plc's (LON:AVON) P/E ratio could help you assess the value on offer. … Based on the last twelve months, Avon Rubber's P/E ratio is 19.18. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleAvon Rubber plc (LON:AVON): What Can We Expect In The Future?
Avon Rubber plc's (LON:AVON) announced its latest earnings update in September 2018, whicha
Simply Wall St - – Full articleAVON Company Info
Description
Avon Rubber p.l.c. designs, manufactures, and sells chemical, biological, radiological, and nuclear respiratory protection systems for military, law enforcement, and fire markets worldwide. It operates in two segments, Avon Protection and milkrite | InterPuls. The company offers masks and filters with portfolio of respirators, filters, powered, and supplied air and long term pedigree for military contracting and supplying chain; escape hoods; underwater rebreathers; and thermal image camera technology and self-contained breathing apparatus, as well as accessories. It also provides milking point solutions, such as milking cluster technology products, which include liner, tubing, claw, and calf nurser products to remove milk from the animal for dairy farmers; precision air systems within the milking process to maximize the performance and efficiency of the system; control solution, a physical control system of the milking system to provide automation opportunities to minimize labor inputs; and intelligence solution, a critical part of the dairy system, which extracts data from the animal and integrates this within the farm herd management system or dairy management system, as well as farm services offerings, such as clusters, pulsators, and tags to the farm on a lease hire basis. The company was founded in 1885 and is headquartered in Melksham, the United Kingdom.
Details
| Name: | Avon Rubber p.l.c. |
| AVON | |
| Exchange: | LSE |
| Founded: | 1885 |
| £381,550,350 | |
| 30,524,028 | |
| Website: | http://www.avon-rubber.com |
| Address: |
Avon Rubber p.l.c. Hampton Park West, Semington Road, Melksham, Wiltshire, SN12 6NB, United Kingdom |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| LSE | AVON | Ordinary Shares | London Stock Exchange | GB | GBP | 02. Jan 1992 | |
| OTCPK | AVNB.F | Ordinary Shares | Pink Sheets LLC | US | USD | 02. Jan 1992 | |
| BATS-CHIXE | AVONl | Ordinary Shares | BATS 'Chi-X Europe' | GB | GBP | 02. Jan 1992 |
Number of employees
Current staff
Industry
| Aerospace and Defense | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/22 20:35 |
| End of day share price update: | 2019/03/22 00:00 |
| Last estimates confirmation: | 2019/02/12 |
| Last earnings filing: | 2018/11/30 |
| Last earnings reported: | 2018/09/30 |
| Last annual earnings reported: | 2018/09/30 |
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.
