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Avon Products

NYSE:AVP
Snowflake Description

Moderate growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AVP
NYSE
$2B
Market Cap
  1. Home
  2. US
  3. Household
Company description

Avon Products, Inc. manufactures and markets beauty and related products in Europe, the Middle East, Africa, south Latin America, north Latin America, and the Asia Pacific. The last earnings update was 43 days ago. More info.


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  • Avon Products has significant price volatility in the past 3 months.
AVP Share Price and Events
7 Day Returns
-0.5%
NYSE:AVP
0.1%
US Personal Products
0.5%
US Market
1 Year Returns
143.3%
NYSE:AVP
1%
US Personal Products
0.8%
US Market
AVP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Avon Products (AVP) -0.5% 21.7% 30.8% 143.3% -5% -74.4%
US Personal Products 0.1% 2.1% 5.4% 1% 30.5% 44.6%
US Market 0.5% 0.2% 1.1% 0.8% 37.4% 37.5%
1 Year Return vs Industry and Market
  • AVP outperformed the Personal Products industry which returned 1% over the past year.
  • AVP outperformed the Market in United States of America which returned 0.8% over the past year.
Price Volatility
AVP
Industry
5yr Volatility vs Market

AVP Value

 Is Avon Products 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 Products 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 Avon Products.

NYSE:AVP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NYSE:AVP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.7%
Personal Products Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.692 (1 + (1- 19%) (105.75%))
1.191
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.191 * 6.65%)
10.65%

Discounted Cash Flow Calculation for NYSE:AVP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Avon Products 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.

NYSE:AVP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.65%)
2019 22.10 Analyst x2 19.97
2020 124.58 Analyst x4 101.74
2021 159.30 Analyst x1 117.58
2022 288.30 Analyst x1 192.31
2023 403.84 Est @ 40.08% 243.45
2024 520.44 Est @ 28.87% 283.54
2025 629.88 Est @ 21.03% 310.13
2026 727.77 Est @ 15.54% 323.83
2027 812.89 Est @ 11.7% 326.89
2028 886.11 Est @ 9.01% 322.03
Present value of next 10 years cash flows $2,241.48
NYSE:AVP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $886.11 × (1 + 2.73%) ÷ (10.65% – 2.73%)
$11,490.75
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $11,490.75 ÷ (1 + 10.65%)10
$4,175.95
NYSE:AVP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,241.48 + $4,175.95
$6,417.43
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $6,417.43 / 449.87
$14.27
NYSE:AVP Discount to Share Price
Calculation Result
Value per share (USD) From above. $14.27
Current discount Discount to share price of $3.82
= -1 x ($3.82 - $14.27) / $14.27
73.2%

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

Current Discount
Amount off the current price Avon Products is available for.
Intrinsic value
>50%
Share price is $3.82 vs Future cash flow value of $14.27
Current Discount Checks
For Avon Products to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Avon Products's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Avon Products'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 Avon Products's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Avon Products's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:AVP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.11
NYSE:AVP Share Price ** NYSE (2019-06-14) in USD $3.82
United States of America Personal Products Industry PE Ratio Median Figure of 20 Publicly-Listed Personal Products Companies 22.16x
United States of America Market PE Ratio Median Figure of 3,091 Publicly-Listed Companies 17.68x

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

** Primary Listing of Avon Products.

NYSE:AVP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:AVP Share Price ÷ EPS (both in USD)

= 3.82 ÷ -0.11

-36.1x

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

  • Avon Products is loss making, we can't compare its value to the US Personal Products industry average.
  • Avon Products is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Avon Products's expected growth come at a high price?
Raw Data
NYSE:AVP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -36.1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
65.8%per year
United States of America Personal Products Industry PEG Ratio Median Figure of 6 Publicly-Listed Personal Products Companies 1.42x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.52x

*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 Avon Products, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Avon Products's assets?
Raw Data
NYSE:AVP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $-2.14
NYSE:AVP Share Price * NYSE (2019-06-14) in USD $3.82
United States of America Personal Products Industry PB Ratio Median Figure of 46 Publicly-Listed Personal Products Companies 4.04x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NYSE:AVP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:AVP Share Price ÷ Book Value per Share (both in USD)

= 3.82 ÷ -2.14

-1.78x

* Primary Listing of Avon Products.

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

  • Avon Products has negative assets, we can't compare the value of its assets to the US Personal Products industry average.
X
Value checks
We assess Avon Products'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 Personal Products 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 Personal Products industry average (and greater than 0)? (1 check)
  5. Avon Products 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.

AVP Future Performance

 How is Avon Products expected to perform in the next 1 to 3 years based on estimates from 5 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
65.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Avon Products expected to grow at an attractive rate?
  • Avon Products's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Avon Products's earnings growth is expected to exceed the United States of America market average.
  • Avon Products's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:AVP Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:AVP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 65.8%
NYSE:AVP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 1.3%
United States of America Personal Products Industry Earnings Growth Rate Market Cap Weighted Average 23.7%
United States of America Personal Products Industry Revenue Growth Rate Market Cap Weighted Average 6.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
NYSE:AVP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:AVP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 5,383 2
2022-12-31 5,362 453 241 3
2021-12-31 5,257 331 124 3
2020-12-31 5,122 241 86 5
2019-12-31 5,076 162 24 5
NYSE:AVP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 5,365 46 -47
2018-12-31 5,571 93 -44
2018-09-30 5,738 167 124
2018-06-30 5,732 151 36
2018-03-31 5,776 250 14
2017-12-31 5,716 263 -1
2017-09-30 5,715 260 -101
2017-06-30 5,706 261 -77
2017-03-31 5,744 213 4
2016-12-31 5,718 60 -111
2016-09-30 5,757 37 -109
2016-06-30 5,784 26 -797

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Avon Products's earnings are expected to grow significantly at over 20% yearly.
  • Avon Products's revenue is expected to grow by 1.3% 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
NYSE:AVP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Avon Products Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:AVP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.53 0.53 0.53 1.00
2021-12-31 0.27 0.27 0.27 1.00
2020-12-31 0.15 0.20 0.10 4.00
2019-12-31 0.03 0.11 -0.04 4.00
NYSE:AVP Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.11
2018-12-31 -0.10
2018-09-30 0.28
2018-06-30 0.08
2018-03-31 0.03
2017-12-31 0.00
2017-09-30 -0.23
2017-06-30 -0.18
2017-03-31 0.01
2016-12-31 -0.25
2016-09-30 -0.25
2016-06-30 -1.83

*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 Avon Products will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Avon Products'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Avon Products 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.

AVP Past Performance

  How has Avon Products 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 Avon Products's growth in the last year to its industry (Personal Products).
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.
  • Avon Products does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Avon Products's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Avon Products's 1-year growth to the US Personal Products industry average as it is not currently profitable.
Earnings and Revenue History
Avon Products'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 Avon Products Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:AVP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 5,364.70 -46.80 2,742.30
2018-12-31 5,571.30 -43.60 2,877.00
2018-09-30 5,738.40 123.70 2,972.90
2018-06-30 5,732.00 36.00 3,076.00
2018-03-31 5,776.00 14.30 3,160.10
2017-12-31 5,715.60 -1.40 3,178.70
2017-09-30 5,714.90 -100.90 3,199.50
2017-06-30 5,705.90 -76.80 3,178.50
2017-03-31 5,744.30 3.80 3,125.70
2016-12-31 5,717.70 -110.60 3,086.00
2016-09-30 5,756.90 -108.90 3,076.10
2016-06-30 5,784.30 -797.10 3,163.00
2016-03-31 5,914.90 -798.70 3,259.20
2015-12-31 6,160.50 -784.10 3,382.20
2015-09-30 5,690.80 -1,057.90 3,012.10
2015-06-30 6,392.80 -309.70 3,326.30
2015-03-31 7,016.50 -318.70 3,698.50
2014-12-31 7,648.00 -343.50 4,053.40
2014-09-30 9,177.60 -124.80 5,093.70
2014-06-30 9,362.30 -221.50 5,286.70
2014-03-31 9,682.60 -158.80 5,403.80
2013-12-31 8,496.80 63.60 4,599.80
2013-09-30 10,240.00 29.20 5,535.20
2013-06-30 10,427.70 69.60 5,565.00
2013-03-31 10,477.00 50.50 5,656.50
2012-12-31 10,561.40 89.30 5,766.10
2012-09-30 10,652.90 122.10 5,853.10
2012-06-30 10,904.70 250.50 5,954.50

*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 Avon Products has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Avon Products used its assets less efficiently than the US Personal Products industry average last year based on Return on Assets.
  • It is difficult to establish if Avon Products 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 Avon Products'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 Personal Products 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.
Avon Products 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.

AVP Health

 How is Avon Products'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 Products's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Avon Products's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Avon Products's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Avon Products'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.
  • Avon Products 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 Avon Products Company Filings, last reported 2 months ago.

NYSE:AVP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 -443.20 1,817.30 406.40
2018-12-31 -404.70 1,593.60 532.70
2018-09-30 -317.00 1,647.10 452.60
2018-06-30 -430.70 1,642.30 443.90
2018-03-31 -272.80 1,900.40 772.50
2017-12-31 -246.90 1,897.90 881.50
2017-09-30 -347.50 1,889.10 663.80
2017-06-30 -385.30 1,886.80 633.80
2017-03-31 -358.20 1,895.00 560.00
2016-12-31 -391.50 1,893.90 654.40
2016-09-30 -336.40 2,338.10 901.70
2016-06-30 -397.30 2,188.40 741.50
2016-03-31 -435.70 2,214.00 755.40
2015-12-31 -1,056.40 2,205.70 686.90
2015-09-30 -768.40 2,313.50 624.20
2015-06-30 62.20 2,584.70 729.40
2015-03-31 12.70 2,587.00 693.20
2014-12-31 305.30 2,550.40 957.40
2014-09-30 925.00 2,629.70 863.10
2014-06-30 960.10 2,634.10 810.40
2014-03-31 931.50 2,706.70 825.10
2013-12-31 1,127.50 2,720.70 1,139.60
2013-09-30 1,127.60 2,784.30 842.50
2013-06-30 1,133.00 2,898.00 903.90
2013-03-31 1,195.00 3,635.50 1,510.60
2012-12-31 1,233.30 3,197.50 1,242.90
2012-09-30 1,466.60 3,315.60 1,122.40
2012-06-30 1,439.00 3,537.30 1,311.40
  • Avon Products has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Avon Products's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Avon Products has sufficient cash runway for more than 3 years based on current free cash flow.
  • Avon Products has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -26.3% each year.
X
Financial health checks
We assess Avon Products'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. Avon Products has a total score of 2/6, 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.

AVP Dividends

 What is Avon Products'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 Avon Products dividends. Estimated to be 0% next year.
If you bought $2,000 of Avon Products 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 Avon Products's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Avon Products'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
NYSE:AVP 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 5 Analyst Estimates (S&P Global) See Below
United States of America Personal Products Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America 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.

NYSE:AVP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
NYSE:AVP Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2017-11-02 0.000 0.000
2017-08-03 0.000 0.000
2017-05-04 0.000 0.000
2017-02-22 0.000 0.000
2017-02-16 0.000 0.000
2016-11-03 0.000 0.000
2016-08-02 0.000 0.000
2015-12-17 0.000 0.000
2015-11-04 0.240 7.219
2015-07-30 0.240 5.672
2015-04-30 0.240 3.709
2015-02-12 0.240 2.865
2014-10-30 0.240 2.632
2014-07-31 0.240 1.890
2014-05-01 0.240 1.702
2014-02-13 0.240 1.614
2013-10-31 0.240 1.439
2013-08-01 0.240 1.150
2013-04-30 0.240 1.055
2013-02-12 0.240 1.164
2012-11-01 0.240 1.589
2012-08-01 0.920 5.739
2012-05-03 0.920 5.585
2012-02-14 0.920 4.593
2011-11-02 0.920 5.250
2011-08-01 0.920 4.335
2011-05-05 0.920 3.244
2011-02-03 0.920 3.280
2010-11-02 0.880 3.025
2010-08-03 0.880 2.817
2010-05-06 0.880 3.141
2010-02-09 0.880 2.750
2009-11-04 0.840 2.565
2009-08-03 0.840 2.571

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

  • Unable to perform a dividend volatility check as Avon Products has not reported any payouts.
  • Unable to verify if Avon Products's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Avon Products's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Avon Products has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Avon Products's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Avon Products'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 Avon Products afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Avon Products 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.

AVP Management

 What is the CEO of Avon Products'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
Jan Zijderveld
COMPENSATION $6,092,058
AGE 53
TENURE AS CEO 1.3 years
CEO Bio

Mr. Jan Zijderveld has been Chief Executive Officer and Director of Avon Products, Inc. since February 05, 2018. Mr. Zijderveld served as President of Western Europe at Unilever South Africa (Pty) Ltd. since February 2011. Mr. Zijderveld served as the President of Europe at Unilever Plc, an affiliate of Unilever NV since February 1, 2011. Mr. Zijderveld served as an Executive Vice President of South East Asia and Australasia at Unilever NV from 2008 to 2011 and served as its President of Unilever Western Europe since February 2011. He began his career in marketing in New Zealand and Australia in 1986, before moving to Europe in 1992 to undertake a number of marketing and customer development roles in the Netherlands, Italy and Sweden until 2003, when he became Chairman at Unilever's Nordic business. He joined Unilever as a brand manager. Since then his career with the business has been truly global. From New Zealand, he moved to Sydney, Australia as Logistics Manager for Unilever Food Solutions. Then from 1992, Mr. Zijderveld spent five years in marketing roles at Unilever Netherlands in Rotterdam. In 1997, the role of marketing director combined with the director's role for the European Olive Oil category brought him to Milan, Italy. He served as the President Commissioner of PT Unilever Indonesia Tbk since 2008. He also served as Chairman of Unilever Arabia since 2004. In 2007, he became Chairman of Unilever's Middle East and North Africa-based businesses, representing 20 countries. He was Non-Executive Chairman of Unilever’s listed Indonesian business. He serves as member of the Unilever Executive. Earlier in his career, he served in numerous leadership positions across Europe, Australia and New Zealand in general management, marketing, sales and distribution. Mr. Zijderveld is educated in New Zealand, graduating from the University of Waikato with a general management degree in 1987.

CEO Compensation
  • Insufficient data for Jan to compare compensation growth.
  • Jan's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Avon Products management team in years:

1.4
Average Tenure
48
Average Age
  • The average tenure for the Avon Products management team is less than 2 years, this suggests a new team.
Management Team

Jan Zijderveld

TITLE
CEO & Director
COMPENSATION
$6M
AGE
53
TENURE
1.3 yrs

Miguel Fernandez

TITLE
Executive VP & Global President
COMPENSATION
$3M
AGE
46
TENURE
1.8 yrs

Jonathan Myers

TITLE
Executive VP & COO
COMPENSATION
$2M
AGE
48
TENURE
1.8 yrs

Gustavo Arnal

TITLE
Executive VP & Chief Financial Officer
AGE
48
TENURE
0.4 yrs

Laura Barbrook

TITLE
Principal Accounting Officer
AGE
44
TENURE
1.4 yrs

Heather Payne

TITLE
Chief Technology Officer
TENURE
0.9 yrs

Louise Scott

TITLE
Group VP of Research & Development and Chief Scientific Officer

Connie Weaver

TITLE
Head of Investor Relations

Chris Wermann

TITLE
Group VP & Chief Communications Officer
TENURE
2.4 yrs

Richard Pinnock

TITLE
Group Vice President of Global Sales
TENURE
1.4 yrs
Board of Directors Tenure

Average tenure and age of the Avon Products board of directors in years:

3.3
Average Tenure
63.5
Average Age
  • The tenure for the Avon Products board of directors is about average.
Board of Directors

Chan Galbato

TITLE
Non-Executive Chairman
COMPENSATION
$346K
AGE
55
TENURE
3.3 yrs

Jan Zijderveld

TITLE
CEO & Director
COMPENSATION
$6M
AGE
53
TENURE
1.3 yrs

W. Cornwell

TITLE
Lead Independent Director
COMPENSATION
$334K
AGE
70
TENURE
3.3 yrs

Nancy Killefer

TITLE
Independent Director
COMPENSATION
$208K
AGE
64
TENURE
5.8 yrs

Helen McCluskey

TITLE
Independent Director
COMPENSATION
$205K
AGE
63
TENURE
4.9 yrs

Andy McMaster

TITLE
Director
COMPENSATION
$205K
AGE
65
TENURE
1.1 yrs

Susan Kropf

TITLE
Independent Director
COMPENSATION
$196K
AGE
69
TENURE
4.4 yrs

Michael Sanford

TITLE
Independent Director
COMPENSATION
$202K
AGE
37
TENURE
3.3 yrs

José Armario

TITLE
Independent Director
COMPENSATION
$206K
AGE
58
TENURE
2.8 yrs

Lenard Tessler

TITLE
Independent Director
COMPENSATION
$181K
AGE
65
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. Aug 18 Buy Barington Capital Group, L.P. Company 13. Aug 18 13. Aug 18 100,000 $1.69 $169,090
13. Aug 18 Buy Barington Capital Group, L.P. Company 09. Aug 18 09. Aug 18 500,000 $1.82 $909,650
X
Management checks
We assess Avon Products'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. Avon Products 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.

AVP News

Simply Wall St News

Have Insiders Been Buying Avon Products, Inc. (NYSE:AVP) Shares This Year?

So we'll take a look at whether insiders have been buying or selling shares in Avon Products, Inc. … But equally, we would consider it foolish to ignore insider transactions altogether. … Avon Products Insider Transactions Over The Last Year

Simply Wall St -

One Thing To Remember About The Avon Products, Inc. (NYSE:AVP) Share Price

(NYSE:AVP), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

What Is Avon Products Inc's (NYSE:AVP) Share Price Doing?

Avon Products Inc (NYSE:AVP), which is in the personal products business, and is based in United Kingdom,. … A question to answer is whether Avon Products's current trading price of $1.97 reflective of the actual value of the? … Let’s take a look at Avon Products’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Do Institutions Own Avon Products Inc (NYSE:AVP) Shares?

The big shareholder groups in Avon Products Inc (NYSE:AVP) have power over the company. … Generally speaking, as a company grows, institutions will increase their ownership. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

What Does Avon Products Inc's (NYSE:AVP) PE Ratio Tell You?

Avon Products Inc (NYSE:AVP) trades with a trailing P/E of 39x, which is higher than the industry average of 22.8x. … I will break down what the P/E ratio is, how to interpret it and what to watch out for … Check out our latest analysis for Avon Products

Simply Wall St -

Is It Time To Buy Avon Products Inc (NYSE:AVP)?

Avon Products Inc (NYSE:AVP), a personal products company based in United Kingdom,. … With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Today I will analyse the most recent data on Avon Products’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

What Do Avon Products Inc (NYSE:AVP) Insiders Know That You Don't?

manufactures and markets beauty and related products in Europe, the Middle East, Africa, south Latin America, north Latin America, and the Asia Pacific. … Avon Products's insiders have invested. … A well-known argument is that insiders investing more in their own companies’ shares sends an optimistic signal

Simply Wall St -

Who Are Avon Products Inc's (NYSE:AVP) Major Shareholders?

I am going to take a deep dive into Avon Products Inc’s (NYSE:AVP) most recent ownership structure, not a frequent subject of discussion among individual investors. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. … NYSE:AVP Ownership Summary July 16th 18

Simply Wall St -

Is Avon Products Inc's (NYSE:AVP) Future Growth Already Accounted For In Today's Price?

Avon Products Inc (NYSE:AVP) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of $1.54 is based on unrealistic expectations. … Let’s look into this by assessing AVP's expected growth over the next few years. … Avon Products is poised for extremely high earnings growth in the near future

Simply Wall St -

Investors Are Undervaluing Avon Products Inc (NYSE:AVP) By 30%

Today, I will calculate the stock's intrinsic value by taking the foreast future cash flows of the company and discounting them back to today's value. … 5-year cash flow forecast 2018 2019 2020 2021 2022 Levered FCF ($, Millions) $101.90 $207.40 $214.00 $180.16 $151.67 Source Analyst x3 Analyst x3 Analyst x1 Extrapolated @ (-15.81%) Extrapolated @ (-15.81%) Present Value Discounted @ 10.41% $92.29 $170.13 $158.99 $121.22 $92.43 Present Value of 5-year Cash Flow (PVCF)= $635 After calculating the present value of future cash flows in the intial 5-year period we need to calculate the Terminal Value, which accounts for all the future cash flows beyond the first stage. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = $152 × (1 + 2.5%) ÷ (10.4% – 2.5%) = $1,957 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = $1,957 / ( 1 + 10.4%)5 = $1,193 The total value is the sum of cash flows for the next five years and the discounted terminal value, which results in the Total Equity Value, which in this case is $1,828.

Simply Wall St -

AVP Company Info

Description

Avon Products, Inc. manufactures and markets beauty and related products in Europe, the Middle East, Africa, south Latin America, north Latin America, and the Asia Pacific. The company offers beauty products, including skincare, fragrance, and color cosmetics; and fashion and home products, such as fashion jewelry, watches, apparel, footwear, accessories, gift and decorative products, housewares, entertainment and leisure products, children’s products, and nutritional products. It sells its products through direct selling by representatives, who are independent contractors. The company was founded in 1886 and is headquartered in London, the United Kingdom.

Details
Name: Avon Products, Inc.
AVP
Exchange: NYSE
Founded: 1886
$1,718,487,684
449,865,886
Website: http://www.avonworldwide.com
Address: Avon Products, Inc.
Building 6,
Chiswick Park,
London,
Greater London, W4 5HR,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE AVP Common Stock New York Stock Exchange US USD 02. Jan 1968
DB AVP Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
LSE 0HK8 Common Stock London Stock Exchange GB USD 02. Jan 1968
SNSE AVP Common Stock Santiago Stock Exchange CL USD 02. Jan 1968
BMV AVP * Common Stock Bolsa Mexicana de Valores MX MXN 02. Jan 1968
BOVESPA AVON34 BDR REPR 1/2 COM STK NPV Bolsa de Valores de Sao Paulo BR BRL 05. Oct 2011
Number of employees
Current staff
Staff numbers
23,000
Avon Products employees.
Industry
Personal Products
Household
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 23:33
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/05/25
Last earnings filing: 2019/05/03
Last earnings reported: 2019/03/31
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.