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AVNT

AvientNYSE:AVNT Stock Report

Last Price

US$54.01

Market Cap

US$4.9b

7D

-2.7%

1Y

26.1%

Updated

18 Jan, 2022

Data

Company Financials +
AVNT fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance5/6
Financial Health3/6
Dividends5/6

AVNT Stock Overview

Avient Corporation provides specialized polymer materials, services, and solutions in the United States, Canada, Mexico, Europe, South America, and Asia.

Avient Competitors

Sherwin-Williams

NYSE:SHW

US$79.7b

Ashland Global Holdings

NYSE:ASH

US$5.8b

Innospec

NasdaqGS:IOSP

US$2.4b

Honeywell International

NasdaqGS:HON

US$147.0b

Price History & Performance

Summary of all time highs, changes and price drops for Avient
Historical stock prices
Current Share PriceUS$54.01
52 Week HighUS$61.46
52 Week LowUS$36.69
Beta1.64
1 Month Change1.93%
3 Month Change3.25%
1 Year Change26.07%
3 Year Change72.83%
5 Year Change62.73%
Change since IPO476.11%

Recent News & Updates

Nov 26
Does Avient (NYSE:AVNT) Have A Healthy Balance Sheet?

Does Avient (NYSE:AVNT) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Nov 11
Is It Time To Consider Buying Avient Corporation (NYSE:AVNT)?

Is It Time To Consider Buying Avient Corporation (NYSE:AVNT)?

Avient Corporation ( NYSE:AVNT ), is not the largest company out there, but it saw a significant share price rise of...

Nov 04

Avient: Dividend Growth And Capital Appreciation With Plenty Of Upside

AVNT recently pushed its 52-week price point to a new high. The dividend was increased 12% which matches the five-year average increase of 12.1%. Raw material, supply chain risk, and shortage of qualified employees are the primary risk faced by AVNT. Major businesses have made promises to shift their products to 100% recyclable or compostable by 2025, which will increase demand for AVNT services/products.

Shareholder Returns

AVNTUS ChemicalsUS Market
7D-2.7%-2.2%-3.5%
1Y26.1%13.0%10.2%

Return vs Industry: AVNT exceeded the US Chemicals industry which returned 15.3% over the past year.

Return vs Market: AVNT exceeded the US Market which returned 13.7% over the past year.

Price Volatility

Is AVNT's price volatile compared to industry and market?
AVNT volatility
AVNT Average Weekly Movement4.4%
Chemicals Industry Average Movement5.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market2.4%

Stable Share Price: AVNT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: AVNT's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18858,400Bob Pattersonhttps://www.avient.com

Avient Corporation provides specialized polymer materials, services, and solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates in three segments: Color, Additives and Inks; Specialty Engineered Materials; and Distribution. The Color, Additives and Inks segment offers specialized color and additive concentrates in solid and liquid form for thermoplastics; dispersions for thermosets; and specialty inks, plastisols, and vinyl slush molding solutions.

Avient Fundamentals Summary

How do Avient's earnings and revenue compare to its market cap?
AVNT fundamental statistics
Market CapUS$4.94b
Earnings (TTM)US$275.20m
Revenue (TTM)US$4.61b

18.0x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AVNT income statement (TTM)
RevenueUS$4.61b
Cost of RevenueUS$3.48b
Gross ProfitUS$1.13b
ExpensesUS$857.10m
EarningsUS$275.20m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 08, 2022

Earnings per share (EPS)3.01
Gross Margin24.54%
Net Profit Margin5.96%
Debt/Equity Ratio104.4%

How did AVNT perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

28%

Payout Ratio

Valuation

Is Avient undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AVNT ($54.01) is trading below our estimate of fair value ($138.15)

Significantly Below Fair Value: AVNT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AVNT is good value based on its PE Ratio (18x) compared to the US Chemicals industry average (21.8x).

PE vs Market: AVNT is poor value based on its PE Ratio (18x) compared to the US market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: AVNT is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: AVNT is overvalued based on its PB Ratio (2.8x) compared to the US Chemicals industry average (2.6x).


Future Growth

How is Avient forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

13.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AVNT's forecast earnings growth (13.7% per year) is above the savings rate (2%).

Earnings vs Market: AVNT's earnings (13.7% per year) are forecast to grow faster than the US market (13% per year).

High Growth Earnings: AVNT's earnings are forecast to grow, but not significantly.

Revenue vs Market: AVNT's revenue (5.9% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: AVNT's revenue (5.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AVNT's Return on Equity is forecast to be low in 3 years time (18.8%).


Past Performance

How has Avient performed over the past 5 years?

0.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AVNT has high quality earnings.

Growing Profit Margin: AVNT's current net profit margins (6%) are higher than last year (2.2%).


Past Earnings Growth Analysis

Earnings Trend: AVNT's earnings have grown by 0.8% per year over the past 5 years.

Accelerating Growth: AVNT's earnings growth over the past year (328.7%) exceeds its 5-year average (0.8% per year).

Earnings vs Industry: AVNT earnings growth over the past year (328.7%) exceeded the Chemicals industry 17.5%.


Return on Equity

High ROE: AVNT's Return on Equity (15.5%) is considered low.


Financial Health

How is Avient's financial position?


Financial Position Analysis

Short Term Liabilities: AVNT's short term assets ($1.8B) exceed its short term liabilities ($961.8M).

Long Term Liabilities: AVNT's short term assets ($1.8B) do not cover its long term liabilities ($2.3B).


Debt to Equity History and Analysis

Debt Level: AVNT's net debt to equity ratio (73.9%) is considered high.

Reducing Debt: AVNT's debt to equity ratio has reduced from 166.6% to 104.4% over the past 5 years.

Debt Coverage: AVNT's debt is not well covered by operating cash flow (14.1%).

Interest Coverage: AVNT's interest payments on its debt are well covered by EBIT (7.4x coverage).


Balance Sheet


Dividend

What is Avient current dividend yield, its reliability and sustainability?

1.76%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AVNT's dividend (1.76%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: AVNT's dividend (1.76%) is low compared to the top 25% of dividend payers in the US market (3.44%).


Stability and Growth of Payments

Stable Dividend: AVNT's dividends per share have been stable in the past 10 years.

Growing Dividend: AVNT's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (28.2%), AVNT's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AVNT's dividends in 3 years are forecast to be well covered by earnings (21.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.0yrs

Average management tenure


CEO

Bob Patterson (48 yo)

7.67yrs

Tenure

US$7,009,374

Compensation

Mr. Robert M. Patterson, also known as Bob, has been the Chief Executive Officer and President of Avient Corporation since May 15, 2014 and its Chairman since May 12, 2016. Mr. Patterson serves as Independ...


CEO Compensation Analysis

Compensation vs Market: Bob's total compensation ($USD7.01M) is about average for companies of similar size in the US market ($USD6.40M).

Compensation vs Earnings: Bob's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: AVNT's management team is seasoned and experienced (6 years average tenure).


Board Members

Experienced Board: AVNT's board of directors are considered experienced (7 years average tenure).


Ownership

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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Avient Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Avient Corporation
  • Ticker: AVNT
  • Exchange: NYSE
  • Founded: 1885
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Implied Market Cap: US$4.941b
  • Shares outstanding: 91.49m
  • Website: https://www.avient.com

Number of Employees


Location

  • Avient Corporation
  • 33587 Walker Road
  • Avon Lake
  • Ohio
  • 44012
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/18 23:50
End of Day Share Price2022/01/18 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.