| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 1/6 |
| Past Performance | 4/6 |
| Financial Health | 4/6 |
| Dividends | 4/6 |
AVY Overview
Avery Dennison Corporation manufactures and markets pressure-sensitive materials in the United States, Europe, Asia, Latin America, and internationally.
Rewards
Risk Analysis
Avery Dennison Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$218.51 |
| 52 Week High | US$115.77 |
| 52 Week Low | US$228.88 |
| Beta | 1.01 |
| 1 Month Change | -0.27% |
| 3 Month Change | 4.72% |
| 1 Year Change | 86.19% |
| 3 Year Change | 102.66% |
| 5 Year Change | 183.60% |
| Change since IPO | 1,239.53% |
Recent News & Updates
Shareholder Returns
| AVY | US Packaging | US Market | |
|---|---|---|---|
| 7D | -1.3% | -0.8% | -0.5% |
| 1Y | 86.2% | 36.7% | 37.5% |
Return vs Industry: AVY exceeded the US Packaging industry which returned 35.6% over the past year.
Return vs Market: AVY exceeded the US Market which returned 36.2% over the past year.
Price Volatility
| AVY volatility | |
|---|---|
| AVY Beta | 1.01 |
| Industry Beta | 0.94 |
| Market Beta | 1 |
Stable Share Price: AVY is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: AVY's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1935 | 31,840 | Mitch Butier | https://www.averydennison.com |
Avery Dennison Corporation manufactures and markets pressure-sensitive materials in the United States, Europe, Asia, Latin America, and internationally. The company’s Label and Graphic Materials segment offers pressure-sensitive label and packaging materials; and graphics and reflective products under the Fasson, JAC, Avery Dennison, and Mactac brands, as well as durable cast and reflective films. It provides its products to the home and personal care, beer and beverage, durables, pharmaceutical, wine and spirits, and food market segments; architectural, commercial sign, digital printing, and other related market segments; construction, automotive, and fleet transportation market segments, as well as traffic and safety applications; and sign shops, commercial printers, and designers.
Avery Dennison Fundamentals Summary
| AVY fundamental statistics | |
|---|---|
| Market Cap | US$17.69b |
| Earnings (TTM) | US$735.30m |
| Revenue (TTM) | US$7.87b |
24.6x
P/E Ratio2.3x
P/S RatioIs AVY overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| AVY income statement (TTM) | |
|---|---|
| Revenue | US$7.87b |
| Cost of Revenue | US$5.64b |
| Gross Profit | US$2.23b |
| Expenses | US$1.49b |
| Earnings | US$735.30m |
Last Reported Earnings
Jul 03, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 8.84 |
| Gross Margin | 28.31% |
| Net Profit Margin | 9.34% |
| Debt/Equity Ratio | 122.0% |
How did AVY perform over the long term?
See historical performance and comparisonDividends
1.2%
Current Dividend Yield28%
Payout RatioValuation
Is Avery Dennison undervalued compared to its fair value and its price relative to the market?
24.63x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AVY ($218.51) is trading above our estimate of fair value ($187.46)
Significantly Below Fair Value: AVY is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AVY is poor value based on its PE Ratio (24.6x) compared to the US Packaging industry average (19.3x).
PE vs Market: AVY is poor value based on its PE Ratio (24.6x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
PEG Ratio: AVY is poor value based on its PEG Ratio (15.7x)
Price to Book Ratio
PB vs Industry: AVY is overvalued based on its PB Ratio (10.6x) compared to the US Packaging industry average (3.3x).
Future Growth
How is Avery Dennison forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
1.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AVY's forecast earnings growth (1.6% per year) is below the savings rate (2%).
Earnings vs Market: AVY's earnings (1.6% per year) are forecast to grow slower than the US market (14.9% per year).
High Growth Earnings: AVY's earnings are forecast to grow, but not significantly.
Revenue vs Market: AVY's revenue (5.6% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: AVY's revenue (5.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AVY's Return on Equity is forecast to be high in 3 years time (36.2%)
Past Performance
How has Avery Dennison performed over the past 5 years?
15.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AVY has high quality earnings.
Growing Profit Margin: AVY's current net profit margins (9.3%) are higher than last year (7.7%).
Past Earnings Growth Analysis
Earnings Trend: AVY's earnings have grown by 15.6% per year over the past 5 years.
Accelerating Growth: AVY's earnings growth over the past year (41%) exceeds its 5-year average (15.6% per year).
Earnings vs Industry: AVY earnings growth over the past year (41%) underperformed the Packaging industry 41%.
Return on Equity
High ROE: Whilst AVY's Return on Equity (43.16%) is outstanding, this metric is skewed due to their high level of debt.
Financial Health
How is Avery Dennison's financial position?
Financial Position Analysis
Short Term Liabilities: AVY's short term assets ($2.7B) exceed its short term liabilities ($2.1B).
Long Term Liabilities: AVY's short term assets ($2.7B) exceed its long term liabilities ($2.6B).
Debt to Equity History and Analysis
Debt Level: AVY's debt to equity ratio (122%) is considered high.
Reducing Debt: AVY's debt to equity ratio has increased from 118.5% to 122% over the past 5 years.
Debt Coverage: AVY's debt is well covered by operating cash flow (50.2%).
Interest Coverage: AVY's interest payments on its debt are well covered by EBIT (16.7x coverage).
Balance Sheet
Dividend
What is Avery Dennison current dividend yield, its reliability and sustainability?
1.24%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AVY's dividend (1.24%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: AVY's dividend (1.24%) is low compared to the top 25% of dividend payers in the US market (3.63%).
Stability and Growth of Payments
Stable Dividend: AVY's dividends per share have been stable in the past 10 years.
Growing Dividend: AVY's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (28.3%), AVY's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AVY's dividends in 3 years are forecast to be well covered by earnings (31.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.1yrs
Average management tenure
CEO
Mitch Butier (50 yo)
5.33yrs
Tenure
US$8,709,348
Compensation
Mr. Mitchell R. Butier, also known as Mitch, has been the Chief Executive Officer of Avery Dennison Corporation since May 1, 2016 and as its President since November 1, 2014 and has been its Chairman of th...
CEO Compensation Analysis
Compensation vs Market: Mitch's total compensation ($USD8.71M) is about average for companies of similar size in the US market ($USD11.36M).
Compensation vs Earnings: Mitch's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: AVY's management team is seasoned and experienced (5.1 years average tenure).
Board Members
Experienced Board: AVY's board of directors are considered experienced (8.7 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
Avery Dennison Corporation's employee growth, exchange listings and data sources
Key Information
- Name: Avery Dennison Corporation
- Ticker: AVY
- Exchange: NYSE
- Founded: 1935
- Industry: Paper Packaging
- Sector: Materials
- Market Cap: US$17.686b
- Shares outstanding: 82.88m
- Website: https://www.averydennison.com
Number of Employees
Location
- Avery Dennison Corporation
- 207 Goode Avenue
- Glendale
- California
- 91203
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/23 22:55 |
| End of Day Share Price | 2021/09/23 00:00 |
| Earnings | 2021/07/03 |
| Annual Earnings | 2021/01/02 |
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.