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Avast

OTCPK:AVAS.F
Snowflake Description

Fair value second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AVAS.F
OTCPK
£3B
Market Cap
  1. Home
  2. US
  3. Software
Company description

Avast Plc and its subsidiaries provide digital security products under the Avast and AVG brands worldwide. The last earnings update was 8 days ago. More info.


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AVAS.F Share Price and Events
7 Day Returns
0%
OTCPK:AVAS.F
2.4%
US Software
1.2%
US Market
1 Year Returns
-
OTCPK:AVAS.F
25.6%
US Software
3%
US Market
AVAS.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Avast (AVAS.F) 0% - - - - -
US Software 2.4% 5.5% 19.8% 25.6% 110.4% 139.4%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • No trading data on AVAS.F.
  • No trading data on AVAS.F.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Avast 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 Avast 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 Avast.

OTCPK:AVAS.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.6%
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 OTCPK:AVAS.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.141 (1 + (1- 19%) (36.84%))
1.322
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.32
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.322 * 5.96%)
10.61%

Discounted Cash Flow Calculation for OTCPK:AVAS.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Avast 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.

OTCPK:AVAS.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.61%)
2019 288.97 Analyst x3 261.24
2020 351.43 Analyst x3 287.24
2021 362.88 Est @ 3.26% 268.14
2022 374.13 Est @ 3.1% 249.94
2023 385.32 Est @ 2.99% 232.71
2024 396.53 Est @ 2.91% 216.51
2025 407.86 Est @ 2.86% 201.33
2026 419.36 Est @ 2.82% 187.15
2027 431.07 Est @ 2.79% 173.92
2028 443.02 Est @ 2.77% 161.60
Present value of next 10 years cash flows $2,239.78
OTCPK:AVAS.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $443.02 × (1 + 2.73%) ÷ (10.61% – 2.73%)
$5,774.61
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $5,774.61 ÷ (1 + 10.61%)10
$2,106.32
OTCPK:AVAS.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,239.78 + $2,106.32
$4,346.11
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $4,346.11 / 954.02
$3.46
OTCPK:AVAS.F Discount to Share Price
Calculation Result
Exchange Rate USD/GBP
(Reporting currency to currency of LSE:AVST)
0.757
Value per Share
(GBP)
= Value per Share in USD x Exchange Rate (USD/GBP)
= $4.56 x 0.757
£3.45
Non-primary Listing Adjustment Factor 1 share in OTCPK:AVAS.F represents 1.31546x of LSE:AVST
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.31546x
Value per Share
(Listing Adjusted, USD)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 3.45 x 1.31546
$4.54
Value per share (USD) From above. $4.54
Current discount Discount to share price of $3.96
= -1 x ($3.96 - $4.54) / $4.54
12.7%

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

Current Discount
Amount off the current price Avast is available for.
Intrinsic value
13%
Share price is $3.96 vs Future cash flow value of $4.54
Current Discount Checks
For Avast to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Avast's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Avast's share price is below the future cash flow value, but not 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 Avast's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Avast's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:AVAS.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.26
LSE:AVST Share Price ** LSE (2019-02-21) in GBP £3.01
LSE:AVST Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.321 $3.98
United States of America Software Industry PE Ratio Median Figure of 84 Publicly-Listed Software Companies 53.03x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

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

** Primary Listing of Avast.

OTCPK:AVAS.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:AVST Share Price ÷ EPS (both in USD)

= 3.98 ÷ 0.26

15.09x

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

  • Avast is good value based on earnings compared to the US Software industry average.
  • Avast is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Avast's expected growth come at a high price?
Raw Data
OTCPK:AVAS.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
-13.1%per year
United States of America Software Industry PEG Ratio Median Figure of 66 Publicly-Listed Software Companies 3.6x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

OTCPK:AVAS.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.09x ÷ -13.1%

-1.15x

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

  • Avast earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Avast's assets?
Raw Data
OTCPK:AVAS.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.94
LSE:AVST Share Price * LSE (2019-02-21) in GBP £3.01
LSE:AVST Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.321 $3.98
United States of America Software Industry PB Ratio Median Figure of 220 Publicly-Listed Software Companies 5.84x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
OTCPK:AVAS.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:AVST Share Price ÷ Book Value per Share (both in USD)

= 3.98 ÷ 0.94

4.22x

* Primary Listing of Avast.

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

  • Avast is good value based on assets compared to the US Software industry average.
X
Value checks
We assess Avast'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 Software 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 Software industry average (and greater than 0)? (1 check)
  5. Avast has a total score of 3/6, 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.

Future Performance

 How is Avast expected to perform in the next 1 to 3 years based on estimates from 6 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
-13.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Avast expected to grow at an attractive rate?
  • Avast's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Avast's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Avast's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:AVAS.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:AVAS.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts -13.1%
OTCPK:AVAS.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 6.5%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 16.1%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 10.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
OTCPK:AVAS.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:AVAS.F Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 975 2
2020-12-31 932 423 208 5
2019-12-31 867 358 171 6
OTCPK:AVAS.F Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 808 376 241
2018-06-30 748 343 178
2018-03-31 700 325 72
2017-12-31 653 307 -34
2016-12-31 341 225 25

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Avast's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Avast's revenue is expected to grow by 6.5% 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
OTCPK:AVAS.F 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 6 Analyst Estimates (S&P Global) See Below

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

OTCPK:AVAS.F Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.25 0.25 0.25 1.00
2020-12-31 0.22 0.23 0.21 3.00
2019-12-31 0.19 0.20 0.18 3.00
OTCPK:AVAS.F Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.26
2018-06-30 0.19
2018-03-31 0.08
2017-12-31 -0.65
2016-12-31 0.26

*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.
  • Avast is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Avast'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.
Avast 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.

Past Performance

  How has Avast 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 Avast's growth in the last year to its industry (Software).
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.
  • Insufficient data to establish if Avast's year on year earnings growth rate was positive over the past 5 years.
  • Avast has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Avast has become profitable in the last year making it difficult to compare the US Software industry average.
Earnings and Revenue History
Avast'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 Avast Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:AVAS.F Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 808.30 241.20 249.70 68.90
2018-06-30 747.50 178.00 205.20 68.70
2018-03-31 700.20 72.10 197.80 70.50
2017-12-31 652.90 -33.80 190.40 72.30
2016-12-31 340.70 24.60 91.30 37.40
2015-12-31 251.00 71.50 54.10 23.70

*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.
  • Whilst Avast has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Avast used its assets more efficiently than the US Software industry average last year based on Return on Assets.
  • Avast's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Avast'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 Software 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.
Avast has a total score of 1/6, 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.

Health

 How is Avast'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 Avast's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Avast's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Avast's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Avast'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.3x 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.
Raw Data

All data from Avast Company Filings, last reported 2 months ago.

OTCPK:AVAS.F Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 900.40 1,392.50 272.70
2018-06-30 810.30 1,434.50 152.30
2018-03-31 810.30 1,434.50 152.30
2017-12-31 435.10 1,785.90 177.30
2016-12-31 724.50 1,560.10 242.70
2015-12-31 694.30 263.90 141.60
  • Avast's level of debt (154.7%) compared to net worth is high (greater than 40%).
  • Unable to establish if Avast's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (27%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Avast'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. Avast has a total score of 1/6, 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.

Dividends

 What is Avast'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
2.16%
Current annual income from Avast dividends. Estimated to be 3.25% next year.
If you bought $2,000 of Avast shares you are expected to receive $43 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?
  • Avast's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Avast's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
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
OTCPK:AVAS.F 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 6 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 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 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:AVAS.F Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.15 2.00
2020-12-31 0.12 5.00
2019-12-31 0.13 3.00
OTCPK:AVAS.F Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-13 0.086 2.165

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

  • It is too early to tell whether Avast has stable dividend payments.
  • Avast only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Avast's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess Avast'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 Avast afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Avast has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Avast'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
Vincent Steckler
AGE 60
CEO Bio

Mr. Vincent Steckler has been the Chief Executive Officer at Avast Software B.V since 2009 and Avast Holding B.V. since January 2009. Mr. Steckler also serves as Chief Executive Officer & director at Avast Plc. He served as Senior Vice President of Worldwide Consumer Sales at Symantec Corp. He served as the Vice President of Japan and Asia Pacific for Symantec Corp. since May 2004 and Vice President of Asia Pacific since 2003. He was responsible for the strategic development and operations of Symantec Corp. across the region. He was instrumental in growing the Asia Pacific markets and increasing its importance in Symantec's global business. Prior to joining the Asia Pacfic team, Mr. Steckler spent two years as Vice President, Public Sector for North America. Responsible for the overall management of education and government sales at both the federal and state level, he was instrumental in building Symantec's public sector sales into one of the fastest growing segments within the enterprise security business. Prior to joining Symantec, he served as the Vice President of Enterprise Solutions at Logicon. While at Logicon, he started and managed software resale business unit, building it into a successful US$200 million a year business. He has been a Director of AVAST Software B.V since 2009 and Avast Holding B.V. since January 2009. Mr. Steckler holds a B.S. in Mathematics and a B.S. in Information and Computer Science from the University of California.

CEO Compensation
  • Insufficient data for Vincent to compare compensation growth.
  • Insufficient data for Vincent to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Vincent Steckler

TITLE
Chief Executive Officer and Director
AGE
60

Peter Russell

TITLE
Director of Investor Relations

Stephanie Kane

TITLE
Vice President of PR & Corporate Communications

Ondrej Vlcek

TITLE
President of Consumer
AGE
41

Kevin Chapman

TITLE
Senior VP & GM of Avast Business Division
Board of Directors

John Schwarz

TITLE
Chairman of the Board
AGE
67

Vincent Steckler

TITLE
Chief Executive Officer and Director
AGE
60

Ernie Gunst

TITLE
Non-Executive Director
AGE
58

Ulf Claesson

TITLE
Director

Belinda Richards

TITLE
Independent Non-Executive Director
AGE
59
TENURE
0.8 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 ($) Value ($)
X
Management checks
We assess Avast'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. Avast 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.

News

Simply Wall St News

Company Info

Description

Avast Plc and its subsidiaries provide digital security products under the Avast and AVG brands worldwide. It operates through two segments, Consumer and Small and Medium Business (SMB). The company offers products and solutions for protection, performance, privacy, and additional tools for desktop security, server protection, and mobile device protection; and big data and marketing analytics, as well as provides security solutions designed for small businesses. Its security products provide protection against cyber threats, including protection against viruses and other types of malware, network-based attacks, privacy controls, and password and identity management. The company also offers value-added solutions for personal computers and mobile devices focusing on performance and privacy, such as optimization products, VPN products, password manager products, and family safety products. It primarily sells its consumer products directly online and primarily sells its SMB products through resellers and distributors. The company was founded in 1988 and is headquartered in Prague, the Czech Republic.

Details
Name: Avast Plc
AVAS.F
Exchange: OTCPK
Founded: 1988
£3,779,547,879
954,020,877
Website: http://www.avast.com
Address: Avast Plc
Pikrtova 1737/1A,
Prague 4,
Prague,
140 00,
Czech Republic
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE AVST Ordinary Shares London Stock Exchange GB GBP 10. May 2018
OTCPK AVAS.F Ordinary Shares Pink Sheets LLC US USD 10. May 2018
DB AV2 Ordinary Shares Deutsche Boerse AG DE EUR 10. May 2018
SEP AVST Ordinary Shares The Stock Exchange Prague Co. Ltd. CZ CZK 10. May 2018
BATS-CHIXE AVSTL Ordinary Shares BATS 'Chi-X Europe' GB GBP 10. May 2018
Number of employees
Current staff
Staff numbers
1,581
Avast employees.
Industry
Systems Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 01:16
End of day share price update: 2019/02/21 00:00
Last estimates confirmation: 2019/03/19
Last earnings filing: 2019/03/13
Last earnings reported: 2018/12/31
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.