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Avnet NasdaqGS:AVT Stock Report

Last Price

US$53.07

Market Cap

US$4.6b

7D

-2.0%

1Y

5.2%

Updated

23 Dec, 2024

Data

Company Financials +

Avnet, Inc.

NasdaqGS:AVT Stock Report

Market Cap: US$4.6b

AVT Stock Overview

Distributes electronic component technology. More details

AVT fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance2/6
Financial Health3/6
Dividends5/6

Rewards

Trading at 95% below our estimate of its fair value

Earnings are forecast to grow 23.27% per year

Pays a reliable dividend of 2.5%

Trading at good value compared to peers and industry

Risk Analysis

Interest payments are not well covered by earnings

Profit margins (1.5%) are lower than last year (3%)


My Notes

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WA
Analyst Price Target
Consensus Narrative from 6 Analysts

Cost Reduction And AI Initiatives Will Fuel Future Success

Key Takeaways Cost reduction and digital automation initiatives at Avnet are expected to improve net margins and enhance market share. Expansion in AI-related projects in Asia Pacific and strategic share buybacks aim to drive revenue and boost EPS.
View narrative
US$54.17
FV
2.7% undervalued intrinsic discount
3.44%
Revenue growth p.a.
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5 days ago author updated this narrative

Avnet, Inc. Competitors

Ingram Micro Holding

NYSE:INGM

US$4.7b

Insight Enterprises

NasdaqGS:NSIT

US$4.9b

Arrow Electronics

NYSE:ARW

US$6.0b

ePlus

NasdaqGS:PLUS

US$2.0b

Price History & Performance

Summary of share price highs, lows and changes for Avnet
Historical stock prices
Current Share PriceUS$53.07
52 Week HighUS$59.24
52 Week LowUS$43.62
Beta1.16
1 Month Change-2.53%
3 Month Change-0.038%
1 Year Change5.21%
3 Year Change28.50%
5 Year Change25.11%
Change since IPO645.34%

Recent News & Updates

Avnet: Declining Demand And Escalating Competition Pose Challenges Ahead

Nov 07

Recent updates

Avnet: Declining Demand And Escalating Competition Pose Challenges Ahead

Nov 07

Avnet (NASDAQ:AVT) Seems To Be Using A Lot Of Debt

Oct 24
Avnet (NASDAQ:AVT) Seems To Be Using A Lot Of Debt

Improved Earnings Required Before Avnet, Inc. (NASDAQ:AVT) Shares Find Their Feet

Oct 09
Improved Earnings Required Before Avnet, Inc. (NASDAQ:AVT) Shares Find Their Feet

Slowing Rates Of Return At Avnet (NASDAQ:AVT) Leave Little Room For Excitement

Sep 06
Slowing Rates Of Return At Avnet (NASDAQ:AVT) Leave Little Room For Excitement

Avnet's (NASDAQ:AVT) Shareholders Will Receive A Bigger Dividend Than Last Year

Aug 22
Avnet's (NASDAQ:AVT) Shareholders Will Receive A Bigger Dividend Than Last Year

Avnet: Requires A Few More Quarters Before Reaching The Trough

Jul 02

Benign Growth For Avnet, Inc. (NASDAQ:AVT) Underpins Its Share Price

Jul 01
Benign Growth For Avnet, Inc. (NASDAQ:AVT) Underpins Its Share Price

What Does Avnet, Inc.'s (NASDAQ:AVT) Share Price Indicate?

Jun 15
What Does Avnet, Inc.'s (NASDAQ:AVT) Share Price Indicate?

Avnet (NASDAQ:AVT) Seems To Be Using A Lot Of Debt

May 23
Avnet (NASDAQ:AVT) Seems To Be Using A Lot Of Debt

Avnet, Inc. (NASDAQ:AVT) Just Reported And Analysts Have Been Cutting Their Estimates

May 08
Avnet, Inc. (NASDAQ:AVT) Just Reported And Analysts Have Been Cutting Their Estimates

Avnet (NASDAQ:AVT) Might Have The Makings Of A Multi-Bagger

Apr 24
Avnet (NASDAQ:AVT) Might Have The Makings Of A Multi-Bagger

Why Investors Shouldn't Be Surprised By Avnet, Inc.'s (NASDAQ:AVT) Low P/E

Mar 21
Why Investors Shouldn't Be Surprised By Avnet, Inc.'s (NASDAQ:AVT) Low P/E

Is Avnet, Inc. (NASDAQ:AVT) Trading At A 30% Discount?

Feb 22
Is Avnet, Inc. (NASDAQ:AVT) Trading At A 30% Discount?

Avnet: Worsening Financial Performance With No Imminent Signs Of Recovery

Feb 03

Avnet (NASDAQ:AVT) Takes On Some Risk With Its Use Of Debt

Feb 01
Avnet (NASDAQ:AVT) Takes On Some Risk With Its Use Of Debt

Should You Investigate Avnet, Inc. (NASDAQ:AVT) At US$49.18?

Jan 03
Should You Investigate Avnet, Inc. (NASDAQ:AVT) At US$49.18?

Avnet, Inc.'s (NASDAQ:AVT) Earnings Are Not Doing Enough For Some Investors

Dec 20
Avnet, Inc.'s (NASDAQ:AVT) Earnings Are Not Doing Enough For Some Investors

Should You Be Adding Avnet (NASDAQ:AVT) To Your Watchlist Today?

Dec 07
Should You Be Adding Avnet (NASDAQ:AVT) To Your Watchlist Today?

Increases to CEO Compensation Might Be Put On Hold For Now at Avnet, Inc. (NASDAQ:AVT)

Nov 10
Increases to CEO Compensation Might Be Put On Hold For Now at Avnet, Inc. (NASDAQ:AVT)

Returns On Capital Are Showing Encouraging Signs At Avnet (NASDAQ:AVT)

Nov 08
Returns On Capital Are Showing Encouraging Signs At Avnet (NASDAQ:AVT)

Here's Why Avnet (NASDAQ:AVT) Has A Meaningful Debt Burden

Oct 11
Here's Why Avnet (NASDAQ:AVT) Has A Meaningful Debt Burden

What Does Avnet, Inc.'s (NASDAQ:AVT) Share Price Indicate?

Sep 27
What Does Avnet, Inc.'s (NASDAQ:AVT) Share Price Indicate?

We Ran A Stock Scan For Earnings Growth And Avnet (NASDAQ:AVT) Passed With Ease

Sep 01
We Ran A Stock Scan For Earnings Growth And Avnet (NASDAQ:AVT) Passed With Ease

Is Avnet, Inc. (NASDAQ:AVT) Trading At A 35% Discount?

Aug 01
Is Avnet, Inc. (NASDAQ:AVT) Trading At A 35% Discount?

Investors Will Want Avnet's (NASDAQ:AVT) Growth In ROCE To Persist

Jul 20
Investors Will Want Avnet's (NASDAQ:AVT) Growth In ROCE To Persist

Does Avnet (NASDAQ:AVT) Have A Healthy Balance Sheet?

Jul 03
Does Avnet (NASDAQ:AVT) Have A Healthy Balance Sheet?

Is It Too Late To Consider Buying Avnet, Inc. (NASDAQ:AVT)?

Jun 21
Is It Too Late To Consider Buying Avnet, Inc. (NASDAQ:AVT)?

If EPS Growth Is Important To You, Avnet (NASDAQ:AVT) Presents An Opportunity

May 26
If EPS Growth Is Important To You, Avnet (NASDAQ:AVT) Presents An Opportunity

The Return Trends At Avnet (NASDAQ:AVT) Look Promising

Apr 03
The Return Trends At Avnet (NASDAQ:AVT) Look Promising

Avnet (NASDAQ:AVT) Has A Somewhat Strained Balance Sheet

Mar 21
Avnet (NASDAQ:AVT) Has A Somewhat Strained Balance Sheet

Estimating The Fair Value Of Avnet, Inc. (NASDAQ:AVT)

Mar 08
Estimating The Fair Value Of Avnet, Inc. (NASDAQ:AVT)

At US$45.43, Is Avnet, Inc. (NASDAQ:AVT) Worth Looking At Closely?

Feb 22
At US$45.43, Is Avnet, Inc. (NASDAQ:AVT) Worth Looking At Closely?

We Ran A Stock Scan For Earnings Growth And Avnet (NASDAQ:AVT) Passed With Ease

Jan 07
We Ran A Stock Scan For Earnings Growth And Avnet (NASDAQ:AVT) Passed With Ease

Returns At Avnet (NASDAQ:AVT) Are On The Way Up

Dec 20
Returns At Avnet (NASDAQ:AVT) Are On The Way Up

Shareholder Returns

AVTUS ElectronicUS Market
7D-2.0%-4.0%-2.7%
1Y5.2%17.7%23.4%

Return vs Industry: AVT underperformed the US Electronic industry which returned 17.7% over the past year.

Return vs Market: AVT underperformed the US Market which returned 23.4% over the past year.

Price Volatility

Is AVT's price volatile compared to industry and market?
AVT volatility
AVT Average Weekly Movement3.7%
Electronic Industry Average Movement6.4%
Market Average Movement6.3%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.2%

Stable Share Price: AVT has not had significant price volatility in the past 3 months compared to the US market.

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

About the Company

FoundedEmployeesCEOWebsite
192115,462Phil Gallagherwww.avnet.com

Avnet, Inc., distributes electronic component technology. The company operates through two segments, Electronic Components and Farnell. The Electronic Components segment markets, sells, and distributes semiconductors; interconnect, passive, and electromechanical components; and other integrated components from electronic component manufacturers.

Avnet, Inc. Fundamentals Summary

How do Avnet's earnings and revenue compare to its market cap?
AVT fundamental statistics
Market capUS$4.61b
Earnings (TTM)US$348.39m
Revenue (TTM)US$23.03b

13.2x

P/E Ratio

0.2x

P/S Ratio

Is AVT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AVT income statement (TTM)
RevenueUS$23.03b
Cost of RevenueUS$20.40b
Gross ProfitUS$2.63b
Other ExpensesUS$2.28b
EarningsUS$348.39m

Last Reported Earnings

Sep 28, 2024

Next Earnings Date

n/a

Earnings per share (EPS)4.01
Gross Margin11.40%
Net Profit Margin1.51%
Debt/Equity Ratio58.7%

How did AVT perform over the long term?

See historical performance and comparison

Dividends

2.5%

Current Dividend Yield

32%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 19:47
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/28
Annual Earnings2024/06/29

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Avnet, Inc. is covered by 21 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ishan MajumdarBaptista Research
Ruplu BhattacharyaBofA Global Research
Ananda BaruahBrean Capital