Avnet, Inc., a technology solutions company, markets, sells, and distributes electronic components.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$37.84|
|52 Week High||US$24.30|
|52 Week Low||US$45.43|
|1 Month Change||2.77%|
|3 Month Change||-5.38%|
|1 Year Change||36.51%|
|3 Year Change||1.45%|
|5 Year Change||-9.00%|
|Change since IPO||138.36%|
Recent News & Updates
A Look At The Intrinsic Value Of Avnet, Inc. (NASDAQ:AVT)
In this article we are going to estimate the intrinsic value of Avnet, Inc. ( NASDAQ:AVT ) by taking the expected...
Should You Think About Buying Avnet, Inc. (NASDAQ:AVT) Now?
Avnet, Inc. ( NASDAQ:AVT ), might not be a large cap stock, but it received a lot of attention from a substantial price...
We Think Avnet (NASDAQ:AVT) Can Stay On Top Of Its Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
|AVT||US Electronic||US Market|
Return vs Industry: AVT exceeded the US Electronic industry which returned 35.2% over the past year.
Return vs Market: AVT exceeded the US Market which returned 31.1% over the past year.
Stable Share Price: AVT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: AVT's weekly volatility (3%) has been stable over the past year.
About the Company
Avnet, Inc., a technology solutions company, markets, sells, and distributes electronic components. The company operates through two segments, Electronic Components and Farnell. The Electronic Components segment markets, sells, and distributes semiconductors; interconnect, passive, and electromechanical devices; and other integrated components from electronic component manufacturers.
Avnet Fundamentals Summary
|AVT fundamental statistics|
Is AVT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AVT income statement (TTM)|
|Cost of Revenue||US$17.29b|
Last Reported Earnings
Jul 03, 2021
Next Earnings Date
Oct 28, 2021
|Earnings per share (EPS)||1.94|
|Net Profit Margin||0.99%|
How did AVT perform over the long term?See historical performance and comparison
2.5%Current Dividend Yield
Is Avnet undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AVT ($37.84) is trading below our estimate of fair value ($76.99)
Significantly Below Fair Value: AVT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AVT is good value based on its PE Ratio (19.5x) compared to the US Electronic industry average (20.6x).
PE vs Market: AVT is poor value based on its PE Ratio (19.5x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: AVT is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: AVT is good value based on its PB Ratio (0.9x) compared to the US Electronic industry average (2.7x).
How is Avnet forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AVT's forecast earnings growth (15.1% per year) is above the savings rate (2%).
Earnings vs Market: AVT's earnings (15.1% per year) are forecast to grow faster than the US market (15.1% per year).
High Growth Earnings: AVT's earnings are forecast to grow, but not significantly.
Revenue vs Market: AVT's revenue (3.2% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: AVT's revenue (3.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AVT's Return on Equity is forecast to be low in 3 years time (8.6%).
How has Avnet performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AVT has a large one-off loss of $99.6M impacting its July 3 2021 financial results.
Growing Profit Margin: AVT became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: AVT's earnings have declined by 31.5% per year over the past 5 years.
Accelerating Growth: AVT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: AVT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electronic industry (44.3%).
Return on Equity
High ROE: AVT's Return on Equity (4.7%) is considered low.
How is Avnet's financial position?
Financial Position Analysis
Short Term Liabilities: AVT's short term assets ($7.2B) exceed its short term liabilities ($3.1B).
Long Term Liabilities: AVT's short term assets ($7.2B) exceed its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: AVT's debt to equity ratio (29.7%) is considered satisfactory.
Reducing Debt: AVT's debt to equity ratio has reduced from 53.2% to 29.7% over the past 5 years.
Debt Coverage: AVT's debt is not well covered by operating cash flow (7.5%).
Interest Coverage: AVT's interest payments on its debt are well covered by EBIT (4.2x coverage).
What is Avnet current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AVT's dividend (2.54%) is higher than the bottom 25% of dividend payers in the US market (1.27%).
High Dividend: AVT's dividend (2.54%) is low compared to the top 25% of dividend payers in the US market (3.49%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, AVT has been paying a dividend for less than 10 years.
Growing Dividend: AVT's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (43.7%), AVT's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AVT's dividends in 3 years are forecast to be well covered by earnings (22.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Phil Gallagher (60 yo)
Mr. Philip R. Gallagher, also known as Phil, has been the Chief Executive Officer of Avnet, Inc. since November 23, 2020 and serves as its Director Since November 2020. He serves as Member of Executive Boa...
CEO Compensation Analysis
Compensation vs Market: Phil's total compensation ($USD6.15M) is about average for companies of similar size in the US market ($USD5.16M).
Compensation vs Earnings: Phil's compensation has been consistent with company performance over the past year.
Experienced Management: AVT's management team is considered experienced (3.7 years average tenure).
Experienced Board: AVT's board of directors are considered experienced (3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AVT insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Avnet, Inc.'s employee growth, exchange listings and data sources
- Name: Avnet, Inc.
- Ticker: AVT
- Exchange: NasdaqGS
- Founded: 1921
- Industry: Technology Distributors
- Sector: Tech
- Market Cap: US$3.764b
- Shares outstanding: 99.48m
- Website: https://www.avnet.com
Number of Employees
- Avnet, Inc.
- 2211 South 47th Street
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/22 22:55|
|End of Day Share Price||2021/10/22 00:00|
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.