Avnet, Inc., a technology solutions company, markets, sells, and distributes electronic components. More Details
Excellent balance sheet with moderate growth potential.
Share Price & News
How has Avnet's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AVT has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: AVT underperformed the US Electronic industry which returned 5.4% over the past year.
Return vs Market: AVT underperformed the US Market which returned 12.8% over the past year.
Price Volatility Vs. Market
How volatile is Avnet's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StWe Wouldn't Be Too Quick To Buy Avnet, Inc. (NASDAQ:AVT) Before It Goes Ex-Dividend
4 weeks ago | Simply Wall StHow Does Avnet, Inc. (NASDAQ:AVT) Fare As A Dividend Stock?
1 month ago | Simply Wall StAre Insiders Selling Avnet, Inc. (NASDAQ:AVT) Stock?
Is Avnet undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: AVT ($27.06) is trading above our estimate of fair value ($10.66)
Significantly Below Fair Value: AVT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AVT is unprofitable, so we can't compare its PE Ratio to the US Electronic industry average.
PE vs Market: AVT is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AVT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AVT is good value based on its PB Ratio (0.7x) compared to the US Electronic industry average (2x).
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 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: AVT is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: AVT's is expected to become profitable in the next 3 years.
Revenue vs Market: AVT's revenue is expected to decline over the next 3 years (-0.3% per year).
High Growth Revenue: AVT's revenue is forecast to decline over the next 3 years (-0.3% 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 (5.3%).
How has Avnet performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AVT is currently unprofitable.
Growing Profit Margin: AVT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: AVT is unprofitable, and losses have increased over the past 5 years at a rate of 44.7% per year.
Accelerating Growth: Unable to compare AVT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: AVT is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-18%).
Return on Equity
High ROE: AVT has a negative Return on Equity (-0.79%), as it is currently unprofitable.
How is Avnet's financial position?
Financial Position Analysis
Short Term Liabilities: AVT's short term assets ($6.3B) exceed its short term liabilities ($2.3B).
Long Term Liabilities: AVT's short term assets ($6.3B) exceed its long term liabilities ($2.1B).
Debt to Equity History and Analysis
Debt Level: AVT's debt to equity ratio (38.2%) is considered satisfactory.
Reducing Debt: AVT's debt to equity ratio has reduced from 42.3% to 38.2% over the past 5 years.
Debt Coverage: AVT's debt is well covered by operating cash flow (51.2%).
Interest Coverage: AVT is unprofitable, therefore interest payments are not well covered by earnings.
What is Avnet current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AVT's dividend (3.1%) is higher than the bottom 25% of dividend payers in the US market (1.66%).
High Dividend: AVT's dividend (3.1%) is low compared to the top 25% of dividend payers in the US market (4.7%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, AVT has been paying a dividend for less than 10 years.
Growing Dividend: AVT's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: AVT is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: AVT's dividends in 3 years are forecast to be well covered by earnings (31.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Phil Gallagher (59 yo)
Mr. Philip R. Gallagher, also known as Phil, serves as Member of Executive Board at at Avnet, Inc. since August 28, 2017 and has been its Global President of Electronic Components Business since 2019 and h ...
CEO Compensation Analysis
Compensation vs Market: Phil's total compensation ($USD2.38M) is below average for companies of similar size in the US market ($USD5.65M).
Compensation vs Earnings: Phil's compensation has increased whilst the company is unprofitable.
|Interim CEO||0.083yr||US$2.38m||0.057% |
|CFO & Member of Executive Board||2.67yrs||US$2.14m||0.034% |
|Senior VP||11.42yrs||US$2.32m||0.046% |
|President of Business Transformation & Member of Executive Board||3.92yrs||US$2.17m||0.014% |
|General Counsel||0.67yr||no data||0.0024% |
|Senior VP||1.58yrs||no data||0.0040% |
|Corporate Controller & Principal Accounting Officer||2.58yrs||US$1.11m||0.0054% |
|Chief Information Officer||1.17yrs||no data||no data|
|Senior VP of Investor Relations & Chief of Staff||16.42yrs||no data||no data|
|Senior Director of Communications||no data||no data||no data|
|Chief Marketing Officer||1.25yrs||no data||no data|
|Senior VP & Group Financial Officer||12.5yrs||no data||no data|
Experienced Management: AVT's management team is considered experienced (2.6 years average tenure).
|Independent Director||10.58yrs||US$351.25k||no data|
|Independent Director||7.83yrs||US$285.00k||0.029% |
|Director||0.83yr||no data||0.0043% |
|Independent Director||9.33yrs||US$270.00k||0.22% |
|Independent Director||2.33yrs||US$267.50k||no data|
|Independent Chairman||1.83yrs||US$358.75k||0.016% |
|Independent Director||5.83yrs||US$270.00k||0.022% |
|Director||0.83yr||no data||0.0043% |
|Independent Director||2.08yrs||US$301.15k||0.0094% |
Experienced Board: AVT's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Avnet, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Avnet, Inc.
- Ticker: AVT
- Exchange: NasdaqGS
- Founded: 1921
- Industry: Technology Distributors
- Sector: Tech
- Market Cap: US$2.673b
- Shares outstanding: 98.78m
- Website: https://www.avnet.com
Number of Employees
- Avnet, Inc.
- 2211 South 47th Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AVT||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Jan 1968|
|VNI||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1968|
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 s ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/21 05:57|
|End of Day Share Price||2020/09/18 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.