Avnet, Inc., a technology solutions company, markets, sells, and distributes electronic components.
Adequate 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's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: AVT underperformed the US Electronic industry which returned 9.3% over the past year.
Return vs Market: AVT underperformed the US Market which returned 9.2% 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
1 month ago | Simply Wall StThose Who Purchased Avnet (NASDAQ:AVT) Shares A Year Ago Have A 36% Loss To Show For It
1 month ago | Simply Wall StHere's Why Avnet's (NASDAQ:AVT) Statutory Earnings Are Arguably Too Conservative
1 month ago | Simply Wall StAvnet, Inc. (NASDAQ:AVT) Might Not Be A Great Investment
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 ($29.63) is trading above our estimate of fair value ($18.61)
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 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 (0.8x) compared to the US Electronic industry average (1.8x).
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 (-3.9% per year).
High Growth Revenue: AVT's revenue is forecast to decline over the next 3 years (-3.9% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if AVT's Return on Equity is forecast to be high in 3 years time
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 -43.2% 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 (-8%).
Return on Equity
High ROE: AVT has a negative Return on Equity (-3.18%), 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 ($2.6B).
Long Term Liabilities: AVT's short term assets ($6.3B) exceed its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: AVT's debt to equity ratio (43.4%) is considered high.
Reducing Debt: AVT's debt to equity ratio has reduced from 46% to 43.4% over the past 5 years.
Debt Coverage: AVT's debt is well covered by operating cash flow (48.8%).
Interest Coverage: AVT is unprofitable, therefore interest payments are not well covered by earnings.
What is Avnet's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AVT's dividend (2.83%) is higher than the bottom 25% of dividend payers in the US market (1.65%).
High Dividend: AVT's dividend (2.83%) is low compared to the top 25% of dividend payers in the US market (4.39%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, AVT has been paying a dividend for less than 10 years.
Growing Dividend: AVT's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: AVT is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: AVT's dividends in 3 years are forecast to be well covered by earnings (41.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bill Amelio (61yo)
Mr. William Joseph Amelio, also known as Bill, serves as Director of S&P Global Inc. since March 15, 2019. He serves as Partner at Daylight Partners. He has been the Chief Executive Officer at Avnet, Inc. ...
CEO Compensation Analysis
Compensation vs Market: Bill's total compensation ($USD8.44M) is above average for companies of similar size in the US market ($USD5.86M).
Compensation vs Earnings: Bill's compensation has increased whilst the company is unprofitable.
|CEO, Member of Executive Board & Director||3.75yrs||US$8.44m||0.095% $2.8m|
|CFO & Member of Executive Board||2.42yrs||US$2.14m||0.033% $952.1k|
|Global President of Electronic Components & Member of Executive Board||2.83yrs||US$2.38m||0.12% $3.6m|
|Senior VP||11.17yrs||US$2.32m||0.044% $1.3m|
|President of Business Transformation & Member of Executive Board||3.67yrs||US$2.17m||0.011% $322.4k|
|General Counsel||0.42yr||no data||0.0024% $69.9k|
|Senior VP||1.33yrs||no data||0.0040% $116.2k|
|Corporate Controller & Principal Accounting Officer||2.33yrs||US$1.11m||0.019% $565.0k|
|Chief Information Officer||0.92yr||no data||no data|
|Senior VP of Investor Relations & Chief of Staff||16.17yrs||no data||no data|
Experienced Management: AVT's management team is considered experienced (2.6 years average tenure).
|CEO, Member of Executive Board & Director||3.75yrs||US$8.44m||0.095% $2.8m|
|Independent Director||10.33yrs||US$351.25k||no data|
|Independent Director||7.58yrs||US$285.00k||0.029% $855.5k|
|Director||0.58yr||no data||0.0043% $124.6k|
|Independent Director||9.08yrs||US$270.00k||0.22% $6.3m|
|Independent Director||2.08yrs||US$267.50k||no data|
|Independent Chairman||1.58yrs||US$358.75k||0.016% $464.0k|
|Independent Director||5.58yrs||US$270.00k||0.022% $648.7k|
|Independent Director||1.83yrs||US$301.15k||0.0094% $274.7k|
Experienced Board: AVT's board of directors are considered experienced (3.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AVT 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$2.926b
- Shares outstanding: 98.75m
- 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 segment markets, sells, and distributes semiconductors, and interconnect, passive, and electromechanical devices; and other integrated components from electronic component manufacturers. It also offers design chain support that provides engineers with technical design solutions; engineering and technical resources to support product design, bill of materials development, and technical education and training; and supply chain solutions that provide support and logistical services to original equipment manufacturers, electronic manufacturing service providers, and electronic component manufacturers. In addition, this segment provides integrated solutions, such as technical design, integration, and assembly of embedded products, and systems and solutions primarily for industrial applications, as well as for intelligent embedded and innovative display solutions comprising touch and passive displays. Further, it develops and manufactures standard board and industrial subsystems, and application-specific devices that enable it to produce systems tailored to specific customer requirements. This segment serves various markets, including automotive, medical, defense, aerospace, telecommunications, and digital editing. The Farnell segment distributes kits, tools, and electronic and industrial automation components, as well as test and measurement products to engineers and entrepreneurs. It has operations in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Avnet, Inc. was founded in 1921 and is headquartered in Phoenix, Arizona.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/04 13:58|
|End of Day Share Price||2020/06/03 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.