NYSE:AVX

Stock Analysis Report

Executive Summary

AVX Corporation, together with its subsidiaries, manufactures, supplies, and resells various electronic components, interconnect devices, sensing and control devices, and related products worldwide.

Snowflake

Fundamentals

Flawless balance sheet with proven track record and pays a dividend.


Similar Companies

Share Price & News

How has AVX's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

4.4%

AVX

3.8%

US Electronic

1.0%

US Market


1 Year Return

0.5%

AVX

15.9%

US Electronic

8.0%

US Market

Return vs Industry: AVX underperformed the US Electronic industry which returned 15.9% over the past year.

Return vs Market: AVX underperformed the US Market which returned 8% over the past year.


Shareholder returns

AVXIndustryMarket
7 Day4.4%3.8%1.0%
30 Day4.5%3.9%-0.07%
90 Day-0.2%2.7%-1.0%
1 Year3.3%0.5%17.1%15.9%10.4%8.0%
3 Year26.9%17.0%54.6%50.2%46.2%36.7%
5 Year43.6%24.3%88.4%79.1%64.3%46.2%

Price Volatility Vs. Market

How volatile is AVX's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is AVX undervalued compared to its fair value and its price relative to the market?

10.19x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AVX ($16.32) is trading above our estimate of fair value ($5.74)

Significantly Below Fair Value: AVX is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: AVX is good value based on its PE Ratio (10.2x) compared to the Electronic industry average (19.5x).

PE vs Market: AVX is good value based on its PE Ratio (10.2x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

PEG Ratio: AVX's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: AVX is good value based on its PB Ratio (1.1x) compared to the US Electronic industry average (2x).


Next Steps

Future Growth

How is AVX forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-24.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AVX's earnings are forecast to decline over the next 3 years (-24.2% per year).

Earnings vs Market: AVX's earnings are forecast to decline over the next 3 years (-24.2% per year).

High Growth Earnings: AVX's earnings are forecast to decline over the next 3 years.

Revenue vs Market: AVX's revenue is expected to decline over the next 3 years (-5.2% per year).

High Growth Revenue: AVX's revenue is forecast to decline over the next 3 years (-5.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if AVX's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has AVX performed over the past 5 years?

-3.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: AVX's earnings have declined by -3% per year over the past 5 years.

Accelerating Growth: AVX's earnings growth over the past year (820.5%) exceeds its 5-year average (-3% per year).

Earnings vs Industry: AVX earnings growth over the past year (820.5%) exceeded the Electronic industry 58.6%.


Return on Equity

High ROE: AVX's Return on Equity (11.1%) is considered low.


Return on Assets

ROA vs Industry: AVX has a higher Return on Assets than the Electronic industry average last year.


Return on Capital Employed

ROCE Improving: AVX has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is AVX's financial position?


Financial Position Analysis

Short Term Liabilities: AVX's short term assets ($1.8B) exceeds its short term liabilities ($293.5M)

Long Term Liabilities: AVX's short term assets (1.8B) exceeds its long term liabilities (127.9M)


Debt to Equity History and Analysis

Debt Level: AVX is debt free.

Reducing Debt: AVX has not had any debt for past 5 years.

Debt Coverage: AVX has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: AVX has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: AVX has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if AVX's debt is covered by short term assets.


Next Steps

Dividend

What is AVX's current dividend yield, its reliability and sustainability?

2.82%

Current Dividend Yield


Dividend Yield vs Market

company2.8%marketbottom25%1.4%markettop25%3.7%industryaverage1.5%forecastin3Years2.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: AVX's dividend (2.82%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: AVX's dividend (2.82%) is low compared to the top 25% of dividend payers in the US market (3.68%).

Stable Dividend: AVX's dividends per share have been stable in the past 10 years.

Growing Dividend: AVX's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (28.7%), AVX's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of AVX's salary, the management and board of directors tenure and is there insider trading?

2.5yrs

Average management tenure


CEO

John Sarvis (69yo)

4.5yrs

Tenure

US$1,351,431

Compensation

Mr. John Sarvis has been the Chief Executive Officer and President of AVX Corp. since April 1, 2015 and has been its Chairman of the Board since July 25, 2016. Mr. Sarvis joined AVX Corporation in 1973. Mr ...


CEO Compensation Analysis

Compensation vs. Market: John's total compensation ($USD1.35M) is about average for companies of similar size in the US market ($USD5.12M).

Compensation vs Earnings: John's compensation has increased by more than 20% in the past year.


Management Age and Tenure

2.5yrs

Average Tenure

59yo

Average Age

Experienced Management: AVX's management team is considered experienced (2.5 years average tenure).


Board Age and Tenure

3.3yrs

Average Tenure

61.5yo

Average Age

Experienced Board: AVX's board of directors are considered experienced (3.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$34,40828 Jan 19
Peter Venuto
EntityIndividual
Shares2,011
Max PriceUS$17.11
SellUS$35,20028 Jan 19
Peter Venuto
EntityIndividual
Shares2,000
Max PriceUS$17.70

Ownership Breakdown


Management Team

  • John Lawing (68yo)

    Senior VP & CTO

    • Tenure: 5.5yrs
    • Compensation: US$945.50k
  • John Sarvis (69yo)

    Chairman

    • Tenure: 4.5yrs
    • Compensation: US$1.35m
  • Eric Pratt (59yo)

    Senior Vice President of Marketing

    • Tenure: 2.5yrs
  • Evan Slavitt (61yo)

    Senior VP

    • Tenure: 3.3yrs
    • Compensation: US$975.14k
  • S. King (57yo)

    Senior Vice President of Tantalum Products

    • Tenure: 4.2yrs
  • Mike Hufnagel (65yo)

    Senior VP

    • Tenure: 1.3yrs
    • Compensation: US$673.60k
  • Jeff Schmersal (50yo)

    Senior VP & COO

    • Tenure: 1.5yrs
  • Steve Sturgeon (50yo)

    Senior Vice President of Connector Products

    • Tenure: 2.5yrs
  • Alex Schenkel (44yo)

    Senior Vice President of Sales

    • Tenure: 1.5yrs
  • Karen Smith

    Senior Vice President of Global Human Resources

    • Tenure: 0.3yrs

Board Members

  • Kazuo Inamori (87yo)

    Director Emeritus

    • Tenure: 3.3yrs
  • Donald Christiansen (80yo)

    Presiding Director

    • Tenure: 11.8yrs
    • Compensation: US$136.13k
  • Goro Yamaguchi (63yo)

    Director

    • Tenure: 6.3yrs
    • Compensation: US$69.13k
  • Shoichi Aoki (60yo)

    Director

    • Tenure: 7.3yrs
    • Compensation: US$69.13k
  • John Sarvis (69yo)

    Chairman

    • Tenure: 4.5yrs
    • Compensation: US$1.35m
  • David DeCenzo (64yo)

    Independent Director

    • Tenure: 12.3yrs
    • Compensation: US$136.13k
  • Hiroshi Fure (59yo)

    Director

    • Tenure: 2.2yrs
    • Compensation: US$69.13k
  • Koichi Kano (58yo)

    Director

    • Tenure: 3.3yrs
    • Compensation: US$69.13k
  • Hideo Tanimoto (59yo)

    Director

    • Tenure: 2.2yrs
    • Compensation: US$69.13k
  • John Ballato (48yo)

    Independent Director

    • Tenure: 0.7yrs
    • Compensation: US$20.00k

Company Information

AVX Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: AVX Corporation
  • Ticker: AVX
  • Exchange: NYSE
  • Founded: 1972
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: US$2.760b
  • Shares outstanding: 169.09m
  • Website: https://www.avx.com

Number of Employees


Location

  • AVX Corporation
  • One AVX Boulevard
  • Fountain Inn
  • South Carolina
  • 29644
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AVXNYSE (New York Stock Exchange)YesCommon StockUSUSDAug 1995
AX6DB (Deutsche Boerse AG)YesCommon StockDEEURAug 1995

Biography

AVX Corporation, together with its subsidiaries, manufactures, supplies, and resells various electronic components, interconnect devices, sensing and control devices, and related products worldwide. The co ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 23:30
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.