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.

Risks

  • AVX is covered by less than 3 analysts.

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

-3.9%

NYSE:AVX

-1.2%

US Electronic

-1.0%

US Market


1 Year Return

-29.4%

NYSE:AVX

-6.8%

US Electronic

-0.4%

US Market

AVX underperformed the Electronic industry which returned -6.8% over the past year.

AVX underperformed the Market in United States of America which returned -0.4% over the past year.


Share holder returns

AVXIndustryMarket
7 Day-3.9%-1.2%-1.0%
30 Day-12.2%-4.8%-3.3%
90 Day-8.8%-0.4%0.8%
1 Year-27.4%-29.4%-5.9%-6.8%1.9%-0.4%
3 Year10.5%1.8%43.2%39.3%39.4%30.4%
5 Year16.5%0.9%51.4%44.0%54.2%37.1%

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 based on future cash flows and its price relative to the stock market?

8.71x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

AVX's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

AVX's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

AVX is good value based on earnings compared to the US Electronic industry average.

AVX is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

AVX earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

AVX is good value based on assets compared to the US Electronic industry average.


Next Steps

Future Growth

How is AVX expected 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 Estimates


Future Annual Growth Analysis

AVX's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

AVX's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

AVX's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.

AVX's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

AVX's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if AVX will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


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

AVX's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.

AVX's 1-year earnings growth exceeds its 5-year average (820.5% vs -3%)

AVX's earnings growth has exceeded the US Electronic industry average in the past year (820.5% vs 51.2%).


Return on Equity

AVX has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

AVX used its assets more efficiently than the US Electronic industry average last year based on Return on Assets.


Return on Capital Employed

AVX has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is AVX's financial position?


Financial Position Analysis

AVX is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

AVX's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

AVX has no debt.

AVX has not taken on any debt in the past 5 years.

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

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


Balance Sheet

High level of physical assets or inventory.

AVX has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

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

3.30%

Expected Dividend Yield


Dividend Yield and Payments Analysis

AVX's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

AVX's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.5x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

2.3yrs

Average management tenure


CEO

John Sarvis (69yo)

4.3yrs

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

John's remuneration is lower than average for companies of similar size in United States of America.

John's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

2.3yrs

Average Tenure

59yo

Average Age

The tenure for the AVX management team is about average.


Board Age and Tenure

3.1yrs

Average Tenure

61.5yo

Average Age

The tenure for the AVX board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


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
SellUS$101,16907 Sep 18
John Lawing
EntityIndividual
Role
Senior VP & CTO
Shares5,000
Max PriceUS$20.23
SellUS$22,12127 Aug 18
John Lawing
EntityIndividual
Role
Senior VP & CTO
Shares1,094
Max PriceUS$20.22

Ownership Breakdown


Management Team

  • John Lawing (68yo)

    Senior VP & CTO

    • Tenure: 5.3yrs
    • Compensation: $945.50k
  • John Sarvis (69yo)

    Chairman

    • Tenure: 4.3yrs
    • Compensation: $1.35m
  • Evan Slavitt (61yo)

    Senior VP

    • Tenure: 3.1yrs
    • Compensation: $975.14k
  • S. King (57yo)

    Senior Vice President of Tantalum Products

    • Tenure: 4.0yrs
  • Mike Hufnagel (65yo)

    Senior VP

    • Tenure: 1.1yrs
    • Compensation: $673.60k
  • Jeff Schmersal (50yo)

    Senior VP & COO

    • Tenure: 1.3yrs
  • Steve Sturgeon (50yo)

    Senior Vice President of Connector Products

    • Tenure: 2.3yrs
  • Karen Smith

    Senior Vice President of Global Human Resources

    • Tenure: 0.1yrs
  • Eric Pratt (59yo)

    Senior Vice President of Marketing

    • Tenure: 2.3yrs
  • Alex Schenkel (44yo)

    Senior Vice President of Sales

    • Tenure: 1.3yrs

Board Members

  • Donald Christiansen (80yo)

    Presiding Director

    • Tenure: 11.6yrs
    • Compensation: $136.13k
  • Goro Yamaguchi (63yo)

    Director

    • Tenure: 6.1yrs
    • Compensation: $69.13k
  • Hideo Tanimoto (59yo)

    Director

    • Tenure: 2.0yrs
    • Compensation: $69.13k
  • John Sarvis (69yo)

    Chairman

    • Tenure: 3.1yrs
    • Compensation: $1.35m
  • John Ballato (48yo)

    Director

    • Tenure: 0.5yrs
    • Compensation: $20.00k
  • Koichi Kano (58yo)

    Director

    • Tenure: 3.1yrs
    • Compensation: $69.13k
  • Hiroshi Fure (59yo)

    Director

    • Tenure: 2.0yrs
    • Compensation: $69.13k
  • Kazuo Inamori (87yo)

    Director Emeritus

    • Tenure: 3.1yrs
  • David DeCenzo (64yo)

    Independent Director

    • Tenure: 12.1yrs
    • Compensation: $136.13k
  • Shoichi Aoki (60yo)

    Director

    • Tenure: 7.1yrs
    • Compensation: $69.13k

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$2.359b
  • Shares outstanding: 169.09m
  • Website: Click here

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 Analysis2019/08/17 23:30
End of Day Share Price2019/08/16 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.