Avient Corporation (AVNT)

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Jul 13, 2020 - POL stock symbol was changed to AVNT (reason: merger and name change)

Stock Price: $25.87 USD 1.14 (4.61%)

Updated Aug 7, 2020 4:00 PM EDT - Market closed

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Key Info

Market Cap	2.37B
Revenue (ttm)	2.68B
Net Income (ttm)	563.90M
Shares Out	91.44M
EPS (ttm)	n/a
PE Ratio	n/a
Forward PE	17.67
Dividend	$0.81
Dividend Yield	3.13%

Stock Quote

Trading Day	Aug 7, 2020
Last Price	$25.87
Previous Close	$24.73
Change ($)	1.14
Change (%)	4.61%
Day's Open	24.59
Day's Range	24.36 - 25.90
Day's Volume	568,307
52-Week Range	8.69 - 37.33

More Stats

Market Cap	2.37B
Enterprise Value	2.32B
Earnings Date (est)	Oct 21, 2020
Ex-Dividend Date	n/a
Shares Outstanding	91.44M
Float	90.47M
EPS (basic)	n/a
EPS (diluted)	n/a
FCF / Share	2.20

Dividend	$0.81
Dividend Yield	3.13%
Earnings Yield	n/a
FCF Yield	8.49%
Payout Ratio	11.10%
Shares Short	1.68M
Short Ratio	2.05
Short % of Float	2.10%
Beta	1.79

PE Ratio	n/a
Forward PE	17.67
P/FCF Ratio	11.77
PS Ratio	0.88
PB Ratio	1.46
Revenue	2.68B
Operating Income	154.40M
Net Income	563.90M
Free Cash Flow	200.90M

Net Cash	50.30M
Net Cash / Share	0.55
Gross Margin	24.69%
Operating Margin	5.75%
Profit Margin	21.00%
FCF Margin	7.48%
ROA	3.95%
ROE	8.15%
ROIC	30.00%

Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (11)

Buy	7
Overweight	1
Hold	3
Underweight	0
Sell	0

What these ratings mean

Analyst Consensus: Buy

Price Target

$30.90*

(19.44% upside)

Low

26.0

Current: $25.87

High

37.0

Target: 30.90

*Average 12-month price target from 10 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Income Statement | Balance Sheet | Cash Flow

Year	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	2,863	2,881	2,590	2,939	2,929	3,836	3,771	2,861	2,709	2,622
Revenue Growth	-0.64%	11.22%	-11.85%	0.33%	-23.64%	1.71%	31.82%	5.59%	3.34%	-
Gross Profit	657	625	596	676	652	708	662	531	429	429
Operating Income	157	179	173	268	258	155	205	114	51.00	133
Net Income	589	160	-57.70	165	145	79.20	244	71.90	173	163
Shares Outstanding	77.20	79.70	81.50	83.90	87.80	92.30	95.50	89.10	92.20	93.10
Earnings Per Share	7.58	1.99	-0.70	1.95	1.63	0.85	2.53	0.80	1.84	1.69
EPS Growth	280.9%	-	-	19.63%	91.76%	-66.4%	216.25%	-56.52%	8.88%	-
Dividend Per Share	0.79	0.72	0.58	0.50	0.42	0.34	0.26	0.20	0.16	-
Dividend Growth	9.44%	24.14%	17.17%	17.86%	23.53%	30.77%	30%	25%	-	-
Operating Cash Flow	301	254	202	228	240	208	109	107	72.50	141
Capital Expenditures	-81.70	-76.00	-79.60	-84.20	-91.20	-92.80	-76.40	-57.40	-54.10	-39.50
Free Cash Flow	219	178	123	143	149	116	32.60	49.50	18.40	101
Cash & Equivalents	865	171	244	226	280	239	365	210	192	378
Total Debt	1,293	1,356	1,309	1,258	1,147	1,011	989	707	707	453
Net Cash / Debt	-428	-1,185	-1,065	-1,032	-867	-772	-624	-497	-515	-74.80
Assets	3,273	2,723	2,705	2,736	2,595	2,666	2,944	2,128	2,078	1,672
Liabilities	2,221	2,183	2,106	2,010	1,890	1,889	1,966	1,497	1,490	1,156
Book Value	1,052	540	599	725	704	776	977	629	588	516

Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name	Avient Corporation
Country	United States
Employees	5,600
CEO	Robert M. Patterson

Stock Information

Ticker Symbol	AVNT
Stock Exchange	New York Stock Exchange
Sector	Basic Materials
Industry	Specialty Chemicals
Unique Identifier	NYSE: AVNT
IPO Date	April 29, 1993

Description

Avient Corporation provides specialized polymer materials, services, and solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates in three segments: Color, Additives and Inks; Specialty Engineered Materials; and Distribution. The Color, Additives and Inks segment offers specialized color and additive concentrates in solid and liquid form for thermoplastics; dispersions for thermosets; and specialty inks, plastisols, and vinyl slush molding solutions. The Specialty Engineered Materials segment provides specialty polymer formulations, services, and solutions for designers, assemblers, and processors of thermoplastic materials; and long glass and carbon fiber technology, and thermoset and thermoplastic composites. The Distribution segment distributes approximately 4,000 grades of engineering and commodity grade resins to custom injection molders and extruders. The company sells its products through direct sales personnel, distributors, and commissioned sales agents. The company was formerly known as PolyOne Corporation and changed its name to Avient Corporation in June 2020. Avient Corporation was founded in 1927 and is headquartered in Avon Lake, Ohio.