Avient Corporation (AVNT)

NYSE: AVNT · IEX Real-Time Price · USD
43.40
+0.44 (1.02%)
At close: Mar 28, 2024, 4:00 PM
43.59
+0.19 (0.44%)
After-hours: Mar 28, 2024, 4:26 PM EDT

Total Valuation

Avient has a market cap or net worth of $3.95 billion. The enterprise value is $5.54 billion.

Market Cap 3.95B
Enterprise Value 5.54B

Important Dates

The next estimated earnings date is Wednesday, May 1, 2024, before market open.

Earnings Date May 1, 2024
Ex-Dividend Date Mar 18, 2024

Share Statistics

Avient has 91.18 million shares outstanding. The number of shares has decreased by -0.43% in one year.

Shares Outstanding 91.18M
Shares Change (YoY) -0.43%
Shares Change (QoQ) -0.11%
Owned by Insiders (%) 1.73%
Owned by Institutions (%) 97.15%
Float 89.62M

Valuation Ratios

The trailing PE ratio is 52.29 and the forward PE ratio is 16.78. Avient's PEG ratio is 0.72.

PE Ratio 52.29
Forward PE 16.78
PS Ratio 1.26
Forward PS 1.20
PB Ratio 1.70
P/FCF Ratio 43.98
PEG Ratio 0.72
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 14.18, with an EV/FCF ratio of 61.73.

EV / Earnings 73.22
EV / Sales 1.76
EV / EBITDA 14.18
EV / EBIT 27.44
EV / FCF 61.73

Financial Position

The company has a current ratio of 1.82, with a Debt / Equity ratio of 0.92.

Current Ratio 1.82
Quick Ratio 1.22
Debt / Equity 0.92
Debt / EBITDA 5.48
Debt / FCF 23.83
Interest Coverage 1.75

Financial Efficiency

Return on equity (ROE) is 3.30% and return on invested capital (ROIC) is 3.85%.

Return on Equity (ROE) 3.30%
Return on Assets (ROA) 1.30%
Return on Capital (ROIC) 3.85%
Revenue Per Employee $337,935
Profits Per Employee $8,140
Employee Count 9,300
Asset Turnover 0.53
Inventory Turnover 6.25

Taxes

In the past 12 months, Avient has paid $11.00 million in taxes.

Income Tax 11.00M
Effective Tax Rate 12.69%

Stock Price Statistics

The stock price has increased by +10.75% in the last 52 weeks. The beta is 1.53, so Avient's price volatility has been higher than the market average.

Beta (1Y) 1.53
52-Week Price Change +10.75%
50-Day Moving Average 38.99
200-Day Moving Average 37.65
Relative Strength Index (RSI) 66.86
Average Volume (30 Days) 440,713

Short Selling Information

The latest short interest is 1.17 million, so 1.28% of the outstanding shares have been sold short.

Short Interest 1.17M
Short Previous Month 1.19M
Short % of Shares Out 1.28%
Short % of Float 1.30%
Short Ratio (days to cover) 3.20

Income Statement

In the last 12 months, Avient had revenue of $3.14 billion and earned $75.70 million in profits. Earnings per share was $0.83.

Revenue 3.14B
Gross Profit 892.50M
Operating Income 196.80M
Pretax Income 86.70M
Net Income 75.70M
EBITDA 390.80M
EBIT 202.00M
Earnings Per Share (EPS) $0.83
Full Income Statement

Balance Sheet

The company has $545.80 million in cash and $2.14 billion in debt, giving a net cash position of -$1.59 billion or -$17.48 per share.

Cash & Cash Equivalents 545.80M
Total Debt 2.14B
Net Cash -1.59B
Net Cash Per Share -$17.48
Equity / Book Value 2.32B
Book Value Per Share 25.44
Working Capital 634.00M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $201.60 million and capital expenditures -$111.80 million, giving a free cash flow of $89.80 million.

Operating Cash Flow 201.60M
Capital Expenditures -111.80M
Free Cash Flow 89.80M
FCF Per Share $0.99
Full Cash Flow Statement

Margins

Gross margin is 28.40%, with operating and profit margins of 6.26% and 2.41%.

Gross Margin 28.40%
Operating Margin 6.26%
Pretax Margin 2.76%
Profit Margin 2.41%
EBITDA Margin 12.43%
EBIT Margin 6.43%
FCF Margin 2.86%

Dividends & Yields

This stock pays an annual dividend of $1.03, which amounts to a dividend yield of 2.37%.

Dividend Per Share $1.03
Dividend Yield 2.37%
Dividend Growth (YoY) 4.12%
Years of Dividend Growth 12
Payout Ratio 124.10%
Buyback Yield 0.43%
Shareholder Yield 2.81%
Earnings Yield 1.92%
FCF Yield 2.27%
Dividend Details

Analyst Forecast

The average price target for Avient is $42.33, which is -2.47% lower than the current price. The consensus rating is "Hold".

Price Target $42.33
Price Target Difference -2.47%
Analyst Consensus Hold
Analyst Count 3
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

The last stock split was on June 18, 1996. It was a forward split with a ratio of 3:2.

Last Split Date Jun 18, 1996
Split Type Forward
Split Ratio 3:2

Scores

Avient has an Altman Z-Score of 1.84 and a Piotroski F-Score of 8. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 1.84
Piotroski F-Score 8