Financials Avnet, Inc.

Equities

AVT

US0538071038

Electronic Equipment & Parts

Market Closed - Nasdaq 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
50.1 USD +1.05% Intraday chart for Avnet, Inc. +7.37% -0.60%

Valuation

Fiscal Period: Juli 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,846 2,656 4,004 4,129 4,611 4,527 - -
Enterprise Value (EV) 1 6,020 3,604 5,019 5,587 7,382 7,045 6,514 6,419
P/E ratio 28.7 x -86.8 x 20.8 x 6.09 x 6.11 x 8.96 x 8.06 x 8.49 x
Yield 1.75% 3.12% 2.11% 2.37% 2.3% 2.47% 2.59% 2.95%
Capitalization / Revenue 0.25 x 0.15 x 0.2 x 0.17 x 0.17 x 0.19 x 0.18 x 0.17 x
EV / Revenue 0.31 x 0.2 x 0.26 x 0.23 x 0.28 x 0.29 x 0.27 x 0.24 x
EV / EBITDA 7.59 x 8.92 x 10.1 x 5.21 x 5.66 x 7.01 x 6.48 x 5.24 x
EV / FCF 14.6 x 5.49 x 124 x -20.8 x -8.13 x 4.15 x 11.7 x 14.5 x
FCF Yield 6.84% 18.2% 0.81% -4.8% -12.3% 24.1% 8.55% 6.9%
Price to Book 1.22 x - - - - - - -
Nbr of stocks (in thousands) 106,296 98,747 99,502 97,682 91,399 90,364 - -
Reference price 2 45.59 26.90 40.24 42.27 50.45 50.10 50.10 50.10
Announcement Date 8/8/19 8/6/20 8/11/21 8/10/22 8/16/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: July 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 19,519 17,634 19,535 24,311 26,537 24,030 24,535 26,457
EBITDA 1 792.9 404 497.7 1,073 1,303 1,005 1,006 1,225
EBIT 1 695.7 302.9 407 985.6 1,221 918.6 974.7 1,125
Operating Margin 3.56% 1.72% 2.08% 4.05% 4.6% 3.82% 3.97% 4.25%
Earnings before Tax (EBT) 1 242.3 -128.1 172.9 833.3 - 400 561 658
Net income 1 176.3 -31.08 193.1 692.4 770.8 520.2 565.1 508
Net margin 0.9% -0.18% 0.99% 2.85% 2.9% 2.16% 2.3% 1.92%
EPS 2 1.590 -0.3100 1.930 6.940 8.260 5.590 6.215 5.900
Free Cash Flow 1 412.1 656.7 40.59 -268.2 -908.4 1,698 557 443
FCF margin 2.11% 3.72% 0.21% -1.1% -3.42% 7.07% 2.27% 1.67%
FCF Conversion (EBITDA) 51.97% 162.55% 8.15% - - 168.91% 55.39% 36.16%
FCF Conversion (Net income) 233.69% - 21.02% - - 326.4% 98.57% 87.2%
Dividend per Share 2 0.8000 0.8400 0.8500 1.000 1.160 1.238 1.300 1.480
Announcement Date 8/8/19 8/6/20 8/11/21 8/10/22 8/16/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Juli 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3
Net sales 1 5,585 5,865 6,488 6,373 6,750 6,718 6,515 6,555 6,336 6,205 5,720 5,780 5,892 6,001 6,000
EBITDA 1 200.6 241.3 325.6 309.3 312.9 320.3 335 335.3 282.3 262.7 226.2 218.2 231.8 242.8 254.3
EBIT 1 178.8 215.5 303.7 287.6 293.3 300.5 314.5 312.6 261.7 242.2 207.5 207.9 210.4 228.7 253.6
Operating Margin 3.2% 3.67% 4.68% 4.51% 4.35% 4.47% 4.83% 4.77% 4.13% 3.9% 3.63% 3.6% 3.57% 3.81% 4.23%
Earnings before Tax (EBT) 145 - - - - - - - - - - - - - -
Net income 1 111.3 150.8 183.4 246.8 184.3 243.9 187.4 155.3 209.3 117.9 93.1 100.7 107.7 132.6 155.6
Net margin 1.99% 2.57% 2.83% 3.87% 2.73% 3.63% 2.88% 2.37% 3.3% 1.9% 1.63% 1.74% 1.83% 2.21% 2.59%
EPS 2 1.100 1.500 1.840 2.510 1.930 2.630 2.030 1.680 2.250 1.280 0.9900 1.083 1.190 1.390 1.630
Dividend per Share 0.2400 0.2400 - 0.2600 - 0.2900 0.2900 0.2900 0.3100 0.3100 - - - - -
Announcement Date 10/28/21 1/26/22 4/27/22 8/10/22 10/26/22 2/1/23 5/3/23 8/16/23 11/1/23 1/31/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: Juli 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,174 948 1,015 1,458 2,770 2,518 1,986 1,892
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.481 x 2.346 x 2.039 x 1.359 x 2.125 x 2.505 x 1.975 x 1.544 x
Free Cash Flow 1 412 657 40.6 -268 -908 1,698 557 443
ROE (net income / shareholders' equity) 10.3% -0.79% 4.94% 16.7% 17.2% 9.89% - -
ROA (Net income/ Total Assets) 4.87% -0.37% 2.27% 7.17% 6.74% - - -
Assets 1 3,621 8,335 8,515 9,657 11,433 - - -
Book Value Per Share 37.40 - - - - - - -
Cash Flow per Share 2 4.830 7.270 0.9100 -2.200 -7.640 3.930 4.500 -
Capex 1 123 73.5 50.4 48.9 195 227 116 90
Capex / Sales 0.63% 0.42% 0.26% 0.2% 0.73% 0.94% 0.47% 0.34%
Announcement Date 8/8/19 8/6/20 8/11/21 8/10/22 8/16/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
8
Last Close Price
50.1 USD
Average target price
48.07 USD
Spread / Average Target
-4.05%
Consensus
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