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General information

Country: UNITED STATES

Sector: Specialty Chemicals

Avient Corporation provides specialized and sustainable material solutions. The Company’s products include specialty engineered materials, advanced composites, color and additive systems and polymer distribution. The Company is also a specialized developer and manufacturer of performance-enhancing additives, liquid colorants and fluoropolymer and silicone colorants. The Company’s segments include Color, Additives and Inks, Specialty Engineered Materials, and Distribution. In the wire and cable industry, the Company is providing electrical insulation, flame resistance, durability, water resistance, water swelling and color coding to engineered fibers, yarn products, wire coatings and connectors. In the transportation industry, the Company offers design flexibility and high-performance materials, such as metal and glass. In the medical industry, the Company provides equipment, including blood and intravenous bags, medical tubing, catheters, and lead replacement for radiation shielding
Website: avient.com



Growth: Bad revenue growth rate -9.0%, there is slowdown compared to average historical growth rates 6.6%. The revenue growth dynamics is unstable Site traffic for the last 3 months showed a change of -11.1%

Profitability: LTM EBITDA margin is positive, +12.3%. On average the margin is improving unsteadily. Gross margin is normal, +31.5%. In the last quarter the company beat the estimated EPS, +14.5%. The company was ahead of estimated EPS in 80% of quarters (showing a gain of +$0.06 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 2.3%. Free cash flow yield -1.1% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 53.9% higher than minimum and 29.1% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 2.2x by EV / Sales multiple , the company can be 22.5% undervalued

Key Financials (Download financials)

Ticker: AVNT
Share price, USD:  (+1.0%)43.22
year average price 38.23  


year start price 38.51 2023-04-29

min close price 31.18 2023-10-27

max close price 43.40 2024-03-28

current price 43.22 2024-04-27
Common stocks: 91 844 745

Dividend Yield:  2.3%
FCF Yield LTM: -1.1%
EV / LTM EBITDA: 14.6x
EV / EBITDA annualized: 11.4x
Last revenue growth (y/y):  -9.0%
Last growth of EBITDA (y/y):  3.6%
Historical revenue growth:  6.6%
Historical growth of EBITDA:  15.9%
EV / Sales: 1.8x
Margin (EBITDA LTM / Revenue): 12.3%
Fundamental value created in LTM:
Market Cap ($m): 3 970
Net Debt ($m): 1 660
EV (Enterprise Value): 5 630
Price to Book: 1.7x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2024-04-25Zacks Investment Research

4 Diversified Chemical Stocks to Gain From Demand Rebound

2024-04-17Zacks Investment Research

Why Avient (AVNT) is a Top Dividend Stock for Your Portfolio

2024-04-17Zacks Investment Research

Is Avient (AVNT) Stock Outpacing Its Basic Materials Peers This Year?

2024-03-01Seeking Alpha

Avant Brands Inc. (AVTBF) Q4 2023 Earnings Call Transcript

2024-02-28Seeking Alpha

Avient: Growth Opportunities And New CEO

2024-02-14Zacks Investment Research

Avient (AVNT) Reports Q4 Earnings: What Key Metrics Have to Say

2024-02-14Zacks Investment Research

Avient (AVNT) Q4 Earnings and Revenues Surpass Estimates

2024-02-12Zacks Investment Research

What Analyst Projections for Key Metrics Reveal About Avient (AVNT) Q4 Earnings

2024-02-09Zacks Investment Research

JMPLY or AVNT: Which Is the Better Value Stock Right Now?

2023-11-04Seeking Alpha

Avient Corporation (AVNT) Q3 2023 Earnings Call Transcript
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol AVNT AVNT AVNT AVNT AVNT AVNT
reportedCurrency USD USD USD USD USD USD
cik 1M 1M 1M 1M 1M 1M
fillingDate 2024-02-20 2023-11-02 2023-07-27 2023-05-03 2023-02-22 2022-11-02
acceptedDate 2024-02-20 12:52:01 2023-11-02 13:15:42 2023-07-27 12:00:33 2023-05-03 15:33:37 2023-02-22 14:05:43 2022-11-02 11:40:22
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
revenue 719M 754M 824M 846M 790M 823M
costOfRevenue 493M 558M 584M 598M 618M 628M
grossProfit 227M 195M 241M 248M 172M 195M
grossProfitRatio 0.315 0.259 0.292 0.293 0.218 0.237
researchAndDevelopmentExpenses 90M 0 0 0 0 0
generalAndAdministrativeExpenses 0 0 0 0 0 0
sellingAndMarketingExpenses 0 0 0 0 0 0
sellingGeneralAndAdministrativeExpenses 157M 161M 178M 191M 172M 155M
otherExpenses 4M 1 000 000 -200 000 700 000 0 0
operatingExpenses 157M 161M 178M 191M 172M 155M
costAndExpenses 650M 719M 762M 789M 790M 783M
interestIncome 0 40M 0 0 0 0
interestExpense 37M 30M 29M 29M 49M 37M
depreciationAndAmortization 63M 46M 48M 51M -28M 40M
ebitda 133M 82M 110M 108M -28M 48M
ebitdaratio 0.184 0.108 0.133 0.128 -0.035 0.059
operatingIncome 69M 34M 62M 57M 400 000 8M
operatingIncomeRatio 0.096 0.046 0.076 0.068 0.001 0.010
totalOtherIncomeExpensesNet -49M 1 000 000 -200 000 -28M -78M -37M
incomeBeforeTax 21M 5M 33M 29M -77M -29M
incomeBeforeTaxRatio 0.029 0.007 0.040 0.034 -0.098 -0.035
incomeTaxExpense -7M -100 000 10M 8M -61M -1M
netIncome 29M 5M 22M 20M -17M -28M
netIncomeRatio 0.040 0.007 0.027 0.024 -0.021 -0.034
eps 0.310 0.056 0.240 0.220 -0.180 -0.310
epsdiluted 0.310 0.056 0.240 0.220 -0.180 -0.310
weightedAverageShsOut 91M 91M 91M 91M 91M 91M
weightedAverageShsOutDil 92M 92M 92M 92M 91M 91M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol AVNT AVNT AVNT AVNT AVNT AVNT
reportedCurrency USD USD USD USD USD USD
cik 1M 1M 1M 1M 1M 1M
fillingDate 2024-02-20 2023-11-02 2023-07-27 2023-05-03 2023-02-22 2022-11-02
acceptedDate 2024-02-20 12:52:01 2023-11-02 13:15:42 2023-07-27 12:00:33 2023-05-03 15:33:37 2023-02-22 14:05:43 2022-11-02 11:40:22
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
cashAndCashEquivalents 546M 440M 529M 583M 641M 544M
shortTermInvestments 0 0 0 0 0 0
cashAndShortTermInvestments 546M 440M 529M 583M 641M 544M
netReceivables 400M 437M 506M 484M 441M 505M
inventory 347M 350M 359M 372M 373M 442M
otherCurrentAssets 115M 138M 117M 125M 115M 130M
totalCurrentAssets 1 408M 1 364M 1 511M 1 564M 1 570M 1 988M
propertyPlantEquipmentNet 1 094M 978M 1 007M 1 046M 1 110M 1 021M
goodwill 1 719M 1 681M 1 706M 1 690M 1 672M 1 491M
intangibleAssets 1 591M 1 563M 1 615M 1 602M 1 598M 1 526M
goodwillAndIntangibleAssets 3 310M 3 244M 3 320M 3 291M 3 270M 3 017M
longTermInvestments -282M -293M -305M 0 0 0
taxAssets 282M 293M 305M 333M 0 0
otherNonCurrentAssets 157M 203M 213M -123M 136M 281M
totalNonCurrentAssets 4 561M 4 425M 4 541M 4 547M 4 515M 4 319M
otherAssets 0 0 0 0 0 0
totalAssets 5 969M 5 790M 6 052M 6 111M 6 085M 6 307M
accountPayables 432M 390M 429M 448M 454M 449M
shortTermDebt 26M 10M 2M 2M 19M 632M
taxPayables 49M 0 0 0 122M 0
deferredRevenue 72M 0 0 0 343M 0
otherCurrentLiabilities 243M 328M 346M 387M 53M 475M
totalCurrentLiabilities 774M 727M 777M 837M 869M 1 556M
longTermDebt 2 071M 2 071M 2 179M 2 178M 2 218M 2 539M
deferredRevenueNonCurrent 43M 65M 67M 0 0 0
deferredTaxLiabilitiesNonCurrent 298M 293M 305M 333M 343M 210M
otherNonCurrentLiabilities 445M 338M 370M 395M 303M 1 935M
totalNonCurrentLiabilities 2 857M 2 767M 2 922M 2 905M 2 863M 3 015M
otherLiabilities 0 0 0 0 0 0
capitalLeaseObligations 43M 0 0 0 58M 54M
totalLiabilities 3 631M 3 494M 3 698M 3 743M 3 732M 4 571M
preferredStock 0 0 0 0 0 0
commonStock 1M 1M 1M 1M 1M 1M
retainedEarnings 1 808M 1 803M 1 821M 1 821M 1 824M 1 302M
accumulatedOtherComprehensiveIncomeLoss -87M -121M -78M -60M -76M -164M
othertotalStockholdersEquity 597M 594M 591M 587M 586M 581M
totalStockholdersEquity 2 319M 2 277M 2 335M 2 350M 2 335M 1 720M
totalEquity 2 338M 2 296M 2 354M 2 350M 2 335M 1 720M
totalLiabilitiesAndStockholdersEquity 5 969M 5 790M 6 052M 6 111M 6 085M 6 307M
minorityInterest 19M 19M 19M 19M 18M 0
totalLiabilitiesAndTotalEquity 5 969M 5 790M 6 052M 6 111M 6 085M 6 307M
totalInvestments -282M -293M -305M 0 0 0
totalDebt 2 140M 2 080M 2 181M 2 180M 2 237M 3 171M
netDebt 1 594M 1 641M 1 653M 1 597M 1 596M 2 626M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Cash Flow Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol AVNT AVNT AVNT AVNT AVNT AVNT AVNT
reportedCurrency USD USD USD USD USD USD USD
cik 1M 1M 1M 1M 1M 1M 1M
fillingDate 2024-02-20 2023-11-02 2023-07-27 2023-05-03 2023-02-22 2022-11-02 2022-07-26
acceptedDate 2024-02-20 12:52:01 2023-11-02 13:15:42 2023-07-27 12:00:33 2023-05-03 15:33:37 2023-02-22 14:05:43 2022-11-02 11:40:22 2022-07-26 08:48:39
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3 Q2
netIncome 28M 5M 22M 20M 545M -11M 85M
depreciationAndAmortization 63M 46M 48M 51M 49M 40M 37M
deferredIncomeTax -61M -100 000 0 0 500 000 0 0
stockBasedCompensation 4M 3M 3M 3M 4M 3M 3M
changeInWorkingCapital 140M 121M -76M -96M 95M 85M -37M
accountsReceivables 44M 61M -26M -40M 99M 67M -14M
inventory 8M 3M 10M 4M 27M 33M -31M
accountsPayables 37M -33M -16M -10M -33M -55M 8M
otherWorkingCapital 51M 91M -43M -50M 2M 40M 700 000
otherNonCashItems -18M -104M 0 0 -519M 0 0
netCashProvidedByOperatingActivities 155M 72M -3M -22M 175M 117M 88M
investmentsInPropertyPlantAndEquipment -44M -29M -26M -20M -50M -21M 0
acquisitionsNet 0 0 0 7M 928M 0 0
purchasesOfInvestments 0 0 0 0 0 0 0
salesMaturitiesOfInvestments 0 0 0 0 0 0 0
otherInvestingActivites 16M 2M 0 0 6M -1 408M 54M
netCashUsedForInvestingActivites -29M -27M -26M -13M 884M -1 429M 54M
debtRepayment -2M -103M -200 000 -800 000 -950M -2M -2M
commonStockIssued 0 0 0 0 0 0 0
commonStockRepurchased -3M 0 0 0 0 0 -21M
dividendsPaid -23M -23M -23M -23M -22M -22M -22M
otherFinancingActivites -1M -2M 0 -2M -100 000 1 251M -200 000
netCashUsedProvidedByFinancingActivities -26M -128M -23M -26M -972M 1 227M -45M
effectOfForexChangesOnCash 6M -6M -3M 2M 10M -15M -15M
netChangeInCash 106M -89M -54M -58M 97M -101M 83M
cashAtEndOfPeriod 546M 440M 529M 583M 641M 544M 645M
cashAtBeginningOfPeriod 440M 529M 583M 641M 544M 645M 563M
operatingCashFlow 155M 72M -3M -22M 175M 117M 88M
capitalExpenditure -44M -29M -26M -20M -50M -21M -21M
freeCashFlow 110M 43M -28M -43M 124M 96M 67M
link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link

Earning call transcript

2023 q4
2024-02-14 ET (fiscal 2023 q4)
2023 q3
2023-11-04 ET (fiscal 2023 q3)
2023 q2
2023-07-27 ET (fiscal 2023 q2)
2023 q1
2023-05-03 ET (fiscal 2023 q1)
2022 q4
2023-02-15 ET (fiscal 2022 q4)
2022 q3
2022-11-02 ET (fiscal 2022 q3)
2022 q2
2022-07-26 ET (fiscal 2022 q2)
2022 q1
2022-04-22 ET (fiscal 2022 q1)

Press-releases

Show financial reports only

2024-04-03 20:30 ET
Avient To Hold First Quarter 2024 Conference Call
2024-02-14 11:15 ET
Avient Announces Fourth Quarter and Full Year 2023 Results
2024-02-12 22:45 ET
Avient Announces Quarterly Dividend
2024-01-08 22:30 ET
Avient To Hold Fourth Quarter 2023 Conference Call
2023-11-13 11:45 ET
Avient Appoints Ashish K. Khandpur as Chief Executive Officer Effective December 1, 2023
2023-11-02 10:20 ET
Avient Announces Third Quarter 2023 Results
2023-10-12 21:00 ET
Avient Announces Thirteenth Consecutive Annual Dividend Increase
2023-10-06 20:30 ET
Avient To Hold Third Quarter 2023 Conference Call
2023-08-28 11:00 ET
Avient Announces Registration Details for 2023 Sustainability Day
2023-08-17 10:30 ET
Avient Announces Debt Paydown and Term Loan Refinancing
2023-07-27 10:29 ET
Avient Announces Second Quarter 2023 Results
2023-07-13 21:30 ET
Avient Announces Quarterly Dividend
2023-06-20 21:00 ET
Avient To Hold Second Quarter 2023 Conference Call
2023-05-11 20:06 ET
Avient Announces Quarterly Dividend
2023-05-03 10:30 ET
Avient Announces First Quarter 2023 Results
2023-04-05 11:00 ET
Avient To Hold First Quarter 2023 Conference Call
2023-02-15 11:31 ET
Avient Announces Fourth Quarter and Full Year 2022 Results
2023-02-13 21:30 ET
Avient Announces Quarterly Dividend
2023-01-06 12:00 ET
Avient To Hold Fourth Quarter 2022 Conference Call
2022-11-02 10:30 ET
Avient Announces Third Quarter 2022 Results
2022-11-01 13:20 ET
Avient Completes Sale of Distribution Business to H.I.G. Capital
2022-10-13 20:30 ET
Avient Announces Twelfth Consecutive Annual Increase in Quarterly Dividend
2022-10-11 21:00 ET
Avient To Hold Third Quarter 2022 Conference Call
2022-09-27 11:06 ET
Avient Updates Third Quarter and Full Year 2022 Forecast
2022-09-01 05:00 ET
Avient Completes Acquisition of DSM Protective Materials (Dyneema®)
2022-08-12 10:45 ET
Avient Signs Agreement to Divest Distribution Business to H.I.G. Capital for $950 Million
2022-07-28 10:30 ET
Avient Announces Debt Financing to Fund Acquisition of DSM Protective Materials
2022-07-27 21:15 ET
Avient Announces Pricing of $725 Million 7.125% Senior Notes due 2030
2022-07-26 13:19 ET
Avient Announces Commencement of $725 Million Senior Notes Offering
2022-07-26 10:29 ET
Avient Announces Second Quarter 2022 Results
2022-07-13 20:30 ET
Avient Announces Quarterly Dividend
2022-07-07 21:15 ET
Avient To Hold Second Quarter 2022 Conference Call
2022-05-12 20:30 ET
Avient Announces Quarterly Dividend
2022-04-20 05:02 ET
Avient Announces First Quarter 2022 Results in Connection with Announcement to Acquire DSM Protective Materials (Dyneema®)
2022-04-20 05:01 ET
Avient Announces Agreement to Acquire DSM Protective Materials (Dyneema®) and Plans to Explore Sale of Distribution
2022-04-14 20:30 ET
Avient To Hold First Quarter 2022 Conference Call
2022-02-14 21:45 ET
Avient Announces Quarterly Dividend
2022-02-08 11:35 ET
Avient Announces Record Fourth Quarter and Full Year 2021 Results
2022-01-11 11:30 ET
Avient To Hold Fourth Quarter 2021 Conference Call
2021-11-03 11:30 ET
Avient Announces Registration Details for December 9th Investor Day
2021-10-28 10:40 ET
Avient Announces Record Third Quarter 2021 Results
2021-10-14 20:30 ET
Avient Increases Dividend 12%
2021-10-06 20:30 ET
Avient To Hold Third Quarter 2021 Conference Call
2021-09-13 20:30 ET
Avient Expects Double Digit Sales Growth in 5G Applications
2021-08-12 20:30 ET
Avient Expands 2030 Sustainability Goals and Highlights ESG Impact in Latest Sustainability Report
2021-08-06 10:55 ET
Avient Elects Neil Green and Ernest Nicolas to Board of Directors
2021-07-30 10:45 ET
Avient Announces Record Second Quarter 2021 Results, Increases Full Year Guidance
2021-07-14 20:30 ET
Avient Announces Quarterly Dividend
2021-07-12 20:30 ET
Avient Provides Sustainable, Vibrant Color Technology in Fabrics for Eco-Conscious Consumers
2021-07-01 10:00 ET
Avient Expands Sustainable Solutions Portfolio with Acquisition of Magna Colours Ltd.
2021-06-30 20:30 ET
Avient To Hold Second Quarter 2021 Conference Call
2021-06-14 20:30 ET
Avient Collaborates with Oceanworks® to Expand Use of Recycled Ocean Plastics
2021-06-01 12:00 ET
Avient Hires Dr. Vinod Purayath as Chief Technology Officer
2021-05-25 20:30 ET
Advanced Composites from Avient: Lightweighting Solutions for Fuel Efficiency
2021-05-13 20:30 ET
Avient Announces Quarterly Dividend
2021-04-30 10:40 ET
Avient Announces Record First Quarter 2021 Results; Increases Full Year Guidance
2021-04-14 21:00 ET
Avient To Hold First Quarter 2021 Conference Call
2021-04-05 12:00 ET
Avient Highlights Sustainable Solutions to Enable Post Consumer Recycled (PCR) Content in Packaging
2021-02-09 12:30 ET
Avient Announces Fourth Quarter and Full Year 2020 Results and Provides Guidance for 2021
2021-02-08 22:00 ET
Avient Announces Quarterly Dividend
2021-01-28 21:30 ET
Avient to Hold Webcast on February 9, 2021 to Review Fourth Quarter 2020 Results and 2021 Outlook
2021-01-14 12:30 ET
Avient To Hold Fourth Quarter 2020 Conference Call
2020-12-14 12:00 ET
Avient Provides Fourth Quarter 2020 Updates
2020-11-03 11:35 ET
Avient Announces Third Quarter 2020 Results
2020-10-26 20:30 ET
Avient Releases Sustainability Report, Announces Sustainability Goals for 2030
2020-10-14 21:38 ET
Avient Announces Tenth Consecutive Annual Increase in Quarterly Dividend
2020-10-12 10:30 ET
Avient To Hold Third Quarter 2020 Conference Call
2020-10-02 12:00 ET
Avient Appoints Cathy K. Dodd to President of Distribution
2020-09-24 20:39 ET
Avient Provides Third Quarter 2020 Performance Update
2020-08-24 10:45 ET
Avient Hires Jamie A. Beggs as Chief Financial Officer
2020-07-22 10:44 ET
Avient Announces Second Quarter 2020 Results
2020-07-16 20:13 ET
Avient Announces Quarterly Dividend

SEC forms

Show financial reports only

SEC form 10
2024-02-20 12:52 ET
Avient Corporation published news for 2023 q4
SEC form 10
2024-02-20 00:00 ET
Avient Corporation published news for 2023 q4
SEC form 8
2024-02-14 00:00 ET
Avient Corporation published news for 2023 q4
SEC form 8
2024-02-14 00:00 ET
Avient Corporation reported for 2023 q4
SEC form 10
2023-11-02 13:15 ET
Avient Corporation published news for 2023 q3
SEC form 8
2023-11-02 06:01 ET
Avient Corporation reported for 2023 q3
SEC form 10
2023-11-02 00:00 ET
Avient Corporation published news for 2023 q3
SEC form 10
2023-07-27 12:00 ET
Avient Corporation published news for 2023 q2
SEC form 6
2023-07-27 06:02 ET
Avient Corporation reported for 2023 q2
SEC form 8
2023-07-27 00:00 ET
Avient Corporation published news for 2023 q2
SEC form 6
2023-06-23 15:33 ET
Avient Corporation published news for 2023 q1
SEC form 8
2023-05-03 00:00 ET
Avient Corporation published news for 2023 q1
SEC form 10
2023-02-22 00:00 ET
Avient Corporation reported for 2022 q4
SEC form 8
2023-02-15 00:00 ET
Avient Corporation reported for 2022 q4
SEC form 10
2022-11-02 00:00 ET
Avient Corporation reported for 2022 q3
SEC form 8
2022-11-02 00:00 ET
Avient Corporation reported for 2022 q3
SEC form 8
2022-07-26 00:00 ET
Avient Corporation reported for 2022 q2
SEC form 10
2022-07-26 00:00 ET
Avient Corporation reported for 2022 q2
SEC form 10
2022-04-27 00:00 ET
Avient Corporation reported for 2022 q1
SEC form 10
2022-02-22 00:00 ET
Avient Corporation published news for 2021 q4
SEC form 8
2022-02-08 00:00 ET
Avient Corporation published news for 2021 q4
SEC form 10
2021-10-28 00:00 ET
Avient Corporation published news for
SEC form 8
2021-10-28 00:00 ET
Avient Corporation published news for 2021 q3
SEC form 10
2021-07-30 00:00 ET
Avient Corporation published news for 2021 q2
SEC form 8
2021-07-30 00:00 ET
Avient Corporation published news for 2021 q2
SEC form 10
2021-04-30 00:00 ET
Avient Corporation published news for 2021 q1
SEC form 8
2021-04-30 00:00 ET
Avient Corporation published news for 2021 q1