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Avnet, Inc is an electronics & computer distribution business based in the US. Avnet shares (AVT) are listed on the NASDAQ and all prices are listed in US Dollars. Avnet employs 14,600 staff and has a trailing 12-month revenue of around USD$17.6 billion.
Since the stock market crash in March caused by coronavirus, Avnet's share price has had significant negative movement.
Its last market close was USD$28.23, which is 20.66% down on its pre-crash value of USD$35.58 and 58.15% up on the lowest point reached during the March crash when the shares fell as low as USD$17.85.
If you had bought USD$1,000 worth of Avnet shares at the start of February 2020, those shares would have been worth USD$627.40 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$770.40.
|Latest market close||USD$28.23|
|52-week range||USD$21.73 - USD$43|
|50-day moving average||USD$27.2583|
|200-day moving average||USD$27.4901|
|Wall St. target price||USD$30.25|
|Dividend yield||USD$0.84 (2.92%)|
|Earnings per share (TTM)||USD$1.248|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2020-11-23)||-4.82%|
|1 month (2020-10-30)||14.43%|
|3 months (2020-08-28)||0.39%|
|6 months (2020-05-29)||3.63%|
|1 year (2019-11-29)||-30.55%|
|2 years (2018-11-30)||-35.58%|
|3 years (2017-11-30)||-31.83%|
|5 years (2015-11-30)||-37.71%|
Valuing Avnet stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Avnet's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Avnet's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 30x. In other words, Avnet shares trade at around 30x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Avnet's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.1124. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Avnet's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Avnet's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$404.1 million.
The EBITDA is a measure of a Avnet's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$17.6 billion|
|Operating margin TTM||1.32%|
|Gross profit TTM||USD$2.1 billion|
|Return on assets TTM||1.75%|
|Return on equity TTM||-0.75%|
|Market capitalisation||USD$2.8 billion|
TTM: trailing 12 months
There are currently 2.7 million Avnet shares held short by investors – that's known as Avnet's "short interest". This figure is 1.8% up from 2.6 million last month.
There are a few different ways that this level of interest in shorting Avnet shares can be evaluated.
Avnet's "short interest ratio" (SIR) is the quantity of Avnet shares currently shorted divided by the average quantity of Avnet shares traded daily (recently around 665803.0075188). Avnet's SIR currently stands at 3.99. In other words for every 100,000 Avnet shares traded daily on the market, roughly 3990 shares are currently held short.
However Avnet's short interest can also be evaluated against the total number of Avnet shares, or, against the total number of tradable Avnet shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Avnet's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 Avnet shares in existence, roughly 30 shares are currently held short) or 0.04% of the tradable shares (for every 100,000 tradable Avnet shares, roughly 40 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Avnet.
Find out more about how you can short Avnet stock.
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Avnet.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 12.4
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Avnet's overall score of 12.4 (as at 10/01/2020) is excellent – landing it in it in the 8th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Avnet is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 7.15/100
Avnet's environmental score of 7.15 puts it squarely in the 6th percentile of companies rated in the same sector. This could suggest that Avnet is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 6.85/100
Avnet's social score of 6.85 puts it squarely in the 6th percentile of companies rated in the same sector. This could suggest that Avnet is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 5.39/100
Avnet's governance score puts it squarely in the 6th percentile of companies rated in the same sector. That could suggest that Avnet is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
|Total ESG score||12.4|
|Total ESG percentile||7.76|
|Environmental score percentile||6|
|Social score percentile||6|
|Governance score percentile||6|
Dividend payout ratio: 41.58% of net profits
Recently Avnet has paid out, on average, around 41.58% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.92% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Avnet shareholders could enjoy a 2.92% return on their shares, in the form of dividend payments. In Avnet's case, that would currently equate to about $0.84 per share.
While Avnet's payout ratio might seem fairly standard, it's worth remembering that Avnet may be investing much of the rest of its net profits in future growth.
Avnet's most recent dividend payout was on 23 September 2020. The latest dividend was paid out to all shareholders who bought their shares by 8 September 2020 (the "ex-dividend date").
Avnet's shares were split on a 2:1 basis on 29 September 2000. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Avnet shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Avnet shares which in turn could have impacted Avnet's share price.
Over the last 12 months, Avnet's shares have ranged in value from as little as $21.73 up to $43. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Avnet's is 1.3861. This would suggest that Avnet's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Avnet, Inc., a technology solutions company, markets, sells, and distributes electronic components. The company operates through two segments, Electronic Components and Farnell. The Electronic Components segment markets, sells, and distributes semiconductors; interconnect, passive, and electromechanical devices; and other integrated components from electronic component manufacturers. It also offers design chain support that provides engineers with technical design solutions; engineering and technical resources to support product design, bill of materials development, and technical education and training; and supply chain solutions that provide support and logistical services to original equipment manufacturers, electronic manufacturing service providers, and electronic component manufacturers. In addition, this segment provides integrated solutions, such as technical design, integration, and assembly of embedded products, and systems and solutions primarily for industrial applications, as well as for intelligent embedded and innovative display solutions comprising touch and passive displays. Further, it develops and manufactures standard board and industrial subsystems, and application-specific devices that enable it to produce systems tailored to specific customer requirements. This segment serves various markets, including automotive, medical, defense, aerospace, telecommunications, industrial, and digital editing. The Farnell segment distributes kits, tools, and electronic and industrial automation components, as well as test and measurement products to engineers and entrepreneurs. It has operations in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Avnet, Inc. was founded in 1921 and is headquartered in Phoenix, Arizona.
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