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Avnet Inc Stock Research

AVT

43.34USD+0.35(+0.81%)Market Closed

Market Summary

USD43.34+0.35
Market Closed
0.81%

AVT Alerts

AVT Stock Price

AVT RSI Chart

AVT Valuation

Market Cap

4.0B

Price/Earnings (Trailing)

4.6

Price/Sales (Trailing)

0.15

EV/EBITDA

3.01

Price/Free Cashflow

-3.73

AVT Price/Sales (Trailing)

AVT Profitability

Operating Margin

11.95%

EBT Margin

3.97%

Return on Equity

19.38%

Return on Assets

7.2%

Free Cashflow Yield

-26.84%

AVT Fundamentals

AVT Revenue

Revenue (TTM)

26.3B

Revenue Y/Y

14.53%

Revenue Q/Q

-0.48%

AVT Earnings

Earnings (TTM)

858.4M

Earnings Y/Y

61.71%

Earnings Q/Q

32.36%

Price Action

52 Week Range

35.4549.92
(Low)(High)

Last 7 days

0.1%

Last 30 days

-4.6%

Last 90 days

3.8%

Trailing 12 Months

2.2%

AVT Financial Health

Current Ratio

2.54

AVT Investor Care

Dividend Yield

2.54%

Dividend/Share (TTM)

1.1

Buy Backs (1Y)

7.92%

Diluted EPS (TTM)

8.9

Peers (Alternatives to Avnet)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
39.5B
16.3B
-1.61% -4.17%
17.5
2.42
7.13% -7.65%
33.7B
5.4B
-1.89% -1.50%
30.02
6.23
9.69% 25.73%
27.8B
14.2B
-4.56% -12.29%
21.11
1.96
0.76% -30.95%
26.0B
23.7B
-5.75% 10.01%
23.31
1.09
14.06% 12.74%
14.9B
5.8B
-5.29% -32.44%
30.01
2.57
2.74% -44.68%
11.2B
34.5B
1.15% 34.23%
11.44
0.32
15.08% 32.70%
MID-CAP
8.7B
62.3B
-5.76% -13.04%
13.4
0.14
97.20% 64.86%
7.9B
1.2B
0.58% 9.22%
43.3
6.42
-0.48% -28.07%
7.6B
37.1B
-1.30% -6.29%
5.31
0.2
7.68% 28.76%
4.0B
26.3B
-4.62% 2.23%
4.6
0.15
21.93% 88.67%
SMALL-CAP
737.2M
3.8B
-6.55% -16.98%
7.91
0.2
13.89% 13.53%
148.4M
291.0M
9.58% 18.41%
13.27
0.51
4.46% 35.11%
5.1M
20.5M
-24.62% -44.64%
25.68
0.25
12.52% 166.84%

Financials for Avnet

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue3.3%26,32825,47624,31123,16521,593
Cost Of Revenue3.5%23,18422,40221,34520,33419,007
Gross Profit2.3%3,1453,0742,9652,8312,586
  S&GA Expenses-0.8%1,9701,9861,9951,9981,949
EBITDA14.1%1,2051,057934770-
EBITDA Margin10.4%0.05*0.04*0.04*0.03*-
Earnings Before Taxes11.9%1,045934833676499
EBT Margin8.3%0.04*0.04*0.03*0.03*-
Interest Expenses30.5%16012310094.0090.00
Net Income12.2%858765692531455
Net Income Margin8.5%0.03*0.03*0.03*0.02*-
Free Cahsflow-18.1%-1,060-898-268-171-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets8.8%11,93010,96810,3899,7829,581
  Current Assets8.3%10,3049,5108,8778,2187,944
    Cash Equivalents301.6%32581.00154199168
  Inventory6.8%4,9734,6554,2443,6813,543
  Net PPE26.1%378300315323338
  Goodwill7.3%755704759805824
Liabilities7.9%7,5006,9496,1965,5255,378
  Current Liabilities-12.9%4,0584,6594,2524,0663,689
    LT Debt, Non Current63.2%2,9801,8261,4379221,145
Shareholder's Equity10.2%4,4304,0194,1934,2574,203
  Retained Earnings5.3%3,0892,9342,9212,8002,686
  Additional Paid-In Capital0.8%1,6791,6661,6571,6451,643
Shares Outstanding-3.0%91.0094.0099.0099.00-
Float-4,025----
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-10.7%-922-833-219-125-379
  Share Based Compensation5.6%39.0036.0037.0036.0034.00
Cashflow From Investing-391.1%-12242.0051.0041.0033.00
Cashflow From Financing101.6%1,213602156-9.29158
  Dividend Payments2.6%10410299.0095.0093.00
  Buy Backs9.0%35332418412192.00

Risks for AVT

What is the probability of a big loss on AVT?

51.1%


Probability that Avnet stock will be more than 20% underwater in next one year

19.6%


Probability that Avnet stock will be more than 30% underwater in next one year.

17.3%


Probability that Avnet stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does AVT drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Avnet was unfortunately bought at previous high price.

Drawdowns

Returns for AVT

Cumulative Returns on AVT

3.8%


10-Year Cumulative Returns

1.7%


7-Year Cumulative Returns

3.1%


5-Year Cumulative Returns

21.6%


3-Year Cumulative Returns

What are the long-term rolling returns for AVT?

FIve years rolling returns for Avnet.

Annualized Returns

Which funds bought or sold AVT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-24.84
-7,371,800
47,340,200
0.05%
2023-03-06
Rockefeller Capital Management L.P.
added
1.84
5,000
30,000
-%
2023-02-28
Voya Investment Management LLC
reduced
-2.1
721,819
6,403,820
0.01%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
reduced
-7.9
35,000
630,000
0.01%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
unchanged
-
1,938
9,938
-%
2023-02-21
NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC
reduced
-38.06
-141,859
352,141
0.01%
2023-02-21
MACQUARIE GROUP LTD
sold off
-100
-90,000
-
-%
2023-02-17
TRUIST FINANCIAL CORP
added
10.23
167,326
787,326
-%
2023-02-16
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main
added
1.84
448,775
3,046,780
-%
2023-02-15
LAZARD ASSET MANAGEMENT LLC
added
14.88
36,000
146,000
-%

1–10 of 44

Latest Funds Activity

Are funds buying AVT calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own AVT
No. of Funds

Avnet News

MarketBeat

MetLife Investment Management LLC Sells 3176 Shares of Avnet ....

MarketBeat,
46 hours ago

Investor's Business Daily

Simply Wall St

DirectorsTalk Interviews

Avnet. - Consensus Indicates Potential 8.6% Upside.

DirectorsTalk Interviews,
6 days ago

InvestorPlace

Nasdaq

Simply Wall St

Investor's Business Daily

Schedule 13G FIlings of Avnet

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
11.17%
10,224,425
SC 13G/A
Jan 24, 2023
blackrock inc.
9.5%
8,726,739
SC 13G/A
Jan 20, 2023
pzena investment management llc
10.14%
9,282,603
SC 13G/A
Sep 08, 2022
blackrock inc.
10.0%
9,474,276
SC 13G
Feb 09, 2022
vanguard group inc
10.85%
10,763,264
SC 13G/A
Feb 01, 2022
blackrock inc.
9.6%
9,551,529
SC 13G/A
Jan 19, 2022
pzena investment management llc
12.28%
12,185,337
SC 13G/A
Feb 10, 2021
vanguard group inc
10.81%
10,680,640
SC 13G/A
Jan 29, 2021
blackrock inc.
8.8%
8,677,865
SC 13G/A
Jan 29, 2021
pzena investment management llc
12.71%
12,561,805
SC 13G/A

AVT Fair Value

Avnet fair value in different scenarios

The table shows the Fair Value estimates for Avnet for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

76.36

76.19%

94.33

117.65%

159.56

268.16%

203.99

370.67%

300.88

594.23%
Current Inflation

71.30

64.51%

86.87

100.44%

142.46

228.70%

179.75

314.74%

262.50

505.68%
Very High Inflation

64.98

49.93%

77.74

79.37%

122.27

182.12%

151.56

249.70%

218.26

403.60%

Historical Avnet Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Avnet

View All Filings
Date Filed Form Type Document
Mar 16, 2023
4
Insider Trading
Mar 16, 2023
4
Insider Trading
Mar 16, 2023
4
Insider Trading
Mar 16, 2023
4
Insider Trading
Mar 08, 2023
424B2
Prospectus Filed
Mar 08, 2023
8-K
Current Report
Mar 06, 2023
424B2
Prospectus Filed
Mar 06, 2023
FWP
Prospectus Filed
Feb 10, 2023
SC 13G
Major Ownership Report
Feb 09, 2023
SC 13G/A
Major Ownership Report

Latest Insider Trading transactions for AVT

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-01-06
Obregon-Jimenez Rebeca
sold (taxes)
-45,516
41.53
-1,096
svp
2023-01-05
Arnold Ken E.
sold (taxes)
-113,958
41.53
-2,744
svp, chief people officer
2023-01-05
GALLAGHER PHILIP R
sold (taxes)
-918,021
41.53
-22,105
chief executive officer
2023-01-05
Chan Leng Jin
sold (taxes)
-105,154
41.53
-2,532
svp, cio
2023-01-05
McCoy Michael Ryan
sold (taxes)
-132,190
41.53
-3,183
svp, general counsel
2023-01-05
JACOBSON KENNETH A
sold (taxes)
-154,492
41.53
-3,720
chief financial officer
2023-01-05
McMullen Elizabeth
sold (taxes)
-70,933
41.53
-1,708
senior vp - operations
2023-01-03
Modjtabai Avid
acquired
-
-
4,334
-
2023-01-03
Jenkins Jo Ann
acquired
-
-
4,334
-
2023-01-03
LAWRENCE JAMES A
acquired
-
-
4,334
-

1–10 of 50

About Avnet

AVT Income Statement

2022-10-01
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Income Statement [Abstract]  
Sales$ 6,750,133$ 5,584,695
Revenue, Product and Service [Extensible List]us-gaap:TechnologyServiceMemberus-gaap:TechnologyServiceMember
Cost of sales$ 5,981,960$ 4,925,002
Cost, Product and Service [Extensible List]us-gaap:TechnologyServiceMemberus-gaap:TechnologyServiceMember
Gross profit$ 768,173$ 659,693
Selling, general and administrative expenses477,636486,178
Restructuring, integration and other expenses 5,272
Operating income290,537168,243
Other income (expense), net323(409)
Interest and other financing expenses, net(45,098)(22,844)
Income before taxes245,762144,990
Income tax expense61,50133,672
Net income$ 184,261$ 111,318
Earnings per share:  
Basic$ 1.96$ 1.12
Diluted$ 1.93$ 1.10
Shares used to compute earnings per share:  
Basic94,05199,647
Diluted95,636101,116
Cash dividends paid per common share$ 0.29$ 0.24

AVT Balance Sheet

2022-10-01
Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 01, 2022
Jul. 02, 2022
Current assets:  
Cash and cash equivalents$ 80,881$ 153,693
Receivables4,591,0204,301,002
Inventories4,654,9854,244,148
Prepaid and other current assets183,019177,783
Total current assets9,509,9058,876,626
Property, plant and equipment, net300,068315,204
Goodwill703,828758,833
Operating lease assets226,960227,138
Other assets227,645210,731
Total assets10,968,40610,388,532
Current liabilities:  
Short-term debt513,000174,422
Accounts payable3,466,6203,431,683
Accrued expenses and other624,959591,020
Short-term operating lease liabilities54,61254,529
Total current liabilities4,659,1914,251,654
Long-term debt1,825,5141,437,400
Long-term operating lease liabilities196,908199,418
Other liabilities267,458307,300
Total liabilities6,949,0716,195,772
Commitments and contingencies (Note 7)
Shareholders' equity:  
Common stock $1.00 par; authorized 300,000,000 shares; issued 92,328,956 shares and 95,701,630 shares, respectively92,32995,702
Additional paid-in capital1,665,8461,656,907
Retained earnings2,934,2052,921,399
Accumulated other comprehensive loss(673,045)(481,248)
Total shareholders' equity4,019,3354,192,760
Total liabilities and shareholders' equity$ 10,968,406$ 10,388,532