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Avery Dennison Corp Stock Research

AVY

171.71USD+0.49(+0.29%)Market Closed

Market Summary

USD171.71+0.49
Market Closed
0.29%

AVY Alerts

AVY Stock Price

AVY RSI Chart

AVY Valuation

Market Cap

13.9B

Price/Earnings (Trailing)

18.33

Price/Sales (Trailing)

1.54

EV/EBITDA

12.86

Price/Free Cashflow

20.32

AVY Price/Sales (Trailing)

AVY Profitability

EBT Margin

11.06%

Return on Equity

37.26%

Return on Assets

9.52%

Free Cashflow Yield

4.92%

AVY Fundamentals

AVY Revenue

Revenue (TTM)

9.0B

Revenue Y/Y

-7.21%

Revenue Q/Q

-12.57%

AVY Earnings

Earnings (TTM)

757.1M

Earnings Y/Y

-32.73%

Earnings Q/Q

-44.51%

Price Action

52 Week Range

151.62204.37
(Low)(High)

Last 7 days

-3.9%

Last 30 days

-7.6%

Last 90 days

-5.6%

Trailing 12 Months

2.9%

AVY Financial Health

Current Ratio

0.99

Debt/Equity

1.23

Debt/Cashflow

0.38

AVY Investor Care

Dividend Yield

1.71%

Dividend/Share (TTM)

2.93

Buy Backs (1Y)

2.17%

Diluted EPS (TTM)

9.21

Peers (Alternatives to Avery Dennison)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
16.1B
15.0B
-6.20% -1.57%
15.03
1.07
10.18% 12.64%
15.6B
21.2B
-10.97% -17.49%
10.35
0.74
9.29% -14.16%
13.9B
9.0B
-7.59% 2.89%
18.33
1.54
7.50% 2.30%
13.4B
8.5B
-9.56% -13.97%
12.92
1.56
9.67% 22.43%
MID-CAP
7.4B
3.3B
1.44% -3.61%
30.76
2.22
2.94% -1.97%
7.3B
9.4B
-0.43% 21.23%
13.91
0.77
31.92% 155.88%
7.1B
21.2B
-16.68% -39.08%
8.76
0.33
10.00% -7.02%
6.5B
5.6B
-11.56% -32.88%
13.18
1.15
1.95% -3.00%
6.0B
14.0B
-12.15% -5.21%
7.93
0.41
-2.13% 3.73%
5.4B
7.3B
-8.96% -1.91%
11.61
0.75
29.70% 645.69%
2.4B
999.6M
1.27% 44.25%
215.39
2.37
3.34% -90.08%
SMALL-CAP
860.4M
318.9M
0.36% 99.41%
23.54
2.7
63.43% 117.03%
728.6M
881.1M
-16.62% 8.31%
13.47
0.83
25.99% 84.79%
5.3M
-
-20.74% -76.97%
-10.33
0.05
0.61% 89.55%

Financials for Avery Dennison

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-1.7%9,0399,1978,9518,7068,408
Gross Profit-3.4%2,4042,4892,4242,3572,313
  S&GA Expenses-1.5%1,3311,3511,3171,2911,249
EBITDA-5.4%1,2611,3321,2791,315-
EBITDA Margin-3.7%0.14*0.14*0.14*0.15*-
Earnings Before Taxes-7.0%9991,0741,026993993
EBT Margin-5.3%0.11*0.12*0.11*0.11*-
Interest Expenses3.1%84.0082.0078.0074.0070.00
Net Income-7.3%757817760729740
Net Income Margin-5.7%0.08*0.09*0.08*0.08*-
Free Cahsflow15.4%683592686684-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-1.1%7,9518,0428,0928,1397,972
  Current Assets-6.1%2,7822,9622,9492,8942,735
    Cash Equivalents30.4%167128165147163
  Inventory-0.4%1,0101,014990961907
  Net PPE6.8%1,5401,4431,4511,4781,478
  Goodwill2.1%1,8621,8251,8561,8901,882
  Current Liabilities-4.7%2,8002,9393,0012,7232,548
  Long Term Debt1.6%2,5042,4632,4932,7742,786
Shareholder's Equity1.2%2,0322,0071,9371,9331,924
  Retained Earnings1.6%4,4154,3474,1824,0233,881
  Additional Paid-In Capital1.5%879867856845862
Shares Outstanding-0.4%81.0081.0081.0082.0083.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations6.9%9618999649641,047
  Share Based Compensation6.3%47.0045.0043.0038.0037.00
Cashflow From Investing8.1%-332-362-1,771-1,773-1,737
Cashflow From Financing-1.5%-615-606634629604
  Dividend Payments1.8%239235230225221
  Buy Backs1.6%380374355277181

Risks for AVY

What is the probability of a big loss on AVY?

56.5%


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

26.5%


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

0%


Probability that Avery Dennison 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 AVY drawdown profile look like?

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

Drawdowns

Returns for AVY

Cumulative Returns on AVY

17.0%


10-Year Cumulative Returns

15.7%


7-Year Cumulative Returns

10.6%


5-Year Cumulative Returns

18.7%


3-Year Cumulative Returns

What are the long-term rolling returns for AVY?

FIve years rolling returns for Avery Dennison.

Annualized Returns

Which funds bought or sold AVY recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
new
-
276,891
276,891
0.01%
2023-03-10
MATHER GROUP, LLC.
unchanged
-
29,668
294,668
0.01%
2023-03-10
BAILLIE GIFFORD & CO
added
21.00
5,901
21,901
-%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-2.03
30,675,700
372,029,000
0.41%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-33.46
-204,000
582,000
-%
2023-03-03
TIAA, FSB
reduced
-6.84
15,586
453,586
-%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
unchanged
-
258
3,258
-%
2023-03-01
SMITHBRIDGE ASSET MANAGEMENT INC/DE
new
-
902,000
902,000
0.24%
2023-02-28
Voya Investment Management LLC
added
10.11
19,768,100
107,637,000
0.15%
2023-02-24
National Pension Service
reduced
-0.26
2,105,820
22,463,500
0.04%

1–10 of 49

Latest Funds Activity

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

Avery Dennison News

Prothom Alo English

Poor people trying to survive on loans, cattle sale.

Prothom Alo English,
14 hours ago

The Business Standard

The Armchair Trader

Marketscreener.com

Avery Dennison : Invests in Circ.

Marketscreener.com,
16 days ago

Schedule 13G FIlings of Avery Dennison

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
price t rowe associates inc /md/
2.8%
2,242,669
SC 13G/A
Feb 09, 2023
vanguard group inc
12.17%
9,856,108
SC 13G/A
Feb 03, 2023
blackrock inc.
8.0%
6,514,175
SC 13G/A
Feb 14, 2022
price t rowe associates inc /md/
6.6%
5,486,584
SC 13G/A
Feb 09, 2022
vanguard group inc
11.65%
9,649,647
SC 13G/A
Feb 01, 2022
blackrock inc.
8.1%
6,726,210
SC 13G/A
Mar 10, 2021
price t rowe associates inc /md/
10.0%
8,325,980
SC 13G/A
Feb 16, 2021
price t rowe associates inc /md/
7.9%
6,670,587
SC 13G/A
Feb 10, 2021
vanguard group inc
11.15%
9,301,610
SC 13G/A
Jan 29, 2021
blackrock inc.
7.3%
6,093,371
SC 13G/A

AVY Fair Value

Avery Dennison fair value in different scenarios

The table shows the Fair Value estimates for Avery Dennison 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

102.82

-40.12%

146.51

-14.68%

203.19

18.33%

261.32

52.19%

324.47

88.96%
Current Inflation

94.60

-44.91%

132.00

-23.13%

179.50

4.54%

227.89

32.72%

280.51

63.36%
Very High Inflation

84.40

-50.85%

114.52

-33.31%

151.67

-11.67%

189.23

10.20%

230.16

34.04%

Historical Avery Dennison Fair Value Estimates


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

Recent SEC filings of Avery Dennison

View All Filings
Date Filed Form Type Document
Mar 15, 2023
8-K
Current Report
Mar 14, 2023
ARS
ARS
Mar 09, 2023
DEF 14A
DEF 14A
Mar 09, 2023
DEFA14A
DEFA14A
Mar 08, 2023
424B5
Prospectus Filed
Mar 08, 2023
8-K
Current Report
Mar 07, 2023
FWP
Prospectus Filed
Mar 06, 2023
4
Insider Trading
Mar 06, 2023
424B5
Prospectus Filed
Mar 03, 2023
4
Insider Trading

Latest Insider Trading transactions for AVY

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-03
Lopez Andres Alberto
sold
-1,055,600
182
-5,800
-
2023-03-02
Colisto Nicholas
sold
-693,212
180
-3,842
svp & cio
2023-03-01
Colisto Nicholas
acquired
931,764
182
5,112
svp & cio
2023-03-01
STANDER DEON
sold (taxes)
-987,357
182
-5,417
president & coo
2023-03-01
Lovins Gregory
acquired
3,475,890
182
19,070
svp and cfo
2023-03-01
Butier Mitchell R
acquired
12,567,300
182
68,949
chairman & ceo
2023-03-01
Bondar Lori J
sold (taxes)
-282,154
182
-1,548
vp, ctrlr, treasurer & cao
2023-03-01
Baker-Nel Deena
acquired
916,271
182
5,027
svp & chief hr officer
2023-03-01
STANDER DEON
acquired
2,416,170
182
13,256
president & coo
2023-03-01
Baker-Nel Deena
sold (taxes)
-445,468
182
-2,444
svp & chief hr officer

1–10 of 50

Mitchell R. Butier
36000
Avery Dennison Corporation manufactures and markets pressure-sensitive materials and products in the United States, Europe, Asia, Latin America, and internationally. The company's Label and Graphic Materials segment offers pressure-sensitive label and packaging materials; and graphics and reflective products under the Fasson, JAC, Avery Dennison, and Mactac brands, as well as durable cast and reflective films. It provides its products to the home and personal care, beer and beverage, durables, pharmaceutical, wine and spirits, and food market segments; architectural, commercial sign, digital printing, and other related market segments; construction, automotive, and fleet transportation market segments, as well as traffic and safety applications; and sign shops, commercial printers, and designers. The company's Retail Branding and Information Solutions segment designs, manufactures, and sells brand embellishments, graphic tickets, tags and labels, and sustainable packaging solutions, as well as offers creative services; radio-frequency identification products; visibility and loss prevention solutions; price ticketing and marking solutions; care, content, and country of origin compliance solutions; and brand protection and security solutions. It serves retailers, brand owners, apparel manufacturers, distributors, and industrial customers. The company's Industrial and Healthcare Materials segment offers tapes; pressure-sensitive adhesive based materials and converted products; medical fasteners; and performance polymers under the Fasson, Avery Dennison, and Yongle brands. It serves automotive, electronics, building and construction, general industrial, personal care, and medical markets. The company was formerly known as Avery International Corporation and changed its name to Avery Dennison Corporation in 1990. Avery Dennison Corporation was founded in 1935 and is headquartered in Glendale, California.

AVY Income Statement

2022-12-31
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Jan. 01, 2022
Jan. 02, 2021
Income Statement [Abstract]   
Net sales$ 9,039.3$ 8,408.3$ 6,971.5
Cost of products sold6,635.16,095.55,048.2
Gross profit2,404.22,312.81,923.3
Marketing, general and administrative expense1,330.81,248.51,060.5
Other expense (income), net(0.6)5.653.6
Interest expense84.170.270.0
Other non-operating expense (income), net(9.4)(4.1)1.9
Income before taxes999.3992.6737.3
Provision for income taxes242.2248.6177.7
Equity method investment (losses) gains0.0(3.9)(3.7)
Net income$ 757.1$ 740.1$ 555.9
Per share amounts:   
Net income per common share (in dollars per share)$ 9.28$ 8.93$ 6.67
Net income per common share, assuming dilution (in dollars per share)$ 9.21$ 8.83$ 6.61
Weighted average number of shares outstanding:   
Common shares (in shares)81.682.983.4
Common shares, assuming dilution (in shares)82.283.884.1

AVY Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Jan. 01, 2022
Current assets:  
Cash and cash equivalents$ 167.2$ 162.7
Trade accounts receivable, less allowances of $34.4 and $33 at year-end 2022 and 2021, respectively1,374.41,424.5
Inventories1,009.9907.2
Other current assets230.5240.2
Total current assets2,782.02,734.6
Property, plant and equipment, net1,540.21,477.7
Goodwill1,862.41,881.5
Other intangibles resulting from business acquisitions, net840.3911.4
Deferred tax assets115.1130.2
Other assets810.5836.2
Total assets7,950.57,971.6
Current liabilities:  
Short-term borrowings and current portion of long-term debt and finance leases598.6318.8
Accounts payable1,339.31,298.8
Accrued payroll and employee benefits228.5299.0
Accrued trade rebates173.8176.3
Income taxes payable76.274.9
Other current liabilities383.4380.1
Total current liabilities2,799.82,547.9
Long-term debt and finance leases2,503.52,785.9
Long-term retirement benefits and other liabilities367.1474.9
Deferred tax liabilities and income taxes payable247.9238.5
Commitments and contingencies (see Notes 7 and 8)
Shareholders’ equity:  
Common stock, $1 par value per share, authorized – 400,000,000 shares at year-end 2022 and 2021; issued – 124,126,624 shares at year-end 2022 and 2021; outstanding – 80,810,016 and 82,605,953 shares at year-end 2022 and 2021, respectively124.1124.1
Capital in excess of par value879.3862.3
Retained earnings4,414.63,880.7
Treasury stock at cost, 43,316,608 and 41,520,671 shares at year-end 2022 and 2021, respectively(3,021.8)(2,659.8)
Accumulated other comprehensive loss(364.0)(282.9)
Total shareholders’ equity2,032.21,924.4
Total liabilities and shareholders' equity$ 7,950.5$ 7,971.6