Avient Corp

Industrials
Major Chemicals
www.avient.com

Earnings Score
Moat Score
Safety Score

Market Cap $4.55B
PE 30
Debt $2.11B
Cash $505.70M
EV $6.16B
FCF $163.50M

Earnings

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Sales & Net Margins

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Earnings	$149.80M
EBIT	$286.80M
ROE	6%
ROA	5%
FCF	$163.50M
Equity	$2.38B
Growth Stability	-45%
PE	30.39
PEG	-1.71
PB	1.91
P/FCF	27.84
P/S	1.42
Price/Cash	0.11
Debt/Equity	0.89
Debt/FCF	12.9
Net Margins	5%
Gross Margins	31%
Op. Margins	9%
Earnings CAGR	5%
Sales Growth YoY	8%
Sales Growth QoQ	-4%
Sales CAGR	0%
FCF CAGR	-0%
Equity CAGR	18%
Earnings Stability	0.05
Earnings Growth YoY	649%
Earnings Growth QoQ	14%
Earnings CAGR 5Y	-18%

Sales CAGR 5Y	0%
FCF CAGR 5Y	-9%
Equity CAGR 5Y	14%
Earnings CAGR 3Y	-17%
Sales CAGR 3Y	-17%
FCF CAGR 3Y	-19%
Equity CAGR 3Y	13%
Market Cap	$4.55B
Revenue	$3.21B
Dividend Yield	2%
Payout Ratio	62%
Assets	$6.05B
Total Debt	$2.11B
Cash	$505.70M
Shares Outstanding	91.13M
EV	6.16B
Earnings Score	7%
Moat Score	70%
Safety Score	44%
Final Score	40%
Working Capital	562.9M
Current Ratio	1.63
Gross Profit	$1.01B
Shares Growth 3y	0%
Equity Growth QoQ	2%
Equity Growth YoY	4%

Assets & ROA

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Stockholders Equity & ROE

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Avient Corp manufactures and sells a variety of chemical and plastic-based products to designers and processors of plastics. The firm operates in three segments: Specialty Engineered Materials; Distribution; and Color, Additives, & Ink. The company's product portfolio includes concentrated color and ink blends, plastic resins, and various specialized polymer materials used in industries such as food packaging, construction, transportation, cosmetics, and healthcare. The color, additives, & ink segment and the distribution segment together generate a vast majority of revenue. More than half of the total revenue is derived from the United States.

SEC Filings

Direct access to Avient Corp (AVNT) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Avient Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Avient Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 5%

Stability 5%

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Avient Corp Discounted Cash Flow

Fully customizable DCF calculator online for Avient Corp.

Years

Calculation mode

= $1.6B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$164M	$163M	$162M	$161M	$161M	$160M	$159M	$159M	$158M	$157M	$157M	$1.6B
DCF		$148M	$134M	$121M	$110M	$99M	$90M	$81M	$74M	$67M	$60M	$604M
Value	$1.6B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	2%	4%	5%	-2%	5%	21%	4%	5%	21%	2%	5%
ROA	-	10%	10%	10%	10%	5%	4%	8%	4%	3%	5%
ROE	-	21%	23%	-10%	30%	56%	8%	13%	30%	3%	6%

Bad Net Margins (4.86%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	8.69	9.43	11.04	7.83	5.76	12.1	14.13	7.57	25.79	12.9
Debt over Equity	1.4	1.68	1.78	2.26	2.57	1.2	1.12	1.05	0.94	0.91	0.89
Growth Stability	-	-	-	-45%	100%	100%	57%	79%	100%	21%	-45%

Bad Debt/FCF ratio (12.9)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (0.89)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-45%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-12%	-1%	-3%	9%	-19%	13%	49%	-30%	-7%	0%
Earnings YoY growth	-	84%	14%	-135%	-376%	269%	-78%	75%	205%	-89%	-18%
Equity YoY growth	-	-9%	3%	-17%	-10%	95%	63%	5%	31%	-1%	14%
FCF YoY growth	-	18%	1%	-10%	45%	23%	-28%	-16%	120%	-72%	-9%