Avnet Inc

Technology
Electronic Components
www.avnet.com

Earnings Score
Moat Score
Safety Score

Market Cap $4.25B
PE 13
Debt $2.64B
Cash $188.91M
EV $6.70B
FCF $745.14M

Earnings

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Sales & Net Margins

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Earnings	$316.79M
EBIT	$604.99M
ROE	6%
ROA	5%
FCF	$745.14M
Equity	$4.88B
Growth Stability	-29%
PE	13.42
PEG	1.3
PB	0.87
P/FCF	5.71
P/S	0.19
Price/Cash	0.04
Debt/Equity	0.54
Debt/FCF	3.54
Net Margins	1%
Gross Margins	11%
Op. Margins	3%
Earnings CAGR	3%
Sales Growth YoY	-6%
Sales Growth QoQ	-6%
Sales CAGR	3%
FCF CAGR	4%
Equity CAGR	-0%
Earnings Stability	0.03
Earnings Growth YoY	-1%
Earnings Growth QoQ	1%
Earnings CAGR 5Y	10%

Sales CAGR 5Y	7%
FCF CAGR 5Y	6%
Equity CAGR 5Y	7%
Earnings CAGR 3Y	-5%
Sales CAGR 3Y	-5%
FCF CAGR 3Y	14%
Equity CAGR 3Y	7%
Market Cap	$4.25B
Revenue	$22.15B
Dividend Yield	3%
Payout Ratio	36%
Assets	$11.71B
Total Debt	$2.64B
Cash	$188.91M
Shares Outstanding	86.01M
EV	6.7B
Earnings Score	6%
Moat Score	65%
Safety Score	59%
Final Score	43%
Working Capital	5.78B
Current Ratio	2.44
Gross Profit	$2.43B
Shares Growth 3y	-4%
Equity Growth QoQ	1%
Equity Growth YoY	-2%

Assets & ROA

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Stockholders Equity & ROE

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Avnet is a global distributor of electronic components, connecting suppliers of semiconductors and other components to a base of 2.1 million small- and mid-sized customers in 140 countries. Avnet is the third largest semiconductor distributor in the world, and the largest for European chip distribution. Avnet services all levels of electronics design and development, servicing engineers with design tools, test kits, and services alongside its high-volume distribution for final designs.

SEC Filings

Direct access to Avnet Inc (AVT) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Mar 29
2024
- 10-Q Dec 28
- 10-Q Sep 28
- 10-K Jun 29
- 10-Q Mar 30
2023
- 10-Q Dec 30
- 10-Q Sep 30
- 10-K Jul 01
- 10-Q Apr 01

Sector Comparison

How does Avnet Inc compare to its competitors?

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Peter Lynch's Chart

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

CAGR 3%

Stability 3%

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Avnet Inc Discounted Cash Flow

Fully customizable DCF calculator online for Avnet Inc.

Years

Calculation mode

= $10B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$745M	$777M	$811M	$845M	$882M	$920M	$959M	$1B	$1B	$1.1B	$1.1B	$11B
DCF		$707M	$670M	$635M	$602M	$571M	$541M	$513M	$487M	$462M	$438M	$4.4B
Value	$10B

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	06/2015	07/2016	06/2017	06/2018	06/2019	06/2020	07/2021	07/2022	06/2023	06/2024	TTM
Net Margins	2%	2%	3%	-1%	1%	-0%	1%	3%	3%	2%	1%
ROA	-	7%	5%	2%	4%	-0%	3%	9%	10%	7%	5%
ROE	-	11%	10%	-3%	4%	-1%	5%	17%	16%	10%	6%

Bad Net Margins (1.41%)

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	06/2015	07/2016	06/2017	06/2018	06/2019	06/2020	07/2021	07/2022	06/2023	06/2024	TTM
Debt over FCF	-	47.63	18.31	18.76	4.33	2.18	30.73	-6.7	-3.46	7.34	3.54
Debt over Equity	0.49	0.78	0.36	0.39	0.49	0.38	0.31	0.43	0.66	0.69	0.54
Growth Stability	-	-	-	-29%	60%	-17%	-	100%	100%	90%	-29%

Neutral Debt/FCF ratio (3.54)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.54)

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

Bad Graham’s Stability (-29%)

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	06/2015	07/2016	06/2017	06/2018	06/2019	06/2020	07/2021	07/2022	06/2023	06/2024	CAGR 5Y
Revenue YoY growth	-	-6%	-33%	9%	3%	-10%	11%	24%	9%	-10%	7%
Earnings YoY growth	-	-11%	4%	-130%	-213%	-118%	-721%	259%	11%	-35%	10%
Equity YoY growth	-	0%	10%	-10%	-12%	-10%	10%	3%	13%	4%	7%
FCF YoY growth	-	-81%	31%	-3%	380%	40%	-94%	-761%	239%	-151%	6%