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Avient Corp

Basic Materials US AVNT

48.53USD
-0.61(1.24%)

Last update at 2024-10-07T18:50:00Z

Day Range

48.4548.99
LowHigh

52 Week Range

27.5543.59
LowHigh

Fundamentals

  • Previous Close 49.14
  • Market Cap3753.11M
  • Volume120778
  • P/E Ratio121.09
  • Dividend Yield2.50%
  • EBITDA457.00M
  • Revenue TTM3214.20M
  • Revenue Per Share TTM35.30
  • Gross Profit TTM 964.00M
  • Diluted EPS TTM0.34

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 63.80M 304.60M 139.00M 109.40M 197.20M
Minority interest -0.30000M 0.20M 1.80M 0.80M 0.60M
Net income 83.10M 230.80M 131.60M 75.70M 159.80M
Selling general administrative 639.40M 718.40M 540.50M 0.40M 471.20M
Selling and marketing expenses - - 54.50M 500.00M -
Gross profit 882.70M 1099.60M 784.30M 657.20M 744.90M
Reconciled depreciation 163.10M 145.90M 115.00M 87.50M 91.50M
Ebit 183.60M 381.20M 189.30M 156.80M 261.10M
Ebitda 346.70M 525.80M 328.60M 256.40M 352.60M
Depreciation and amortization 163.10M 144.60M 139.30M 99.60M 91.50M
Non operating income net other -59.70000M -1.30000M 24.30M 12.10M -13.70000M
Operating income 183.60M 381.20M 189.30M 156.80M 273.70M
Other operating expenses 3153.60M 4437.60M 3052.80M 2705.90M 3259.70M
Interest expense 119.80M 75.30M 74.60M 59.50M 62.80M
Tax provision -19.30000M 74.00M 5.20M 33.70M 36.40M
Interest income - - - - -
Net interest income -119.80000M -75.30000M -74.60000M -59.50000M -62.80000M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense -19.30000M 74.00M 5.20M 33.70M 36.40M
Total revenue 3396.90M 4818.80M 3242.10M 2862.70M 3533.40M
Total operating expenses 639.40M 718.40M 595.00M 500.40M 471.20M
Cost of revenue 2514.20M 3719.20M 2457.80M 2205.50M 2788.50M
Total other income expense net -119.80000M -76.60000M -50.30000M -47.40000M -13.70000M
Discontinued operations 620.30M 79.00M -0.40000M 513.10M 72.10M
Net income from continuing ops 83.10M 230.60M 133.80M 75.70M 160.80M
Net income applicable to common shares 703.10M 230.80M 131.60M 588.60M 159.80M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 6085.00M 5002.90M 4871.30M 3265.90M 2723.30M
Intangible assets 1597.60M 925.20M 1008.50M 469.30M 423.40M
Earning assets - - - - -
Other current assets 115.30M 128.10M 89.90M 54.00M 69.80M
Total liab 3732.20M 3212.40M 3173.10M 2213.20M 2182.70M
Total stockholder equity 2334.50M 1774.70M 1683.60M 1051.90M 540.00M
Deferred long term liab 342.50M 100.60M 140.00M 63.50M 69.30M
Other current liab 53.30M 40.00M 30.20M 11.20M 4.60M
Common stock 1.20M 1.20M 1.20M 1.20M 1.20M
Capital stock 1.20M 1.20M 1.20M 1.20M 1.20M
Retained earnings 1823.60M 1208.00M 1057.40M 1001.20M 472.90M
Other liab 645.20M 365.70M 458.50M 259.30M 287.20M
Good will 1671.90M 1286.40M 1308.10M 685.70M 650.30M
Other assets 136.20M 208.40M 952.00M 133.80M 278.50M
Cash 641.10M 601.20M 649.50M 864.70M 170.90M
Cash and equivalents - - - - -
Total current liabilities 869.40M 946.30M 804.60M 695.10M 557.60M
Current deferred revenue 342.50M 319.60M 259.00M 361.20M 134.60M
Net debt 1595.70M 1332.00M 1304.20M 428.40M 1184.70M
Short term debt 19.20M 32.80M 43.70M 39.40M 19.40M
Short long term debt 2.20M 8.60M 18.60M 18.40M 19.40M
Short long term debt total 2236.80M 1933.20M 1953.70M 1293.10M 1355.60M
Other stockholder equity 585.50M 611.10M 598.60M 132.10M 148.20M
Property plant equipment 1049.20M 750.20M 694.90M 471.20M 384.50M
Total current assets 1569.70M 1832.70M 1583.50M 1506.40M 998.80M
Long term investments - - - - -
Net tangible assets -935.00000M -436.90000M -619.50000M -103.10000M -521.50000M
Short term investments - - - - -
Net receivables 440.60M 642.30M 516.60M 326.80M 413.40M
Long term debt 2176.70M 1850.30M 1854.00M 1210.90M 1336.20M
Inventory 372.70M 461.10M 327.50M 260.90M 344.70M
Accounts payable 454.40M 553.90M 471.70M 283.30M 399.00M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity 18.30M 15.80M 14.60M 0.80M 0.60M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -75.80000M -45.60000M 26.40M -82.60000M -82.30000M
Additional paid in capital - - - - -
Common stock total equity 1.20M 1.20M 1.20M 1.20M 1.20M
Preferred stock total equity - - - - -
Retained earnings total equity 1823.60M 1208.00M 1057.40M 1001.20M 472.90M
Treasury stock - -900.70000M -901.20000M -1043.10000M -1018.70000M
Accumulated amortization - - - - -
Non currrent assets other -206.30000M 208.40M 195.40M 133.30M 155.40M
Deferred long term asset charges - - - - -
Non current assets total 4515.30M 3170.20M 3287.80M 1759.50M 1724.50M
Capital lease obligations 57.90M 74.30M 81.10M 63.80M -
Long term debt total 2176.70M 1850.30M 1854.00M 1210.90M 1336.20M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -504.00000M -150.20000M -1431.60000M 611.90M -170.30000M
Change to liabilities -9.90000M 95.30M 107.10M -22.70000M 7.90M
Total cashflows from investing activities -504.00000M -150.20000M -1431.60000M 611.90M -170.30000M
Net borrowings 293.90M -18.50000M 632.70M -128.80000M 39.70M
Total cash from financing activities 166.40M -114.60000M 982.00M -219.20000M -148.10000M
Change to operating activities -20.60000M 33.40M -10.10000M 26.60M 9.50M
Net income 703.40M 230.60M 133.40M 588.80M 159.50M
Change in cash 39.90M -48.30000M -215.20000M 693.80M -72.70000M
Begin period cash flow 601.20M 649.50M 864.70M 170.90M 243.60M
End period cash flow 641.10M 601.20M 649.50M 864.70M 170.90M
Total cash from operating activities 398.40M 233.80M 221.60M 301.70M 253.70M
Issuance of capital stock 0.00000M 0.00000M 496.10M - -
Depreciation 163.10M 145.90M 115.00M 87.50M 91.50M
Other cashflows from investing activities -491.80000M -2.00000M -1367.90000M 813.20M 4.30M
Dividends paid -86.80000M -77.70000M -71.30000M -60.90000M 56.10M
Change to inventory 14.00M -139.50000M 40.20M 40.20M -10.60000M
Change to account receivables 32.60M -143.10000M -4.60000M 32.90M -11.30000M
Sale purchase of stock -36.40000M -4.20000M -22.40000M -26.90000M -123.00000M
Other cashflows from financing activities 1246.40M -14.20000M 587.40M -2.60000M -8.70000M
Change to netincome -536.40000M 12.70M 12.80M -439.70000M 25.80M
Capital expenditures 105.50M 100.60M 63.70M 81.70M 76.00M
Change receivables 32.60M -143.10000M -4.60000M 29.70M -11.30000M
Cash flows other operating 37.10M 1.70M -179.10000M 36.40M -
Exchange rate changes - - - - -8.00000M
Cash and cash equivalents changes 60.80M -31.00000M -228.00000M 694.40M -72.70000M
Change in working capital 36.70M -153.90000M 143.10M 70.80M -9.30000M
Stock based compensation 13.20M 11.20M 11.30M 12.30M 10.90M
Other non cash items -518.50000M 27.30M -180.10000M -454.50000M 5.90M
Free cash flow 292.90M 133.20M 157.90M 220.00M 177.70M

Peer Comparison

Sector: Basic Materials Industry: Specialty Chemicals

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
AVNT
Avient Corp
-0.61 1.24% 48.53 121.09 16.05 1.14 1.59 1.64 16.42
LIN
Linde plc Ordinary Shares
-6.93 1.48% 461.25 33.77 28.90 6.56 5.42 7.03 18.92
AIQUY
Air Liquide SA ADR
-0.1 0.27% 36.80 29.34 24.57 3.42 3.95 3.87 15.91
AIQUF
L'Air Liquide S.A
-0.004 0.0022% 182.79 29.39 24.69 3.41 3.97 3.87 15.91
SHW
Sherwin-Williams Co
-4.88 1.31% 366.42 33.33 27.40 3.38 20.60 3.88 21.36

Reports Covered

Stock Research & News

Profile

Avient Corporation operates as a formulator of material solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates in two segments, Color, Additives and Inks; and Specialty Engineered Materials. The Color, Additives and Inks segment offers specialized color and additive concentrates in solid and liquid form for thermoplastics; dispersions for thermosets; and specialty inks. Its products are used in various markets, including medical, pharmaceutical devices, food packaging, personal care, cosmetics, transportation, building products, recreational, athletic apparel, construction, filtration, outdoor furniture, healthcare, wire, and cable. The Specialty Engineered Materials segment provides specialty polymer formulations, services, and solutions for designers, assemblers, and processors of thermoplastic materials; and long glass and carbon fiber technology to thermoset and thermoplastic composites. The company sells its products through direct sales personnel, distributors, and commissioned sales agents. The company was formerly known as PolyOne Corporation and changed its name to Avient Corporation in June 2020. Avient Corporation was founded in 1885 and is headquartered in Avon Lake, Ohio.

Avient Corp

33587 Walker Road, Avon Lake, OH, United States, 44012

Key Executives

Name Title Year Born
Mr. Robert M. Patterson Chairman, Pres & CEO 1973
Ms. Jamie A. Beggs Sr. VP & CFO 1976
Ms. Lisa K. Kunkle Sr. VP, Gen. Counsel & Sec. 1969
Mr. Joel R. Rathbun Sr. VP of Mergers & Acquisitions 1973
Mr. Michael A. Garratt Sr. VP and Pres of Color, Additives & Inks - EMEA Region 1964
Mr. M. John Midea Jr. Sr. VP of Global Operations & Process Improvement 1964
Dr. Vinod Purayath Sr. VP & Chief Technology Officer 1979
Mr. Brian Schilf VP & Chief Information Officer NA
Mr. Giuseppe Di Salvo VP of Investor Relations & Treasurer NA
Kyle G. Rose VP of Corp. Communications NA

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