Avnet Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 261.93
Dividend & Yield1.16$ (2.65%)
Beta 1.34
Market capitalization 4.04B
Operating cash flow -833.49M
ESG Scores 10.2

Company description

Avnet, Inc., a technology solutions company, markets, sells, and distributes electronic components. The company operates through two segments, Electronic Components and Farnell. The Electronic Components segment markets, sells, and distributes semiconductors; interconnect, passive, and electromechanical devices; and other integrated components from electronic component manufacturers. It also offers design chain support that provides engineers with technical design solutions; engineering and technical resources to support product design, bill of materials development, and technical education and training; and supply chain solutions that provide support and logistical services to original equipment manufacturers, electronic manufacturing service providers, and electronic component manufacturers. In addition, this segment provides integrated solutions, such as technical design, integration, and assembly of embedded products, and systems and solutions primarily for industrial applications, as well as for intelligent and innovative embedded display solutions comprising touch and passive displays. Further, it develops and manufactures standard board and industrial subsystems, and application-specific devices that enable it to produce systems tailored to specific customer requirements. This segment serves various markets, such as automotive, medical, defense, aerospace, telecommunications, industrial, and digital editing. The Farnell segment distributes kits, tools, and electronic and industrial automation components, as well as test and measurement products to engineers and entrepreneurs. It has operations in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Avnet, Inc. was founded in 1921 and is headquartered in Phoenix, Arizona.

Sector: Technology - Industry: Electronics & Computer Distribution

Financial Ratios
Quick Ratio1.29
Working Capital0.05
Return On Equity0.05
Debt To Equity0.29
Fixed Asset Ratio0
Fixed Interest Cover4.23

Financial data

Financial Statements

Cashflow Statement 2019-06-29 2020-06-27 2021-07-03 2022-07-02
Change To Liabilities -377.86M -106.99M 620.97M 1.13B
Total Cashflows From Investing Activities -25.21M -135.02M -61.2M 51.3M
Net Borrowings 61.07M -308.4M -218.99M 455.58M
Total Cash From Financing Activities -582.68M -644.55M -314.01M 156.06M
Change To Operating Activities -229.96M -46.18M 30.92M 134.45M
Issuance Of Stock
Net Income 176.34M -31.08M 193.11M 692.38M
Change In Cash -75.02M -69.07M -277.35M -46M
Effect Of Exchange Rate -1.9M -19.68M 6.91M -34.05M
Total Cash From Operating Activities 534.77M 730.18M 90.95M -219.31M
Depreciation 180.84M 242.9M 188.7M 155.21M
Change To Account Receivables 464.98M 221.49M -615.35M -1.13B
Other Cashflows From Financing Activities 12.13M -14.33M -10.72M -16.65M
Change To Netincome 238.49M 183.26M 81.67M 18.34M
Capital Expenditures -122.69M -125.03M -68.74M -48.9M

Income Statement 2019-06-29 2020-06-27 2021-07-03 2022-07-02
Research Development
Income Before Tax 236.6M -129.59M 172.93M 833.33M
Net Income 176.34M -31.08M 193.11M 692.38M
Selling General Administrative 1.86B 1.83B 1.86B 1.98B
Gross Profit 2.49B 2.06B 2.24B 2.97B
Ebit 630.93M 232.69M 378.68M 987.54M
Operating Income 630.93M 232.69M 378.68M 987.54M
Interest Expense -134.87M -122.74M -89.47M -100.38M
Income Tax Expense 60.26M -98.5M -20.18M 140.96M
Total Revenue 19.52B 17.63B 19.53B 24.31B
Cost Of Revenue 17.03B 15.57B 17.29B 21.35B
Total Other Income ExpenseNet -394.34M -362.27M -205.75M -154.21M
Net Income From Continuing Ops 176.34M -31.08M 193.11M 692.38M
Net Income Applicable To Common Shares 176.34M -31.08M 193.11M 692.38M

Balance Sheet Statement 2019-06-29 2020-06-27 2021-07-03 2022-07-02
Total Liabilities 4.42B 4.38B 4.84B 6.2B
Total Stockholder Equity 4.14B 3.73B 4.08B 4.19B
Other Current Liabilities 165.96M 197.84M 250.3M 286.84M
Total Assets 8.56B 8.11B 8.93B 10.39B
Common Stock 104.04M 98.79M 99.6M 95.7M
Other Current Assets 5.51M 18.99M 15.72M 24.91M
Retained Earnings 2.77B 2.42B 2.52B 2.92B
Treasury Stock -304.04M -388.38M -153.75M -481.25M
Cash 546.11M 477.04M 199.69M 153.69M
Total Current Liabilities 2.58B 2.28B 3.06B 4.25B
Other Stockholder Equity -304.04M -388.38M -153.75M -481.25M
Property, Plant, and Equipment 452.17M 680.52M 634.44M 542.34M
Total Current Assets 6.88B 6.33B 7.16B 8.88B
Net Tangible Assets 3.12B 2.89B 3.22B 3.42B
Net Receivables 3.17B 2.93B 3.58B 4.3B
Accounts Payable 1.86B 1.75B 2.4B 3.43B


Insider Transactions

Here are the insider transactions of stock shares related to Avnet Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
LIGUORI THOMASStock Award(Grant) at price 0.00 per share.D2022-08-30Chief Financial Officer11.68k
GALLAGHER PHILIP RStock Award(Grant) at price 0.00 per share.D2022-08-30Chief Executive Officer84.37k
JACOBSON KENNETH AStock Award(Grant) at price 0.00 per share.D2022-08-30Officer14.2k
ARNOLD KEN EStock Award(Grant) at price 0.00 per share.D2022-08-30Officer14.88k
MCCOY MICHAEL RYANStock Award(Grant) at price 0.00 per share.D2022-08-30General Counsel10.8k
MCCOY MICHAEL RYANStock Award(Grant) at price 0.00 per share.D2022-08-30General Counsel11.93k
MCMULLEN ELIZABETHStock Award(Grant) at price 0.00 per share.D2022-08-30Officer3.98k
CHAN LENG JINStock Award(Grant) at price 0.00 per share.D2022-08-30Chief Technology Officer5.68k
LIGUORI THOMASSale at price 45.03 per share.D2022-08-18Chief Financial Officer24.22k
LIGUORI THOMASSale at price 43.92 per share.D2022-08-17Chief Financial Officer24.22k
LIGUORI THOMASSale at price 44.73 per share.D2022-08-16Chief Financial Officer20.16k
LIGUORI THOMASConversion of Exercise of derivative security at price 29.85 per share.D2022-08-16Chief Financial Officer20.16k
SCHUMANN WILLIAM H IIISale at price 45.20 per share.D2022-05-04Director3.86k
CHAN LENG JINSale at price 41.97 per share.D2022-02-16Chief Technology Officer10k
MCMULLEN ELIZABETHSale at price 41.00 per share.D2022-02-03Officer8k
LIGUORI THOMASSale at price 41.97 per share.D2022-01-18Chief Financial Officer21.62k
LAWRENCE JAMES AStock Award(Grant) at price 0.00 per share.D2022-01-03Director3.86k
SCHUMANN WILLIAM H IIIStock Award(Grant) at price 0.00 per share.D2022-01-03Director3.86k
MADDOCK ERNEST EStock Award(Grant) at price 0.00 per share.D2022-01-03Director3.86k
MODJTABAI AVIDStock Award(Grant) at price 0.00 per share.D2022-01-03Director3.86k
ADKINS RODNEY C.Stock Award(Grant) at price 0.00 per share.D2022-01-03Director3.86k
SANCHEZ ADALIO TStock Award(Grant) at price 0.00 per share.D2022-01-03Director3.86k
JENKINS JO ANN C.Stock Award(Grant) at price 0.00 per share.D2022-01-03Director3.86k
BOZOTTI CARLOStock Award(Grant) at price 0.00 per share.D2022-01-03Director3.86k
BADHORN DAYNAStock Award(Grant) at price 0.00 per share.D2021-12-22Officer3.15k
LIGUORI THOMASStock Gift at price 0.00 per share.D2021-12-08Chief Financial Officer4k
MCMULLEN ELIZABETHSale at price 38.47 per share.D2021-09-13Officer3.25k
MADDOCK ERNEST EStock Award(Grant) at price 40.12 per share.D2021-08-25Director1.41k
LIGUORI THOMASStock Award(Grant) at price 0.00 per share.D2021-08-23Chief Financial Officer20.19k
GALLAGHER PHILIP RStock Award(Grant) at price 0.00 per share.D2021-08-23Chief Executive Officer63.1k
JACOBSON KENNETH AStock Award(Grant) at price 0.00 per share.D2021-08-23Officer12.12k
ARNOLD KEN EStock Award(Grant) at price 0.00 per share.D2021-08-23Officer10.1k
MCCOY MICHAEL RYANStock Award(Grant) at price 0.00 per share.D2021-08-23General Counsel10.41k
MCMULLEN ELIZABETHStock Award(Grant) at price 0.00 per share.D2021-08-23Officer3.78k
BADHORN DAYNAStock Award(Grant) at price 0.00 per share.D2021-08-23Officer3.78k
CHAN LENG JINStock Award(Grant) at price 0.00 per share.D2021-08-23Chief Technology Officer6k
JACOBSON KENNETH ASale at price 44.70 per share.D2021-05-27Officer5.36k
ARNOLD KEN ESale at price 44.63 - 44.68 per share.D2021-05-24Officer3.5k
CHAN LENG JINSale at price 44.29 per share.D2021-05-07Chief Technology Officer10k
GALLAGHER PHILIP RSale at price 43.57 per share.D2021-05-06Chief Executive Officer23.13k
GALLAGHER PHILIP RConversion of Exercise of derivative security at price 32.43 per share.D2021-05-06Chief Executive Officer23.13k
GALLAGHER PHILIP RSale at price 42.62 per share.D2021-05-04Officer21.15k
GALLAGHER PHILIP RConversion of Exercise of derivative security at price 27.94 per share.D2021-05-04Officer21.15k
SCHUMANN WILLIAM H IIISale at price 38.23 per share.D2021-02-09Director4.54k
CHAN LENG JINStock Award(Grant) at price 0.00 per share.D2021-01-25Chief Technology Officer1.91k
LAWRENCE JAMES AStock Award(Grant) at price 0.00 per share.D2021-01-04Director4.54k
BRADLEY MICHAEL AStock Award(Grant) at price 0.00 per share.D2021-01-04Director4.54k
SCHUMANN WILLIAM H IIIStock Award(Grant) at price 0.00 per share.D2021-01-04Director4.54k
MODJTABAI AVIDStock Award(Grant) at price 0.00 per share.D2021-01-04Director4.54k
ADKINS RODNEY C.Stock Award(Grant) at price 0.00 per share.D2021-01-04Director4.54k
SANCHEZ ADALIO TStock Award(Grant) at price 0.00 per share.D2021-01-04Director4.54k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Avnet Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Avnet Inc

Here is the result of two systematic investment strategies applied to Avnet Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Avnet Inc

The following chart shows the equity curve of the two systematic investment strategies applied to Avnet Inc:

Avnet Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 9.57% on the backtest period.

Performance at glance

Performance

9.57 %

Latent gain

165.48 $

Invested capital

1728.62 $

Annualized return

2.33 %
Build your Trading System
Automated Trading using Prorealtime ebook

Momentum strategy results on Avnet Inc

This is the result of two momentum investment strategies applied to Avnet Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Avnet Inc

The following chart shows all the entries opened by the momentum investment system on Avnet Inc:

Avnet Inc momentum entries
  • The first momentum investment strategy would give 13.17% of return on Avnet Inc. That represents 727.1$ of latent gain with 5519.4$ of employed capital.
  • The second momentum investment strategy would give 11.38% of return on Avnet Inc. That represents 341.66$ of latent gain with 3003.24$ of employed capital.
Performance at glance (1Q Momentum)

Performance

13.17 %

Latent gain

727.1 $

Invested capital

5519.4 $

Annualized return

8.23 %
Performance at glance (2Q Momentum)

Performance

11.38 %

Latent gain

341.66 $

Invested capital

3003.24 $

Annualized return

3.14 %

Momentum equity curve on Avnet Inc

The following chart shows the equity curve of the two momentum strategies applied to Avnet Inc:

Avnet Inc momentum equity

Note: the dividends potentially given by Avnet Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Avnet Inc

The following chart shows the employed capital evolution of the two momentum strategies on Avnet Inc since the beginning:

Avnet Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Avnet Inc

Buy the dip entry openings on Avnet Inc

Avnet Inc

The performance achieved by the robo-advisor on Avnet Inc is 17.29%. That represents 213.9$ of latent gain with 1236.9$ of employed capital. The following chart shows Avnet Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Avnet Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

17.29 %

Latent gain

213.9 $

Invested capital

1236.9 $

Annualized return

8.23 %

Equity curve of the strategy applied to Avnet Inc

The following chart shows the result of the investment strategy applied to Avnet Inc:

Avnet Inc

Note: the dividends potentially given by Avnet Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Avnet Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on Avnet Inc:

Avnet Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Avnet Inc

In this section, I will compare the three previous investment strategies applied to Avnet Inc.

Equity curve comparison on Avnet Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Avnet Inc investment strategy comparison

Employed capital comparison on Avnet Inc

Avnet Inc investment comparison

Performance comparison on Avnet Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 9.57% 165.48$ 1728.62$ 2.33%
Momentum 1 quarter 13.17% 727.1$ 5519.4$ 3.41%
Momentum 2 quarters 11.38% 341.66$ 3003.24$ 3.14%
Non-directional 17.29% 213.9$ 1236.9$ 8.23%
Annualized return comparison

Automatic investment

2.33 %

Momentum 1Q

3.14 %

Momentum 2Q

3.14 %

Non-directional

8.23 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Avnet Inc:


Company information

Company name Avnet Inc
Country United States
City Phoenix
Address 2211 South 47th Street
Phone 480 643 2000
Website www.avnet.com
FullTime employees 15300
Industry Electronics & Computer Distribution
Sector Technology
Exchange XNAS
Ticker AVT
Market www.nasdaq.com

Avnet Inc ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 3.5
Peer Environment Performance 3.0937037037037
Environment Percentile unknown
Palm Oil no
Nuclear no
Fur Leather no
GMO no
Coal no
Pesticides no
Animal Testing no

Social scores

Social ESG Factors Scores
Social Score 3.1
Peer Social Performance 6.082037037037
Social Percentile unknown
Highest Controversy 1
Peer Highest Controversy Performance 1.5454545454545
Adult no
Gambling no
Alcoholic no
Tobacco no
Catholic no
Controversial Weapons no
Small Arms no
Military Contract no
Peer Count yes

Related Controversy: Society & Community Incidents


Governance scores

Governance ESG Factors Scores
Governance Score 3.6
Peer Governance Performance 7.1781481481481
Governance Percentile unknown

ESG at glance
Total ESG Scores: 10.2
Environment Score: 3.5
Social Score: 3.1
Governance Score: 3.6

ESG Performance: UNDER_PERF

Peer Group: Technology Hardware

Peer Esg Score Performance: 16.164727272727

Rating Year: 2022

Rating Month: 8

Max Age: 86400

Percentile: 3