Avient Corporation (AVNT) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+95.8%

$86.54

vs $44.19 price

Levered DCF

$21.21

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.99

Grey zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	34.71×	21.97×	50.08×	4.38×	22.11×	27.59×	37.54×	14.23×
P/B	1.2×	1.61×	1.63×	1.32×	2.88×	2.14×	2.7×	4.22×
P/S	0.88×	1.15×	1.2×	0.91×	1.54×	1.12×	0.99×	0.65×
EV / EBITDA	7.78×	10.46×	13.75×	13.48×	15.14×	15.01×	12.75×	13.28×
Gross margin	32.5%	32.6%	28.7%	26.0%	28.5%	24.2%	23.0%	21.1%
Operating margin	6.2%	10.2%	7.0%	7.2%	8.4%	5.8%	5.5%	7.7%
Net margin	2.5%	5.2%	2.4%	4.5%	7.0%	4.1%	20.6%	4.5%
Current ratio	1.66×	1.88×	1.82×	1.81×	1.94×	2×	2.15×	1.79×
Debt / equity	0.81×	0.93×	0.92×	0.96×	1.08×	1.15×	1.23×	2.51×
Interest coverage	2.06×	3.12×	1.92×	1.33×	2.66×	2.31×	2.64×	4.36×
Dividend yield	3.5%	2.5%	2.4%	2.8%	1.5%	2.0%	2.1%	2.5%
Payout ratio	120.6%	55.5%	119.2%	56.7%	33.7%	54.2%	10.2%	35.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	3.4%	7.3%	3.3%	6.6%	13.0%	7.8%	56.0%	29.6%
Return on invested capital	2.9%	4.9%	3.7%	4.6%	5.1%	4.4%	4.2%	10.2%
Return on assets	1.4%	2.9%	1.3%	2.5%	4.6%	2.7%	18.0%	5.9%
Free cash flow yield	6.8%	3.6%	2.2%	9.5%	2.6%	4.4%	7.7%	7.8%
Earnings yield	2.9%	4.5%	2.0%	5.0%	4.5%	3.6%	20.7%	7.0%
Enterprise value	$4.3B	$5.3B	$5.4B	$4.7B	$6.4B	$4.9B	$3.3B	$3.5B
Net debt / EBITDA	2.57×	3.14×	4.07×	4.6×	3.1×	3.97×	1.67×	4.54×
Cash conversion cycle (days)	42	33	33	35	29	37	38	41