Avery Financial Statements From 2010 to 2024

AVY Stock  USD 211.33  0.44  0.21%   
Avery Dennison financial statements provide useful quarterly and yearly information to potential Avery Dennison Corp investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Avery Dennison financial statements helps investors assess Avery Dennison's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Avery Dennison's valuation are summarized below:
Gross Profit
2.4 B
Profit Margin
0.0601
Market Capitalization
17.1 B
Enterprise Value Revenue
2.3956
Revenue
8.4 B
We have found one hundred twenty available fundamental signals for Avery Dennison Corp, which can be analyzed and compared to other ratios and to its rivals. All investors should make sure to validate all of Avery Dennison Corp prevailing market performance against the performance between 2010 and 2024 to make sure the company can sustain itself down the road. Market Cap is likely to drop to about 5.3 B in 2024. Enterprise Value is likely to drop to about 6.2 B in 2024

Avery Dennison Total Revenue

5.24 Billion

Check Avery Dennison financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Avery main balance sheet or income statement drivers, such as Depreciation And Amortization of 178.7 M, Interest Expense of 125 M or Selling General Administrative of 995.2 M, as well as many exotic indicators such as Price To Sales Ratio of 0.83, Dividend Yield of 0.0277 or PTB Ratio of 3.62. Avery financial statements analysis is a perfect complement when working with Avery Dennison Valuation or Volatility modules.
  
This module can also supplement Avery Dennison's financial leverage analysis and stock options assessment as well as various Avery Dennison Technical models . Check out the analysis of Avery Dennison Correlation against competitors.

Avery Dennison Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets4.1 B8.2 B5.2 B
Slightly volatile
Short and Long Term Debt Total3.4 B3.2 B1.8 B
Slightly volatile
Other Current Liabilities466.4 M782.1 M609 M
Slightly volatile
Total Current Liabilities1.4 B2.7 B1.9 B
Slightly volatile
Total Stockholder Equity1.3 B2.1 B1.3 B
Slightly volatile
Property Plant And Equipment Net1.1 B1.6 B1.1 B
Slightly volatile
Net Debt3.2 BB1.6 B
Slightly volatile
Retained Earnings4.9 B4.7 B2.8 B
Slightly volatile
Cash225.8 M215 M205.4 M
Pretty Stable
Non Current Assets Total5.7 B5.4 B3.3 B
Slightly volatile
Non Currrent Assets Other850.1 M809.6 M544.3 M
Slightly volatile
Cash And Short Term Investments225.8 M215 M205.4 M
Pretty Stable
Net Receivables840.3 M1.4 B1.1 B
Slightly volatile
Common Stock Shares Outstanding78.5 M81.1 M89.5 M
Slightly volatile
Liabilities And Stockholders Equity4.1 B8.2 B5.2 B
Slightly volatile
Non Current Liabilities Total3.6 B3.4 B2.2 B
Slightly volatile
Inventory467.2 M920.7 M601 M
Slightly volatile
Other Current Assets149.3 M245.4 M204 M
Pretty Stable
Total Liabilities6.4 B6.1 B4.1 B
Slightly volatile
Property Plant And Equipment Gross4.2 BB1.6 B
Slightly volatile
Total Current Assets1.6 B2.8 B2.1 B
Slightly volatile
Short Term Debt653.3 M622.2 M326 M
Slightly volatile
Intangible AssetsB2.9 B596.8 M
Slightly volatile
Accounts Payable687.3 M1.3 B920.4 M
Slightly volatile
Common Stock Total Equity99.3 M111.7 M121.6 M
Slightly volatile
Common Stock99.3 M111.7 M121.6 M
Slightly volatile
Other Liabilities608.4 M576.6 M616 M
Very volatile
Other Assets663.7 M1.1 B677.1 M
Slightly volatile
Long Term Debt1.4 B2.6 B1.5 B
Slightly volatile
Property Plant Equipment966.8 M1.4 B1.1 B
Slightly volatile
Current Deferred Revenue17.2 M18.1 M116.3 M
Slightly volatile
Good Will1.2 BB1.1 B
Slightly volatile
Retained Earnings Total Equity2.9 B5.1 B2.8 B
Slightly volatile
Long Term Debt Total1.5 B2.9 B1.5 B
Slightly volatile
Capital Surpluse920.9 MB854.3 M
Slightly volatile
Deferred Long Term Asset Charges227.8 M184.8 M259.3 M
Slightly volatile
Short and Long Term Debt340.1 M622.2 M230.3 M
Slightly volatile
Long Term Investments6.8 M7.9 M8.8 M
Slightly volatile
Non Current Liabilities Other499.4 M500.3 M667.5 M
Slightly volatile
Cash And Equivalents170 M150.5 M198.6 M
Pretty Stable
Net Invested Capital4.4 B5.4 B3.4 B
Slightly volatile
Capital Stock99.3 M111.7 M121.6 M
Slightly volatile

Avery Dennison Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization178.7 M298.4 M201.2 M
Slightly volatile
Selling General Administrative995.2 M1.2 BB
Slightly volatile
Total Revenue5.2 B8.4 B6.4 B
Slightly volatile
Gross Profit1.5 B2.3 B1.7 B
Slightly volatile
Other Operating Expenses4.8 B7.4 B5.8 B
Slightly volatile
Operating IncomeB963.8 M651.3 M
Slightly volatile
EBITB963.8 M616.7 M
Slightly volatile
EBITDA647.1 M1.3 B781.7 M
Slightly volatile
Cost Of Revenue3.7 B6.1 B4.7 B
Slightly volatile
Total Operating Expenses1.1 B1.3 B1.1 B
Slightly volatile
Income Before Tax347.5 M694.7 M490 M
Slightly volatile
Net Income528.1 M503 M376.7 M
Slightly volatile
Research Development105.5 M135.8 M103.8 M
Slightly volatile
Net Income Applicable To Common Shares914.2 M870.7 M442.6 M
Slightly volatile
Net Income From Continuing Ops464.6 M503 M425.1 M
Slightly volatile
Reconciled Depreciation247.8 M298.4 M205.1 M
Slightly volatile
Selling And Marketing Expenses108.9 M135.8 M134.7 M
Slightly volatile

Avery Dennison Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow113.1 M166.5 M192.3 M
Pretty Stable
Depreciation199.6 M298.4 M207.2 M
Slightly volatile
Other Non Cash Items80.4 M87 M117 M
Very volatile
Dividends Paid144.9 M256.7 M156.6 M
Slightly volatile
Capital Expenditures208.5 M285.1 M211.4 M
Slightly volatile
Total Cash From Operating Activities519.2 M826 M582.5 M
Slightly volatile
Net Income273.2 M503 M356.9 M
Slightly volatile
End Period Cash Flow112.1 M215 M198.1 M
Very volatile
Change To Netincome122.6 M81.5 M153.1 M
Pretty Stable
Stock Based Compensation34.2 M22.3 M31.4 M
Pretty Stable

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio0.831.471.6874
Pretty Stable
Dividend Yield0.02770.01860.0175
Pretty Stable
PTB Ratio3.626.547.4824
Pretty Stable
Days Sales Outstanding46.649.9558.1093
Pretty Stable
Book Value Per Share23.5322.4120.8116
Slightly volatile
Free Cash Flow Yield0.03980.04040.0502
Slightly volatile
Invested Capital0.741.371.3879
Pretty Stable
Operating Cash Flow Per Share11.1310.610.6578
Slightly volatile
Stock Based Compensation To Revenue0.00510.0060.0046
Slightly volatile
PB Ratio3.626.547.4824
Pretty Stable
EV To Sales1.01.761.9828
Pretty Stable
Free Cash Flow Per Share7.677.317.6971
Slightly volatile
ROIC0.10.140.1459
Pretty Stable
Inventory Turnover6.35.917.0928
Slightly volatile
Net Income Per Share8.778.357.5273
Slightly volatile
Days Of Inventory On Hand53.6863.8952.224
Slightly volatile
Payables Turnover7.765.75.6013
Pretty Stable
Sales General And Administrative To Revenue0.180.150.1398
Slightly volatile
Research And Ddevelopement To Revenue0.01230.01360.0157
Slightly volatile
Cash Per Share2.32.192.1426
Slightly volatile
POCF Ratio9.8213.8314.5414
Pretty Stable
Interest Coverage7.0611.5912.5818
Pretty Stable
Payout Ratio0.340.360.3547
Slightly volatile
PFCF Ratio21.0720.0620.719
Slightly volatile
Days Payables Outstanding44.8766.3169.6564
Pretty Stable
Income Quality2.381.461.6506
Slightly volatile
ROE0.350.340.3402
Slightly volatile
EV To Operating Cash Flow11.7816.5817.1377
Pretty Stable
PE Ratio28.0822.4322.8903
Slightly volatile
Return On Tangible Assets0.140.130.1263
Slightly volatile
EV To Free Cash Flow25.2524.0524.4485
Slightly volatile
Earnings Yield0.04790.05890.0463
Very volatile
Intangibles To Total Assets0.320.310.3055
Slightly volatile
Net Debt To EBITDA1.371.922.0229
Very volatile
Current Ratio1.321.141.114
Pretty Stable
Receivables Turnover6.947.566.2977
Pretty Stable
Graham Number68.1464.8958.9537
Slightly volatile
Shareholders Equity Per Share23.5322.4120.8116
Slightly volatile
Debt To Equity0.741.371.3879
Pretty Stable
Revenue Per Share10599.791.7706
Slightly volatile
Interest Debt Per Share36.935.1432.423
Slightly volatile
Debt To Assets0.220.350.3493
Pretty Stable
Enterprise Value Over EBITDA8.111.613.401
Very volatile
Short Term Coverage Ratios3.121.852.7843
Very volatile
Price Earnings Ratio28.0822.4322.8903
Slightly volatile
Operating Cycle118128112
Slightly volatile
Price Book Value Ratio3.626.547.4824
Pretty Stable
Days Of Payables Outstanding44.8766.3169.6564
Pretty Stable
Dividend Payout Ratio0.340.360.3547
Slightly volatile
Price To Operating Cash Flows Ratio9.8213.8314.5414
Pretty Stable
Price To Free Cash Flows Ratio21.0720.0620.719
Slightly volatile
Pretax Profit Margin0.0530.09950.0995
Pretty Stable
Ebt Per Ebit0.771.060.8912
Slightly volatile
Operating Profit Margin0.07060.110.1108
Pretty Stable
Effective Tax Rate0.330.280.2761
Pretty Stable
Company Equity Multiplier2.523.523.8174
Very volatile
Long Term Debt To Capitalization0.320.50.5198
Pretty Stable
Total Debt To Capitalization0.370.540.5617
Pretty Stable
Return On Capital Employed0.140.190.1874
Pretty Stable
Debt Equity Ratio0.741.371.3879
Pretty Stable
Ebit Per Revenue0.07060.110.1108
Pretty Stable
Quick Ratio0.770.650.6473
Very volatile
Net Income Per E B T0.560.680.7223
Slightly volatile
Cash Ratio0.04390.05370.0633
Pretty Stable
Cash Conversion Cycle63.9742.9840.9442
Pretty Stable
Operating Cash Flow Sales Ratio0.0710.09570.1101
Very volatile
Days Of Inventory Outstanding53.6863.8952.224
Slightly volatile
Days Of Sales Outstanding46.649.9558.1093
Pretty Stable
Free Cash Flow Operating Cash Flow Ratio0.420.620.6871
Slightly volatile
Cash Flow Coverage Ratios0.460.360.3718
Pretty Stable
Price To Book Ratio3.626.547.4824
Pretty Stable
Fixed Asset Turnover3.585.285.4412
Very volatile
Price Cash Flow Ratio9.8213.8314.5414
Pretty Stable
Enterprise Value Multiple8.111.613.401
Very volatile
Debt Ratio0.220.350.3493
Pretty Stable
Cash Flow To Debt Ratio0.460.360.3718
Pretty Stable
Price Sales Ratio0.831.471.6874
Pretty Stable
Return On Assets0.04840.08570.0818
Pretty Stable
Asset Turnover1.471.311.1732
Very volatile
Net Profit Margin0.07910.07540.0765
Slightly volatile
Gross Profit Margin0.340.310.2849
Pretty Stable
Price Fair Value3.626.547.4824
Pretty Stable
Return On Equity0.350.340.3402
Slightly volatile

Avery Dennison Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap5.3 B5.6 B7.6 B
Pretty Stable
Enterprise Value6.2 B6.6 B8.8 B
Pretty Stable

Avery Fundamental Market Drivers

Forward Price Earnings22.3714
Cash And Short Term Investments215 M

Avery Upcoming Events

31st of January 2024
Upcoming Quarterly Report
View
24th of April 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
31st of January 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Avery Dennison Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Avery Dennison income statement, its balance sheet, and the statement of cash flows. Avery Dennison investors use historical funamental indicators, such as Avery Dennison's revenue or net income, to determine how well the company is positioned to perform in the future. Although Avery Dennison investors may use each financial statement separately, they are all related. The changes in Avery Dennison's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Avery Dennison's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Avery Dennison Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Avery Dennison. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue18.1 M17.2 M
Total Revenue8.4 B5.2 B
Cost Of Revenue6.1 B3.7 B
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.15  0.18 
Research And Ddevelopement To Revenue 0.01  0.01 
Capex To Revenue(0.03)(0.03)
Revenue Per Share 99.70  104.68 
Ebit Per Revenue 0.11  0.07 

Avery Dennison Investors Sentiment

The influence of Avery Dennison's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Avery. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Avery Dennison's public news can be used to forecast risks associated with an investment in Avery. The trend in average sentiment can be used to explain how an investor holding Avery can time the market purely based on public headlines and social activities around Avery Dennison Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Avery Dennison's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Avery Dennison's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Avery Dennison's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Avery Dennison.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Avery Dennison in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Avery Dennison's short interest history, or implied volatility extrapolated from Avery Dennison options trading.

Pair Trading with Avery Dennison

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Avery Dennison position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Avery Dennison will appreciate offsetting losses from the drop in the long position's value.

Moving together with Avery Stock

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The ability to find closely correlated positions to Avery Dennison could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avery Dennison when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Avery Dennison - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Avery Dennison Corp to buy it.
The correlation of Avery Dennison is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Avery Dennison moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avery Dennison Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Avery Dennison can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Avery Dennison Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Avery Dennison's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Avery Dennison Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Avery Dennison Corp Stock:
Check out the analysis of Avery Dennison Correlation against competitors.
You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Complementary Tools for Avery Stock analysis

When running Avery Dennison's price analysis, check to measure Avery Dennison's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Avery Dennison is operating at the current time. Most of Avery Dennison's value examination focuses on studying past and present price action to predict the probability of Avery Dennison's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avery Dennison's price. Additionally, you may evaluate how the addition of Avery Dennison to your portfolios can decrease your overall portfolio volatility.
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Is Avery Dennison's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Avery Dennison. If investors know Avery will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Avery Dennison listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.176
Dividend Share
3.18
Earnings Share
6.2
Revenue Per Share
103.647
Quarterly Revenue Growth
0.042
The market value of Avery Dennison Corp is measured differently than its book value, which is the value of Avery that is recorded on the company's balance sheet. Investors also form their own opinion of Avery Dennison's value that differs from its market value or its book value, called intrinsic value, which is Avery Dennison's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Avery Dennison's market value can be influenced by many factors that don't directly affect Avery Dennison's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Avery Dennison's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avery Dennison is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avery Dennison's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.