Balancing Dividends and Fundamentals: The Case of NASDAQ:AVT.

Last update: Nov 15, 2024

AVNET INC (NASDAQ:AVT) is a hidden gem unveiled by our stock screening tool, featuring a promising dividend outlook alongside solid fundamentals. NASDAQ:AVT demonstrates decent financial health and profitability while ensuring a sustainable dividend. Let's break it down further.

How We Gauge Dividend for NASDAQ:AVT

ChartMill provides a Dividend Rating for every stock, ranging from 0 to 10. This rating assesses various dividend aspects, including yield, growth, and sustainability. NASDAQ:AVT earns a 7 out of 10:

Compared to an average industry Dividend Yield of 1.88, AVT pays a better dividend. On top of this AVT pays more dividend than 95.12% of the companies listed in the same industry.
On average, the dividend of AVT grows each year by 9.30%, which is quite nice.
AVT has paid a dividend for at least 10 years, which is a reliable track record.
AVT has not decreased their dividend for at least 10 years, which is a reliable track record.
AVT pays out 32.30% of its income as dividend. This is a sustainable payout ratio.

Health Analysis for NASDAQ:AVT

ChartMill employs a unique Health Rating system for all stocks. This rating, ranging from 0 to 10, is determined by analyzing various liquidity and solvency ratios. For NASDAQ:AVT, the assigned 5 for health provides valuable insights:

An Altman-Z score of 3.36 indicates that AVT is not in any danger for bankruptcy at the moment.
AVT has a Debt/Equity ratio of 0.48. This is a healthy value indicating a solid balance between debt and equity.
A Current Ratio of 2.25 indicates that AVT has no problem at all paying its short term obligations.

Profitability Insights: NASDAQ:AVT

ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For NASDAQ:AVT, the assigned 5 is a significant indicator of profitability:

AVT has a better Return On Assets (2.77%) than 61.79% of its industry peers.
AVT has a better Return On Equity (6.92%) than 65.85% of its industry peers.
With a decent Return On Invested Capital value of 8.06%, AVT is doing good in the industry, outperforming 75.61% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for AVT is above the industry average of 8.72%.
AVT's Profit Margin has improved in the last couple of years.
AVT's Operating Margin has improved in the last couple of years.

Every day, new Best Dividend stocks can be found on ChartMill in our Best Dividend screener.

For an up to date full fundamental analysis you can check the fundamental report of AVT

Disclaimer

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.