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 custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets, and specialty inks; custom-formulated liquid system, such as polyester, vinyl, natural rubber and latex, polyurethane, and silicone; and proprietary inks. Its products are used in medical and pharmaceutical devices, food packaging, personal care and cosmetics, transportation, building products, wire and cable, recreational and athletic apparel, construction and filtration, outdoor furniture, healthcare, textiles and appliances, and industrial markets. The Specialty Engineered Materials segment provides specialty polymer formulations, services, and solutions for designers, assemblers, and processors of thermoplastic materials. It 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.
Strategic Pivot | Avient's shift from acquisitions to innovation-driven growth yields positive results, marking a turnaround in organic volume growth after nine quarters of decline |
Financial Upswing | Q2 2024 results surpass estimates with 9% EBITDA growth and 21% EPS increase, prompting raised guidance for fiscal year 2024 |
Market Opportunities | Explore Avient's expansion into high-growth areas like composites for semiconductors and power distribution, offering potential for significant market share gains |
Valuation Potential | Delve into Avient's current valuation at 9.7x projected 2025 EBITDA, with analyst price targets ranging from $51 to $66, suggesting room for multiple expansion |
Metrics to compare | AVNT | Sector Sector - Average of metrics from a broad group of related Basic Materials sector companies | Relationship RelationshipAVNTPeersSector | |
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P/E Ratio | 28.9x | 14.2x | 2.4x | |
PEG Ratio | −4.99 | 0.04 | 0.00 | |
Price/Book | 1.3x | 1.3x | 1.6x | |
Price / LTM Sales | 0.9x | 0.6x | 1.3x | |
Upside (Analyst Target) | 30.0% | 0.0% | 22.1% | |
Fair Value Upside | Unlock | 7.9% | 3.1% | Unlock |