Avery Dennison Corporation (AVY) 10-Year Financial Performance & Capital Metrics

AVY • • Industrial / General

IndustrialsBusiness EquipmentOffice Products & SuppliesPressure-Sensitive Materials

AboutAvery Dennison Corporation manufactures and markets pressure-sensitive materials and products in the United States, Europe, Asia, Latin America, and internationally. The company's Label and Graphic Materials segment offers pressure-sensitive label and packaging materials; and graphics and reflective products under the Fasson, JAC, Avery Dennison, and Mactac brands, as well as durable cast and reflective films. It provides its products to the home and personal care, beer and beverage, durables, pharmaceutical, wine and spirits, and food market segments; architectural, commercial sign, digital printing, and other related market segments; construction, automotive, and fleet transportation market segments, as well as traffic and safety applications; and sign shops, commercial printers, and designers. The company's Retail Branding and Information Solutions segment designs, manufactures, and sells brand embellishments, graphic tickets, tags and labels, and sustainable packaging solutions, as well as offers creative services; radio-frequency identification products; visibility and loss prevention solutions; price ticketing and marking solutions; care, content, and country of origin compliance solutions; and brand protection and security solutions. It serves retailers, brand owners, apparel manufacturers, distributors, and industrial customers. The company's Industrial and Healthcare Materials segment offers tapes; pressure-sensitive adhesive based materials and converted products; medical fasteners; and performance polymers under the Fasson, Avery Dennison, and Yongle brands. It serves automotive, electronics, building and construction, general industrial, personal care, and medical markets. The company was formerly known as Avery International Corporation and changed its name to Avery Dennison Corporation in 1990. Avery Dennison Corporation was founded in 1935 and is headquartered in Glendale, California.Show more

Revenue $8.76B +4.7%
EBITDA $1.44B +14.9%
Net Income $705M +40.1%
EPS (Diluted) 8.73 +40.8%
Gross Margin 28.87% +6.2%
EBITDA Margin 16.44% +9.7%
Operating Margin 12.88% +12.8%
Net Margin 8.05% +33.9%
ROE 31.75% +31.3%
ROIC 16.43% +16.1%
Debt/Equity 1.36 -10.6%
Interest Coverage 9.64 +20.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 31.4%
✓Strong 5Y profit CAGR of 18.3%
✓Strong Piotroski F-Score: 9/9
✓14 consecutive years of dividend growth
✓High quality earnings: Operating CF exceeds net income
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.3%

5Y4.37%

3Y1.36%

TTM1.03%

Profit (Net Income) CAGR

10Y10.97%

5Y18.35%

3Y-1.61%

TTM3.2%

EPS CAGR

10Y12.88%

5Y19.58%

3Y-0.38%

TTM5.52%

ROCE

10Y Avg22.49%

5Y Avg20.78%

3Y Avg19.53%

Latest20.4%

Peer Comparison

Pressure-Sensitive Materials

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AVYAvery Dennison Corporation	14.62B	189.08	21.66	4.68%	7.93%	31.46%	4.99%	1.36

Profit & Loss

	Jan 2016	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Jan 2021	Jan 2022	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	5.97B	6.09B	6.61B	7.16B	7.07B	6.97B	8.41B	9.04B	8.36B	8.76B
Revenue Growth %	-0.06%	0.02%	0.09%	0.08%	-0.01%	-0.01%	0.21%	0.08%	-0.07%	0.05%
Cost of Goods Sold+	4.33B	4.39B	4.8B	5.25B	5.17B	5.05B	6.1B	6.64B	6.09B	6.23B
COGS % of Revenue	0.73%	0.72%	0.73%	0.73%	0.73%	0.72%	0.73%	0.73%	0.73%	0.71%
Gross Profit+	1.64B	1.7B	1.81B	1.91B	1.9B	1.92B	2.31B	2.4B	2.27B	2.53B
Gross Margin %	0.27%	0.28%	0.27%	0.27%	0.27%	0.28%	0.27%	0.27%	0.27%	0.29%
Gross Profit Growth %	-0.01%	0.04%	0.07%	0.05%	-0%	0.01%	0.2%	0.04%	-0.05%	0.11%
Operating Expenses+	1.11B	1.1B	1.06B	1.1B	1.08B	1.05B	1.27B	1.33B	1.32B	1.4B
OpEx % of Revenue	0.19%	0.18%	0.16%	0.15%	0.15%	0.15%	0.15%	0.15%	0.16%	0.16%
Selling, General & Admin	1.02B	1.01B	968.9M	1B	991.3M	933.5M	1.13B	1.19B	1.18B	1.26B
SG&A % of Revenue	0.17%	0.17%	0.15%	0.14%	0.14%	0.13%	0.13%	0.13%	0.14%	0.14%
Research & Development	91.9M	89.7M	93.4M	98.2M	92.6M	112.8M	136.6M	136.1M	135.8M	137.8M
R&D % of Revenue	0.02%	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.02%	0.02%	0.02%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	529.3M	599M	750.7M	809.1M	819.8M	875M	1.04B	1.07B	954.9M	1.13B
Operating Margin %	0.09%	0.1%	0.11%	0.11%	0.12%	0.13%	0.12%	0.12%	0.11%	0.13%
Operating Income Growth %	-0.02%	0.13%	0.25%	0.08%	0.01%	0.07%	0.19%	0.03%	-0.11%	0.18%
EBITDA+	717.6M	779.1M	929.4M	990.1M	998.8M	1.08B	1.28B	1.36B	1.25B	1.44B
EBITDA Margin %	0.12%	0.13%	0.14%	0.14%	0.14%	0.15%	0.15%	0.15%	0.15%	0.16%
EBITDA Growth %	-0.03%	0.09%	0.19%	0.07%	0.01%	0.08%	0.19%	0.06%	-0.08%	0.15%
D&A (Non-Cash Add-back)	188.3M	180.1M	178.7M	181M	179M	205.3M	244.1M	290.7M	298.4M	312.2M
EBIT	469.3M	536.9M	650.7M	613.3M	325.3M	807.3M	1.06B	1.08B	813.7M	1.07B
Net Interest Income+	-60.4M	-59.8M	-61.2M	-58.5M	-75.8M	-70M	-70.2M	-84.1M	-107.2M	-117M
Interest Income	0	0	0	0	0	0	0	0	11.8M	0
Interest Expense	60.5M	59.9M	63M	58.5M	75.8M	70M	70.2M	84.1M	119M	117M
Other Income/Expense	-120.4M	-121.9M	-161.2M	-256.3M	-572.9M	-141.4M	-51M	-72.8M	-260.2M	-173.9M
Pretax Income+	408.9M	477.1M	589.5M	552.8M	246.9M	733.6M	988.7M	999.3M	694.7M	953.5M
Pretax Margin %	0.07%	0.08%	0.09%	0.08%	0.03%	0.11%	0.12%	0.11%	0.08%	0.11%
Income Tax+	134.5M	156.4M	307.7M	85.4M	-56.7M	177.7M	248.6M	242.2M	191.7M	248.6M
Effective Tax Rate %	0.67%	0.67%	0.48%	0.85%	1.23%	0.76%	0.75%	0.76%	0.72%	0.74%
Net Income+	274.3M	320.7M	281.8M	467.4M	303.6M	555.9M	740.1M	757.1M	503M	704.9M
Net Margin %	0.05%	0.05%	0.04%	0.07%	0.04%	0.08%	0.09%	0.08%	0.06%	0.08%
Net Income Growth %	0.1%	0.17%	-0.12%	0.66%	-0.35%	0.83%	0.33%	0.02%	-0.34%	0.4%
Net Income (Continuing)	274.4M	320.7M	281.8M	467.4M	303.6M	555.9M	740.1M	757.1M	503M	704.9M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	2.95	3.54	3.13	5.28	3.57	6.61	8.83	9.21	6.20	8.73
EPS Growth %	0.13%	0.2%	-0.12%	0.69%	-0.32%	0.85%	0.34%	0.04%	-0.33%	0.41%
EPS (Basic)	3.01	3.63	3.20	5.52	3.61	6.67	8.93	9.28	6.23	8.73
Diluted Shares Outstanding	92.9M	90.7M	90.1M	88.6M	85M	84.1M	83.8M	82.2M	81.1M	80.7M
Basic Shares Outstanding	89.97M	88.31M	88.01M	84.72M	84M	83.4M	82.9M	81.6M	80.7M	80.4M
Dividend Payout Ratio	0.49%	0.44%	0.55%	0.37%	0.62%	0.35%	0.3%	0.32%	0.51%	0.39%

Balance Sheet

	Jan 2016	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Jan 2021	Jan 2022	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.78B	1.9B	2.24B	2.3B	2.34B	2.42B	2.73B	2.78B	2.8B	3.08B
Cash & Short-Term Investments	158.8M	195.1M	224.4M	232M	253.7M	252.3M	162.7M	167.2M	215M	367.2M
Cash Only	158.8M	195.1M	224.4M	232M	253.7M	252.3M	162.7M	167.2M	215M	329.1M
Short-Term Investments	0	0	0	0	0	0	0	0	0	39.6M
Accounts Receivable	964.7M	1B	1.18B	1.19B	1.21B	1.24B	1.42B	1.37B	1.41B	1.47B
Days Sales Outstanding	59.01	60.03	65.14	60.66	62.58	64.67	61.84	55.5	61.74	61.12
Inventory	478.7M	519.1M	609.6M	651.4M	663M	717.2M	907.2M	1.01B	920.7M	978.1M
Days Inventory Outstanding	40.38	43.2	46.35	45.29	46.84	51.84	54.29	55.51	55.18	57.32
Other Current Assets	142.3M	159.3M	194.7M	224.9M	211.7M	211.5M	240.2M	230.5M	245.4M	267.2M
Total Non-Current Assets+	2.36B	2.49B	2.9B	2.88B	3.15B	3.68B	5.24B	5.17B	5.41B	5.33B
Property, Plant & Equipment	847.9M	915.2M	1.1B	1.14B	1.21B	1.34B	1.48B	1.54B	1.63B	1.59B
Fixed Asset Turnover	7.04x	6.65x	6.02x	6.29x	5.84x	5.19x	5.69x	5.87x	5.14x	5.52x
Goodwill	686.2M	793.6M	985.1M	941.8M	930.8M	1.14B	1.88B	1.86B	2.01B	1.98B
Intangible Assets	45.8M	66.7M	166.3M	144M	126.5M	224.9M	911.4M	840.3M	849.1M	755.3M
Long-Term Investments	0	0	0	0	0	0	0	0	0	55.9M
Other Non-Current Assets	406.2M	402.9M	453.4M	451M	654.8M	765M	836.2M	810.5M	809.6M	841.4M
Total Assets+	4.13B	4.4B	5.14B	5.18B	5.49B	6.1B	7.97B	7.95B	8.21B	8.4B
Asset Turnover	1.44x	1.38x	1.29x	1.38x	1.29x	1.14x	1.05x	1.14x	1.02x	1.04x
Asset Growth %	-0.06%	0.06%	0.17%	0.01%	0.06%	0.11%	0.31%	-0%	0.03%	0.02%
Total Current Liabilities+	1.46B	2B	1.97B	1.99B	2.25B	1.93B	2.55B	2.8B	2.7B	2.86B
Accounts Payable	814.6M	841.9M	1.01B	1.03B	994.7M	1.05B	1.3B	1.34B	1.28B	1.34B
Days Payables Outstanding	68.72	70.06	76.58	71.65	70.27	75.95	77.73	73.61	76.54	78.57
Short-Term Debt	95.3M	579.1M	265.4M	194.6M	440.2M	64.7M	318.8M	598.6M	622.2M	592.3M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	0	0	0	363.1M	323.3M	344.9M	380.1M	383.4M	386.8M	408.1M
Current Ratio	1.22x	0.95x	1.13x	1.15x	1.04x	1.25x	1.07x	0.99x	1.04x	1.08x
Quick Ratio	0.89x	0.69x	0.83x	0.83x	0.74x	0.88x	0.72x	0.63x	0.69x	0.73x
Cash Conversion Cycle	30.67	33.16	34.91	34.3	39.15	40.55	38.4	37.39	40.38	39.87
Total Non-Current Liabilities+	1.71B	1.47B	2.12B	2.23B	2.03B	2.67B	3.5B	3.12B	3.38B	3.23B
Long-Term Debt	963.6M	713.4M	1.32B	1.77B	1.5B	2.05B	2.79B	2.5B	2.62B	2.56B
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	107.9M	92.3M	173.3M	122.1M	110.3M	117.3M	238.5M	247.9M	260M	234.8M
Other Non-Current Liabilities	637.4M	660.9M	629.3M	334.7M	421.4M	503.6M	474.9M	367.1M	500.3M	434.6M
Total Liabilities	3.17B	3.47B	4.09B	4.22B	4.28B	4.6B	6.05B	5.92B	6.08B	6.09B
Total Debt+	1.06B	1.29B	1.58B	1.97B	1.94B	2.12B	3.1B	3.1B	3.24B	3.15B
Net Debt	900.1M	1.1B	1.36B	1.73B	1.69B	1.86B	2.94B	2.93B	3.03B	2.82B
Debt / Equity	1.10x	1.40x	1.51x	2.06x	1.61x	1.41x	1.61x	1.53x	1.52x	1.36x
Debt / EBITDA	1.48x	1.66x	1.70x	1.99x	1.94x	1.96x	2.42x	2.28x	2.59x	2.19x
Net Debt / EBITDA	1.25x	1.41x	1.46x	1.75x	1.69x	1.73x	2.29x	2.15x	2.42x	1.96x
Interest Coverage	8.75x	10.00x	11.92x	13.83x	10.82x	12.50x	14.81x	12.75x	8.02x	9.64x
Total Equity+	965.7M	925.5M	1.05B	955.1M	1.2B	1.5B	1.92B	2.03B	2.13B	2.31B
Equity Growth %	-0.09%	-0.04%	0.13%	-0.09%	0.26%	0.25%	0.28%	0.06%	0.05%	0.09%
Book Value per Share	10.40	10.20	11.61	10.78	14.16	17.83	22.96	24.72	26.24	28.65
Total Shareholders' Equity	965.7M	925.5M	1.05B	955.1M	1.2B	1.5B	1.92B	2.03B	2.13B	2.31B
Common Stock	124.1M	124.1M	124.1M	124.1M	124.1M	124.1M	124.1M	124.1M	124.1M	124.1M
Retained Earnings	2.28B	2.47B	2.6B	2.86B	2.98B	3.35B	3.88B	4.41B	4.69B	5.15B
Treasury Stock	-1.59B	-1.77B	-1.86B	-2.22B	-2.43B	-2.5B	-2.66B	-3.02B	-3.13B	-3.35B
Accumulated OCI	-683M	-751.9M	-680.5M	-682M	-348.1M	-334.6M	-282.9M	-364M	-408.1M	-456.1M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jan 2016	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Jan 2021	Jan 2022	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	473.7M	585.3M	650.1M	457.9M	746.5M	751.3M	1.05B	961M	826M	938.8M
Operating CF Margin %	0.08%	0.1%	0.1%	0.06%	0.11%	0.11%	0.12%	0.11%	0.1%	0.11%
Operating CF Growth %	0.27%	0.24%	0.11%	-0.3%	0.63%	0.01%	0.39%	-0.08%	-0.14%	0.14%
Net Income	274.3M	320.7M	281.8M	467.4M	303.6M	555.9M	740.1M	757.1M	503M	704.9M
Depreciation & Amortization	188.3M	180.1M	178.7M	181M	179M	205.3M	244.1M	290.7M	298.4M	312.2M
Stock-Based Compensation	26.3M	27.2M	30.2M	34.3M	34.5M	24M	37.2M	47.4M	22.3M	28.7M
Deferred Taxes	0	52.3M	151.6M	-32.7M	-216.9M	9.3M	2.6M	18.4M	-24.4M	-18.5M
Other Non-Cash Items	108.8M	141.4M	91.1M	199.7M	531.1M	109.4M	47.4M	73.6M	87M	114.6M
Working Capital Changes	-124M	-139.6M	-87.7M	-391.8M	-84.8M	-152.6M	-24.6M	-226.2M	-60.3M	-203.1M
Change in Receivables	-135.9M	-88.2M	-141.2M	-62.5M	-42.2M	14.7M	-113.2M	-22.1M	-16.7M	-107.3M
Change in Inventory	-34.4M	-19.6M	-14.9M	-70.5M	-18.1M	-6M	-182.7M	-140.7M	111.7M	-90.7M
Change in Payables	65.5M	31.6M	83.4M	43.6M	46.4M	-68.2M	255.2M	68.2M	-87.6M	106.7M
Cash from Investing+	-142.9M	-435.4M	-547.7M	-232.5M	-251M	-554.2M	-1.74B	-332.7M	-459M	-243.1M
Capital Expenditures	-135.8M	-176.9M	-190.5M	-226.7M	-219.4M	-201.4M	-255M	-278.1M	-265.3M	-208.8M
CapEx % of Revenue	0.02%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-6.6M	-21.1M	-25.2M	-20.5M	-25.1M	-2.4M	-12.9M	-16.2M	31.2M	-20.3M
Cash from Financing+	-367.3M	-106.2M	-83.9M	-208.1M	-470.3M	-207.7M	604.3M	-615.2M	-317.2M	-576.1M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-133.1M	-142.5M	-155.5M	-175M	-189.7M	-196.8M	-220.6M	-238.9M	-256.7M	-277.5M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	103.9M	66.5M	1.4M	-49.5M	-19M	-19.7M	-31.7M	-25.1M	-25.4M	-13.2M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	322.2M	378.7M	424M	201.3M	489.3M	532.7M	774.7M	662.5M	540.9M	730M
FCF Margin %	0.05%	0.06%	0.06%	0.03%	0.07%	0.08%	0.09%	0.07%	0.06%	0.08%
FCF Growth %	0.62%	0.18%	0.12%	-0.53%	1.43%	0.09%	0.45%	-0.14%	-0.18%	0.35%
FCF per Share	3.47	4.18	4.71	2.27	5.76	6.33	9.24	8.06	6.67	9.05
FCF Conversion (FCF/Net Income)	1.73x	1.83x	2.31x	0.98x	2.46x	1.35x	1.41x	1.27x	1.64x	1.33x
Interest Paid	0	0	0	0	0	0	0	0	0	111.8M
Taxes Paid	0	0	0	0	0	0	0	0	0	226.8M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	27%	33.91%	28.58%	46.71%	28.12%	41.12%	43.23%	38.27%	24.18%	31.75%
Return on Invested Capital (ROIC)	20.6%	23.11%	25.44%	23.83%	22.04%	20.99%	18.95%	16.35%	14.15%	16.43%
Gross Margin	27.49%	27.94%	27.41%	26.67%	26.93%	27.56%	27.46%	26.54%	27.19%	28.87%
Net Margin	4.6%	5.27%	4.26%	6.53%	4.29%	7.97%	8.8%	8.38%	6.01%	8.05%
Debt / Equity	1.10x	1.40x	1.51x	2.06x	1.61x	1.41x	1.61x	1.53x	1.52x	1.36x
Interest Coverage	8.75x	10.00x	11.92x	13.83x	10.82x	12.50x	14.81x	12.75x	8.02x	9.64x
FCF Conversion	1.73x	1.83x	2.31x	0.98x	2.46x	1.35x	1.41x	1.27x	1.64x	1.33x
Revenue Growth	-5.74%	2%	8.66%	8.24%	-1.24%	-1.39%	20.61%	7.5%	-7.47%	4.68%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Label And Graphic Materials	-	4.19B	4.51B	-	-	-	6.21B	6.5B	5.81B	6.01B
Label And Graphic Materials Growth	-	-	7.75%	-	-	-	-	4.65%	-10.53%	3.47%
Retail Branding And Information Solutions	1.52B	1.45B	1.51B	1.61B	1.65B	198.6M	2.2B	2.54B	2.55B	2.74B
Retail Branding And Information Solutions Growth	-	-4.93%	4.55%	6.75%	2.30%	-87.97%	1008.66%	15.55%	0.35%	7.43%
Apparel	-	-	-	1.44B	1.46B	1.43B	-	-	-	-
Apparel Growth	-	-	-	-	1.17%	-1.80%	-	-	-	-
Printer Solutions	-	-	-	171.5M	191.8M	-	-	-	-	-
Printer Solutions Growth	-	-	-	-	11.84%	-	-	-	-	-
Industrial And Healthcare Materials	-	453.8M	590.9M	-	-	-	-	-	-	-
Industrial And Healthcare Materials Growth	-	-	30.21%	-	-	-	-	-	-	-
Pressure Sensitive Materials	4.37B	-	-	-	-	-	-	-	-	-
Pressure Sensitive Materials Growth	-	-	-	-	-	-	-	-	-	-
Vancive Medical Technologies	72.9M	-	-	-	-	-	-	-	-	-
Vancive Medical Technologies Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Asia	1.92B	2B	2.25B	-	-	2.38B	2.91B	2.82B	2.55B	2.76B
Asia Growth	-	3.75%	12.74%	-	-	-	22.54%	-3.34%	-9.65%	8.56%
UNITED STATES	-	-	-	-	-	1.68B	2.07B	2.57B	2.58B	2.61B
UNITED STATES Growth	-	-	-	-	-	-	22.67%	24.24%	0.48%	1.36%
Europe	1.75B	1.84B	2.04B	-	-	2.16B	2.54B	2.68B	2.31B	2.42B
Europe Growth	-	4.89%	11.03%	-	-	-	17.40%	5.60%	-14.04%	4.85%
Latin America	466.3M	450.5M	476.4M	-	-	440.3M	537.6M	605.7M	582.3M	599.8M
Latin America Growth	-	-3.39%	5.75%	-	-	-	22.10%	12.67%	-3.86%	3.01%
Other International	-	-	-	-	-	304.4M	349.6M	366.9M	351.8M	360.8M
Other International Growth	-	-	-	-	-	-	14.85%	4.95%	-4.12%	2.56%
China Including Hong Kong	-	1.14B	1.3B	1.43B	1.38B	-	-	-	-	-
China Including Hong Kong Growth	-	-	14.04%	10.00%	-3.50%	-	-	-	-	-
Domestic Plan	-	-	1.56B	-	-	-	-	-	-	-
Domestic Plan Growth	-	-	-	-	-	-	-	-	-	-
U	1.55B	1.53B	-	-	-	-	-	-	-	-
U Growth	-	-1.37%	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Avery Dennison Corporation (AVY) has a price-to-earnings (P/E) ratio of 21.7x. This is roughly in line with market averages.

Growth & Financials

Avery Dennison Corporation (AVY) reported $8.77B in revenue for fiscal year 2024. This represents a 46% increase from $6.03B in 2011.

Avery Dennison Corporation (AVY) grew revenue by 4.7% over the past year. Growth has been modest.

Yes, Avery Dennison Corporation (AVY) is profitable, generating $695.6M in net income for fiscal year 2024 (8.1% net margin).

Dividend & Returns

Yes, Avery Dennison Corporation (AVY) pays a dividend with a yield of 1.82%. This makes it attractive for income-focused investors.

Avery Dennison Corporation (AVY) has a return on equity (ROE) of 31.8%. This is excellent, indicating efficient use of shareholder capital.

Avery Dennison Corporation (AVY) generated $684.4M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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