Avery Dennison Corporation (“Avery Dennison” or the “Company” and generally referred to as “we” or “us”) was founded in 1935 and incorporated in Delaware in 1977 as Avery International Corporation, the successor corporation to a California corporation of the same name incorporated in 1946. In 1990, we merged one of our subsidiaries into Dennison Manufacturing Company (“Dennison”), as a result of which Dennison became our wholly-owned subsidiary and in connection with which we changed our name to Avery Dennison Corporation. You can learn more about us by visiting our website at www.averydennison.com. Our website is not intended to function as a hyperlink and the information on our website is not, nor should it be considered, part of this report or incorporated by reference into this report. Business Overview and Reportable Segments We are a global leader in materials science and digital identification solutions.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 8.9B | 8.9B | 8.8B | 8.4B | 8.4B | 7.0B |
| Net Income | 688M | 688M | 705M | 503M | 740M | 556M |
| EPS | $8.79 | $8.79 | $8.73 | $6.20 | $8.83 | $6.61 |
| Free Cash Flow | 712M | 712M | 730M | 561M | 792M | 550M |
| ROIC | 12.5% | 13.7% | 14.7% | 10.6% | 14.7% | 17.9% |
| Gross Margin | 28.8% | 28.8% | 28.9% | 27.2% | 27.5% | 27.6% |
| Debt/Equity | 1.90 | 1.90 | 1.62 | 1.82 | 1.82 | 1.64 |
| Dividends/Share | $3.68 | $3.70 | $3.45 | $3.18 | $2.93 | $2.66 |
| Operating Income | 1.1B | 1.1B | 1.1B | 814M | 1.1B | 804M |
| Operating Margin | 12.0% | 12.0% | 12.2% | 9.7% | 12.6% | 11.5% |
| ROE | 30.7% | 30.2% | 30.5% | 23.6% | 36.4% | 37.4% |
| Shares Outstanding | 78M | 78M | 81M | 81M | 84M | 84M |
Avery Dennison Corp passes 4 of 9 quality checks, suggesting mixed fundamentals.
Avery Dennison Corp trades at 19.6x trailing earnings, compared to its 15-year median P/E of 21.1x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 18.9x vs a median of 20.1x. The company's 5-year average ROIC is 14.3% with a gross margin of 28.0%. Total shareholder yield (dividends + buybacks) is 6.4%. At current prices, the estimated annualized return to fair value is +10.4%.
Avery Dennison Corp (AVY) has a current P/E ratio of 19.6, compared to its historical median P/E of 21.1. The stock is currently considered Fair based on its historical valuation range.
Avery Dennison Corp (AVY) has a 5-year average return on invested capital (ROIC) of 14.3%. This indicates solid capital allocation.
Avery Dennison Corp (AVY) has a market capitalization of $13.5B. It is classified as a large-cap stock.
Yes, Avery Dennison Corp (AVY) pays a dividend with a trailing twelve-month yield of 2.14%. The company also returns capital through share buybacks, with a buyback yield of 4.25%.
Based on historical P/E analysis, Avery Dennison Corp (AVY) appears fair. The current P/E of 19.6 is 7% below its historical median of 21.1. The estimated fair value CAGR (P/E method) is 11.5%.
Avery Dennison Corp (AVY) operates in the Converted Paper & Paperboard Prods (No Contaners/Boxes) industry, within the Materials sector.
Avery Dennison Corp (AVY) reported annual revenue of $8.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
Avery Dennison Corp (AVY) has a net profit margin of 7.8%. This is a modest margin.
Avery Dennison Corp (AVY) generated $712 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Avery Dennison Corp (AVY) has a debt-to-equity ratio of 1.90. This indicates higher leverage, which may increase financial risk.
Avery Dennison Corp (AVY) reported earnings per share (EPS) of $8.79 in its most recent fiscal year.
Avery Dennison Corp (AVY) has a return on equity (ROE) of 30.2%. This indicates the company generates strong returns for shareholders.
Avery Dennison Corp (AVY) has a 5-year average gross margin of 28.0%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 17 years of financial data for Avery Dennison Corp (AVY), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Avery Dennison Corp (AVY) has a book value per share of $28.65, based on its most recent annual SEC filing.
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