AVNTAVIENT CORP
Plastic Materials, Synth Resins & Nonvulcan Elastomers
- Revenue
- $3.3B
- 0.6% YoY
- Operating margin
- 6.2%
- 39% YoY
- EBITDA
- $389M
- 23% YoY
- Market cap
- $3.9B
- Employees
- 1,100
- $3M revenue each
- Net debt / EBITDA
- 2.7×
- $1.1B net debt
- AI in 10-K
- 0.7
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo368% of net incomeCash flow under 80% of net income
- Dilutive SBCNo0% of revenueOver 10% of revenue
- Payouts exceed cash flowNo33% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo29% of assetsOver 40% of assets
- Shareholder dissentNo93% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$3M · 95th pctBottom quartile of its SIC industry
- Quiet on AINo0.7 per 10K words · 26th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo2.7× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedYes$3.9B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$0 netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $3.3B | $3.4B | $3.1B | $3.2B | $3.3B | 0.6% |
| Operating income | $280M | $243M | $197M | $329M | $204M | 38% |
| Net income | $231M | $703M | $76M | $170M | $82M | 52% |
| Operating cash flow | $234M | $398M | $202M | $257M | $302M | 17% |
| Capex | $101M | $106M | $119M | $122M | $107M | 13% |
| Stock-based comp | $11M | $13M | $13M | $15M | $9M | 41% |
| Buybacks | $4M | $36M | $0 | $0 | — | |
| Dividends | $78M | $87M | $90M | $94M | $99M | 5.1% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.