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Earnings transcript
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AVY
Avery Dennison Corporation
$179.3
-3.03
(-1.66%)
| Exchange: | NYSE |
| Market Cap: | 13.715B |
| Shares Outstanding: | 79.388M |
Delayed data
About The Company
| Sector: | Consumer Cyclical | |||||
| Industry: | Packaging & Containers | |||||
| CEO: | Deon Stander | |||||
| Full Time Employees: | 35000 | |||||
| Address: |
| |||||
| Website: | https://www.averydennison.com |
Avery Dennison Corporation operates as a materials science and digital identification solutions company in the North America, Europe, the Middle East, North Africa, Asia, and Latin America. It offers pressure-sensitive label materials, which consist of papers, plastic films, and metal foils; performance tapes products, including mechanical fasteners, which are precision-extruded and injection-molded plastic devices; and other pressure-sensitive adhesive-based materials and converted products under the Fasson, JAC, and Avery Dennison brands. The company provides graphics and reflective products that include films and other products for the architectural, commercial sign, digital printing, and other related market segments; durable cast and reflective films to the construction, automotive, and fleet transportation markets; sign shops, commercial printers, and designers for pressure-sensitive materials; reflective films for traffic and safety applications; and pressure-sensitive vinyl and specialty materials for digital imaging, screen printing, and sign cutting applications under the Avery Dennison and Mactac brand names. In addition, it offers branding solutions, which include brand embellishments, graphic tickets, tags, labels, and sustainable packaging; information solutions, such as item-level RFID, visibility and loss prevention, price ticketing and marking, productivity and media, and brand protection and security solutions; and shelf-edge productivity and media solutions under the Vestcom brand names, as well as care, content, and country of origin compliance solutions. It serves home and personal care, apparel, general retail, e-commerce, logistics, food and grocery, pharmaceuticals, and automotive industries. The company was formerly known as Avery International Corporation and changed its name to Avery Dennison Corporation in 1990. The company was founded in 1935 and is headquartered in Mentor, Ohio.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 8,364,299.999 | 8,755,700 | 8,855,500 |
| Gross Profit | 2,274,100 | 2,527,500 | 2,546,300 |
| EBITDA | 1,112,100 | 1,382,700 | 1,303,199.999 |
| Operating Income | 954,900 | 1,127,400 | 1,103,900 |
| Net Income | 503,000 | 704,900 | 688,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 8,209,800 | 8,404,200 | 8,801,700 |
| Total Liabilities | 6,081,900 | 6,086,200 | 6,559,600 |
| Total Stockholders Equity | 2,127,900 | 2,312,300 | 2,242,100 |
| Total Debt | 3,244,300 | 3,152,200 | 3,732,900 |
| Cash and Cash Equivalents | 215,000 | 329,100 | 202,800 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 826,000 | 938,800 | 881,400 |
| Capital Expenditure | -285,100 | -208,800 | -169,000 |
| Free Cash Flow | 540,900 | 730,000 | 712,400 |
| Net Income | 503,000 | 704,900 | 688,000 |
| Net Change in Cash | 47,800 | 114,100 | -126,300 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 9,816,758.446 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 10,284,687.863 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 10,055,889.787 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 1,463,648.113 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 1,533,414.932 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 1,499,301.851 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 964,457.418 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 976,937.394 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 970,697.406 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 1,403,718.998 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 1,470,629.212 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 1,437,912.892 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 12.540 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 12.620 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 12.460 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 6 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 2 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Solid Financial Performance: Avery Dennison reported a 2% year-over-year increase in earnings for Q3 2025, as highlighted in the earnings call transcript. Key metrics such as revenue, net income, and operating income reflect consistent operational efficiency, supported by positive free cash flow trends from the cash flow statements.
- Focus on High-Value Categories: The earnings call emphasized a strategic shift toward high-value product categories, driving margin improvements. This focus on innovation aligns with industry trends in the Materials Solutions sector, enhancing competitive positioning.
- Strong Balance Sheet Metrics: The balance sheet data indicates a healthy level of cash and cash equivalents relative to total current liabilities, with a manageable debt-to-equity ratio (per Key Metrics TTM). This financial stability supports sustained investment in growth initiatives.
- Operational Resilience: The earnings call summary underscores Avery Dennison’s ability to navigate market challenges through cost management and operational adjustments, maintaining profitability despite external pressures.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates AVY intrinsic value between $132.94 – $186.17 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about AVY valuation
Is Avery Dennison Corporation (AVY) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Avery Dennison Corporation (AVY) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is AVY a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether AVY trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is AVY’s P/E ratio?
You can see AVY’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for AVY?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is AVY a good long-term investment?
Whether AVY fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
AVY
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Daily snapshot
-1.66
Trading Metrics:
| Open: | 180.55 | Previous Close: | 182.33 | |
| Day Low: | 178.53 | Day High: | 181.59 | |
| Year Low: | 152.42 | Year High: | 199.54 | |
| Price Avg 50: | 168.03 | Price Avg 200: | 173.04 | |
| Volume: | 236660 | Average Volume: | 743211 |
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Welcome to MARKETSNAP’s SWOT analysis for Avery Dennison, a company that might not be a household name for everyone but plays a critical role in the world of materials and labeling solutions. If you’re a long-term investor looking to diversify your portfolio with a solid industrial player, stick around because we’re diving deep into what makes Avery Dennison tick, from their latest financials to market trends that could shape their future. Let’s break it down with a comprehensive SWOT analysis,…
