- Investing.com
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 Shift | Avient pivots from acquisitions to innovation-driven organic growth, marking a transformative journey under new leadership with promising initial results |
Financial Upswing | Q2 2024 results exceed expectations, with raised full-year guidance. Analysts set a $52 price target, reflecting confidence in Avient's new direction |
Market Momentum | Explore Avient's above-market growth rates, new business wins, and market share gains, particularly in core regions and high-margin composites segment |
Innovation Frontiers | Delve into Avient's focus on high-growth markets, including composites for semiconductors and power distribution, poised to deliver results by late 2024 |
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 | 30.6x | 14.8x | −0.1x | |
PEG Ratio | −0.41 | 0.01 | 0.00 | |
Price/Book | 1.9x | 1.2x | 1.6x | |
Price / LTM Sales | 1.4x | 0.5x | 1.3x | |
Upside (Analyst Target) | 16.3% | 7.5% | 28.1% | |
Fair Value Upside | Unlock | 14.7% | 1.4% | Unlock |