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Avon Rubber

BATS-CHIXE:AVONl
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AVONl
BATS-CHIXE
£851M
Market Cap
  1. Home
  2. GB
  3. Capital Goods
Company description

Avon Rubber p.l.c. designs, manufactures, and sells chemical, biological, radiological, and nuclear respiratory protection systems for military, law enforcement, and fire markets worldwide. The last earnings update was 146 days ago. More info.


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AVONl Share Price and Events
7 Day Returns
12.8%
BATS-CHIXE:AVONl
0.6%
GB Aerospace & Defense
0.1%
GB Market
1 Year Returns
103.2%
BATS-CHIXE:AVONl
-0.8%
GB Aerospace & Defense
-23.6%
GB Market
AVONl Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Avon Rubber (AVONl) 12.8% 10.9% 11.8% 103.2% 164.2% -
GB Aerospace & Defense 0.6% -15.8% -19.2% -0.8% -15.2% -21.8%
GB Market 0.1% -15.5% -27% -23.6% -24.3% -23.5%
1 Year Return vs Industry and Market
  • AVONl outperformed the Aerospace & Defense industry which returned -0.8% over the past year.
  • AVONl outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -23.6% over the past year.
Price Volatility
AVONl
Industry
5yr Volatility vs Market

AVONl Value

 Is Avon Rubber undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Avon Rubber to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Avon Rubber.

BATS-CHIXE:AVONl Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BATS-CHIXE:AVONl
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.846 (1 + (1- 19%) (0.01%))
0.897
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.9
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (0.897 * 6.07%)
5.97%

Discounted Cash Flow Calculation for BATS-CHIXE:AVONl using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Avon Rubber is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BATS-CHIXE:AVONl DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 5.97%)
2020 28.93 Analyst x4 27.29
2021 29.28 Analyst x4 26.07
2022 33.97 Analyst x3 28.54
2023 37.27 Est @ 9.72% 29.55
2024 39.86 Est @ 6.96% 29.83
2025 41.87 Est @ 5.03% 29.56
2026 43.41 Est @ 3.68% 28.92
2027 44.60 Est @ 2.74% 28.04
2028 45.52 Est @ 2.07% 27.01
2029 46.26 Est @ 1.61% 25.90
Present value of next 10 years cash flows £280.00
BATS-CHIXE:AVONl DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £46.26 × (1 + 0.53%) ÷ (5.97% – 0.53%)
£854.30
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £854.30 ÷ (1 + 5.97%)10
£478.24
BATS-CHIXE:AVONl Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £280.00 + £478.24
£758.24
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £758.24 / 30.52
£24.85
BATS-CHIXE:AVONl Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:AVONl represents 1.00937x of LSE:AVON
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00937x
Value per Share
(Listing Adjusted, GBP)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 24.85 x 1.00937
£25.08
Value per share (GBP) From above. £25.08
Current discount Discount to share price of £26.95
= -1 x (£26.95 - £25.08) / £25.08
-7.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Avon Rubber is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Avon Rubber's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Avon Rubber's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:AVONl PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in GBP £0.47
LSE:AVON Share Price ** LSE (2020-04-07) in GBP £26.7
United Kingdom of Great Britain and Northern Ireland Aerospace & Defense Industry PE Ratio Median Figure of 9 Publicly-Listed Aerospace & Defense Companies 17.96x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.61x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Avon Rubber.

BATS-CHIXE:AVONl PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:AVON Share Price ÷ EPS (both in GBP)

= 26.7 ÷ 0.47

56.98x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Avon Rubber is overvalued based on earnings compared to the GB Aerospace & Defense industry average.
  • Avon Rubber is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Avon Rubber's expected growth come at a high price?
Raw Data
BATS-CHIXE:AVONl PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 56.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
26.7%per year
United Kingdom of Great Britain and Northern Ireland Aerospace & Defense Industry PEG Ratio Median Figure of 8 Publicly-Listed Aerospace & Defense Companies 2.01x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 517 Publicly-Listed Companies 0.99x

*Line of best fit is calculated by linear regression .

BATS-CHIXE:AVONl PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 56.98x ÷ 26.7%

2.13x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Avon Rubber is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Avon Rubber's assets?
Raw Data
BATS-CHIXE:AVONl PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in GBP £2.83
LSE:AVON Share Price * LSE (2020-04-07) in GBP £26.7
United Kingdom of Great Britain and Northern Ireland Aerospace & Defense Industry PB Ratio Median Figure of 13 Publicly-Listed Aerospace & Defense Companies 2.12x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.11x
BATS-CHIXE:AVONl PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:AVON Share Price ÷ Book Value per Share (both in GBP)

= 26.7 ÷ 2.83

9.43x

* Primary Listing of Avon Rubber.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Avon Rubber is overvalued based on assets compared to the GB Aerospace & Defense industry average.
X
Value checks
We assess Avon Rubber's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Aerospace & Defense industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. Avon Rubber has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AVONl Future Performance

 How is Avon Rubber expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
26.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Avon Rubber expected to grow at an attractive rate?
  • Avon Rubber's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Avon Rubber's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Avon Rubber's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:AVONl Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:AVONl Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 26.7%
BATS-CHIXE:AVONl Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 16.2%
United Kingdom of Great Britain and Northern Ireland Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
United Kingdom of Great Britain and Northern Ireland Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 6.5%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.5%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BATS-CHIXE:AVONl Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:AVONl Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-09-30
2022-09-30 293 51 33 4
2021-09-30 262 48 31 7
2020-09-30 223 43 24 7
2020-04-07
BATS-CHIXE:AVONl Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-09-30 179 16 14
2019-06-30 170 20 14
2019-03-31 161 24 14
2018-12-31 163 28 17
2018-09-30 166 31 20
2018-06-30 162 32 21
2018-03-31 158 33 23
2017-12-31 159 33 22
2017-09-30 159 33 22
2017-03-31 156 31 19
2016-12-31 149 31 18

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Avon Rubber's earnings are expected to grow significantly at over 20% yearly.
  • Avon Rubber's revenue is expected to grow by 16.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BATS-CHIXE:AVONl Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Avon Rubber Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:AVONl Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-09-30
2022-09-30 1.15 1.15 1.15 1.00
2021-09-30 1.08 1.14 1.02 2.00
2020-09-30 0.75 0.86 0.67 3.00
2020-04-07
BATS-CHIXE:AVONl Past Financials Data
Date (Data in GBP Millions) EPS *
2019-09-30 0.47
2019-06-30 0.47
2019-03-31 0.46
2018-12-31 0.56
2018-09-30 0.65
2018-06-30 0.70
2018-03-31 0.75
2017-12-31 0.73
2017-09-30 0.72
2017-03-31 0.62
2016-12-31 0.61

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Avon Rubber will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Avon Rubber's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Avon Rubber has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AVONl Past Performance

  How has Avon Rubber performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Avon Rubber's growth in the last year to its industry (Aerospace & Defense).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Avon Rubber's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Avon Rubber's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Avon Rubber's 1-year earnings growth is negative, it can't be compared to the GB Aerospace & Defense industry average.
Earnings and Revenue History
Avon Rubber's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Avon Rubber Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:AVONl Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 179.30 14.30 42.20
2019-06-30 170.35 14.20 43.20
2019-03-31 161.40 14.10 44.20
2018-12-31 163.45 16.95 43.60
2018-09-30 165.50 19.80 43.00
2018-06-30 161.75 21.30 40.45
2018-03-31 158.00 22.80 37.90
2017-12-31 158.60 22.30 38.90
2017-09-30 159.20 21.80 39.90
2017-03-31 155.50 18.80 39.90
2016-12-31 149.20 18.35 38.00
2016-09-30 142.90 17.90 36.10
2016-03-31 137.80 15.04 31.61
2015-12-31 136.06 15.10 29.24
2015-09-30 134.32 15.17 26.86
2015-03-31 126.11 13.44 23.16
2014-12-31 125.44 12.12 24.17
2014-09-30 124.78 10.81 25.19
2014-06-30 125.77 10.01 25.04
2014-03-31 126.75 9.21 24.90
2013-12-31 125.80 9.03 22.63
2013-09-30 124.85 8.84 20.36
2013-06-30 120.72 8.56 20.42

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Avon Rubber has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Avon Rubber used its assets more efficiently than the GB Aerospace & Defense industry average last year based on Return on Assets.
  • Avon Rubber has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Avon Rubber's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Aerospace & Defense industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Avon Rubber has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AVONl Health

 How is Avon Rubber's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Avon Rubber's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Avon Rubber is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Avon Rubber's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Avon Rubber's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1045x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Avon Rubber Company Filings, last reported 6 months ago.

BATS-CHIXE:AVONl Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 86.40 0.10 48.40
2019-06-30 86.40 0.10 48.40
2019-03-31 71.70 0.10 46.90
2018-12-31 71.70 0.10 46.90
2018-09-30 84.80 0.10 46.60
2018-06-30 84.80 0.10 46.60
2018-03-31 61.90 1.30 40.40
2017-12-31 61.90 1.30 40.40
2017-09-30 55.60 1.80 26.50
2017-03-31 48.00 2.20 14.80
2016-12-31 48.00 2.20 14.80
2016-09-30 42.00 2.50 4.50
2016-03-31 47.89 9.24 0.82
2015-12-31 47.89 9.24 0.82
2015-09-30 42.20 13.01 0.33
2015-03-31 32.73 0.00 7.27
2014-12-31 32.73 0.00 7.27
2014-09-30 25.02 0.00 2.93
2014-06-30 25.02 0.00 2.93
2014-03-31 28.29 5.76 0.22
2013-12-31 28.29 5.76 0.22
2013-09-30 20.70 11.06 0.18
2013-06-30 20.70 11.06 0.18
  • Avon Rubber's level of debt (0.1%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Avon Rubber's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (15800%, greater than 20% of total debt).
  • Avon Rubber earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Avon Rubber's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Avon Rubber has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AVONl Dividends

 What is Avon Rubber's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.78%
Current annual income from Avon Rubber dividends. Estimated to be 1.28% next year.
If you bought £2,000 of Avon Rubber shares you are expected to receive £16 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Avon Rubber's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.59%).
  • Avon Rubber's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (7.08%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BATS-CHIXE:AVONl Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 3.4%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 588 Stocks 5.6%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.6%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BATS-CHIXE:AVONl Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-09-30 0.60 1.00
2022-09-30 0.41 4.00
2021-09-30 0.35 8.00
2020-09-30 0.27 8.00
2020-04-07
BATS-CHIXE:AVONl Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-11-13 0.208 0.910
2018-11-30 0.160 1.137
2018-11-14 0.160 1.201
2017-11-30 0.123 0.940
2017-11-15 0.123 1.073
2017-05-16 0.104 1.043
2017-01-17 0.095 0.945
2015-11-18 0.073 0.804
2015-11-17 0.073 0.669
2014-11-19 0.056 0.675
2013-11-29 0.043 0.683
2013-05-01 0.038 0.785
2012-11-21 0.036 0.913
2012-01-31 0.030 0.992
2011-11-23 0.030 0.970
2011-05-04 0.020 0.685
2011-04-15 0.020 0.799
2010-11-24 0.030 1.347
2009-05-21 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Avon Rubber is not paying a notable dividend for United Kingdom of Great Britain and Northern Ireland, therefore no need to check if the payments are stable.
  • Avon Rubber is not paying a notable dividend for United Kingdom of Great Britain and Northern Ireland, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Avon Rubber's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Avon Rubber's dividends as it is not paying a notable one for United Kingdom of Great Britain and Northern Ireland.
Future Payout to shareholders
  • No need to calculate the sustainability of Avon Rubber's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.
X
Income/ dividend checks
We assess Avon Rubber's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Avon Rubber afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Avon Rubber has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AVONl Management

 What is the CEO of Avon Rubber's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Paul McDonald
COMPENSATION £772,000
AGE 45
TENURE AS CEO 3.2 years
CEO Bio

Mr. Paul McDonald has been Chief Executive at Avon Rubber p.l.c. since February 15, 2017 and serves as its Director. Mr. McDonald served as the Managing Director of Avon Dairy Solutions at Avon Rubber plc from March 2008 to February 15, 2017. Mr. McDonald was responsible for leading Avon's global dairy business and the continued expansion of the Milk-Rite brand and global distribution network. He also oversees the operations, sales and product development functions. He joined Avon in April 2003 as General Manager of UK Operations. He previously worked in the Automotive sector and gained his first General Management position at the age of 26 with Teleflex Fluid Systems.

CEO Compensation
  • Paul's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Paul's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Avon Rubber management team in years:

3.2
Average Tenure
48.5
Average Age
  • The tenure for the Avon Rubber management team is about average.
Management Team

Paul McDonald

TITLE
CEO & Director
COMPENSATION
£772K
AGE
45
TENURE
3.2 yrs

Nick Keveth

TITLE
CFO & Director
COMPENSATION
£461K
AGE
49
TENURE
2.8 yrs

Mike Hamner

TITLE
Vice President of Operations
AGE
48

Mike Harral

TITLE
Chief Technical Officer
AGE
59
TENURE
8.3 yrs

Miles Ingrey-Counter

TITLE
General Counsel & Company Secretary
AGE
46

Gary Dunn

TITLE
Vice President of Sales & Marketing
AGE
63

Craig Sage

TITLE
Managing Director of Milkrite | Interpuls

Leon Klapwijk

TITLE
President of Avon Protection

James Wilcox

TITLE
President of Military

David Mack

TITLE
President of Law Enforcement & Fire
Board of Directors Tenure

Average tenure and age of the Avon Rubber board of directors in years:

3.2
Average Tenure
51.5
Average Age
  • The tenure for the Avon Rubber board of directors is about average.
Board of Directors

David Evans

TITLE
Independent Chairman
COMPENSATION
£18K
AGE
73
TENURE
8.2 yrs

Paul McDonald

TITLE
CEO & Director
COMPENSATION
£772K
AGE
45
TENURE
3.2 yrs

Nick Keveth

TITLE
CFO & Director
COMPENSATION
£461K
AGE
49
TENURE
2.8 yrs

Pim R. Vervaat

TITLE
Senior Independent Non-Executive Director
COMPENSATION
£56K
AGE
54

Chloe Ponsonby

TITLE
Non-Executive Director
COMPENSATION
£51K
AGE
44
TENURE
4.1 yrs

Bruce Thompson

TITLE
Chairman
AGE
64
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • Avon Rubber individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
16. Mar 20 Sell Paul McDonald Individual 11. Mar 20 11. Mar 20 -11,888 £23.00 £-273,424
16. Mar 20 Sell Miles Ingrey-Counter Individual 11. Mar 20 11. Mar 20 -12,640 £23.00 £-290,720
26. Sep 19 Buy Chloe Ponsonby Individual 26. Sep 19 26. Sep 19 1,150 £17.06 £19,619
02. May 19 Buy Pim R. Vervaat Individual 01. May 19 01. May 19 2,500 £14.50 £36,250
X
Management checks
We assess Avon Rubber's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Avon Rubber has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AVONl News

Simply Wall St News

AVONl Company Info

Description

Avon Rubber p.l.c. designs, manufactures, and sells chemical, biological, radiological, and nuclear respiratory protection systems for military, law enforcement, and fire markets worldwide. It operates in two segments, Avon Protection and milkrite | InterPuls. The company offers masks and filters with portfolio of respirators, filters, powered air, and supplied air and long term pedigree for military contracting and supplying chain; escape hoods; underwater rebreathers; and thermal image camera technology and self-contained breathing apparatus, as well as accessories. It also provides milking point solutions, such as milking cluster technology products, which include liner, tubing, claw, and calf nurser products to remove milk from the animal for dairy farmers; precision air systems within the milking process to maximize the performance and efficiency of the system; control solution, a physical control system of the milking system to provide automation opportunities to minimize labor inputs; and intelligence solution, a critical part of the dairy system, which extracts data from the animal and integrates this within the farm herd management system or dairy management system, as well as farm services offerings, such as clusters, pulsators, and tags to the farm on a lease hire basis. The company was founded in 1885 and is headquartered in Melksham, the United Kingdom.

Details
Name: Avon Rubber p.l.c.
AVONl
Exchange: BATS-CHIXE
Founded: 1885
£851,424,802
30,517,018
Website: http://www.avon-rubber.com
Address: Avon Rubber p.l.c.
Hampton Park West,
Semington Road,
Melksham,
Wiltshire, SN12 6NB,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE AVON Ordinary Shares London Stock Exchange GB GBP 02. Jan 1992
OTCPK AVNB.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
BATS-CHIXE AVONl Ordinary Shares BATS 'Chi-X Europe' GB GBP 02. Jan 1992
Number of employees
Current staff
Staff numbers
822
Avon Rubber employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 22:52
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2019/11/13
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.