Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Avery Dennison

AVY stock analysis · Materials · Paper & Plastic Packaging Products & Materials

FY 2025-12-31ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$162.35HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$12.3B

Price × SEC outstanding shares. Shares measured 2026-06-30. Approximate; share and price dates can differ.

View share-count filing ↗
Derived operating income

Derived consolidated operating income from the reviewed income statement, rather than a separately tagged subtotal. Retains other operating expense, including restructuring, and removes only separately presented financing interest and other nonoperating income. Applies only to the two recorded fiscal periods; source history can contain later restatements. Read the financial statement ↗

Valuation

DCF value

$142.55

Equity cash-flow scenario · SEC outstanding shares at 2026-06-30 · -12.2% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

8.1%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

66.6%

18 sector peers · median 29.8×

How this is calculated ↗
Valuation

Historical multiples

21.5×

7 annual observations · snapshot P/E 17.9× · -16.7% versus history

How this is calculated ↗
Valuation

Free cash flow yield

5.8%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

16.9%

Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation) · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

60/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

4.7%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

-2.2%

Parent-earnings fallback versus consolidated cash flow · scope limitation

How this is calculated ↗
Momentum

Fundamental momentum

0.1%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 1B2021-01-02: cfo $751,300,000.002021-01-02: capex $201,400,000.0020212022-01-01: cfo $1,046,800,000.002022-01-01: capex $255,000,000.0020222022-12-31: cfo $961,000,000.002022-12-31: capex $278,100,000.0020222023-12-30: cfo $826,000,000.002023-12-30: capex $265,300,000.0020232024-12-28: cfo $938,800,000.002024-12-28: capex $208,800,000.0020242025-12-31: cfo $881,400,000.002025-12-31: capex $169,000,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$178.80$195.09$212.61
10.0%$131.03$142.55$154.93
12.0%$103.37$112.17$121.60

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-318.9B688M881.4M169M8.8B
2024-12-288.8B704.9M938.8M208.8M8.4B
2023-12-308.4B503M826M265.3M8.2B
2022-12-319B757.1M961M278.1M8B
2022-01-018.4B740.1M1B255M8B
2021-01-027B555.9M751.3M201.4M6.1B
2019-12-287.1B303.6M746.5M219.4M5.5B
2018-12-297.2B467.4M457.9M226.7M5.2B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue8.9BRevenueFromContractWithCustomerExcludingAssessedTax2026-02-25
netIncome688MNetIncomeLoss
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-25
Parent/common earnings proxy688MNetIncomeLoss2026-02-25
cfo881.4MNetCashProvidedByUsedInOperatingActivities2026-02-25
capex169MPaymentsToAcquirePropertyPlantAndEquipment2026-02-25
operatingIncome1BReviewed manual correction
Derived consolidated operating income from the reviewed income statement, rather than a separately tagged subtotal. Retains other operating expense, including restructuring, and removes only separately presented financing interest and other nonoperating income. Applies only to the two recorded fiscal periods; source history can contain later restatements.
2026-02-25
assets8.8BAssets2026-02-25
equity2.2BStockholdersEquity
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-25
Parent book equity proxy2.2BStockholdersEquity2026-02-25
debt3.2BLongTermDebt2026-02-25
shortDebtNot reported under a supported tag
cash202.8MCashAndCashEquivalentsAtCarryingValue2026-02-25
shares78.3MWeightedAverageNumberOfDilutedSharesOutstanding2026-02-25
dividends288.4MPaymentsOfDividendsCommonStock2026-02-25
buybacks572.3MPaymentsForRepurchaseOfCommonStock2026-02-25
issuanceNot reported under a supported tag