# Avery Dennison Corp. (AVY) — Stock CV

Avery Dennison Corp. is a $12.7B materials company. Revenue grew 5.8% over the last year, it keeps 8¢ of every dollar of sales as profit, and its net debt equals ~3.3 years of free cash flow. It trades at 18.0× earnings — in the cheapest third of its own history.

> Avery Dennison Corp provides materials science and digital identification solutions, offering labeling and functional materials, RFID inlays and tags, software connecting physical and digital, and products that enhance packaging and customer experience.

## Identity

- **Ticker**: AVY
- **Sector**: Basic Materials
- **Industry**: Converted Paper & Paperboard Prods (No Contaners/Boxes)
- **Headquarters**: MENTOR, OH
- **Employees**: 35 000
- **Website**: https://www.averydennison.com
- **Market cap**: $12.7B
- **Last price**: $167.82
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $9.25B
- **Net income**: $705M
- **Free cash flow**: $1.06B
- **Net debt**: $3.53B
- **P/E**: 18.0
- **Revenue growth (YoY)**: 5.8%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 95 |
| Growth | 30 |
| Profitability | 62 |
| Health | 53 |
| Quality | 90 |
| Moat | 68 |

## Qualifications (beginner checklist) — 10 of 11 passed

- [x] Revenue growing — +5.8% YoY
- [x] Profitable — $705M TTM
- [ ] Profit growing — -1.6% YoY
- [x] Generates cash — $1.06B TTM
- [x] Debt under control — ~3.3y of cash flow to repay
- [x] Established company — $12.7B market cap
- [x] Not printing shares — -6.9% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [x] Financially stable — Altman Z 2.8 — grey
- [x] Pays a dividend — yield 2.31%
- [x] Valuation not extreme — P/E 18.0

## Experience (career milestones)

- **FY2022** — Best year on record: $757M net income
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $6.09B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak

## Strengths

- Interest covered 8.0× by operating earnings

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $8.41B | $740M | $792M |
| FY2022 | $9.04B | $757M | $683M |
| FY2023 | $8.36B | $503M | $561M |
| FY2024 | $8.76B | $705M | $730M |
| FY2025 | $8.86B | $688M | $712M |

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Source: https://stockcv.com/AVY — derived from company filings; may be delayed or incomplete. Information, not investment advice.