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23.59 (1y: +41%)
Market Cap 10.23 B P/E(ttm)
Enterprise Value 12.38 B P/B 8.37
AVP- NYSE (USA)
Avon Products Inc
  • Currently 1/5
Business Predictability Rank: 1-Star (On Watch)
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$23.59
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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry		 vs
history
Cash to Debt 0.378
AVP's Cash to Debt is ranked lower than
68% of the 874 Companies
in the Global Household & Personal Products industry.

( Industry Median: 1.13 vs. AVP: 0.378 )
AVP' s 10-Year Cash to Debt Range
Min: 0.1   Max: 0.84
Current: 0.38
0.1
0.84
Equity to Asset 0.098
AVP's Equity to Asset is ranked lower than
89% of the 874 Companies
in the Global Household & Personal Products industry.

( Industry Median: 0.52 vs. AVP: 0.098 )
AVP' s 10-Year Equity to Asset Range
Min: -0.16   Max: 0.23
Current: 0.1
-0.16
0.23
Interest Coverage 3.5
AVP's Interest Coverage is ranked lower than
65% of the 874 Companies
in the Global Household & Personal Products industry.

( Industry Median: 9.20 vs. AVP: 3.5 )
AVP' s 10-Year Interest Coverage Range
Min: 4   Max: 93
Current: 3.5
4
93
F-Score: 3
Z-Score: 3.42
M-Score: -2.77
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 4/10

vs
industry		 vs
history
Operating margin (%) 2.90
AVP's Operating margin (%) is ranked lower than
65% of the 874 Companies
in the Global Household & Personal Products industry.

( Industry Median: 5.20 vs. AVP: 2.90 )
AVP' s 10-Year Operating margin (%) Range
Min: 2.9   Max: 15.9
Current: 2.9
2.9
15.9
Net-margin (%) -0.4
AVP's Net-margin (%) is ranked lower than
86% of the 874 Companies
in the Global Household & Personal Products industry.

( Industry Median: 3.60 vs. AVP: -0.4 )
AVP' s 10-Year Net-margin (%) Range
Min: -0.4   Max: 10.9
Current: -0.4
-0.4
10.9
ROE (%) -3.5
AVP's ROE (%) is ranked lower than
89% of the 874 Companies
in the Global Household & Personal Products industry.

( Industry Median: 6.30 vs. AVP: -3.5 )
AVP' s 10-Year ROE (%) Range
Min: -3.5   Max: 179
Current: -3.5
-3.5
179
ROA (%) -0.6
AVP's ROA (%) is ranked lower than
86% of the 874 Companies
in the Global Household & Personal Products industry.

( Industry Median: 3.50 vs. AVP: -0.6 )
AVP' s 10-Year ROA (%) Range
Min: -0.6   Max: 20.4
Current: -0.6
-0.6
20.4
ROC (Joel Greenblatt) (%) 14.70
AVP's ROC (Joel Greenblatt) (%) is ranked higher than
57% of the 874 Companies
in the Global Household & Personal Products industry.

( Industry Median: 12.00 vs. AVP: 14.70 )
AVP' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 14.7   Max: 119.4
Current: 14.7
14.7
119.4
Revenue Growth (%) 0.6
AVP's Revenue Growth (%) is ranked higher than
54% of the 874 Companies
in the Global Household & Personal Products industry.

( Industry Median: 0.00 vs. AVP: 0.6 )
AVP' s 10-Year Revenue Growth (%) Range
Min: 0.6   Max: 9.4
Current: 0.6
0.6
9.4
EBITDA Growth (%) -18.1
AVP's EBITDA Growth (%) is ranked lower than
93% of the 874 Companies
in the Global Household & Personal Products industry.

( Industry Median: 0.00 vs. AVP: -18.1 )
AVP' s 10-Year EBITDA Growth (%) Range
Min: -18.1   Max: 11.9
Current: -18.1
-18.1
11.9
» AVP's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

AVP Guru Trades in Q2 2012

Louis Moore Bacon 90,000 sh (New)
Murray Stahl 23,050 sh (New)
Edward Lampert 145,922 sh (New)
Steven Cohen 543,841 sh (+3591.31%)
Joel Greenblatt 36,459 sh (+85.52%)
Manning & Napier Advisors, Inc 37,521 sh (+84.61%)
Mario Gabelli 427,300 sh (+46.39%)
Charles Brandes 413,191 sh (+21.01%)
Brian Rogers 8,832,400 sh (+2.91%)
Jeff Auxier 256,416 sh (+2.11%)
Donald Yacktman 16,313,475 sh (+0.5%)
John Hussman 2,000 sh (unchged)
Louis Moore Bacon 200,000 sh (unchged)
Paul Singer 250,000 sh (unchged)
Richard Perry Sold Out
Paul Tudor Jones Sold Out
Pioneer Investments Sold Out
Tom Russo Sold Out
Richard Pzena 6,650,312 sh (-19.19%)
Jim Simons 668,600 sh (-35.45%)
Jeremy Grantham 20,293 sh (-88.87%)
Wallace Weitz 10,300 sh (-95.96%)
» More
Q3 2012

AVP Guru Trades in Q3 2012

Ken Fisher 413,500 sh (New)
Jeremy Grantham 53,573 sh (+164%)
Murray Stahl 52,148 sh (+126.24%)
Wallace Weitz 16,200 sh (+57.28%)
Joel Greenblatt 40,868 sh (+12.09%)
Mario Gabelli 478,700 sh (+12.03%)
Donald Yacktman 17,076,995 sh (+4.68%)
Jeff Auxier 262,216 sh (+2.26%)
Manning & Napier Advisors, Inc 37,839 sh (+0.85%)
Yacktman Focused Fund 6,500,000 sh (unchged)
Brian Rogers 8,832,400 sh (unchged)
Louis Moore Bacon 100,000 sh (unchged)
Yacktman Fund 7,600,000 sh (unchged)
Paul Singer 250,000 sh (unchged)
Charles Brandes Sold Out
Jim Simons Sold Out
Louis Moore Bacon Sold Out
Edward Lampert Sold Out
Steven Cohen Sold Out
John Hussman 1,000 sh (-50%)
Richard Pzena 1,088,975 sh (-83.63%)
» More
Q4 2012

AVP Guru Trades in Q4 2012

Steven Cohen 10,936 sh (New)
Charles Brandes 463,508 sh (New)
Louis Moore Bacon 100,000 sh (New)
Paul Tudor Jones 29,900 sh (New)
Joel Greenblatt 97,507 sh (+138.59%)
Mario Gabelli 836,300 sh (+74.7%)
Ken Fisher 645,884 sh (+56.2%)
John Hussman 1,500 sh (+50%)
Wallace Weitz 22,000 sh (+35.8%)
Brian Rogers 9,932,400 sh (+12.45%)
Yacktman Focused Fund 7,200,000 sh (+10.77%)
Yacktman Fund 8,400,000 sh (+10.53%)
Donald Yacktman 18,871,186 sh (+10.51%)
Jeremy Grantham 18,249 sh (unchged)
Jeff Auxier 262,216 sh (unchged)
Richard Pzena 1,087,876 sh (-0.1%)
Manning & Napier Advisors, Inc 32,662 sh (-13.68%)
Murray Stahl 44,548 sh (-14.57%)
» More
Q1 2013

AVP Guru Trades in Q1 2013

Jim Simons 1,050,500 sh (New)
Steven Cohen 60,689 sh (+454.95%)
Mario Gabelli 1,152,900 sh (+37.86%)
Ken Fisher 669,159 sh (+3.6%)
Brian Rogers 10,132,400 sh (+2.01%)
Charles Brandes 470,380 sh (+1.48%)
Donald Yacktman 18,933,332 sh (+0.33%)
Yacktman Fund 8,400,000 sh (unchged)
Yacktman Focused Fund 7,200,000 sh (unchged)
Jeremy Grantham Sold Out
John Hussman Sold Out
Paul Tudor Jones Sold Out
Louis Moore Bacon Sold Out
Richard Pzena Sold Out
Jeff Auxier 236,116 sh (-9.95%)
Murray Stahl 39,668 sh (-10.95%)
Wallace Weitz 16,000 sh (-27.27%)
Manning & Napier Advisors, Inc 10,624 sh (-67.47%)
Joel Greenblatt 20,439 sh (-79.04%)
» More
» Details

Insider Trades

Latest Guru Trades with AVP

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2013-03-31 Reduce -79.04%0.06%$14.36 - $21.1 $ 23.5929%20439
Mario Gabelli 2013-03-31 Add 37.86%0.04%$14.36 - $21.1 $ 23.5929%1152900
John Hussman 2013-03-31 Sold Out $14.36 - $21.1 $ 23.5929%0
Wallace Weitz 2013-03-31 Reduce -27.27%$14.36 - $21.1 $ 23.5929%16000
Yacktman Focused Fund 2012-12-31 Add 10.77%0.16%$13.8 - $17.39 $ 23.5957%7200000
Yacktman Fund 2012-12-31 Add 10.53%0.16%$13.8 - $17.39 $ 23.5957%8400000
Donald Yacktman 2012-12-31 Add 10.51%0.15%$13.8 - $17.39 $ 23.5957%18871186
Charles Brandes 2012-12-31 New Buy0.08%$13.8 - $17.39 $ 23.5957%463508
Joel Greenblatt 2012-12-31 Add 138.59%0.05%$13.8 - $17.39 $ 23.5957%97507
Mario Gabelli 2012-12-31 Add 74.7%0.04%$13.8 - $17.39 $ 23.5957%836300
John Hussman 2012-12-31 Add 50%$13.8 - $17.39 $ 23.5957%1500
Wallace Weitz 2012-12-31 Add 35.8%$13.8 - $17.39 $ 23.5957%22000
Charles Brandes 2012-09-30 Sold Out 0.07%$14.52 - $16.6 $ 23.5949%0
Edward Lampert 2012-09-30 Sold Out 0.04%$14.52 - $16.6 $ 23.5949%0
John Hussman 2012-09-30 Reduce -50%$14.52 - $16.6 $ 23.5949%1000
Wallace Weitz 2012-09-30 Add 57.28%$14.52 - $16.6 $ 23.5949%16200
Richard Perry 2012-06-30 Sold Out 5.1%$15.18 - $23.42 $ 23.5925%0
Wallace Weitz 2012-06-30 Reduce -95.96%0.2%$15.18 - $23.42 $ 23.5925%10300
Edward Lampert 2012-06-30 New Buy0.04%$15.18 - $23.42 $ 23.5925%145922
Joel Greenblatt 2012-06-30 Add 85.52%0.02%$15.18 - $23.42 $ 23.5925%36459
Mario Gabelli 2012-06-30 Add 46.39%0.02%$15.18 - $23.42 $ 23.5925%427300
Charles Brandes 2012-06-30 Add 21.01%0.01%$15.18 - $23.42 $ 23.5925%413191
Premium More recent guru trades are included for Premium Members only!!

Guru Investment Theses on Avon Products Inc

Yacktman Funds Comments on Avon - Mar 13, 2013

Avon (AVP)'s shares disappointed in 2012, though we believe Avon's global distribution channel and products have significantly more value than the current share price. We like the management changes that occurred at the company and believe that the shares are very attractive given the expected earnings power of the business.

From Yacktman Funds 2012 annual letter.


Check out Donald Yacktman latest stock trades

Top Ranked Articles about Avon Products Inc

Yacktman Funds Comments on Avon
March 13, 2013
Avon (AVP)'s shares disappointed in 2012, though we believe Avon's global distribution channel and products have significantly more value than the current share price. We like the management changes that occurred at the company and believe that the shares are very attractive given the expected earnings power of the business. Read more...
Richard Pzena’s Q3 Portfolio Updates: Top Reductions in AVP, CSC and PPG
November 13, 2012
Richard Pzena - Richard Pzena’s Q3 Portfolio Updates: Top Reductions In AVP, CSC And PPG
Richard Pzena is the founder and co-chief investment officer of New York-based Pzena Investment Management. Recently, Pzena reported a total of 90 transactions to its third quarter portfolio update, 10 of which were reductions to current shareholdings and 11 of which were sells of all its shares in companies. The majority of the updates were increases in stakes; there were also seven new buys in the update. Read more...
Eddie Lampert Finds One Attractive Stock in Second Quarter - Avon
August 15, 2012
Edward Lampert - Eddie Lampert Finds One Attractive Stock In Second Quarter - Avon
Renowned investor Eddie Lampert, founder of hedge fund ESL Investments, found only one new stock for his extremely concentrated portfolio of 12 stocks: Avon Products Inc. (AVP). He bought 145,922 shares at an average price of $19. Read more...

Ratios

vs
industry		 vs
history
P/B 8.37
AVP's P/B is ranked lower than
96% of the 854 Companies
in the Global Household & Personal Products industry.

( Industry Median: 1.30 vs. AVP: 8.37 )
AVP' s 10-Year P/B Range
Min: 3.81   Max: 402.38
Current: 8.37
3.81
402.38
P/S 0.96
AVP's P/S is ranked lower than
59% of the 873 Companies
in the Global Household & Personal Products industry.

( Industry Median: 0.80 vs. AVP: 0.96 )
AVP' s 10-Year P/S Range
Min: 0.56   Max: 3
Current: 0.96
0.56
3
PFCF 42.89
AVP's PFCF is ranked lower than
81% of the 559 Companies
in the Global Household & Personal Products industry.

( Industry Median: 17.80 vs. AVP: 42.89 )
AVP' s 10-Year PFCF Range
Min: 14.23   Max: 90.57
Current: 42.89
14.23
90.57
EV-to-EBIT 29.8
AVP's EV-to-EBIT is ranked lower than
79% of the 707 Companies
in the Global Household & Personal Products industry.

( Industry Median: 14.31 vs. AVP: 29.8 )
AVP' s 10-Year EV-to-EBIT Range
Min: 6.8   Max: 34.6
Current: 29.8
6.8
34.6
Shiller P/E 19.29
AVP's Shiller P/E is ranked lower than
100% of the Companies
in the Global Household & Personal Products industry.

( Industry Median: vs. AVP: 19.29 )
AVP' s 10-Year Shiller P/E Range
Min: 9.45   Max: 43.46
Current: 19.29
9.45
43.46

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 1.74
AVP's Dividend Yield is ranked higher than
59% of the 874 Companies
in the Global Household & Personal Products industry.

( Industry Median: 1.29 vs. AVP: 1.74 )
AVP' s 10-Year Dividend Yield Range
Min: 1.02   Max: 6.59
Current: 1.74
1.02
6.59
Dividend growth (3y) -2.8
AVP's Dividend growth (3y) is ranked lower than
91% of the 874 Companies
in the Global Household & Personal Products industry.

( Industry Median: 0.00 vs. AVP: -2.8 )
AVP' s 10-Year Dividend growth (3y) Range
Min: -2.8   Max: 13.6
Current: -2.8
-2.8
13.6
Yield on cost (5-Year) 1.67
AVP's Yield on cost (5-Year) is ranked higher than
59% of the 874 Companies
in the Global Household & Personal Products industry.

( Industry Median: 1.22 vs. AVP: 1.67 )
AVP' s 10-Year Yield on cost (5-Year) Range
Min: 1   Max: 6.46
Current: 1.67
1
6.46
Share Buyback Rate -0.2
AVP's Share Buyback Rate is ranked lower than
68% of the 874 Companies
in the Global Household & Personal Products industry.

( Industry Median: 0.00 vs. AVP: -0.2 )
AVP' s 10-Year Share Buyback Rate Range
Min: 2.2   Max: -0.2
Current: -0.2

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 9
AVP's Price/Net Current Asset Value is ranked lower than
56% of the 766 Companies
in the Global Household & Personal Products industry.

( Industry Median: 7.50 vs. AVP: 9 )
AVP' s 10-Year Price/Net Current Asset Value Range
Min: 5.5   Max: 22.8
Current: 9
5.5
22.8
Price/Tangible Book 14.1
AVP's Price/Tangible Book is ranked lower than
97% of the 803 Companies
in the Global Household & Personal Products industry.

( Industry Median: 1.40 vs. AVP: 14.1 )
AVP' s 10-Year Price/Tangible Book Range
Min: 8.6   Max: 49.4
Current: 14.1
8.6
49.4
Price/DCF (Projected) 2.3
AVP's Price/DCF (Projected) is ranked lower than
67% of the 236 Companies
in the Global Household & Personal Products industry.

( Industry Median: 1.60 vs. AVP: 2.3 )
AVP' s 10-Year Price/DCF (Projected) Range
Min: 1.3   Max: 3.1
Current: 2.3
1.3
3.1
Price/Median PS Value 0.5
AVP's Price/Median PS Value is ranked higher than
85% of the 817 Companies
in the Global Household & Personal Products industry.

( Industry Median: 1.10 vs. AVP: 0.5 )
AVP' s 10-Year Price/Median PS Value Range
Min: 0.3   Max: 1.4
Current: 0.5
0.3
1.4
Earnings Yield (Greenblatt) 3.40
AVP's Earnings Yield (Greenblatt) is ranked lower than
65% of the 874 Companies
in the Global Household & Personal Products industry.

( Industry Median: 5.40 vs. AVP: 3.40 )
AVP' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.9   Max: 14.8
Current: 3.4
2.9
14.8
Forward Rate of Return (Yacktman) -11.92
AVP's Forward Rate of Return (Yacktman) is ranked lower than
94% of the 874 Companies
in the Global Household & Personal Products industry.

( Industry Median: 0.00 vs. AVP: -11.92 )
AVP' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -11.3   Max: 16.8
Current: -11.92
-11.3
16.8

Business Description

Avon Products Inc. commenced operations in 1886 and was incorporated in the State of New York on January 27, 1916. It is a global manufacturer and marketer of beauty and related products. The reportable segments of the Company are based on geographic operations in six regions: Latin America; North America; Central & Eastern Europe; Western Europe, Middle East & Africa; Asia Pacific; and China. The Company's product categories are Beauty, Fashion and Home. Beauty consists of color cosmetics, fragrances, skin care and personal care. Fashion consists of fashion jewelry, watches, apparel, footwear and accessories. Home consists of gift and decorative products, housewares, entertainment and leisure products and children's and nutritional products. Sales from Health and Wellness products and mark., a global cosmetics brand that focuses on the market for young women, are included among these three categories based on product type. The Company presently has sales operations in 65 countries and territories, including the U.S., and distributes its products in 40 more. The Company manufactures and package almost all of is Beauty products. Raw materials, consisting chiefly of essential oils, chemicals, containers and packaging components, are purchased for its Beauty products from various suppliers. Almost all of the company's Fashion and Home products are purchased from various suppliers. Packages, consisting of containers and packaging components, are designed by the company's staff of artists and designers. The design and development of new Beauty products are affected by the cost and availability of materials such as glass, plastics and chemicals. Worldwide, the company competes against products sold to consumers by other direct-selling and direct-sales companies and through the Internet, and against products sold through the mass market and prestige retail channels.
Company Website
SEC Reports
Industry: Household & Personal Products
Compare:LRLCY, KMB, RBGPF, EL, UNLRY
Traded in other countries:AVP.Germany
» More Articles for AVP

Headlines

Articles On GuruFocus.com
This Simple Income Strategy Has Beaten the S&P 500 by 32% Since March 2008 Mar 27 2013 
Yacktman Funds Comments on Avon Mar 13 2013 
Donald Yacktman's Annual Letter Mar 13 2013 
Nu Skin Enterprises (NUS) Dividend Stock Analysis Mar 01 2013 
Why I Want You to Take an Axe to Your Dividend Stock Portfolio Feb 06 2013 
Yacktman Fund Buys Dell Inc, Stryker Corporation, Coca-cola Co, Sells H&R Block Inc, Research In Mot Jan 29 2013 
Yacktman Increases Heavily in Cisco Systems, Buys Dell – Yacktman Fund 4th Quarter Update Jan 28 2013 
How Active Were 2012’s Worst CEOs in Insider Trades? Dec 20 2012 
My 3 Favorites from Higher Capitalized Dividend Stocks Close to New 52-Week Lows Nov 29 2012 
Hedge Fund Billionaire Eddie Lampert Buys Netflix, Big Lots, Sells Gap, Autozone, Capital One Financ Nov 14 2012 

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