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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 No Debt
AVX's Cash to Debt is ranked higher than
89% of the 2488 Companies
in the Global Electronic Components industry.

( Industry Median: 4.04 vs. AVX: No Debt )
AVX' s 10-Year Cash to Debt Range
Min: 2.67   Max: 21720.39
Current: No Debt

2.67
21720.39
Equity to Asset 0.81
AVX's Equity to Asset is ranked higher than
88% of the 2478 Companies
in the Global Electronic Components industry.

( Industry Median: 0.58 vs. AVX: 0.81 )
AVX' s 10-Year Equity to Asset Range
Min: 0.66   Max: 0.9
Current: 0.81

0.66
0.9
F-Score: 5
Z-Score: 5.32
M-Score: -2.19
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 : 6/10

vs
industry
vs
history
Operating margin (%) -8.47
AVX's Operating margin (%) is ranked lower than
66% of the 2464 Companies
in the Global Electronic Components industry.

( Industry Median: 3.42 vs. AVX: -8.47 )
AVX' s 10-Year Operating margin (%) Range
Min: -12.56   Max: 31.61
Current: -8.47

-12.56
31.61
Net-margin (%) -4.55
AVX's Net-margin (%) is ranked lower than
63% of the 2465 Companies
in the Global Electronic Components industry.

( Industry Median: 2.74 vs. AVX: -4.55 )
AVX' s 10-Year Net-margin (%) Range
Min: -9.47   Max: 21.76
Current: -4.55

-9.47
21.76
ROE (%) -3.26
AVX's ROE (%) is ranked lower than
60% of the 2428 Companies
in the Global Electronic Components industry.

( Industry Median: 5.17 vs. AVX: -3.26 )
AVX' s 10-Year ROE (%) Range
Min: -7.76   Max: 37.71
Current: -3.26

-7.76
37.71
ROA (%) -2.47
AVX's ROA (%) is ranked lower than
60% of the 2466 Companies
in the Global Electronic Components industry.

( Industry Median: 2.74 vs. AVX: -2.47 )
AVX' s 10-Year ROA (%) Range
Min: -6.45   Max: 30.11
Current: -2.47

-6.45
30.11
ROC (Joel Greenblatt) (%) -14.51
AVX's ROC (Joel Greenblatt) (%) is ranked lower than
65% of the 2460 Companies
in the Global Electronic Components industry.

( Industry Median: 10.23 vs. AVX: -14.51 )
AVX' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -23.39   Max: 84.67
Current: -14.51

-23.39
84.67
Revenue Growth (%) 3.00
AVX's Revenue Growth (%) is ranked higher than
66% of the 1668 Companies
in the Global Electronic Components industry.

( Industry Median: 3.30 vs. AVX: 3.00 )
AVX' s 10-Year Revenue Growth (%) Range
Min: -23.8   Max: 27.1
Current: 3

-23.8
27.1
» AVX's 10-Y Financials

Financials


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

» Details

Guru Trades

Q1 2013

AVX Guru Trades in Q1 2013

Chuck Royce 11,655,064 sh (+5.51%)
Third Avenue Management 4,099,072 sh (+1.32%)
Robert Olstein 34,000 sh (unchged)
Paul Tudor Jones Sold Out
Steven Cohen 11,347 sh (-18.46%)
Joel Greenblatt 279,340 sh (-31.6%)
Jim Simons 83,300 sh (-56.66%)
» More
Q2 2013

AVX Guru Trades in Q2 2013

Paul Tudor Jones 34,300 sh (New)
Jim Simons 293,700 sh (+252.58%)
Robert Olstein 44,000 sh (+29.41%)
Chuck Royce 12,890,483 sh (+10.6%)
Steven Cohen 11,041 sh (-2.7%)
Third Avenue Management 2,070,892 sh (-49.48%)
Joel Greenblatt 102,052 sh (-63.47%)
» More
Q3 2013

AVX Guru Trades in Q3 2013

John Buckingham 88,422 sh (New)
John Keeley 139,900 sh (New)
Chuck Royce 13,775,959 sh (+6.87%)
Robert Olstein 44,000 sh (unchged)
Steven Cohen Sold Out
Third Avenue Management 1,686,086 sh (-18.58%)
Paul Tudor Jones 21,800 sh (-36.44%)
Jim Simons 127,800 sh (-56.49%)
Joel Greenblatt 37,842 sh (-62.92%)
» More
Q4 2013

AVX Guru Trades in Q4 2013

John Keeley 175,265 sh (+25.28%)
Chuck Royce 14,254,683 sh (+3.48%)
John Buckingham 91,291 sh (+3.24%)
Robert Olstein 44,000 sh (unchged)
Paul Tudor Jones Sold Out
Jim Simons Sold Out
Third Avenue Management 1,439,492 sh (-14.63%)
Joel Greenblatt 18,901 sh (-50.05%)
» More
» Details

Insider Trades

Latest Guru Trades with AVX

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2013-12-31 Reduce -50.05%0.01%$12.9 - $14.09 $ 13-4%18901
John Keeley 2013-12-31 Add 25.28%0.01%$12.9 - $14.09 $ 13-4%175265
Joel Greenblatt 2013-09-30 Reduce -62.92%0.03%$12.04 - $13.51 $ 130%37842
John Keeley 2013-09-30 New Buy0.03%$12.04 - $13.51 $ 130%139900
Joel Greenblatt 2013-06-30 Reduce -63.47%0.11%$11.16 - $12.26 $ 1311%102052
Joel Greenblatt 2013-03-31 Reduce -31.6%0.08%$10.78 - $12.05 $ 1313%279340
Joel Greenblatt 2012-09-30 Add 26.22%0.05%$9.32 - $10.85 $ 1326%367469
Joel Greenblatt 2012-06-30 Add 110.06%0.12%$10.37 - $13.41 $ 1312%291144
John Burbank 2012-06-30 Sold Out 0.0027%$10.37 - $13.41 $ 1312%0
Joel Greenblatt 2012-03-31 Add 53.39%0.06%$12.65 - $13.85 $ 136%138599
Ray Dalio 2011-12-31 Sold Out 0.03%$11.45 - $13.95 $ 132%0
Ray Dalio 2011-09-30 New Buy0.03%$11.1 - $15.66 $ 13-1%152186
Joel Greenblatt 2011-06-30 Add 74.87%0.07%$14.35 - $16.48 $ 13-15%77359
Joel Greenblatt 2011-03-31 Add 56.63%0.07%$14.68 - $16.24 $ 13-16%44237
Premium More recent guru trades are included for Premium Members only!!
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Top Ranked Articles about AVX Corporation

Third Avenue Management Update
Founded by veteran value investor Martin Whitman in 1968, Third Avenue Management is an asset management firm that uses a disciplined value approach. At present, Third Avenue Management has around $ 11.1 billion in assets under management. Third Avenue specializes in global and domestic equities, debt instruments, and special situations. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 19.40
AVX's P/E(ttm) is ranked higher than
59% of the 1771 Companies
in the Global Electronic Components industry.

( Industry Median: 19.30 vs. AVX: 19.40 )
AVX' s 10-Year P/E(ttm) Range
Min: 7.63   Max: 81.3
Current: 19.4

7.63
81.3
P/B 1.10
AVX's P/B is ranked higher than
69% of the 2370 Companies
in the Global Electronic Components industry.

( Industry Median: 1.48 vs. AVX: 1.10 )
AVX' s 10-Year P/B Range
Min: 0.74   Max: 2.35
Current: 1.1

0.74
2.35
P/S 1.50
AVX's P/S is ranked lower than
62% of the 2534 Companies
in the Global Electronic Components industry.

( Industry Median: 0.91 vs. AVX: 1.50 )
AVX' s 10-Year P/S Range
Min: 0.82   Max: 3.03
Current: 1.5

0.82
3.03
PFCF 260.00
AVX's PFCF is ranked lower than
82% of the 1305 Companies
in the Global Electronic Components industry.

( Industry Median: 16.38 vs. AVX: 260.00 )
AVX' s 10-Year PFCF Range
Min: 11.68   Max: 628.33
Current: 260

11.68
628.33
EV-to-EBIT 8.80
AVX's EV-to-EBIT is ranked higher than
84% of the 1925 Companies
in the Global Electronic Components industry.

( Industry Median: 15.73 vs. AVX: 8.80 )
AVX' s 10-Year EV-to-EBIT Range
Min: 3.6   Max: 41.9
Current: 8.8

3.6
41.9
Shiller P/E 18.20
AVX's Shiller P/E is ranked higher than
73% of the 794 Companies
in the Global Electronic Components industry.

( Industry Median: 25.60 vs. AVX: 18.20 )
AVX' s 10-Year Shiller P/E Range
Min: 11.19   Max: 112.94
Current: 18.2

11.19
112.94

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.70
AVX's Dividend Yield is ranked higher than
72% of the 1576 Companies
in the Global Electronic Components industry.

( Industry Median: 1.78 vs. AVX: 2.70 )
AVX' s 10-Year Dividend Yield Range
Min: 0.77   Max: 3.26
Current: 2.7

0.77
3.26
Dividend Payout 0.51
AVX's Dividend Payout is ranked lower than
59% of the 1242 Companies
in the Global Electronic Components industry.

( Industry Median: 0.31 vs. AVX: 0.51 )
AVX' s 10-Year Dividend Payout Range
Min: 0.04   Max: 3.8
Current: 0.51

0.04
3.8
Dividend growth (3y) 23.30
AVX's Dividend growth (3y) is ranked higher than
85% of the 616 Companies
in the Global Electronic Components industry.

( Industry Median: 3.80 vs. AVX: 23.30 )
AVX' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 37.5
Current: 23.3

0
37.5
Yield on cost (5-Year) 6.44
AVX's Yield on cost (5-Year) is ranked higher than
92% of the 1644 Companies
in the Global Electronic Components industry.

( Industry Median: 1.94 vs. AVX: 6.44 )
AVX' s 10-Year Yield on cost (5-Year) Range
Min: 1.84   Max: 7.78
Current: 6.44

1.84
7.78
Share Buyback Rate 0.20
AVX's Share Buyback Rate is ranked higher than
82% of the 1229 Companies
in the Global Electronic Components industry.

( Industry Median: -1.20 vs. AVX: 0.20 )
AVX' s 10-Year Share Buyback Rate Range
Min: 0.5   Max: -0.1
Current: 0.2

Valuation & Return

vs
industry
vs
history
Price/Net Cash 4.90
AVX's Price/Net Cash is ranked higher than
72% of the 465 Companies
in the Global Electronic Components industry.

( Industry Median: 9.80 vs. AVX: 4.90 )
AVX' s 10-Year Price/Net Cash Range
Min: 3.52   Max: 503.15
Current: 4.9

3.52
503.15
Price/Net Current Asset Value 2.40
AVX's Price/Net Current Asset Value is ranked higher than
81% of the 941 Companies
in the Global Electronic Components industry.

( Industry Median: 6.20 vs. AVX: 2.40 )
AVX' s 10-Year Price/Net Current Asset Value Range
Min: 2.03   Max: 31.02
Current: 2.4

2.03
31.02
Price/Tangible Book 1.30
AVX's Price/Tangible Book is ranked higher than
64% of the 2297 Companies
in the Global Electronic Components industry.

( Industry Median: 1.60 vs. AVX: 1.30 )
AVX' s 10-Year Price/Tangible Book Range
Min: 0.93   Max: 7.26
Current: 1.3

0.93
7.26
Price/DCF (Projected) 0.90
AVX's Price/DCF (Projected) is ranked higher than
75% of the 947 Companies
in the Global Electronic Components industry.

( Industry Median: 1.30 vs. AVX: 0.90 )
AVX' s 10-Year Price/DCF (Projected) Range
Min: 0.6   Max: 1.58
Current: 0.9

0.6
1.58
Price/Median PS Value 0.90
AVX's Price/Median PS Value is ranked higher than
75% of the 2361 Companies
in the Global Electronic Components industry.

( Industry Median: 1.10 vs. AVX: 0.90 )
AVX' s 10-Year Price/Median PS Value Range
Min: 0.55   Max: 2.53
Current: 0.9

0.55
2.53
Price/Graham Number 1.00
AVX's Price/Graham Number is ranked higher than
65% of the 1701 Companies
in the Global Electronic Components industry.

( Industry Median: 1.20 vs. AVX: 1.00 )
AVX' s 10-Year Price/Graham Number Range
Min: 0.61   Max: 3.69
Current: 1

0.61
3.69
Earnings Yield (Greenblatt) 11.40
AVX's Earnings Yield (Greenblatt) is ranked higher than
84% of the 2081 Companies
in the Global Electronic Components industry.

( Industry Median: 6.10 vs. AVX: 11.40 )
AVX' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.4   Max: 28.1
Current: 11.4

2.4
28.1
Forward Rate of Return (Yacktman) 4.28
AVX's Forward Rate of Return (Yacktman) is ranked higher than
72% of the 1318 Companies
in the Global Electronic Components industry.

( Industry Median: 3.15 vs. AVX: 4.28 )
AVX' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 2.6   Max: 36.8
Current: 4.28

2.6
36.8

Business Description

Industry: Computer Hardware » Electronic Components
Compare:HTHIY, MIELY, APH, TEL, GLW » details
Traded in other countries:AX6.Germany
AVX Corporation is incorporated in Delaware. The Company is a manufacturer and supplier of a broad line of passive electronic components and related products. Its passive electronic component products include ceramic and tantalum capacitors, film capacitors, varistors, filters and other components manufactured in its facilities and passive components manufactured by Kyocera Corporation of Japan (Kyocera). It has three reportable segments: Passive Components, Kyocera Electronic Devices (KED Resale) and Interconnect. The Passive Components segment consists mainly of surface mount and leaded ceramic capacitors, RF thick and thin film components, tantalum capacitors, film capacitors, ceramic and film power capacitors, super capacitors, EMI filters, thick and thin film packages, varistors, thermistors, inductors and resistive products. The KED Resale segment consists mainly of ceramic capacitors, frequency control devices, SAW devices, sensor products, RF modules, actuators, acoustic devices and connectors produced by Kyocera, and resold by AVX. The Interconnect segment consists mainly of AVX Interconnect automotive, telecom and memory connectors manufactured by the Company. It manufactures a full line of multi-layered ceramic and solid tantalum capacitors in many different sizes and configurations. It has a non-exclusive license to distribute and sell certain Kyocera manufactured electronic component and connector products to certain customers and in certain territories outside of Japan. The Company sells its products in a broad array of industries, such as telecommunications, information technology hardware, automotive electronics, medical devices and instrumentation, industrial instrumentation, defense and aerospace electronic systems and consumer electronics. Its product lines include a variety of industry-standard connectors as well as products designed specifically for its customers' unique applications. It produces fine pitch connectors used in portable devices such as smart phones, other cell phones, notebook computers, GPS, and other hand held devices. The Company's products are sold directly to OEMs, EMSs and through manufacturing representatives and independent electronic component distributors. Its major competitors for passive electronic components are Murata Manufacturing Company Ltd, TDK Corporation, KEMET Corporation, Yageo Corporation, Taiyo Yuden Co. Ltd., Samsung Electro-Mechanics and Vishay Intertechnology, Inc. The Company's major competitors for certain electronic connector products are Tyco Electronics, Molex Incorporated and Erni Electronics. It is subject to federal, state and local laws and regulations concerning the environment in the United States and to the environmental laws and regulations of the other countries in which it operates.

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