Avient Corporation (AVNT) vs Perimeter Solutions, SA (PRM)

Avient Corporation and Perimeter Solutions, SA are both Specialty Chemicals companies. Perimeter Solutions, SA is the larger, with a market value of $4.6B against $3.7B — 1.2× the size. Perimeter Solutions, SA has negative trailing earnings, so its P/E is not meaningful; Avient Corporation trades at 22.2×. Perimeter Solutions, SA grew revenue faster over the last twelve months: 24.3% against 2.36%. Avient Corporation has the higher net margin (5.10% vs −44.9%) and the higher return on invested capital (5.05% vs −11.1%). Across the 20 metrics below, Avient Corporation leads on 14 and Perimeter Solutions, SA on 6.

Valuation

Metric AVNT PRM Specialty Chemicals median
P/E 22.19 n/m 24.83
P/S 1.14 6.28 1.46
P/B 1.55 4.66 1.76
Price to free cash flow 19.84 58.10 19.84
EV/EBITDA 10.36 n/m 13.18
EV/Sales 1.57 7.78 1.84
Earnings yield 4.51% (7.56%) 2.11%
Free cash flow yield 5.04% 1.72% 2.29%

Profitability

Metric AVNT PRM Specialty Chemicals median
Gross margin 31.66% 54.70% 29.23%
Operating margin 9.45% (50.60%) 3.63%
Net margin 5.10% (44.86%) 2.89%
Free cash flow margin 5.73% 10.81% 3.78%
Return on equity 7.05% (30.87%) 3.62%
Return on assets 2.80% (11.85%) 0.35%
Return on invested capital 5.05% (11.11%) 2.75%

Growth

Metric AVNT PRM Specialty Chemicals median
Revenue growth (TTM) 2.36% 24.25% 4.51%
EPS growth (last fiscal year) (51.63%) (3,325.00%) —
Revenue growth, 5-year CAGR 8.04% 13.97% 6.30%
Net income growth, 5-year CAGR (9.05%) 0.00% 0.00%

Health

Metric AVNT PRM Specialty Chemicals median
Debt to equity 0.77 1.19 0.54
Current ratio 1.90 1.57 1.94
Net debt to EBITDA 3.63 (2.79) 2.03

Dividend

Metric AVNT PRM Specialty Chemicals median
Dividend yield 2.02% — 1.69%
Payout ratio 2.26 0.00 0.25

Size

Metric AVNT PRM Specialty Chemicals median
Market cap 3.74b 4.59b 2.43b

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