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Avast

avast's net profit fell 23.6% yoy to USD 43.3 mil in 2Q2020

By Helgi Library - August 17, 2020

Avast made a net profit of USD 43.3 mil with revenues of USD 217 mil in 2Q2020, down by 23.6% and up by 1.25%, respec...

avast's net profit fell 23.6% yoy to USD 43.3 mil in 2Q2020

By Helgi Library - August 17, 2020

Avast made a net profit of USD 43.3 mil with revenues of USD 217 mil in 2Q2020, down by 23.6% and up by 1.25%, respec...

avast's net profit fell 23.6% yoy to USD 43.3 mil in 2Q2020

By Helgi Library - August 17, 2020

Avast made a net profit of USD 43.3 mil in 2Q2020, down 23.6% compared to the previous year. Total sales reached USD 217 mil, wh...

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avast's net profit fell 23.6% yoy to USD 43.3 mil in 2Q2020

By Helgi Library - August 17, 2020

Avast made a net profit of USD 43.3 mil in 2Q2020, down 23.6% compared to the previous year. Total sales reached USD 217 mil, which is up 1.25% when compared to the previous year. Historically, between 1Q2015 and 2Q2020, the company’s net profit re...

avast's Total Cash From Operations rose 37.7% yoy to USD 105 mil in 2Q2020

By Helgi Library - August 17, 2020

Avast's operating cash flow stood at USD 105 mil in 2Q2020, up 37.7% when compared to the previous year. Historically, between 1Q2015 - 2Q2020, the firm’s operating cash flow reached a high of USD 105 mil in 2Q2020 and a low of USD 45.7 mil in 1Q20...

avast's Total Cash From Operations rose 37.7% yoy to USD 105 mil in 2Q2020

By Helgi Library - August 17, 2020

Avast's operating cash flow stood at USD 105 mil in 2Q2020, up 37.7% when compared to the previous year. Historically, between 1Q2015 - 2Q2020, the firm’s operating cash flow reached a high of USD 105 mil in 2Q2020 and a low of USD 45.7 mil in 1Q20...

avast's Cash & Cash Equivalents remain unchanged yoy at USD mil in 2Q2020

By Helgi Library - October 12, 2020

Avast's total assets reached USD 2,727 mil at the end of 2Q2020, down 2.16% compared to the previous year. Current assets amounted to USD 276 mil, or 10.1% of total assets while cash stood at USD 152 mil at the end of 2Q2020. ...

avast's Cash & Cash Equivalents remain unchanged yoy at USD mil in 2Q2020

By Helgi Library - October 12, 2020

Avast's total assets reached USD 2,727 mil at the end of 2Q2020, down 2.16% compared to the previous year. Current assets amounted to USD 276 mil, or 10.1% of total assets while cash stood at USD 152 mil at the end of 2Q2020. ...

avast's ROCE fell 18.4% yoy to 7.16% in 2Q2020

By Helgi Library - August 17, 2020

Avast made a net profit of USD 43.3 mil in 2Q2020, down 23.6% compared to the previous year. Historically, between 1Q2015 and 2Q2020, the company's net profit reached a high of USD 80.5 mil in 2Q2018 and a low of USD -8.52 mil in 4Q2017. The result implie...

avast's ROCE fell 18.4% yoy to 7.16% in 2Q2020

By Helgi Library - August 17, 2020

Avast made a net profit of USD 43.3 mil in 2Q2020, down 23.6% compared to the previous year. Historically, between 1Q2015 and 2Q2020, the company's net profit reached a high of USD 80.5 mil in 2Q2018 and a low of USD -8.52 mil in 4Q2017. The result implie...

avast's Net Profit per Customer fell 0.446% yoy to USD 0.572 in 2019

By Helgi Library - May 11, 2020

Avast made a net profit of USD 249 mil with revenues of USD 871 mil in 2019, up by 3.11% and up by 7.77%, respectively, compared to the previous year. This translates into a net margin of 28.6%. On the operating level, EBITDA reached USD 455 mil, up 16....

avast's Net Profit per Customer fell 0.446% yoy to USD 0.572 in 2019

By Helgi Library - May 11, 2020

Avast made a net profit of USD 249 mil with revenues of USD 871 mil in 2019, up by 3.11% and up by 7.77%, respectively, compared to the previous year. This translates into a net margin of 28.6%. On the operating level, EBITDA reached USD 455 mil, up 16....

avast's Cash & Cash Equivalents fell 20.1% yoy to USD 218 mil in 2019

By Helgi Library - April 3, 2020

Avast's total assets reached USD 2,866 mil at the end of 2019, down 1.34% compared to the previous year. Current assets amounted to USD 366 mil, or 12.8% of total assets while cash stood at USD 218 mil at the end of 2019. ...

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Avast plc is a UK-registered and originally Czech Republic-based based company that provides security software. The Company offers security software products for desktop security, server protection, and mobile device protection. Its desktop security products include avast! Free Antivirus, a security software product that offers protection against malicious software, such as viruses, worms, and spyware; and Pro Antivirus and Internet Security, which are consumer security software products. AVAST’s roots go back to 1988, when Czech researchers Eduard Kučera and Pavel Baudiš encountered the Vienna Virus and began their quest to save the world’s computers from it and others like it. In 2019, Avast had more than 435 mil monthly active users and the largest market share among anti-malware application vendors worldwide. The company has approximately 1,700 employees across its 25 offices worldwide.

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Finance

Avast has been growing its sales by 32.5% a year on average in the last 5 years. EBITDA has grown on average by 27.4% a year during that time to total of USD 455 mil in 2019, or 52.2% of sales. That’s compared to 48.6% average margin seen in last five years.

The company netted USD 249 mil in 2019 implying ROE of 24.6% and ROCE of 9.65%. Again, the average figures were 14.8% and 5.06%, respectively when looking at the previous 5 years.

Avast’s net debt amounted to USD 875 mil at the end of 2019, or 77.8% of equity. When compared to EBITDA, net debt was 1.92x, down when compared to average of 4.48x seen in the last 5 years.

Valuation

Avast stock traded at GBP 453 per share at the end of 2019 resulting in a market capitalization of USD 6,047 mil. Over the previous five years, stock price grew by 0% or % a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of 15.2x and price to earnings (PE) of 18.9x as of 2019.