Avon Protection PLC (AVON) fair value: what the stock is really worth
As of Nov 13, 2026: fair value (intrinsic value) of Avon Protection PLC stock £13.05, price £23.10, that is 43.5% below the price, quality 76 out of 100. Rating: strongly overvalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 13, 2026.
How to read this chart
60‑month range £5.71 – £25.65 · fair‑value band £8.31 – £17.73 · the £23.10 price screens above the £13.05 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 13, 2026.
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Avon Technologies Plc, together with its subsidiaries, provides respiratory and head protection products for the military and first responder markets in Europe and the United States. It operates through Avon Protection and Team Wendy segments.
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The company offers respirators, escape hoods, thermal imaging cameras, powered and supplied air, rebreathers, and underwater systems; spares and accessories, such as replacement filters, outserts, and communication systems; chemical, biological, radiological, and nuclear protective wear.
It also provides ballistic and bump protection helmets; and liner and retention systems. The company offers its products under the Avon Protection and Team Wendy brands. In addition, it is involved in investment and pension fund trustee activities.
Avon Technologies Plc was formerly known as Avon Protection plc and changed its name to Avon Technologies Plc in July 2024. Avon Technologies Plc was incorporated in 1890 and is based in Melksham, the United Kingdom.
Stock analysis
Avon Protection PLC (AVON) currently trades at £23.10, while our model-based Fair Value estimate is £13.05, 44% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of £15.75 per share, and 0 of the 25 models we run sit above the £23.10 price.
Bear case: the Dividend Discount group reads lowest at £3.90, and 25 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: £8.31 (bear) to £17.73 (bull), the price of £23.10 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 76/100 (high quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Avon Protection PLC reported revenue of $348M in FY2026 versus $229M in FY2022, a compound +11.1%/yr. Reported net income was $31.3M in FY2026.
Key figures
Market cap £709M Small · P/E ratio 29.6 · P/S ratio 2.66 · EPS (TTM) £0.7800 · Dividend yield 0.8% · Net margin 9.0% · Return on equity 18.0% · Return on assets (EBIT) 4.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 57 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 10% below its 52-week high and 52% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −26% fair-value upside, at −44%, AVON screens richer than that median.
Fair Value models
Bear£8.31Fair Value £13.05Bull£17.73
Price £23.10 · Downside -43.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 1 months old). Earnings retained since then (£0.0733 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
≈ +36.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +35.2%
Dividend (yield on the price)0.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 35.2% / 4.3%
Profit margin 2020 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.7% → 14%
⚠ Base effect: the rate starts in the earnings trough around 2021 (starting value 0.23 per share, median 0.62 in 2016 to 2019). It measures the recovery from the trough, not lasting growth.
⚠ Approximate: the rate leans on 2026, which sits 475% above its own trend.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+21.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+5.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +18.7% a year for the price and +2.9% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Aerospace & Defense · 262 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score76 · Top 25%
Fair Value upside−43.5% · Below median
Profitability
Return on equity (12 months)18.0% · Top 25%
Return on assets9.6% · Top 25%
Net margin (12 months)9.0% · Above median
Operating margin (12 months)13.4% · Above median
Growth and dividend
Revenue growth (quarter YoY)16.8% · Above median
Dividend yield (12 months)0.8% · Below median
Balance sheet
Debt / equity0.34× · Above median
Valuation Multiplesvs Aerospace & Defense median · lower = cheaper
P/E (12 months)29.6× · Cheaper than median
P/B5.04× · Pricier than median
P/S (12 months)2.65× · Cheaper than median
Price / free cash flow (fiscal year)27.3× · Cheaper than median
EV/EBITDA17.0× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)84· sector 65
PAST (return on equity)72· sector 36
HEALTH (low debt)83· sector 93
DIVIDEND (yield)16· sector 18
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Avon Protection PLC (AVON) overvalued or undervalued?
As of Nov 13, 2026, our model estimates a fair value of £13.05 versus a price of £23.10, about 44% lower (overvalued).
What is the fair value of AVON?
Our model-based fair value for Avon Protection PLC is £13.05 (as of Nov 13, 2026), built from audited fundamentals. The current price: £23.10.
What is the quality score of AVON?
Avon Protection PLC has a Quality Score of 76/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Avon Protection PLC (AVON)?
Our model-based price target is the fair value of £13.05 (as of Nov 13, 2026) from 25 valuation models. Cautious scenario £8.31, optimistic scenario £17.73. It is a calculation from audited fundamentals, not an analyst target.
What is the Avon Protection PLC stock forecast for 2026?
Our models put fair value at £13.05, about 44% lower versus a price of £23.10 (overvalued). Cautious scenario £8.31, optimistic scenario £17.73. The calculation is refreshed regularly with new filings.
What is the revenue of Avon Protection PLC (AVON)?
Avon Protection PLC reported trailing-twelve-month revenue of about $354M (latest available figure, as of Nov 13, 2026).
Does Avon Protection PLC pay a dividend?
Avon Protection PLC currently shows a dividend yield of 0.80% relative to its recent price (as of Nov 13, 2026).
How much is the dividend of Avon Protection PLC (AVON) and when is the ex-dividend date?
Avon Protection PLC pays a dividend of £0.185 per share a year, a dividend yield of 0.8%. The last ex-dividend date was Aug 6, 2026. A dividend has been paid every year since 2011. The payout ratio is 22.9% of earnings. Free cash flow covers the dividend 4.80 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Avon Protection PLC (AVON)?
For today's price to be fair in a discounted-cash-flow model, Avon Protection PLC would have to grow free cash flow by +21.5 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.2 % per year. As of Nov 13, 2026.
What discount rate (WACC) does the fair value of AVON use?
Our models discount Avon Protection PLC at 11.8 %: a base by market capitalisation (small), country premium for United Kingdom. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Avon Protection PLC that is +21.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Avon Protection PLC (AVON) delivered so far?
Over the past 5 years revenue at Avon Protection PLC grew +7.2 % a year. The price currently implies free-cash-flow growth of +21.5 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Avon Protection PLC (AVON) growing?
The median revenue growth in the sector is +7.9 % a year. That is the yardstick for the growth priced into Avon Protection PLC (+21.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Avon Protection PLC (AVON)?
The free-cash-flow yield on the price is 3.66 %: that much free cash flow Avon Protection PLC produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Avon Protection PLC (AVON)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Avon Protection PLC it is £13.05 per share (as of Nov 13, 2026), against a price of £23.10. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Avon Protection PLC stock overvalued or undervalued in 2026?
As of Nov 13, 2026, AVON trades above its calculated fair value: price £23.10, fair value £13.05, a gap of about −44% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of AVON?
No. The price is what the market pays today (£23.10); the fair value is what the company's own numbers justify (£13.05). For Avon Protection PLC the two are £10.05 per share apart. That gap is exactly why we show both numbers side by side.
How much is Avon Protection PLC worth?
The market values Avon Protection PLC at about £709M (market capitalisation, as of Nov 13, 2026). Per share that is £23.10; our models calculate a fair value of £13.05 per share.
What do the bullish and bearish scenarios say about AVON?
Our models span a range for Avon Protection PLC: cautious scenario £8.31, base £13.05, optimistic £17.73 per share (as of Nov 13, 2026, price £23.10). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AVON?
Avon Protection PLC trades at a price-to-earnings ratio of 29.6 (as of Nov 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £13.05 is built from several models across several years. Other multiples: P/B 5.0, P/S 2.6, EV/EBITDA 17.0.
How solid is the balance sheet of Avon Protection PLC (AVON)?
Balance-sheet figures for Avon Protection PLC (as of Nov 13, 2026): return on equity 18.0%, debt of 0.34 per unit of equity. They feed the Quality Score of 76/100, which measures business quality independently of the share price.
How far is AVON from its 52-week high?
Avon Protection PLC trades at £23.10, about 10% below its 52-week high of £25.65 and 52% above the low of £15.20 (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of £13.05 is for.
Which stocks are comparable to Avon Protection PLC?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Lockheed Martin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Avon Protection PLC stock attractive at the current price?
The data as of Nov 13, 2026: price £23.10, calculated fair value £13.05 (−44%), Quality Score 76/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of AVON calculated?
We run Avon Protection PLC through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of £13.05 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.9% above its aggregate fair value. Avon Protection PLC itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Avon Protection PLC (AVON)?
The closing price on Nov 13, 2026 was £23.10. Our model-based fair value is £13.05, about 44% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Avon Protection PLC right now?
A high-quality business (quality 76/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (£17.73). The favourable scenario is already priced in. A fairly wide model range (£8.31 to £17.73) leaves room in how you read the outcome.
Where does the earnings growth of Avon Protection PLC (AVON) come from?
Earnings per share at Avon Protection PLC grew −3.8 % a year from 2015 to 2026. Broken into its drivers: revenue per share +6.1 %, EBIT margin −5.4 %, tax rate −2.8 %, residual (interest, one-offs) −1.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Avon Protection PLC
How large is the market capitalisation of Avon Protection PLC (AVON)?
The market capitalisation of Avon Protection PLC is £709M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Avon Protection PLC (AVON)?
The price-to-sales ratio of Avon Protection PLC is 2.66 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Avon Protection PLC (AVON)?
Earnings per share at Avon Protection PLC are £0.7800 (price ÷ EPS = P/E 29.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Avon Protection PLC (AVON)?
The dividend yield of Avon Protection PLC is 0.8% (payout 23.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Avon Protection PLC (AVON)?
The net margin of Avon Protection PLC is 9.0% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Avon Protection PLC (AVON)?
The return on equity (ROE) of Avon Protection PLC is 18.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Avon Protection PLC (AVON)?
On an EBIT basis the return on assets of Avon Protection PLC is 4.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Avon Protection PLC (AVON)?
The operating margin of Avon Protection PLC is 13.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Avon Protection PLC (AVON)?
Revenue at Avon Protection PLC is growing +16.8% versus a year earlier (3y avg +12.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Avon Protection PLC (AVON)?
Earnings per share at Avon Protection PLC are growing +171% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Avon Protection PLC (AVON) carry?
The net debt of Avon Protection PLC is $50.0M (fiscal year 2026, ≈ 1.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 13, 2026