Venator Materials（1EC0）株式概要Manufactures and markets chemical products in the United Kingdom and internationally. 詳細1EC0 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績0/6財務の健全性1/6配当金0/6リスク分析過去1年間で株主の希薄化は大幅に進んだ 株式の流動性は非常に低い 過去1年間で収益は15.8%減少しました 最新の財務報告は6か月以上前のものである すべてのリスクチェックを見る1EC0 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€3.85k361.8% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-355m2b2016201920222025202620282031Revenue US$2.0bEarnings US$183.6mAdvancedSet Fair ValueView all narrativesVenator Materials PLC 競合他社Uzin UtzSymbol: XTRA:UZUMarket cap: €322.8mAlzChem GroupSymbol: XTRA:ACTMarket cap: €1.7bH&R GmbH KGaASymbol: XTRA:2HRAMarket cap: €173.1mNabaltecSymbol: XTRA:NTGMarket cap: €99.9m価格と性能株価の高値、安値、推移の概要Venator Materials過去の株価現在の株価US$3,850.6552週高値US$45,107.6152週安値US$137.52ベータ2.091ヶ月の変化0%3ヶ月変化86.67%1年変化-90.91%3年間の変化-99.23%5年間の変化-99.50%IPOからの変化-99.83%最新ニュースお知らせ • Sep 03+ 1 more updateVenator Announces Chief Executive Officer ChangesVenator announced the appointment of Mr. E. Bryan Snell as chief executive officer, effective September 1, 2024. Mr. Snell succeeds Mr. Simon Turner, who will be stepping down from the role. Mr. Snell has served as an Independent Board Director for Venator since October 2023. He brings a wealth of experience from his previous role as President of Titanium Technologies at Chemours. Over his 40-year career, he has held various senior management and operational roles at Chemours (formerly DuPont), including positions in sales and marketing, plant management, and commercial strategy.お知らせ • Jul 18Kronos Worldwide, Inc. (NYSE:KRO) acquired 50% stake in Louisiana Pigment Co.,L.P. from Venator Materials PLC (OTCPK:VNTR.F) for approximately $190 million.Kronos Worldwide, Inc. (NYSE:KRO) acquired 50% stake in Louisiana Pigment Co.,L.P. from Venator Materials PLC (OTCPK:VNTR.F) for approximately $190 million on July 17, 2024. A cash consideration of $185 million will be paid by Kronos Worldwide, Inc. Kronos Worldwide, Inc. will pay an earnout payment of $15 million cash. Kronos Worldwide, Inc. (NYSE:KRO) completed the acquisition of 50% stake in Louisiana Pigment Co.,L.P. from Venator Materials PLC (OTCPK:VNTR.F) on July 17, 2024.お知らせ • Feb 14Venator Materials PLC Files Form 15Venator Materials PLC has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Ordinary Shares under the Securities Exchange Act of 1934, as amended. The par value of the company's Ordinary Shares was $137.523 per share.お知らせ • Dec 24Venator Materials PLC Announces Chief Financial Officer ChangesVenator Materials PLC announced that Kurt Ogden has decided to resign from his position as Chief Financial Officer effective January 31, 2024, to pursue other opportunities outside the Company. On December 22, 2023, the Company appointed Barry Hopkins to serve as Interim Chief Financial Officer, a position in which he is expected to serve until such time as the permanent appointment of a Chief Financial Officer has been made. Mr. Hopkins most recently served as Managing Director at Ankura Turnaround and Restructuring.お知らせ • Dec 23Venator Materials PLC Announces Resignation of Kurt Ogden as Executive Vice President, Effective January 31, 2024Venator Materials PLC announced that Kurt Ogden has decided to resign from his position as Executive Vice President effective January 31, 2024, to pursue other opportunities outside the Company.お知らせ • Jul 07Venator Materials PLC Announces Resignation of Barry Siadat as A DirectorVenator Materials PLC announce the resignation of Barry Siadat as a director of the Issuer with effect from 29 June 2023.最新情報をもっと見るRecent updatesお知らせ • Sep 03+ 1 more updateVenator Announces Chief Executive Officer ChangesVenator announced the appointment of Mr. E. Bryan Snell as chief executive officer, effective September 1, 2024. Mr. Snell succeeds Mr. Simon Turner, who will be stepping down from the role. Mr. Snell has served as an Independent Board Director for Venator since October 2023. He brings a wealth of experience from his previous role as President of Titanium Technologies at Chemours. Over his 40-year career, he has held various senior management and operational roles at Chemours (formerly DuPont), including positions in sales and marketing, plant management, and commercial strategy.お知らせ • Jul 18Kronos Worldwide, Inc. (NYSE:KRO) acquired 50% stake in Louisiana Pigment Co.,L.P. from Venator Materials PLC (OTCPK:VNTR.F) for approximately $190 million.Kronos Worldwide, Inc. (NYSE:KRO) acquired 50% stake in Louisiana Pigment Co.,L.P. from Venator Materials PLC (OTCPK:VNTR.F) for approximately $190 million on July 17, 2024. A cash consideration of $185 million will be paid by Kronos Worldwide, Inc. Kronos Worldwide, Inc. will pay an earnout payment of $15 million cash. Kronos Worldwide, Inc. (NYSE:KRO) completed the acquisition of 50% stake in Louisiana Pigment Co.,L.P. from Venator Materials PLC (OTCPK:VNTR.F) on July 17, 2024.お知らせ • Feb 14Venator Materials PLC Files Form 15Venator Materials PLC has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Ordinary Shares under the Securities Exchange Act of 1934, as amended. The par value of the company's Ordinary Shares was $137.523 per share.お知らせ • Dec 24Venator Materials PLC Announces Chief Financial Officer ChangesVenator Materials PLC announced that Kurt Ogden has decided to resign from his position as Chief Financial Officer effective January 31, 2024, to pursue other opportunities outside the Company. On December 22, 2023, the Company appointed Barry Hopkins to serve as Interim Chief Financial Officer, a position in which he is expected to serve until such time as the permanent appointment of a Chief Financial Officer has been made. Mr. Hopkins most recently served as Managing Director at Ankura Turnaround and Restructuring.お知らせ • Dec 23Venator Materials PLC Announces Resignation of Kurt Ogden as Executive Vice President, Effective January 31, 2024Venator Materials PLC announced that Kurt Ogden has decided to resign from his position as Executive Vice President effective January 31, 2024, to pursue other opportunities outside the Company.お知らせ • Jul 07Venator Materials PLC Announces Resignation of Barry Siadat as A DirectorVenator Materials PLC announce the resignation of Barry Siadat as a director of the Issuer with effect from 29 June 2023.お知らせ • Jun 06Venator Materials PLC, Annual General Meeting, Jun 29, 2023Venator Materials PLC, Annual General Meeting, Jun 29, 2023, at 14:00 Coordinated Universal Time. Location: Hanzard Drive, Wynyard Park Stock-On-Tees United Kingdom Agenda: To consider election or re-election to the Board of Directors of the Company of nominees Stefan M. Selig, Simon Turner, Aaron C. Davenport, Jame Donath, Daniele Ferrari, Peter R. Huntsman, Heike van de Kerkhof and Vir Lakshman; to consider ratification of the appointment of Deloitte & Touche LLP as independent registered public accounting firm in the U.S. for the year ending December 31, 2023; to consider re-appointment of Deloitte LLP as U.K. statutory auditors; and to consider authorization for the Audit Committee to determine the U.K. statutory auditors' remuneration for the financial year ending December 31, 2023; to consider authorization for the Company and its subsidiaries.お知らせ • May 19Venator Materials PLC Reports Impairment of Assets for the First Quarter Ended March 31, 2023Venator Materials PLC reported Impairment of assets for the first quarter ended March 31, 2023. For the quarter, the company reported Impairment of assets of $5 million.お知らせ • May 18Venator Materials PLC(OTCPK:VNTR.Q) dropped from S&P Global BMI IndexVenator Materials PLC(OTCPK:VNTR.Q) dropped from S&P Global BMI Indexお知らせ • May 16+ 2 more updatesNYSE to Suspend Trading Immediately in Venator Materials and Commence Delisting ProceedingsThe New York Stock Exchange LLC (“NYSE” or “Exchange”) announced that the staff of NYSE Regulation has determined to commence proceedings to delist the ordinary shares of Venator Materials PLC (the “Company”) — ticker symbol VNTR — from the NYSE. Trading in the Company’s ordinary shares will be suspended immediately. NYSE Regulation reached its decision that the Company is no longer suitable for listing pursuant to Listed Company Manual Section 802.01D after the Company’s May 15, 2023 disclosure that the Company has filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. In reaching its delisting determination, NYSE Regulation noted the uncertainty as to the ultimate effect of this process on the value of the Company’s ordinary shares. NYSE Regulation also noted that the Company’s ordinary shares are proposed to be cancelled as part of the Company’s restructuring and will experience a complete loss on their investment based on the terms of the restructuring support agreement. The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the Company’s securities upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.Breakeven Date Change • Feb 23No longer forecast to breakevenThe 6 analysts covering Venator Materials no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$30.6m in 2024. New consensus forecast suggests the company will make a loss of US$120.5m in 2024.Reported Earnings • Feb 22Full year 2022 earnings released: US$1.74 loss per share (vs US$0.72 loss in FY 2021)Full year 2022 results: US$1.74 loss per share (further deteriorated from US$0.72 loss in FY 2021). Revenue: US$2.17b (down 1.8% from FY 2021). Net loss: US$188.0m (loss widened 144% from FY 2021). Revenue is forecast to stay flat during the next 3 years compared to a 1.4% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings.お知らせ • Feb 10Venator Materials PLC to Report Q4, 2022 Results on Feb 21, 2023Venator Materials PLC announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Feb 21, 2023Board Change • Feb 01High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Jame Donath was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Jan 21Venator Materials PLC Announces Board AppointmentsVenator Materials PLC announced the appointment of new independent directors, Stefan M. Selig and Jame Donath, who bring extensive experience to the role including in finance, investment and regulatory affairs, following the resignation of Miguel Kohlmann from the Board. In addition to serving as Venator's Chairman, Mr. Selig also will be a member of the Board's Audit Committee. Mr. Donath will join the Board's Compensation Committee. About Stefan M. Selig: Stefan M. Selig is the founder of BridgePark Advisors LLC and serves as the Lead Independent Director of the Board of directors for Safehold Inc. and is a Board member of Simon Property Group. Mr. Selig served as Undersecretary of Commerce for International Trade for the U.S. Department of Commerce from June 2014 to June 2016. Prior to that time, Mr. Selig was with Bank of America Merrill Lynch from March 1999 to May 2014, ultimately serving as Executive Vice Chairman of Global Corporate and Investment Banking. About Jame Donath: Jame Donath is an investor and corporate director with over 20 years of experience sourcing and executing credit and private equity investments. He was formerly the Managing Partner of Magnolia Road Capital, a global event-driven credit hedge fund based in New York. Prior to forming Magnolia Road in 2013, Mr. Donath was a Managing Director at Davidson Kempner Capital Management in New York and London, where he launched and oversaw the firm's European credit business. He started his career at Goldman Sachs in the Investment Banking Division.お知らせ • Jan 12J&T MS 1 SICAV Sends a Letter to Venator MaterialsOn January 10, 2023, J&T MS 1 SICAV announced that it has sent a letter Venator Materials Plc, highlighting the change in share price under the current board management, Company’s strategic decision making, its approach in shareholders engagement and drastic change in shareholder value. In addition, J&T MS 1 SICAV stated that the current board needed to be change to create value to the shareholders and stated that it has nominated Martin Seycek and another independent director to the Company board at the 2023 annual meeting of shareholders.お知らせ • Dec 23AMISTA Investment Engages in Discussions with Venator MaterialsOn December 21, 2022, AMISTA Investment Company announced that it has been engaged in substantive discussions with Venator Materials PLC’s management since the filing of the first amendment and intends to hold further discussions in the near future.Reported Earnings • Nov 17Third quarter 2022 earnings released: US$0.46 loss per share (vs US$0.44 loss in 3Q 2021)Third quarter 2022 results: US$0.46 loss per share (further deteriorated from US$0.44 loss in 3Q 2021). Revenue: US$506.0m (down 9.2% from 3Q 2021). Net loss: US$50.0m (loss widened 6.4% from 3Q 2021). Revenue is forecast to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings.Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Miguel Kohlmann was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Nov 16Cathay Industries entered into a definitive agreement to acquire Iron Oxide Business of Venator Materials PLC.Cathay Industries entered into a definitive agreement to acquire Iron Oxide Business of Venator Materials PLC on November 14, 2022. The enterprise value of Iron Oxide Business $140 million. Purchase price of $140 million, less closing indebtedness of $20 million plus primary working capital and closing cash adjustments as of the closing date approximately $6 million based upon the latest carve out financial statements. The transaction is expected to close by the end of the first quarter in 2023. Citi served as financial advisor and Latham & Watkins served as legal advisor to Venator Materials PLC. Citigroup Inc. (NYSE:C) served as financial advisor and Latham & Watkins LLP served as legal advisor to Venator Materials PLC.お知らせ • Nov 07Venator Materials Receives Notice from NYSEVenator Materials PLC received written notice on November 2, 2022, from the NYSE indicating that Venator is no longer in compliance with the continued listing standard set forth in Section 802.01C of the NYSE's Listed Company Manual because the average closing price of the Company's ordinary shares was less than $1.00 per share over a consecutive 30 trading-day period. The notice does not result in the immediate delisting of the company's ordinary shares from the NYSE. Venator plans to notify the NYSE by November 16, 2022, that it intends to cure the stock price deficiency and return to compliance with the NYSE continued listing standard. Venator can regain compliance at any time within the six-month cure period following receipt of the NYSE notice if, on the last trading day of any calendar month during the cure period or on the last business day of the six-month cure period, Venator's ordinary shares have a closing price of at least $1.00 per share and an average closing share price of at least $1.00 over the 30 trading-day period ending on such date. Venator intends to consider available alternatives, including but not limited to a reverse stock split that is subject to shareholder approval, no later than Venator's next Annual General Meeting of Shareholders, if necessary to cure the stock price non-compliance. Venator's ordinary shares will continue to be listed and trade on the NYSE during this period, subject to its compliance with other NYSE continued listing standards.Buying Opportunity • Nov 01Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 51%. The fair value is estimated to be €1.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 5.8% in 2 years. Earnings is forecast to decline by 76% in the next 2 years.お知らせ • Oct 07Venator Materials PLC to Report Q3, 2022 Results on Nov 14, 2022Venator Materials PLC announced that they will report Q3, 2022 results Pre-Market on Nov 14, 2022Valuation Update With 7 Day Price Move • Sep 20Investor sentiment deteriorated over the past weekAfter last week's 23% share price decline to €1.33, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 10x in the Chemicals industry in Germany. Total loss to shareholders of 49% over the past three years.お知らせ • Sep 20AMISTA Investment Engages in Discussions with Venator MaterialsOn September 19, 2022, AMISTA Investment Company has engaged in preliminary discussions with Venator Materials PLC’s management since the filing of the Original Schedule and intend to hold further discussions in the near future.Board Change • Sep 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Miguel Kohlmann was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Aug 10Venator Materials PLC Announces Changes to Board of DirectorsVenator Materials PLC announced the resignation of Kathy Patrick from its Board of Directors and the appointment of Miguel Kohlmann to its Board of Directors, both effective August 9, 2022.Ms. Patrick has served as a director since the Company's IPO in 2017 and served on Venator's Audit Committee and Compensation Committee at the time of her resignation. She is resigning due to other professional commitments. Mr. Kohlmann is based in Europe and has substantial industry experience as a former CEO and via service on a number of boards, including the listed Danish building materials group H+H. Mr. Kohlmann is an independent director and will serve as a member of Venator's Audit Committee and Compensation Committee.Reported Earnings • Jul 27Second quarter 2022 earnings released: EPS: US$0.86 (vs US$0.21 loss in 2Q 2021)Second quarter 2022 results: EPS: US$0.86 (up from US$0.21 loss in 2Q 2021). Revenue: US$642.0m (up 13% from 2Q 2021). Net income: US$93.0m (up US$116.0m from 2Q 2021). Profit margin: 14% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 9.0%, compared to a 7.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.お知らせ • Jul 12Venator Materials PLC to Report Q2, 2022 Results on Jul 26, 2022Venator Materials PLC announced that they will report Q2, 2022 results Pre-Market on Jul 26, 2022Breakeven Date Change • May 09Forecast breakeven date pushed back to 2023The 9 analysts covering Venator Materials previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 93% to 2022. The company is expected to make a profit of US$32.7m in 2023. Average annual earnings growth of 108% is required to achieve expected profit on schedule.Reported Earnings • May 05First quarter 2022 earnings released: US$0.028 loss per share (vs US$0.20 loss in 1Q 2021)First quarter 2022 results: US$0.028 loss per share (up from US$0.20 loss in 1Q 2021). Revenue: US$659.0m (up 19% from 1Q 2021). Net loss: US$3.00m (loss narrowed 86% from 1Q 2021). Over the next year, revenue is forecast to grow 9.5%, compared to a 8.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings.お知らせ • Apr 20Venator Materials PLC to Report Q1, 2022 Results on May 04, 2022Venator Materials PLC announced that they will report Q1, 2022 results Pre-Market on May 04, 2022Reported Earnings • Feb 24Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: US$0.72 loss per share (up from US$1.05 loss in FY 2020). Revenue: US$2.21b (up 14% from FY 2020). Net loss: US$77.0m (loss narrowed 31% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 14%, compared to a 6.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 05Third quarter 2021 earnings released: US$0.44 loss per share (vs US$0.39 loss in 3Q 2020)The company reported a solid third quarter result with improved revenues and control over costs, although losses increased. Third quarter 2021 results: Revenue: US$557.0m (up 18% from 3Q 2020). Net loss: US$47.0m (loss widened 12% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.Breakeven Date Change • Aug 14Forecast breakeven pushed back to 2022The 10 analysts covering Venator Materials previously expected the company to break even in 2021. New consensus forecast suggests losses will reduce by 81% to 2021. The company is expected to make a profit of US$17.1m in 2022. Average annual earnings growth of 106% is required to achieve expected profit on schedule.Reported Earnings • Aug 04Second quarter 2021 earnings released: US$0.21 loss per share (vs US$0.18 loss in 2Q 2020)The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: US$567.0m (up 24% from 2Q 2020). Net loss: US$23.0m (loss widened 21% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 37% per year whereas the company’s share price has fallen by 38% per year.Breakeven Date Change • Jul 05Forecast breakeven moved forward to 2021The 10 analysts covering Venator Materials previously expected the company to break even in 2022. New consensus forecast suggests the company will make a profit of US$9.32m in 2021. Earnings growth of 94% is required to achieve expected profit on schedule.お知らせ • May 07Feralco AB signed an agreement to acquire Water Treatment Business from Venator Materials PLC for approximately $6 million.Feralco AB signed an agreement to acquire Water Treatment Business from Venator Materials PLC for approximately $6 million during April 2021. The consideration will be payable in cash. The transaction is expected to close during the second quarter of 2021.Reported Earnings • May 07First quarter 2021 earnings released: US$0.20 loss per share (vs US$0.066 profit in 1Q 2020)The company reported a soft first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: US$553.0m (up 3.9% from 1Q 2020). Net loss: US$21.0m (down 400% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings.お知らせ • Feb 13Venator Materials PLC Appoints Vir Lakshman as Member of its Board of DirectorsVenator Materials PLC ('Venator') announced that Vir Lakshman has been appointed to serve as a member of its Board of Directors. The appointment of Vir Lakshman was effective February 11, 2021. Mr. Lakshman worked for KPMG in Germany from 1999 to July 2019, where he was Head of Chemicals and Life Sciences in Germany and a Deal Advisory Partner.お知らせ • Feb 10Venator Materials PLC to Report Q4, 2020 Results on Feb 24, 2021Venator Materials PLC announced that they will report Q4, 2020 results Pre-Market on Feb 24, 2021お知らせ • Jan 15Venator Materials PLC Announces Board ChangesVenator Materials PLC announced that the resignation of Sir Robert J. Margetts as a director of the Issuer with effect from 01 January 2021 and the resignation of Douglas D. Anderson as a director of the Issuer with effect from 01 January 2021.お知らせ • Jan 05Venator Materials PLC Announces Board ChangesVenator Materials PLC announced that Barry B. Siadat, Aaron C. Davenport and Heike van de Kerkhof have been elected as new members to its Board of Directors. The appointment of Dr. Siadat was effective December 31, 2020. Prior to co-founding SK Capital Partners, Dr. Siadat worked for 37 years in the chemicals and materials industries as an inventor, operator and investor. Dr. Siadat has been the chairman of several specialty materials and chemicals companies. He currently serves as Chairman of the Board for Ascend Performance Materials, Aristech Acrylics, Archroma and SI Group. Additionally, he serves on the Board of Directors of Mt. Sinai Hospital in Miami Beach. Dr. Siadat has been elected Chairman of the Board of Directors of Venator. The appointment of Mr. Davenport was effective January 1, 2021. Mr. Davenport also is a managing director of SK Capital, focusing on the specialty chemicals and pharmaceutical industries. He currently serves as Chairman of the Board of Noramco, Tasmanian Alkaloids, Wavelength Pharmaceuticals and Perimeter Solutions. Mr. Davenport was appointed to serve on Venator's Nominating and Corporate Governance Committee. The appointment of Ms. van de Kerkhof was effective January 1, 2021. Ms. van de Kerkhof has more than 30 years´ experience in the chemicals and materials industries. She is currently Chief Executive Officer and a member of the Board of Directors at Archroma Management GmbH. Prior to Archroma, she held leadership positions across various functions at DuPont from 1989 to 2015 and at Chemours, from 2015 – 2017. Ms. van de Kerkhof was appointed to serve as Chair of Venator's Nominating and Corporate Governance Committee and a member of its Compensation Committee. Daniele Ferrari, Peter R. Huntsman, Kathy D. Patrick and Simon Turner will continue to serve on the Board as a Directors. Mr. Ferrari was appointed Chair of the Audit Committee and member of the Compensation Committee and member of the Nominating and Corporate Governance Committee. Mr. Huntsman was appointed to serve as member of the Audit Committee. Ms. Patrick was appointed Chair of the Compensation Committee and member of the Audit Committee. Douglas D. Anderson and Sir Robert J. Margetts have each resigned from the Board, effective January 1, 2021.お知らせ • Dec 25Funds advised by SK Capital Partners completed the acquisition of 39.7% stake in Venator Materials PLC (NYSE:VNTR) from Huntsman Corporation (NYSE:HUN).Funds advised by SK Capital Partners agreed to acquire 39.8% stake in Venator Materials PLC (NYSE:VNTR) from Huntsman Corporation (NYSE:HUN) for approximately $100 million on August 28, 2020. SK Capital agreed to acquire 42.5 million shares as part of this transaction. SK Capital have a 30-month option for the sale of Huntsman’s remaining approximate 9.5 million shares it holds. The transaction is subject to regulatory approvals. Transaction was approved by the non conflicted independent members of Board of Venator Materials. The transaction was approved by the European Commission on December 9, 2020. The transaction is expected to close near year-end. Matthew Arenson, David Holdsworth, Rebecca Villarreal, Melanie Harmon, Benjamin Schreiner, Timothy Lowe, Tim Cruickshank, Will Boothby, Carla Hine, Sarah Jordan, Thomas Wilson, Marin Boney and Michael Falk of Kirkland & Ellis LLP acted as legal advisors to SK Capital Partners. BofA Securities acted as financial advisor in the transaction. Funds advised by SK Capital Partners completed the acquisition of 39.7% stake in Venator Materials PLC (NYSE:VNTR) from Huntsman Corporation (NYSE:HUN) on December 23, 2020. SK Capital acquired 42.4 million shares and The agreement also includes a 30-month option pursuant to which SK Capital can elect to purchase Huntsman’s remaining approximate 9.7 million shares.お知らせ • Dec 17Venator Materials PLC Approves Plan to Implement Restructuring Program at Certain of its Manufacturing Facilities in GermanyEffective December 9, 2020, the Board of Directors of Venator Materials PLC approved a plan to implement a restructuring program at certain of its manufacturing facilities in Germany as part of its recently announced 2020 Business Improvement Program. As a result of the closure, the company expects to incur approximately $60 to $80 million of pre-tax charges, consisting of approximately $35 to $40 million of cash charges that it expects to incur through 2022, primarily related to employee severance for approximately 280 associates. The remaining costs consist of non-cash charges primarily related to impairment of fixed assets which the Company expects to incur in the fourth quarter of 2020. The Company expects the 2020 Business Improvement Program, of which this restructuring plan is a part, to result in approximately $45 to $50 million of cash charges and approximately $55 million of annual savings once fully implemented.Is New 90 Day High Low • Dec 03New 90-day high: €2.14The company is up 20% from its price of €1.78 on 04 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.75 per share.Analyst Estimate Surprise Post Earnings • Nov 07Revenue beats expectationsRevenue exceeded analyst estimates by 4.9%. Over the next year, revenue is forecast to grow 3.6%, compared to a 2.9% growth forecast for the Chemicals industry in Germany.Reported Earnings • Nov 07Third quarter 2020 earnings released: US$0.39 loss per shareThe company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: US$474.0m (down 9.9% from 3Q 2019). Net loss: US$42.0m (loss widened 121% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 80% per year but the company’s share price has only fallen by 56% per year, which means it has not declined as severely as earnings.お知らせ • Oct 10Venator Materials PLC to Report Q3, 2020 Results on Nov 05, 2020Venator Materials PLC announced that they will report Q3, 2020 results at 9:00 AM, GMT Standard Time on Nov 05, 2020お知らせ • Aug 29SK Capital Partners agreed to acquire % stake in Venator Materials PLC (NYSE:VNTR) from Huntsman Corporation (NYSE:HUN) for approximately $100 million.SK Capital Partners agreed to acquire % stake in Venator Materials PLC (NYSE:VNTR) from Huntsman Corporation (NYSE:HUN) for approximately $100 million on August 28, 2020. SK Capital have a 30-month option for the sale of Huntsman’s remaining approximate 9.5 million shares it holds. The transaction is subject to regulatory approvals and is expected to close near year-end.お知らせ • Jul 22Venator Materials PLC to Report Q2, 2020 Results on Aug 04, 2020Venator Materials PLC announced that they will report Q2, 2020 results at 9:00 AM, GMT Standard Time on Aug 04, 2020株主還元1EC0DE ChemicalsDE 市場7D0%-0.8%2.4%1Y-90.9%4.2%1.2%株主還元を見る業界別リターン: 1EC0過去 1 年間で4.2 % の収益を上げたGerman Chemicals業界を下回りました。リターン対市場: 1EC0は、過去 1 年間で1.2 % のリターンを上げたGerman市場を下回りました。価格変動Is 1EC0's price volatile compared to industry and market?1EC0 volatility1EC0 Average Weekly Movementn/aChemicals Industry Average Movement6.0%Market Average Movement6.1%10% most volatile stocks in DE Market13.4%10% least volatile stocks in DE Market2.7%安定した株価: 1EC0の株価は、 German市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 過去 1 年間の1EC0のボラティリティの変化を判断するには データが不十分です。会社概要設立従業員CEO（最高経営責任者ウェブサイト20173,400Simon Turnerwww.venatorcorp.comもっと見るVenator Materials PLC 基礎のまとめVenator Materials の収益と売上を時価総額と比較するとどうか。1EC0 基礎統計学時価総額€699.68m収益（TTM）-€327.59m売上高(TTM)€1.80b0.4xP/Sレシオ-2.1xPER（株価収益率1EC0 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計1EC0 損益計算書（TTM）収益US$1.95b売上原価US$2.02b売上総利益-US$70.00mその他の費用US$285.00m収益-US$355.00m直近の収益報告Mar 31, 2023次回決算日該当なし一株当たり利益（EPS）-451.82グロス・マージン-3.59%純利益率-18.19%有利子負債／自己資本比率662.2%1EC0 の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2024/04/06 15:50終値2024/01/08 00:00収益2023/03/31年間収益2022/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Venator Materials PLC 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。13 アナリスト機関John McNultyBMO Capital Markets Equity ResearchMatthew DeYoeBofA Global ResearchPrashant JuvekarCitigroup Inc10 その他のアナリストを表示
お知らせ • Sep 03+ 1 more updateVenator Announces Chief Executive Officer ChangesVenator announced the appointment of Mr. E. Bryan Snell as chief executive officer, effective September 1, 2024. Mr. Snell succeeds Mr. Simon Turner, who will be stepping down from the role. Mr. Snell has served as an Independent Board Director for Venator since October 2023. He brings a wealth of experience from his previous role as President of Titanium Technologies at Chemours. Over his 40-year career, he has held various senior management and operational roles at Chemours (formerly DuPont), including positions in sales and marketing, plant management, and commercial strategy.
お知らせ • Jul 18Kronos Worldwide, Inc. (NYSE:KRO) acquired 50% stake in Louisiana Pigment Co.,L.P. from Venator Materials PLC (OTCPK:VNTR.F) for approximately $190 million.Kronos Worldwide, Inc. (NYSE:KRO) acquired 50% stake in Louisiana Pigment Co.,L.P. from Venator Materials PLC (OTCPK:VNTR.F) for approximately $190 million on July 17, 2024. A cash consideration of $185 million will be paid by Kronos Worldwide, Inc. Kronos Worldwide, Inc. will pay an earnout payment of $15 million cash. Kronos Worldwide, Inc. (NYSE:KRO) completed the acquisition of 50% stake in Louisiana Pigment Co.,L.P. from Venator Materials PLC (OTCPK:VNTR.F) on July 17, 2024.
お知らせ • Feb 14Venator Materials PLC Files Form 15Venator Materials PLC has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Ordinary Shares under the Securities Exchange Act of 1934, as amended. The par value of the company's Ordinary Shares was $137.523 per share.
お知らせ • Dec 24Venator Materials PLC Announces Chief Financial Officer ChangesVenator Materials PLC announced that Kurt Ogden has decided to resign from his position as Chief Financial Officer effective January 31, 2024, to pursue other opportunities outside the Company. On December 22, 2023, the Company appointed Barry Hopkins to serve as Interim Chief Financial Officer, a position in which he is expected to serve until such time as the permanent appointment of a Chief Financial Officer has been made. Mr. Hopkins most recently served as Managing Director at Ankura Turnaround and Restructuring.
お知らせ • Dec 23Venator Materials PLC Announces Resignation of Kurt Ogden as Executive Vice President, Effective January 31, 2024Venator Materials PLC announced that Kurt Ogden has decided to resign from his position as Executive Vice President effective January 31, 2024, to pursue other opportunities outside the Company.
お知らせ • Jul 07Venator Materials PLC Announces Resignation of Barry Siadat as A DirectorVenator Materials PLC announce the resignation of Barry Siadat as a director of the Issuer with effect from 29 June 2023.
お知らせ • Sep 03+ 1 more updateVenator Announces Chief Executive Officer ChangesVenator announced the appointment of Mr. E. Bryan Snell as chief executive officer, effective September 1, 2024. Mr. Snell succeeds Mr. Simon Turner, who will be stepping down from the role. Mr. Snell has served as an Independent Board Director for Venator since October 2023. He brings a wealth of experience from his previous role as President of Titanium Technologies at Chemours. Over his 40-year career, he has held various senior management and operational roles at Chemours (formerly DuPont), including positions in sales and marketing, plant management, and commercial strategy.
お知らせ • Jul 18Kronos Worldwide, Inc. (NYSE:KRO) acquired 50% stake in Louisiana Pigment Co.,L.P. from Venator Materials PLC (OTCPK:VNTR.F) for approximately $190 million.Kronos Worldwide, Inc. (NYSE:KRO) acquired 50% stake in Louisiana Pigment Co.,L.P. from Venator Materials PLC (OTCPK:VNTR.F) for approximately $190 million on July 17, 2024. A cash consideration of $185 million will be paid by Kronos Worldwide, Inc. Kronos Worldwide, Inc. will pay an earnout payment of $15 million cash. Kronos Worldwide, Inc. (NYSE:KRO) completed the acquisition of 50% stake in Louisiana Pigment Co.,L.P. from Venator Materials PLC (OTCPK:VNTR.F) on July 17, 2024.
お知らせ • Feb 14Venator Materials PLC Files Form 15Venator Materials PLC has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Ordinary Shares under the Securities Exchange Act of 1934, as amended. The par value of the company's Ordinary Shares was $137.523 per share.
お知らせ • Dec 24Venator Materials PLC Announces Chief Financial Officer ChangesVenator Materials PLC announced that Kurt Ogden has decided to resign from his position as Chief Financial Officer effective January 31, 2024, to pursue other opportunities outside the Company. On December 22, 2023, the Company appointed Barry Hopkins to serve as Interim Chief Financial Officer, a position in which he is expected to serve until such time as the permanent appointment of a Chief Financial Officer has been made. Mr. Hopkins most recently served as Managing Director at Ankura Turnaround and Restructuring.
お知らせ • Dec 23Venator Materials PLC Announces Resignation of Kurt Ogden as Executive Vice President, Effective January 31, 2024Venator Materials PLC announced that Kurt Ogden has decided to resign from his position as Executive Vice President effective January 31, 2024, to pursue other opportunities outside the Company.
お知らせ • Jul 07Venator Materials PLC Announces Resignation of Barry Siadat as A DirectorVenator Materials PLC announce the resignation of Barry Siadat as a director of the Issuer with effect from 29 June 2023.
お知らせ • Jun 06Venator Materials PLC, Annual General Meeting, Jun 29, 2023Venator Materials PLC, Annual General Meeting, Jun 29, 2023, at 14:00 Coordinated Universal Time. Location: Hanzard Drive, Wynyard Park Stock-On-Tees United Kingdom Agenda: To consider election or re-election to the Board of Directors of the Company of nominees Stefan M. Selig, Simon Turner, Aaron C. Davenport, Jame Donath, Daniele Ferrari, Peter R. Huntsman, Heike van de Kerkhof and Vir Lakshman; to consider ratification of the appointment of Deloitte & Touche LLP as independent registered public accounting firm in the U.S. for the year ending December 31, 2023; to consider re-appointment of Deloitte LLP as U.K. statutory auditors; and to consider authorization for the Audit Committee to determine the U.K. statutory auditors' remuneration for the financial year ending December 31, 2023; to consider authorization for the Company and its subsidiaries.
お知らせ • May 19Venator Materials PLC Reports Impairment of Assets for the First Quarter Ended March 31, 2023Venator Materials PLC reported Impairment of assets for the first quarter ended March 31, 2023. For the quarter, the company reported Impairment of assets of $5 million.
お知らせ • May 18Venator Materials PLC(OTCPK:VNTR.Q) dropped from S&P Global BMI IndexVenator Materials PLC(OTCPK:VNTR.Q) dropped from S&P Global BMI Index
お知らせ • May 16+ 2 more updatesNYSE to Suspend Trading Immediately in Venator Materials and Commence Delisting ProceedingsThe New York Stock Exchange LLC (“NYSE” or “Exchange”) announced that the staff of NYSE Regulation has determined to commence proceedings to delist the ordinary shares of Venator Materials PLC (the “Company”) — ticker symbol VNTR — from the NYSE. Trading in the Company’s ordinary shares will be suspended immediately. NYSE Regulation reached its decision that the Company is no longer suitable for listing pursuant to Listed Company Manual Section 802.01D after the Company’s May 15, 2023 disclosure that the Company has filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. In reaching its delisting determination, NYSE Regulation noted the uncertainty as to the ultimate effect of this process on the value of the Company’s ordinary shares. NYSE Regulation also noted that the Company’s ordinary shares are proposed to be cancelled as part of the Company’s restructuring and will experience a complete loss on their investment based on the terms of the restructuring support agreement. The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the Company’s securities upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.
Breakeven Date Change • Feb 23No longer forecast to breakevenThe 6 analysts covering Venator Materials no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$30.6m in 2024. New consensus forecast suggests the company will make a loss of US$120.5m in 2024.
Reported Earnings • Feb 22Full year 2022 earnings released: US$1.74 loss per share (vs US$0.72 loss in FY 2021)Full year 2022 results: US$1.74 loss per share (further deteriorated from US$0.72 loss in FY 2021). Revenue: US$2.17b (down 1.8% from FY 2021). Net loss: US$188.0m (loss widened 144% from FY 2021). Revenue is forecast to stay flat during the next 3 years compared to a 1.4% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings.
お知らせ • Feb 10Venator Materials PLC to Report Q4, 2022 Results on Feb 21, 2023Venator Materials PLC announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Feb 21, 2023
Board Change • Feb 01High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Jame Donath was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Jan 21Venator Materials PLC Announces Board AppointmentsVenator Materials PLC announced the appointment of new independent directors, Stefan M. Selig and Jame Donath, who bring extensive experience to the role including in finance, investment and regulatory affairs, following the resignation of Miguel Kohlmann from the Board. In addition to serving as Venator's Chairman, Mr. Selig also will be a member of the Board's Audit Committee. Mr. Donath will join the Board's Compensation Committee. About Stefan M. Selig: Stefan M. Selig is the founder of BridgePark Advisors LLC and serves as the Lead Independent Director of the Board of directors for Safehold Inc. and is a Board member of Simon Property Group. Mr. Selig served as Undersecretary of Commerce for International Trade for the U.S. Department of Commerce from June 2014 to June 2016. Prior to that time, Mr. Selig was with Bank of America Merrill Lynch from March 1999 to May 2014, ultimately serving as Executive Vice Chairman of Global Corporate and Investment Banking. About Jame Donath: Jame Donath is an investor and corporate director with over 20 years of experience sourcing and executing credit and private equity investments. He was formerly the Managing Partner of Magnolia Road Capital, a global event-driven credit hedge fund based in New York. Prior to forming Magnolia Road in 2013, Mr. Donath was a Managing Director at Davidson Kempner Capital Management in New York and London, where he launched and oversaw the firm's European credit business. He started his career at Goldman Sachs in the Investment Banking Division.
お知らせ • Jan 12J&T MS 1 SICAV Sends a Letter to Venator MaterialsOn January 10, 2023, J&T MS 1 SICAV announced that it has sent a letter Venator Materials Plc, highlighting the change in share price under the current board management, Company’s strategic decision making, its approach in shareholders engagement and drastic change in shareholder value. In addition, J&T MS 1 SICAV stated that the current board needed to be change to create value to the shareholders and stated that it has nominated Martin Seycek and another independent director to the Company board at the 2023 annual meeting of shareholders.
お知らせ • Dec 23AMISTA Investment Engages in Discussions with Venator MaterialsOn December 21, 2022, AMISTA Investment Company announced that it has been engaged in substantive discussions with Venator Materials PLC’s management since the filing of the first amendment and intends to hold further discussions in the near future.
Reported Earnings • Nov 17Third quarter 2022 earnings released: US$0.46 loss per share (vs US$0.44 loss in 3Q 2021)Third quarter 2022 results: US$0.46 loss per share (further deteriorated from US$0.44 loss in 3Q 2021). Revenue: US$506.0m (down 9.2% from 3Q 2021). Net loss: US$50.0m (loss widened 6.4% from 3Q 2021). Revenue is forecast to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings.
Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Miguel Kohlmann was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 16Cathay Industries entered into a definitive agreement to acquire Iron Oxide Business of Venator Materials PLC.Cathay Industries entered into a definitive agreement to acquire Iron Oxide Business of Venator Materials PLC on November 14, 2022. The enterprise value of Iron Oxide Business $140 million. Purchase price of $140 million, less closing indebtedness of $20 million plus primary working capital and closing cash adjustments as of the closing date approximately $6 million based upon the latest carve out financial statements. The transaction is expected to close by the end of the first quarter in 2023. Citi served as financial advisor and Latham & Watkins served as legal advisor to Venator Materials PLC. Citigroup Inc. (NYSE:C) served as financial advisor and Latham & Watkins LLP served as legal advisor to Venator Materials PLC.
お知らせ • Nov 07Venator Materials Receives Notice from NYSEVenator Materials PLC received written notice on November 2, 2022, from the NYSE indicating that Venator is no longer in compliance with the continued listing standard set forth in Section 802.01C of the NYSE's Listed Company Manual because the average closing price of the Company's ordinary shares was less than $1.00 per share over a consecutive 30 trading-day period. The notice does not result in the immediate delisting of the company's ordinary shares from the NYSE. Venator plans to notify the NYSE by November 16, 2022, that it intends to cure the stock price deficiency and return to compliance with the NYSE continued listing standard. Venator can regain compliance at any time within the six-month cure period following receipt of the NYSE notice if, on the last trading day of any calendar month during the cure period or on the last business day of the six-month cure period, Venator's ordinary shares have a closing price of at least $1.00 per share and an average closing share price of at least $1.00 over the 30 trading-day period ending on such date. Venator intends to consider available alternatives, including but not limited to a reverse stock split that is subject to shareholder approval, no later than Venator's next Annual General Meeting of Shareholders, if necessary to cure the stock price non-compliance. Venator's ordinary shares will continue to be listed and trade on the NYSE during this period, subject to its compliance with other NYSE continued listing standards.
Buying Opportunity • Nov 01Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 51%. The fair value is estimated to be €1.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 5.8% in 2 years. Earnings is forecast to decline by 76% in the next 2 years.
お知らせ • Oct 07Venator Materials PLC to Report Q3, 2022 Results on Nov 14, 2022Venator Materials PLC announced that they will report Q3, 2022 results Pre-Market on Nov 14, 2022
Valuation Update With 7 Day Price Move • Sep 20Investor sentiment deteriorated over the past weekAfter last week's 23% share price decline to €1.33, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 10x in the Chemicals industry in Germany. Total loss to shareholders of 49% over the past three years.
お知らせ • Sep 20AMISTA Investment Engages in Discussions with Venator MaterialsOn September 19, 2022, AMISTA Investment Company has engaged in preliminary discussions with Venator Materials PLC’s management since the filing of the Original Schedule and intend to hold further discussions in the near future.
Board Change • Sep 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Miguel Kohlmann was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Aug 10Venator Materials PLC Announces Changes to Board of DirectorsVenator Materials PLC announced the resignation of Kathy Patrick from its Board of Directors and the appointment of Miguel Kohlmann to its Board of Directors, both effective August 9, 2022.Ms. Patrick has served as a director since the Company's IPO in 2017 and served on Venator's Audit Committee and Compensation Committee at the time of her resignation. She is resigning due to other professional commitments. Mr. Kohlmann is based in Europe and has substantial industry experience as a former CEO and via service on a number of boards, including the listed Danish building materials group H+H. Mr. Kohlmann is an independent director and will serve as a member of Venator's Audit Committee and Compensation Committee.
Reported Earnings • Jul 27Second quarter 2022 earnings released: EPS: US$0.86 (vs US$0.21 loss in 2Q 2021)Second quarter 2022 results: EPS: US$0.86 (up from US$0.21 loss in 2Q 2021). Revenue: US$642.0m (up 13% from 2Q 2021). Net income: US$93.0m (up US$116.0m from 2Q 2021). Profit margin: 14% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 9.0%, compared to a 7.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.
お知らせ • Jul 12Venator Materials PLC to Report Q2, 2022 Results on Jul 26, 2022Venator Materials PLC announced that they will report Q2, 2022 results Pre-Market on Jul 26, 2022
Breakeven Date Change • May 09Forecast breakeven date pushed back to 2023The 9 analysts covering Venator Materials previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 93% to 2022. The company is expected to make a profit of US$32.7m in 2023. Average annual earnings growth of 108% is required to achieve expected profit on schedule.
Reported Earnings • May 05First quarter 2022 earnings released: US$0.028 loss per share (vs US$0.20 loss in 1Q 2021)First quarter 2022 results: US$0.028 loss per share (up from US$0.20 loss in 1Q 2021). Revenue: US$659.0m (up 19% from 1Q 2021). Net loss: US$3.00m (loss narrowed 86% from 1Q 2021). Over the next year, revenue is forecast to grow 9.5%, compared to a 8.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings.
お知らせ • Apr 20Venator Materials PLC to Report Q1, 2022 Results on May 04, 2022Venator Materials PLC announced that they will report Q1, 2022 results Pre-Market on May 04, 2022
Reported Earnings • Feb 24Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: US$0.72 loss per share (up from US$1.05 loss in FY 2020). Revenue: US$2.21b (up 14% from FY 2020). Net loss: US$77.0m (loss narrowed 31% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 14%, compared to a 6.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 05Third quarter 2021 earnings released: US$0.44 loss per share (vs US$0.39 loss in 3Q 2020)The company reported a solid third quarter result with improved revenues and control over costs, although losses increased. Third quarter 2021 results: Revenue: US$557.0m (up 18% from 3Q 2020). Net loss: US$47.0m (loss widened 12% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.
Breakeven Date Change • Aug 14Forecast breakeven pushed back to 2022The 10 analysts covering Venator Materials previously expected the company to break even in 2021. New consensus forecast suggests losses will reduce by 81% to 2021. The company is expected to make a profit of US$17.1m in 2022. Average annual earnings growth of 106% is required to achieve expected profit on schedule.
Reported Earnings • Aug 04Second quarter 2021 earnings released: US$0.21 loss per share (vs US$0.18 loss in 2Q 2020)The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: US$567.0m (up 24% from 2Q 2020). Net loss: US$23.0m (loss widened 21% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 37% per year whereas the company’s share price has fallen by 38% per year.
Breakeven Date Change • Jul 05Forecast breakeven moved forward to 2021The 10 analysts covering Venator Materials previously expected the company to break even in 2022. New consensus forecast suggests the company will make a profit of US$9.32m in 2021. Earnings growth of 94% is required to achieve expected profit on schedule.
お知らせ • May 07Feralco AB signed an agreement to acquire Water Treatment Business from Venator Materials PLC for approximately $6 million.Feralco AB signed an agreement to acquire Water Treatment Business from Venator Materials PLC for approximately $6 million during April 2021. The consideration will be payable in cash. The transaction is expected to close during the second quarter of 2021.
Reported Earnings • May 07First quarter 2021 earnings released: US$0.20 loss per share (vs US$0.066 profit in 1Q 2020)The company reported a soft first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: US$553.0m (up 3.9% from 1Q 2020). Net loss: US$21.0m (down 400% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 13Venator Materials PLC Appoints Vir Lakshman as Member of its Board of DirectorsVenator Materials PLC ('Venator') announced that Vir Lakshman has been appointed to serve as a member of its Board of Directors. The appointment of Vir Lakshman was effective February 11, 2021. Mr. Lakshman worked for KPMG in Germany from 1999 to July 2019, where he was Head of Chemicals and Life Sciences in Germany and a Deal Advisory Partner.
お知らせ • Feb 10Venator Materials PLC to Report Q4, 2020 Results on Feb 24, 2021Venator Materials PLC announced that they will report Q4, 2020 results Pre-Market on Feb 24, 2021
お知らせ • Jan 15Venator Materials PLC Announces Board ChangesVenator Materials PLC announced that the resignation of Sir Robert J. Margetts as a director of the Issuer with effect from 01 January 2021 and the resignation of Douglas D. Anderson as a director of the Issuer with effect from 01 January 2021.
お知らせ • Jan 05Venator Materials PLC Announces Board ChangesVenator Materials PLC announced that Barry B. Siadat, Aaron C. Davenport and Heike van de Kerkhof have been elected as new members to its Board of Directors. The appointment of Dr. Siadat was effective December 31, 2020. Prior to co-founding SK Capital Partners, Dr. Siadat worked for 37 years in the chemicals and materials industries as an inventor, operator and investor. Dr. Siadat has been the chairman of several specialty materials and chemicals companies. He currently serves as Chairman of the Board for Ascend Performance Materials, Aristech Acrylics, Archroma and SI Group. Additionally, he serves on the Board of Directors of Mt. Sinai Hospital in Miami Beach. Dr. Siadat has been elected Chairman of the Board of Directors of Venator. The appointment of Mr. Davenport was effective January 1, 2021. Mr. Davenport also is a managing director of SK Capital, focusing on the specialty chemicals and pharmaceutical industries. He currently serves as Chairman of the Board of Noramco, Tasmanian Alkaloids, Wavelength Pharmaceuticals and Perimeter Solutions. Mr. Davenport was appointed to serve on Venator's Nominating and Corporate Governance Committee. The appointment of Ms. van de Kerkhof was effective January 1, 2021. Ms. van de Kerkhof has more than 30 years´ experience in the chemicals and materials industries. She is currently Chief Executive Officer and a member of the Board of Directors at Archroma Management GmbH. Prior to Archroma, she held leadership positions across various functions at DuPont from 1989 to 2015 and at Chemours, from 2015 – 2017. Ms. van de Kerkhof was appointed to serve as Chair of Venator's Nominating and Corporate Governance Committee and a member of its Compensation Committee. Daniele Ferrari, Peter R. Huntsman, Kathy D. Patrick and Simon Turner will continue to serve on the Board as a Directors. Mr. Ferrari was appointed Chair of the Audit Committee and member of the Compensation Committee and member of the Nominating and Corporate Governance Committee. Mr. Huntsman was appointed to serve as member of the Audit Committee. Ms. Patrick was appointed Chair of the Compensation Committee and member of the Audit Committee. Douglas D. Anderson and Sir Robert J. Margetts have each resigned from the Board, effective January 1, 2021.
お知らせ • Dec 25Funds advised by SK Capital Partners completed the acquisition of 39.7% stake in Venator Materials PLC (NYSE:VNTR) from Huntsman Corporation (NYSE:HUN).Funds advised by SK Capital Partners agreed to acquire 39.8% stake in Venator Materials PLC (NYSE:VNTR) from Huntsman Corporation (NYSE:HUN) for approximately $100 million on August 28, 2020. SK Capital agreed to acquire 42.5 million shares as part of this transaction. SK Capital have a 30-month option for the sale of Huntsman’s remaining approximate 9.5 million shares it holds. The transaction is subject to regulatory approvals. Transaction was approved by the non conflicted independent members of Board of Venator Materials. The transaction was approved by the European Commission on December 9, 2020. The transaction is expected to close near year-end. Matthew Arenson, David Holdsworth, Rebecca Villarreal, Melanie Harmon, Benjamin Schreiner, Timothy Lowe, Tim Cruickshank, Will Boothby, Carla Hine, Sarah Jordan, Thomas Wilson, Marin Boney and Michael Falk of Kirkland & Ellis LLP acted as legal advisors to SK Capital Partners. BofA Securities acted as financial advisor in the transaction. Funds advised by SK Capital Partners completed the acquisition of 39.7% stake in Venator Materials PLC (NYSE:VNTR) from Huntsman Corporation (NYSE:HUN) on December 23, 2020. SK Capital acquired 42.4 million shares and The agreement also includes a 30-month option pursuant to which SK Capital can elect to purchase Huntsman’s remaining approximate 9.7 million shares.
お知らせ • Dec 17Venator Materials PLC Approves Plan to Implement Restructuring Program at Certain of its Manufacturing Facilities in GermanyEffective December 9, 2020, the Board of Directors of Venator Materials PLC approved a plan to implement a restructuring program at certain of its manufacturing facilities in Germany as part of its recently announced 2020 Business Improvement Program. As a result of the closure, the company expects to incur approximately $60 to $80 million of pre-tax charges, consisting of approximately $35 to $40 million of cash charges that it expects to incur through 2022, primarily related to employee severance for approximately 280 associates. The remaining costs consist of non-cash charges primarily related to impairment of fixed assets which the Company expects to incur in the fourth quarter of 2020. The Company expects the 2020 Business Improvement Program, of which this restructuring plan is a part, to result in approximately $45 to $50 million of cash charges and approximately $55 million of annual savings once fully implemented.
Is New 90 Day High Low • Dec 03New 90-day high: €2.14The company is up 20% from its price of €1.78 on 04 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.75 per share.
Analyst Estimate Surprise Post Earnings • Nov 07Revenue beats expectationsRevenue exceeded analyst estimates by 4.9%. Over the next year, revenue is forecast to grow 3.6%, compared to a 2.9% growth forecast for the Chemicals industry in Germany.
Reported Earnings • Nov 07Third quarter 2020 earnings released: US$0.39 loss per shareThe company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: US$474.0m (down 9.9% from 3Q 2019). Net loss: US$42.0m (loss widened 121% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 80% per year but the company’s share price has only fallen by 56% per year, which means it has not declined as severely as earnings.
お知らせ • Oct 10Venator Materials PLC to Report Q3, 2020 Results on Nov 05, 2020Venator Materials PLC announced that they will report Q3, 2020 results at 9:00 AM, GMT Standard Time on Nov 05, 2020
お知らせ • Aug 29SK Capital Partners agreed to acquire % stake in Venator Materials PLC (NYSE:VNTR) from Huntsman Corporation (NYSE:HUN) for approximately $100 million.SK Capital Partners agreed to acquire % stake in Venator Materials PLC (NYSE:VNTR) from Huntsman Corporation (NYSE:HUN) for approximately $100 million on August 28, 2020. SK Capital have a 30-month option for the sale of Huntsman’s remaining approximate 9.5 million shares it holds. The transaction is subject to regulatory approvals and is expected to close near year-end.
お知らせ • Jul 22Venator Materials PLC to Report Q2, 2020 Results on Aug 04, 2020Venator Materials PLC announced that they will report Q2, 2020 results at 9:00 AM, GMT Standard Time on Aug 04, 2020
