Be Wary Of LyondellBasell Industries (NYSE:LYB) And Its Returns On Capital
Nov 28
U.S. Chemicals Industry Analysis
UpdatedNov 28, 2023
DataAggregated Company Financials
Companies162
- 7D-0.04%
- 3M-3.1%
- 1Y-1.0%
- YTD3.6%
The Chemicals industry has been flat over the last week, but Albemarle has lost 7.3%. Furthermore, the industry has been flat for the past year as well. Looking forward, earnings are forecast to grow by 15% annually.
Industry Valuation and Performance
Has the U.S. Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 28 Nov 2023 | US$769.4b | US$398.8b | US$31.6b | 19.5x | 24.3x | 1.9x |
| Thu, 26 Oct 2023 | US$706.8b | US$408.7b | US$30.9b | 15.4x | 22.9x | 1.7x |
| Sat, 23 Sep 2023 | US$749.3b | US$412.0b | US$31.2b | 16.5x | 24x | 1.8x |
| Mon, 21 Aug 2023 | US$773.4b | US$412.0b | US$31.2b | 15.3x | 24.8x | 1.9x |
| Wed, 19 Jul 2023 | US$830.0b | US$444.3b | US$39.1b | 14.4x | 21.2x | 1.9x |
| Fri, 16 Jun 2023 | US$794.9b | US$444.6b | US$39.1b | 13x | 20.3x | 1.8x |
| Sun, 14 May 2023 | US$771.6b | US$444.6b | US$39.2b | 13.3x | 19.7x | 1.7x |
| Tue, 11 Apr 2023 | US$796.7b | US$452.1b | US$42.6b | 12.8x | 18.7x | 1.8x |
| Thu, 09 Mar 2023 | US$815.4b | US$452.6b | US$42.7b | 13.2x | 19.1x | 1.8x |
| Sat, 04 Feb 2023 | US$833.1b | US$458.1b | US$41.6b | 14.4x | 20x | 1.8x |
| Mon, 02 Jan 2023 | US$779.9b | US$460.8b | US$43.3b | 14x | 18x | 1.7x |
| Wed, 30 Nov 2022 | US$813.6b | US$460.8b | US$43.3b | 14.8x | 18.8x | 1.8x |
| Fri, 28 Oct 2022 | US$764.2b | US$457.0b | US$45.0b | 14.2x | 17x | 1.7x |
| Sun, 25 Sep 2022 | US$714.0b | US$454.8b | US$45.5b | 14.2x | 15.7x | 1.6x |
| Tue, 23 Aug 2022 | US$804.6b | US$454.6b | US$45.5b | 15.3x | 17.7x | 1.8x |
| Thu, 21 Jul 2022 | US$769.2b | US$432.2b | US$44.3b | 16.1x | 17.4x | 1.8x |
| Sat, 18 Jun 2022 | US$751.3b | US$432.0b | US$44.3b | 15.1x | 16.9x | 1.7x |
| Mon, 16 May 2022 | US$842.5b | US$431.3b | US$44.2b | 17x | 19.1x | 2x |
| Wed, 13 Apr 2022 | US$857.8b | US$409.1b | US$39.0b | 19.7x | 22x | 2.1x |
| Fri, 11 Mar 2022 | US$799.7b | US$407.6b | US$41.4b | 20.1x | 19.3x | 2x |
| Sun, 06 Feb 2022 | US$830.1b | US$402.7b | US$38.6b | 21.1x | 21.5x | 2.1x |
| Tue, 04 Jan 2022 | US$907.3b | US$390.0b | US$38.7b | 22.1x | 23.5x | 2.3x |
| Thu, 02 Dec 2021 | US$864.7b | US$387.1b | US$38.7b | 20.6x | 22.4x | 2.2x |
| Sat, 30 Oct 2021 | US$875.6b | US$371.9b | US$34.8b | 23.8x | 25.1x | 2.4x |
| Mon, 27 Sep 2021 | US$831.9b | US$362.3b | US$32.2b | 22.8x | 25.8x | 2.3x |
| Wed, 25 Aug 2021 | US$861.6b | US$363.4b | US$32.1b | 21.7x | 26.8x | 2.4x |
| Thu, 01 Jul 2021 | US$846.0b | US$363.2b | US$32.1b | 23x | 26.4x | 2.3x |
| Sun, 04 Apr 2021 | US$819.6b | US$331.2b | US$20.3b | 26.6x | 40.3x | 2.5x |
| Wed, 06 Jan 2021 | US$735.3b | US$315.4b | US$15.5b | 23.6x | 47.6x | 2.3x |
Price to Earnings Ratio
95.6x
Current Industry PE
- Investors are pessimistic on the American Chemicals industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 24.3x which is lower than its 3-year average PE of 27.3x.
- The industry is trading close to its 3-year average PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have grown 62% per year over the last three years.
- Revenues for these companies have grown 8.9% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the U.S. Materials industry?
| US Market | 0.14% | |
| Materials | 0.64% | |
| Chemicals | -0.036% | |
| Industrial Gases | 0.81% | |
| Specialty Chemicals | 0.31% | |
| Diversified Chemicals | -1.34% | |
| Commodity Chemicals | -1.73% | |
| Fertilizers and Agricultural Chemicals | -1.99% | |
Industry PE
- Investors are most optimistic about the Industrial Gases industry even though it's trading below its 3-year average PE ratio of 38.2x.
- Analysts are expecting annual earnings growth of 8.5%, which is lower than the prior year's growth of 29.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Diversified Chemicals industry, expecting annual earnings growth of 86% over the next 5 years.
- This is better than its past earnings decline of 52% per year.
- In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings grow by 7.1% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| LIN Linde | US$412.80 | 1.1% +US$2.2b | 22.2% | PE33.4x | |
| ECL Ecolab | US$189.00 | 2.2% +US$1.1b | 29.9% | PE43.8x | |
| SHW Sherwin-Williams | US$275.38 | 0.9% +US$599.0m | 12.1% | PE29.1x | |
| PPG PPG Industries | US$137.29 | 1.3% +US$407.9m | 5.4% | PE22.8x | |
| CE Celanese | US$133.99 | 2.6% +US$372.3m | 33.0% | PE7.2x |
