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ASH

Ashland Global HoldingsNYSE:ASH Stock Report

Last Price

US$105.70

Market Cap

US$6.0b

7D

1.6%

1Y

24.4%

Updated

17 Jan, 2022

Data

Company Financials +
ASH fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance3/6
Financial Health3/6
Dividends3/6

ASH Stock Overview

Ashland Global Holdings Inc. provides additives and specialty ingredients worldwide.

Ashland Global Holdings Competitors

Sherwin-Williams

NYSE:SHW

US$80.3b

PPG Industries

NYSE:PPG

US$39.2b

Albemarle

NYSE:ALB

US$27.3b

Eastman Chemical

NYSE:EMN

US$17.1b

Price History & Performance

Summary of all time highs, changes and price drops for Ashland Global Holdings
Historical stock prices
Current Share PriceUS$105.70
52 Week HighUS$110.74
52 Week LowUS$79.16
Beta1.26
1 Month Change1.88%
3 Month Change9.91%
1 Year Change24.38%
3 Year Change35.15%
5 Year Change-4.78%
Change since IPO228.08%

Recent News & Updates

Jan 11
Ashland Global Holdings Inc. (NYSE:ASH) Shares Could Be 29% Above Their Intrinsic Value Estimate

Ashland Global Holdings Inc. (NYSE:ASH) Shares Could Be 29% Above Their Intrinsic Value Estimate

In this article we are going to estimate the intrinsic value of Ashland Global Holdings Inc. ( NYSE:ASH ) by taking the...

Nov 23

Ashland - Transformation Is Near Completion

Ashland has continued to divest non-core activities in recent years. This money has been used for selective acquisitions, simplification of the business and lower leverage. I like this transformation, and while the business is much stronger and more stable, current valuations look quite demanding here.

Oct 09
At US$92.60, Is It Time To Put Ashland Global Holdings Inc. (NYSE:ASH) On Your Watch List?

At US$92.60, Is It Time To Put Ashland Global Holdings Inc. (NYSE:ASH) On Your Watch List?

Ashland Global Holdings Inc. ( NYSE:ASH ), might not be a large cap stock, but it saw a double-digit share price rise...

Shareholder Returns

ASHUS ChemicalsUS Market
7D1.6%0.6%-0.3%
1Y24.4%15.3%13.7%

Return vs Industry: ASH exceeded the US Chemicals industry which returned 15.3% over the past year.

Return vs Market: ASH exceeded the US Market which returned 13.7% over the past year.

Price Volatility

Is ASH's price volatile compared to industry and market?
ASH volatility
ASH Average Weekly Movement2.9%
Chemicals Industry Average Movement5.6%
Market Average Movement6.6%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.4%

Stable Share Price: ASH is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: ASH's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19244,100Guillermo Novohttps://www.ashland.com

Ashland Global Holdings Inc. provides additives and specialty ingredients worldwide. It operates through Life Sciences; Personal Care & Household; Specialty Additives; and Intermediates and Solvents segments. The Life Sciences segment offers pharmaceutical solutions, including controlled release polymers, disintegrants, tablet coatings, thickeners, solubilizers, and tablet binders; nutrition solutions, such as thickeners, stabilizers, emulsifiers, and additives; and nutraceutical solutions comprising products for weight management, joint comfort, stomach and intestinal health, sports nutrition, and general wellness, as well as custom formulation, toll processing, and particle engineering solutions.

Ashland Global Holdings Fundamentals Summary

How do Ashland Global Holdings's earnings and revenue compare to its market cap?
ASH fundamental statistics
Market CapUS$6.02b
Earnings (TTM)US$173.00m
Revenue (TTM)US$2.11b

34.8x

P/E Ratio

2.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ASH income statement (TTM)
RevenueUS$2.11b
Cost of RevenueUS$1.44b
Gross ProfitUS$673.00m
ExpensesUS$500.00m
EarningsUS$173.00m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.04
Gross Margin31.88%
Net Profit Margin8.20%
Debt/Equity Ratio71.6%

How did ASH perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

40%

Payout Ratio

Valuation

Is Ashland Global Holdings undervalued compared to its fair value and its price relative to the market?

34.77x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ASH ($105.7) is trading above our estimate of fair value ($80.77)

Significantly Below Fair Value: ASH is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ASH is poor value based on its PE Ratio (34.8x) compared to the US Chemicals industry average (21.8x).

PE vs Market: ASH is poor value based on its PE Ratio (34.8x) compared to the US market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: ASH is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: ASH is good value based on its PB Ratio (2.2x) compared to the US Chemicals industry average (2.6x).


Future Growth

How is Ashland Global Holdings forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

19.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASH's forecast earnings growth (19.8% per year) is above the savings rate (2%).

Earnings vs Market: ASH's earnings (19.8% per year) are forecast to grow faster than the US market (13% per year).

High Growth Earnings: ASH's earnings are forecast to grow, but not significantly.

Revenue vs Market: ASH's revenue (7.6% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: ASH's revenue (7.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ASH's Return on Equity is forecast to be low in 3 years time (19.3%).


Past Performance

How has Ashland Global Holdings performed over the past 5 years?

21.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASH has high quality earnings.

Growing Profit Margin: ASH became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ASH has become profitable over the past 5 years, growing earnings by 21.2% per year.

Accelerating Growth: ASH has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ASH has become profitable in the last year, making it difficult to compare its past year earnings growth to the Chemicals industry (17.5%).


Return on Equity

High ROE: ASH's Return on Equity (6.3%) is considered low.


Financial Health

How is Ashland Global Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: ASH's short term assets ($1.7B) exceed its short term liabilities ($934.0M).

Long Term Liabilities: ASH's short term assets ($1.7B) do not cover its long term liabilities ($2.9B).


Debt to Equity History and Analysis

Debt Level: ASH's net debt to equity ratio (64%) is considered high.

Reducing Debt: ASH's debt to equity ratio has reduced from 79% to 71.6% over the past 5 years.

Debt Coverage: ASH's debt is well covered by operating cash flow (28.4%).

Interest Coverage: ASH's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet


Dividend

What is Ashland Global Holdings's current dividend yield, its reliability and sustainability?

1.14%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ASH's dividend (1.14%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: ASH's dividend (1.14%) is low compared to the top 25% of dividend payers in the US market (3.44%).


Stability and Growth of Payments

Stable Dividend: ASH's dividend payments have been volatile in the past 10 years.

Growing Dividend: ASH's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (39.9%), ASH's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ASH's dividends in 3 years are forecast to be well covered by earnings (23% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.6yrs

Average management tenure


CEO

Guillermo Novo (59 yo)

2.08yrs

Tenure

US$7,597,903

Compensation

Mr. Guillermo Novo serves as Chief Executive Officer and President of Versum Materials, Inc. He serves as Independent Director of PPG Industries, Incorporated and has served as its Director since February...


CEO Compensation Analysis

Compensation vs Market: Guillermo's total compensation ($USD7.60M) is about average for companies of similar size in the US market ($USD6.40M).

Compensation vs Earnings: Guillermo's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ASH's management team is considered experienced (2.6 years average tenure).


Board Members

Experienced Board: ASH's board of directors are considered experienced (4.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Ashland Global Holdings Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Ashland Global Holdings Inc.
  • Ticker: ASH
  • Exchange: NYSE
  • Founded: 1924
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Implied Market Cap: US$6.015b
  • Shares outstanding: 56.91m
  • Website: https://www.ashland.com

Number of Employees


Location

  • Ashland Global Holdings Inc.
  • 8145 Blazer Drive
  • Wilmington
  • Delaware
  • 19808
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 23:15
End of Day Share Price2022/01/14 00:00
Earnings2021/09/30
Annual Earnings2021/09/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.