Ashland Global Holdings Inc. provides specialty chemical solutions worldwide. More Details
Adequate balance sheet with moderate growth potential.
Share Price & News
How has Ashland Global Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ASH is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: ASH's weekly volatility (5%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: ASH underperformed the US Chemicals industry which returned 16.5% over the past year.
Return vs Market: ASH underperformed the US Market which returned 22.2% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Ashland Global Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StHere's Why We're Wary Of Buying Ashland Global Holdings' (NYSE:ASH) For Its Upcoming Dividend
3 weeks ago | Simply Wall StEarnings Update: Ashland Global Holdings Inc. (NYSE:ASH) Just Reported Its Full-Year Results And Analysts Are Updating Their Forecasts
4 weeks ago | Simply Wall StRead This Before Buying Ashland Global Holdings Inc. (NYSE:ASH) For Its Dividend
Is Ashland Global Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ASH ($73.65) is trading below our estimate of fair value ($88.16)
Significantly Below Fair Value: ASH is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ASH is unprofitable, so we can't compare its PE Ratio to the US Chemicals industry average.
PE vs Market: ASH is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ASH's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ASH is good value based on its PB Ratio (1.5x) compared to the US Chemicals industry average (2.4x).
How is Ashland Global Holdings forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ASH is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: ASH is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: ASH's is expected to become profitable in the next 3 years.
Revenue vs Market: ASH's revenue (4.3% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: ASH's revenue (4.3% 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 (8.4%).
How has Ashland Global Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ASH is currently unprofitable.
Growing Profit Margin: ASH is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ASH is unprofitable, and losses have increased over the past 5 years at a rate of 21.2% per year.
Accelerating Growth: Unable to compare ASH's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ASH is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (-16.3%).
Return on Equity
High ROE: ASH has a negative Return on Equity (-16.17%), as it is currently unprofitable.
How is Ashland Global Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: ASH's short term assets ($1.5B) exceed its short term liabilities ($813.0M).
Long Term Liabilities: ASH's short term assets ($1.5B) do not cover its long term liabilities ($3.0B).
Debt to Equity History and Analysis
Debt Level: ASH's debt to equity ratio (61%) is considered high.
Reducing Debt: ASH's debt to equity ratio has reduced from 123.4% to 61% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable ASH has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ASH is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 23.2% per year.
What is Ashland Global Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ASH's dividend (1.49%) is higher than the bottom 25% of dividend payers in the US market (1.48%).
High Dividend: ASH's dividend (1.49%) is low compared to the top 25% of dividend payers in the US market (4.11%).
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: ASH is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: ASH's dividends in 3 years are forecast to be well covered by earnings (28.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Guillermo Novo (58 yo)
Mr. Guillermo Novo serves as Chief Executive Officer and President of Versum Materials, Inc. Mr. Novo is the Chairman of the Board and Chief Executive Officer at Ashland Global Holdings Inc. since December...
|Chairman & CEO||1yr||US$115.01k||0.027% |
|Senior VP & CFO||7.58yrs||US$2.84m||0.062% |
|Senior VP & CTO||2.08yrs||US$1.76m||0.0076% |
|Senior VP||9.42yrs||US$1.84m||0.069% |
|VP of Finance & Principal Accounting Officer||0.92yr||no data||0.029% |
|Director of Investor Relations||no data||no data||no data|
|Vice President of Marketing & Business Development||no data||no data||no data|
|Head of Finance - Indian Operations and Head of Finance - Valvoline/cummins Ltd||13.25yrs||no data||no data|
|Chief Compliance Officer & Assistant Secretary||no data||no data||no data|
|Senior VP & GM of Specialty Additives and Intermediates and Solvents||0.92yr||no data||no data|
|Senior VP & GM of Life Sciences||0.92yr||no data||no data|
|Senior VP and GM of Personal Care & Household||0.83yr||no data||no data|
Experienced Management: ASH's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
|Chairman & CEO||1yr||US$115.01k||0.027% |
|Independent Director||4.42yrs||US$210.00k||0.0031% |
|Lead Independent Director||1.83yrs||US$232.83k||0.0031% |
|Independent Director||0.92yr||no data||0.0046% |
|Independent Director||8.58yrs||US$215.65k||no data|
|Independent Director||1.83yrs||US$174.44k||no data|
|Independent Director||8.25yrs||US$225.00k||0.0031% |
|Independent Director||2.92yrs||US$210.00k||0.0031% |
|Independent Director||3.42yrs||US$230.00k||0.0031% |
Experienced Board: ASH's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ASH insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Ashland Global Holdings Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Ashland Global Holdings Inc.
- Ticker: ASH
- Exchange: NYSE
- Founded: 1924
- Industry: Specialty Chemicals
- Sector: Materials
- Market Cap: US$4.517b
- Shares outstanding: 60.58m
- Website: https://www.ashland.com
Number of Employees
- Ashland Global Holdings Inc.
- 50 East RiverCenter Boulevard
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ASH||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jan 1968|
|AHT||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1968|
Ashland Global Holdings Inc. provides specialty chemical solutions worldwide. The company’s Specialty Ingredients segment offers products, technologies, and resources for solving formulation and product-pe...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/12/03 23:10|
|End of Day Share Price||2020/12/03 00:00|
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.