NYSE:ASH

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Ashland Global Holdings

Executive Summary

Ashland Global Holdings Inc. provides specialty chemical solutions worldwide. More Details

Rewards

Trading at 0.3% below our estimate of its fair value

Earnings are forecast to grow 97.84% per year

Risk Analysis

No risks detected for ASH from our risk checks.


Snowflake Analysis

Adequate balance sheet with moderate growth potential.


Similar Companies

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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.1%

ASH

-0.5%

US Chemicals

-1.3%

US Market


1 Year Return

-5.0%

ASH

10.5%

US Chemicals

18.5%

US Market

Return vs Industry: ASH underperformed the US Chemicals industry which returned 10.5% over the past year.

Return vs Market: ASH underperformed the US Market which returned 18.5% over the past year.


Shareholder returns

ASHIndustryMarket
7 Day-3.1%-0.5%-1.3%
30 Day5.8%1.7%5.3%
90 Day-7.1%5.6%7.5%
1 Year-3.5%-5.0%13.0%10.5%21.3%18.5%
3 Year11.8%7.3%16.0%-5.8%42.4%32.9%
5 Year47.5%-32.7%63.7%25.8%84.2%63.5%

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

Valuation

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

0.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ASH ($72.6) is trading below our estimate of fair value ($72.83)

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 (2.1x).


Next Steps

Future Growth

How is Ashland Global Holdings forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

97.8%

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 (4.5% per year) is forecast to grow slower than the US market (10.1% per year).

High Growth Revenue: ASH's revenue (4.5% 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 (7%).


Next Steps

Past Performance

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

-22.1%

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 22.1% 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 (-18.6%).


Return on Equity

High ROE: ASH has a negative Return on Equity (-15.4%), as it is currently unprofitable.


Next Steps

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 ($937.0M).

Long Term Liabilities: ASH's short term assets ($1.7B) do not cover its long term liabilities ($3.0B).


Debt to Equity History and Analysis

Debt Level: ASH's debt to equity ratio (66.1%) is considered high.

Reducing Debt: ASH's debt to equity ratio has reduced from 116.9% to 66.1% over the past 5 years.


Balance Sheet


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 24% per year.


Next Steps

Dividend

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

1.52%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ASH's dividend (1.52%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.64%).

High Dividend: ASH's dividend (1.52%) is low compared to the top 25% of dividend payers in the US market (4.68%).


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 (20.6% payout ratio).


Next Steps

Management

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

1.7yrs

Average management tenure


CEO

Guillermo Novo (58 yo)

0.83

Tenure

US$115,010

Compensation

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 ...


Leadership Team

NamePositionTenureCompensationOwnership
Guillermo Novo
Chairman & CEO0.83yrUS$115.01k0.021%
$ 936.4k
John Willis
Senior VP & CFO7.42yrsUS$2.84m0.053%
$ 2.3m
Osama Musa
Senior VP & CTO1.92yrsUS$1.76m0.0037%
$ 160.2k
Peter Ganz
Senior VP1.67yrsUS$1.84m0.066%
$ 2.9m
Keith Silverman
Senior Vice President of Global Operations8.33yrsUS$1.83m0.010%
$ 451.7k
Eric Boni
VP of Finance & Principal Accounting Officer0.75yrno data0.026%
$ 1.1m
Seth Mrozek
Director of Investor Relationsno datano datano data
Andrew Beer
Vice President of Marketing & Business Developmentno datano datano data
Vivek Singh
Head of Finance - Indian Operations and Head of Finance - Valvoline/cummins Ltd13.08yrsno datano data
Michael Roe
Chief Compliance Officer & Assistant Secretaryno datano datano data
Min Chong
Senior VP & GM of Specialty Additives and Intermediates and Solvents0.17yrno datano data
Ashok Kalyana
Senior VP & GM of Life Sciences0.17yrno datano data

1.7yrs

Average Tenure

54yo

Average Age

Experienced Management: ASH's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Guillermo Novo
Chairman & CEO0.83yrUS$115.01k0.021%
$ 936.4k
William Dempsey
Independent Director4.25yrsUS$210.00k0.0031%
$ 136.5k
Jay Ihlenfeld
Lead Independent Director1.67yrsUS$232.83k0.0031%
$ 136.5k
Ricky Sandler
Independent Director0.75yrno data0.0046%
$ 202.4k
Brendan Cummins
Independent Director8.42yrsUS$215.65kno data
Craig Rogerson
Independent Director1.67yrsUS$174.44kno data
Janice Teal
Independent Director8.08yrsUS$225.00k0.0031%
$ 136.5k
Jerome Peribere
Independent Director2.75yrsUS$210.00k0.0031%
$ 136.5k
Susan Main
Independent Director3.25yrsUS$230.00k0.0031%
$ 136.5k

2.8yrs

Average Tenure

66yo

Average Age

Experienced Board: ASH's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Ashland Global Holdings Inc.'s company bio, 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
  • Market Cap: US$4.390b
  • Shares outstanding: 60.47m
  • Website: https://www.ashland.com

Number of Employees


Location

  • Ashland Global Holdings Inc.
  • 50 East RiverCenter Boulevard
  • Covington
  • Kentucky
  • 41011
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASHNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1968
AHTDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1968

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 23:48
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
Annual Earnings2019/09/30


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.