Ashland Inc.

NYSE:ASH Stock Report

Market Cap: US$3.4b

Ashland Valuation

Is ASH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ASH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ASH ($71.85) is trading below our estimate of fair value ($163.54)

Significantly Below Fair Value: ASH is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ASH?

Key metric: As ASH is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ASH. This is calculated by dividing ASH's market cap by their current earnings.
What is ASH's PE Ratio?
PE Ratio17x
EarningsUS$199.00m
Market CapUS$3.38b

Price to Earnings Ratio vs Peers

How does ASH's PE Ratio compare to its peers?

The above table shows the PE ratio for ASH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.3x
AVNT Avient
25.4x20.4%US$3.8b
FUL H.B. Fuller
20.4x14.1%US$3.7b
SXT Sensient Technologies
35x20.2%US$3.1b
KWR Quaker Chemical
20.2x18.3%US$2.5b
ASH Ashland
17x4.1%US$3.4b

Price-To-Earnings vs Peers: ASH is good value based on its Price-To-Earnings Ratio (17x) compared to the peer average (25.3x).

Price to Earnings Ratio vs Industry

How does ASH's PE Ratio compare vs other companies in the US Chemicals Industry?

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FFHL Fuwei Films (Holdings)
2.8xn/aUS$27.11m
BSLK Bolt Projects Holdings
0.07xn/aUS$10.35m
BON Bon Natural Life
2.4xn/aUS$5.84m
GSPI Green Star Products
1.7xn/aUS$1.64m
ASH 17.0xIndustry Avg. 20.4xNo. of Companies8PE01224364860+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ASH is good value based on its Price-To-Earnings Ratio (17x) compared to the US Chemicals industry average (20.4x).

Price to Earnings Ratio vs Fair Ratio

What is ASH's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ASH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17x
Fair PE Ratio14.8x

Price-To-Earnings vs Fair Ratio: ASH is expensive based on its Price-To-Earnings Ratio (17x) compared to the estimated Fair Price-To-Earnings Ratio (14.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ASH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$71.85
US$92.80
+29.2%
8.2%US$105.00US$84.00n/a10
Dec ’25US$78.06
US$95.70
+22.6%
6.9%US$105.00US$83.00n/a10
Nov ’25US$84.82
US$101.00
+19.1%
6.4%US$110.00US$89.00n/a10
Oct ’25US$85.89
US$100.60
+17.1%
6.6%US$110.00US$89.00n/a10
Sep ’25US$89.50
US$100.80
+12.6%
6.5%US$110.00US$89.00n/a10
Aug ’25US$96.09
US$109.80
+14.3%
8.5%US$126.00US$90.00n/a10
Jul ’25US$92.07
US$109.80
+19.3%
8.5%US$126.00US$90.00n/a10
Jun ’25US$100.17
US$110.00
+9.8%
8.1%US$126.00US$90.00n/a11
May ’25US$94.50
US$108.64
+15.0%
9.6%US$126.00US$88.00n/a11
Apr ’25US$97.21
US$104.91
+7.9%
9.5%US$126.00US$88.00n/a11
Mar ’25US$95.45
US$102.55
+7.4%
7.2%US$115.00US$88.00n/a11
Feb ’25US$94.46
US$102.00
+8.0%
7.4%US$115.00US$88.00n/a10
Jan ’25US$84.31
US$90.40
+7.2%
10.7%US$105.00US$70.00n/a10
Dec ’24US$82.26
US$87.80
+6.7%
12.3%US$105.00US$70.00US$78.0610
Nov ’24US$75.80
US$98.40
+29.8%
12.2%US$115.00US$82.00US$84.8210
Oct ’24US$81.68
US$101.70
+24.5%
12.0%US$116.00US$85.00US$85.8910
Sep ’24US$86.82
US$103.73
+19.5%
12.2%US$117.00US$85.00US$89.5011
Aug ’24US$91.39
US$103.73
+13.5%
12.2%US$117.00US$85.00US$96.0911
Jul ’24US$86.91
US$104.73
+20.5%
13.7%US$126.00US$85.00US$92.0711
Jun ’24US$85.49
US$115.09
+34.6%
12.0%US$142.00US$94.00US$100.1711
May ’24US$100.56
US$126.82
+26.1%
9.6%US$145.00US$105.00US$94.5011
Apr ’24US$102.71
US$126.91
+23.6%
8.8%US$144.00US$105.00US$97.2111
Mar ’24US$102.52
US$126.91
+23.8%
8.8%US$144.00US$105.00US$95.4511
Feb ’24US$108.40
US$126.73
+16.9%
8.9%US$144.00US$104.00US$94.4611
Jan ’24US$107.53
US$126.82
+17.9%
9.0%US$145.00US$104.00US$84.3111
Dec ’23US$113.37
US$126.00
+11.1%
8.7%US$145.00US$104.00US$82.2611

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:16
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Ashland Inc. is covered by 26 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
William SeleskyArgus Research Company
John McNultyBMO Capital Markets Equity Research
Dmitry SilversteynBuckingham Research Group Inc.