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Quaker Chemical

NYSE:KWR
Snowflake Description

High growth potential with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KWR
NYSE
$3B
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications in North America, Europe, the Middle East, Africa, the Asia/Pacific, and South America. The last earnings update was 49 days ago. More info.


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KWR Share Price and Events
7 Day Returns
4.3%
NYSE:KWR
1.8%
US Chemicals
0.8%
US Market
1 Year Returns
41.5%
NYSE:KWR
-7.8%
US Chemicals
5.9%
US Market
KWR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Quaker Chemical (KWR) 4.3% 8.4% 10.1% 41.5% 146.4% 177%
US Chemicals 1.8% -2.3% 2.7% -7.8% 20.7% 15.1%
US Market 0.8% 2.6% 10.6% 5.9% 37.7% 45.5%
1 Year Return vs Industry and Market
  • KWR outperformed the Chemicals industry which returned -7.8% over the past year.
  • KWR outperformed the Market in United States of America which returned 5.9% over the past year.
Price Volatility
KWR
Industry
5yr Volatility vs Market

KWR Value

 Is Quaker Chemical undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Quaker Chemical to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Quaker Chemical.

NYSE:KWR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:KWR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Chemicals Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.928 (1 + (1- 21%) (1.26%))
0.958
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.958 * 5.96%)
8.44%

Discounted Cash Flow Calculation for NYSE:KWR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Quaker Chemical is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:KWR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.44%)
2019 108.53 Analyst x2 100.08
2020 182.43 Analyst x2 155.14
2021 237.20 Est @ 30.02% 186.02
2022 289.00 Est @ 21.84% 209.00
2023 335.54 Est @ 16.1% 223.77
2024 376.11 Est @ 12.09% 231.31
2025 411.02 Est @ 9.28% 233.11
2026 441.10 Est @ 7.32% 230.70
2027 467.30 Est @ 5.94% 225.38
2028 490.56 Est @ 4.98% 218.19
Present value of next 10 years cash flows $2,012.71
NYSE:KWR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $490.56 × (1 + 2.73%) ÷ (8.44% – 2.73%)
$8,827.16
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $8,827.16 ÷ (1 + 8.44%)10
$3,926.09
NYSE:KWR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,012.71 + $3,926.09
$5,938.80
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $5,938.80 / 13.33
$445.43
NYSE:KWR Discount to Share Price
Calculation Result
Value per share (USD) From above. $445.43
Current discount Discount to share price of $217.74
= -1 x ($217.74 - $445.43) / $445.43
51.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Quaker Chemical is available for.
Intrinsic value
>50%
Share price is $217.74 vs Future cash flow value of $445.43
Current Discount Checks
For Quaker Chemical to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Quaker Chemical's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Quaker Chemical's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Quaker Chemical's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Quaker Chemical's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:KWR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $4.46
NYSE:KWR Share Price ** NYSE (2019-04-18) in USD $217.74
United States of America Chemicals Industry PE Ratio Median Figure of 66 Publicly-Listed Chemicals Companies 19.23x
United States of America Market PE Ratio Median Figure of 3,078 Publicly-Listed Companies 18.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Quaker Chemical.

NYSE:KWR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:KWR Share Price ÷ EPS (both in USD)

= 217.74 ÷ 4.46

48.78x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Quaker Chemical is overvalued based on earnings compared to the US Chemicals industry average.
  • Quaker Chemical is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Quaker Chemical's expected growth come at a high price?
Raw Data
NYSE:KWR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 48.78x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
38.2%per year
United States of America Chemicals Industry PEG Ratio Median Figure of 46 Publicly-Listed Chemicals Companies 1.59x
United States of America Market PEG Ratio Median Figure of 2,108 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NYSE:KWR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 48.78x ÷ 38.2%

1.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Quaker Chemical is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Quaker Chemical's assets?
Raw Data
NYSE:KWR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $32.62
NYSE:KWR Share Price * NYSE (2019-04-18) in USD $217.74
United States of America Chemicals Industry PB Ratio Median Figure of 91 Publicly-Listed Chemicals Companies 2.26x
United States of America Market PB Ratio Median Figure of 5,172 Publicly-Listed Companies 1.93x
NYSE:KWR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:KWR Share Price ÷ Book Value per Share (both in USD)

= 217.74 ÷ 32.62

6.68x

* Primary Listing of Quaker Chemical.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Quaker Chemical is overvalued based on assets compared to the US Chemicals industry average.
X
Value checks
We assess Quaker Chemical's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Chemicals industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Chemicals industry average (and greater than 0)? (1 check)
  5. Quaker Chemical has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

KWR Future Performance

 How is Quaker Chemical expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
38.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Quaker Chemical expected to grow at an attractive rate?
  • Quaker Chemical's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Quaker Chemical's earnings growth is expected to exceed the United States of America market average.
  • Quaker Chemical's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:KWR Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:KWR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 38.2%
NYSE:KWR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 20.3%
United States of America Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 12%
United States of America Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:KWR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:KWR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,894 1
2021-12-31 1,804 1
2020-12-31 1,741 219 135 5
2019-12-31 1,369 138 102 5
NYSE:KWR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 868 79 59
2018-09-30 867 75 42
2018-06-30 858 64 33
2018-03-31 837 59 26
2017-12-31 820 65 20
2017-09-30 800 62 47
2017-06-30 778 59 52
2017-03-31 763 71 55
2016-12-31 747 74 61
2016-09-30 739 76 55
2016-06-30 737 82 53
2016-03-31 734 76 53

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Quaker Chemical's earnings are expected to grow significantly at over 20% yearly.
  • Quaker Chemical's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:KWR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Quaker Chemical Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:KWR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 7.57 7.98 7.15 2.00
2019-12-31 6.30 7.16 5.43 2.00
NYSE:KWR Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 4.46
2018-09-30 3.15
2018-06-30 2.51
2018-03-31 1.96
2017-12-31 1.53
2017-09-30 3.57
2017-06-30 3.94
2017-03-31 4.18
2016-12-31 4.64
2016-09-30 4.18
2016-06-30 4.05
2016-03-31 4.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Quaker Chemical is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Quaker Chemical's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Quaker Chemical has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

KWR Past Performance

  How has Quaker Chemical performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Quaker Chemical's growth in the last year to its industry (Chemicals).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Quaker Chemical's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Quaker Chemical's 1-year earnings growth exceeds its 5-year average (194% vs -7.3%)
  • Quaker Chemical's earnings growth has exceeded the US Chemicals industry average in the past year (194% vs 23.1%).
Earnings and Revenue History
Quaker Chemical's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Quaker Chemical Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:KWR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 867.52 59.22 210.16
2018-09-30 867.11 41.77 209.84
2018-06-30 858.01 33.22 207.63
2018-03-31 837.23 25.87 205.01
2017-12-31 820.08 20.14 202.76
2017-09-30 800.26 47.11 201.50
2017-06-30 777.77 51.92 198.28
2017-03-31 763.50 54.99 195.55
2016-12-31 746.67 60.89 195.97
2016-09-30 738.70 54.90 194.88
2016-06-30 737.49 53.27 196.57
2016-03-31 734.30 53.29 196.33
2015-12-31 737.56 50.74 196.38
2015-09-30 748.31 51.96 197.72
2015-06-30 757.96 53.26 197.37
2015-03-31 765.52 53.65 195.57
2014-12-31 765.86 55.99 192.96
2014-09-30 756.12 57.43 192.55
2014-06-30 741.32 54.32 189.32
2014-03-31 734.88 54.97 189.17
2013-12-31 729.40 55.86 187.83
2013-09-30 717.97 54.78 183.70
2013-06-30 714.83 53.16 180.45
2013-03-31 706.78 48.22 176.98
2012-12-31 708.23 46.88 174.88
2012-09-30 708.62 45.88 175.31
2012-06-30 710.01 48.18 174.03

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Quaker Chemical has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Quaker Chemical used its assets more efficiently than the US Chemicals industry average last year based on Return on Assets.
  • Quaker Chemical has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Quaker Chemical's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Chemicals industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Quaker Chemical has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

KWR Health

 How is Quaker Chemical's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Quaker Chemical's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Quaker Chemical is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Quaker Chemical's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Quaker Chemical's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 11.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Quaker Chemical Company Filings, last reported 3 months ago.

NYSE:KWR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 436.37 36.60 104.15
2018-09-30 432.64 52.55 99.81
2018-06-30 422.68 64.09 90.22
2018-03-31 422.76 75.36 92.58
2017-12-31 409.62 66.80 89.88
2017-09-30 452.06 73.07 109.09
2017-06-30 439.59 74.63 98.82
2017-03-31 421.98 66.38 90.59
2016-12-31 412.61 66.48 88.82
2016-09-30 413.70 76.34 99.02
2016-06-30 400.23 84.27 96.25
2016-03-31 391.53 98.27 94.37
2015-12-31 381.24 82.10 81.05
2015-09-30 376.15 108.31 96.16
2015-06-30 378.53 62.09 65.78
2015-03-31 365.13 73.10 64.34
2014-12-31 365.14 75.73 64.73
2014-09-30 367.01 62.58 64.22
2014-06-30 364.71 25.96 60.23
2014-03-31 358.01 18.48 60.45
2013-12-31 344.70 18.72 68.49
2013-09-30 324.84 19.20 53.95
2013-06-30 312.36 23.89 38.55
2013-03-31 301.97 29.58 35.26
2012-12-31 289.68 31.47 32.55
2012-09-30 285.23 38.56 30.17
2012-06-30 273.43 45.68 25.25
  • Quaker Chemical's level of debt (8.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (5.4% vs 8.4% today).
  • Debt is well covered by operating cash flow (215.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 25.3x coverage).
X
Financial health checks
We assess Quaker Chemical's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Quaker Chemical has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

KWR Dividends

 What is Quaker Chemical's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.68%
Current annual income from Quaker Chemical dividends. Estimated to be 0.71% next year.
If you bought $2,000 of Quaker Chemical shares you are expected to receive $14 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Quaker Chemical's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Quaker Chemical's dividend is below the markets top 25% of dividend payers in United States of America (3.63%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:KWR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United States of America Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 55 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:KWR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 1.56 2.00
2019-12-31 1.52 2.00
NYSE:KWR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-26 1.480 0.726
2018-11-14 1.480 0.763
2018-09-19 1.480 0.761
2018-05-09 1.480 0.899
2018-02-27 1.420 0.939
2017-11-15 1.420 0.928
2017-09-20 1.420 0.932
2017-05-10 1.420 1.003
2017-02-27 1.380 1.016
2016-11-16 1.380 1.067
2016-09-21 1.380 1.292
2016-05-04 1.380 1.493
2016-02-24 1.280 1.521
2015-11-11 1.280 1.681
2015-09-23 1.280 1.601
2015-05-06 1.280 1.520
2015-02-26 1.200 1.420
2014-11-12 1.200 1.418
2014-09-24 1.200 1.606
2014-05-07 1.200 1.605
2014-02-27 1.000 1.279
2013-11-13 1.000 1.344
2013-09-25 1.000 1.323
2013-05-08 1.000 1.512
2013-03-06 0.980 1.644
2012-11-14 0.980 1.801
2012-09-26 0.980 2.044
2012-05-09 0.980 2.223
2012-03-07 0.960 2.397
2011-11-16 0.960 2.381
2011-09-28 0.960 3.019
2011-05-11 0.960 2.666
2011-03-02 0.940 2.363
2010-11-17 0.940 2.324
2010-09-30 0.940 2.598
2010-05-12 0.940 3.196
2010-03-03 0.920 3.269
2009-11-18 0.920 4.608
2009-09-30 0.920 4.387
2009-06-23 0.920 5.236
2009-04-20 0.920 7.015

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Quaker Chemical is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • Quaker Chemical is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Quaker Chemical's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Quaker Chemical's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • No need to calculate the sustainability of Quaker Chemical's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Quaker Chemical's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Quaker Chemical afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Quaker Chemical has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

KWR Management

 What is the CEO of Quaker Chemical's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mike Barry
COMPENSATION $4,848,181
AGE 60
TENURE AS CEO 10.5 years
CEO Bio

Mr. Michael F. Barry, also known as Mike, has been the Chairman of the Board at Quaker Chemical Corporation since May 13, 2009 and has also been its Chief Executive Officer and President since October 4, 2008. Mr. Barry served as the Chief Financial Officer and Treasurer of Quaker Chemical Corporation from November 1998 to August 10, 2004 and also served as its Vice President from November 1998 to August 2004, Senior Vice President from January 2006 to October 3, 2008 and Managing Director for North America from January 1, 2006 to October 2008. He served as the Global Industry Leader of Industrial Metalworking and Coatings of Quaker Chemical Corp., from July 2005 to December 2005. Previously, Mr. Barry was employed by Lyondell (formerly, ARCO Chemical) where he served as the Business Director of its Urethanes business throughout the Americas from 1997 to 1998. He has been a Director of Quaker Chemical Corporation since October 4, 2008 and Rogers Corporation (also known as Rogers Advanced Circuit Materials Division) since June 15, 2010. He serves as Director of Livent Corporation since October 11, 2018. He has been Lead Director at Rogers Corporation since May 2017. Mr. Barry holds an MBA with distinction from the Wharton School of the University of Pennsylvania and a Bachelor's Degree in Chemical Engineering from Drexel University.

CEO Compensation
  • Mike's compensation has been consistent with company performance over the past year.
  • Mike's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Quaker Chemical management team in years:

7
Average Tenure
57
Average Age
  • The average tenure for the Quaker Chemical management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Mike Barry

TITLE
Chairman of the Board
COMPENSATION
$5M
AGE
60
TENURE
10.5 yrs

Mary Hall

TITLE
CFO, VP & Treasurer
COMPENSATION
$924K
AGE
60
TENURE
3.4 yrs

Joseph Berquist

TITLE
MD of North America Operations & VP
COMPENSATION
$869K
AGE
47
TENURE
9 yrs

Shane Hostetter

TITLE
Global Controller & Principal Accounting Officer
AGE
37

Robert Traub

TITLE
VP, General Counsel & Corporate Secretary
AGE
53
TENURE
7 yrs

Jan Nieman

TITLE
VP of Global Strategy & Marketing and Global Leader – Grease & Fluid Power
COMPENSATION
$706K
AGE
57
TENURE
4.9 yrs

Ronald Ettinger

TITLE
Vice President of Human Resources
AGE
66
TENURE
7.3 yrs

Dieter Laininger

TITLE
VP, MD of Asia
AGE
55
TENURE
7.8 yrs

Adrian Steeples

TITLE
VP & MD of EMEA
AGE
58
TENURE
5.8 yrs

Victoria Gehris

TITLE
Assistant Corporate Secretary & Shareholder Administrator
TENURE
2.8 yrs
Board of Directors Tenure

Average tenure and age of the Quaker Chemical board of directors in years:

8.1
Average Tenure
61
Average Age
  • The tenure for the Quaker Chemical board of directors is about average.
Board of Directors

Mike Barry

TITLE
Chairman of the Board
COMPENSATION
$5M
AGE
60
TENURE
9.9 yrs

Don Caldwell

TITLE
Lead Director
COMPENSATION
$153K
AGE
72
TENURE
2.9 yrs

Robert Rock

TITLE
Independent Director
COMPENSATION
$136K
AGE
68
TENURE
23.3 yrs

Bob Chappell

TITLE
Independent Director
COMPENSATION
$135K
AGE
73
TENURE
22.3 yrs

Fay West

TITLE
Independent Director
COMPENSATION
$143K
AGE
49
TENURE
3.2 yrs

Jeff Frisby

TITLE
Independent Director
COMPENSATION
$134K
AGE
62
TENURE
13.3 yrs

Mark Douglas

TITLE
Independent Director
COMPENSATION
$133K
AGE
56
TENURE
6.3 yrs

Bill Osborne

TITLE
Independent Director
COMPENSATION
$132K
AGE
58
TENURE
3.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
27. Nov 18 Sell Jeffry Frisby Individual 23. Nov 18 23. Nov 18 -3,015 $202.05 $-609,181
15. Nov 18 Sell Dieter Laininger Individual 13. Nov 18 14. Nov 18 -2,500 $202.00 $-503,000
09. Nov 18 Sell Mark Douglas Individual 07. Nov 18 07. Nov 18 -750 $205.19 $-153,891
09. Nov 18 Sell Wilbert Platzer Individual 07. Nov 18 07. Nov 18 -1,000 $205.00 $-205,000
30. Aug 18 Sell Donald Caldwell Individual 29. Aug 18 29. Aug 18 -521 $177.24 $-92,342
27. Aug 18 Sell D. Benoliel Individual 23. Aug 18 24. Aug 18 -4,000 $178.71 $-709,703
22. Aug 18 Sell Ronald Ettinger Individual 20. Aug 18 20. Aug 18 -663 $173.50 $-115,031
10. Aug 18 Sell Ronald Ettinger Individual 08. Aug 18 08. Aug 18 -300 $167.00 $-50,100
10. Aug 18 Sell Donald Caldwell Individual 09. Aug 18 09. Aug 18 -599 $170.00 $-101,830
10. Aug 18 Sell D. Benoliel Individual 08. Aug 18 09. Aug 18 -4,000 $169.05 $-672,885
06. Aug 18 Sell Jan Nieman Individual 02. Aug 18 02. Aug 18 -1,243 $170.00 $-211,310
18. May 18 Sell Donald Caldwell Individual 16. May 18 16. May 18 -1,305 $153.59 $-199,379
08. May 18 Sell Joseph Berquist Individual 04. May 18 04. May 18 -2,000 $147.00 $-294,001
X
Management checks
We assess Quaker Chemical's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Quaker Chemical has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

KWR News

Simply Wall St News

Quaker Chemical Corporation (NYSE:KWR) Earns A Nice Return On Capital Employed

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

At US$204, Is It Time To Put Quaker Chemical Corporation (NYSE:KWR) On Your Watch List?

Quaker Chemical Corporation (NYSE:KWR), which is in the chemicals business, and is based in United States,. … saw a significant share price rise of over 20% in the past couple of months on the NYSE. … With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price?

Simply Wall St -

Should You Be Tempted To Sell Quaker Chemical Corporation (NYSE:KWR) Because Of Its P/E Ratio?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll look at Quaker Chemical Corporation's (NYSE:KWR) P/E ratio and reflect on what it tells us about the company's share price. … Quaker Chemical has a price to earnings ratio of 44.52, based on the last twelve months.

Simply Wall St -

Why Quaker Chemical Corporation (NYSE:KWR) Could Be Your Next Investment

Attractive stocks have exceptional fundamentals. … In the case of Quaker Chemical Corporation (NYSE:KWR), there's

Simply Wall St -

Has Quaker Chemical Corporation (NYSE:KWR) Got Enough Cash?

Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as Quaker Chemical Corporation (NYSE:KWR), with a market capitalization of US$2.7b, rarely draw their attention from the investing community. … While they are less talked about as an investment category, mid-cap risk-adjusted returns have generally been better than more commonly focused stocks that fall into the small- or large-cap categories. … View our latest analysis for Quaker Chemical

Simply Wall St -

Why Quaker Chemical Corporation's (NYSE:KWR) CEO Pay Matters To You

Mike Barry became the CEO of Quaker Chemical Corporation (NYSE:KWR) in 2008. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Mike Barry's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Read This Before Buying Quaker Chemical Corporation (NYSE:KWR) Shares

So before you buy or sell Quaker Chemical Corporation (NYSE:KWR), you may well want to know whether insiders have been buying or selling. … That means that even when the share price was below the current price of US$185, an insider wanted to cash in some shares. … As a general rule we consider it to be discouraging when insiders are selling below the current price

Simply Wall St -

Quaker Chemical Corporation (NYSE:KWR) Investors Are Paying Above The Intrinsic Value

by estimating the company's future cash flows and discounting them to their present value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

What Is Quaker Chemical Corporation's (NYSE:KWR) Share Price Doing?

Quaker Chemical Corporation (NYSE:KWR), which is in the chemicals business, and is based in United States,. … As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Today I will analyse the most recent data on Quaker Chemical’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

Why Quaker Chemical Corporation’s (NYSE:KWR) Cash Is A Factor You Need To Consider

I’ve analysed below, the health and outlook of Quaker Chemical’s cash flow, which will help you understand the stock from a cash standpoint. … Quaker Chemical generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating. … The two ways to assess whether Quaker Chemical’s FCF is sufficient, is to compare the FCF yield to the market index yield, as well as determine whether the top-line operating cash flows will continue to grow

Simply Wall St -

KWR Company Info

Description

Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications in North America, Europe, the Middle East, Africa, the Asia/Pacific, and South America. The company’s products include rolling lubricants used by manufacturers of steel in the hot and cold rolling of steel, and aluminum in the hot rolling of aluminum; machining and grinding compounds for use in cutting, shaping, and grinding metal parts; hydraulic fluids for steel, metalworking, and other customers to operate hydraulic equipment; corrosion preventives to protect metals during manufacture, storage, and shipment; and specialty greases used in automotive and aerospace production processes, steel manufacturing, and various other applications. It also provides metal finishing compounds to prepare metal surfaces for special treatments, such as galvanizing and tin plating, as well as to prepare metal for further processing; forming compounds used to facilitate the drawing and extrusion of metal products; chemical milling maskants for the aerospace industry; and temporary and permanent coatings for metal and concrete products. In addition, the company offers construction products comprising flexible sealants and protective coatings for various applications; bio-lubricants used in machinery in forestry and construction industries; and die casting lubricants, as well as provides chemical management services. It serves steel, aluminum, automotive, mining, aerospace, tube and pipe, cans, and other industries. The company was formerly known as Quaker Chemical Products Corporation and changed its name to Quaker Chemical Corporation in August 1962. Quaker Chemical Corporation was founded in 1918 and is headquartered in Conshohocken, Pennsylvania.

Details
Name: Quaker Chemical Corporation
KWR
Exchange: NYSE
Founded: 1918
$2,903,099,331
13,332,871
Website: http://www.quakerchem.com
Address: Quaker Chemical Corporation
One Quaker Park,
901 East Hector Street,
Conshohocken,
Pennsylvania, 19428,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE KWR Common Stock New York Stock Exchange US USD 14. Dec 1972
DB QUC Common Stock Deutsche Boerse AG DE EUR 14. Dec 1972
Number of employees
Current staff
Staff numbers
2,160
Quaker Chemical employees.
Industry
Specialty Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 23:40
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.