LyondellBasell Industries
LyondellBasell Industries N.V. operates as a chemical company worldwide. The last earnings update was 20 days ago. More info.
Add to Portfolio Compare Print
LYB Share Price and Events
7 Day Returns
1 Year Returns
LYB Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| LyondellBasell Industries (LYB) | -1.5% | -12.4% | -7.9% | -30.5% | -0.1% | -17.4% |
| US Chemicals | -2.9% | -8.1% | -8.7% | -15.1% | 13.9% | 6% |
| US Market | -3.9% | -3.6% | 1.8% | 1.4% | 35.8% | 40.8% |
1 Year Return vs Industry and Market
- LYB underperformed the Chemicals industry which returned -15.1% over the past year.
- LYB underperformed the Market in United States of America which returned 1.4% over the past year.
LYB Value
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
LyondellBasell Industries
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for LyondellBasell Industries.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 18 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 10% |
| 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6.7% |
| Chemicals Unlevered Beta | Simply Wall St/ S&P Global | 0.88 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.875 (1 + (1- 19%) (38.64%)) |
1.1 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.1 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.1 * 6.65%) |
10.05% |
Discounted Cash Flow Calculation for NYSE:LYB using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for LyondellBasell Industries 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.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 10.05%) |
|
|---|---|---|---|
| 2019 | 2,060.43 | Analyst x7 | 1,872.34 |
| 2020 | 2,717.50 | Analyst x6 | 2,244.02 |
| 2021 | 2,916.50 | Analyst x4 | 2,188.50 |
| 2022 | 3,001.29 | Est @ 2.91% | 2,046.54 |
| 2023 | 3,086.95 | Est @ 2.85% | 1,912.80 |
| 2024 | 3,173.90 | Est @ 2.82% | 1,787.16 |
| 2025 | 3,262.48 | Est @ 2.79% | 1,669.34 |
| 2026 | 3,352.93 | Est @ 2.77% | 1,559.01 |
| 2027 | 3,445.46 | Est @ 2.76% | 1,455.80 |
| 2028 | 3,540.24 | Est @ 2.75% | 1,359.30 |
| Present value of next 10 years cash flows | $18,094.82 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $3,540.24 × (1 + 2.73%) ÷ (10.05% – 2.73%) |
$49,715.73 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $49,715.73 ÷ (1 + 10.05%)10 |
$19,088.68 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $18,094.82 + $19,088.68 |
$37,183.50 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $37,183.50 / 370.33 |
$100.41 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $100.41 |
| Current discount | Discount to share price of
$80.74
= -1 x ($80.74 - $100.41) / $100.41 |
19.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- LyondellBasell Industries's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- LyondellBasell Industries's share price is below the future cash flow value, but not 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 LyondellBasell Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
LyondellBasell Industries's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $11.14 |
| NYSE:LYB Share Price ** | NYSE (2019-05-15) in USD | $80.74 |
| United States of America Chemicals Industry PE Ratio | Median Figure of 67 Publicly-Listed Chemicals Companies | 17.79x |
| United States of America Market PE Ratio | Median Figure of 3,087 Publicly-Listed Companies | 17.79x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of LyondellBasell Industries.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:LYB Share Price ÷ EPS (both in USD) = 80.74 ÷ 11.14 |
7.25x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- LyondellBasell Industries is good value based on earnings compared to the US Chemicals industry average.
- LyondellBasell Industries is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
LyondellBasell Industries's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 7.25x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts |
5.7%per year |
| United States of America Chemicals Industry PEG Ratio | Median Figure of 50 Publicly-Listed Chemicals Companies | 1.33x |
| United States of America Market PEG Ratio | Median Figure of 2,113 Publicly-Listed Companies | 1.52x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 7.25x ÷ 5.7% |
1.27x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- LyondellBasell Industries is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
LyondellBasell Industries's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $27.38 |
| NYSE:LYB Share Price * | NYSE (2019-05-15) in USD | $80.74 |
| United States of America Chemicals Industry PB Ratio | Median Figure of 92 Publicly-Listed Chemicals Companies | 2.14x |
| United States of America Market PB Ratio | Median Figure of 5,195 Publicly-Listed Companies | 1.83x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:LYB Share Price ÷ Book Value per Share (both in USD) = 80.74 ÷ 27.38 |
2.95x |
* Primary Listing of LyondellBasell Industries.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- LyondellBasell Industries is overvalued based on assets compared to the US Chemicals industry average.
Value checks
We assess LyondellBasell Industries's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Chemicals industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Chemicals industry average (and greater than 0)? (1 check) LyondellBasell Industries 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.
LYB Future Performance
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!
Earnings growth vs Low Risk Savings
- LyondellBasell Industries's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- LyondellBasell Industries's earnings growth is positive but not above the United States of America market average.
- LyondellBasell Industries's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:LYB Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts | 5.7% |
| NYSE:LYB Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts | 4% |
| United States of America Chemicals Industry Earnings Growth Rate | Market Cap Weighted Average | 13.4% |
| United States of America Chemicals Industry Revenue Growth Rate | Market Cap Weighted Average | 4.1% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 18 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | 46,323 | 1 | ||
| 2021-12-31 | 40,771 | 5,595 | 4,375 | 13 |
| 2020-12-31 | 40,505 | 6,029 | 4,694 | 18 |
| 2019-12-31 | 38,019 | 4,632 | 3,906 | 18 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 38,015 | 5,122 | 4,272 |
| 2018-12-31 | 39,004 | 5,471 | 4,688 |
| 2018-09-30 | 39,263 | 5,656 | 5,893 |
| 2018-06-30 | 37,624 | 5,701 | 5,838 |
| 2018-03-31 | 35,821 | 5,534 | 5,318 |
| 2017-12-31 | 34,484 | 5,206 | 4,892 |
| 2017-09-30 | 33,096 | 5,437 | 3,765 |
| 2017-06-30 | 31,945 | 5,283 | 3,660 |
| 2017-03-31 | 30,870 | 4,984 | 3,617 |
| 2016-12-31 | 29,183 | 5,606 | 3,842 |
| 2016-09-30 | 28,507 | 5,053 | 3,869 |
| 2016-06-30 | 29,476 | 5,489 | 4,103 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 18 Analyst Estimates (S&P Global) | See Below |
All data from LyondellBasell Industries Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 11.92 | 12.38 | 11.10 | 5.00 |
| 2020-12-31 | 11.69 | 12.62 | 11.00 | 7.00 |
| 2019-12-31 | 10.29 | 10.87 | 10.07 | 6.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 11.14 |
| 2018-12-31 | 12.05 |
| 2018-09-30 | 15.06 |
| 2018-06-30 | 14.84 |
| 2018-03-31 | 13.44 |
| 2017-12-31 | 12.29 |
| 2017-09-30 | 9.37 |
| 2017-06-30 | 9.01 |
| 2017-03-31 | 8.79 |
| 2016-12-31 | 9.17 |
| 2016-09-30 | 9.02 |
| 2016-06-30 | 9.29 |
*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.
- LyondellBasell Industries is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
Future performance checks
We assess LyondellBasell Industries's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
LyondellBasell Industries has a total score of 2/6, 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.
LYB Past Performance
How has LyondellBasell Industries 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
Past Earnings growth analysis
- LyondellBasell Industries's year on year earnings growth rate has been positive over the past 5 years.
- LyondellBasell Industries's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- LyondellBasell Industries's 1-year earnings growth is negative, it can't be compared to the US Chemicals industry average.
Earnings and Revenue History
All data from LyondellBasell Industries Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 38,015.00 | 4,272.00 | 1,075.00 | 115.00 |
| 2018-12-31 | 39,004.00 | 4,688.00 | 1,037.00 | 115.00 |
| 2018-09-30 | 39,263.00 | 5,893.00 | 1,010.00 | 116.00 |
| 2018-06-30 | 37,624.00 | 5,838.00 | 949.00 | 113.00 |
| 2018-03-31 | 35,821.00 | 5,318.00 | 872.00 | 109.00 |
| 2017-12-31 | 34,484.00 | 4,892.00 | 843.00 | 106.00 |
| 2017-09-30 | 33,096.00 | 3,765.00 | 869.00 | 103.00 |
| 2017-06-30 | 31,945.00 | 3,660.00 | 845.00 | 101.00 |
| 2017-03-31 | 30,870.00 | 3,617.00 | 844.00 | 100.00 |
| 2016-12-31 | 29,183.00 | 3,842.00 | 880.00 | 99.00 |
| 2016-09-30 | 28,507.00 | 3,869.00 | 781.00 | 99.00 |
| 2016-06-30 | 29,476.00 | 4,103.00 | 787.00 | 99.00 |
| 2016-03-31 | 31,293.00 | 4,337.00 | 816.00 | 100.00 |
| 2015-12-31 | 32,735.00 | 4,473.00 | 828.00 | 102.00 |
| 2015-09-30 | 35,954.00 | 4,473.00 | 821.00 | 106.00 |
| 2015-06-30 | 39,686.00 | 4,543.00 | 838.00 | 112.00 |
| 2015-03-31 | 42,658.00 | 4,389.00 | 825.00 | 121.00 |
| 2014-12-31 | 45,608.00 | 4,166.00 | 806.00 | 127.00 |
| 2014-09-30 | 46,456.00 | 4,543.00 | 841.00 | 141.00 |
| 2014-06-30 | 45,542.00 | 4,140.00 | 850.00 | 145.00 |
| 2014-03-31 | 44,528.00 | 3,891.00 | 843.00 | 146.00 |
| 2013-12-31 | 44,062.00 | 3,853.00 | 870.00 | 150.00 |
| 2013-09-30 | 44,021.00 | 3,341.00 | 890.00 | 163.00 |
| 2013-06-30 | 44,142.00 | 3,336.00 | 906.00 | 167.00 |
| 2013-03-31 | 44,287.00 | 3,181.00 | 899.00 | 169.00 |
| 2012-12-31 | 45,352.00 | 2,869.00 | 909.00 | 172.00 |
| 2012-09-30 | 45,236.00 | 2,240.00 | 891.00 | 204.00 |
| 2012-06-30 | 46,479.00 | 2,298.00 | 891.00 | 199.00 |
*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.
- Whilst LyondellBasell Industries made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
- LyondellBasell Industries used its assets more efficiently than the US Chemicals industry average last year based on Return on Assets.
- LyondellBasell Industries's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess LyondellBasell Industries's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Chemicals industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
LyondellBasell Industries has a total score of 2/6, 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.
LYB Health
How is LyondellBasell Industries'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 LyondellBasell Industries's finances.
The net worth of a company is the difference between its assets and liabilities.
- LyondellBasell Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- LyondellBasell Industries's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.9x 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.
All data from LyondellBasell Industries Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 10,276.00 | 11,553.00 | 788.00 |
| 2018-12-31 | 10,396.00 | 9,448.00 | 1,257.00 |
| 2018-09-30 | 11,192.00 | 8,765.00 | 1,547.00 |
| 2018-06-30 | 10,603.00 | 8,625.00 | 3,362.00 |
| 2018-03-31 | 9,729.00 | 8,685.00 | 2,908.00 |
| 2017-12-31 | 8,950.00 | 8,682.00 | 2,850.00 |
| 2017-09-30 | 7,327.00 | 8,957.00 | 2,523.00 |
| 2017-06-30 | 6,868.00 | 9,095.00 | 2,028.00 |
| 2017-03-31 | 6,487.00 | 9,050.00 | 1,678.00 |
| 2016-12-31 | 6,073.00 | 9,001.00 | 2,022.00 |
| 2016-09-30 | 6,107.00 | 9,270.00 | 1,830.00 |
| 2016-06-30 | 6,307.00 | 9,263.00 | 2,088.00 |
| 2016-03-31 | 6,368.00 | 9,219.00 | 2,661.00 |
| 2015-12-31 | 6,574.00 | 8,034.00 | 1,994.00 |
| 2015-09-30 | 7,352.00 | 8,336.00 | 3,089.00 |
| 2015-06-30 | 7,950.00 | 8,313.00 | 3,320.00 |
| 2015-03-31 | 7,506.00 | 8,267.00 | 3,108.00 |
| 2014-12-31 | 8,344.00 | 7,045.00 | 2,630.00 |
| 2014-09-30 | 9,875.00 | 6,814.00 | 2,729.00 |
| 2014-06-30 | 10,788.00 | 6,824.00 | 3,329.00 |
| 2014-03-31 | 11,826.00 | 6,827.00 | 4,104.00 |
| 2013-12-31 | 12,514.00 | 5,835.00 | 4,450.00 |
| 2013-09-30 | 11,909.00 | 5,889.00 | 4,414.00 |
| 2013-06-30 | 12,069.00 | 4,421.00 | 3,233.00 |
| 2013-03-31 | 11,680.00 | 4,423.00 | 2,879.00 |
| 2012-12-31 | 11,179.00 | 4,400.00 | 2,732.00 |
| 2012-09-30 | 12,361.00 | 4,352.00 | 3,527.00 |
| 2012-06-30 | 11,543.00 | 4,353.00 | 1,950.00 |
- LyondellBasell Industries's level of debt (112.4%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (57.8% vs 112.4% today).
- Debt is well covered by operating cash flow (44.3%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 15x coverage).
Financial health checks
We assess LyondellBasell Industries's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) LyondellBasell Industries has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
LYB Dividends
What is LyondellBasell Industries'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
If you bought
$2,000 of
LyondellBasell Industries
shares you are expected to receive
$99
in your first year as a dividend.
Dividend Amount
- LyondellBasell Industries's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
- LyondellBasell Industries's dividend is above the markets top 25% of dividend payers in United States of America (3.71%).
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.
| 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 18 Analyst Estimates (S&P Global) | See Below |
| United States of America Chemicals Industry Average Dividend Yield | Market Cap Weighted Average of 54 Stocks | 2.3% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 1997 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | 4.00 | 1.00 |
| 2022-12-31 | 4.00 | 1.00 |
| 2021-12-31 | 4.75 | 8.00 |
| 2020-12-31 | 4.43 | 13.00 |
| 2019-12-31 | 4.20 | 13.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-22 | 4.000 | 4.585 |
| 2018-11-30 | 4.000 | 4.676 |
| 2018-08-22 | 4.000 | 4.027 |
| 2018-06-01 | 4.000 | 3.598 |
| 2018-02-23 | 4.000 | 3.701 |
| 2017-11-15 | 3.600 | 3.261 |
| 2017-08-23 | 3.600 | 3.688 |
| 2017-05-24 | 3.600 | 4.267 |
| 2017-02-17 | 3.400 | 3.901 |
| 2016-11-18 | 3.400 | 3.791 |
| 2016-07-22 | 3.400 | 4.317 |
| 2016-05-13 | 3.400 | 4.324 |
| 2016-02-17 | 3.120 | 3.707 |
| 2015-11-05 | 3.120 | 3.690 |
| 2015-07-27 | 3.120 | 3.543 |
| 2015-05-08 | 3.120 | 3.088 |
| 2015-02-18 | 2.800 | 3.060 |
| 2014-11-12 | 2.800 | 3.447 |
| 2014-08-13 | 2.800 | 2.757 |
| 2014-04-16 | 2.800 | 2.829 |
| 2014-02-20 | 2.400 | 2.699 |
| 2013-11-13 | 2.400 | 3.044 |
| 2013-09-19 | 2.000 | 2.664 |
| 2013-05-22 | 4.750 | 6.958 |
| 2013-02-12 | 4.350 | 7.107 |
| 2012-10-26 | 4.350 | 7.882 |
| 2012-08-21 | 4.350 | 8.519 |
| 2012-05-09 | 1.600 | 3.888 |
| 2012-02-29 | 1.000 | 2.344 |
| 2011-11-14 | 1.000 | 2.733 |
| 2011-11-01 | 1.000 | 2.899 |
| 2011-10-28 | 1.000 | 3.019 |
| 2011-08-03 | 0.800 | 2.637 |
| 2011-06-22 | 0.400 | 1.040 |
| 2011-05-05 | 0.400 | 1.001 |
| 2011-04-25 | 0.400 | 0.913 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- LyondellBasell Industries has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Dividend payments have increased, but LyondellBasell Industries only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of
LyondellBasell Industries's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (2.8x coverage).
- Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).
Income/ dividend checks
We assess LyondellBasell Industries's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can LyondellBasell Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) LyondellBasell Industries has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
LYB Management
CEO
| COMPENSATION | $18,206,797 |
| AGE | 51 |
| TENURE AS CEO | 4.3 years |
CEO Bio
Mr. Bhavesh V. Patel, also known as Bob, has been President, Chief Executive Officer, and Director of Schulman, Inc. since August 21, 2018. Mr. Patel has been Chief Executive Officer of LyondellBasell Industries N.V. since January 12, 2015 and its Director since June 1, 2018. He was the Chairman of Management Board and Member of Management Board at LyondellBasell Industries N.V. since April 2014 until June 1, 2018. He served as the Supervisory Board Member at LyondellBasell Industries N.V. He joined LyondellBasell Industries N.V. in March 2010. Mr. Patel served as its Executive Vice President of Olefins and Polyolefins - EAI & Technology since October 1, 2013 and served as its Member of Management Board since April 2014 until January 2015. Mr. Patel served as Senior Vice President of Olefins & Polyolefins (O&P) - Europe, Asia for International and Technology at LyondellBasell Industries N.V. since November 9, 2010 until October 1, 2013. Mr. Patel served as Senior Vice President, Olefins and Polyolefins - Americas at LyondellBasell Industries N.V. from March 2010 to June 2011. Most recently, he served as General Manager, Olefins and NGLs for Chevron Phillips Chemical Company where he was responsible for all aspects of one of its largest business lines including strategic planning feedstock procurement, base chemicals marketing and pipeline system management. Previously he served as a General Manager, Asia Pacific Region, based in Singapore, where he led all of it's activities in the region including joint ventures, manufacturing and marketing. He has more than 20 years with Chevron Corp. and Chevron Phillips Chemical Company, have afforded him extensive leadership experience on a global basis and a detailed understanding of the chemical, plastics, and refining industries and the Company’s operations in particular. Since joining Chevron Phillips Chemical and Chevron Chemical Company in 1990, he held a number of manufacturing, marketing, strategic planning, business management and general management positions. He serves as a Director of Greater Houston Partnership, Inc. He has been a Director of Union Pacific Corporation since July 26, 2017. He is a member of the external advisory council of The Ohio State University's College of Engineering and a member of the dean's advisory council for the Fox School of Business at Temple University. Mr. Patel received a Bachelor of Science degree in chemical engineering from The Ohio State University. He also holds a Master's in Business Administration from the Temple University.
CEO Compensation
- Bob's compensation has been consistent with company performance over the past year.
- Bob's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the LyondellBasell Industries management team in years:
- The tenure for the LyondellBasell Industries management team is about average.
Management Team
Bob Patel
CEO & Director
$18M
51
4.3 yrs
Thomas Aebischer
Executive VP & CFO
$5M
57
3.3 yrs
Jeff Kaplan
Executive VP & Chief Legal Officer
$3M
49
4.2 yrs
Dan Coombs
Executive Vice President of Global Manufacturing
$4M
61
0.6 yrs
Jim Guilfoyle
Executive VP of Advanced Polymer Solutions & Global Supply Chain
$3M
47
3.9 yrs
Jacinth Smiley
Chief Accounting Officer
1.1 yrs
Jim Seward
Vice President of Sustainability
0.3 yrs
Douglas Pike
Head of Investor Relations
Darleen Caron
53
1.6 yrs
Massimo Covezzi
Senior Vice President of Research & Development
60
13.8 yrs
Board of Directors Tenure
Average tenure and age of the LyondellBasell Industries board of directors in years:
- The tenure for the LyondellBasell Industries board of directors is about average.
Board of Directors
Jacques Alfred Aigrain
Chairman
$612K
64
0.7 yrs
Bob Patel
CEO & Director
$18M
51
0.9 yrs
Jeet Bindra
Independent Director
$347K
70
8 yrs
Nance Dicciani
Independent Director
$320K
70
5.7 yrs
Claire Farley
Independent Director
$337K
59
5.3 yrs
Lincoln Benet
Director
$320K
55
3.9 yrs
Michael Hanley
Director
$98K
52
0.5 yrs
Steve Cooper
Director
$314K
72
8.8 yrs
Bruce Smith
Independent Director
$336K
74
8.8 yrs
Rudy van der Meer
Independent Director
$309K
73
8.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 07. Dec 18 | Buy | Robin William Buchanan | Individual | 06. Dec 18 | 06. Dec 18 | 5,000 | $88.63 | $443,150 | ||
| 13. Nov 18 | Buy | Access Industries, Inc. | Company | 09. Nov 18 | 13. Nov 18 | 2,186,973 | $96.18 | $209,076,199 | ||
| 08. Nov 18 | Buy | Access Industries, Inc. | Company | 06. Nov 18 | 08. Nov 18 | 1,602,455 | $96.80 | $153,273,195 | ||
| 05. Nov 18 | Buy | Access Industries, Inc. | Company | 01. Nov 18 | 05. Nov 18 | 1,310,572 | $93.10 | $121,035,735 | ||
Management checks
We assess LyondellBasell Industries's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) LyondellBasell Industries 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.
LYB News
Simply Wall St News
Calculating The Fair Value Of LyondellBasell Industries N.V. (NYSE:LYB)
by estimating the company's future cash flows and discounting them to their present value. … I will use the Discounted Cash Flow (DCF) model! … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model
Simply Wall St - – Full articleIs LyondellBasell Industries N.V. (NYSE:LYB) A Financially Sound Company?
Investors seeking to preserve capital in a volatile environment might consider large-cap stocks such as LyondellBasell Industries N.V. … I will provide an overview of LyondellBasell Industries’s financial liquidity and leverage to give you an idea of LyondellBasell Industries’s position to take advantage of potential acquisitions or comfortably endure future downturns. … View our latest analysis for LyondellBasell Industries
Simply Wall St - – Full articleA Closer Look At LyondellBasell Industries N.V.'s (NYSE:LYB) Impressive ROE
Our data shows LyondellBasell Industries has a return on equity of 45% for the last year. … That means that for every $1 worth of shareholders' equity, it generated $0.45 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleWhy You Should Like LyondellBasell Industries N.V.’s (NYSE:LYB) ROCE
Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.
Simply Wall St - – Full articleSome LyondellBasell Industries (NYSE:LYB) Shareholders Are Down 22%
(NYSE:LYB) share price is down 22% in the last year. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … Unhappily, LyondellBasell Industries had to report a 1.9% decline in EPS over the last year.
Simply Wall St - – Full articleWill LyondellBasell Industries N.V.'s (NYSE:LYB) Earnings Grow Over The Next Few Years?
In December 2018, LyondellBasell Industries N.V. … (NYSE:LYB) released its most recent earnings announcement, whicha … indicated
Simply Wall St - – Full articleWith A -4.1% Earnings Drop, Did LyondellBasell Industries N.V. (NYSE:LYB) Really Underperform?
Measuring LyondellBasell Industries N.V.'s (NYSE:LYB) track record of past performance is a valuable exercise for investors. … Today I will assess LYB's recent performance announced on 31 December 2018 and compare these figures to its historical trend and industry movements. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 4.6%, indicating the rate at which LYB is growing has slowed down
Simply Wall St - – Full articleDoes LyondellBasell Industries N.V.'s (NYSE:LYB) CEO Salary Reflect Performance?
First, this article will compare CEO compensation with compensation at other large companies. … View our latest analysis for LyondellBasell Industries … How Does Bob Patel's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleLyondellBasell Industries N.V.'s (NYSE:LYB) Most Important Factor To Consider
I will take you through LyondellBasell Industries’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … Is LyondellBasell Industries generating enough cash. … LyondellBasell Industries’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure
Simply Wall St - – Full articleWhat Are Analysts Expecting From LyondellBasell Industries N.V. (NYSE:LYB) Over The Next Year?
Want to participate in a short research study? … Help shape the future of investing tools and you could win a $250 gift card! … (NYSE:LYB) announced its latest earnings update.
Simply Wall St - – Full articleLYB Company Info
Description
LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers and copolymers. The company also produces and sells propylene oxide and its derivatives; oxyfuels and related products; and intermediate chemicals, such as styrene monomers, methanol products, glacial acetic acids, vinyl acetate monomers, and ethylene oxides and derivatives. Further, it produces and markets compounds and solutions, such as polypropylene compounds, engineered plastics, masterbatches, engineered composites, colors, and powders; and advanced polymers. In addition, the company refines crude oil and other crude oils of varied types and sources into gasoline, diesel, and jet fuel; develops and licenses chemical and polyolefin process technologies; and manufactures and sells polyolefin catalysts, as well as purchases and sells ethylene. LyondellBasell Industries N.V. was founded in 2005 and is headquartered in London, the United Kingdom.
Details
| Name: | LyondellBasell Industries N.V. |
| LYB | |
| Exchange: | NYSE |
| Founded: | 2005 |
| $29,900,220,227 | |
| 370,327,226 | |
| Website: | http://www.lyondellbasell.com |
| Address: |
LyondellBasell Industries N.V. One Vine Street, 4th Floor, London, Greater London, W1J0AH, United Kingdom |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | LYB | Class A Ordinary Shares | New York Stock Exchange | US | USD | 28. Apr 2010 | |
| DB | DLY | Class A Ordinary Shares | Deutsche Boerse AG | DE | EUR | 28. Apr 2010 | |
| LSE | 0EDD | Class A Ordinary Shares | London Stock Exchange | GB | USD | 28. Apr 2010 | |
| BMV | LYB N | Class A Ordinary Shares | Bolsa Mexicana de Valores | MX | MXN | 28. Apr 2010 |
Number of employees
Current staff
Industry
| Commodity Chemicals | |
| Materials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/16 02:15 |
| End of day share price update: | 2019/05/15 00:00 |
| Last estimates confirmation: | 2019/05/14 |
| Last earnings filing: | 2019/04/26 |
| Last earnings reported: | 2019/03/31 |
| 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.
