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PolyOne

NYSE:POL
Snowflake Description

Good value second-rate dividend payer.

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

PolyOne Corporation provides specialized polymer materials, services, and solutions in the United States, Canada, Mexico, Europe, South America, and Asia. The last earnings update was 60 days ago. More info.


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POL Share Price and Events
7 Day Returns
7.7%
NYSE:POL
1.1%
US Chemicals
0.5%
US Market
1 Year Returns
-33.9%
NYSE:POL
-12.4%
US Chemicals
0.8%
US Market
POL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PolyOne (POL) 7.7% 9.8% -7% -33.9% -22.5% -30.9%
US Chemicals 1.1% 1.6% -6.5% -12.4% 18% 6.1%
US Market 0.5% -0.1% 1% 0.8% 37.5% 37.5%
1 Year Return vs Industry and Market
  • POL underperformed the Chemicals industry which returned -12.4% over the past year.
  • POL underperformed the Market in United States of America which returned 0.8% over the past year.
Price Volatility
POL
Industry
5yr Volatility vs Market

Value

 Is PolyOne 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 PolyOne 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 PolyOne.

NYSE:POL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.1%
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:POL
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 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.874 (1 + (1- 21%) (68.98%))
1.235
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.235 * 5.96%)
10.09%

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

The calculations below outline how an intrinsic value for PolyOne 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:POL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.09%)
2019 180.70 Analyst x4 164.14
2020 227.20 Analyst x4 187.47
2021 250.11 Est @ 10.08% 187.46
2022 269.80 Est @ 7.88% 183.69
2023 286.89 Est @ 6.33% 177.43
2024 301.95 Est @ 5.25% 169.63
2025 315.53 Est @ 4.5% 161.01
2026 328.04 Est @ 3.97% 152.06
2027 339.83 Est @ 3.59% 143.09
2028 351.17 Est @ 3.34% 134.31
Present value of next 10 years cash flows $1,660.30
NYSE:POL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $351.17 × (1 + 2.73%) ÷ (10.09% – 2.73%)
$4,903.04
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,903.04 ÷ (1 + 10.09%)10
$1,875.32
NYSE:POL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,660.30 + $1,875.32
$3,535.62
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,535.62 / 77.82
$45.44
NYSE:POL Discount to Share Price
Calculation Result
Value per share (USD) From above. $45.44
Current discount Discount to share price of $28.68
= -1 x ($28.68 - $45.44) / $45.44
36.9%

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

Current Discount
Amount off the current price PolyOne is available for.
Intrinsic value
37%
Share price is $28.68 vs Future cash flow value of $45.44
Current Discount Checks
For PolyOne to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • PolyOne's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • PolyOne'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 PolyOne's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PolyOne's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:POL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.92
NYSE:POL Share Price ** NYSE (2019-06-14) in USD $28.68
United States of America Chemicals Industry PE Ratio Median Figure of 68 Publicly-Listed Chemicals Companies 17.79x
United States of America Market PE Ratio Median Figure of 3,094 Publicly-Listed Companies 17.69x

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

** Primary Listing of PolyOne.

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

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

= 28.68 ÷ 1.92

14.95x

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

  • PolyOne is good value based on earnings compared to the US Chemicals industry average.
  • PolyOne is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does PolyOne's expected growth come at a high price?
Raw Data
NYSE:POL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.95x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
16.8%per year
United States of America Chemicals Industry PEG Ratio Median Figure of 49 Publicly-Listed Chemicals Companies 1.25x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.95x ÷ 16.8%

0.89x

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

  • PolyOne is good value based on expected growth next year.
Price based on value of assets
What value do investors place on PolyOne's assets?
Raw Data
NYSE:POL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $7.30
NYSE:POL Share Price * NYSE (2019-06-14) in USD $28.68
United States of America Chemicals Industry PB Ratio Median Figure of 94 Publicly-Listed Chemicals Companies 2.03x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NYSE:POL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 28.68 ÷ 7.30

3.93x

* Primary Listing of PolyOne.

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

  • PolyOne is overvalued based on assets compared to the US Chemicals industry average.
X
Value checks
We assess PolyOne'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. PolyOne has a total score of 4/6, 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.

Future Performance

 How is PolyOne expected to perform in the next 1 to 3 years based on estimates from 11 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
16.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PolyOne expected to grow at an attractive rate?
  • PolyOne's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • PolyOne's earnings growth is expected to exceed the United States of America market average.
  • PolyOne's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:POL Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:POL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 16.8%
NYSE:POL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 3.2%
United States of America Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 11.5%
United States of America Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
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
Raw Data
NYSE:POL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:POL Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 4,081 1
2022-12-31 4,024 2
2021-12-31 3,854 3
2020-12-31 3,761 310 209 11
2019-12-31 3,631 255 184 11
NYSE:POL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 3,532 202 152
2018-12-31 3,533 254 161
2018-09-30 3,500 262 185
2018-06-30 3,436 268 175
2018-03-31 3,335 253 173
2017-12-31 3,230 202 174
2017-09-30 3,124 206 173
2017-06-30 3,052 217 176
2017-03-31 2,996 227 176
2016-12-31 2,939 228 166
2016-09-30 3,020 231 134
2016-06-30 3,115 222 136

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • PolyOne's earnings are expected to grow by 16.8% yearly, however this is not considered high growth (20% yearly).
  • PolyOne's revenue is expected to grow by 3.2% yearly, however this is not considered high growth (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:POL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from PolyOne Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:POL Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 2.75 2.94 2.65 4.00
2019-12-31 2.38 2.41 2.35 2.00
NYSE:POL Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.92
2018-12-31 2.02
2018-09-30 2.30
2018-06-30 2.17
2018-03-31 2.13
2017-12-31 2.13
2017-09-30 2.11
2017-06-30 2.13
2017-03-31 2.12
2016-12-31 1.98
2016-09-30 1.59
2016-06-30 1.59

*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.
  • Unable to establish if PolyOne will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess PolyOne'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.
PolyOne 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.

Past Performance

  How has PolyOne 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 PolyOne'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.
  • PolyOne's year on year earnings growth rate has been positive over the past 5 years.
  • PolyOne's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • PolyOne's 1-year earnings growth is negative, it can't be compared to the US Chemicals industry average.
Earnings and Revenue History
PolyOne'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 PolyOne Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:POL Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 3,531.70 151.60 489.10
2018-12-31 3,533.40 161.10 480.80
2018-09-30 3,500.00 184.90 459.90
2018-06-30 3,435.50 174.90 456.80
2018-03-31 3,334.80 172.90 456.60
2017-12-31 3,229.90 173.50 441.40
2017-09-30 3,124.10 173.30 416.40
2017-06-30 3,052.30 175.90 402.70
2017-03-31 2,996.40 176.40 389.10
2016-12-31 2,938.60 166.40 390.10
2016-09-30 3,019.60 134.30 418.10
2016-06-30 3,114.50 136.00 421.80
2016-03-31 3,243.40 152.70 424.90
2015-12-31 2,928.80 148.40 393.90
2015-09-30 3,471.10 126.90 454.80
2015-06-30 3,587.90 114.70 465.90
2015-03-31 3,706.30 78.80 484.80
2014-12-31 3,835.50 78.00 512.70
2014-09-30 3,889.80 113.60 431.50
2014-06-30 3,940.30 104.50 441.80
2014-03-31 3,972.40 112.20 439.30
2013-12-31 3,771.20 94.00 414.10
2013-09-30 3,498.60 73.20 458.70
2013-06-30 3,197.40 69.40 430.50
2013-03-31 2,916.40 49.20 411.60
2012-12-31 2,860.80 53.30 411.70
2012-09-30 2,850.20 65.40 438.40
2012-06-30 2,878.30 67.60 418.90

*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 PolyOne has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • PolyOne used its assets more efficiently than the US Chemicals industry average last year based on Return on Assets.
  • PolyOne's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess PolyOne'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.
PolyOne 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.

Health

 How is PolyOne'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 PolyOne's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PolyOne is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • PolyOne's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of PolyOne'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 not covered by short term assets, assets are 0.7x 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 PolyOne Company Filings, last reported 2 months ago.

NYSE:POL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 568.90 1,539.40 108.30
2018-12-31 540.60 1,357.30 170.90
2018-09-30 614.10 1,337.10 180.80
2018-06-30 594.70 1,331.20 158.60
2018-03-31 585.10 1,353.90 165.50
2017-12-31 599.40 1,309.00 243.60
2017-09-30 568.70 1,352.00 233.50
2017-06-30 558.10 1,400.10 191.10
2017-03-31 734.40 1,297.10 157.70
2016-12-31 725.50 1,257.90 225.50
2016-09-30 756.30 1,259.50 212.20
2016-06-30 731.80 1,144.60 161.40
2016-03-31 693.50 1,192.90 155.40
2015-12-31 705.20 1,146.60 279.80
2015-09-30 749.00 1,099.80 235.70
2015-06-30 799.90 1,058.20 236.80
2015-03-31 759.10 1,111.10 226.40
2014-12-31 777.20 1,010.60 238.60
2014-09-30 868.00 978.90 263.60
2014-06-30 913.00 980.60 261.50
2014-03-31 949.10 980.90 238.30
2013-12-31 978.50 988.90 365.20
2013-09-30 996.60 987.70 322.80
2013-06-30 995.70 1,031.20 392.40
2013-03-31 873.90 1,055.50 168.90
2012-12-31 631.40 706.90 210.00
2012-09-30 631.70 705.20 248.70
2012-06-30 606.70 705.80 209.30
  • PolyOne's level of debt (257.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (103.4% vs 257.1% today).
  • Debt is not well covered by operating cash flow (13.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.5x coverage).
X
Financial health checks
We assess PolyOne'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. PolyOne has a total score of 2/6, 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.

Dividends

 What is PolyOne'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
2.72%
Current annual income from PolyOne dividends. Estimated to be 2.98% next year.
If you bought $2,000 of PolyOne shares you are expected to receive $54 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?
  • PolyOne's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • PolyOne's dividend is below 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.
Raw Data
NYSE:POL 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 11 Analyst Estimates (S&P Global) See Below
United States of America Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 54 Stocks 2.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 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.

NYSE:POL Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.98 1.00
2020-12-31 0.89 4.00
2019-12-31 0.79 4.00
NYSE:POL Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-16 0.780 2.951
2019-02-27 0.780 2.661
2018-10-11 0.780 2.447
2018-07-12 0.700 1.617
2018-05-17 0.700 1.615
2018-02-14 0.700 1.638
2017-10-12 0.700 1.588
2017-07-13 0.540 1.435
2017-05-11 0.540 1.423
2017-02-15 0.540 1.550
2016-10-13 0.540 1.665
2016-07-14 0.480 1.409
2016-05-13 0.480 1.311
2016-02-10 0.480 1.581
2015-10-08 0.480 1.553
2015-07-16 0.400 1.223
2015-05-14 0.400 1.023
2015-02-04 0.400 1.029
2014-10-08 0.400 1.097
2014-07-09 0.320 0.831
2014-05-16 0.320 0.786
2014-02-11 0.320 0.856
2013-12-02 0.320 0.931
2013-07-23 0.240 0.812
2013-05-15 0.240 0.923
2013-02-15 0.240 1.025
2012-10-11 0.200 0.986
2012-07-10 0.200 1.275
2012-05-09 0.200 1.503
2012-02-14 0.200 1.450
2011-12-14 0.160 1.239
2011-07-12 0.160 1.357
2011-05-11 0.160 1.090
2011-03-03 0.160 1.160

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

  • Whilst dividend payments have been stable, PolyOne has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but PolyOne only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of PolyOne's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.4x coverage).
X
Income/ dividend checks
We assess PolyOne'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 PolyOne afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PolyOne has a total score of 3/6, see the detailed checks below.


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

Management

 What is the CEO of PolyOne'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
Bob Patterson
COMPENSATION $6,127,920
AGE 45
TENURE AS CEO 5.1 years
CEO Bio

Mr. Robert M. Patterson, also known as Bob, has been the Chief Executive Officer and President of PolyOne Corporation since May 15, 2014 and its Chairman since May 12, 2016. Mr. Patterson served as the Chief Operating Officer of PolyOne Corporation from March 12, 2012 to May 15, 2014 and its Executive Vice President from January 2011 to May 15, 2014, Senior Vice President from May 12, 2008 to January 2011 and Chief Financial Officer from May 12, 2008 to March 12, 2012 and also served as its Principal Accounting Officer. He also directly oversaw PolyOne’s growth initiatives in Asia. Prior to joining PolyOne in 2008, Mr. Patterson served in leadership roles at Novelis, Inc., and SPX Corporation, after starting his career at Arthur Andersen LLP. He served as a Vice President of Treasury & Planning and Treasurer of Novelis Inc. since October 2007 and served as its Senior Finance Professional since March 27, 2006. He served as Chief Accounting Officer, Vice President and Controller of Novelis Inc., from 2006 to May 2007. He joined Novelis in 2006 from SPX Corporation, where he worked from 2001 to March 2006. He has held a number of other senior finance roles with SPX. Mr. Patterson served as a Vice President and Segment Chief Financial Officer, Thermal and Flow Technology Segments of SPX Corporation (a multi-industry manufacturer and developer) from 2005 to 2006 and as Vice President and Chief Financial Officer, Cooling Technologies and Services of SPX from 2004 to 2005. He served as a Vice President and Chief Financial Officer of Marley Cooling Tower Company, a cooling tower manufacturer and subsidiary of SPX, from 2002 to 2004. He worked at Arthur Andersen LLP from May 1996 to May 2001 and served as its Audit Manager. His experience includes extensive work in Europe and China. He has been a Director of PolyOne Corporation since May 15, 2014. He serves on the Board of the Great Lakes Science Center, the University of Michigan Ross School of Business Alumni Board of Governors and the St. Martin de Porres High School Corporate Work Study Board. He is a Certified Public Accountant and earned his bachelor’s degree in business administration and master’s degree in accounting from the University of Michigan.

CEO Compensation
  • Bob's compensation has been consistent with company performance over the past year, both up more than 20%.
  • 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 PolyOne management team in years:

5.2
Average Tenure
54
Average Age
  • The average tenure for the PolyOne management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Bob Patterson

TITLE
Chairman
COMPENSATION
$6M
AGE
45
TENURE
5.1 yrs

Brad Richardson

TITLE
Executive VP & CFO
COMPENSATION
$2M
AGE
60
TENURE
5.6 yrs

Lisa Kunkle

TITLE
Senior VP
COMPENSATION
$1M
AGE
49
TENURE
11.8 yrs

Mark Crist

TITLE
Senior VP and President of Color
COMPENSATION
$1M
AGE
59
TENURE
5 yrs

Michael Garratt

TITLE
Senior VP & Chief Commercial Officer
COMPENSATION
$1M
AGE
54
TENURE
5.8 yrs

M. Midea

TITLE
Senior Vice President of Global Operations & Process Improvement
AGE
54
TENURE
4.3 yrs

Kurt Schuering

TITLE
Vice President of Global Key Account Management
AGE
54
TENURE
7.4 yrs

Joe Di Salvo

TITLE
VP of Investor Relations & Treasurer
TENURE
1 yrs

Kyle Rose

TITLE
Vice President of Corporate Communications
TENURE
4.5 yrs

Cathy Dodd

TITLE
Vice President of Marketing
TENURE
5.3 yrs
Board of Directors Tenure

Average tenure and age of the PolyOne board of directors in years:

3.9
Average Tenure
59.5
Average Age
  • The tenure for the PolyOne board of directors is about average.
Board of Directors

Bob Patterson

TITLE
Chairman
COMPENSATION
$6M
AGE
45
TENURE
3.1 yrs

Rick Fearon

TITLE
Lead Director
COMPENSATION
$255K
AGE
62
TENURE
4.1 yrs

Kerry Preete

TITLE
Independent Director
COMPENSATION
$220K
AGE
58
TENURE
5.5 yrs

Bill Jellison

TITLE
Independent Director
COMPENSATION
$232K
AGE
60
TENURE
3.7 yrs

Greg Goff

TITLE
Independent Director
COMPENSATION
$230K
AGE
61
TENURE
7.7 yrs

Bill Wulfsohn

TITLE
Independent Director
COMPENSATION
$220K
AGE
56
TENURE
7.7 yrs

Sandy Lin

TITLE
Independent Director
COMPENSATION
$220K
AGE
60
TENURE
6.1 yrs

Kim Mink

TITLE
Independent Director
COMPENSATION
$220K
AGE
58
TENURE
2.3 yrs

Robert Abernathy

TITLE
Independent Director
COMPENSATION
$182K
AGE
64
TENURE
1.3 yrs

Pat Verduin

TITLE
Independent Director
AGE
59
TENURE
0.3 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 ($) Value ($)
31. Oct 18 Buy J. Horn Individual 29. Oct 18 29. Oct 18 6,000 $31.69 $190,140
26. Oct 18 Buy Richard Fearon Individual 25. Oct 18 25. Oct 18 4,000 $30.23 $120,920
26. Oct 18 Buy M. Midea Individual 26. Oct 18 26. Oct 18 1,050 $31.08 $32,630
26. Oct 18 Buy Robert Abernathy Individual 25. Oct 18 25. Oct 18 10,000 $30.64 $306,422
20. Jun 18 Sell William Powell Individual 18. Jun 18 18. Jun 18 -19,000 $43.30 $-820,650
X
Management checks
We assess PolyOne'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. PolyOne 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.

News

Simply Wall St News

At US$31.04, Is It Time To Put PolyOne Corporation (NYSE:POL) On Your Watch List?

received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to $33.9 at one point, and dropping to the lows of $28.44. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … A question to answer is whether PolyOne's current trading price of $31.04 reflective of the actual value of the?

Simply Wall St -

How Much Are PolyOne Corporation (NYSE:POL) Insiders Taking Off The Table?

Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. … So before you buy or sell PolyOne Corporation (NYSE:POL), you may well want to know whether insiders have been buying or selling. … PolyOne Insider Transactions Over The Last Year.

Simply Wall St -

How PolyOne Corporation (NYSE:POL) Can Impact Your Portfolio Volatility

Volatility is considered to be a measure of risk in modern finance theory. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

PolyOne Corporation (NYSE:POL): What Can We Expect From This High Growth Stock?

PolyOne Corporation's (NYSE:POL) most recent earnings announcement in December 2018a … indicated … company

Simply Wall St -

A Closer Look At PolyOne Corporation's (NYSE:POL) Impressive ROE

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.30 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Did PolyOne Corporation's (NYSE:POL) CEO Take Home Last Year?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … See our latest analysis for PolyOne … How Does Bob Patterson's Compensation Compare With Similar Sized Companies?

Simply Wall St -

PolyOne Corporation (NYSE:POL): What Does The Future Look Like?

Want to participate in a short research study? … Help shape the future of investing tools and you could win a $250 gift card! … On 31 December 2018, PolyOne Corporation (NYSE:POL) announced its earnings update.

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand PolyOne Corporation (NYSE:POL)

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll look at PolyOne Corporation's (NYSE:POL) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Does PolyOne Corporation (NYSE:POL) Have A Place In Your Portfolio?

Historically, PolyOne Corporation (NYSE:POL) has been paying a dividend to shareholders. … Does PolyOne tick all the boxes of a great dividend stock? … View our latest analysis for PolyOne?

Simply Wall St -

Is PolyOne Corporation (NYSE:POL) Potentially Undervalued?

saw a decent share price growth in the teens level on the NYSE over the last few months. … 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? … Today I will analyse the most recent data on PolyOne’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

Company Info

Description

PolyOne Corporation provides specialized polymer materials, services, and solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates in four segments: Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions; and Distribution. The Color, Additives and Inks segment offers specialized color and additive concentrates in solid and liquid form for thermoplastics; dispersions for thermosets; and specialty inks, plastisols, and vinyl slush molding solutions. The Specialty Engineered Materials segment provides specialty polymer formulations, services, and solutions for designers, assemblers, and processors of thermoplastic materials; and long glass and carbon fiber technology, and thermoset and thermoplastic composites. The Performance Products and Solutions segment offers products and services for vinyl molding and extrusion processors to manufacturers of durable plastic parts and consumer-oriented products. It also provides materials testing, component analysis, custom formulation development, colorant and additive, part design assistance, structural analysis, process simulation, mold design, and flow analysis and extruder screw design services, as well as contract manufacturing and outsourced polymer manufacturing services to resin producers and polymer marketers. The Distribution segment distributes approximately 4,000 grades of engineering and commodity grade resins to custom injection molders and extruders. The company sells its products through direct sales personnel, distributors, and commissioned sales agents. PolyOne Corporation was founded in 1927 and is headquartered in Avon Lake, Ohio.

Details
Name: PolyOne Corporation
POL
Exchange: NYSE
Founded: 1927
$2,231,738,616
77,815,154
Website: http://www.polyone.com
Address: PolyOne Corporation
33587 Walker Road,
Avon Lake,
Ohio, 44012,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE POL Common Shares New York Stock Exchange US USD 29. Apr 1993
DB PY9 Common Shares Deutsche Boerse AG DE EUR 29. Apr 1993
Number of employees
Current staff
Staff numbers
6,600
PolyOne employees.
Industry
Specialty Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/16 23:43
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/14
Last earnings filing: 2019/04/17
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.