Why Investors Shouldn't Be Surprised By Axalta Coating Systems Ltd.'s (NYSE:AXTA) P/E
Jun 02
U.S. Specialty Chemicals Industry Analysis
UpdatedJun 03, 2024
DataAggregated Company Financials
Companies57
- 7D-0.4%
- 3M2.3%
- 1Y12.8%
- YTDn/a
In the last week, Specialty Chemicals has been flat. As for the the longer term, the industry is up 12% over the past 12 months. Earnings are forecast to grow by 20% annually.
Industry Valuation and Performance
Has the U.S. Specialty Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 03 Jun 2024 | US$357.3b | US$156.5b | US$7.5b | 28.2x | 47.5x | 2.3x |
| Wed, 01 May 2024 | US$341.8b | US$158.4b | US$8.8b | 25.1x | 38.9x | 2.2x |
| Fri, 29 Mar 2024 | US$372.7b | US$158.6b | US$8.5b | 28.3x | 43.7x | 2.3x |
| Sun, 25 Feb 2024 | US$349.2b | US$158.7b | US$8.5b | 27.2x | 41.2x | 2.2x |
| Tue, 23 Jan 2024 | US$352.8b | US$165.6b | US$13.2b | 27.8x | 26.7x | 2.1x |
| Thu, 21 Dec 2023 | US$355.2b | US$164.6b | US$13.0b | 30.2x | 27.3x | 2.2x |
| Sat, 18 Nov 2023 | US$319.9b | US$165.1b | US$13.1b | 28x | 24.4x | 1.9x |
| Mon, 16 Oct 2023 | US$307.7b | US$165.4b | US$10.5b | 19.4x | 29.4x | 1.9x |
| Wed, 13 Sep 2023 | US$332.2b | US$165.4b | US$10.4b | 22.1x | 31.8x | 2x |
| Fri, 11 Aug 2023 | US$336.4b | US$165.4b | US$10.5b | 24.7x | 32.2x | 2x |
| Sun, 09 Jul 2023 | US$338.0b | US$165.0b | US$9.9b | 20x | 34x | 2x |
| Tue, 06 Jun 2023 | US$325.7b | US$165.3b | US$10.0b | 18.8x | 32.7x | 2x |
| Thu, 04 May 2023 | US$314.9b | US$163.8b | US$9.5b | 20x | 33.2x | 1.9x |
| Sat, 01 Apr 2023 | US$322.7b | US$161.9b | US$9.1b | 21.3x | 35.5x | 2x |
| Mon, 27 Feb 2023 | US$324.8b | US$162.2b | US$7.1b | 21.3x | 45.8x | 2x |
| Wed, 25 Jan 2023 | US$342.3b | US$165.7b | US$7.1b | 21.1x | 48.3x | 2.1x |
| Fri, 23 Dec 2022 | US$319.3b | US$165.4b | US$7.1b | 19.4x | 44.9x | 1.9x |
| Sun, 20 Nov 2022 | US$331.4b | US$165.4b | US$7.1b | 20.9x | 46.5x | 2x |
| Tue, 18 Oct 2022 | US$288.2b | US$161.7b | US$8.8b | 18.9x | 32.6x | 1.8x |
| Thu, 15 Sep 2022 | US$330.5b | US$161.3b | US$8.8b | 19.3x | 37.6x | 2x |
| Sat, 13 Aug 2022 | US$357.7b | US$161.2b | US$9.4b | 21.6x | 38x | 2.2x |
| Mon, 11 Jul 2022 | US$319.5b | US$156.3b | US$9.1b | 21.6x | 35.1x | 2x |
| Wed, 08 Jun 2022 | US$373.3b | US$156.3b | US$9.1b | 24.4x | 41.1x | 2.4x |
| Fri, 06 May 2022 | US$362.0b | US$156.6b | US$8.8b | 23.3x | 41.1x | 2.3x |
| Sun, 03 Apr 2022 | US$374.7b | US$157.3b | US$9.1b | 22.1x | 41.1x | 2.4x |
| Tue, 01 Mar 2022 | US$364.6b | US$156.2b | US$11.8b | 24.4x | 30.8x | 2.3x |
| Thu, 27 Jan 2022 | US$386.0b | US$158.1b | US$12.2b | 25.2x | 31.6x | 2.4x |
| Sat, 25 Dec 2021 | US$427.1b | US$157.3b | US$12.2b | 27.4x | 35.1x | 2.7x |
| Mon, 22 Nov 2021 | US$426.4b | US$146.0b | US$11.7b | 27.1x | 36.4x | 2.9x |
| Wed, 20 Oct 2021 | US$396.2b | US$140.1b | US$11.3b | 24.8x | 35.1x | 2.8x |
| Fri, 17 Sep 2021 | US$388.4b | US$139.9b | US$11.3b | 26.2x | 34.3x | 2.8x |
| Sun, 15 Aug 2021 | US$405.8b | US$140.0b | US$11.3b | 27.8x | 35.8x | 2.9x |
| Thu, 10 Jun 2021 | US$396.0b | US$130.6b | US$6.0b | 35.8x | 65.8x | 3x |
Price to Earnings Ratio
65.8x
Current Industry PE
- Investors are relatively neutral on the American Specialty Chemicals industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 47.2x.
- The 3-year average PS ratio of 3.1x is higher than the industry's current PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Specialty Chemicals industry have grown 7.8% per year over the last three years.
- Revenues for these companies have grown 6.2% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does U.S. Specialty Chemicals compare with similar industries?
| US Market | -0.62% | |
| Materials | 0.18% | |
| Chemicals | 0.00041% | |
| Specialty Chemicals | -0.42% | |
| Fertilizers and Agricultural Chemicals | 0.94% | |
| Commodity Chemicals | 0.56% | |
| Industrial Gases | 0.16% | |
| Diversified Chemicals | -3.20% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| DD DuPont de Nemours | US$82.16 | 1.3% +US$434.8m | 14.8% | PE85x | |
| EMN Eastman Chemical | US$101.33 | 1.1% +US$129.4m | 23.2% | PE12.9x | |
| AXTA Axalta Coating Systems | US$35.59 | 1.3% +US$97.1m | 14.5% | PE31.7x | |
| SXT Sensient Technologies | US$77.67 | 2.9% +US$93.6m | 4.2% | PE36.3x | |
| MTX Minerals Technologies | US$86.75 | 1.8% +US$48.7m | 54.4% | PE29.8x |