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MarketScreener Homepage  >  Equities  >  Nyse  >  Ashland Global Holdings Inc.    ASH

ASHLAND GLOBAL HOLDINGS INC.

(ASH)
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Ashland Global : captures the century-old essence of American Clary Sage essential oil for today's aromatherapies

09/25/2020 | 08:45am EST

Ashland has announced the launch of a new ingredient, American Clary Sage essential oil which builds on the tradition of healing the skin.

Ashland's American Clary Sage (Salvia sclarea) is grown in North Carolina, USA. For the last half century, Ashland has been working with a network of over 50 farmers to build on their knowledge. For the new ingredient Ashland has used field trials to boost crop production and improve the quality of the clary sage grown. Ashland extracts two main constituents from the clary sage plant, its essential oil and sclareol. Both are used in the fragrance industry. During a two-step extraction process, the American Clary Sage essential oil is produced. 'Clary sage and its essential oils have been used for centuries by healers,' said Neil Astles, global marketing manager, Ashland. 'Scientific publications support the well-known traditional use for this essential oil for skin calming and anti-microbial activities, and it is still used today in aromatherapy for a variety of ailments.' 'I am pleased we have another use for our clary sage crops,' said Guus Gerritsen, vice president oral care and home care, Ashland. 'Sclareol has always been our primary extract. Using distillation, we are able to annually extract four to five tons of American Clary Sage essential oil for use in a variety of household and personal care applications, as well as fine fragrances.'

About Ashland Ashland Global Holdings Inc. (NYSE: ASH) is a premier global specialty materials company serving customers in a wide range of consumer and industrial markets, including adhesives, architectural coatings, automotive, construction, energy, food and beverage, nutraceuticals, personal care and pharmaceutical. At Ashland, we are approximately 4,600 passionate, tenacious solvers - from renowned scientists and research chemists to talented engineers and plant operators - who thrive on developing practical, innovative and elegant solutions to complex problems for customers in more than 100 countries.

Contact:

Tel: 908-952-5668

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2021 2 429 M - -
Net income 2021 218 M - -
Net Debt 2021 1 204 M - -
P/E ratio 2021 21,4x
Yield 2021 1,50%
Capitalization 4 627 M 4 627 M -
EV / Sales 2021 2,40x
EV / Sales 2022 2,25x
Nbr of Employees 4 500
Free-Float 99,5%
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Mean consensus BUY
Number of Analysts 11
Average target price 90,73 $
Last Close Price 76,38 $
Spread / Highest target 41,4%
Spread / Average Target 18,8%
Spread / Lowest Target 4,74%
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Managers
NameTitle
Guillermo Novo Chairman & Chief Executive Officer
Keith C. Silverman Senior VP-Global Operations & Quality
J. Kevin Willis Chief Financial Officer & Senior Vice President
Anne T. Schumann Chief HR & IT Officer, Senior Vice President
Osama M. Musa Chief Technology Officer & Senior Vice President
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