Financials Ashland Inc.

Equities

ASH

US0441861046

Diversified Chemicals

Market Closed - Nyse 04:00:01 2024-05-20 pm EDT 5-day change 1st Jan Change
100.3 USD +0.23% Intraday chart for Ashland Inc. +2.35% +18.95%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,663 4,289 5,413 5,142 4,185 5,016 - -
Enterprise Value (EV) 1 6,098 5,688 7,173 5,766 5,120 5,984 5,980 6,032
P/E ratio 9.6 x -8.45 x 24.8 x 5.79 x 24.7 x 23.5 x 21.9 x 17.4 x
Yield 1.36% 1.55% 1.29% 1.34% - 1.59% 1.72% 1.84%
Capitalization / Revenue 1.87 x 1.84 x 2.56 x 2.14 x 1.91 x 2.3 x 2.2 x 2.09 x
EV / Revenue 2.44 x 2.45 x 3.4 x 2.4 x 2.34 x 2.74 x 2.63 x 2.51 x
EV / EBITDA 11.5 x 10.8 x 14.5 x 9.77 x 11.2 x 12.4 x 10.6 x 9.85 x
EV / FCF 82.4 x 32.5 x 19.9 x 72.1 x 41.3 x 20 x 22.1 x 20.2 x
FCF Yield 1.21% 3.08% 5.03% 1.39% 2.42% 5% 4.53% 4.95%
Price to Book 1.36 x 1.42 x 1.98 x 1.65 x - 1.64 x 1.66 x 1.62 x
Nbr of stocks (in thousands) 60,522 60,470 60,733 54,139 51,241 50,127 - -
Reference price 2 77.05 70.92 89.12 94.97 81.68 100.1 100.1 100.1
Announcement Date 11/18/19 11/10/20 11/9/21 11/7/22 11/8/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,500 2,326 2,111 2,400 2,191 2,184 2,278 2,401
EBITDA 1 532 528 495 590 459 481.6 563.6 612.2
EBIT 1 283 277 251 349 224 246.2 315 364.7
Operating Margin 11.32% 11.91% 11.89% 14.54% 10.22% 11.28% 13.83% 15.19%
Earnings before Tax (EBT) 1 70 -503 135 206 160 133.5 234.5 264
Net income 1 505 -508 220 927 178 220.8 215.9 271.5
Net margin 20.2% -21.84% 10.42% 38.62% 8.12% 10.11% 9.48% 11.31%
EPS 2 8.030 -8.390 3.590 16.41 3.310 4.262 4.573 5.740
Free Cash Flow 1 74 175 361 80 124 299.3 271 298.5
FCF margin 2.96% 7.52% 17.1% 3.33% 5.66% 13.71% 11.9% 12.43%
FCF Conversion (EBITDA) 13.91% 33.14% 72.93% 13.56% 27.02% 62.15% 48.07% 48.76%
FCF Conversion (Net income) 14.65% - 164.09% 8.63% 69.66% 135.59% 125.5% 109.96%
Dividend per Share 2 1.050 1.100 1.150 1.270 - 1.593 1.722 1.840
Announcement Date 11/18/19 11/10/20 11/9/21 11/7/22 11/8/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3
Net sales 1 512 604 644 631 525 603 546 518 473 575 571.9 565.4 496.1 579.8 574.7
EBITDA 1 106 163 174 147 108 145 133 74 70 126 143.2 142.5 112.9 149.2 155.4
EBIT 1 46 101 114 87 50 87 73 14 16 72 82.35 82.39 53.47 82.95 100.8
Operating Margin 8.98% 16.72% 17.7% 13.79% 9.52% 14.43% 13.37% 2.7% 3.38% 12.52% 14.4% 14.57% 10.78% 14.31% 17.53%
Earnings before Tax (EBT) 1 37 58 52 61 50 91 57 -38 4 17 64 56.5 40 62 63
Net income 1 48 786 36 57 40 91 50 -4 26 120 53.97 51.54 33.79 54.21 61.29
Net margin 9.38% 130.13% 5.59% 9.03% 7.62% 15.09% 9.16% -0.77% 5.5% 20.87% 9.44% 9.11% 6.81% 9.35% 10.66%
EPS 2 0.8300 13.69 0.6500 1.040 0.7300 1.670 0.9400 -0.0700 0.5100 2.390 1.227 1.274 0.7322 1.224 1.513
Dividend per Share 2 0.3000 0.3000 0.3350 0.3350 0.3350 0.3350 0.3850 - - - 0.4147 0.4147 0.4141 0.4141 0.4596
Announcement Date 2/1/22 4/26/22 7/26/22 11/7/22 1/31/23 5/2/23 7/25/23 11/8/23 1/30/24 4/30/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,435 1,399 1,760 624 935 968 965 1,016
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.697 x 2.65 x 3.556 x 1.058 x 2.037 x 2.01 x 1.711 x 1.659 x
Free Cash Flow 1 74 175 361 80 124 299 271 299
ROE (net income / shareholders' equity) 4.5% 5.18% 7.6% 10.8% 27.1% 7.74% 9.42% 10.6%
ROA (Net income/ Total Assets) 2.02% 2.42% 3.26% 5.02% 3.59% 3.85% 4.41% 4.8%
Assets 1 24,944 -20,986 6,745 18,461 4,961 5,740 4,892 5,655
Book Value Per Share 2 56.70 49.80 44.90 57.50 - 60.80 60.30 61.90
Cash Flow per Share 2 3.620 5.130 7.640 3.450 5.440 6.410 8.420 11.60
Capex 1 154 138 105 113 170 149 145 168
Capex / Sales 6.16% 5.93% 4.97% 4.71% 7.76% 6.83% 6.36% 6.98%
Announcement Date 11/18/19 11/10/20 11/9/21 11/7/22 11/8/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
100.1 USD
Average target price
110 USD
Spread / Average Target
+9.93%
Consensus
  1. Stock Market
  2. Equities
  3. ASH Stock
  4. Financials Ashland Inc.
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