ASH's went public 34.62 years ago, making it older than 92.86% of listed US stocks we're tracking.
In terms of twelve month growth in earnings before interest and taxes, Ashland Global Holdings Inc is reporting a growth rate of -128.45%; that's higher than just 14.54% of US stocks.
Ashland Global Holdings Inc's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is 15.96%, greater than the shareholder yield of 86.66% of stocks in our set.
Stocks that are quantitatively similar to ASH, based on their financial statements, market capitalization, and price volatility, are OC, BCOR, ECOL, AAWW, and AXS.
ASH's SEC filings can be seen here. And to visit Ashland Global Holdings Inc's official web site, go to www.ashland.com.
Ashland Global Holdings Inc. provides specialty chemical solutions to customers in a wide range of consumer and industrial markets, including architectural coatings, automotive, construction, energy, food and beverage, personal care and pharmaceutical. The company was founded in 1924 and is based in Covington, Kentucky.
ASH Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Ashland Global Holdings Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Ashland Global Holdings Inc ranked in the 3th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. As for the metrics that stood out in our discounted cash flow analysis of Ashland Global Holdings Inc, consider:
Its compound free cash flow growth rate, as measured over the past 5.68 years, is -0.27% -- higher than just 6.42% of stocks in our DCF forecasting set.
Ashland Global Holdings Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -1.83. This coverage rate is greater than that of merely 17.79% of stocks we're observing for the purpose of forecasting via discounted cash flows.
As a business, Ashland Global Holdings Inc experienced a tax rate of about 0% over the past twelve months; relative to its sector (Basic Materials), this tax rate is higher than just 0% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
AVD, HBM, OSN, AEM, and AG can be thought of as valuation peers to ASH, in the sense that they are in the Basic Materials sector and have a similar price forecast based on DCF valuation.
My name is Seth Mrozek, Director, Ashland Investor Relations. Joining me on the call today are Guillermo Novo, Ashland's Chairman and Chief Executive Officer; and Kevin Willis, Senior Vice President and Chief Financial Officer.
Ashland (ASH): Q3 Non-GAAP EPS of $1.12 beats by $0.23; GAAP EPS of $0.81 beats by $0.20.Revenue of $574M (-10.5% Y/Y) misses by $0.61M.Adjusted EBITDA was $143M, up from $140M in the prior-year quarterPress Release...
Ashland Global ([[ASH]] +1.2%) agrees to sell its maleic anhydride business and manufacturing facility in West Virginia to AOC Materials for $100M.Maleic anhydride is manufactured industrially on a large scale for applications in coatings and polymers.The business previously was excluded from the sale of Ashland's Composites business and the butanediol...
WILMINGTON, Del., July 27, 2020 (GLOBE NEWSWIRE) -- Ashland Global Holdings Inc. (NYSE: ASH) today announced a definitive agreement to sell the company’s maleic anhydride business and manufacturing facility in Neal, West Virginia to AOC Materials LLC, for $100 million.Maleic anhydride is manufactured industrially on a large scale for applications in coatings and polymers. The maleic anhydride business was previously excluded from the sale of Ashland’s Composites business and the butanediol (BDO) manufacturing facility in Marl, Germany, to INEOS Enterprises. The transaction with AOC is expected to close prior to the end of calendar year 2020, contingent on customary regulatory approvals and standard closing conditions.“Today’s announcement furthers Ashland’s strategic focus to streamline...