GRA

W R Grace & Co

Industrial/Transportation


Presented:01/29/2019
Price:$70.63
Cap:$4.73B
Current Price:$69.99
Cap:$4.67B

Presented

Date01/29/2019
Price$70.63
Market Cap$4.73B
Ent Value$6.64B
P/E RatioN/A
Book Value$4.08
Div Yield1.09%
Shares O/S66.99M
Ave Daily Vol676,676
Short Int3.01%

Current

Price$69.99
Market Cap$4.67B
W.R. Grace & Co. engages in the production and sale of chemicals and materials. It operates through the Grace Catalysts Technologies and Grace Materials Technologies segments. The Grace Catalysts Technologies segment includes catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications. The Grace Materials Technologies segment includes materials, including silica-based and silica-alumina-based materials, used in coatings, consumer, industrial, and pharmaceutical applications. The company was founded by William Russell Grace in 1854 and is headquartered in Columbia, MD.

Publicly traded companies mentioned herein: Albemarle Corp (ALB), Chevron Corporation (CVX), Honeywell International Inc (HON), W.R. Grace and Company (GRA)

Highlights

W.R. Grace (GRA) produces catalysts that are used in various crude oil refinery processes and can improve the yield of higher quality products (gasoline, petrochemical feeds, etc.). The company’s market cap is ~$5B and its EV is $7B. The presenter is long the stock at ~$70/share (a 15x - 16x P/E) and sees upside to consensus EPS estimates in 2019 and 2020 due to IMO 2020 (and suppliers like Albemarle stepping away from the business). His 12-month price target is ~$85/share (15x - 16x 2020 EPS of ~$5.25/share).

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Idea Discussion

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