ASH

Ashland Global Holdings Inc

Industrial/Transportation


Presented:12/03/2019
Price:$71.81
Cap:$4.32B
Current Price:$86.99
Cap:$4.25B

Presented

Date12/03/2019
Price$71.81
Market Cap$4.32B
Ent Value$6.11B
P/E Ratio8.73x
Book Value$59.52
Div Yield0.64%
Shares O/S60.18M
Ave Daily Vol500,216
Short IntN/A

Current

Price$86.99
Market Cap$4.25B
Ashland Global Holdings, Inc. is a global specialty chemicals company. The company engages in the manufacture and distribution of adhesives, architectural coatings, automotive, construction, energy, food and beverage, personal care, and pharmaceutical. It operates through the following segments: Specialty Ingredients, and Intermediates and Solvents. The Specialty Ingredients segment offers industry products, technologies, and resources for solving formulation and product-performance challenges. The Intermediates and Solvents segment produces butanediol and related derivatives, including tetrahydrofuran and n-methylpyrrolidone. The company was founded in 1924 and is headquartered in Covington. KY.

Publicly traded companies mentioned herein: Ashland Global Holdings Inc (ASH),Berkshire Hathaway Inc (BRK/A), Croda International plc (CRDA LN), 

Highlights

The presenter is long shares of Ashland Global Holdings Inc (ASH), after a decade long restructuring story, massive board turnover, and the succession of new CEO Guillermo Novo in January 2020. The company currently trades at 9.5x 2021 EBITDA, 14x cash earnings with amortization muting reported earnings. Over the next few years he believes the stock price, which is currently ~$71, could double with better operating performance and a multiple in line with a good business and a good CEO. 

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Idea Discussion

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