HUN

Huntsman Corp

Industrial/Transportation


Presented:02/15/2017
Price:$21.21
Cap:$5.11B
Current Price:$23.37
Cap:$4.04B

Presented

Date02/15/2017
Price$21.21
Market Cap$5.11B
Ent Value$8.37B
P/E Ratio24.95x
Book Value$6.72
Div Yield0.02%
Shares O/S241.00M
Ave Daily Vol2,356,185
Short IntN/A

Current

Price$23.37
Market Cap$4.04B
Huntsman Corp. manufactures chemicals for the plastics, automotive and construction industries. The company operates through the following segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives. The Polyurethanes segment manufactures and markets a broad range of polyurethane chemicals, including MDI products, PO, polyols, PG, TPU, aniline and MTBE. The Performance Products segment manufactures and sells amines, surfactants, LAB and maleic anhydride to a wide variety of consumer and industrial end markets. The Advanced Materials segment manufactures and markets technologically advanced basic liquid and solid epoxy resins, specialty resin compounds, cross-linking, matting and curing agents, epoxy, acrylic and polyurethane-based polymer products. The Textile Effects segment provides market share for textile chemicals and dyes. The Pigments segment manufactures and markets titanium dioxide, functional additives, color pigments, timber treatment and water treatment chemicals. Huntsman was founded by Jon Meade Huntsman Sr., on October 19, 2004 and is headquartered in Salt Lake City, UT.

Publicly traded companies mentioned herein: Huntsman Corporation (HUNT)

Highlights

The presenter is short shares of Huntsman (HUN), seeing fundamental weakness in the majority of the company’s operations, and further believes buzz around an upcoming TiO2 business spin-off is distracting investors from the core issues facing the company. With HUN shares trading at $21 - $22 and a $3 - $6 per share valuation ascribed to the TiO2 business, the RemainCo is trading at an implied $15 – 18 per share value, whereas the presenter believes the RemainCo’s actual value is sub-$10.

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Idea Discussion

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