ASH

Ashland Global Holdings Inc

Industrial/Transportation, Event Driven/Special Sit


Presented:04/06/2018
Price:$68.60
Cap:$4.25B
Current Price:$86.99
Cap:$4.25B

Presented

Date04/06/2018
Price$68.60
Market Cap$4.25B
Ent Value$6.72B
P/E RatioN/A
Book Value$54.62
Div Yield0.55%
Shares O/S62.00M
Ave Daily Vol1,209,286
Short Int4.17%

Current

Price$86.99
Market Cap$4.25B
Ashland Global Holdings, Inc. is a global specialty chemicals company, which engages in the manufacture and distribution of adhesives, architectural coatings, automotive, construction, energy, food and beverage, personal care and pharmaceutical. It operates through three segments: Specialty Ingredients, Composites, and Intermediates & Solvents. The Specialty Ingredients segment offers solutions for consumer and industrial applications. The Composites segment manufactures and sells grade of unsaturated polyester and vinyl ester resins, gelcoats and low-profile additives for the reinforced plastics industry. The Intermediates and Solvents segment produces butanedioland related derivatives, including tetrahydrofuran and n-methylpyrrolidone. The company was founded on May 6, 2016 and is headquartered in Covington. KY.

Publicly traded companies mentioned herein: Ashland Global Holdings Inc (ASH), Croda International Plc (CRDA LN)

Highlights

The presenter is long shares of Ashland Global Holdings (ASH), seeing a number of ways to win, including a multiple re-rating on the core specialty chemical business following sales of peripheral assets, share buybacks, potential take-out by Croda, and margin improvements. He believes there could be in excess of 50% upside to ASH shares in the long-term, or a smaller but more short-term upside in an acquisition scenario.

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Idea Discussion

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