AXTA

Axalta Coating Systems Ltd

Industrial/Transportation, Event Driven/Special Sit


Presented:04/06/2018
Price:$32.47
Cap:$7.80B
Current Price:$36.77
Cap:$8.06B

Presented

Date04/06/2018
Price$32.47
Market Cap$7.80B
Ent Value$11.05B
P/E Ratio249.77x
Book Value$5.28
Div Yield0%
Shares O/S240.30M
Ave Daily Vol1,848,700
Short Int4.23%

Current

Price$36.77
Market Cap$8.06B
Axalta Coating Systems Ltd. manufactures, markets, and distributes coatings systems. It operates through the following segments: Performance Coatings and Transportation Coatings. The Performance Coatings segment provides liquid and powder coatings solutions to a fragmented and local customer base. The Transportation Coatings segment offers advanced coatings technologies to original equipment manufacturers of light and commercial vehicles. The company was founded on 1866 and is headquartered in Philadelphia, PA.

Publicly traded companies mentioned herein: Akzo Nobel NV (AKZA NA), Axalta Coating Systems Ltd (ASH), Nippon Paint Holdings Co Ltd (4612 JP), PPG Industries Inc (PPG)

Highlights

The presenter is long shares of Axalta Coating Systems (AXTA) in the low $30s, seeing upside from a combination of near-term commodity tailwinds and long-term cost savings. He believes AXTA shares stand to appreciate to $36 - $40 per share on the basis on margin improvements, with additional optionality if M&A activity picks up in the space.

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Idea Discussion

Commentor 1 - 2 weeks ago

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