FMC

FMC Corp

Industrial/Transportation, Event Driven/Special Sit


Presented:05/10/2018
Price:$87.43
Cap:$11.91B
Current Price:$61.76
Cap:$7.71B

Presented

Date05/10/2018
Price$87.43
Market Cap$11.91B
Ent Value$13.39B
P/E Ratio12.76x
Book Value$19.96
Div Yield0.75%
Shares O/S136.00M
Ave Daily Vol1,545,959
Short Int2.16%

Current

Price$61.76
Market Cap$7.71B
FMC Corp. engages in the provision of solutions, applications, and products for the agricultural, industrial, and consumer markets. It operates through two segments: FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, markets, and sells all three major classes of crop protection chemicals: insecticides, herbicides and fungicides, which are used to enhance crop yield and quality.. The FMC Lithium segment manufactures lithium for use in lithium products, which are used primarily in energy storage, specialty polymers, and chemical synthesis application. The company was founded by John Bean in 1883 and is headquartered in Philadelphia, PA.

Publicly traded companies mentioned herein: DowDuPont Inc (DWDP), FMC Corp (FMC)

Highlights

The presenter is long shares of FMC Corp (FMC), seeing upside from FMC’s acquisition of divested DuPont assets at favorable valuations. He sees good operational momentum over the course of 2018 in the core ag business. In addition, FMC’s planned spin of its lithium business should be a positive catalyst since it will allow FMC to present itself as a top tier ag pure play. The presenter targets $110 in FMC shares by year’s end, on 12x EBITDA.

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Idea Discussion

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