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Ashland (ASH)
NYSE:ASH
Holding ASH?
Track your performance easily
ASH Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$70.82 - $102.50
Previous Close$87.25
Volume114.54K
Average Volume (3M)401.10K
Market Cap
$4.31B
Enterprise Value$5.31B
Total Cash (Recent Filing)$399.00M
Total Debt (Recent Filing)$1.45B
Price to Earnings (P/E)28.1
Beta0.87
Next Earnings
Nov 05, 2024EPS Estimate
$1.35Last Dividend Ex-Date
Aug 30, 2024Dividend Yield1.81%
Share Statistics
EPS (TTM)3.10
Shares Outstanding48,831,868
10 Day Avg. Volume400,543
30 Day Avg. Volume401,103
Standard Deviation0.08
R-Squared0.36
Alpha-0.00332
Financial Highlights & Ratios
Price to Book (P/B)1.44
Price to Sales (P/S)2.02
Price to Cash Flow (P/CF)8.40
P/FCF Ratio10.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.52
Enterprise Value/Gross Profit7.95
Enterprise Value/Ebitda15.04
Forecast
1Y Price Target
$105.40Price Target Upside19.39% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
Ashland News
PremiumPress Releases
Ashland completes sale of nutraceuticals business
PremiumPress Releases
Ashland board authorizes quarterly dividend
Bulls Say, Bears Say
Bulls Say
Balance Sheet StrengthAshland is well positioned for technology-driven above-market growth and has one of the better balance sheets in chemicals at 2.3x net debt/LTM EBITDA.
Financial PerformanceAshland's valuation is attractive at 9.3x FY'25E EBITDA versus 13.2x for Croda, which supports a Buy rating.
Innovation And GrowthAshland aims to grow sales by 4-6% each year, with EBITDA margins of 25-30% and ~55% FCF conversion.
Bears Say
EarningsAshland shares fell 9.6% following a disappointing FQ3 release as EBITDA missed by 3% and FQ4 EBITDA guidance was 5% below consensus.
Financial PerformanceManagement spoke to an 'increasingly challenging' market and are now looking for $530-540mn of sales in F4Q (vs. the Street/us at $564mn/$572mn) and EBITDA of $130-140mn, modestly below the Street/us at $142/143mn.
SalesLS disappointed with sales down 11% vs. expectations for modest growth owing to weak demand in VP&D for pharma, weakness in pharma/crop protection, the exiting of low margin business and pricing pressure.
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Risk Analysis
Main Risk Category
Macro & PoliticalRisks related to catastrophic events or geopolitical conditions that may disrupt the company’s business
ASH FAQ
What was Ashland’s price range in the past 12 months?
Ashland lowest stock price was $70.82 and its highest was $102.50 in the past 12 months.
What is Ashland’s market cap?
Currently, no data Available
When is Ashland’s upcoming earnings report date?
Ashland’s upcoming earnings report date is Nov 05, 2024 which is in 47 days.
How were Ashland’s earnings last quarter?
Ashland released its earnings results on Aug 06, 2024. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.448 by $0.042.
Is Ashland overvalued?
According to Wall Street analysts Ashland’s price is currently Undervalued.
Does Ashland pay dividends?
Ashland pays a Quarterly dividend of $0.41 which represents an annual dividend yield of 1.81%. See more information on Ashland dividends here
What is Ashland’s EPS estimate?
Ashland’s EPS estimate is $1.35.
How many shares outstanding does Ashland have?
Ashland has 48,831,867 shares outstanding.
What happened to Ashland’s price movement after its last earnings report?
Ashland reported an EPS of $1.49 in its last earnings report, beating expectations of $1.448. Following the earnings report the stock price went down -9.569%.
Which hedge fund is a major shareholder of Ashland?
Among the largest hedge funds holding Ashland’s share is Eminence Capital LLC. It holds Ashland’s shares valued at 298M.
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Ashland Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$105.40 (19.39% Upside)
$105.40 (19.39% Upside)
Blogger Sentiment
Bullish
ASH Sentiment 100%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 95.9K Shares
Last Quarter.
Last Quarter.
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
7.70%
12-Months-Change
Fundamentals
Return on Equity
5.62%
Trailing 12-Months
Asset Growth
-4.68%
Trailing 12-Months
Company Description
Ashland
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.
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ASH Company Deck
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ASH Earnings Call
Q3 2024
0:00 / 0:00
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ASH Stock 12 Month Forecast
Average Price Target
$105.40
▲(19.39% Upside)
Technical Analysis
Best Analysts Covering ASH
1 Year
1 Year Success Rate
20/27 ratings generated profit
1 Year Average Return
+5.23%
reiterated a buy rating last month
Copying David Begleiter's trades and holding each position for 1 Year would result in 74.07% of your transactions generating a profit, with an average return of +5.23% per trade.
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