Clariant AG (CLN) AI Stock Analysis

• Market Cap: $2.78B
• Dividend Yield: 5.97%
• Average Volume (3M): 1.10M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.05
• Revenue Growth: -2.40%
• EPS Growth: 38.08%
• Country: CH
• Employees: 10,465
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 0.57
• Shares Outstanding: 331,939,200
• 10 Day Avg. Volume: 1,023,368
• 30 Day Avg. Volume: 1,104,585
• PEG Ratio: 0.24
• Price to Book (P/B): 1.15
• Price to Sales (P/S): 0.60
• P/FCF Ratio: 9.98
• Enterprise Value/Market Cap: 1.63
• Enterprise Value/Revenue: 1.15
• Enterprise Value/Gross Profit: 3.70
• Enterprise Value/Ebitda: 8.10
• 1Y Price Target: $8.57
• Price Target Upside: 1.84% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 7
• EPS Forecast (FY): 0.78
• Revenue Forecast (FY): $3.92B

• Rating: 59 Neutral
• Price Target: CHF9.00 ▲(6.89% Upside)
• Action: Reiterated Date: 02/28/26
• Date: Action: Reiterated 02/28/26

The score is held back primarily by weakening financial performance (revenue downtrend, 2025 net loss, and higher leverage), partially offset by improved cash flow and resilient EBITDA margins. Technically, the stock shows solid upward momentum, while valuation is mixed (loss-driven negative P/E but a ~5% dividend). Earnings-call commentary supports the margin story but also highlights weak end-market demand and restructuring costs.

Positive Factors

EBITDA margin improvement

A sustained ~230bp margin uplift to 17.9% reflects durable operational leverage from pricing, cost control and performance programs. Over 2–6 months, higher core margins improve cash generation capacity, fund restructuring and protect returns if revenues remain weak.

Improved cash generation

Stronger operating and free cash flow despite earnings volatility enhances liquidity and reduces near-term financing dependency. Consistent cash conversion supports investment, deleveraging and dividend policy resilience even if top-line growth is muted.

Diversified specialty-chemicals mix

A portfolio across personal care, catalysis and natural resources provides exposure diversification and higher-value, sticky customer relationships. Structural demand for sustainable, specialty inputs supports pricing power and longer-term product durability.

Negative Factors

Revenue downtrend & 2025 net loss

A multi-year revenue decline culminating in a 2025 net loss signals weakening demand and impaired growth momentum. Persisting top-line erosion constrains reinvestment, increases dependence on margin fixes, and raises execution risk over the medium term.

Rising leverage

Higher leverage reduces financial flexibility and raises interest and refinancing risk if profitability falters. With volatile net margins, elevated debt constrains funding for R&D, capex and acquisitions and makes the balance sheet more sensitive to downturns.

Weak end-markets & segment risk

Durable weakness in key segments (catalysts down sharply, adsorbents affected by regulatory uncertainty) reduces revenue visibility and exposes cyclicality. Structural demand shifts in China and renewable fuels can depress volumes and elongate recovery timelines.

Clariant AG Business Overview & Revenue Model

Company Description

Clariant AG operates as a specialty chemical company worldwide. It operates through three segments: Care Chemicals, Catalysis, Natural Resources. The company offers flame retardants, performance additives, and advanced surface solutions for use in plastics, coatings, inks, and consumer applications; and catalysts for the petrochemical and fuel refining, synthesis gas, chemical, emissions control, specialty zeolites and zeolite-based, and custom catalyst markets. It also provides bentonite-based specialty products for the oil purification, foundry additive, feed additives, civil engineering, wastewater treatment, clay specialties, paper and detergent additive, PVC stabilizer, BTX-catalyst, and kerosene and jet fuel purification industries. In addition, the company offers industrial and consumer specialty chemicals and application solutions for the automotive brake fluid and coolant, aircraft anti-itching and deicing fluid, construction chemical, agrochemical and agricultural adjuvants, food ingredients, gas treatment, heat transfer fluid, home care, industrial cleaning, industrial lubricant additive, special solvent, paint and coating, healthcare, and personal care ingredient markets. Further, it offers oilfield production chemicals for enhanced oil recovery, offshore and deep water, conventional and unconventional oil and gas, heavy oil, paraffin control technologies, and well services additives, as well as Veritrax, an intelligent chemical management system; chemical solutions for the end-to-end mining process; refinery services' additives; biofuels and derivatives, such as sunliquid, an agricultural residue converted to cellulosic ethanol; and organic, inorganic, and anti-corrosive pigments, as well as pigment preparations, dyes, and specialty material for use in coatings, plastics, printing and digital printing, home, fabric, personal care, and other applications. Clariant AG was founded in 1886 and is headquartered in Muttenz, Switzerland.

How the Company Makes Money

Clariant AG generates revenue primarily through the sale of specialty chemicals across its various sectors. The company's revenue model is driven by its ability to provide high-value, innovative solutions to meet the specific needs of its customers in different industries. Key revenue streams include sales from care chemicals, which are used in personal care and household products; catalysis, which provides catalysts for industrial processes; and natural resources, which involves products for oil and mining industries. Clariant also benefits from strategic partnerships with other companies and organizations, enhancing its product offerings and market reach. Additionally, the company's focus on sustainability and development of eco-friendly products further strengthens its position in the market and attracts a growing customer base committed to sustainable practices.

Clariant AG Financial Statement Overview

Summary

Results are mixed: cash generation improved and operating margins held in the mid-to-high teens, but revenues remain in a multi-year decline and the company returned to a net loss in 2025. Rising leverage (debt-to-equity up to ~1.07) adds balance-sheet risk if profitability does not stabilize.

Income Statement

Revenue has been in a multi-year downtrend (down again in 2025), and earnings quality has weakened: after a profitable 2023–2024, the company swung back to a net loss in 2025. Operating profitability remains moderate (EBITDA margin has held in the mid-teens in 2024–2025), but net margin volatility and the return to losses reduce confidence in the earnings trajectory.

Balance Sheet

Leverage has moved higher recently: debt rose in 2025 and debt-to-equity increased to ~1.07 from ~0.81 in 2024, which limits flexibility versus prior years. Equity remains substantial, but the 2025 net loss pushed return on equity negative, highlighting pressure on shareholder returns and increasing balance-sheet risk if profitability does not stabilize.

Cash Flow

Cash generation is a relative bright spot: operating cash flow stayed solid in 2025 and free cash flow improved meaningfully versus 2024, supporting liquidity despite weaker earnings. However, cash flow conversion remains only moderate (operating cash flow is well below reported EBITDA), and free cash flow has been inconsistent historically (including very weak free cash flow in 2021).

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Mar 2022
Income Statement
Total Revenue	3.92B	4.15B	4.38B	5.20B	4.37B
Gross Profit	1.22B	1.26B	1.20B	1.02B	1.29B
EBITDA	650.00M	696.00M	510.00M	337.00M	723.00M
Net Income	-75.00M	244.00M	134.00M	-101.00M	344.00M
Balance Sheet
Total Assets	5.87B	6.26B	5.35B	6.19B	7.04B
Cash, Cash Equivalents and Short-Term Investments	617.00M	471.00M	593.00M	758.00M	476.00M
Total Debt	2.16B	1.88B	1.35B	1.46B	1.95B
Total Liabilities	3.69B	3.76B	3.17B	3.67B	4.49B
Stockholders Equity	2.02B	2.33B	2.02B	2.34B	2.36B
Cash Flow
Free Cash Flow	234.00M	209.00M	214.00M	290.00M	3.00M
Operating Cash Flow	379.00M	418.00M	421.00M	502.00M	363.00M
Investing Cash Flow	-309.00M	-805.00M	45.00M	140.00M	-143.00M
Financing Cash Flow	-28.00M	277.00M	-356.00M	-652.00M	-538.00M

Clariant AG Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.42
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:CLN, the sentiment is Positive. The current price of 8.42 is above the 20-day moving average (MA) of 8.10, above the 50-day MA of 7.58, and above the 200-day MA of 7.86, indicating a bullish trend. The MACD of 0.17 indicates Positive momentum. The RSI at 63.68 is Neutral, neither overbought nor oversold. The STOCH value of 65.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:CLN.

Clariant AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GIVN	70 Outperform	CHF28.53B	26.64	―	2.24%	5.93%	6.00%
SIKA	69 Neutral	CHF25.59B	24.51	―	2.23%	-1.05%	-1.46%
EMSN	66 Neutral	CHF14.95B	32.00	22.08%	3.16%	-4.25%	-0.03%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
CLN	59 Neutral	$2.78B	-36.63	5.38%	5.97%	-2.40%	38.08%