ASHLAND INC (ASH) Stock Fundamental Analysis
NYSE:ASH - US0441861046 - Common Stock
56.09 USD
-0.16 (-0.28%)
56.09 USD
0 (0%)
Taking everything into account, ASH scores 3 out of 10 in our fundamental rating. ASH was compared to 84 industry peers in the Chemicals industry. ASH has an average financial health and profitability rating. ASH does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
ASH had positive earnings in the past year.
Of the past 5 years ASH 4 years were profitable.
ASH had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of -18.61%, ASH is doing worse than 82.14% of the companies in the same industry.
ASH has a worse Return On Equity (-45.53%) than 79.76% of its industry peers.
ASH has a Return On Invested Capital (3.82%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for ASH is below the industry average of 6.43%.
The last Return On Invested Capital (3.82%) for ASH is above the 3 year average (3.69%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -18.61% | ||
| ROE | -45.53% | ||
| ROIC | 3.82% |
ROA(3y)6.97%
ROA(5y)3.37%
ROE(3y)13.48%
ROE(5y)6.34%
ROIC(3y)3.69%
ROIC(5y)3.32%
1.3 Margins
In the last couple of years the Profit Margin of ASH has declined.
With a decent Operating Margin value of 10.86%, ASH is doing good in the industry, outperforming 61.90% of the companies in the same industry.
ASH's Operating Margin has improved in the last couple of years.
ASH has a Gross Margin of 33.01%. This is in the better half of the industry: ASH outperforms 63.10% of its industry peers.
In the last couple of years the Gross Margin of ASH has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.86% | ||
| PM (TTM) | N/A | ||
| GM | 33.01% |
OM growth 3Y-1.66%
OM growth 5Y9.22%
PM growth 3Y-8.44%
PM growth 5Y-19.4%
GM growth 3Y0.22%
GM growth 5Y1.06%
2. Health
2.1 Basic Checks
ASH has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
ASH has less shares outstanding than it did 1 year ago.
The number of shares outstanding for ASH has been reduced compared to 5 years ago.
ASH has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 1.99 indicates that ASH is not a great score, but indicates only limited risk for bankruptcy at the moment.
ASH has a Altman-Z score of 1.99. This is comparable to the rest of the industry: ASH outperforms 54.76% of its industry peers.
A Debt/Equity ratio of 0.73 indicates that ASH is somewhat dependend on debt financing.
ASH's Debt to Equity ratio of 0.73 is in line compared to the rest of the industry. ASH outperforms 47.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.99 |
ROIC/WACC0.47
WACC8.16%
2.3 Liquidity
ASH has a Current Ratio of 2.68. This indicates that ASH is financially healthy and has no problem in meeting its short term obligations.
ASH's Current ratio of 2.68 is fine compared to the rest of the industry. ASH outperforms 73.81% of its industry peers.
ASH has a Quick Ratio of 1.33. This is a normal value and indicates that ASH is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.33, ASH perfoms like the industry average, outperforming 51.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.68 | ||
| Quick Ratio | 1.33 |
3. Growth
3.1 Past
The earnings per share for ASH have decreased by -1.38% in the last year.
The Earnings Per Share has been growing by 12.23% on average over the past years. This is quite good.
Looking at the last year, ASH shows a very negative growth in Revenue. The Revenue has decreased by -11.38% in the last year.
The Revenue has been decreasing by -0.33% on average over the past years.
EPS 1Y (TTM)-1.38%
EPS 3Y2.51%
EPS 5Y12.23%
EPS Q2Q%-30.2%
Revenue 1Y (TTM)-11.38%
Revenue growth 3Y0.03%
Revenue growth 5Y-0.33%
Sales Q2Q%-14.89%
3.2 Future
The Earnings Per Share is expected to grow by 5.86% on average over the next years.
ASH is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -2.66% yearly.
EPS Next Y-18.72%
EPS Next 2Y0.54%
EPS Next 3Y5.86%
EPS Next 5YN/A
Revenue Next Year-13.7%
Revenue Next 2Y-5.88%
Revenue Next 3Y-2.66%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 15.71 indicates a correct valuation of ASH.
71.43% of the companies in the same industry are more expensive than ASH, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.08, ASH is valued a bit cheaper.
With a Price/Forward Earnings ratio of 12.41, ASH is valued correctly.
Based on the Price/Forward Earnings ratio, ASH is valued a bit cheaper than the industry average as 72.62% of the companies are valued more expensively.
ASH's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.67.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.71 | ||
| Fwd PE | 12.41 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ASH is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 7.84 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.28
EPS Next 2Y0.54%
EPS Next 3Y5.86%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.08%, ASH has a reasonable but not impressive dividend return.
ASH's Dividend Yield is a higher than the industry average which is at 3.54.
ASH's Dividend Yield is a higher than the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.08% |
5.2 History
On average, the dividend of ASH grows each year by 8.69%, which is quite nice.
ASH has paid a dividend for at least 10 years, which is a reliable track record.
ASH has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)8.69%
Div Incr Years15
Div Non Decr Years15
5.3 Sustainability
ASH's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DPN/A
EPS Next 2Y0.54%
EPS Next 3Y5.86%
56.09
-0.16 (-0.28%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners92.09%
Inst Owner Change3.68%
Ins Owners0.53%
Ins Owner Change0.46%
Market Cap2.56B
Analysts78.67
Price Target64.9 (15.71%)
Short Float %3.54%
Short Ratio2.8
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.08% |
Yearly Dividend1.59
Dividend Growth(5Y)8.69%
DPN/A
Div Incr Years15
Div Non Decr Years15
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-13.65%
Min EPS beat(2)-16.19%
Max EPS beat(2)-11.11%
EPS beat(4)1
Avg EPS beat(4)6.27%
Min EPS beat(4)-16.19%
Max EPS beat(4)55.09%
EPS beat(8)4
Avg EPS beat(8)16.33%
EPS beat(12)5
Avg EPS beat(12)10.01%
EPS beat(16)7
Avg EPS beat(16)8.45%
Revenue beat(2)0
Avg Revenue beat(2)-4.71%
Min Revenue beat(2)-5.65%
Max Revenue beat(2)-3.77%
Revenue beat(4)0
Avg Revenue beat(4)-4.33%
Min Revenue beat(4)-6.51%
Max Revenue beat(4)-1.38%
Revenue beat(8)0
Avg Revenue beat(8)-3.68%
Revenue beat(12)0
Avg Revenue beat(12)-3.16%
Revenue beat(16)2
Avg Revenue beat(16)-5.33%
PT rev (1m)-6.61%
PT rev (3m)-6.26%
EPS NQ rev (1m)-0.72%
EPS NQ rev (3m)-7.65%
EPS NY rev (1m)-5.7%
EPS NY rev (3m)-8.56%
Revenue NQ rev (1m)-2.27%
Revenue NQ rev (3m)-3.46%
Revenue NY rev (1m)-1.49%
Revenue NY rev (3m)-1.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.71 | ||
| Fwd PE | 12.41 | ||
| P/S | 1.37 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 1.36 | ||
| P/tB | 4.23 | ||
| EV/EBITDA | 7.84 |
EPS(TTM)3.57
EY6.36%
EPS(NY)4.52
Fwd EY8.06%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS40.89
BVpS41.33
TBVpS13.26
PEG (NY)N/A
PEG (5Y)1.28
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -18.61% | ||
| ROE | -45.53% | ||
| ROCE | 4.83% | ||
| ROIC | 3.82% | ||
| ROICexc | 4.02% | ||
| ROICexgc | 5.92% | ||
| OM | 10.86% | ||
| PM (TTM) | N/A | ||
| GM | 33.01% | ||
| FCFM | N/A |
ROA(3y)6.97%
ROA(5y)3.37%
ROE(3y)13.48%
ROE(5y)6.34%
ROIC(3y)3.69%
ROIC(5y)3.32%
ROICexc(3y)4.03%
ROICexc(5y)3.59%
ROICexgc(3y)7.3%
ROICexgc(5y)6.62%
ROCE(3y)4.67%
ROCE(5y)4.21%
ROICexcg growth 3Y0.9%
ROICexcg growth 5Y11.64%
ROICexc growth 3Y2.34%
ROICexc growth 5Y15.15%
OM growth 3Y-1.66%
OM growth 5Y9.22%
PM growth 3Y-8.44%
PM growth 5Y-19.4%
GM growth 3Y0.22%
GM growth 5Y1.06%
F-ScoreN/A
Asset Turnover0.4
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 2.9 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.68 | ||
| Quick Ratio | 1.33 | ||
| Altman-Z | 1.99 |
F-ScoreN/A
WACC8.16%
ROIC/WACC0.47
Cap/Depr(3y)55.62%
Cap/Depr(5y)53.3%
Cap/Sales(3y)6.32%
Cap/Sales(5y)6.11%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-1.38%
EPS 3Y2.51%
EPS 5Y12.23%
EPS Q2Q%-30.2%
EPS Next Y-18.72%
EPS Next 2Y0.54%
EPS Next 3Y5.86%
EPS Next 5YN/A
Revenue 1Y (TTM)-11.38%
Revenue growth 3Y0.03%
Revenue growth 5Y-0.33%
Sales Q2Q%-14.89%
Revenue Next Year-13.7%
Revenue Next 2Y-5.88%
Revenue Next 3Y-2.66%
Revenue Next 5YN/A
EBIT growth 1Y14.69%
EBIT growth 3Y-1.63%
EBIT growth 5Y8.86%
EBIT Next Year58.03%
EBIT Next 3Y23.21%
EBIT Next 5YN/A
FCF growth 1Y275.34%
FCF growth 3Y-15.55%
FCF growth 5Y23.86%
OCF growth 1Y69.14%
OCF growth 3Y-9.8%
OCF growth 5Y11.27%