ASHLAND INC (ASH) Stock Fundamental Analysis
USA - NYSE:ASH - US0441861046 - Common Stock
51.1 USD
-0.16 (-0.31%)
51.1 USD
0 (0%)
Overall ASH gets a fundamental rating of 4 out of 10. We evaluated ASH against 83 industry peers in the Chemicals industry. ASH has only an average score on both its financial health and profitability. ASH is valued correctly, but it does not seem to be growing.
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
With a Return On Assets value of -18.61%, ASH is not doing good in the industry: 83.13% of the companies in the same industry are doing better.
Looking at the Return On Equity, with a value of -45.53%, ASH is doing worse than 80.72% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 3.82%, ASH is in line with its industry, outperforming 48.19% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for ASH is below the industry average of 6.34%.
The 3 year average ROIC (3.69%) for ASH is below the current ROIC(3.82%), indicating increased profibility in the last year.
| 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.
ASH has a better Operating Margin (10.86%) than 61.45% of its industry peers.
ASH's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 33.01%, ASH is in the better half of the industry, outperforming 63.86% of the companies in the same industry.
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ASH is destroying value.
The number of shares outstanding for ASH has been reduced compared to 1 year ago.
Compared to 5 years ago, ASH has less shares outstanding
The debt/assets ratio for ASH is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 1.94 indicates that ASH is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of ASH (1.94) is comparable to the rest of the industry.
ASH has a Debt/Equity ratio of 0.73. This is a neutral value indicating ASH is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.73, ASH perfoms like the industry average, outperforming 49.40% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.94 |
ROIC/WACC0.47
WACC8.2%
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.
With a decent Current ratio value of 2.68, ASH is doing good in the industry, outperforming 74.70% of the companies in the same industry.
A Quick Ratio of 1.33 indicates that ASH should not have too much problems paying its short term obligations.
ASH has a Quick ratio (1.33) which is comparable to the rest of the 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.
The Revenue for ASH has decreased by -11.38% in the past year. This is quite bad
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
ASH is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.86% yearly.
The Revenue is expected to decrease by -2.72% on average over the next years.
EPS Next Y-18.72%
EPS Next 2Y0.54%
EPS Next 3Y5.86%
EPS Next 5YN/A
Revenue Next Year-13.75%
Revenue Next 2Y-5.83%
Revenue Next 3Y-2.72%
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
The Price/Earnings ratio is 14.31, which indicates a correct valuation of ASH.
Based on the Price/Earnings ratio, ASH is valued a bit cheaper than 74.70% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.20. ASH is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 11.31, which indicates a very decent valuation of ASH.
ASH's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ASH is cheaper than 75.90% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.70. ASH is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.31 | ||
| Fwd PE | 11.31 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ASH is valued a bit cheaper than 78.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 7.36 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.17
EPS Next 2Y0.54%
EPS Next 3Y5.86%
5. Dividend
5.1 Amount
ASH has a Yearly Dividend Yield of 3.04%.
ASH's Dividend Yield is a higher than the industry average which is at 3.43.
ASH's Dividend Yield is a higher than the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.04% |
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 their dividend for at least 10 years, which is a reliable track record.
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%
51.1
-0.16 (-0.31%)
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 Cap2.34B
Analysts78.67
Price Target64.6 (26.42%)
Short Float %3.53%
Short Ratio3.13
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.04% |
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)-2.19%
PT rev (3m)-7.2%
EPS NQ rev (1m)-0.31%
EPS NQ rev (3m)-0.35%
EPS NY rev (1m)-5.7%
EPS NY rev (3m)-8.56%
Revenue NQ rev (1m)-0.21%
Revenue NQ rev (3m)-1.83%
Revenue NY rev (1m)-1.55%
Revenue NY rev (3m)-1.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.31 | ||
| Fwd PE | 11.31 | ||
| P/S | 1.25 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 1.24 | ||
| P/tB | 3.85 | ||
| EV/EBITDA | 7.36 |
EPS(TTM)3.57
EY6.99%
EPS(NY)4.52
Fwd EY8.84%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS40.89
BVpS41.33
TBVpS13.26
PEG (NY)N/A
PEG (5Y)1.17
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 | 1.94 |
F-ScoreN/A
WACC8.2%
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-13.75%
Revenue Next 2Y-5.83%
Revenue Next 3Y-2.72%
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%