Chemicals Valuation Multiples and Public Comps

Chemicals

See analyst estimates and all valuation multiples for Chemicals

Company	EV	EV/LTM Revenue	EV/LTM EBITDA
Linde	$247B	7.4x	18.6x
Sherwin-Williams	$102B	4.4x	22.6x
Ecolab	$84.4B	5.3x	22.3x
Air Products	$81.2B	6.8x	16.1x
BASF	$70.8B	0.9x	8.0x
Shin-Etsu	$47.8B	2.8x	7.3x
Saudi Basic Industries	$46.0B	1.2x	9.0x
Sika	$44.3B	3.0x	15.7x
Wanhua Chemical	$43.9B	1.6x	9.6x
Chandra Asri Group	$42.4B	8.2x	2737.1x
Nutrien	$40.0B	1.5x	6.8x
DuPont	$37.7B	3.0x	11.4x
Hengli Petrochemical	$34.5B	1.1x	9.8x
Dow	$33.5B	0.8x	8.7x
Novonesis	$32.6B	6.9x	18.6x
LG Chem	$32.4B	1.0x	6.7x
PPG	$31.3B	2.0x	11.0x
LyondellBasell Industries	$29.3B	0.9x	9.0x
Asian Paints	$27.4B	7.0x	38.9x
DSM Firmenich	$27.3B	1.8x	10.2x
Borouge	$23.6B	4.1x	10.4x
Nippon Paint Holdings	$23.0B	1.9x	11.4x
International Flavors & Fragrances	$22.9B	2.1x	10.8x
Ningxia Baofeng Energy Group	$22.2B	3.5x	9.8x
Nippon Sanso Holdings	$21.6B	2.4x	10.6x
OMV	$19.2B	0.5x	2.4x
Industries Qatar	$19.0B	4.7x	15.3x
RPM International	$18.9B	2.5x	15.7x
Akzo Nobel	$17.3B	1.4x	10.0x
Celanese	$17.1B	1.7x	8.4x
Ems-Chemie	$16.9B	6.7x	22.5x
Covestro	$16.0B	1.0x	14.6x
Symrise	$15.5B	2.6x	12.5x
CF Industries	$15.5B	2.4x	5.9x
Sembcorp	$14.7B	3.0x	11.0x
Westlake	$14.6B	1.2x	8.9x
Sociedad Química y Minera	$14.2B	n/a	n/a
Nitto Denko	$13.8B	2.0x	8.2x
Albemarle	$13.1B	2.6x	12.7x
Yara	$12.6B	0.8x	5.2x
Qinghai Salt Lake Industry	$12.5B	5.3x	11.9x
Eastman Chemical	$12.4B	1.4x	7.7x
Evonik Industries	$12.4B	0.7x	5.3x
Braskem	$11.5B	0.8x	10.9x
SABIC Agri-Nutrient	$11.5B	3.6x	9.3x
Syensqo	$10.7B	1.4x	6.9x
Rabigh Refining	$10.5B	1.0x	70.4x
ICL Group	$10.2B	4.8x	23.1x
Axalta Coating Systems	$9.5B	1.8x	8.4x
NewMarket	$8.7B	3.1x	n/a
Sasol	$8.7B	0.6x	3.1x
Brenntag	$8.6B	0.5x	5.3x
FMC	$8.5B	2.0x	9.4x
Arkema	$8.1B	0.7x	5.0x
Orica	$8.0B	1.5x	8.3x
IMCD	$7.7B	1.4x	11.5x
Element Solutions	$7.5B	3.0x	13.8x
Alfa SAB de	$6.8B	0.7x	6.5x
Ecopro	$6.7B	3.0x	-99.9x
Fertiglobe	$6.5B	2.8x	8.2x
Orbia Advance Corp SAB	$6.5B	0.8x	5.7x
Chemours	$6.4B	1.1x	8.1x
Xin Feng Ming Group	$6.3B	0.7x	7.9x
Methanex	$6.3B	1.7x	7.3x
Olin	$6.1B	0.9x	7.9x
PI Indus	$6.0B	6.4x	23.9x
SICC	$5.7B	22.3x	117.0x
Bachem	$5.7B	6.8x	23.9x
Solvay	$5.6B	1.0x	5.0x
Fuchs	$5.6B	1.3x	8.9x
Croda International	$5.5B	2.4x	10.4x
H.B. Fuller	$5.3B	1.5x	8.7x
Clariant	$5.3B	1.0x	6.2x
Azelis Group	$5.3B	1.1x	9.1x
SOL	$5.2B	2.6x	10.2x
Balchem	$5.2B	5.2x	19.6x
Sensient Technologies	$5.2B	3.3x	18.5x
Cabot	$5.2B	1.4x	6.4x
Dottikon ES Holding	$5.2B	n/a	n/a
Lanxess	$5.1B	0.7x	7.7x
Avient	$4.9B	1.5x	8.9x
Advanced Petrochemical	$4.6B	5.0x	24.4x
Wacker Chemie	$4.5B	0.7x	5.8x
Dyno Nobel	$4.4B	1.2x	7.5x
Saudi Kayan Petrochemical	$4.3B	1.8x	15.1x
Yansab	$4.0B	2.5x	10.1x
Mangalore Refinery	$4.0B	0.4x	11.4x
Huntsman	$3.9B	0.7x	12.5x
Hawkins	$3.9B	3.8x	22.1x
Kemira	$3.8B	1.2x	6.0x
Tronox Holdings	$3.8B	1.3x	8.3x
Perimeter Solutions	$3.8B	7.0x	14.1x
Bluestar Adisseo	$3.8B	1.7x	7.7x
Calumet	$3.7B	0.9x	15.3x
Luberef	$3.7B	1.6x	11.7x
Sahara Intl	$3.7B	1.9x	9.7x
Ashland	$3.7B	2.0x	9.1x
Hexpol	$3.6B	1.7x	9.4x
Alok Indus	$3.6B	n/a	n/a
Ingevity	$3.4B	2.6x	8.8x
Quaker Houghton	$3.2B	1.7x	10.5x
POCO Holdings Co.	$3.2B	11.9x	37.2x
Saudi Industrial Inv	$3.1B	n/a	97.1x
Enaex	$2.9B	n/a	n/a
WD-40	$2.9B	4.7x	25.9x
Alpek	$2.8B	0.4x	4.5x
Grupa Azoty	$2.8B	0.8x	-7082.2x
National Industralization	$2.7B	2.8x	38.1x
Controladora Alpek	$2.6B	n/a	n/a
Trinseo	$2.5B	0.7x	12.5x
Elkem	$2.5B	0.8x	7.4x
Solvac	$2.5B	n/a	n/a
Borregaard	$2.3B	3.0x	11.7x
Shanghai Petrochemical	$2.3B	0.2x	7.2x
Zeon	$2.3B	0.8x	6.8x
Gubre Fabrikalari	$2.2B	n/a	n/a
Robertet	$2.1B	2.2x	11.3x
Sao Martinho	$2.1B	1.5x	3.1x
Petkim Petrokimya Holding	$2.0B	0.9x	215.9x
Ecovyst	$1.9B	2.5x	7.8x
Innospec	$1.8B	1.0x	8.6x
Saudi Chemical	$1.8B	n/a	n/a
Stepan	$1.7B	0.7x	8.2x
Turpaz Industries	$1.7B	n/a	n/a
Alzchem Group	$1.7B	2.5x	12.6x
K+S	$1.6B	0.4x	2.3x
Unipar Carbocloro	$1.6B	1.6x	7.4x
Koppers Holdings	$1.6B	0.8x	6.2x
Orion	$1.5B	0.8x	5.3x
Vardhman	$1.5B	1.3x	9.9x
Industrie De Nora	$1.5B	1.4x	8.2x
Elementis	$1.4B	2.2x	10.0x
CropEnergies	$1.4B	n/a	n/a
CVR Partners	$1.4B	2.6x	n/a
Kronos Worldwide	$1.3B	0.7x	9.4x
Cydsa	$1.2B	1.3x	5.0x
Arvind	$1.1B	1.2x	11.4x
Westlake Chemical	$1.1B	1.0x	2.5x
Aksa Akrilik Kimya	$1.1B	1.3x	9.3x
Green Plains	$1.1B	0.5x	30.0x
Cosmo Advanced Materials	$1.1B	2.8x	50.0x
Synthomer	$1.1B	0.4x	5.3x
Verbio	$958M	0.5x	20.1x
AdvanSix	$936M	0.6x	5.5x
LSB Industries	$934M	1.7x	6.9x
Valhi	$922M	0.4x	n/a
ASP Isotopes	$840M	50.6x	n/a
Chimcomplex SA Borzesti	$781M	n/a	n/a
Gujarat State Fertilizers & Chemicals	$703M	n/a	n/a
SGL Carbon	$577M	0.5x	3.7x
Explosifs et Produits	$577M	1.0x	6.6x
Boryszew	$559M	n/a	n/a
SP Group	$556M	1.2x	6.1x
Natac Natural Ingredients	$546M	10.1x	33.9x
Potasios De Chile	$540M	n/a	n/a
Alujain	$531M	1.5x	10.2x
Gevo	$518M	4.8x	-53.8x
Exel Industries	$503M	0.4x	6.0x
PCC Rokita	$490M	0.9x	5.8x
Aspo	$480M	0.7x	6.3x
Aemetis	$479M	1.7x	-62.3x
Uzin Utz	$407M	0.7x	5.4x
Creta Plastics	$380M	n/a	n/a
Itafos	$379M	0.7x	2.3x
Hudson Technologies	$365M	1.5x	10.8x
Bioceres Crop Solutions	$357M	1.1x	11.6x
American Vanguard	$354M	0.7x	8.8x
Fabryka Farb I Lakierow	$343M	1.5x	8.7x
Oxiquim	$343M	n/a	n/a
Avantium	$327M	9.5x	-7.6x
H&R GmbH & Co	$314M	0.2x	3.1x
Intrepid Potash	$307M	1.3x	6.1x
Cinkarna Celje	$298M	n/a	n/a
Selena FM	$265M	n/a	n/a
Flugger Group	$244M	n/a	n/a
Delta Giri Wacana	$204M	n/a	n/a
PCC Exol	$204M	n/a	n/a
Alto Ingredients	$200M	0.2x	71.1x
NL Industries	$184M	1.3x	n/a
Gurit Holding	$177M	0.4x	4.5x
Lhyfe	$176M	6.6x	-6.6x
Dexxos Participacoes	$169M	0.5x	3.4x
Solar Foods	$166M	171.5x	-186.5x
Grupo Pochteca SAB de	$166M	n/a	n/a
Daios Plastic	$158M	n/a	n/a
Masterflex	$149M	1.3x	6.8x
Nabaltec	$132M	0.6x	3.6x
Arla Plast	$126M	n/a	n/a
Carbios	$120M	29.0x	-3.8x
I-Tech	$113M	5.5x	16.8x
eXoZymes	$98.4M	n/a	n/a
H2APEX Group	$93.0M	5.9x	-3.9x
Baikowski	$91.3M	n/a	n/a
Amoeba	$90.0M	310.3x	-14.2x
Loop Industries	$85.5M	13.3x	-8.3x
Holland	$82.7M	n/a	n/a
5E Advanced Materials	$82.0M	n/a	n/a
Exel Composites	$78.4M	0.6x	8.2x
Northern Technologies	$77.3M	0.9x	n/a
SulNOx Group	$73.2M	n/a	n/a
IBU-tec adv materials	$65.4M	1.1x	55.8x
Magis	$64.4M	0.7x	4.4x
KGL	$62.8M	n/a	n/a
Industrie Chimiche	$51.6M	0.6x	4.9x
BRAIN Biotech	$45.8M	0.7x	23.4x
Green Oleo	$44.0M	0.5x	12.5x
Afyren	$43.5M	12.0x	-6.6x
Hub Tech	$43.2M	n/a	n/a
Nexam Chemical Holding	$37.1M	1.7x	30.9x
Melamin	$34.6M	n/a	n/a
Polygiene Group	$29.6M	1.8x	15.2x
Lordos United Public	$29.0M	n/a	n/a
Cropmate	$26.8M	n/a	n/a
OrganoClick	$26.7M	2.1x	76.4x
Hyenergy	$21.5M	n/a	n/a
Vinpai	$21.4M	2.0x	-10.0x
Plasticos Compuestos	$19.8M	n/a	n/a
aXichem	$19.1M	n/a	n/a
Polwax	$17.7M	n/a	n/a
Hove	$16.7M	n/a	n/a
Onesano	$16.2M	n/a	n/a
Suntrade Group	$16.2M	n/a	n/a
Sinteza	$12.7M	n/a	n/a
Directa Plus	$11.7M	1.1x	-4.5x
Serstech	$10.6M	2.2x	-6.1x
Prymus	$7.2M	n/a	n/a
Bergen Carbon Solns	$6.2M	44.3x	-1.7x
XP Chemistries	$6.2M	116.8x	-7.9x
Prebona	$6.1M	n/a	n/a
Cyclezyme	$5.9M	n/a	n/a
Tribox Group	$5.1M	n/a	n/a
EcoRub	$4.9M	3.9x	-5.4x
Encres Dubuit	$3.9M	n/a	n/a
Svenska Aerogel Holding	$3.4M	n/a	n/a
SZAR	$2.7M	n/a	n/a
Krakchemia	$2.1M	n/a	n/a
Biofrigas Sweden	$1.6M	n/a	n/a
Nattaro Labs	$1.6M	n/a	n/a
Global Bioenergies	$1.6M	4.4x	-0.1x
Recyctec Holding	$1.5M	n/a	n/a
POLYDUCT Plastic	$1.3M	n/a	n/a
Black Point	$1.3M	n/a	n/a
Polymer Factory Sweden	$1.0M	n/a	n/a
Neochim	-$5.0M	n/a	n/a
OCI	-$41.3M	-0.0x	-1.0x