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	$214B	6.3x	16.1x
Sherwin-Williams	$96.9B	4.1x	21.4x
Ecolab	$82.5B	5.2x	21.6x
Air Products	$73.8B	6.1x	14.4x
BASF	$69.2B	1.0x	8.3x
Shin-Etsu	$45.3B	2.8x	7.6x
Saudi Basic Industries	$45.1B	1.2x	9.0x
Nutrien	$40.7B	1.5x	6.8x
Rongsheng Petro Chemical	$40.6B	0.9x	8.4x
Wanhua Chemical	$39.6B	1.4x	8.4x
Chandra Asri Group	$38.7B	6.4x	3974.3x
Sika	$37.1B	2.6x	13.7x
Hengli Petrochemical	$35.8B	1.1x	10.2x
LG Chem	$35.5B	1.1x	7.8x
Novonesis	$32.3B	6.7x	18.3x
Dow	$30.8B	0.8x	8.9x
Asian Paints	$30.7B	7.8x	42.8x
Eternal Ltd	$30.3B	6.7x	268.6x
PPG	$28.2B	1.8x	10.1x
LyondellBasell Industries	$25.9B	0.8x	8.8x
DSM-Firmenich	$23.7B	1.6x	9.1x
International Flavors & Fragrances	$23.3B	2.1x	11.1x
Borouge	$23.3B	4.2x	10.8x
DuPont	$23.1B	3.1x	10.0x
Ningxia Baofeng Energy Group	$22.7B	3.3x	9.2x
Nippon Paint Holdings	$20.7B	1.8x	10.6x
OMV	$19.6B	0.6x	2.6x
Sociedad Química y Minera	$19.5B	n/a	n/a
Industries Qatar	$18.5B	4.2x	13.9x
Nippon Sanso Holdings	$18.3B	2.2x	9.4x
Albemarle	$17.8B	3.5x	17.0x
Qinghai Salt Lake Industry	$16.5B	6.9x	14.5x
RPM International	$16.2B	2.1x	13.4x
Covestro	$16.1B	1.1x	17.1x
Celanese	$15.9B	1.6x	8.1x
Akzo Nobel	$15.3B	1.3x	9.0x
Ems-Chemie	$15.0B	6.2x	19.9x
Sembcorp	$14.4B	2.9x	11.5x
Nitto Denko	$14.2B	2.2x	8.9x
CF Industries	$13.8B	2.0x	5.0x
Symrise	$13.8B	2.4x	11.3x
Rabigh Refining	$13.2B	1.4x	103.4x
Yara	$12.4B	0.8x	4.7x
SABIC Agri-Nutrient	$11.9B	3.5x	8.9x
Braskem	$11.6B	0.9x	15.5x
Eastman Chemical	$11.4B	1.3x	7.5x
Evonik Industries	$10.9B	0.7x	5.0x
Westlake	$10.8B	0.9x	8.3x
Syensqo	$9.9B	1.4x	6.8x
ICL Group	$9.2B	4.2x	20.5x
Axalta Coating Systems	$9.2B	1.8x	8.1x
Ecopro	$9.0B	3.7x	66.0x
Sasol	$8.6B	0.6x	3.1x
Orica	$8.4B	1.6x	8.6x
Brenntag	$8.0B	0.4x	5.2x
NewMarket	$7.7B	2.8x	n/a
Arkema	$7.1B	0.7x	4.8x
Alfa SAB de	$7.0B	0.7x	6.8x
Element Solutions	$6.9B	2.8x	12.7x
Orbia Advance Corp SAB	$6.7B	0.9x	6.0x
IMCD	$6.6B	1.2x	10.2x
Xin Feng Ming Group	$6.5B	0.7x	8.3x
Fertiglobe	$6.4B	2.5x	7.1x
Methanex	$5.9B	1.6x	6.9x
Croda International	$5.8B	2.6x	11.3x
FMC	$5.6B	1.4x	6.6x
SOL	$5.6B	2.7x	10.9x
Dottikon ES Holding	$5.5B	n/a	n/a
Chemours	$5.5B	0.9x	7.2x
PI Indus	$5.4B	6.1x	22.6x
Olin	$5.4B	0.8x	7.5x
Solvay	$5.4B	1.0x	5.3x
Fuchs	$5.3B	1.3x	8.6x
Balchem	$5.1B	5.0x	19.0x
H.B. Fuller	$5.1B	1.5x	8.2x
Clariant	$4.8B	1.0x	5.7x
Advanced Petrochemical	$4.7B	5.1x	21.6x
Sensient Technologies	$4.7B	2.9x	16.1x
Wacker Chemie	$4.7B	0.7x	7.0x
SICC	$4.7B	20.1x	113.4x
Dyno Nobel	$4.7B	1.4x	7.1x
Saudi Kayan Petrochemical	$4.5B	2.0x	16.1x
Azelis Group	$4.5B	0.9x	8.2x
Bachem	$4.5B	5.4x	18.7x
Mangalore Refinery	$4.5B	0.4x	11.1x
Lanxess	$4.4B	0.6x	7.3x
Perimeter Solutions	$4.3B	6.7x	13.1x
Avient	$4.2B	1.3x	7.8x
Cabot	$4.1B	1.1x	5.2x
Luberef	$4.0B	1.8x	12.9x
Yansab	$3.9B	2.5x	11.4x
Alok Indus	$3.9B	n/a	n/a
Calumet	$3.8B	0.9x	14.0x
Tronox Holdings	$3.7B	1.3x	9.8x
Sahara Intl	$3.7B	2.0x	11.9x
Bluestar Adisseo	$3.6B	1.5x	7.2x
Kemira	$3.6B	1.1x	5.9x
Ashland	$3.6B	2.0x	8.9x
Huntsman	$3.4B	0.6x	11.6x
Hexpol	$3.4B	1.7x	9.0x
Enaex	$3.3B	n/a	n/a
Quaker Houghton	$3.0B	1.6x	10.0x
Ingevity	$3.0B	2.4x	7.7x
Hawkins	$2.9B	2.8x	16.3x
Alpek	$2.9B	0.4x	4.8x
National Industralization	$2.8B	3.0x	43.4x
Grupa Azoty	$2.8B	0.7x	66.7x
WD-40	$2.7B	4.4x	23.1x
Controladora Alpek	$2.7B	n/a	n/a
POCO Holdings Co.	$2.7B	10.0x	31.3x
Saudi Industrial Inv	$2.6B	n/a	132.1x
Gubre Fabrikalari	$2.6B	n/a	n/a
Elkem	$2.5B	0.8x	8.3x
Trinseo	$2.5B	0.7x	13.7x
Robertet	$2.3B	2.4x	12.2x
Solvac	$2.2B	n/a	n/a
Shanghai C and D Innostic	$2.1B	n/a	n/a
Shanghai Petrochemical	$2.1B	0.2x	8.9x
CAC Nantong Chemical Co	$2.0B	n/a	n/a
Borregaard	$2.0B	2.7x	10.8x
Turpaz Industries	$2.0B	n/a	n/a
Petkim Petrokimya Holding	$2.0B	0.9x	404.2x
Sao Martinho	$2.0B	1.4x	2.9x
Saudi Chemical	$2.0B	n/a	n/a
Zeon	$1.9B	0.7x	6.1x
Ecovyst	$1.8B	2.4x	9.0x
Stepan	$1.6B	0.7x	7.5x
K+S	$1.6B	0.4x	2.2x
Innospec	$1.6B	0.9x	7.9x
Koppers Holdings	$1.5B	0.8x	6.0x
Industrie De Nora	$1.5B	1.5x	8.2x
Unipar Carbocloro	$1.5B	1.6x	7.3x
Vardhman	$1.5B	1.3x	10.0x
Alzchem Group	$1.5B	2.2x	11.2x
CVR Partners	$1.4B	2.8x	n/a
Verbio	$1.4B	0.8x	28.6x
Aksa Akrilik Kimya	$1.4B	1.7x	12.8x
CropEnergies	$1.4B	n/a	n/a
Elementis	$1.3B	2.1x	8.6x
Orion	$1.2B	0.7x	5.2x
Arvind	$1.2B	1.2x	11.9x
Cydsa	$1.1B	1.3x	5.1x
Kronos Worldwide	$1.1B	0.6x	9.7x
Cosmo Advanced Materials	$1.1B	3.3x	67.2x
Synthomer	$1.0B	0.4x	5.4x
Westlake Chemical	$1.0B	0.9x	2.3x
LSB Industries	$963M	1.7x	6.5x
Green Plains	$943M	0.4x	13.6x
Redox	$873M	1.0x	10.8x
Valhi	$856M	0.4x	n/a
AdvanSix	$778M	0.5x	5.1x
Chimcomplex SA Borzesti	$684M	n/a	n/a
Explosifs et Produits	$672M	1.1x	8.3x
Gujarat State Fertilizers & Chemicals	$668M	n/a	n/a
ASP Isotopes	$661M	86.0x	n/a
Potasios De Chile	$659M	n/a	n/a
Boryszew	$577M	n/a	n/a
Gevo	$565M	4.3x	120.1x
SP Group	$535M	1.2x	6.0x
Natac Natural Ingredients	$500M	8.3x	27.0x
Aspo	$496M	0.7x	6.6x
PCC Rokita	$491M	0.9x	5.8x
Exel Industries	$485M	0.4x	6.2x
SGL Carbon	$483M	0.5x	3.2x
Alujain	$477M	1.4x	10.3x
Aemetis	$453M	1.9x	-27.6x
Itafos	$404M	0.7x	2.5x
Uzin Utz	$389M	0.7x	5.3x
Oxiquim	$364M	n/a	n/a
Bioceres Crop Solutions	$336M	1.0x	9.1x
Fabryka Farb I Lakierow	$328M	1.5x	8.4x
American Vanguard	$307M	0.6x	7.7x
Creta Plastics	$305M	n/a	n/a
H&R GmbH & Co	$303M	0.2x	3.2x
Selena FM	$293M	n/a	n/a
Cinkarna Celje	$269M	n/a	n/a
Messer Tehnogas	$263M	n/a	n/a
Intrepid Potash	$261M	1.0x	4.7x
Avantium	$261M	8.9x	-6.4x
Alto Ingredients	$250M	0.3x	11.6x
Flugger Group	$239M	0.7x	5.6x
Hudson Technologies	$211M	0.9x	6.7x
Delta Giri Wacana	$204M	n/a	n/a
DGL Group	$195M	0.6x	5.8x
Lhyfe	$194M	16.8x	-6.3x
PCC Exol	$191M	n/a	n/a
Daios Plastic	$183M	n/a	n/a
Grupo Pochteca SAB de	$175M	n/a	n/a
NL Industries	$170M	1.2x	n/a
Dexxos Participacoes	$165M	0.4x	3.3x
XRF Scientific	$165M	4.1x	14.9x
Gurit Holding	$162M	0.4x	11.7x
Solar Foods	$162M	134.6x	-157.3x
Masterflex	$133M	1.1x	6.0x
eXoZymes	$130M	n/a	n/a
Carbios	$128M	173.2x	-4.3x
Nabaltec	$126M	0.5x	3.6x
Baikowski	$103M	n/a	n/a
IBU-tec adv materials	$102M	1.9x	19.5x
H2APEX Group	$97.2M	9.1x	-3.9x
Arla Plast	$97.1M	n/a	n/a
Sulnox Group	$91.5M	n/a	n/a
Amoeba	$91.3M	252.6x	-14.3x
5E Advanced Materials	$82.5M	n/a	n/a
BRAIN Biotech	$80.1M	1.2x	27.1x
Holland	$79.6M	n/a	n/a
Himsnab Bulgaria	$77.9M	n/a	n/a
Exel Composites	$77.5M	0.7x	8.4x
Northern Technologies	$77.1M	0.9x	n/a
I-Tech	$72.0M	3.9x	13.2x
Magis	$60.4M	0.7x	5.9x
KGL	$54.9M	n/a	n/a
Industrie Chimiche	$53.9M	0.6x	5.1x
Loop Industries	$44.8M	10.7x	-4.2x
Green Oleo	$42.2M	0.5x	17.8x
Hub Tech	$42.1M	n/a	n/a
Afyren	$38.0M	10.4x	-6.0x
Polygiene Group	$34.8M	2.2x	22.5x
Melamin	$34.1M	n/a	n/a
Lordos United Public	$27.6M	n/a	n/a
Cropmate	$27.2M	n/a	n/a
Nexam Chemical Holding	$26.6M	1.3x	34.6x
OrganoClick	$26.3M	2.3x	-253.5x
Vinpai	$23.3M	2.2x	-11.0x
Hyenergy	$21.2M	n/a	n/a
Carbochim	$20.5M	n/a	n/a
Hove	$19.6M	n/a	n/a
Plasticos Compuestos	$19.0M	n/a	n/a
Onesano	$16.2M	n/a	n/a
aXichem	$14.8M	n/a	n/a
Polwax	$14.8M	n/a	n/a
Serstech	$13.4M	2.8x	-8.2x
Suntrade Group	$11.3M	n/a	n/a
Sinteza	$10.2M	n/a	n/a
Directa Plus	$8.7M	1.0x	-3.0x
Prymus	$6.8M	n/a	n/a
Encres Dubuit	$5.0M	n/a	n/a
Bergen Carbon Solns	$5.0M	28.6x	-1.2x
Prebona	$4.8M	n/a	n/a
EcoRub	$4.7M	3.8x	-5.2x
Tribox Group	$4.6M	n/a	n/a
XP Chemistries	$4.2M	11.9x	-5.7x
Cyclezyme	$3.9M	n/a	n/a
SZAR	$2.9M	n/a	n/a
Svenska Aerogel Holding	$2.9M	n/a	n/a
Nattaro Labs	$2.7M	n/a	n/a
Krakchemia	$2.4M	n/a	n/a
Biofrigas Sweden	$2.1M	n/a	n/a
POLYDUCT Plastic	$1.4M	n/a	n/a
Global Bioenergies	$1.3M	3.8x	-0.1x
Recyctec Holding	$1.2M	n/a	n/a
Black Point	$1.2M	n/a	n/a
Polymer Factory Sweden	$1.0M	n/a	n/a
Neochim	-$8.6M	n/a	n/a
OCI	-$104M	-0.1x	-2.0x