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	$217B	6.4x	16.3x
Sherwin-Williams	$98.4B	4.2x	21.7x
Ecolab	$80.1B	5.0x	21.0x
Air Products	$68.9B	5.7x	13.5x
BASF	$67.5B	0.9x	7.8x
Shin-Etsu	$47.1B	2.8x	7.6x
Saudi Basic Industries	$46.0B	1.2x	9.1x
Rongsheng Petro Chemical	$40.6B	0.9x	9.2x
Wanhua Chemical	$39.0B	1.4x	8.4x
Nutrien	$38.4B	1.5x	6.4x
Chandra Asri Group	$37.6B	6.4x	3363.6x
Sika	$37.4B	2.6x	13.8x
LG Chem	$36.2B	1.1x	7.7x
Hengli Petrochemical	$34.6B	1.1x	9.9x
Eternal Ltd	$31.5B	7.3x	282.6x
Dow	$31.1B	0.8x	8.7x
Novonesis	$31.0B	6.5x	17.6x
PPG	$27.6B	1.8x	9.9x
Asian Paints	$26.6B	6.8x	37.7x
LyondellBasell Industries	$25.7B	0.8x	8.6x
DSM-Firmenich	$23.4B	1.6x	8.9x
Borouge	$23.3B	4.1x	10.6x
Ningxia Baofeng Energy Group	$23.0B	3.4x	9.6x
International Flavors & Fragrances	$21.8B	2.0x	10.4x
DuPont	$21.1B	2.0x	6.5x
Nippon Paint Holdings	$21.1B	1.8x	10.6x
OMV	$19.5B	0.6x	2.5x
Industries Qatar	$18.6B	4.4x	14.8x
Nippon Sanso Holdings	$18.3B	2.1x	9.2x
RPM International	$16.6B	2.2x	13.7x
Celanese	$16.2B	1.7x	8.3x
Covestro	$16.0B	1.0x	16.4x
Akzo Nobel	$15.8B	1.3x	9.3x
Sociedad Química y Minera	$15.6B	n/a	n/a
Qinghai Salt Lake Industry	$15.5B	6.5x	14.1x
CF Industries	$15.3B	2.3x	5.6x
Ems-Chemie	$14.8B	6.1x	19.9x
Sembcorp	$14.8B	3.0x	11.2x
Nitto Denko	$14.6B	2.2x	9.0x
Albemarle	$14.6B	2.9x	14.2x
Symrise	$13.9B	2.4x	11.3x
Yara	$12.7B	0.8x	4.8x
Rabigh Refining	$12.6B	1.3x	93.8x
SABIC Agri-Nutrient	$12.1B	3.6x	9.1x
Westlake	$11.8B	1.0x	8.7x
Eastman Chemical	$11.6B	1.3x	7.5x
Evonik Industries	$11.4B	0.7x	5.1x
Braskem	$11.3B	0.8x	12.7x
ICL Group	$10.8B	4.9x	24.0x
Ecopro	$10.6B	4.2x	81.6x
Syensqo	$10.3B	1.4x	6.8x
Axalta Coating Systems	$8.7B	1.7x	7.6x
Orica	$8.3B	1.6x	8.5x
Sasol	$8.2B	0.6x	2.9x
NewMarket	$8.0B	2.9x	n/a
Brenntag	$7.9B	0.4x	5.0x
Element Solutions	$7.6B	3.0x	13.9x
IMCD	$7.3B	1.3x	11.3x
Arkema	$7.2B	0.7x	4.7x
Alfa SAB de	$6.9B	0.7x	6.7x
Fertiglobe	$6.6B	2.7x	7.5x
Orbia Advance Corp SAB	$6.6B	0.8x	5.9x
Xin Feng Ming Group	$6.2B	0.6x	7.9x
Methanex	$6.0B	1.6x	7.0x
Croda International	$5.9B	2.7x	11.6x
PI Indus	$5.9B	6.4x	23.7x
FMC	$5.7B	1.4x	6.7x
Chemours	$5.7B	1.0x	7.3x
SOL	$5.6B	2.8x	11.0x
Olin	$5.4B	0.8x	7.3x
Solvay	$5.3B	1.0x	5.0x
Fuchs	$5.3B	1.3x	8.6x
Dottikon ES Holding	$5.2B	n/a	n/a
H.B. Fuller	$5.1B	1.4x	8.2x
Balchem	$5.0B	4.9x	18.6x
Advanced Petrochemical	$5.0B	5.5x	23.7x
Clariant	$4.8B	1.0x	5.7x
Bachem	$4.8B	5.7x	20.2x
Lanxess	$4.7B	0.7x	7.6x
Wacker Chemie	$4.7B	0.7x	6.7x
Dyno Nobel	$4.7B	1.3x	7.2x
Azelis Group	$4.6B	1.0x	8.4x
Mangalore Refinery	$4.6B	0.5x	11.6x
Saudi Kayan Petrochemical	$4.6B	2.0x	16.9x
Sensient Technologies	$4.5B	2.8x	15.7x
Avient	$4.4B	1.3x	8.1x
Luberef	$4.3B	1.9x	14.0x
SICC	$4.1B	17.0x	93.8x
Cabot	$4.1B	1.1x	5.1x
Yansab	$4.1B	2.6x	10.8x
Perimeter Solutions	$4.1B	6.7x	13.3x
Calumet	$3.9B	0.9x	15.1x
Alok Indus	$3.9B	n/a	n/a
Sahara Intl	$3.9B	2.0x	10.7x
Bluestar Adisseo	$3.7B	1.6x	7.3x
Ashland	$3.6B	2.0x	8.9x
Kemira	$3.6B	1.1x	5.7x
Tronox Holdings	$3.6B	1.2x	8.7x
Hexpol	$3.5B	1.7x	9.2x
Huntsman	$3.4B	0.6x	11.7x
Ingevity	$3.3B	2.5x	8.4x
POCO Holdings Co.	$3.2B	11.9x	36.8x
Enaex	$3.0B	n/a	n/a
Quaker Houghton	$3.0B	1.6x	9.9x
Hawkins	$3.0B	2.8x	16.5x
Alpek	$2.9B	0.4x	4.8x
National Industralization	$2.9B	3.1x	40.5x
Grupa Azoty	$2.8B	0.7x	81.5x
Saudi Industrial Inv	$2.7B	n/a	102.4x
WD-40	$2.7B	4.3x	23.0x
Controladora Alpek	$2.7B	n/a	n/a
Elkem	$2.5B	0.8x	8.1x
Gubre Fabrikalari	$2.5B	n/a	n/a
Trinseo	$2.5B	0.7x	12.4x
Solvac	$2.3B	n/a	n/a
Shanghai C and D Innostic	$2.3B	n/a	n/a
Saudi Chemical	$2.1B	n/a	n/a
Shanghai Petrochemical	$2.1B	0.2x	9.1x
Robertet	$2.1B	2.2x	11.1x
Borregaard	$2.1B	2.8x	11.1x
Petkim Petrokimya Holding	$2.0B	0.9x	1194.3x
CAC Nantong Chemical Co	$2.0B	n/a	n/a
Turpaz Industries	$2.0B	n/a	n/a
Alzchem Group	$1.9B	2.9x	14.6x
Industrie De Nora	$1.9B	1.9x	10.3x
Sao Martinho	$1.9B	1.3x	2.8x
Zeon	$1.8B	0.7x	5.6x
Ecovyst	$1.8B	2.4x	8.2x
Koppers Holdings	$1.6B	0.8x	6.2x
Stepan	$1.6B	0.7x	7.5x
K+S	$1.6B	0.4x	2.3x
Innospec	$1.6B	0.9x	7.8x
Unipar Carbocloro	$1.6B	1.7x	7.7x
CVR Partners	$1.5B	2.8x	n/a
Vardhman	$1.4B	1.3x	9.8x
CropEnergies	$1.4B	n/a	n/a
Verbio	$1.4B	0.7x	30.3x
Elementis	$1.4B	2.2x	9.7x
Cosmo Advanced Materials	$1.3B	3.8x	75.0x
Aksa Akrilik Kimya	$1.3B	1.9x	11.8x
Orion	$1.2B	0.7x	4.8x
Cydsa	$1.1B	1.3x	4.8x
Kronos Worldwide	$1.1B	0.6x	9.2x
Arvind	$1.1B	1.1x	11.0x
Synthomer	$1.0B	0.4x	5.4x
Westlake Chemical	$1.0B	0.9x	2.3x
Green Plains	$984M	0.4x	16.4x
ASP Isotopes	$966M	99.9x	n/a
LSB Industries	$938M	1.7x	6.6x
Redox	$886M	1.1x	10.8x
AdvanSix	$858M	0.6x	4.8x
Valhi	$821M	0.4x	n/a
Chimcomplex SA Borzesti	$728M	n/a	n/a
Gujarat State Fertilizers & Chemicals	$645M	n/a	n/a
Gevo	$635M	5.3x	312.5x
Explosifs et Produits	$584M	1.0x	7.0x
Boryszew	$570M	n/a	n/a
SP Group	$554M	1.2x	6.1x
Potasios De Chile	$552M	n/a	n/a
SGL Carbon	$519M	0.5x	3.5x
Aspo	$502M	0.7x	6.7x
Natac Natural Ingredients	$497M	8.4x	26.4x
PCC Rokita	$483M	0.9x	5.8x
Exel Industries	$482M	0.4x	6.1x
Aemetis	$473M	1.7x	-65.4x
Itafos	$454M	0.8x	2.7x
Alujain	$448M	1.3x	9.4x
Uzin Utz	$400M	0.7x	5.4x
Oxiquim	$360M	n/a	n/a
Bioceres Crop Solutions	$340M	1.0x	9.7x
Fabryka Farb I Lakierow	$339M	1.5x	8.7x
American Vanguard	$328M	0.6x	8.1x
H&R GmbH & Co	$312M	0.2x	3.3x
Creta Plastics	$303M	n/a	n/a
Selena FM	$299M	n/a	n/a
Hudson Technologies	$292M	1.2x	8.7x
Cinkarna Celje	$286M	n/a	n/a
Intrepid Potash	$267M	1.1x	4.8x
Avantium	$262M	9.2x	-6.2x
Messer Tehnogas	$262M	n/a	n/a
Flugger Group	$244M	0.7x	5.7x
Delta Giri Wacana	$212M	n/a	n/a
DGL Group	$198M	0.6x	5.5x
PCC Exol	$197M	n/a	n/a
Alto Ingredients	$196M	0.2x	38.5x
XRF Scientific	$190M	4.7x	17.1x
Lhyfe	$187M	16.6x	-6.0x
Daios Plastic	$183M	n/a	n/a
NL Industries	$178M	1.2x	n/a
Grupo Pochteca SAB de	$173M	n/a	n/a
Solar Foods	$163M	141.6x	-162.9x
Dexxos Participacoes	$160M	0.4x	3.3x
Gurit Holding	$160M	0.4x	10.6x
Masterflex	$144M	1.2x	6.6x
Nabaltec	$137M	0.6x	3.8x
Arla Plast	$133M	n/a	n/a
IBU-tec adv materials	$114M	2.0x	98.8x
eXoZymes	$108M	n/a	n/a
Baikowski	$104M	n/a	n/a
Carbios	$103M	144.7x	-3.4x
H2APEX Group	$102M	8.5x	-4.1x
Amoeba	$99.2M	288.0x	-15.6x
5E Advanced Materials	$86.0M	n/a	n/a
I-Tech	$83.1M	4.4x	14.7x
Northern Technologies	$80.6M	0.9x	n/a
Himsnab Bulgaria	$77.9M	n/a	n/a
Exel Composites	$75.8M	0.6x	7.7x
Loop Industries	$71.7M	16.2x	-6.9x
Holland	$69.8M	n/a	n/a
Magis	$66.4M	0.7x	6.2x
Sulnox Group	$61.8M	n/a	n/a
KGL	$53.8M	n/a	n/a
Industrie Chimiche	$53.3M	0.6x	5.1x
BRAIN Biotech	$45.5M	0.7x	15.8x
Green Oleo	$45.2M	0.5x	18.1x
Hub Tech	$43.5M	n/a	n/a
Afyren	$35.0M	9.6x	-5.5x
Polygiene Group	$35.0M	2.1x	21.3x
Melamin	$34.2M	n/a	n/a
Nexam Chemical Holding	$29.6M	1.3x	36.9x
OrganoClick	$29.4M	2.4x	-428.9x
Lordos United Public	$29.0M	n/a	n/a
Cropmate	$26.9M	n/a	n/a
Vinpai	$23.4M	2.2x	-11.0x
Hyenergy	$21.2M	n/a	n/a
Carbochim	$20.8M	n/a	n/a
Plasticos Compuestos	$18.9M	n/a	n/a
Hove	$16.8M	n/a	n/a
aXichem	$16.3M	n/a	n/a
Polwax	$16.1M	n/a	n/a
Onesano	$15.8M	n/a	n/a
Suntrade Group	$12.2M	n/a	n/a
Serstech	$11.4M	2.0x	-87.6x
Sinteza	$9.5M	n/a	n/a
Directa Plus	$9.4M	1.1x	-3.2x
Prymus	$6.5M	n/a	n/a
Bergen Carbon Solns	$6.1M	36.6x	-1.8x
Prebona	$5.5M	n/a	n/a
Tribox Group	$5.5M	n/a	n/a
XP Chemistries	$5.0M	14.2x	-6.5x
EcoRub	$4.9M	3.9x	-5.3x
Cyclezyme	$4.1M	n/a	n/a
Encres Dubuit	$3.9M	n/a	n/a
SZAR	$3.2M	n/a	n/a
Svenska Aerogel Holding	$2.8M	n/a	n/a
Krakchemia	$2.6M	n/a	n/a
Biofrigas Sweden	$2.4M	n/a	n/a
Nattaro Labs	$1.9M	n/a	n/a
Recyctec Holding	$1.4M	n/a	n/a
Global Bioenergies	$1.4M	3.9x	-0.1x
POLYDUCT Plastic	$1.3M	n/a	n/a
Polymer Factory Sweden	$1.3M	n/a	n/a
Black Point	$1.2M	n/a	n/a
Neochim	-$6.9M	n/a	n/a
OCI	-$89.7M	-0.1x	-1.2x