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	$220B	6.5x	16.5x
Sherwin-Williams	$94.0B	4.0x	20.7x
Ecolab	$82.1B	5.1x	21.3x
Air Products	$71.3B	5.9x	13.8x
BASF	$70.6B	1.0x	8.5x
Shin-Etsu	$51.0B	3.1x	8.5x
Wanhua Chemical	$46.2B	1.6x	9.7x
Nutrien	$44.2B	1.6x	7.1x
Rongsheng Petro Chemical	$42.5B	1.0x	8.1x
Saudi Basic Industries	$41.6B	1.1x	8.4x
Sika	$40.1B	2.8x	14.7x
Hengli Petrochemical	$38.3B	1.2x	10.8x
Chandra Asri Group	$37.3B	5.8x	5032.0x
LG Chem	$34.3B	1.1x	7.3x
Novonesis	$33.1B	6.7x	18.1x
Dow	$31.4B	0.8x	9.7x
Asian Paints	$29.5B	7.5x	41.1x
PPG	$29.2B	1.9x	10.5x
Eternal Ltd	$28.3B	5.8x	245.3x
LyondellBasell Industries	$25.2B	0.8x	9.5x
DuPont	$24.2B	3.5x	11.1x
Borouge	$24.1B	4.3x	11.3x
Ningxia Baofeng Energy Group	$23.7B	3.3x	9.2x
DSM-Firmenich	$23.5B	1.6x	8.7x
International Flavors & Fragrances	$23.2B	2.1x	11.1x
Sociedad Química y Minera	$22.4B	n/a	n/a
Albemarle	$21.5B	4.2x	20.5x
Nippon Paint Holdings	$21.4B	1.9x	10.7x
OMV	$19.6B	0.6x	2.5x
Qinghai Salt Lake Industry	$18.3B	7.6x	15.5x
Nippon Sanso Holdings	$17.8B	2.1x	9.0x
Industries Qatar	$17.7B	4.2x	13.6x
Akzo Nobel	$16.5B	1.4x	9.6x
Celanese	$16.4B	1.7x	8.6x
RPM International	$16.3B	2.1x	13.3x
Ems-Chemie	$15.4B	6.2x	20.0x
Sembcorp	$14.5B	3.0x	11.8x
Nitto Denko	$14.1B	2.2x	8.8x
Yara	$13.9B	0.9x	5.2x
Symrise	$13.7B	2.4x	11.0x
CF Industries	$13.7B	2.0x	4.9x
Westlake	$12.7B	1.1x	11.6x
Rabigh Refining	$12.4B	1.3x	-1799.2x
Eastman Chemical	$11.8B	1.3x	8.0x
Braskem	$11.2B	0.9x	17.6x
SABIC Agri-Nutrient	$11.0B	3.2x	8.2x
Evonik Industries	$10.9B	0.7x	4.9x
Ecopro	$10.8B	4.3x	69.1x
Syensqo	$10.0B	1.3x	6.8x
Axalta Coating Systems	$9.7B	1.9x	8.5x
ICL Group	$9.4B	4.2x	20.5x
Orica	$9.2B	1.7x	9.1x
Sasol	$8.4B	0.6x	3.1x
Brenntag	$8.2B	0.5x	5.3x
NewMarket	$7.5B	2.7x	n/a
Arkema	$7.3B	0.7x	4.9x
Element Solutions	$7.3B	2.9x	13.2x
Xin Feng Ming Group	$7.2B	0.7x	9.0x
IMCD	$6.8B	1.2x	10.3x
Fertiglobe	$6.7B	2.5x	7.0x
Orbia Advance Corp SAB	$6.6B	0.9x	6.0x
Methanex	$6.3B	1.7x	7.3x
Croda International	$6.0B	2.6x	11.3x
Dottikon ES Holding	$5.9B	n/a	n/a
SICC	$5.8B	25.9x	135.3x
FMC	$5.7B	1.4x	6.7x
SOL	$5.7B	2.7x	10.8x
Chemours	$5.6B	1.0x	7.4x
Bachem	$5.5B	6.4x	22.2x
Olin	$5.5B	0.8x	7.8x
Solvay	$5.4B	1.0x	5.3x
Fuchs	$5.3B	1.3x	8.4x
H.B. Fuller	$5.2B	1.5x	8.4x
Balchem	$5.2B	5.0x	19.0x
PI Indus	$5.0B	5.8x	21.3x
Clariant	$5.0B	1.0x	5.8x
Dyno Nobel	$4.8B	1.4x	7.1x
Sensient Technologies	$4.8B	2.9x	16.2x
Wacker Chemie	$4.7B	0.7x	7.1x
Azelis Group	$4.6B	0.9x	8.2x
Lanxess	$4.6B	0.7x	7.5x
Perimeter Solutions	$4.5B	7.0x	13.7x
Advanced Petrochemical	$4.5B	4.8x	19.8x
Luberef	$4.5B	2.0x	14.6x
Cabot	$4.5B	1.2x	5.7x
Avient	$4.4B	1.4x	8.1x
Saudi Kayan Petrochemical	$4.1B	1.8x	14.8x
Ashland	$4.0B	2.2x	9.9x
Mangalore Refinery	$4.0B	0.4x	9.4x
Calumet	$3.9B	1.0x	13.0x
Tronox Holdings	$3.9B	1.4x	11.0x
Alok Indus	$3.8B	n/a	n/a
Kemira	$3.7B	1.1x	6.0x
Hexpol	$3.7B	1.7x	9.5x
Huntsman	$3.7B	0.6x	13.4x
Bluestar Adisseo	$3.5B	1.5x	7.2x
Enaex	$3.5B	n/a	n/a
Yansab	$3.4B	2.3x	10.6x
Ingevity	$3.4B	2.7x	8.6x
Hawkins	$3.3B	3.2x	18.4x
Sahara International	$3.3B	1.8x	13.3x
Quaker Houghton	$3.2B	1.7x	10.6x
POCO Holdings Co.	$3.0B	11.6x	34.6x
Alpek	$3.0B	0.4x	5.1x
WD-40	$2.8B	4.5x	23.7x
Elkem	$2.8B	0.9x	9.0x
Grupa Azoty	$2.8B	0.7x	47.8x
Gubre Fabrikalari	$2.7B	n/a	n/a
National Industralization	$2.6B	2.8x	-14.5x
Trinseo	$2.5B	0.7x	14.6x
Turpaz Industries	$2.3B	n/a	n/a
Robertet	$2.3B	2.3x	11.7x
Solvac	$2.3B	n/a	n/a
Saudi Industrial Inv	$2.2B	n/a	192.5x
Shanghai C and D Innostic	$2.2B	n/a	n/a
Borregaard	$2.2B	2.8x	11.4x
Shanghai Petrochemical	$2.0B	0.2x	9.0x
Sao Martinho	$2.0B	1.5x	3.1x
Zeon	$2.0B	0.7x	6.4x
Petkim Petrokimya Holding	$2.0B	0.9x	-81.6x
CAC Nantong Chemical Co	$1.9B	n/a	n/a
Ecovyst	$1.9B	2.6x	10.2x
K+S	$1.9B	0.4x	2.6x
Verbio	$1.7B	0.9x	27.8x
Saudi Chemical	$1.7B	n/a	n/a
Alzchem Group	$1.7B	2.5x	12.7x
Innospec	$1.7B	1.0x	8.7x
Industrie De Nora	$1.7B	1.6x	8.4x
Stepan	$1.7B	0.7x	7.7x
Koppers Holdings	$1.5B	0.8x	6.0x
Unipar Carbocloro	$1.5B	1.6x	6.9x
Vardhman	$1.5B	1.3x	9.8x
CVR Partners	$1.4B	2.7x	n/a
Elementis	$1.4B	2.4x	9.5x
CropEnergies	$1.4B	n/a	n/a
Aksa Akrilik Kimya	$1.4B	1.6x	12.4x
Orion	$1.3B	0.7x	5.5x
Cydsa	$1.2B	1.3x	5.1x
Kronos Worldwide	$1.1B	0.6x	18.7x
Cosmo Advanced Materials	$1.1B	3.5x	74.3x
Arvind	$1.1B	1.1x	10.8x
Synthomer	$1.1B	0.4x	5.6x
Westlake Chemical	$1.0B	0.9x	2.4x
Redox	$1.0B	1.2x	12.1x
Green Plains	$959M	0.4x	12.8x
LSB Industries	$944M	1.6x	6.2x
AdvanSix	$843M	0.6x	5.5x
Valhi	$830M	0.4x	n/a
Potasios De Chile	$714M	n/a	n/a
Chimcomplex SA Borzesti	$708M	n/a	n/a
Explosifs et Produits	$681M	1.1x	8.1x
ASP Isotopes	$661M	83.2x	n/a
SP Group	$656M	1.4x	7.3x
Gevo	$619M	3.9x	42.6x
Gujarat State Fertilizers & Chemicals	$615M	n/a	n/a
Boryszew	$611M	n/a	n/a
SGL Carbon	$565M	0.5x	3.8x
Natac Natural Ingredients	$524M	8.2x	26.7x
Exel Industries	$518M	0.4x	6.0x
Aspo	$498M	0.7x	6.5x
PCC Rokita	$466M	0.8x	5.4x
Aemetis	$438M	2.0x	-19.0x
Alujain	$414M	1.2x	9.6x
Itafos	$407M	0.7x	2.5x
Uzin Utz	$395M	0.7x	5.2x
Selena FM	$379M	n/a	n/a
Oxiquim	$377M	n/a	n/a
Avantium	$366M	11.1x	-9.4x
Fabryka Farb I Lakierow	$333M	1.5x	8.3x
Bioceres Crop Solutions	$328M	1.0x	8.1x
Alto Ingredients	$325M	0.4x	13.3x
Creta Plastics	$318M	n/a	n/a
Intrepid Potash	$306M	1.2x	5.3x
American Vanguard	$297M	0.5x	7.4x
H&R GmbH & Co	$291M	0.2x	3.1x
Cinkarna Celje	$277M	n/a	n/a
Messer Tehnogas	$264M	n/a	n/a
Flugger Group	$223M	0.6x	5.1x
Hudson Technologies	$215M	0.9x	7.0x
DGL Group	$203M	0.6x	5.8x
Delta Giri Wacana	$195M	n/a	n/a
Lhyfe	$190M	15.3x	-6.0x
PCC Exol	$184M	n/a	n/a
Daios Plastic	$180M	n/a	n/a
Grupo Pochteca SAB de	$180M	n/a	n/a
XRF Scientific	$179M	4.2x	15.4x
NL Industries	$177M	1.2x	n/a
Carbios	$176M	216.2x	-5.9x
Gurit Holding	$168M	0.4x	-3.8x
Dexxos Participacoes	$152M	0.4x	3.1x
Nabaltec	$144M	0.6x	4.0x
Sulnox Group	$143M	n/a	n/a
Solar Foods	$142M	106.1x	-60.9x
Masterflex	$142M	1.2x	6.2x
IBU-tec adv materials	$116M	2.2x	20.1x
Baikowski	$105M	n/a	n/a
Amoeba	$102M	250.0x	-15.4x
eXoZymes	$101M	n/a	n/a
Arla Plast	$99.5M	n/a	n/a
Afyren	$89.0M	23.6x	-13.7x
H2APEX Group	$85.3M	7.4x	-2.5x
Exel Composites	$85.3M	0.7x	8.7x
Himsnab Bulgaria	$79.7M	n/a	n/a
Holland	$78.9M	n/a	n/a
Northern Technologies	$78.8M	0.9x	n/a
5E Advanced Materials	$76.8M	n/a	n/a
KGL	$61.0M	n/a	n/a
I-Tech	$60.1M	3.2x	10.8x
Magis	$59.9M	0.7x	6.1x
Industrie Chimiche	$55.1M	0.6x	5.1x
BRAIN Biotech	$54.6M	0.8x	13.9x
Green Oleo	$43.7M	0.5x	18.9x
Loop Industries	$43.4M	12.9x	-4.0x
Hub Tech	$39.6M	n/a	n/a
Melamin	$34.8M	n/a	n/a
Polygiene Group	$32.6M	1.9x	21.5x
Lordos United Public	$28.9M	n/a	n/a
OrganoClick	$28.6M	2.4x	-154.8x
Cropmate	$26.9M	n/a	n/a
Neochim	$25.3M	n/a	n/a
Nexam Chemical Holding	$24.8M	1.0x	9.6x
Vinpai	$24.1M	2.2x	-11.1x
Hyenergy	$21.8M	n/a	n/a
Carbochim	$20.3M	n/a	n/a
Hove	$18.4M	n/a	n/a
Plasticos Compuestos	$17.7M	n/a	n/a
Onesano	$14.0M	n/a	n/a
aXichem	$13.4M	n/a	n/a
Polwax	$13.3M	n/a	n/a
Serstech	$11.4M	2.3x	-6.1x
Sinteza	$8.9M	n/a	n/a
Suntrade Group	$8.5M	n/a	n/a
Directa Plus	$8.3M	0.9x	-2.9x
EcoRub	$6.4M	5.0x	-6.9x
Prymus	$6.3M	n/a	n/a
Encres Dubuit	$5.5M	n/a	n/a
Prebona	$5.2M	n/a	n/a
Tribox Group	$4.3M	n/a	n/a
Cyclezyme	$3.9M	n/a	n/a
Nattaro Labs	$3.9M	n/a	n/a
Svenska Aerogel Holding	$3.2M	n/a	n/a
SZAR	$3.1M	n/a	n/a
Biofrigas Sweden	$2.8M	n/a	n/a
XP Chemistries	$2.0M	45.2x	-2.1x
Krakchemia	$1.9M	n/a	n/a
Bergen Carbon Solns	$1.8M	n/a	-0.4x
POLYDUCT Plastic	$1.5M	n/a	n/a
Global Bioenergies	$1.3M	3.8x	-0.1x
Black Point	$0.9M	n/a	n/a
Polymer Factory Sweden	$0.8M	n/a	n/a
Recyctec Holding	$0.7M	n/a	n/a
OCI	-$164M	-0.1x	-4.0x