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	$243B	7.3x	18.4x
Sherwin-Williams	$102B	4.4x	22.7x
Ecolab	$85.0B	5.3x	22.6x
Air Products	$81.0B	6.7x	16.0x
BASF	$71.7B	1.0x	8.2x
Shin-Etsu	$48.7B	2.8x	7.5x
Saudi Basic Industries	$47.1B	1.3x	9.2x
Chandra Asri Group	$43.6B	8.6x	2626.8x
Wanhua Chemical	$43.4B	1.6x	9.5x
Sika	$42.9B	3.0x	15.4x
Nutrien	$39.9B	1.5x	6.8x
DuPont	$37.1B	2.9x	11.3x
Hengli Petrochemical	$34.8B	1.1x	9.9x
Dow	$33.0B	0.8x	8.4x
Novonesis	$32.6B	6.9x	18.7x
PPG	$31.1B	2.0x	10.8x
LG Chem	$31.0B	0.9x	6.6x
LyondellBasell Industries	$29.5B	0.9x	8.8x
DSM Firmenich	$28.0B	1.9x	10.6x
Asian Paints	$27.6B	7.0x	38.9x
Borouge	$24.3B	4.2x	10.6x
Nippon Paint Holdings	$23.3B	2.0x	11.6x
International Flavors & Fragrances	$23.1B	2.1x	10.9x
Ningxia Baofeng Energy Group	$22.1B	3.5x	10.0x
Nippon Sanso Holdings	$20.2B	2.3x	10.0x
OMV	$19.2B	0.5x	2.4x
Industries Qatar	$18.6B	4.6x	15.2x
RPM International	$18.4B	2.5x	15.4x
Celanese	$17.2B	1.7x	8.3x
Akzo Nobel	$16.7B	1.4x	9.8x
Ems-Chemie	$16.6B	6.7x	22.3x
Covestro	$16.1B	1.0x	14.6x
Symrise	$15.8B	2.7x	12.9x
CF Industries	$15.8B	2.4x	6.1x
Sociedad Química y Minera	$15.3B	n/a	n/a
Sembcorp	$14.6B	3.0x	11.0x
Westlake	$14.4B	1.2x	8.6x
Albemarle	$13.5B	2.7x	13.1x
Nitto Denko	$13.4B	2.0x	8.0x
Eastman Chemical	$12.7B	1.4x	7.8x
Evonik Industries	$12.6B	0.7x	5.4x
Yara	$12.4B	0.8x	5.1x
SABIC Agri-Nutrient	$12.2B	3.8x	10.1x
Qinghai Salt Lake Industry	$12.0B	5.3x	11.6x
Braskem	$11.4B	0.8x	10.6x
Syensqo	$11.1B	1.5x	7.2x
Axalta Coating Systems	$9.5B	1.8x	8.4x
Brenntag	$8.8B	0.5x	5.5x
NewMarket	$8.6B	3.1x	n/a
FMC	$8.5B	2.0x	9.4x
Sasol	$8.4B	0.6x	2.9x
Arkema	$8.2B	0.8x	5.0x
IMCD	$7.9B	1.4x	11.9x
Element Solutions	$7.2B	2.9x	13.4x
Ecopro	$6.8B	3.0x	-101.6x
Fertiglobe	$6.6B	2.8x	8.3x
Alfa SAB de	$6.6B	0.7x	6.2x
Orbia Advance Corp SAB	$6.4B	0.8x	5.6x
Chemours	$6.2B	1.1x	7.8x
PI Indus	$6.1B	6.5x	24.3x
Xin Feng Ming Group	$6.1B	0.6x	7.6x
Methanex	$6.0B	1.6x	7.1x
SOL	$5.9B	3.0x	11.9x
Olin	$5.8B	0.9x	7.4x
Bachem	$5.6B	6.9x	24.0x
Fuchs	$5.6B	1.4x	9.1x
Solvay	$5.6B	1.1x	5.1x
Azelis Group	$5.5B	1.1x	9.5x
Sensient Technologies	$5.4B	3.4x	19.4x
Balchem	$5.4B	5.3x	20.2x
Cabot	$5.3B	1.4x	6.5x
H.B. Fuller	$5.3B	1.5x	8.6x
Clariant	$5.2B	1.0x	6.2x
Lanxess	$5.2B	0.7x	7.9x
Avient	$4.9B	1.5x	9.0x
Dottikon ES Holding	$4.7B	n/a	n/a
Wacker Chemie	$4.6B	0.7x	5.9x
SICC	$4.2B	16.5x	84.6x
Mangalore Refinery	$4.0B	0.4x	11.6x
Huntsman	$4.0B	0.7x	12.3x
Perimeter Solutions	$3.9B	7.0x	14.2x
Luberef	$3.9B	1.6x	12.1x
Hawkins	$3.8B	3.7x	21.8x
Bluestar Adisseo	$3.8B	1.8x	8.3x
Ashland	$3.8B	2.0x	9.3x
Kemira	$3.8B	1.1x	5.9x
Tronox Holdings	$3.7B	1.2x	8.0x
Calumet	$3.7B	0.9x	15.4x
Alok Indus	$3.6B	n/a	n/a
Hexpol	$3.5B	1.7x	9.2x
Ingevity	$3.4B	2.6x	8.9x
Quaker Houghton	$3.2B	1.7x	10.5x
WD-40	$2.9B	4.8x	26.3x
POCO Holdings Co.	$2.9B	11.0x	34.8x
Alpek	$2.9B	0.4x	4.6x
Enaex	$2.9B	n/a	n/a
Grupa Azoty	$2.8B	0.8x	-536.9x
Controladora Alpek	$2.7B	n/a	n/a
Solvac	$2.5B	n/a	n/a
Trinseo	$2.5B	0.7x	12.4x
Elkem	$2.4B	0.8x	7.2x
Shanghai Petrochemical	$2.3B	0.2x	7.4x
Borregaard	$2.2B	2.9x	11.6x
Zeon	$2.2B	0.8x	6.7x
Sao Martinho	$2.1B	1.6x	3.2x
Robertet	$2.1B	2.1x	11.1x
Innospec	$1.9B	1.1x	9.1x
Ecovyst	$1.9B	2.4x	7.6x
Stepan	$1.7B	0.8x	8.3x
K+S	$1.7B	0.4x	2.4x
Alzchem Group	$1.6B	2.5x	12.5x
Koppers Holdings	$1.6B	0.8x	6.2x
Orion	$1.6B	0.8x	5.5x
Industrie De Nora	$1.5B	1.5x	8.5x
Unipar Carbocloro	$1.5B	1.5x	6.8x
Vardhman	$1.4B	1.2x	9.3x
Elementis	$1.4B	2.1x	9.8x
CVR Partners	$1.4B	2.7x	n/a
CropEnergies	$1.4B	n/a	n/a
Kronos Worldwide	$1.3B	0.7x	9.3x
Green Plains	$1.2B	0.5x	34.2x
Westlake Chemical	$1.1B	1.0x	2.5x
Cydsa	$1.1B	1.3x	4.9x
Cosmo Advanced Materials	$1.1B	2.8x	48.9x
Arvind	$1.0B	1.0x	10.3x
Verbio	$995M	0.5x	22.3x
LSB Industries	$963M	1.7x	7.2x
AdvanSix	$923M	0.6x	6.5x
Valhi	$912M	0.4x	n/a
ASP Isotopes	$831M	51.9x	n/a
Chimcomplex SA Borzesti	$784M	n/a	n/a
Gujarat State Fertilizers & Chemicals	$761M	n/a	n/a
SGL Carbon	$586M	0.5x	3.8x
Explosifs et Produits	$566M	1.0x	7.7x
Natac Natural Ingredients	$561M	10.6x	35.6x
SP Group	$547M	1.2x	6.0x
Boryszew	$543M	n/a	n/a
Potasios De Chile	$537M	n/a	n/a
Gevo	$530M	5.2x	-34.3x
Exel Industries	$513M	0.4x	6.2x
Aemetis	$499M	1.8x	-56.4x
PCC Rokita	$484M	0.9x	5.7x
Aspo	$471M	0.7x	6.3x
Bioceres Crop Solutions	$408M	1.1x	7.4x
Uzin Utz	$400M	0.7x	5.4x
Itafos	$398M	0.7x	2.4x
Hudson Technologies	$370M	1.5x	10.9x
Creta Plastics	$360M	n/a	n/a
American Vanguard	$348M	0.6x	8.6x
Oxiquim	$340M	n/a	n/a
Fabryka Farb I Lakierow	$334M	1.5x	8.5x
Intrepid Potash	$323M	1.3x	6.5x
H&R GmbH & Co	$314M	0.2x	3.1x
Cinkarna Celje	$294M	n/a	n/a
Avantium	$284M	7.3x	-7.0x
Selena FM	$256M	n/a	n/a
Flugger Group	$246M	n/a	n/a
Delta Giri Wacana	$212M	n/a	n/a
NL Industries	$211M	1.4x	n/a
PCC Exol	$204M	n/a	n/a
Alto Ingredients	$196M	0.2x	85.8x
Lhyfe	$186M	7.3x	-6.9x
Gurit Holding	$177M	0.4x	4.5x
Grupo Pochteca SAB de	$166M	n/a	n/a
Solar Foods	$165M	180.3x	-193.0x
Dexxos Participacoes	$158M	0.4x	3.2x
Daios Plastic	$156M	n/a	n/a
Masterflex	$144M	1.2x	6.7x
Nabaltec	$141M	0.6x	3.9x
Carbios	$132M	33.7x	-4.2x
Arla Plast	$125M	n/a	n/a
I-Tech	$101M	5.1x	15.5x
H2APEX Group	$96.3M	6.0x	-4.4x
Baikowski	$95.1M	n/a	n/a
Amoeba	$84.7M	309.1x	-13.6x
Holland	$81.9M	n/a	n/a
Exel Composites	$78.7M	0.6x	8.5x
eXoZymes	$75.7M	n/a	n/a
5E Advanced Materials	$74.8M	n/a	n/a
Northern Technologies	$72.9M	0.9x	n/a
Loop Industries	$66.9M	10.0x	-6.3x
IBU-tec adv materials	$63.9M	1.1x	55.1x
KGL	$61.6M	n/a	n/a
Magis	$61.1M	0.7x	4.2x
Industrie Chimiche	$50.9M	0.6x	4.9x
BRAIN Biotech	$46.1M	0.7x	13.4x
Green Oleo	$43.9M	0.5x	12.6x
Hub Tech	$42.9M	n/a	n/a
Afyren	$41.9M	11.7x	-6.4x
Melamin	$34.3M	n/a	n/a
Nexam Chemical Holding	$32.3M	1.5x	27.9x
Polygiene Group	$29.0M	1.8x	15.1x
Cropmate	$27.7M	n/a	n/a
Lordos United Public	$27.5M	n/a	n/a
OrganoClick	$25.5M	2.0x	71.8x
aXichem	$21.9M	n/a	n/a
Vinpai	$21.6M	2.0x	-10.1x
Hyenergy	$21.3M	n/a	n/a
Plasticos Compuestos	$21.0M	n/a	n/a
Suntrade Group	$18.7M	n/a	n/a
Polwax	$17.7M	n/a	n/a
Hove	$17.0M	n/a	n/a
Onesano	$16.5M	n/a	n/a
Sinteza	$12.3M	n/a	n/a
Directa Plus	$11.6M	1.1x	-4.4x
Serstech	$9.2M	2.0x	-5.7x
Prymus	$7.2M	n/a	n/a
Cyclezyme	$5.7M	n/a	n/a
XP Chemistries	$5.7M	111.0x	-7.5x
Prebona	$5.6M	n/a	n/a
Triboron International	$5.3M	n/a	n/a
EcoRub	$5.0M	2.7x	-9.4x
Svenska Aerogel Holding	$4.5M	n/a	n/a
Encres Dubuit	$3.3M	n/a	n/a
SZAR	$3.1M	n/a	n/a
Bergen Carbon Solns	$2.4M	18.4x	-0.6x
Krakchemia	$2.2M	n/a	n/a
Biofrigas Sweden	$1.9M	n/a	n/a
Recyctec Holding	$1.7M	n/a	n/a
Nattaro Labs	$1.7M	n/a	n/a
Global Bioenergies	$1.6M	4.5x	-0.1x
Black Point	$1.1M	n/a	n/a
Polymer Factory Sweden	$1.1M	n/a	n/a
POLYDUCT Plastic	$1.0M	n/a	n/a
Neochim	-$5.0M	n/a	n/a
OCI	-$60.3M	-0.0x	-1.7x