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	$219B	6.5x	16.5x
Sherwin-Williams	$95.7B	4.1x	21.1x
Ecolab	$80.1B	5.0x	21.0x
Air Products	$74.2B	6.1x	14.5x
BASF	$69.0B	1.0x	8.3x
Shin-Etsu	$48.1B	2.9x	7.8x
Saudi Basic Industries	$45.4B	1.2x	9.1x
Nutrien	$42.2B	1.6x	7.0x
Rongsheng Petro Chemical	$41.9B	0.9x	8.7x
Wanhua Chemical	$40.9B	1.5x	8.8x
Sika	$37.9B	2.7x	14.0x
Chandra Asri Group	$37.3B	6.3x	3617.4x
LG Chem	$37.0B	1.2x	8.1x
Hengli Petrochemical	$36.7B	1.1x	10.5x
Novonesis	$33.2B	6.9x	18.8x
Dow	$31.3B	0.8x	8.9x
Asian Paints	$31.1B	7.9x	43.6x
Eternal Ltd	$30.5B	6.9x	271.2x
PPG	$27.8B	1.8x	10.0x
LyondellBasell Industries	$26.0B	0.8x	8.8x
Ningxia Baofeng Energy Group	$24.1B	3.5x	9.9x
DSM-Firmenich	$24.1B	1.6x	9.2x
DuPont	$23.6B	3.0x	10.1x
Borouge	$23.3B	4.1x	10.6x
International Flavors & Fragrances	$22.9B	2.1x	10.9x
Nippon Paint Holdings	$21.5B	1.9x	10.8x
OMV	$20.2B	0.6x	2.6x
Industries Qatar	$19.5B	4.5x	14.7x
Nippon Sanso Holdings	$18.9B	2.2x	9.5x
Sociedad Química y Minera	$17.8B	n/a	n/a
Albemarle	$17.6B	3.5x	16.8x
Qinghai Salt Lake Industry	$16.5B	6.9x	14.6x
RPM International	$16.4B	2.2x	13.5x
Covestro	$16.1B	1.1x	16.9x
Akzo Nobel	$16.1B	1.3x	9.5x
Celanese	$16.0B	1.7x	8.2x
Nitto Denko	$15.4B	2.3x	9.5x
Ems-Chemie	$15.2B	6.3x	20.4x
Sembcorp	$14.9B	3.1x	11.4x
CF Industries	$14.8B	2.2x	5.5x
Symrise	$14.0B	2.5x	11.5x
Rabigh Refining	$12.7B	1.3x	97.8x
Yara	$12.6B	0.8x	4.8x
SABIC Agri-Nutrient	$12.1B	3.5x	9.0x
Braskem	$11.6B	0.8x	14.3x
Eastman Chemical	$11.5B	1.3x	7.5x
Westlake	$11.3B	1.0x	8.5x
Evonik Industries	$11.1B	0.7x	5.1x
Syensqo	$10.3B	1.4x	7.0x
Ecopro	$10.2B	4.1x	75.8x
ICL Group	$9.2B	4.2x	20.7x
Axalta Coating Systems	$9.0B	1.7x	7.9x
Orica	$8.7B	1.6x	8.9x
Sasol	$8.6B	0.6x	3.1x
Brenntag	$8.1B	0.5x	5.2x
NewMarket	$8.1B	2.9x	n/a
Element Solutions	$7.3B	2.9x	13.3x
Arkema	$7.2B	0.7x	4.8x
Alfa SAB de	$6.9B	0.7x	6.9x
Xin Feng Ming Group	$6.9B	0.7x	8.8x
IMCD	$6.7B	1.2x	10.3x
Orbia Advance Corp SAB	$6.7B	0.9x	6.1x
Fertiglobe	$6.5B	2.6x	7.3x
Methanex	$6.0B	1.6x	7.0x
Croda International	$6.0B	2.7x	11.7x
FMC	$5.8B	1.5x	6.8x
PI Indus	$5.7B	6.3x	23.3x
Chemours	$5.6B	1.0x	7.3x
Olin	$5.5B	0.8x	7.5x
SOL	$5.4B	2.7x	10.6x
Solvay	$5.4B	1.0x	5.3x
Fuchs	$5.3B	1.3x	8.7x
Dottikon ES Holding	$5.3B	n/a	n/a
Balchem	$5.2B	5.1x	19.2x
H.B. Fuller	$5.1B	1.5x	8.2x
Advanced Petrochemical	$5.0B	5.4x	22.9x
Dyno Nobel	$4.8B	1.4x	7.4x
Clariant	$4.8B	1.0x	5.7x
Wacker Chemie	$4.8B	0.8x	7.1x
Sensient Technologies	$4.7B	2.9x	16.0x
Azelis Group	$4.6B	1.0x	8.4x
SICC	$4.6B	19.2x	107.4x
Bachem	$4.6B	5.5x	19.3x
Saudi Kayan Petrochemical	$4.6B	2.0x	16.2x
Lanxess	$4.5B	0.7x	7.5x
Mangalore Refinery	$4.5B	0.4x	11.2x
Avient	$4.2B	1.3x	7.8x
Cabot	$4.1B	1.1x	5.2x
Perimeter Solutions	$4.1B	6.8x	13.4x
Luberef	$4.1B	1.8x	13.4x
Yansab	$4.0B	2.6x	11.7x
Alok Indus	$3.9B	n/a	n/a
Calumet	$3.8B	0.9x	14.1x
Sahara Intl	$3.8B	2.0x	12.0x
Tronox Holdings	$3.8B	1.3x	9.8x
Bluestar Adisseo	$3.8B	1.6x	7.5x
Kemira	$3.7B	1.1x	5.9x
Ashland	$3.6B	2.0x	9.0x
Huntsman	$3.4B	0.6x	11.6x
Hexpol	$3.4B	1.6x	9.0x
Enaex	$3.2B	n/a	n/a
Quaker Houghton	$3.0B	1.6x	10.0x
Ingevity	$3.0B	2.3x	7.7x
POCO Holdings Co.	$3.0B	11.2x	35.3x
Hawkins	$2.9B	2.8x	16.3x
National Industralization	$2.9B	3.1x	45.1x
Alpek	$2.9B	0.4x	4.9x
Grupa Azoty	$2.8B	0.7x	72.5x
Saudi Industrial Inv	$2.8B	n/a	137.4x
WD-40	$2.7B	4.3x	23.0x
Controladora Alpek	$2.7B	n/a	n/a
Elkem	$2.6B	0.8x	8.3x
Trinseo	$2.5B	0.7x	13.7x
Gubre Fabrikalari	$2.5B	n/a	n/a
Shanghai C and D Innostic	$2.4B	n/a	n/a
Solvac	$2.3B	n/a	n/a
Shanghai Petrochemical	$2.2B	0.2x	9.7x
Robertet	$2.2B	2.3x	11.8x
CAC Nantong Chemical Co	$2.1B	n/a	n/a
Borregaard	$2.0B	2.7x	10.9x
Saudi Chemical	$2.0B	n/a	n/a
Turpaz Industries	$2.0B	n/a	n/a
Petkim Petrokimya Holding	$2.0B	0.9x	423.1x
Sao Martinho	$2.0B	1.4x	3.0x
Zeon	$1.9B	0.7x	5.9x
Ecovyst	$1.8B	2.5x	9.1x
K+S	$1.7B	0.4x	2.5x
Innospec	$1.6B	0.9x	8.1x
Industrie De Nora	$1.6B	1.6x	8.6x
Stepan	$1.6B	0.7x	7.5x
Unipar Carbocloro	$1.6B	1.7x	7.8x
Koppers Holdings	$1.6B	0.8x	6.1x
Alzchem Group	$1.5B	2.3x	11.6x
Verbio	$1.5B	0.8x	31.7x
Vardhman	$1.5B	1.3x	10.1x
CVR Partners	$1.5B	2.8x	n/a
CropEnergies	$1.4B	n/a	n/a
Elementis	$1.3B	2.2x	8.8x
Cosmo Advanced Materials	$1.3B	3.8x	76.2x
Orion	$1.2B	0.7x	4.9x
Kronos Worldwide	$1.2B	0.6x	9.7x
Arvind	$1.2B	1.2x	11.6x
Cydsa	$1.1B	1.3x	4.8x
Aksa Akrilik Kimya	$1.1B	1.3x	9.9x
LSB Industries	$1.0B	1.8x	7.2x
Synthomer	$1.0B	0.4x	5.5x
Westlake Chemical	$1.0B	0.9x	2.3x
Green Plains	$935M	0.4x	13.7x
ASP Isotopes	$929M	94.3x	n/a
Redox	$862M	1.0x	10.6x
Valhi	$853M	0.4x	n/a
AdvanSix	$805M	0.5x	5.3x
Chimcomplex SA Borzesti	$722M	n/a	n/a
Gujarat State Fertilizers & Chemicals	$688M	n/a	n/a
Explosifs et Produits	$620M	1.0x	7.6x
Potasios De Chile	$581M	n/a	n/a
Gevo	$573M	4.6x	140.7x
Boryszew	$565M	n/a	n/a
SP Group	$534M	1.2x	5.9x
Aspo	$501M	0.7x	6.7x
Natac Natural Ingredients	$496M	8.3x	26.0x
SGL Carbon	$489M	0.5x	3.2x
PCC Rokita	$484M	0.9x	5.7x
Exel Industries	$477M	0.4x	6.0x
Aemetis	$474M	1.8x	-47.4x
Alujain	$474M	1.4x	10.1x
Itafos	$467M	0.9x	2.9x
Uzin Utz	$399M	0.7x	5.4x
Oxiquim	$360M	n/a	n/a
Bioceres Crop Solutions	$348M	1.0x	9.5x
Fabryka Farb I Lakierow	$346M	1.5x	8.9x
American Vanguard	$328M	0.6x	8.2x
Creta Plastics	$312M	n/a	n/a
H&R GmbH & Co	$310M	0.2x	3.3x
Selena FM	$298M	n/a	n/a
Intrepid Potash	$278M	1.1x	5.0x
Cinkarna Celje	$276M	n/a	n/a
Avantium	$266M	9.0x	-6.5x
Messer Tehnogas	$263M	n/a	n/a
Alto Ingredients	$245M	0.3x	11.7x
Flugger Group	$240M	0.7x	5.6x
Hudson Technologies	$212M	0.9x	6.7x
Delta Giri Wacana	$201M	n/a	n/a
Lhyfe	$198M	17.3x	-6.4x
PCC Exol	$198M	n/a	n/a
DGL Group	$196M	0.6x	5.4x
Daios Plastic	$179M	n/a	n/a
Grupo Pochteca SAB de	$173M	n/a	n/a
XRF Scientific	$167M	4.2x	15.1x
NL Industries	$166M	1.1x	n/a
Dexxos Participacoes	$163M	0.4x	3.4x
Gurit Holding	$159M	0.4x	11.0x
Solar Foods	$159M	134.1x	-155.7x
Nabaltec	$133M	0.6x	3.8x
Masterflex	$132M	1.1x	6.0x
eXoZymes	$122M	n/a	n/a
Carbios	$121M	166.3x	-4.0x
IBU-tec adv materials	$109M	2.1x	21.3x
Baikowski	$106M	n/a	n/a
H2APEX Group	$102M	9.1x	-4.1x
Arla Plast	$101M	n/a	n/a
Amoeba	$98.2M	276.7x	-15.4x
Sulnox Group	$89.4M	n/a	n/a
5E Advanced Materials	$83.2M	n/a	n/a
Northern Technologies	$80.3M	0.9x	n/a
Holland	$79.3M	n/a	n/a
Himsnab Bulgaria	$78.2M	n/a	n/a
Exel Composites	$77.8M	0.7x	8.5x
I-Tech	$76.2M	4.2x	13.9x
Magis	$63.2M	0.7x	6.0x
Industrie Chimiche	$54.8M	0.6x	5.2x
KGL	$54.1M	n/a	n/a
Loop Industries	$50.3M	11.5x	-4.8x
BRAIN Biotech	$50.0M	0.8x	17.1x
Hub Tech	$48.9M	n/a	n/a
Green Oleo	$42.7M	0.5x	17.4x
Afyren	$42.0M	11.5x	-6.6x
Melamin	$34.2M	n/a	n/a
Lordos United Public	$28.9M	n/a	n/a
Cropmate	$27.9M	n/a	n/a
Nexam Chemical Holding	$27.8M	1.3x	35.9x
Polygiene Group	$27.4M	1.7x	17.5x
OrganoClick	$26.9M	2.3x	-305.3x
Vinpai	$23.4M	2.2x	-11.0x
Hyenergy	$21.3M	n/a	n/a
Hove	$20.8M	n/a	n/a
Carbochim	$20.8M	n/a	n/a
Plasticos Compuestos	$19.0M	n/a	n/a
Onesano	$16.3M	n/a	n/a
aXichem	$15.9M	n/a	n/a
Polwax	$15.8M	n/a	n/a
Serstech	$13.8M	2.9x	-8.6x
Suntrade Group	$12.6M	n/a	n/a
Sinteza	$10.1M	n/a	n/a
Directa Plus	$8.7M	1.0x	-3.0x
Prymus	$6.7M	n/a	n/a
Prebona	$5.5M	n/a	n/a
Tribox Group	$5.2M	n/a	n/a
Encres Dubuit	$5.0M	n/a	n/a
XP Chemistries	$4.8M	13.8x	-6.5x
EcoRub	$4.7M	3.8x	-5.3x
Bergen Carbon Solns	$4.5M	25.9x	-1.0x
Cyclezyme	$4.3M	n/a	n/a
SZAR	$3.1M	n/a	n/a
Nattaro Labs	$2.8M	n/a	n/a
Svenska Aerogel Holding	$2.7M	n/a	n/a
Krakchemia	$2.5M	n/a	n/a
Biofrigas Sweden	$2.1M	n/a	n/a
POLYDUCT Plastic	$1.3M	n/a	n/a
Recyctec Holding	$1.3M	n/a	n/a
Global Bioenergies	$1.3M	3.8x	-0.1x
Black Point	$1.2M	n/a	n/a
Polymer Factory Sweden	$1.0M	n/a	n/a
Neochim	-$8.0M	n/a	n/a
OCI	-$56.3M	-0.0x	-1.1x