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	$247B	7.3x	18.5x
Sherwin-Williams	$104B	4.4x	23.0x
Ecolab	$92.9B	5.8x	24.1x
Air Products	$79.4B	6.5x	15.3x
BASF	$79.1B	1.1x	9.5x
Shin-Etsu	$58.0B	3.5x	9.7x
Wanhua Chemical	$50.7B	1.7x	10.4x
Rongsheng Petro Chemical	$48.6B	1.1x	9.0x
Nutrien	$47.7B	1.8x	7.6x
Saudi Basic Industries	$46.3B	1.3x	9.4x
Hengli Petrochemical	$42.8B	1.3x	11.9x
Sika	$40.1B	2.7x	14.3x
Dow	$39.1B	1.0x	12.3x
Chandra Asri Group	$37.5B	5.8x	5401.1x
PPG	$35.5B	2.3x	12.8x
LG Chem	$33.7B	1.1x	7.0x
Novonesis	$33.0B	6.6x	17.9x
LyondellBasell Industries	$30.0B	1.0x	11.3x
Ningxia Baofeng Energy Group	$28.7B	3.9x	10.9x
Eternal Ltd	$28.0B	5.7x	244.1x
International Flavors & Fragrances	$26.7B	2.5x	12.8x
Asian Paints	$24.6B	6.3x	34.8x
Borouge	$24.1B	4.3x	11.4x
Albemarle	$23.5B	4.6x	22.5x
OMV	$23.4B	0.7x	3.0x
DuPont	$23.0B	3.4x	10.6x
Sociedad Química y Minera	$23.0B	n/a	n/a
DSM-Firmenich	$22.9B	1.5x	8.5x
Qinghai Salt Lake Industry	$22.8B	9.4x	19.8x
Nippon Paint Holdings	$22.0B	1.9x	10.9x
Nippon Sanso Holdings	$19.7B	2.3x	9.9x
Ems-Chemie	$18.7B	7.3x	23.6x
Industries Qatar	$18.4B	4.3x	14.0x
Celanese	$18.2B	1.9x	9.5x
RPM International	$17.7B	2.3x	14.5x
CF Industries	$16.3B	2.3x	5.8x
Westlake	$16.1B	1.4x	14.9x
Akzo Nobel	$15.9B	1.3x	9.1x
Ecopro	$15.8B	6.3x	98.1x
Yara	$15.4B	0.9x	5.4x
Symrise	$15.1B	2.6x	12.0x
Sembcorp	$15.1B	3.0x	12.1x
Eastman Chemical	$13.7B	1.6x	9.4x
SABIC Agri-Nutrient	$13.2B	3.8x	9.8x
Nitto Denko	$13.1B	2.0x	8.2x
Rabigh Refining	$12.8B	1.4x	-1230.1x
Evonik Industries	$12.6B	0.8x	5.6x
Braskem	$12.2B	0.9x	18.3x
Syensqo	$11.6B	1.5x	7.8x
Orica	$10.1B	1.7x	9.4x
Brenntag	$9.9B	0.5x	6.4x
Axalta Coating Systems	$9.9B	1.9x	8.7x
ICL Group	$9.6B	4.1x	20.1x
Sasol	$9.6B	0.6x	3.3x
Element Solutions	$8.9B	3.5x	16.2x
Arkema	$8.5B	0.8x	5.6x
IMCD	$7.9B	1.4x	11.9x
Xin Feng Ming Group	$7.8B	0.8x	9.5x
Fertiglobe	$7.2B	2.7x	7.6x
Orbia Advance Corp SAB	$7.2B	0.9x	6.3x
Methanex	$6.9B	1.9x	8.0x
Chemours	$6.9B	1.2x	9.1x
Croda International	$6.6B	2.9x	12.4x
NewMarket	$6.5B	n/a	n/a
Bachem	$6.2B	6.9x	24.0x
Balchem	$6.0B	5.8x	21.7x
Dottikon ES Holding	$5.9B	n/a	n/a
Olin	$5.9B	0.9x	8.4x
SICC	$5.7B	25.4x	132.9x
Clariant	$5.7B	1.1x	6.4x
H.B. Fuller	$5.6B	1.6x	9.1x
Solvay	$5.6B	1.1x	5.5x
Wacker Chemie	$5.6B	0.9x	8.4x
SOL	$5.5B	2.6x	10.4x
Fuchs	$5.4B	1.3x	8.5x
Avient	$5.3B	1.6x	9.8x
FMC	$5.3B	1.3x	6.2x
Dyno Nobel	$5.1B	1.4x	7.1x
Lanxess	$5.0B	0.7x	8.3x
Cabot	$4.9B	1.3x	6.2x
PI Indus	$4.9B	5.6x	20.8x
Azelis Group	$4.7B	0.9x	8.4x
Calumet	$4.7B	1.1x	15.5x
Mangalore Refinery	$4.7B	0.5x	11.2x
Luberef	$4.7B	2.1x	15.3x
Bluestar Adisseo	$4.6B	1.9x	9.2x
Sensient Technologies	$4.6B	2.9x	15.7x
Tronox Holdings	$4.5B	1.6x	12.7x
Saudi Kayan Petrochemical	$4.4B	1.9x	16.0x
Perimeter Solutions	$4.2B	6.6x	12.9x
Kemira	$4.2B	1.3x	6.7x
Huntsman	$4.2B	0.7x	15.7x
Advanced Petrochemical	$4.2B	4.5x	18.4x
Gubre Fabrikalari	$4.1B	n/a	n/a
Ashland	$4.0B	2.2x	9.8x
Ingevity	$4.0B	3.2x	10.1x
Quaker Houghton	$3.8B	2.0x	12.7x
Enaex	$3.8B	n/a	n/a
Alok Indus	$3.7B	n/a	n/a
Yansab	$3.5B	2.3x	11.0x
WD-40	$3.4B	5.3x	28.2x
Hawkins	$3.3B	3.1x	18.3x
Hexpol	$3.3B	1.5x	8.3x
Sahara International	$3.3B	1.8x	13.5x
POCO Holdings Co.	$3.2B	12.1x	36.1x
Turpaz Industries	$3.2B	n/a	n/a
Alpek	$3.0B	0.4x	5.0x
Grupa Azoty	$2.8B	0.7x	45.7x
Shanghai Petrochemical	$2.6B	0.2x	11.5x
Elkem	$2.6B	0.8x	8.2x
National Industralization	$2.6B	2.8x	-14.1x
Trinseo	$2.5B	0.7x	14.6x
K+S	$2.4B	0.5x	3.3x
Solvac	$2.3B	n/a	n/a
Saudi Industrial Inv	$2.3B	n/a	210.8x
Zeon	$2.3B	0.8x	7.3x
Robertet	$2.2B	2.2x	11.4x
Sao Martinho	$2.2B	1.5x	3.2x
Saudi Chemical	$2.1B	n/a	n/a
Ecovyst	$2.1B	2.9x	11.6x
Stepan	$2.1B	0.9x	9.8x
Verbio	$2.1B	1.1x	32.5x
Petkim Petrokimya Holding	$2.1B	0.9x	-87.0x
CAC Nantong Chemical Co	$2.0B	2.7x	n/a
Borregaard	$2.0B	2.5x	10.2x
Shanghai C and D Innostic	$2.0B	0.7x	n/a
Innospec	$1.9B	1.1x	9.8x
Alzchem Group	$1.7B	2.5x	12.5x
Unipar Carbocloro	$1.7B	1.7x	7.4x
Koppers Holdings	$1.7B	0.9x	6.5x
Vardhman	$1.6B	1.5x	11.2x
Industrie De Nora	$1.6B	1.5x	8.1x
CVR Partners	$1.6B	n/a	n/a
Aksa Akrilik Kimya	$1.5B	1.7x	13.3x
Elementis	$1.5B	2.4x	9.7x
CropEnergies	$1.4B	n/a	n/a
Orion	$1.4B	0.8x	6.0x
Kronos Worldwide	$1.3B	0.7x	22.8x
Arvind	$1.3B	1.3x	12.9x
Cosmo Advanced Materials	$1.3B	3.9x	83.2x
Green Plains	$1.2B	0.6x	15.5x
Cydsa	$1.2B	1.3x	5.1x
Westlake Chemical	$1.1B	1.0x	2.6x
Potasios De Chile	$1.1B	n/a	n/a
LSB Industries	$1.0B	1.8x	6.9x
Synthomer	$993M	0.4x	5.1x
Redox	$967M	1.1x	11.0x
Valhi	$939M	n/a	n/a
AdvanSix	$884M	0.6x	5.7x
SGL Carbon	$793M	0.7x	5.2x
Chimcomplex SA Borzesti	$730M	n/a	n/a
Explosifs et Produits	$726M	1.1x	8.5x
SP Group	$722M	1.6x	8.0x
ASP Isotopes	$652M	81.5x	-18.0x
Gujarat State Fertilizers & Chemicals	$592M	n/a	n/a
Boryszew	$569M	n/a	n/a
Aspo	$561M	0.8x	7.2x
Gevo	$547M	3.4x	35.2x
PCC Rokita	$540M	1.0x	6.1x
Uzin Utz	$464M	0.8x	6.1x
Natac Natural Ingredients	$449M	7.0x	22.5x
Aemetis	$449M	2.1x	-19.4x
Itafos	$439M	0.8x	2.7x
Exel Industries	$434M	0.4x	5.0x
Oxiquim	$418M	n/a	n/a
Selena FM	$385M	0.8x	6.1x
Intrepid Potash	$371M	1.5x	6.3x
Alujain	$369M	1.1x	8.6x
Avantium	$369M	12.5x	-9.4x
Fabryka Farb I Lakierow	$349M	1.5x	8.4x
American Vanguard	$334M	n/a	n/a
Creta Plastics	$314M	n/a	n/a
Alto Ingredients	$294M	0.3x	11.8x
H&R GmbH & Co	$293M	0.2x	3.1x
Cinkarna Celje	$284M	1.1x	6.2x
Bioceres Crop Solutions	$279M	0.9x	7.9x
Gurit Holding	$264M	0.7x	-5.6x
Messer Tehnogas	$260M	n/a	n/a
Flugger Group	$246M	0.7x	5.6x
Hudson Technologies	$234M	1.0x	7.6x
Delta Giri Wacana	$231M	n/a	n/a
DGL Group	$214M	0.6x	5.8x
NL Industries	$206M	n/a	n/a
XRF Scientific	$194M	4.3x	15.8x
Lhyfe	$189M	15.1x	-5.9x
PCC Exol	$189M	n/a	n/a
Grupo Pochteca SAB de	$187M	n/a	n/a
Solar Foods	$174M	126.9x	-73.0x
Daios Plastic	$165M	n/a	n/a
Dexxos Participacoes	$162M	0.4x	3.1x
Carbios	$161M	193.2x	-5.3x
Masterflex	$147M	1.2x	6.4x
Nabaltec	$147M	0.6x	4.1x
Sulnox Group	$106M	n/a	n/a
H2APEX Group	$103M	9.1x	-2.9x
Exel Composites	$101M	0.8x	10.1x
Arla Plast	$99.8M	n/a	n/a
IBU-tec adv materials	$97.5M	1.8x	16.5x
Baikowski	$97.0M	n/a	n/a
Amoeba	$96.5M	231.6x	-14.5x
Afyren	$93.1M	24.4x	-14.2x
Northern Technologies	$92.5M	1.1x	n/a
5E Advanced Materials	$86.5M	n/a	n/a
eXoZymes	$82.1M	n/a	n/a
Holland	$80.6M	n/a	n/a
Magis	$63.8M	0.7x	6.6x
BRAIN Biotech	$61.4M	0.9x	15.5x
KGL	$61.1M	n/a	n/a
Loop Industries	$58.2M	17.9x	-5.4x
Industrie Chimiche	$54.6M	0.6x	5.0x
I-Tech	$51.7M	2.7x	9.0x
Green Oleo	$43.9M	0.5x	18.9x
Hub Tech	$42.6M	n/a	n/a
Melamin	$34.9M	n/a	n/a
Himsnab Bulgaria	$29.6M	n/a	n/a
Carbochim	$29.5M	n/a	n/a
Vinpai	$29.0M	n/a	n/a
Directa Plus	$28.8M	3.2x	-10.0x
Lordos United Public	$28.6M	n/a	n/a
Cropmate	$26.9M	n/a	n/a
OrganoClick	$25.8M	2.1x	-127.8x
Polygiene Group	$23.5M	1.4x	15.2x
Nexam Chemical Holding	$23.5M	0.9x	8.8x
Hove	$23.4M	n/a	n/a
Hyenergy	$22.1M	n/a	n/a
Plasticos Compuestos	$16.5M	n/a	n/a
Polwax	$15.2M	n/a	n/a
Onesano	$13.1M	n/a	n/a
Neochim	$11.1M	n/a	n/a
Serstech	$9.8M	2.0x	-5.1x
Sinteza	$9.1M	n/a	n/a
aXichem	$8.8M	4.0x	-7.9x
Suntrade Group	$8.7M	n/a	n/a
Prymus	$6.6M	n/a	n/a
Encres Dubuit	$5.8M	n/a	n/a
EcoRub	$5.5M	n/a	n/a
Tribox Group	$4.6M	n/a	n/a
Prebona	$4.4M	n/a	n/a
Cyclezyme	$3.7M	n/a	n/a
Bergen Carbon Solns	$3.6M	n/a	-0.8x
Svenska Aerogel Holding	$3.3M	n/a	n/a
SZAR	$2.9M	n/a	n/a
Nattaro Labs	$2.2M	n/a	n/a
XP Chemistries	$2.0M	43.4x	-2.0x
Biofrigas Sweden	$2.0M	n/a	n/a
Krakchemia	$1.8M	n/a	n/a
POLYDUCT Plastic	$1.4M	n/a	n/a
Black Point	$1.1M	n/a	n/a
Polymer Factory Sweden	$0.9M	n/a	n/a
Recyctec Holding	$0.8M	n/a	n/a
OCI	-$9.5M	-0.0x	-0.2x