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	$229B	6.8x	17.1x
Sherwin-Williams	$97.9B	4.2x	21.6x
Ecolab	$83.8B	5.2x	21.7x
Air Products	$75.3B	6.2x	14.5x
BASF	$70.6B	1.0x	8.6x
Shin-Etsu	$52.8B	3.2x	8.9x
Wanhua Chemical	$47.6B	1.7x	9.9x
Rongsheng Petro Chemical	$43.8B	1.0x	8.2x
Nutrien	$42.6B	1.6x	6.9x
Hengli Petrochemical	$41.0B	1.2x	11.5x
Saudi Basic Industries	$40.6B	1.1x	8.2x
Sika	$40.3B	2.8x	15.0x
Chandra Asri Group	$35.8B	5.5x	5141.3x
Dow	$33.7B	0.8x	10.6x
LG Chem	$33.3B	1.1x	6.9x
Novonesis	$33.1B	6.8x	18.3x
PPG	$30.1B	1.9x	10.9x
Asian Paints	$29.8B	7.6x	41.6x
Eternal Ltd	$28.2B	5.7x	243.0x
LyondellBasell Industries	$27.1B	0.9x	10.3x
DuPont	$25.3B	3.7x	11.7x
Ningxia Baofeng Energy Group	$25.0B	3.4x	9.6x
Borouge	$24.1B	4.3x	11.4x
International Flavors & Fragrances	$23.8B	2.2x	11.4x
Sociedad Química y Minera	$23.7B	n/a	n/a
Albemarle	$23.0B	4.5x	22.0x
DSM-Firmenich	$22.6B	1.5x	8.6x
Nippon Paint Holdings	$21.7B	1.9x	10.8x
Qinghai Salt Lake Industry	$20.7B	8.6x	18.2x
OMV	$20.1B	0.6x	2.6x
Nippon Sanso Holdings	$18.2B	2.1x	9.2x
Industries Qatar	$17.5B	4.1x	13.3x
RPM International	$16.8B	2.2x	13.7x
Celanese	$16.8B	1.7x	8.8x
Akzo Nobel	$16.3B	1.4x	9.6x
Ems-Chemie	$16.0B	6.5x	21.0x
Sembcorp	$14.5B	3.0x	11.9x
CF Industries	$14.4B	2.1x	5.1x
Westlake	$13.9B	1.2x	12.9x
Symrise	$13.7B	2.4x	11.1x
Nitto Denko	$13.6B	2.1x	8.5x
Yara	$13.3B	0.9x	4.9x
Eastman Chemical	$12.4B	1.4x	8.5x
Rabigh Refining	$12.2B	1.3x	-1168.7x
Braskem	$11.5B	0.9x	18.0x
SABIC Agri-Nutrient	$10.9B	3.1x	8.1x
Evonik Industries	$10.8B	0.7x	4.9x
Syensqo	$10.3B	1.4x	7.1x
Ecopro	$10.2B	4.0x	62.5x
Axalta Coating Systems	$9.7B	1.9x	8.5x
Orica	$9.7B	1.8x	9.5x
ICL Group	$9.4B	4.2x	20.2x
Sasol	$8.4B	0.6x	3.0x
Brenntag	$8.2B	0.5x	5.4x
Element Solutions	$7.8B	3.1x	14.3x
NewMarket	$7.6B	n/a	n/a
Xin Feng Ming Group	$7.4B	0.7x	9.1x
Arkema	$7.3B	0.7x	4.9x
Methanex	$6.8B	1.9x	7.9x
IMCD	$6.7B	1.2x	10.3x
Fertiglobe	$6.7B	2.5x	7.0x
Orbia Advance Corp SAB	$6.6B	0.9x	6.0x
Dottikon ES Holding	$6.2B	n/a	n/a
Chemours	$5.9B	1.0x	7.9x
FMC	$5.9B	1.5x	7.0x
Olin	$5.9B	0.9x	8.4x
SICC	$5.8B	26.0x	136.2x
Croda International	$5.8B	2.5x	11.0x
Bachem	$5.8B	6.7x	23.4x
SOL	$5.6B	2.7x	10.8x
H.B. Fuller	$5.5B	1.6x	8.9x
Solvay	$5.4B	1.0x	5.3x
Balchem	$5.3B	5.1x	19.3x
Fuchs	$5.2B	1.3x	8.5x
Clariant	$5.0B	1.0x	5.9x
PI Indus	$5.0B	5.7x	21.2x
Dyno Nobel	$5.0B	1.5x	7.3x
Wacker Chemie	$4.9B	0.8x	7.4x
Sensient Technologies	$4.8B	3.0x	16.4x
Cabot	$4.8B	1.3x	6.0x
Perimeter Solutions	$4.8B	7.4x	14.4x
Avient	$4.7B	1.4x	8.6x
Lanxess	$4.5B	0.7x	7.6x
Azelis Group	$4.5B	0.9x	8.1x
Luberef	$4.4B	2.0x	14.5x
Advanced Petrochemical	$4.3B	4.6x	19.0x
Saudi Kayan Petrochemical	$4.2B	1.8x	14.9x
Bluestar Adisseo	$4.1B	1.7x	8.4x
Ashland	$4.1B	2.2x	10.2x
Tronox Holdings	$4.1B	1.4x	11.7x
Huntsman	$4.0B	0.7x	14.7x
Calumet	$3.9B	1.0x	13.0x
Kemira	$3.9B	1.2x	6.3x
Mangalore Refinery	$3.8B	0.4x	9.1x
Alok Indus	$3.8B	n/a	n/a
Hexpol	$3.7B	1.7x	9.5x
Enaex	$3.6B	n/a	n/a
Hawkins	$3.6B	3.4x	19.7x
Ingevity	$3.5B	2.8x	9.0x
Quaker Houghton	$3.3B	1.8x	11.1x
Yansab	$3.2B	2.2x	10.2x
Sahara International	$3.2B	1.8x	13.1x
POCO Holdings Co.	$3.2B	12.0x	36.0x
Alpek	$2.9B	0.4x	5.1x
Gubre Fabrikalari	$2.9B	n/a	n/a
Elkem	$2.8B	0.9x	9.2x
Grupa Azoty	$2.8B	0.7x	46.9x
WD-40	$2.6B	4.2x	22.0x
Turpaz Industries	$2.5B	n/a	n/a
National Industralization	$2.5B	2.8x	-13.8x
Trinseo	$2.5B	0.7x	14.7x
Shanghai Petrochemical	$2.4B	0.2x	10.5x
Robertet	$2.2B	2.3x	11.7x
Solvac	$2.2B	n/a	n/a
Shanghai C and D Innostic	$2.1B	0.8x	n/a
Borregaard	$2.1B	2.8x	11.4x
Saudi Industrial Inv	$2.0B	n/a	184.9x
Zeon	$2.0B	0.8x	6.6x
Ecovyst	$2.0B	2.7x	10.9x
Sao Martinho	$2.0B	1.4x	3.0x
CAC Nantong Chemical Co	$2.0B	2.7x	n/a
Petkim Petrokimya Holding	$2.0B	0.9x	-81.3x
Verbio	$1.9B	1.0x	30.3x
Alzchem Group	$1.9B	2.8x	14.1x
K+S	$1.9B	0.4x	2.6x
Saudi Chemical	$1.8B	n/a	n/a
Innospec	$1.8B	1.0x	9.0x
Stepan	$1.7B	0.7x	8.1x
Industrie De Nora	$1.7B	1.6x	8.6x
CVR Partners	$1.6B	n/a	n/a
Koppers Holdings	$1.5B	0.8x	6.1x
Unipar Carbocloro	$1.5B	1.6x	7.0x
Elementis	$1.4B	2.4x	9.7x
CropEnergies	$1.4B	n/a	n/a
Aksa Akrilik Kimya	$1.4B	1.6x	12.3x
Vardhman	$1.3B	1.2x	9.1x
Orion	$1.3B	0.7x	5.7x
Kronos Worldwide	$1.2B	0.7x	20.9x
Cydsa	$1.2B	1.3x	5.1x
Redox	$1.1B	1.2x	13.0x
Westlake Chemical	$1.1B	0.9x	2.5x
Synthomer	$1.1B	0.4x	5.7x
Cosmo Advanced Materials	$1.0B	3.1x	67.0x
Arvind	$1.0B	1.0x	10.3x
LSB Industries	$1.0B	1.7x	6.6x
Green Plains	$996M	0.5x	13.1x
Valhi	$881M	n/a	n/a
AdvanSix	$880M	0.6x	5.7x
Potasios De Chile	$815M	n/a	n/a
ASP Isotopes	$805M	100.6x	-22.2x
Chimcomplex SA Borzesti	$727M	n/a	n/a
SP Group	$678M	1.5x	7.7x
Explosifs et Produits	$674M	1.1x	8.1x
Gujarat State Fertilizers & Chemicals	$612M	n/a	n/a
SGL Carbon	$596M	0.6x	4.0x
Boryszew	$591M	n/a	n/a
Gevo	$577M	3.6x	37.1x
Aspo	$513M	0.8x	6.8x
PCC Rokita	$513M	0.9x	5.9x
Natac Natural Ingredients	$506M	8.0x	25.9x
Exel Industries	$500M	0.4x	5.9x
Aemetis	$453M	2.1x	-19.6x
Itafos	$421M	0.8x	2.6x
Selena FM	$402M	0.8x	6.6x
Uzin Utz	$394M	0.7x	5.3x
Oxiquim	$383M	n/a	n/a
Avantium	$372M	12.9x	-9.7x
Fabryka Farb I Lakierow	$355M	1.6x	8.8x
Alujain	$354M	1.0x	8.3x
Intrepid Potash	$331M	1.3x	5.6x
Bioceres Crop Solutions	$322M	1.0x	9.1x
Creta Plastics	$312M	n/a	n/a
American Vanguard	$293M	n/a	n/a
H&R GmbH & Co	$282M	0.2x	3.0x
Cinkarna Celje	$279M	1.1x	6.2x
Alto Ingredients	$273M	0.3x	10.9x
Messer Tehnogas	$265M	n/a	n/a
Flugger Group	$231M	0.6x	5.3x
Hudson Technologies	$223M	0.9x	7.2x
NL Industries	$219M	n/a	n/a
DGL Group	$203M	0.6x	5.8x
Delta Giri Wacana	$200M	n/a	n/a
XRF Scientific	$198M	4.7x	17.0x
Lhyfe	$194M	15.7x	-6.2x
PCC Exol	$186M	n/a	n/a
Grupo Pochteca SAB de	$179M	n/a	n/a
Daios Plastic	$177M	n/a	n/a
Gurit Holding	$176M	0.5x	-3.9x
Carbios	$174M	212.4x	-5.9x
Dexxos Participacoes	$161M	0.4x	3.2x
Solar Foods	$151M	112.5x	-64.7x
Nabaltec	$147M	0.6x	4.2x
Masterflex	$143M	1.2x	6.3x
H2APEX Group	$137M	12.4x	-4.0x
IBU-tec adv materials	$120M	2.3x	20.8x
Sulnox Group	$113M	n/a	n/a
Baikowski	$105M	n/a	n/a
Arla Plast	$104M	n/a	n/a
Amoeba	$99.9M	244.6x	-15.3x
Exel Composites	$94.6M	0.8x	9.6x
Northern Technologies	$89.6M	1.0x	n/a
Afyren	$87.5M	23.4x	-13.6x
5E Advanced Materials	$85.9M	n/a	n/a
Himsnab Bulgaria	$79.3M	n/a	n/a
eXoZymes	$77.2M	n/a	n/a
Holland	$76.6M	n/a	n/a
KGL	$60.5M	n/a	n/a
Magis	$60.0M	0.7x	6.3x
I-Tech	$59.9M	3.2x	10.8x
BRAIN Biotech	$56.8M	0.8x	14.6x
Industrie Chimiche	$54.5M	0.6x	5.1x
Loop Industries	$50.6M	15.6x	-4.7x
Green Oleo	$42.5M	0.5x	18.7x
Hub Tech	$40.8M	n/a	n/a
Melamin	$34.2M	n/a	n/a
Polygiene Group	$33.6M	2.0x	22.3x
OrganoClick	$29.0M	2.4x	-148.0x
Vinpai	$28.2M	n/a	n/a
Lordos United Public	$28.0M	n/a	n/a
Cropmate	$25.9M	n/a	n/a
Nexam Chemical Holding	$23.0M	0.9x	8.9x
Hove	$22.4M	n/a	n/a
Hyenergy	$21.6M	n/a	n/a
Carbochim	$19.9M	n/a	n/a
Plasticos Compuestos	$17.5M	n/a	n/a
Directa Plus	$16.7M	1.9x	-5.9x
Onesano	$15.4M	n/a	n/a
Polwax	$14.9M	n/a	n/a
aXichem	$14.7M	6.9x	-13.6x
Serstech	$12.3M	2.5x	-6.5x
Neochim	$10.0M	n/a	n/a
Suntrade Group	$9.0M	n/a	n/a
Sinteza	$9.0M	n/a	n/a
Prymus	$6.6M	n/a	n/a
EcoRub	$6.5M	n/a	n/a
Encres Dubuit	$5.5M	n/a	n/a
Prebona	$5.0M	n/a	n/a
Tribox Group	$4.5M	n/a	n/a
Bergen Carbon Solns	$3.9M	n/a	-0.9x
Cyclezyme	$3.5M	n/a	n/a
Svenska Aerogel Holding	$3.0M	n/a	n/a
SZAR	$2.5M	n/a	n/a
Biofrigas Sweden	$2.5M	n/a	n/a
Nattaro Labs	$2.4M	n/a	n/a
Krakchemia	$2.0M	n/a	n/a
XP Chemistries	$1.7M	38.3x	-1.8x
POLYDUCT Plastic	$1.4M	n/a	n/a
Global Bioenergies	$1.3M	n/a	n/a
Black Point	$1.0M	n/a	n/a
Recyctec Holding	$0.7M	n/a	n/a
Polymer Factory Sweden	$0.7M	n/a	n/a
OCI	-$162M	-0.1x	-4.0x