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	$227B	6.7x	17.0x
Sherwin-Williams	$102B	4.3x	22.5x
Ecolab	$85.4B	5.3x	22.1x
Air Products	$76.1B	6.3x	14.7x
BASF	$72.6B	1.0x	8.9x
Shin-Etsu	$59.7B	3.7x	10.1x
Wanhua Chemical	$47.3B	1.7x	9.8x
Nutrien	$45.8B	1.7x	7.5x
Saudi Basic Industries	$44.2B	1.2x	8.9x
Rongsheng Petro Chemical	$43.9B	1.0x	8.3x
Hengli Petrochemical	$41.2B	1.3x	11.6x
Sika	$37.3B	2.6x	13.9x
Chandra Asri Group	$35.5B	5.5x	5105.2x
Dow	$34.6B	0.9x	10.8x
LG Chem	$34.4B	1.1x	7.1x
Novonesis	$34.0B	7.0x	18.8x
PPG	$30.7B	2.0x	11.1x
Asian Paints	$29.0B	7.4x	40.6x
Eternal Ltd	$28.5B	5.8x	246.2x
LyondellBasell Industries	$27.8B	0.9x	10.5x
Ningxia Baofeng Energy Group	$26.1B	3.6x	10.0x
Sociedad Química y Minera	$25.0B	n/a	n/a
DuPont	$24.9B	3.6x	11.5x
International Flavors & Fragrances	$24.4B	2.3x	11.7x
Borouge	$24.0B	4.3x	11.3x
Albemarle	$23.2B	4.6x	22.2x
DSM-Firmenich	$23.1B	1.6x	8.7x
Qinghai Salt Lake Industry	$22.1B	9.2x	19.4x
Nippon Paint Holdings	$21.4B	1.9x	10.7x
OMV	$20.3B	0.6x	2.6x
Nippon Sanso Holdings	$18.1B	2.1x	9.2x
Industries Qatar	$17.6B	4.1x	13.4x
Ems-Chemie	$17.2B	7.0x	22.6x
Celanese	$16.9B	1.8x	8.9x
RPM International	$16.8B	2.2x	13.7x
Akzo Nobel	$16.6B	1.4x	9.7x
CF Industries	$15.1B	2.2x	5.4x
Sembcorp	$14.7B	3.0x	12.0x
Symrise	$14.5B	2.5x	11.7x
Westlake	$14.5B	1.3x	13.5x
Nitto Denko	$14.3B	2.2x	8.9x
Yara	$13.9B	0.9x	5.1x
Eastman Chemical	$12.4B	1.4x	8.5x
Rabigh Refining	$12.3B	1.3x	-1180.6x
SABIC Agri-Nutrient	$12.1B	3.5x	9.0x
Braskem	$11.7B	0.9x	18.1x
Evonik Industries	$11.0B	0.7x	5.0x
Syensqo	$10.7B	1.5x	7.3x
Ecopro	$10.6B	4.2x	65.1x
Axalta Coating Systems	$10.0B	1.9x	8.7x
Orica	$9.7B	1.8x	9.5x
ICL Group	$9.1B	4.0x	19.5x
Sasol	$9.0B	0.6x	3.2x
Brenntag	$8.8B	0.5x	5.7x
Element Solutions	$8.2B	3.3x	14.9x
Xin Feng Ming Group	$7.5B	0.8x	9.3x
Arkema	$7.4B	0.7x	5.0x
IMCD	$7.0B	1.2x	10.7x
SICC	$7.0B	31.2x	163.4x
NewMarket	$6.8B	n/a	n/a
Methanex	$6.8B	1.8x	7.9x
Orbia Advance Corp SAB	$6.7B	0.9x	6.1x
Fertiglobe	$6.6B	2.5x	6.9x
Dottikon ES Holding	$6.2B	n/a	n/a
Chemours	$6.1B	1.1x	8.1x
Bachem	$6.1B	7.1x	24.8x
Croda International	$6.0B	2.6x	11.4x
FMC	$6.0B	1.5x	7.0x
SOL	$5.9B	2.8x	11.3x
Olin	$5.8B	0.9x	8.3x
Balchem	$5.6B	5.4x	20.3x
Fuchs	$5.5B	1.3x	8.9x
Solvay	$5.4B	1.0x	5.4x
H.B. Fuller	$5.2B	1.5x	8.4x
PI Indus	$5.1B	5.9x	21.6x
Wacker Chemie	$5.1B	0.8x	7.7x
Dyno Nobel	$5.0B	1.5x	7.4x
Clariant	$5.0B	1.0x	5.9x
Sensient Technologies	$4.8B	3.0x	16.3x
Avient	$4.8B	1.5x	8.8x
Cabot	$4.7B	1.3x	6.0x
Lanxess	$4.6B	0.7x	7.8x
Perimeter Solutions	$4.6B	7.2x	14.0x
Luberef	$4.5B	2.1x	14.6x
Azelis Group	$4.4B	0.9x	8.1x
Advanced Petrochemical	$4.3B	4.6x	18.9x
Saudi Kayan Petrochemical	$4.2B	1.8x	15.1x
Ashland	$4.2B	2.3x	10.3x
Tronox Holdings	$4.1B	1.4x	11.7x
Bluestar Adisseo	$4.1B	1.7x	8.2x
Mangalore Refinery	$4.1B	0.4x	9.6x
Huntsman	$4.0B	0.7x	14.8x
Calumet	$4.0B	1.0x	13.1x
Kemira	$3.9B	1.2x	6.3x
Alok Indus	$3.7B	n/a	n/a
Enaex	$3.7B	n/a	n/a
Hexpol	$3.7B	1.7x	9.5x
Ingevity	$3.6B	2.9x	9.1x
Quaker Houghton	$3.5B	1.8x	11.5x
Hawkins	$3.5B	3.3x	19.0x
Yansab	$3.4B	2.2x	10.6x
POCO Holdings Co.	$3.3B	12.5x	37.5x
Sahara International	$3.3B	1.8x	13.3x
Alpek	$2.9B	0.4x	5.1x
Gubre Fabrikalari	$2.8B	n/a	n/a
WD-40	$2.8B	4.5x	23.7x
Elkem	$2.8B	0.9x	9.2x
Grupa Azoty	$2.8B	0.7x	47.0x
Turpaz Industries	$2.7B	n/a	n/a
National Industralization	$2.5B	2.8x	-13.9x
Trinseo	$2.5B	0.7x	14.6x
Solvac	$2.4B	n/a	n/a
Robertet	$2.3B	2.3x	12.0x
Shanghai Petrochemical	$2.3B	0.2x	10.2x
Verbio	$2.2B	1.1x	34.9x
Shanghai C and D Innostic	$2.2B	0.8x	n/a
K+S	$2.2B	0.5x	3.0x
Borregaard	$2.2B	2.9x	11.5x
Zeon	$2.1B	0.8x	7.0x
Sao Martinho	$2.1B	1.5x	3.1x
Ecovyst	$2.0B	2.7x	11.0x
CAC Nantong Chemical Co	$2.0B	2.8x	n/a
Saudi Industrial Inv	$2.0B	n/a	182.6x
Petkim Petrokimya Holding	$2.0B	0.9x	-82.4x
Saudi Chemical	$1.9B	n/a	n/a
Alzchem Group	$1.8B	2.8x	13.7x
Innospec	$1.8B	1.0x	9.0x
Stepan	$1.8B	0.7x	8.2x
Industrie De Nora	$1.7B	1.7x	8.9x
CVR Partners	$1.6B	n/a	n/a
Koppers Holdings	$1.6B	0.8x	6.1x
Unipar Carbocloro	$1.5B	1.6x	7.0x
Elementis	$1.5B	2.5x	9.9x
Aksa Akrilik Kimya	$1.4B	1.6x	12.5x
CropEnergies	$1.4B	n/a	n/a
Vardhman	$1.4B	1.2x	9.2x
Orion	$1.3B	0.8x	5.8x
Kronos Worldwide	$1.2B	0.7x	21.1x
Cydsa	$1.2B	1.2x	5.0x
Redox	$1.1B	1.3x	13.3x
Westlake Chemical	$1.1B	0.9x	2.5x
Synthomer	$1.1B	0.4x	5.7x
Green Plains	$1.1B	0.5x	14.1x
Cosmo Advanced Materials	$1.1B	3.2x	69.6x
Arvind	$1.0B	1.0x	10.4x
Potasios De Chile	$1.0B	n/a	n/a
LSB Industries	$1.0B	1.7x	6.7x
ASP Isotopes	$968M	121.0x	-26.7x
Valhi	$891M	n/a	n/a
AdvanSix	$840M	0.6x	5.4x
Chimcomplex SA Borzesti	$727M	n/a	n/a
SP Group	$721M	1.6x	8.2x
Explosifs et Produits	$675M	1.1x	8.1x
SGL Carbon	$654M	0.6x	4.4x
Gujarat State Fertilizers & Chemicals	$598M	n/a	n/a
Gevo	$582M	3.6x	37.4x
Boryszew	$581M	n/a	n/a
PCC Rokita	$525M	1.0x	6.1x
Aspo	$524M	0.8x	6.9x
Natac Natural Ingredients	$521M	8.3x	26.7x
Aemetis	$447M	2.1x	-19.3x
Itafos	$432M	0.8x	2.7x
Exel Industries	$422M	0.4x	4.9x
Uzin Utz	$397M	0.7x	5.3x
Selena FM	$394M	0.8x	6.4x
Oxiquim	$383M	n/a	n/a
Avantium	$382M	13.2x	-9.9x
Intrepid Potash	$373M	1.5x	6.4x
Alujain	$359M	1.0x	8.4x
Fabryka Farb I Lakierow	$344M	1.5x	8.6x
Bioceres Crop Solutions	$324M	1.0x	9.1x
Creta Plastics	$312M	n/a	n/a
American Vanguard	$306M	n/a	n/a
Alto Ingredients	$296M	0.3x	11.8x
H&R GmbH & Co	$291M	0.2x	3.1x
Cinkarna Celje	$281M	1.1x	6.2x
Messer Tehnogas	$262M	n/a	n/a
Hudson Technologies	$238M	1.0x	7.7x
Flugger Group	$228M	0.6x	5.3x
DGL Group	$203M	0.6x	5.8x
XRF Scientific	$200M	4.7x	17.2x
Delta Giri Wacana	$199M	n/a	n/a
Lhyfe	$195M	15.8x	-6.2x
Gurit Holding	$192M	0.5x	-4.2x
NL Industries	$187M	n/a	n/a
PCC Exol	$187M	n/a	n/a
Carbios	$185M	226.9x	-6.3x
Grupo Pochteca SAB de	$179M	n/a	n/a
Daios Plastic	$175M	n/a	n/a
Solar Foods	$172M	128.4x	-73.8x
Dexxos Participacoes	$165M	0.4x	3.3x
Nabaltec	$149M	0.6x	4.2x
Masterflex	$145M	1.2x	6.4x
IBU-tec adv materials	$131M	2.5x	22.7x
H2APEX Group	$114M	10.3x	-3.3x
Sulnox Group	$113M	n/a	n/a
Arla Plast	$105M	n/a	n/a
Baikowski	$105M	n/a	n/a
Exel Composites	$98.1M	0.8x	10.0x
Amoeba	$96.2M	235.5x	-14.7x
Northern Technologies	$95.2M	1.1x	n/a
Afyren	$91.6M	24.5x	-14.3x
5E Advanced Materials	$85.9M	n/a	n/a
eXoZymes	$84.4M	n/a	n/a
Holland	$78.1M	n/a	n/a
Magis	$62.3M	0.7x	6.5x
KGL	$60.1M	n/a	n/a
I-Tech	$59.9M	3.2x	10.8x
Industrie Chimiche	$55.0M	0.6x	5.2x
Loop Industries	$53.4M	16.4x	-5.0x
BRAIN Biotech	$50.5M	0.7x	13.0x
Green Oleo	$42.2M	0.5x	18.5x
Hub Tech	$41.9M	n/a	n/a
Polygiene Group	$34.6M	2.1x	23.0x
Melamin	$34.2M	n/a	n/a
Himsnab Bulgaria	$29.6M	n/a	n/a
Vinpai	$28.3M	n/a	n/a
Lordos United Public	$28.0M	n/a	n/a
OrganoClick	$28.0M	2.4x	-142.8x
Cropmate	$26.8M	n/a	n/a
Carbochim	$26.2M	n/a	n/a
Hove	$24.6M	n/a	n/a
Nexam Chemical Holding	$23.1M	0.9x	8.9x
Hyenergy	$21.6M	n/a	n/a
Plasticos Compuestos	$17.5M	n/a	n/a
Polwax	$15.8M	n/a	n/a
Directa Plus	$15.6M	1.8x	-5.5x
Onesano	$14.2M	n/a	n/a
aXichem	$13.0M	6.1x	-12.1x
Serstech	$11.2M	2.3x	-5.9x
Neochim	$9.7M	n/a	n/a
Suntrade Group	$9.5M	n/a	n/a
Sinteza	$9.3M	n/a	n/a
EcoRub	$6.7M	n/a	n/a
Prymus	$6.1M	n/a	n/a
Encres Dubuit	$5.5M	n/a	n/a
Prebona	$4.9M	n/a	n/a
Tribox Group	$4.4M	n/a	n/a
Bergen Carbon Solns	$4.1M	n/a	-1.0x
Cyclezyme	$3.4M	n/a	n/a
SZAR	$2.7M	n/a	n/a
Svenska Aerogel Holding	$2.7M	n/a	n/a
Biofrigas Sweden	$2.2M	n/a	n/a
Krakchemia	$2.0M	n/a	n/a
XP Chemistries	$1.9M	43.4x	-2.0x
Nattaro Labs	$1.9M	n/a	n/a
POLYDUCT Plastic	$1.3M	n/a	n/a
Global Bioenergies	$1.3M	n/a	n/a
Black Point	$1.0M	n/a	n/a
Recyctec Holding	$0.9M	n/a	n/a
Polymer Factory Sweden	$0.7M	n/a	n/a
OCI	-$161M	-0.1x	-3.9x