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	$258B	7.6x	19.4x
Sherwin-Williams	$103B	4.4x	22.6x
Ecolab	$95.3B	5.9x	24.7x
Air Products	$78.5B	6.5x	15.2x
BASF	$76.1B	1.1x	9.2x
Shin-Etsu	$66.4B	4.0x	11.1x
Wanhua Chemical	$51.2B	1.7x	10.4x
Nutrien	$49.9B	1.9x	8.0x
Rongsheng Petro Chemical	$49.0B	1.1x	9.0x
Saudi Basic Industries	$46.3B	1.3x	9.4x
Hengli Petrochemical	$43.2B	1.3x	11.9x
Sika	$39.2B	2.7x	14.1x
Dow	$37.8B	0.9x	11.9x
Chandra Asri Group	$35.7B	5.5x	5122.8x
LG Chem	$34.6B	1.1x	7.1x
PPG	$33.2B	2.1x	12.0x
Novonesis	$30.9B	6.3x	16.9x
LyondellBasell Industries	$29.7B	1.0x	11.2x
Ningxia Baofeng Energy Group	$28.9B	3.9x	10.9x
International Flavors & Fragrances	$26.5B	2.4x	12.7x
Asian Paints	$25.1B	6.5x	35.5x
Albemarle	$25.0B	4.9x	23.9x
Sociedad Química y Minera	$24.4B	n/a	n/a
OMV	$24.2B	0.7x	3.1x
Eternal Ltd	$24.0B	4.9x	210.1x
Borouge	$23.7B	4.3x	11.2x
Qinghai Salt Lake Industry	$23.0B	9.4x	19.8x
DuPont	$22.9B	3.4x	10.6x
Nippon Paint Holdings	$22.6B	2.0x	11.1x
DSM-Firmenich	$22.0B	1.5x	8.2x
Nippon Sanso Holdings	$21.4B	2.5x	10.7x
Industries Qatar	$19.1B	4.3x	14.0x
Ems-Chemie	$18.6B	7.3x	23.5x
Ecopro	$18.1B	7.1x	110.6x
RPM International	$17.2B	2.3x	14.0x
Celanese	$17.1B	1.8x	9.0x
CF Industries	$17.0B	2.4x	6.0x
Westlake	$16.8B	1.5x	15.6x
Yara	$16.3B	1.0x	5.7x
Akzo Nobel	$15.5B	1.3x	9.0x
Symrise	$15.2B	2.6x	12.2x
Sembcorp	$14.9B	3.0x	12.0x
Nitto Denko	$13.6B	2.1x	8.4x
SABIC Agri-Nutrient	$13.2B	3.8x	9.8x
Eastman Chemical	$12.8B	1.5x	8.8x
Rabigh Refining	$12.8B	1.4x	-1230.1x
Braskem	$12.3B	0.9x	18.3x
Evonik Industries	$11.9B	0.7x	5.4x
Sasol	$10.4B	0.7x	3.6x
Orica	$9.7B	1.7x	9.0x
Axalta Coating Systems	$9.7B	1.9x	8.5x
Element Solutions	$9.6B	3.8x	17.4x
Brenntag	$8.8B	0.5x	5.7x
ICL Group	$8.3B	3.6x	17.7x
Arkema	$8.3B	0.8x	5.5x
Xin Feng Ming Group	$7.8B	0.8x	9.5x
Syensqo	$7.7B	1.0x	5.2x
IMCD	$7.4B	1.3x	11.3x
Fertiglobe	$7.1B	2.6x	7.5x
Methanex	$7.1B	1.9x	8.2x
Orbia Advance Corp SAB	$7.0B	0.9x	6.2x
NewMarket	$6.8B	n/a	n/a
Chemours	$6.5B	1.1x	8.6x
Croda International	$6.5B	2.9x	12.4x
Dottikon ES Holding	$6.3B	n/a	n/a
SOL	$6.0B	2.9x	11.4x
Balchem	$6.0B	5.8x	21.8x
Olin	$5.9B	0.9x	8.3x
SICC	$5.8B	25.5x	133.2x
Clariant	$5.6B	1.1x	6.5x
Bachem	$5.6B	6.3x	22.2x
Wacker Chemie	$5.6B	0.9x	8.4x
H.B. Fuller	$5.5B	1.6x	8.9x
FMC	$5.3B	1.3x	6.3x
Solvay	$5.3B	1.0x	5.2x
Fuchs	$5.3B	1.3x	8.5x
Avient	$5.3B	1.6x	9.6x
Dyno Nobel	$5.2B	1.5x	7.2x
Sensient Technologies	$5.0B	3.1x	16.9x
Mangalore Refinery	$4.9B	0.5x	11.9x
Cabot	$4.9B	1.3x	6.2x
Lanxess	$4.8B	0.7x	7.9x
PI Indus	$4.7B	5.5x	20.4x
Bluestar Adisseo	$4.7B	1.9x	9.2x
Luberef	$4.7B	2.1x	15.3x
Calumet	$4.5B	1.1x	15.0x
Saudi Kayan Petrochemical	$4.4B	1.9x	16.0x
Tronox Holdings	$4.4B	1.5x	12.5x
Azelis Group	$4.3B	0.9x	7.8x
Advanced Petrochemical	$4.2B	4.5x	18.4x
Kemira	$4.1B	1.2x	6.5x
Ashland	$4.0B	2.2x	10.0x
Gubre Fabrikalari	$3.9B	n/a	n/a
Perimeter Solutions	$3.8B	6.0x	11.6x
Ingevity	$3.8B	3.0x	9.7x
Huntsman	$3.8B	0.7x	14.0x
Enaex	$3.7B	n/a	n/a
Alok Indus	$3.6B	n/a	n/a
Yansab	$3.5B	2.3x	11.0x
Hawkins	$3.4B	3.2x	18.6x
Hexpol	$3.3B	1.5x	8.4x
Sahara International	$3.3B	1.8x	13.5x
Quaker Houghton	$3.3B	1.7x	10.9x
WD-40	$3.3B	5.2x	27.5x
POCO Holdings Co.	$3.2B	12.1x	36.1x
Turpaz Industries	$3.1B	n/a	n/a
Elkem	$3.0B	0.9x	9.3x
Alpek	$2.9B	0.4x	4.8x
Shanghai Petrochemical	$2.7B	0.3x	11.8x
Grupa Azoty	$2.7B	0.7x	45.3x
National Industralization	$2.6B	2.8x	-14.1x
Trinseo	$2.5B	0.7x	14.6x
Zeon	$2.5B	0.9x	7.9x
K+S	$2.4B	0.6x	3.4x
Sao Martinho	$2.4B	1.6x	3.4x
Saudi Industrial Inv	$2.3B	n/a	210.8x
Verbio	$2.3B	1.2x	36.3x
Robertet	$2.3B	2.3x	11.7x
Saudi Chemical	$2.1B	n/a	n/a
Ecovyst	$2.1B	2.8x	11.3x
Borregaard	$2.1B	2.6x	10.3x
CAC Nantong Chemical Co	$2.0B	2.7x	n/a
Shanghai C and D Innostic	$2.0B	0.7x	n/a
Petkim Petrokimya Holding	$2.0B	0.9x	-84.1x
Solvac	$1.9B	n/a	n/a
Unipar Carbocloro	$1.8B	1.8x	7.8x
Vardhman	$1.8B	1.6x	12.0x
Stepan	$1.7B	0.7x	8.1x
Koppers Holdings	$1.7B	0.9x	6.8x
Alzchem Group	$1.7B	2.5x	12.6x
Innospec	$1.7B	0.9x	8.5x
CVR Partners	$1.6B	n/a	n/a
Industrie De Nora	$1.5B	1.5x	7.7x
Aksa Akrilik Kimya	$1.4B	1.7x	13.1x
Elementis	$1.4B	2.4x	9.5x
CropEnergies	$1.4B	n/a	n/a
Orion	$1.4B	0.8x	6.1x
Cosmo Advanced Materials	$1.3B	4.0x	86.0x
Kronos Worldwide	$1.3B	0.7x	21.8x
Green Plains	$1.2B	0.6x	15.6x
Cydsa	$1.2B	1.3x	5.1x
Arvind	$1.2B	1.2x	12.1x
LSB Industries	$1.2B	2.0x	7.7x
Westlake Chemical	$1.1B	1.0x	2.6x
Potasios De Chile	$1.0B	n/a	n/a
Synthomer	$980M	0.4x	5.2x
Redox	$930M	1.0x	10.6x
Valhi	$892M	n/a	n/a
AdvanSix	$840M	0.6x	5.4x
SP Group	$761M	1.7x	8.5x
Explosifs et Produits	$739M	1.2x	8.8x
Chimcomplex SA Borzesti	$698M	n/a	n/a
SGL Carbon	$682M	0.6x	4.5x
ASP Isotopes	$668M	83.4x	-18.4x
Gujarat State Fertilizers & Chemicals	$579M	n/a	n/a
Boryszew	$550M	n/a	n/a
Gevo	$536M	3.3x	34.5x
PCC Rokita	$518M	0.9x	6.0x
Aspo	$490M	0.7x	6.4x
Natac Natural Ingredients	$456M	7.1x	23.0x
Aemetis	$442M	2.1x	-19.1x
Uzin Utz	$440M	0.7x	5.8x
Intrepid Potash	$423M	1.7x	7.2x
Itafos	$422M	0.8x	2.6x
Exel Industries	$418M	0.4x	4.8x
Oxiquim	$411M	n/a	n/a
Selena FM	$399M	0.8x	6.4x
Avantium	$372M	12.7x	-9.6x
Alujain	$370M	1.1x	8.6x
Fabryka Farb I Lakierow	$347M	1.5x	8.4x
American Vanguard	$315M	n/a	n/a
Creta Plastics	$312M	n/a	n/a
H&R GmbH & Co	$289M	0.2x	3.0x
Gurit Holding	$280M	0.7x	-6.0x
Bioceres Crop Solutions	$277M	0.8x	7.8x
Cinkarna Celje	$267M	1.1x	5.8x
Alto Ingredients	$264M	0.3x	10.5x
Delta Giri Wacana	$236M	n/a	n/a
Messer Tehnogas	$234M	n/a	n/a
Flugger Group	$229M	0.6x	5.2x
Hudson Technologies	$222M	0.9x	7.2x
DGL Group	$215M	0.6x	5.8x
NL Industries	$201M	n/a	n/a
XRF Scientific	$198M	4.4x	16.0x
PCC Exol	$186M	n/a	n/a
Grupo Pochteca SAB de	$184M	n/a	n/a
Lhyfe	$174M	13.9x	-5.5x
Solar Foods	$172M	126.9x	-73.0x
Daios Plastic	$163M	n/a	n/a
Dexxos Participacoes	$161M	0.4x	3.1x
Nabaltec	$148M	0.6x	4.2x
Masterflex	$146M	1.2x	6.4x
Carbios	$141M	170.7x	-4.7x
Arla Plast	$103M	n/a	n/a
Amoeba	$103M	248.5x	-15.5x
Baikowski	$99.8M	n/a	n/a
Afyren	$97.1M	25.7x	-14.9x
IBU-tec adv materials	$96.8M	1.8x	16.5x
Sulnox Group	$95.4M	n/a	n/a
Northern Technologies	$92.9M	1.1x	n/a
H2APEX Group	$92.0M	8.2x	-2.6x
Holland	$90.2M	n/a	n/a
Exel Composites	$86.4M	0.7x	8.7x
5E Advanced Materials	$82.6M	n/a	n/a
eXoZymes	$70.6M	n/a	n/a
BRAIN Biotech	$68.2M	1.0x	17.3x
Magis	$63.3M	0.7x	6.6x
Loop Industries	$60.6M	18.7x	-5.6x
KGL	$59.9M	n/a	n/a
Industrie Chimiche	$54.2M	0.6x	5.0x
I-Tech	$52.2M	2.7x	9.2x
Green Oleo	$43.6M	0.5x	18.9x
Hub Tech	$39.9M	n/a	n/a
Melamin	$34.6M	n/a	n/a
Carbochim	$30.1M	n/a	n/a
Himsnab Bulgaria	$29.6M	n/a	n/a
Vinpai	$28.8M	n/a	n/a
OrganoClick	$28.7M	2.4x	-144.1x
Lordos United Public	$28.4M	n/a	n/a
Cropmate	$28.2M	n/a	n/a
Nexam Chemical Holding	$23.5M	0.9x	8.9x
Polygiene Group	$22.9M	1.3x	15.0x
Hove	$22.4M	n/a	n/a
Hyenergy	$21.8M	n/a	n/a
Plasticos Compuestos	$16.6M	n/a	n/a
Directa Plus	$15.7M	1.8x	-5.5x
Polwax	$14.0M	n/a	n/a
Neochim	$13.3M	n/a	n/a
Onesano	$12.8M	n/a	n/a
Sinteza	$8.6M	n/a	n/a
Suntrade Group	$8.2M	n/a	n/a
aXichem	$8.0M	3.7x	-7.3x
Serstech	$7.8M	1.6x	-4.1x
Prymus	$6.2M	n/a	n/a
Encres Dubuit	$5.8M	n/a	n/a
EcoRub	$5.7M	n/a	n/a
Tribox Group	$4.4M	n/a	n/a
Prebona	$4.1M	n/a	n/a
Svenska Aerogel Holding	$4.0M	n/a	n/a
Cyclezyme	$3.7M	n/a	n/a
Bergen Carbon Solns	$2.9M	n/a	-0.6x
SZAR	$2.9M	n/a	n/a
Nattaro Labs	$2.4M	n/a	n/a
XP Chemistries	$2.1M	45.3x	-2.1x
Biofrigas Sweden	$1.8M	n/a	n/a
Krakchemia	$1.7M	n/a	n/a
POLYDUCT Plastic	$1.4M	n/a	n/a
Black Point	$1.1M	n/a	n/a
Recyctec Holding	$0.9M	n/a	n/a
Polymer Factory Sweden	$0.9M	n/a	n/a
OCI	-$13.4M	-0.0x	-0.3x