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	$231B	6.8x	17.3x
Sherwin-Williams	$102B	4.4x	22.6x
Ecolab	$89.1B	5.6x	23.1x
Air Products	$80.2B	6.6x	15.5x
BASF	$76.5B	1.1x	9.2x
Shin-Etsu	$53.4B	3.2x	8.9x
Wanhua Chemical	$51.1B	1.8x	10.6x
Rongsheng Petro Chemical	$48.1B	1.1x	9.0x
Nutrien	$46.5B	1.7x	7.5x
Saudi Basic Industries	$44.3B	1.2x	9.0x
Hengli Petrochemical	$42.6B	1.3x	12.0x
Sika	$39.3B	2.7x	14.3x
Dow	$38.6B	1.0x	12.1x
Chandra Asri Group	$37.6B	5.8x	5419.7x
PPG	$34.4B	2.2x	12.4x
LG Chem	$32.9B	1.0x	6.8x
Novonesis	$31.6B	6.4x	17.3x
LyondellBasell Industries	$29.2B	1.0x	11.0x
Ningxia Baofeng Energy Group	$28.0B	3.8x	10.7x
Eternal Ltd	$27.6B	5.7x	242.6x
DuPont	$26.5B	3.9x	12.2x
International Flavors & Fragrances	$25.2B	2.3x	12.1x
Asian Paints	$24.8B	6.4x	35.3x
Borouge	$24.2B	4.4x	11.4x
DSM-Firmenich	$23.9B	1.6x	8.9x
Albemarle	$23.3B	4.6x	22.2x
Sociedad Química y Minera	$22.6B	n/a	n/a
OMV	$21.7B	0.6x	2.8x
Nippon Paint Holdings	$21.7B	1.9x	10.7x
Qinghai Salt Lake Industry	$21.7B	9.0x	18.9x
Nippon Sanso Holdings	$20.2B	2.4x	10.2x
Industries Qatar	$19.2B	4.4x	14.2x
Celanese	$17.8B	1.9x	9.3x
Ems-Chemie	$17.7B	7.1x	22.6x
RPM International	$17.5B	2.3x	14.3x
Ecopro	$16.5B	6.5x	101.2x
CF Industries	$16.0B	2.3x	5.7x
Akzo Nobel	$15.6B	1.3x	9.0x
Westlake	$15.5B	1.4x	14.4x
Yara	$15.1B	0.9x	5.4x
Sembcorp	$14.7B	3.0x	11.9x
Symrise	$14.6B	2.5x	11.7x
Eastman Chemical	$13.4B	1.5x	9.2x
SABIC Agri-Nutrient	$12.8B	3.7x	9.5x
Nitto Denko	$12.5B	1.9x	7.7x
Rabigh Refining	$12.5B	1.4x	-1197.5x
Braskem	$11.9B	0.9x	18.2x
Evonik Industries	$11.8B	0.7x	5.3x
Syensqo	$11.3B	1.5x	7.7x
Axalta Coating Systems	$10.0B	2.0x	8.8x
Orica	$9.6B	1.7x	9.2x
Brenntag	$9.5B	0.5x	6.1x
ICL Group	$9.1B	4.0x	19.4x
Sasol	$8.9B	0.6x	3.1x
Element Solutions	$8.3B	3.3x	15.1x
Arkema	$7.9B	0.7x	5.3x
Xin Feng Ming Group	$7.6B	0.8x	9.4x
IMCD	$7.6B	1.3x	11.6x
NewMarket	$7.6B	n/a	n/a
Fertiglobe	$7.4B	2.8x	7.8x
Orbia Advance Corp SAB	$7.0B	0.9x	6.2x
Methanex	$6.8B	1.9x	7.9x
Chemours	$6.5B	1.1x	8.7x
Croda International	$6.3B	2.8x	11.9x
Bachem	$6.3B	7.2x	25.1x
Dottikon ES Holding	$6.3B	n/a	n/a
Olin	$5.8B	0.9x	8.2x
SICC	$5.8B	25.9x	135.7x
Balchem	$5.7B	5.5x	20.8x
H.B. Fuller	$5.6B	1.6x	9.0x
Clariant	$5.5B	1.1x	6.4x
SOL	$5.5B	2.6x	10.4x
Solvay	$5.4B	1.0x	5.3x
Wacker Chemie	$5.4B	0.8x	8.0x
Fuchs	$5.3B	1.3x	8.5x
FMC	$5.3B	1.3x	6.3x
Avient	$5.1B	1.6x	9.3x
Lanxess	$4.9B	0.7x	8.0x
Dyno Nobel	$4.9B	1.4x	7.0x
Sensient Technologies	$4.8B	3.0x	16.3x
Cabot	$4.8B	1.3x	6.1x
PI Indus	$4.8B	5.6x	20.6x
Luberef	$4.6B	2.1x	15.1x
Mangalore Refinery	$4.6B	0.5x	11.2x
Azelis Group	$4.5B	0.9x	8.1x
Tronox Holdings	$4.4B	1.5x	12.5x
Calumet	$4.4B	1.1x	14.5x
Bluestar Adisseo	$4.4B	1.8x	8.8x
Perimeter Solutions	$4.4B	6.8x	13.2x
Huntsman	$4.3B	0.8x	15.8x
Saudi Kayan Petrochemical	$4.2B	1.8x	15.0x
Advanced Petrochemical	$4.1B	4.4x	18.1x
Ashland	$4.1B	2.2x	10.2x
Gubre Fabrikalari	$4.0B	n/a	n/a
Kemira	$4.0B	1.2x	6.4x
Ingevity	$3.8B	3.1x	9.7x
Enaex	$3.7B	n/a	n/a
Alok Indus	$3.7B	n/a	n/a
Quaker Houghton	$3.7B	2.0x	12.2x
WD-40	$3.3B	5.2x	27.5x
Hexpol	$3.2B	1.5x	8.2x
Yansab	$3.2B	2.2x	10.2x
Sahara International	$3.2B	1.7x	12.9x
Alpek	$3.1B	0.4x	5.3x
Hawkins	$3.1B	2.9x	16.9x
POCO Holdings Co.	$3.0B	11.5x	34.4x
Grupa Azoty	$2.8B	0.7x	45.9x
Elkem	$2.8B	0.9x	8.8x
Turpaz Industries	$2.7B	n/a	n/a
Shanghai Petrochemical	$2.6B	0.2x	11.7x
Trinseo	$2.5B	0.7x	14.6x
National Industralization	$2.5B	2.7x	-13.7x
Solvac	$2.3B	n/a	n/a
K+S	$2.2B	0.5x	3.1x
Zeon	$2.2B	0.8x	7.2x
Robertet	$2.2B	2.2x	11.3x
Saudi Chemical	$2.2B	n/a	n/a
Saudi Industrial Inv	$2.1B	n/a	188.5x
Ecovyst	$2.1B	2.8x	11.2x
Sao Martinho	$2.1B	1.5x	3.0x
Shanghai C and D Innostic	$2.1B	0.7x	n/a
Verbio	$2.0B	1.0x	32.1x
Stepan	$2.0B	0.9x	9.3x
CAC Nantong Chemical Co	$2.0B	2.7x	n/a
Petkim Petrokimya Holding	$2.0B	0.9x	-83.4x
Borregaard	$2.0B	2.5x	10.2x
Innospec	$1.9B	1.1x	9.8x
Alzchem Group	$1.7B	2.5x	12.7x
Unipar Carbocloro	$1.6B	1.7x	7.3x
Koppers Holdings	$1.6B	0.9x	6.4x
Industrie De Nora	$1.5B	1.5x	7.8x
Vardhman	$1.5B	1.4x	10.6x
CVR Partners	$1.5B	n/a	n/a
Elementis	$1.4B	2.4x	9.5x
Aksa Akrilik Kimya	$1.4B	1.6x	12.9x
CropEnergies	$1.4B	n/a	n/a
Orion	$1.4B	0.8x	6.0x
Kronos Worldwide	$1.3B	0.7x	22.3x
Green Plains	$1.2B	0.6x	15.8x
Arvind	$1.2B	1.2x	12.4x
Cydsa	$1.2B	1.3x	5.0x
Cosmo Advanced Materials	$1.2B	3.7x	78.6x
Westlake Chemical	$1.1B	0.9x	2.5x
Potasios De Chile	$1.1B	n/a	n/a
Synthomer	$1.1B	0.4x	5.6x
Redox	$1.0B	1.2x	12.2x
LSB Industries	$1.0B	1.7x	6.8x
Valhi	$936M	n/a	n/a
AdvanSix	$862M	0.6x	5.6x
SGL Carbon	$761M	0.7x	5.1x
Chimcomplex SA Borzesti	$731M	n/a	n/a
ASP Isotopes	$727M	90.9x	-20.1x
Explosifs et Produits	$714M	1.1x	8.5x
SP Group	$713M	1.6x	8.0x
Gujarat State Fertilizers & Chemicals	$599M	n/a	n/a
Boryszew	$577M	n/a	n/a
Gevo	$558M	3.5x	35.9x
Aspo	$541M	0.8x	7.0x
PCC Rokita	$532M	1.0x	6.1x
Natac Natural Ingredients	$466M	7.3x	23.6x
Aemetis	$453M	2.1x	-19.6x
Uzin Utz	$440M	0.7x	5.8x
Exel Industries	$437M	0.4x	5.1x
Oxiquim	$409M	n/a	n/a
Itafos	$400M	0.7x	2.5x
Selena FM	$388M	0.8x	6.2x
Intrepid Potash	$368M	1.5x	6.3x
Avantium	$366M	12.5x	-9.4x
Alujain	$359M	1.0x	8.4x
Fabryka Farb I Lakierow	$348M	1.5x	8.4x
American Vanguard	$326M	n/a	n/a
Creta Plastics	$312M	n/a	n/a
Alto Ingredients	$298M	0.3x	11.9x
H&R GmbH & Co	$287M	0.2x	3.0x
Cinkarna Celje	$282M	1.1x	6.2x
Bioceres Crop Solutions	$276M	0.8x	7.8x
Messer Tehnogas	$265M	n/a	n/a
Flugger Group	$242M	0.7x	5.6x
Gurit Holding	$242M	0.6x	-5.2x
Hudson Technologies	$235M	1.0x	7.6x
DGL Group	$208M	0.6x	5.8x
NL Industries	$201M	n/a	n/a
Delta Giri Wacana	$193M	n/a	n/a
Lhyfe	$191M	15.2x	-6.0x
PCC Exol	$188M	n/a	n/a
XRF Scientific	$187M	4.3x	15.6x
Grupo Pochteca SAB de	$185M	n/a	n/a
Solar Foods	$170M	125.3x	-72.1x
Daios Plastic	$165M	n/a	n/a
Carbios	$152M	183.5x	-5.1x
Dexxos Participacoes	$151M	0.4x	3.0x
Masterflex	$145M	1.2x	6.4x
Nabaltec	$140M	0.6x	3.9x
IBU-tec adv materials	$114M	2.1x	19.5x
Baikowski	$102M	n/a	n/a
Exel Composites	$101M	0.8x	10.2x
Sulnox Group	$101M	n/a	n/a
H2APEX Group	$100M	8.9x	-2.9x
Arla Plast	$99.8M	n/a	n/a
Northern Technologies	$96.2M	1.1x	n/a
Afyren	$95.9M	25.3x	-14.7x
Amoeba	$95.1M	229.8x	-14.4x
5E Advanced Materials	$84.8M	n/a	n/a
eXoZymes	$84.5M	n/a	n/a
Holland	$78.6M	n/a	n/a
Magis	$61.7M	0.7x	6.4x
KGL	$61.3M	n/a	n/a
Loop Industries	$59.7M	18.4x	-5.5x
BRAIN Biotech	$58.9M	0.9x	14.9x
Industrie Chimiche	$53.8M	0.6x	5.0x
I-Tech	$49.0M	2.5x	8.6x
Green Oleo	$44.2M	0.5x	19.2x
Hub Tech	$43.0M	n/a	n/a
Melamin	$34.7M	n/a	n/a
Himsnab Bulgaria	$29.6M	n/a	n/a
Polygiene Group	$29.0M	1.7x	18.8x
Lordos United Public	$29.0M	n/a	n/a
Vinpai	$28.7M	n/a	n/a
OrganoClick	$28.3M	2.3x	-140.7x
Cropmate	$26.2M	n/a	n/a
Carbochim	$25.5M	n/a	n/a
Hove	$23.9M	n/a	n/a
Nexam Chemical Holding	$23.8M	0.9x	8.9x
Hyenergy	$21.9M	n/a	n/a
Directa Plus	$20.1M	2.3x	-7.0x
Polwax	$16.7M	n/a	n/a
Plasticos Compuestos	$16.4M	n/a	n/a
Onesano	$13.4M	n/a	n/a
Serstech	$10.7M	2.1x	-5.5x
Neochim	$9.6M	n/a	n/a
Suntrade Group	$9.0M	n/a	n/a
Sinteza	$8.8M	n/a	n/a
aXichem	$8.8M	4.0x	-8.0x
Prymus	$6.1M	n/a	n/a
Encres Dubuit	$6.1M	n/a	n/a
EcoRub	$5.7M	n/a	n/a
Tribox Group	$4.4M	n/a	n/a
Bergen Carbon Solns	$4.3M	n/a	-1.0x
Prebona	$4.2M	n/a	n/a
Cyclezyme	$3.9M	n/a	n/a
Svenska Aerogel Holding	$3.7M	n/a	n/a
SZAR	$3.0M	n/a	n/a
Nattaro Labs	$2.4M	n/a	n/a
Biofrigas Sweden	$2.0M	n/a	n/a
XP Chemistries	$2.0M	44.3x	-2.1x
Krakchemia	$1.9M	n/a	n/a
POLYDUCT Plastic	$1.4M	n/a	n/a
Recyctec Holding	$1.1M	n/a	n/a
Polymer Factory Sweden	$1.0M	n/a	n/a
Black Point	$0.9M	n/a	n/a
OCI	-$40.6M	-0.0x	-1.0x