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	$212B	6.3x	15.9x
Sherwin-Williams	$97.1B	4.1x	21.5x
Ecolab	$84.3B	5.3x	22.1x
Air Products	$74.2B	6.1x	14.4x
BASF	$69.6B	1.0x	8.4x
Shin-Etsu	$45.4B	2.8x	7.6x
Saudi Basic Industries	$44.2B	1.2x	8.8x
Nutrien	$41.0B	1.6x	6.8x
Rongsheng Petro Chemical	$40.1B	0.9x	8.3x
Wanhua Chemical	$39.7B	1.4x	8.5x
Sika	$38.3B	2.7x	14.3x
Chandra Asri Group	$38.3B	6.3x	4026.7x
Hengli Petrochemical	$35.6B	1.1x	10.2x
LG Chem	$35.4B	1.1x	7.7x
Novonesis	$32.2B	6.7x	18.2x
Dow	$31.5B	0.8x	9.2x
Asian Paints	$30.4B	7.8x	42.7x
Eternal Ltd	$30.1B	6.7x	267.9x
PPG	$28.4B	1.8x	10.2x
LyondellBasell Industries	$26.6B	0.9x	9.1x
DSM-Firmenich	$23.7B	1.6x	9.1x
International Flavors & Fragrances	$23.3B	2.1x	11.1x
Borouge	$23.3B	4.2x	10.8x
DuPont	$23.2B	3.1x	10.6x
Ningxia Baofeng Energy Group	$22.6B	3.3x	9.2x
Nippon Paint Holdings	$20.7B	1.8x	10.5x
OMV	$19.6B	0.6x	2.6x
Sociedad Química y Minera	$19.0B	n/a	n/a
Albemarle	$18.8B	3.7x	17.9x
Industries Qatar	$18.6B	4.2x	13.9x
Nippon Sanso Holdings	$18.2B	2.2x	9.3x
Qinghai Salt Lake Industry	$16.6B	6.9x	14.5x
RPM International	$16.5B	2.2x	13.6x
Celanese	$16.1B	1.7x	8.2x
Covestro	$15.9B	1.0x	16.9x
Akzo Nobel	$15.2B	1.3x	9.0x
Ems-Chemie	$15.1B	6.3x	20.3x
Sembcorp	$14.4B	2.9x	11.5x
Nitto Denko	$14.1B	2.2x	8.9x
CF Industries	$13.7B	2.0x	5.0x
Symrise	$13.7B	2.4x	11.2x
Rabigh Refining	$12.9B	1.3x	102.0x
Yara	$12.4B	0.8x	4.7x
SABIC Agri-Nutrient	$11.7B	3.4x	8.7x
Braskem	$11.5B	0.9x	15.6x
Eastman Chemical	$11.5B	1.3x	7.6x
Westlake	$11.3B	1.0x	8.7x
Evonik Industries	$10.7B	0.7x	4.9x
Syensqo	$10.0B	1.4x	6.8x
ICL Group	$9.4B	4.3x	20.8x
Axalta Coating Systems	$9.1B	1.8x	8.0x
Ecopro	$8.8B	3.6x	63.7x
Orica	$8.5B	1.6x	8.8x
Sasol	$8.4B	0.6x	3.0x
Brenntag	$8.1B	0.5x	5.2x
NewMarket	$8.0B	2.9x	n/a
Element Solutions	$7.3B	2.9x	13.3x
Arkema	$7.1B	0.7x	4.8x
Alfa SAB de	$7.0B	0.7x	6.8x
IMCD	$6.7B	1.2x	10.3x
Xin Feng Ming Group	$6.6B	0.7x	8.3x
Orbia Advance Corp SAB	$6.5B	0.9x	6.0x
Fertiglobe	$6.5B	2.5x	7.1x
Methanex	$5.9B	1.6x	6.9x
Croda International	$5.8B	2.7x	11.4x
SOL	$5.7B	2.8x	11.3x
FMC	$5.7B	1.4x	6.7x
Chemours	$5.6B	1.0x	7.4x
Olin	$5.5B	0.8x	7.6x
Dottikon ES Holding	$5.4B	n/a	n/a
PI Indus	$5.4B	6.2x	22.8x
Solvay	$5.4B	1.1x	5.4x
Fuchs	$5.3B	1.3x	8.7x
Balchem	$5.2B	5.1x	19.1x
H.B. Fuller	$5.1B	1.5x	8.3x
Clariant	$4.9B	1.0x	5.9x
Sensient Technologies	$4.8B	3.0x	16.5x
SICC	$4.8B	20.7x	116.8x
Dyno Nobel	$4.8B	1.4x	7.3x
Wacker Chemie	$4.7B	0.7x	7.0x
Advanced Petrochemical	$4.7B	5.0x	21.1x
Bachem	$4.6B	5.5x	19.2x
Azelis Group	$4.5B	0.9x	8.2x
Saudi Kayan Petrochemical	$4.4B	1.9x	15.7x
Perimeter Solutions	$4.4B	7.0x	13.6x
Lanxess	$4.4B	0.7x	7.4x
Cabot	$4.3B	1.2x	5.5x
Mangalore Refinery	$4.3B	0.4x	10.8x
Avient	$4.3B	1.3x	7.9x
Luberef	$3.9B	1.7x	12.5x
Calumet	$3.9B	0.9x	14.1x
Tronox Holdings	$3.8B	1.3x	10.1x
Yansab	$3.8B	2.5x	11.2x
Alok Indus	$3.8B	n/a	n/a
Kemira	$3.7B	1.1x	5.9x
Ashland	$3.6B	2.0x	9.0x
Huntsman	$3.6B	0.6x	12.3x
Bluestar Adisseo	$3.6B	1.5x	7.1x
Sahara International	$3.6B	1.9x	11.5x
Hexpol	$3.4B	1.7x	9.2x
Enaex	$3.3B	n/a	n/a
Quaker Houghton	$3.1B	1.7x	10.4x
POCO Holdings Co.	$3.1B	11.6x	36.4x
Ingevity	$3.1B	2.4x	7.9x
Hawkins	$3.0B	2.8x	16.6x
Alpek	$2.9B	0.4x	4.9x
Grupa Azoty	$2.8B	0.7x	64.8x
National Industralization	$2.7B	2.9x	42.3x
WD-40	$2.7B	4.3x	22.7x
Controladora Alpek	$2.7B	n/a	n/a
Elkem	$2.6B	0.8x	8.4x
Saudi Industrial Inv	$2.5B	n/a	128.0x
Gubre Fabrikalari	$2.5B	n/a	n/a
Trinseo	$2.5B	0.7x	13.8x
Robertet	$2.3B	2.3x	12.0x
Shanghai C and D Innostic	$2.2B	n/a	n/a
Solvac	$2.2B	n/a	n/a
Shanghai Petrochemical	$2.1B	0.2x	9.1x
Turpaz Industries	$2.1B	n/a	n/a
CAC Nantong Chemical Co	$2.0B	n/a	n/a
Borregaard	$2.0B	2.7x	11.0x
Petkim Petrokimya Holding	$2.0B	0.9x	393.7x
Sao Martinho	$1.9B	1.4x	2.9x
Saudi Chemical	$1.9B	n/a	n/a
Zeon	$1.9B	0.7x	6.1x
Ecovyst	$1.8B	2.5x	9.3x
Innospec	$1.6B	0.9x	8.2x
Stepan	$1.6B	0.7x	7.6x
Koppers Holdings	$1.6B	0.8x	6.2x
K+S	$1.6B	0.4x	2.3x
Industrie De Nora	$1.6B	1.5x	8.3x
Unipar Carbocloro	$1.5B	1.6x	7.4x
Alzchem Group	$1.5B	2.2x	11.2x
Verbio	$1.5B	0.8x	28.6x
Aksa Akrilik Kimya	$1.4B	1.7x	12.7x
CVR Partners	$1.4B	2.7x	n/a
Vardhman	$1.4B	1.3x	9.4x
CropEnergies	$1.4B	n/a	n/a
Elementis	$1.3B	2.1x	8.7x
Orion	$1.2B	0.7x	5.3x
Arvind	$1.2B	1.2x	12.2x
Kronos Worldwide	$1.2B	0.6x	10.2x
Cydsa	$1.1B	1.3x	5.1x
Cosmo Advanced Materials	$1.1B	3.2x	65.8x
Westlake Chemical	$1.0B	0.9x	2.3x
Synthomer	$1.0B	0.4x	5.5x
LSB Industries	$979M	1.7x	6.6x
Green Plains	$967M	0.4x	13.9x
Redox	$919M	1.1x	11.3x
Valhi	$855M	0.4x	n/a
AdvanSix	$790M	0.5x	5.2x
Chimcomplex SA Borzesti	$713M	n/a	n/a
ASP Isotopes	$683M	96.2x	n/a
Explosifs et Produits	$661M	1.1x	8.1x
Potasios De Chile	$653M	n/a	n/a
Gujarat State Fertilizers & Chemicals	$643M	n/a	n/a
Gevo	$599M	4.6x	113.0x
Boryszew	$575M	n/a	n/a
SP Group	$538M	1.2x	6.1x
Natac Natural Ingredients	$506M	8.4x	27.3x
Aspo	$496M	0.7x	6.7x
Exel Industries	$490M	0.4x	6.2x
PCC Rokita	$488M	0.9x	5.8x
SGL Carbon	$476M	0.4x	3.2x
Alujain	$469M	1.3x	10.2x
Aemetis	$456M	1.9x	-27.9x
Itafos	$394M	0.7x	2.4x
Uzin Utz	$376M	0.6x	5.1x
Oxiquim	$361M	n/a	n/a
Bioceres Crop Solutions	$339M	1.0x	9.1x
Fabryka Farb I Lakierow	$327M	1.5x	8.4x
American Vanguard	$309M	0.6x	7.7x
Creta Plastics	$307M	n/a	n/a
H&R GmbH & Co	$298M	0.2x	3.2x
Selena FM	$289M	n/a	n/a
Alto Ingredients	$277M	0.3x	12.7x
Cinkarna Celje	$269M	n/a	n/a
Messer Tehnogas	$263M	n/a	n/a
Intrepid Potash	$263M	1.1x	4.7x
Avantium	$262M	9.0x	-6.4x
Flugger Group	$238M	0.7x	5.5x
Hudson Technologies	$213M	0.9x	6.8x
Delta Giri Wacana	$202M	n/a	n/a
DGL Group	$195M	0.6x	5.8x
Lhyfe	$194M	16.8x	-6.3x
PCC Exol	$192M	n/a	n/a
Daios Plastic	$185M	n/a	n/a
XRF Scientific	$176M	4.4x	15.8x
Grupo Pochteca SAB de	$174M	n/a	n/a
Dexxos Participacoes	$165M	0.4x	3.3x
NL Industries	$164M	1.1x	n/a
Solar Foods	$160M	133.2x	-75.7x
Gurit Holding	$159M	0.4x	11.6x
Masterflex	$139M	1.2x	6.3x
eXoZymes	$130M	n/a	n/a
Carbios	$126M	170.2x	-4.2x
Nabaltec	$125M	0.5x	3.6x
IBU-tec adv materials	$117M	2.2x	22.2x
Baikowski	$102M	n/a	n/a
Sulnox Group	$100M	n/a	n/a
Arla Plast	$96.2M	n/a	n/a
Amoeba	$94.9M	260.7x	-14.9x
H2APEX Group	$91.7M	8.8x	-3.7x
BRAIN Biotech	$79.9M	1.2x	27.0x
Holland	$79.4M	n/a	n/a
Himsnab Bulgaria	$77.8M	n/a	n/a
Exel Composites	$77.4M	0.7x	8.4x
Northern Technologies	$76.8M	0.9x	n/a
5E Advanced Materials	$76.0M	n/a	n/a
I-Tech	$71.5M	3.9x	13.1x
Magis	$60.2M	0.7x	5.9x
KGL	$54.7M	n/a	n/a
Industrie Chimiche	$53.7M	0.6x	5.1x
Loop Industries	$49.1M	11.9x	-4.6x
Green Oleo	$42.1M	0.5x	17.8x
Hub Tech	$39.9M	n/a	n/a
Afyren	$36.7M	10.1x	-5.8x
Melamin	$34.0M	n/a	n/a
Polygiene Group	$32.0M	2.0x	20.8x
Lordos United Public	$27.7M	n/a	n/a
OrganoClick	$27.4M	2.4x	-248.5x
Cropmate	$27.1M	n/a	n/a
Nexam Chemical Holding	$26.2M	1.2x	34.0x
Vinpai	$23.4M	2.2x	-11.1x
Hyenergy	$21.2M	n/a	n/a
Hove	$20.2M	n/a	n/a
Carbochim	$19.6M	n/a	n/a
Plasticos Compuestos	$18.9M	n/a	n/a
Onesano	$15.5M	n/a	n/a
Polwax	$14.9M	n/a	n/a
aXichem	$14.7M	n/a	n/a
Serstech	$13.3M	2.8x	-8.1x
Suntrade Group	$11.0M	n/a	n/a
Sinteza	$10.3M	n/a	n/a
Directa Plus	$8.7M	1.0x	-3.0x
Prymus	$6.5M	n/a	n/a
EcoRub	$5.1M	4.1x	-5.7x
Encres Dubuit	$5.0M	n/a	n/a
Prebona	$4.8M	n/a	n/a
Tribox Group	$4.5M	n/a	n/a
Cyclezyme	$4.1M	n/a	n/a
Bergen Carbon Solns	$4.0M	22.5x	-0.9x
XP Chemistries	$3.6M	10.1x	-4.9x
Svenska Aerogel Holding	$3.1M	n/a	n/a
Nattaro Labs	$3.0M	n/a	n/a
SZAR	$2.9M	n/a	n/a
Krakchemia	$2.4M	n/a	n/a
Biofrigas Sweden	$2.2M	n/a	n/a
POLYDUCT Plastic	$1.3M	n/a	n/a
Global Bioenergies	$1.3M	3.7x	-0.1x
Recyctec Holding	$1.2M	n/a	n/a
Black Point	$1.2M	n/a	n/a
Polymer Factory Sweden	$1.0M	n/a	n/a
Neochim	-$8.6M	n/a	n/a
OCI	-$64.2M	-0.0x	-1.3x