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	$101B	4.3x	22.3x
Ecolab	$84.9B	5.3x	22.0x
Air Products	$76.0B	6.3x	14.7x
BASF	$72.1B	1.0x	8.8x
Shin-Etsu	$58.1B	3.6x	9.8x
Wanhua Chemical	$46.9B	1.6x	9.8x
Nutrien	$45.6B	1.7x	7.4x
Saudi Basic Industries	$44.3B	1.2x	9.0x
Rongsheng Petro Chemical	$44.0B	1.0x	8.3x
Hengli Petrochemical	$41.7B	1.3x	11.7x
Sika	$37.5B	2.6x	13.9x
Chandra Asri Group	$35.5B	5.5x	5105.2x
Dow	$35.1B	0.9x	11.0x
LG Chem	$34.6B	1.1x	7.1x
Novonesis	$34.0B	7.0x	18.8x
PPG	$30.4B	1.9x	10.9x
Eternal Ltd	$29.7B	6.0x	256.4x
Asian Paints	$29.7B	7.6x	41.5x
LyondellBasell Industries	$28.2B	0.9x	10.7x
Ningxia Baofeng Energy Group	$26.0B	3.5x	9.9x
Sociedad Química y Minera	$25.6B	n/a	n/a
Albemarle	$24.9B	4.9x	23.8x
DuPont	$24.9B	3.6x	11.5x
International Flavors & Fragrances	$24.0B	2.2x	11.5x
Borouge	$23.9B	4.3x	11.3x
DSM-Firmenich	$22.9B	1.6x	8.7x
Qinghai Salt Lake Industry	$22.2B	9.2x	19.5x
Nippon Paint Holdings	$21.5B	1.9x	10.7x
OMV	$20.5B	0.6x	2.7x
Nippon Sanso Holdings	$18.4B	2.2x	9.3x
Industries Qatar	$17.6B	4.2x	13.5x
Ems-Chemie	$17.3B	7.1x	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	$14.8B	2.1x	5.3x
Westlake	$14.8B	1.3x	13.7x
Symrise	$14.6B	2.5x	11.8x
Sembcorp	$14.5B	3.0x	11.8x
Nitto Denko	$14.4B	2.2x	9.0x
Yara	$14.0B	0.9x	5.1x
Eastman Chemical	$12.5B	1.4x	8.5x
Rabigh Refining	$12.3B	1.3x	-1185.6x
SABIC Agri-Nutrient	$12.0B	3.4x	8.9x
Braskem	$11.6B	0.9x	18.1x
Evonik Industries	$11.0B	0.7x	5.0x
Ecopro	$10.8B	4.2x	66.3x
Syensqo	$10.4B	1.4x	7.2x
Axalta Coating Systems	$9.8B	1.9x	8.6x
Orica	$9.7B	1.7x	9.5x
ICL Group	$9.2B	4.1x	19.8x
Sasol	$9.2B	0.6x	3.3x
Brenntag	$8.7B	0.5x	5.7x
Element Solutions	$7.8B	3.1x	14.3x
Xin Feng Ming Group	$7.8B	0.8x	9.6x
NewMarket	$7.4B	n/a	n/a
Arkema	$7.3B	0.7x	4.9x
IMCD	$6.9B	1.2x	10.6x
Methanex	$6.8B	1.9x	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	$6.0B	1.0x	8.0x
Bachem	$6.0B	7.0x	24.4x
Croda International	$6.0B	2.6x	11.4x
FMC	$5.9B	1.5x	7.0x
Olin	$5.9B	0.9x	8.4x
SOL	$5.8B	2.8x	11.2x
SICC	$5.7B	25.5x	133.5x
Fuchs	$5.5B	1.3x	8.8x
H.B. Fuller	$5.5B	1.6x	8.8x
Solvay	$5.3B	1.0x	5.3x
Balchem	$5.3B	5.1x	19.3x
PI Indus	$5.1B	5.9x	21.8x
Clariant	$5.1B	1.0x	6.0x
Wacker Chemie	$5.1B	0.8x	7.7x
Dyno Nobel	$5.0B	1.5x	7.4x
Cabot	$4.8B	1.3x	6.1x
Sensient Technologies	$4.8B	2.9x	16.1x
Avient	$4.7B	1.5x	8.7x
Luberef	$4.6B	2.1x	15.0x
Lanxess	$4.6B	0.7x	7.7x
Perimeter Solutions	$4.6B	7.1x	13.8x
Azelis Group	$4.4B	0.9x	8.0x
Advanced Petrochemical	$4.4B	4.7x	19.1x
Saudi Kayan Petrochemical	$4.2B	1.9x	15.2x
Ashland	$4.2B	2.3x	10.5x
Mangalore Refinery	$4.2B	0.4x	9.9x
Tronox Holdings	$4.1B	1.4x	11.7x
Bluestar Adisseo	$4.1B	1.7x	8.3x
Huntsman	$4.0B	0.7x	14.7x
Calumet	$4.0B	1.0x	13.1x
Kemira	$3.9B	1.2x	6.3x
Alok Indus	$3.8B	n/a	n/a
Hexpol	$3.6B	1.7x	9.4x
Enaex	$3.6B	n/a	n/a
Ingevity	$3.6B	2.9x	9.1x
Quaker Houghton	$3.5B	1.8x	11.5x
Hawkins	$3.5B	3.2x	19.0x
Yansab	$3.4B	2.3x	10.7x
Sahara International	$3.3B	1.8x	13.4x
POCO Holdings Co.	$3.3B	12.4x	37.2x
Alpek	$2.9B	0.4x	5.0x
Gubre Fabrikalari	$2.9B	n/a	n/a
Elkem	$2.8B	0.9x	9.3x
WD-40	$2.8B	4.5x	23.6x
Grupa Azoty	$2.8B	0.7x	47.1x
Turpaz Industries	$2.7B	n/a	n/a
National Industralization	$2.5B	2.8x	-14.0x
Trinseo	$2.5B	0.7x	14.7x
Shanghai Petrochemical	$2.4B	0.2x	10.4x
Robertet	$2.3B	2.3x	12.0x
Solvac	$2.3B	n/a	n/a
Shanghai C and D Innostic	$2.2B	0.8x	n/a
Borregaard	$2.2B	2.9x	11.5x
K+S	$2.1B	0.5x	3.0x
Sao Martinho	$2.1B	1.5x	3.2x
Verbio	$2.1B	1.1x	33.7x
Zeon	$2.1B	0.8x	6.8x
Saudi Industrial Inv	$2.1B	n/a	186.8x
Ecovyst	$2.0B	2.7x	11.0x
CAC Nantong Chemical Co	$2.0B	2.7x	n/a
Petkim Petrokimya Holding	$2.0B	0.9x	-81.7x
Saudi Chemical	$1.9B	n/a	n/a
Alzchem Group	$1.9B	2.8x	13.7x
Innospec	$1.8B	1.0x	9.1x
Stepan	$1.7B	0.7x	8.1x
Industrie De Nora	$1.7B	1.7x	8.7x
CVR Partners	$1.6B	n/a	n/a
Koppers Holdings	$1.6B	0.8x	6.1x
Unipar Carbocloro	$1.5B	1.6x	7.1x
Elementis	$1.4B	2.4x	9.6x
CropEnergies	$1.4B	n/a	n/a
Aksa Akrilik Kimya	$1.4B	1.6x	12.3x
Vardhman	$1.4B	1.2x	9.3x
Orion	$1.3B	0.8x	5.8x
Kronos Worldwide	$1.3B	0.7x	21.2x
Cydsa	$1.2B	1.2x	5.0x
Westlake Chemical	$1.1B	0.9x	2.5x
Cosmo Advanced Materials	$1.1B	3.3x	70.8x
Synthomer	$1.1B	0.4x	5.7x
Redox	$1.1B	1.2x	12.9x
Arvind	$1.0B	1.1x	10.6x
LSB Industries	$1.0B	1.8x	6.9x
Green Plains	$1.0B	0.5x	13.7x
Potasios De Chile	$1.0B	n/a	n/a
Valhi	$892M	n/a	n/a
ASP Isotopes	$885M	110.6x	-24.5x
AdvanSix	$878M	0.6x	5.7x
Chimcomplex SA Borzesti	$728M	n/a	n/a
SP Group	$724M	1.6x	8.2x
Explosifs et Produits	$663M	1.1x	7.9x
Gujarat State Fertilizers & Chemicals	$602M	n/a	n/a
Gevo	$594M	3.7x	38.2x
Boryszew	$583M	n/a	n/a
SGL Carbon	$562M	0.5x	3.8x
Natac Natural Ingredients	$521M	8.3x	26.7x
Exel Industries	$518M	0.4x	6.1x
Aspo	$517M	0.8x	6.8x
PCC Rokita	$514M	0.9x	6.0x
Aemetis	$452M	2.1x	-19.6x
Itafos	$439M	0.8x	2.7x
Uzin Utz	$402M	0.7x	5.4x
Selena FM	$384M	0.8x	6.3x
Intrepid Potash	$383M	1.5x	6.5x
Oxiquim	$383M	n/a	n/a
Avantium	$374M	12.9x	-9.7x
Alujain	$362M	1.0x	8.5x
Fabryka Farb I Lakierow	$344M	1.5x	8.6x
Bioceres Crop Solutions	$320M	1.0x	9.0x
Creta Plastics	$318M	n/a	n/a
American Vanguard	$299M	n/a	n/a
Alto Ingredients	$297M	0.3x	11.9x
Cinkarna Celje	$284M	1.2x	6.3x
H&R GmbH & Co	$283M	0.2x	3.0x
Messer Tehnogas	$262M	n/a	n/a
Flugger Group	$237M	0.7x	5.5x
Hudson Technologies	$228M	0.9x	7.4x
NL Industries	$205M	n/a	n/a
DGL Group	$203M	0.6x	5.8x
Delta Giri Wacana	$199M	n/a	n/a
XRF Scientific	$197M	4.7x	16.9x
Lhyfe	$197M	15.9x	-6.3x
Carbios	$195M	239.2x	-6.6x
Gurit Holding	$191M	0.5x	-4.2x
PCC Exol	$187M	n/a	n/a
Grupo Pochteca SAB de	$179M	n/a	n/a
Daios Plastic	$175M	n/a	n/a
Solar Foods	$169M	125.6x	-72.2x
Dexxos Participacoes	$165M	0.4x	3.3x
Nabaltec	$149M	0.6x	4.2x
Masterflex	$148M	1.2x	6.5x
IBU-tec adv materials	$132M	2.5x	22.8x
H2APEX Group	$126M	11.4x	-3.6x
Sulnox Group	$113M	n/a	n/a
Arla Plast	$107M	n/a	n/a
Exel Composites	$102M	0.8x	10.4x
Baikowski	$101M	n/a	n/a
Northern Technologies	$97.3M	1.1x	n/a
Amoeba	$96.8M	236.9x	-14.8x
Afyren	$90.4M	24.2x	-14.1x
eXoZymes	$86.6M	n/a	n/a
5E Advanced Materials	$84.3M	n/a	n/a
Holland	$76.6M	n/a	n/a
Magis	$61.0M	0.7x	6.4x
KGL	$60.9M	n/a	n/a
I-Tech	$59.7M	3.1x	10.7x
Industrie Chimiche	$54.2M	0.6x	5.1x
Loop Industries	$52.0M	16.0x	-4.8x
BRAIN Biotech	$50.0M	0.7x	12.8x
Green Oleo	$42.2M	0.5x	18.5x
Hub Tech	$40.6M	n/a	n/a
Polygiene Group	$34.7M	2.1x	23.1x
Melamin	$34.2M	n/a	n/a
Himsnab Bulgaria	$29.6M	n/a	n/a
OrganoClick	$28.4M	2.4x	-145.0x
Vinpai	$28.3M	n/a	n/a
Lordos United Public	$28.0M	n/a	n/a
Cropmate	$26.8M	n/a	n/a
Hove	$24.1M	n/a	n/a
Nexam Chemical Holding	$22.7M	0.9x	8.8x
Hyenergy	$21.6M	n/a	n/a
Carbochim	$19.7M	n/a	n/a
Plasticos Compuestos	$17.5M	n/a	n/a
Directa Plus	$15.6M	1.8x	-5.5x
Polwax	$14.7M	n/a	n/a
Onesano	$14.6M	n/a	n/a
aXichem	$13.1M	6.2x	-12.2x
Serstech	$10.9M	2.2x	-5.8x
Neochim	$9.9M	n/a	n/a
Sinteza	$9.2M	n/a	n/a
Suntrade Group	$8.9M	n/a	n/a
EcoRub	$6.6M	n/a	n/a
Prymus	$6.1M	n/a	n/a
Encres Dubuit	$5.5M	n/a	n/a
Prebona	$5.0M	n/a	n/a
Tribox Group	$4.4M	n/a	n/a
Bergen Carbon Solns	$4.2M	n/a	-1.0x
Cyclezyme	$3.4M	n/a	n/a
Svenska Aerogel Holding	$2.6M	n/a	n/a
SZAR	$2.5M	n/a	n/a
Biofrigas Sweden	$2.3M	n/a	n/a
Nattaro Labs	$2.2M	n/a	n/a
XP Chemistries	$2.0M	44.6x	-2.1x
Krakchemia	$2.0M	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	$0.8M	n/a	n/a
Polymer Factory Sweden	$0.8M	n/a	n/a
OCI	-$128M	-0.1x	-3.1x