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	$236B	7.0x	17.8x
Sherwin-Williams	$96.1B	4.1x	21.3x
Ecolab	$84.5B	5.3x	22.2x
Air Products	$74.3B	6.2x	14.6x
BASF	$68.9B	0.9x	8.0x
Shin-Etsu	$53.7B	3.2x	8.5x
Saudi Basic Industries	$48.0B	1.3x	9.5x
Wanhua Chemical	$42.6B	1.5x	9.3x
Sika	$41.5B	2.9x	14.9x
Nutrien	$40.5B	1.5x	6.9x
Rongsheng Petro Chemical	$40.2B	0.9x	8.5x
Chandra Asri Group	$39.8B	7.2x	3073.7x
DuPont	$37.8B	3.0x	11.5x
Eternal Ltd	$35.0B	10.4x	287.5x
Hengli Petrochemical	$34.4B	1.0x	9.7x
Novonesis	$32.3B	6.8x	18.4x
LG Chem	$31.7B	1.0x	6.7x
Dow	$31.2B	0.8x	8.7x
PPG	$29.0B	1.8x	10.2x
LyondellBasell Industries	$26.5B	0.8x	8.6x
Asian Paints	$24.7B	6.3x	35.2x
DSM-Firmenich	$24.7B	1.7x	9.3x
Borouge	$24.0B	4.2x	10.7x
Ningxia Baofeng Energy Group	$22.3B	3.4x	9.4x
Nippon Paint Holdings	$22.2B	1.9x	11.2x
International Flavors & Fragrances	$21.8B	2.0x	10.4x
Nippon Sanso Holdings	$18.7B	2.2x	9.4x
Industries Qatar	$18.1B	4.3x	14.0x
OMV	$17.8B	0.5x	2.3x
RPM International	$17.3B	2.3x	14.4x
Akzo Nobel	$16.8B	1.4x	9.8x
Celanese	$16.6B	1.7x	8.3x
Covestro	$15.9B	1.0x	16.0x
CF Industries	$15.7B	2.3x	5.9x
Ems-Chemie	$15.6B	6.3x	20.9x
Albemarle	$15.5B	3.1x	15.0x
Sociedad Química y Minera	$15.0B	n/a	n/a
Symrise	$14.8B	2.6x	12.0x
Sembcorp	$14.7B	3.0x	11.2x
Nitto Denko	$14.2B	2.2x	8.7x
Qinghai Salt Lake Industry	$14.1B	6.0x	13.1x
Westlake	$13.3B	1.1x	8.8x
Yara	$12.7B	0.8x	4.9x
SABIC Agri-Nutrient	$12.2B	3.7x	9.3x
Eastman Chemical	$11.7B	1.3x	7.4x
Evonik Industries	$11.5B	0.7x	5.1x
Rabigh Refining	$11.3B	1.2x	79.8x
Braskem	$11.0B	0.8x	11.3x
ICL Group	$10.7B	4.9x	23.8x
Syensqo	$10.0B	1.3x	6.6x
Axalta Coating Systems	$8.7B	1.7x	7.6x
NewMarket	$8.2B	3.0x	n/a
Brenntag	$8.2B	0.4x	5.2x
Orica	$8.0B	1.5x	8.3x
Sasol	$7.9B	0.6x	2.8x
FMC	$7.5B	1.8x	8.3x
IMCD	$7.5B	1.3x	11.4x
Arkema	$7.3B	0.7x	4.7x
Element Solutions	$7.2B	2.9x	13.3x
Alfa SAB de	$6.8B	0.7x	6.4x
Fertiglobe	$6.7B	2.8x	8.2x
Ecopro	$6.6B	2.7x	57.0x
Orbia Advance Corp SAB	$6.6B	0.8x	5.8x
Xin Feng Ming Group	$6.1B	0.6x	7.5x
Methanex	$6.1B	1.6x	7.0x
Chemours	$6.0B	1.0x	7.6x
Olin	$5.9B	0.9x	7.8x
Croda International	$5.9B	2.6x	11.3x
PI Indus	$5.7B	6.1x	22.9x
SOL	$5.7B	2.8x	11.1x
Solvay	$5.5B	1.0x	5.1x
Fuchs	$5.3B	1.3x	8.6x
Dottikon ES Holding	$5.3B	n/a	n/a
H.B. Fuller	$5.1B	1.5x	8.4x
Bachem	$5.1B	6.1x	21.4x
Azelis Group	$5.0B	1.0x	8.8x
SICC	$4.9B	18.7x	96.7x
Clariant	$4.9B	1.0x	5.8x
Lanxess	$4.8B	0.7x	7.7x
Advanced Petrochemical	$4.8B	5.1x	24.3x
Balchem	$4.8B	4.7x	17.8x
Saudi Kayan Petrochemical	$4.7B	2.1x	17.2x
Sensient Technologies	$4.7B	3.0x	16.6x
Dyno Nobel	$4.7B	1.3x	7.4x
Cabot	$4.6B	1.2x	5.7x
Wacker Chemie	$4.6B	0.7x	6.3x
Avient	$4.4B	1.3x	8.1x
Yansab	$4.4B	2.8x	11.5x
Mangalore Refinery	$4.3B	0.4x	11.7x
Luberef	$4.2B	1.8x	13.7x
Sahara Intl	$4.1B	2.1x	11.2x
Hawkins	$3.9B	3.8x	21.7x
Calumet	$3.8B	0.9x	15.4x
Perimeter Solutions	$3.8B	6.9x	13.9x
Tronox Holdings	$3.7B	1.3x	8.6x
Bluestar Adisseo	$3.7B	1.6x	7.3x
Kemira	$3.7B	1.1x	5.8x
Ashland	$3.5B	1.9x	8.8x
Alok Indus	$3.5B	n/a	n/a
Hexpol	$3.5B	1.7x	9.2x
Huntsman	$3.5B	0.6x	11.6x
Ingevity	$3.3B	2.5x	8.5x
Saudi Industrial Inv	$3.3B	n/a	103.6x
Alpek	$3.1B	0.4x	4.9x
Quaker Houghton	$3.0B	1.6x	10.0x
Enaex	$3.0B	n/a	n/a
POCO Holdings Co.	$2.9B	10.7x	32.8x
National Industralization	$2.9B	3.1x	40.9x
Controladora Alpek	$2.8B	n/a	n/a
Grupa Azoty	$2.8B	0.8x	169.1x
WD-40	$2.6B	4.3x	23.4x
Elkem	$2.6B	0.8x	8.4x
Trinseo	$2.5B	0.7x	12.6x
Solvac	$2.4B	n/a	n/a
Gubre Fabrikalari	$2.3B	n/a	n/a
Shanghai Petrochemical	$2.3B	0.2x	7.6x
Petkim Petrokimya Holding	$2.2B	1.0x	193.3x
Borregaard	$2.1B	2.8x	10.9x
Robertet	$2.1B	2.2x	11.1x
Saudi Chemical	$2.0B	n/a	n/a
Zeon	$2.0B	0.7x	6.3x
Shanghai C and D Innostic	$1.9B	n/a	n/a
CAC Nantong Chemical Co	$1.9B	n/a	n/a
Sao Martinho	$1.9B	1.4x	2.9x
Industrie De Nora	$1.9B	1.9x	10.6x
Alzchem Group	$1.8B	2.7x	13.9x
Turpaz Industries	$1.8B	n/a	n/a
Ecovyst	$1.8B	2.3x	7.6x
K+S	$1.7B	0.4x	2.5x
Stepan	$1.7B	0.7x	8.0x
Innospec	$1.6B	0.9x	7.9x
Unipar Carbocloro	$1.6B	1.7x	7.3x
Koppers Holdings	$1.6B	0.8x	6.1x
CVR Partners	$1.4B	2.7x	n/a
Elementis	$1.4B	2.2x	9.8x
CropEnergies	$1.4B	n/a	n/a
Vardhman	$1.4B	1.2x	9.2x
ASP Isotopes	$1.3B	105.5x	n/a
Orion	$1.3B	0.7x	4.8x
Verbio	$1.3B	0.7x	31.2x
Kronos Worldwide	$1.2B	0.6x	9.5x
Aksa Akrilik Kimya	$1.2B	1.8x	11.1x
Green Plains	$1.2B	0.5x	24.5x
Cosmo Advanced Materials	$1.1B	3.1x	57.1x
Cydsa	$1.1B	1.3x	4.7x
Westlake Chemical	$1.1B	1.0x	2.5x
Synthomer	$1.1B	0.4x	5.4x
Arvind	$1.0B	1.0x	10.1x
LSB Industries	$980M	1.8x	7.1x
Redox	$914M	1.1x	11.3x
AdvanSix	$910M	0.6x	5.2x
Valhi	$881M	0.4x	n/a
Chimcomplex SA Borzesti	$744M	n/a	n/a
Gevo	$732M	6.2x	156.0x
Gujarat State Fertilizers & Chemicals	$633M	n/a	n/a
Boryszew	$591M	n/a	n/a
SGL Carbon	$577M	0.5x	3.9x
Explosifs et Produits	$565M	0.9x	6.8x
Potasios De Chile	$550M	n/a	n/a
Aemetis	$537M	1.9x	-72.3x
SP Group	$535M	1.2x	5.9x
Alujain	$513M	1.4x	10.4x
Natac Natural Ingredients	$505M	12.1x	43.6x
Aspo	$485M	0.7x	6.4x
Exel Industries	$482M	0.4x	5.9x
PCC Rokita	$476M	0.9x	5.7x
Itafos	$420M	0.8x	2.5x
Uzin Utz	$406M	0.7x	5.5x
Oxiquim	$358M	n/a	n/a
Fabryka Farb I Lakierow	$349M	1.6x	9.0x
American Vanguard	$341M	0.6x	8.4x
Bioceres Crop Solutions	$327M	1.0x	9.9x
Creta Plastics	$326M	n/a	n/a
Hudson Technologies	$311M	1.3x	9.2x
H&R GmbH & Co	$311M	0.2x	3.1x
Cinkarna Celje	$295M	n/a	n/a
Intrepid Potash	$291M	1.2x	5.3x
Selena FM	$286M	n/a	n/a
Avantium	$278M	9.8x	-6.6x
Messer Tehnogas	$251M	n/a	n/a
Flugger Group	$245M	0.7x	5.7x
PCC Exol	$199M	n/a	n/a
DGL Group	$199M	0.6x	5.6x
XRF Scientific	$198M	5.0x	18.1x
Alto Ingredients	$195M	0.2x	47.2x
Lhyfe	$191M	17.4x	-6.1x
Delta Giri Wacana	$191M	n/a	n/a
Daios Plastic	$179M	n/a	n/a
NL Industries	$170M	1.2x	n/a
Gurit Holding	$164M	0.4x	4.2x
Solar Foods	$163M	152.4x	-171.6x
Dexxos Participacoes	$156M	0.4x	3.3x
5E Advanced Materials	$154M	n/a	n/a
Grupo Pochteca SAB de	$152M	n/a	n/a
Masterflex	$144M	1.2x	6.6x
Nabaltec	$140M	0.6x	3.9x
Arla Plast	$128M	n/a	n/a
I-Tech	$116M	5.8x	17.9x
IBU-tec adv materials	$114M	1.9x	98.1x
H2APEX Group	$113M	8.3x	-4.7x
Baikowski	$112M	n/a	n/a
eXoZymes	$103M	n/a	n/a
Carbios	$97.9M	110.8x	-2.8x
Amoeba	$94.2M	294.0x	-14.9x
Loop Industries	$81.7M	14.1x	-7.8x
Holland	$80.9M	n/a	n/a
Himsnab Bulgaria	$78.4M	n/a	n/a
Northern Technologies	$76.6M	0.9x	n/a
Exel Composites	$74.3M	0.6x	7.6x
SulNOx Group	$74.0M	n/a	n/a
Magis	$64.4M	0.7x	5.7x
KGL	$56.6M	n/a	n/a
Industrie Chimiche	$54.8M	0.6x	5.2x
Afyren	$44.2M	12.2x	-6.9x
Green Oleo	$43.8M	0.5x	17.1x
Hub Tech	$43.3M	n/a	n/a
BRAIN Biotech	$40.8M	0.6x	14.7x
Nexam Chemical Holding	$34.6M	1.6x	34.4x
Melamin	$34.3M	n/a	n/a
Polygiene Group	$30.1M	1.9x	16.2x
Lordos United Public	$29.0M	n/a	n/a
OrganoClick	$27.2M	2.2x	261.8x
Cropmate	$25.9M	n/a	n/a
Vinpai	$21.7M	2.0x	-10.2x
Hyenergy	$21.2M	n/a	n/a
Carbochim	$19.5M	n/a	n/a
Plasticos Compuestos	$19.0M	n/a	n/a
aXichem	$18.2M	n/a	n/a
Polwax	$16.5M	n/a	n/a
Onesano	$16.1M	n/a	n/a
Hove	$15.7M	n/a	n/a
Suntrade Group	$15.0M	n/a	n/a
Serstech	$12.7M	2.8x	-6.7x
Directa Plus	$11.5M	1.4x	-3.8x
Sinteza	$10.4M	n/a	n/a
Prymus	$6.5M	n/a	n/a
EcoRub	$5.4M	4.3x	-6.0x
Prebona	$5.3M	n/a	n/a
XP Chemistries	$5.0M	15.8x	-6.8x
Tribox Group	$5.0M	n/a	n/a
Encres Dubuit	$4.4M	n/a	n/a
Cyclezyme	$4.4M	n/a	n/a
SZAR	$3.1M	n/a	n/a
Svenska Aerogel Holding	$2.6M	n/a	n/a
Bergen Carbon Solns	$2.5M	15.7x	-0.7x
Krakchemia	$2.4M	n/a	n/a
Biofrigas Sweden	$1.7M	n/a	n/a
Global Bioenergies	$1.4M	4.1x	-0.1x
Nattaro Labs	$1.4M	n/a	n/a
POLYDUCT Plastic	$1.3M	n/a	n/a
Recyctec Holding	$1.3M	n/a	n/a
Black Point	$1.2M	n/a	n/a
Polymer Factory Sweden	$1.1M	n/a	n/a
Neochim	-$6.0M	n/a	n/a
OCI	-$21.5M	-0.0x	-0.3x