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	$219B	6.5x	16.4x
Sherwin-Williams	$94.6B	4.0x	20.9x
Ecolab	$81.1B	5.1x	21.1x
BASF	$71.2B	1.0x	8.6x
Air Products	$70.5B	5.8x	13.7x
Shin-Etsu	$49.0B	3.0x	8.2x
Wanhua Chemical	$45.0B	1.6x	9.5x
Nutrien	$43.4B	1.6x	7.0x
Saudi Basic Industries	$41.8B	1.1x	8.4x
Rongsheng Petro Chemical	$40.4B	0.9x	8.1x
Sika	$39.6B	2.8x	14.7x
Chandra Asri Group	$37.7B	5.9x	4678.8x
Hengli Petrochemical	$36.2B	1.1x	10.2x
LG Chem	$35.3B	1.1x	7.5x
Novonesis	$32.1B	6.6x	17.7x
Dow	$31.4B	0.8x	9.6x
PPG	$29.3B	1.9x	10.5x
Asian Paints	$29.1B	7.5x	41.2x
Eternal Ltd	$27.9B	5.9x	246.9x
LyondellBasell Industries	$25.5B	0.8x	9.3x
DuPont	$23.9B	3.4x	11.1x
Borouge	$23.5B	4.2x	11.0x
DSM-Firmenich	$23.3B	1.6x	8.7x
International Flavors & Fragrances	$22.9B	2.1x	10.9x
Ningxia Baofeng Energy Group	$22.7B	3.2x	8.9x
Nippon Paint Holdings	$21.3B	1.9x	10.6x
Sociedad Química y Minera	$20.7B	n/a	n/a
Albemarle	$19.9B	3.9x	19.0x
OMV	$19.3B	0.5x	2.5x
Nippon Sanso Holdings	$17.5B	2.1x	8.9x
Qinghai Salt Lake Industry	$17.3B	7.2x	14.9x
Industries Qatar	$17.2B	4.1x	13.2x
RPM International	$16.4B	2.2x	13.4x
Covestro	$16.3B	1.1x	17.4x
Celanese	$16.2B	1.7x	8.4x
Akzo Nobel	$16.2B	1.3x	9.4x
Ems-Chemie	$15.3B	6.3x	20.0x
Sembcorp	$14.3B	2.9x	11.7x
Nitto Denko	$14.0B	2.2x	8.7x
CF Industries	$13.9B	2.0x	5.0x
Yara	$13.5B	0.9x	5.0x
Symrise	$13.4B	2.3x	10.8x
Westlake	$12.7B	1.1x	11.1x
Rabigh Refining	$12.4B	1.3x	-9821.7x
Eastman Chemical	$11.9B	1.3x	8.0x
Braskem	$11.4B	0.9x	17.3x
Ecopro	$11.4B	4.6x	75.0x
Evonik Industries	$11.0B	0.7x	5.0x
SABIC Agri-Nutrient	$11.0B	3.2x	8.2x
Syensqo	$10.1B	1.4x	6.9x
Axalta Coating Systems	$9.5B	1.9x	8.3x
Orica	$9.1B	1.7x	9.0x
ICL Group	$8.6B	3.8x	18.7x
Brenntag	$8.5B	0.5x	5.5x
Sasol	$8.2B	0.6x	3.0x
Alfa SAB de	$7.5B	0.8x	7.3x
NewMarket	$7.5B	2.7x	n/a
Arkema	$7.4B	0.7x	4.9x
Element Solutions	$7.2B	2.9x	13.2x
IMCD	$6.7B	1.2x	10.3x
Fertiglobe	$6.7B	2.5x	7.1x
Xin Feng Ming Group	$6.6B	0.7x	8.2x
Orbia Advance Corp SAB	$6.5B	0.8x	5.9x
Methanex	$6.2B	1.7x	7.2x
Croda International	$5.9B	2.6x	11.4x
FMC	$5.8B	1.5x	6.8x
Dottikon ES Holding	$5.6B	n/a	n/a
SOL	$5.6B	2.7x	10.7x
Chemours	$5.5B	1.0x	7.3x
Olin	$5.5B	0.8x	7.7x
Solvay	$5.4B	1.0x	5.3x
SICC	$5.3B	24.0x	124.7x
Fuchs	$5.3B	1.3x	8.5x
Balchem	$5.3B	5.1x	19.3x
H.B. Fuller	$5.2B	1.5x	8.4x
Bachem	$5.0B	5.8x	20.3x
PI Indus	$5.0B	5.7x	21.2x
Clariant	$4.9B	1.0x	5.8x
Wacker Chemie	$4.8B	0.8x	7.2x
Sensient Technologies	$4.8B	3.0x	16.3x
Dyno Nobel	$4.7B	1.4x	7.0x
Lanxess	$4.6B	0.7x	7.6x
Azelis Group	$4.6B	0.9x	8.2x
Cabot	$4.5B	1.2x	5.7x
Luberef	$4.5B	2.1x	14.7x
Advanced Petrochemical	$4.4B	4.8x	19.6x
Avient	$4.3B	1.3x	8.0x
Saudi Kayan Petrochemical	$4.3B	1.9x	15.4x
Mangalore Refinery	$4.0B	0.4x	9.6x
Ashland	$4.0B	2.2x	9.8x
Tronox Holdings	$3.9B	1.4x	10.9x
Calumet	$3.9B	1.0x	13.3x
Alok Indus	$3.7B	n/a	n/a
Kemira	$3.7B	1.1x	5.9x
Huntsman	$3.7B	0.6x	13.2x
Hexpol	$3.7B	1.7x	9.5x
Yansab	$3.5B	2.3x	10.9x
Bluestar Adisseo	$3.5B	1.4x	7.1x
Enaex	$3.4B	n/a	n/a
Sahara International	$3.4B	1.9x	13.5x
Ingevity	$3.3B	2.6x	8.4x
Hawkins	$3.3B	3.1x	18.0x
Quaker Houghton	$3.1B	1.7x	10.3x
Alpek	$3.0B	0.4x	5.0x
POCO Holdings Co.	$2.9B	11.2x	33.4x
WD-40	$2.8B	4.5x	23.8x
Grupa Azoty	$2.7B	0.7x	50.9x
Elkem	$2.7B	0.9x	8.9x
National Industralization	$2.6B	2.9x	-15.2x
Gubre Fabrikalari	$2.5B	n/a	n/a
Trinseo	$2.5B	0.7x	14.5x
Robertet	$2.3B	2.3x	11.9x
Saudi Industrial Inv	$2.2B	n/a	163.0x
Solvac	$2.2B	n/a	n/a
Turpaz Industries	$2.2B	n/a	n/a
Shanghai C and D Innostic	$2.2B	n/a	n/a
Borregaard	$2.1B	2.9x	11.5x
Sao Martinho	$2.1B	1.5x	3.1x
Shanghai Petrochemical	$2.0B	0.2x	8.8x
Petkim Petrokimya Holding	$2.0B	0.9x	-98.6x
Zeon	$1.9B	0.7x	6.2x
CAC Nantong Chemical Co	$1.9B	n/a	n/a
Ecovyst	$1.9B	2.5x	9.8x
K+S	$1.8B	0.4x	2.6x
Saudi Chemical	$1.8B	n/a	n/a
Innospec	$1.7B	1.0x	8.8x
Stepan	$1.7B	0.7x	7.9x
Alzchem Group	$1.7B	2.5x	12.5x
Verbio	$1.6B	0.8x	27.4x
Industrie De Nora	$1.6B	1.5x	7.9x
Koppers Holdings	$1.5B	0.8x	6.1x
Unipar Carbocloro	$1.5B	1.6x	7.2x
Vardhman	$1.5B	1.3x	10.0x
Aksa Akrilik Kimya	$1.4B	1.6x	12.6x
CVR Partners	$1.4B	2.7x	n/a
Elementis	$1.4B	2.3x	9.4x
CropEnergies	$1.4B	n/a	n/a
Orion	$1.3B	0.7x	5.4x
Cosmo Advanced Materials	$1.2B	3.6x	77.0x
Cydsa	$1.2B	1.3x	5.1x
Kronos Worldwide	$1.2B	0.6x	17.8x
Arvind	$1.1B	1.1x	10.9x
Synthomer	$1.1B	0.4x	5.6x
Westlake Chemical	$1.0B	0.9x	2.4x
LSB Industries	$961M	1.6x	6.4x
Green Plains	$931M	0.4x	12.6x
Redox	$915M	1.1x	11.1x
Valhi	$849M	0.4x	n/a
AdvanSix	$815M	0.5x	5.3x
Chimcomplex SA Borzesti	$705M	n/a	n/a
Potasios De Chile	$688M	n/a	n/a
Explosifs et Produits	$683M	1.1x	8.2x
ASP Isotopes	$630M	80.1x	n/a
Gevo	$614M	4.3x	57.6x
Boryszew	$589M	n/a	n/a
Gujarat State Fertilizers & Chemicals	$583M	n/a	n/a
SP Group	$577M	1.3x	6.5x
SGL Carbon	$524M	0.5x	3.5x
Natac Natural Ingredients	$516M	8.2x	26.7x
Exel Industries	$510M	0.4x	6.3x
Aspo	$506M	0.7x	6.6x
PCC Rokita	$471M	0.9x	5.5x
Aemetis	$437M	2.0x	-19.0x
Alujain	$429M	1.2x	9.8x
Itafos	$392M	0.7x	2.4x
Uzin Utz	$381M	0.6x	5.1x
Oxiquim	$375M	n/a	n/a
Avantium	$360M	12.1x	-8.7x
Selena FM	$352M	n/a	n/a
Bioceres Crop Solutions	$338M	1.0x	8.5x
Fabryka Farb I Lakierow	$320M	1.4x	8.0x
Creta Plastics	$314M	n/a	n/a
H&R GmbH & Co	$301M	0.2x	3.2x
American Vanguard	$295M	0.5x	7.4x
Alto Ingredients	$289M	0.3x	12.2x
Intrepid Potash	$287M	1.2x	5.0x
Cinkarna Celje	$277M	n/a	n/a
Messer Tehnogas	$262M	n/a	n/a
Hudson Technologies	$239M	1.0x	7.7x
Flugger Group	$226M	0.6x	5.2x
DGL Group	$201M	0.6x	5.8x
Delta Giri Wacana	$196M	n/a	n/a
XRF Scientific	$190M	4.5x	16.5x
Lhyfe	$189M	15.5x	-6.0x
Carbios	$189M	236.4x	-6.3x
Daios Plastic	$188M	n/a	n/a
PCC Exol	$184M	n/a	n/a
Grupo Pochteca SAB de	$179M	n/a	n/a
NL Industries	$175M	1.2x	n/a
Gurit Holding	$166M	0.4x	-3.9x
Dexxos Participacoes	$164M	0.4x	3.3x
Sulnox Group	$150M	n/a	n/a
Solar Foods	$150M	115.0x	-65.9x
Masterflex	$146M	1.2x	6.4x
Nabaltec	$145M	0.6x	4.1x
IBU-tec adv materials	$113M	2.1x	19.9x
eXoZymes	$109M	n/a	n/a
Baikowski	$105M	n/a	n/a
H2APEX Group	$97.3M	8.1x	-2.8x
Arla Plast	$95.4M	n/a	n/a
Amoeba	$93.4M	235.6x	-14.3x
Afyren	$86.7M	23.2x	-13.4x
5E Advanced Materials	$81.7M	n/a	n/a
Exel Composites	$80.7M	0.7x	8.3x
Holland	$79.5M	n/a	n/a
Himsnab Bulgaria	$79.4M	n/a	n/a
Northern Technologies	$79.4M	0.9x	n/a
BRAIN Biotech	$65.6M	1.0x	16.8x
KGL	$61.7M	n/a	n/a
Magis	$61.1M	0.7x	6.2x
I-Tech	$58.3M	3.1x	10.6x
Industrie Chimiche	$54.8M	0.6x	5.1x
Green Oleo	$42.6M	0.5x	18.3x
Loop Industries	$38.8M	10.9x	-3.6x
Hub Tech	$38.1M	n/a	n/a
Melamin	$34.7M	n/a	n/a
Polygiene Group	$34.5M	2.1x	22.6x
Nexam Chemical Holding	$31.0M	1.4x	39.4x
Lordos United Public	$28.8M	n/a	n/a
OrganoClick	$28.0M	2.4x	-170.3x
Cropmate	$25.7M	n/a	n/a
Neochim	$24.0M	n/a	n/a
Vinpai	$23.9M	2.2x	-11.1x
Hyenergy	$21.7M	n/a	n/a
Hove	$19.8M	n/a	n/a
Carbochim	$19.7M	n/a	n/a
Plasticos Compuestos	$17.6M	n/a	n/a
Onesano	$14.5M	n/a	n/a
aXichem	$14.4M	n/a	n/a
Polwax	$13.2M	n/a	n/a
Serstech	$12.9M	2.6x	-7.1x
Sinteza	$9.7M	n/a	n/a
Suntrade Group	$8.8M	n/a	n/a
Directa Plus	$8.2M	0.9x	-2.9x
Prymus	$6.3M	n/a	n/a
EcoRub	$5.9M	4.6x	-6.4x
Encres Dubuit	$5.7M	n/a	n/a
Prebona	$5.1M	n/a	n/a
Tribox Group	$4.6M	n/a	n/a
Cyclezyme	$3.9M	n/a	n/a
Nattaro Labs	$3.7M	n/a	n/a
SZAR	$3.2M	n/a	n/a
Svenska Aerogel Holding	$2.7M	n/a	n/a
Biofrigas Sweden	$2.6M	n/a	n/a
XP Chemistries	$2.3M	52.2x	-2.5x
Krakchemia	$1.8M	n/a	n/a
Bergen Carbon Solns	$1.6M	n/a	-0.4x
POLYDUCT Plastic	$1.3M	n/a	n/a
Global Bioenergies	$1.3M	3.8x	-0.1x
Black Point	$0.9M	n/a	n/a
Polymer Factory Sweden	$0.8M	n/a	n/a
Recyctec Holding	$0.6M	n/a	n/a
OCI	-$196M	-0.2x	-5.0x