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Albemarle Corp (ALB)ALB
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Upturn Advisory Summary
11/06/2024: ALB (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: -61.38% | Upturn Advisory Performance 2 | Avg. Invested days: 22 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 11/06/2024 |
Type: Stock | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: -61.38% | Avg. Invested days: 22 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 11/06/2024 | Upturn Advisory Performance 2 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 11.82B USD |
Price to earnings Ratio - | 1Y Target Price 109.85 |
Dividends yield (FY) 1.61% | Basic EPS (TTM) -4.68 |
Volume (30-day avg) 2450437 | Beta 1.54 |
52 Weeks Range 71.64 - 151.79 | Updated Date 11/6/2024 |
Company Size Large-Cap Stock | Market Capitalization 11.82B USD | Price to earnings Ratio - | 1Y Target Price 109.85 |
Dividends yield (FY) 1.61% | Basic EPS (TTM) -4.68 | Volume (30-day avg) 2450437 | Beta 1.54 |
52 Weeks Range 71.64 - 151.79 | Updated Date 11/6/2024 |
Earnings Date
Report Date 2024-11-06 | When AfterMarket |
Estimate -0.44 | Actual - |
Report Date 2024-11-06 | When AfterMarket | Estimate -0.44 | Actual - |
Profitability
Profit Margin -6.72% | Operating Margin (TTM) -13.69% |
Management Effectiveness
Return on Assets (TTM) -4.51% | Return on Equity (TTM) -4.1% |
Revenue by Products
Revenue by Products - Current and Previous Year
Revenue by Geography
Revenue by Geography - Current and Previous Year
Valuation
Trailing PE - | Forward PE 24.63 |
Enterprise Value 15655061188 | Price to Sales(TTM) 1.58 |
Enterprise Value to Revenue 2.11 | Enterprise Value to EBITDA 22.45 |
Shares Outstanding 117533000 | Shares Floating 117047823 |
Percent Insiders 0.35 | Percent Institutions 95.5 |
Trailing PE - | Forward PE 24.63 | Enterprise Value 15655061188 | Price to Sales(TTM) 1.58 |
Enterprise Value to Revenue 2.11 | Enterprise Value to EBITDA 22.45 | Shares Outstanding 117533000 | Shares Floating 117047823 |
Percent Insiders 0.35 | Percent Institutions 95.5 |
Analyst Ratings
Rating 3.57 | Target Price 251.24 | Buy 3 |
Strong Buy 8 | Hold 15 | Sell 1 |
Strong Sell 1 |
Rating 3.57 | Target Price 251.24 | Buy 3 | Strong Buy 8 |
Hold 15 | Sell 1 | Strong Sell 1 |
AI Summarization
Albemarle Corporation: A Comprehensive Overview
Company Profile:
History and Background:
- Founded in 1994 through the merger of Ethyl Corporation and Albemarle Paper Company.
- Has a long history dating back to 1887 with its roots in the bromine and lithium businesses.
- Today, Albemarle is a leading global specialty chemicals company with a focus on lithium, bromine, and catalysts.
Core Business Areas:
- Lithium & Bromine: Albemarle is a leading producer of lithium, a critical element for electric vehicle batteries, and bromine, used in flame retardants and other applications.
- Catalysts: Albemarle provides catalysts and technology for the refining, petrochemical, and chemical industries.
- Performance Chemicals: Albemarle offers various specialty chemicals for various industries, including pharmaceuticals, agriculture, and construction.
Leadership and Corporate Structure:
- CEO: Kent Masters
- President: Eric Norris
- Executive Vice President & CFO: Scott Tozier
- Board of Directors: Comprised of 11 members with expertise in various fields.
- Corporate Structure: Headquartered in Charlotte, North Carolina, with operations in over 100 countries.
Top Products and Market Share:
Top Products:
- Lithium: Albemarle is the world's largest producer of lithium, with a market share of approximately 20%.
- Bromine: The company is the second-largest producer of bromine globally, with a market share of approximately 14%.
- Catalysts: Albemarle is a leading provider of catalysts for fluid catalytic cracking (FCC) and hydroprocessing, with a significant market share in both segments.
Market Share:
- Lithium: Albemarle faces competition from SQM, Tianqi Lithium, and Livent.
- Bromine: Major competitors include ICL and Lanxess.
- Catalysts: Key rivals include BASF, Clariant, and UOP.
Total Addressable Market:
- Lithium: The global lithium market is expected to reach $30.5 billion by 2027, driven by the growth of the electric vehicle industry.
- Bromine: The global bromine market is estimated to be worth $3.2 billion, with applications in flame retardants and other industrial uses.
- Catalysts: The global catalysts market is valued at $28.5 billion, driven by the demand for cleaner and more efficient industrial processes.
Financial Performance:
- Revenue: In 2022, Albemarle reported revenue of $7.2 billion, up from $3.8 billion in 2021.
- Net Income: Net income for 2022 was $2.3 billion, compared to $412 million in 2021.
- Profit Margins: Gross margin increased from 22.9% in 2021 to 32.3% in 2022. Operating margin also rose from 10.8% to 30.9% during the same period.
- Earnings Per Share (EPS): EPS for 2022 was $29.25, compared to $5.20 in 2021.
Dividends and Shareholder Returns:
- Dividend History: Albemarle has a consistent dividend payment history. The current annual dividend yield is 0.8%, and the payout ratio is approximately 4.5%.
- Shareholder Returns: Over the past year, Albemarle stock has returned 80%, outperforming the S&P 500. Over five years, total shareholder returns have reached 300%.
Growth Trajectory:
- Historical Growth: Albemarle has experienced significant growth in recent years, driven by the strong demand for lithium. Revenue has more than doubled since 2019.
- Future Growth Projections: The company expects continued strong growth in the coming years, with lithium demand exceeding supply in the foreseeable future.
- Recent Initiatives: Albemarle is expanding its lithium production capacity through new projects in Australia and Chile. The company is also investing in research and development to develop new lithium technologies.
Market Dynamics:
- Industry Trends: The electric vehicle industry is the primary driver of lithium demand, leading to a significant supply shortage.
- Technological Advancements: New battery technologies, such as solid-state batteries, could impact future lithium demand.
Positioning within the Industry:
- Lithium Leader: Albemarle is well-positioned to benefit from the strong lithium demand, being one of the world's leading producers and拥有 diversified production facilities.
- Adaptability and Innovation: The company is actively investing in R&D and expansion projects to maintain its competitive edge.
Competitors:
- Lithium: Key competitors include SQM (SQM), Tianqi Lithium (SHE:002466), and Livent (LTHM).
- Bromine: Major competitors include ICL (ICL) and Lanxess (LXS).
- Catalysts: Primary competitors include BASF (BAS), Clariant (CLN), and UOP (HON).
Market Share Percentages:
- Lithium: Albemarle (
20%), SQM (18%), Tianqi (10%), Livent (7%) - Bromine: Albemarle (
14%), ICL (25%), Lanxess (~12%) - Catalysts: Albemarle (significant share, exact percentage unavailable)
Competitive Advantages:
- Leading Market Position: Albemarle is one of the largest lithium and bromine producers globally, providing economies of scale and production flexibility.
- Diversified Operations: The company operates across multiple business segments, offering risk mitigation against market fluctuations.
- Technology Leadership: Albemarle invests heavily in R&D and holds patents for innovative lithium technologies.
Disadvantages:
- Price Volatility: Lithium prices are highly volatile due to supply-demand imbalances and geopolitical influences.
- Environmental Impact: Lithium extraction can have environmental consequences, requiring careful management.
Potential Challenges and Opportunities:
Key Challenges:
- Managing Supply Chain Disruptions: Lithium supply chains face potential disruptions from geopolitical events or natural disasters.
- Responding to Technological Shifts: The development of new battery technologies could impact lithium demand.
- Maintaining Environmental and Social Standards: Albemarle faces increasing scrutiny over its environmental and social impact.
Potential Opportunities:
- Expanding Market Share: Growing lithium demand provides an opportunity to expand production capacity and market share.
- Developing New Technologies: Investing in R&D can lead to breakthrough technologies for lithium extraction or battery performance.
- Exploring New Markets: Lithium has applications beyond electric vehicles, creating potential for diversification into new markets.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Albemarle Corp
Exchange | NYSE | Headquaters | Charlotte, NC, United States |
IPO Launch date | 1994-02-17 | Chairman, President & CEO | Mr. Jerry Kent Masters Jr. |
Sector | Basic Materials | Website | https://www.albemarle.com |
Industry | Specialty Chemicals | Full time employees | 9000 |
Headquaters | Charlotte, NC, United States | ||
Chairman, President & CEO | Mr. Jerry Kent Masters Jr. | ||
Website | https://www.albemarle.com | ||
Website | https://www.albemarle.com | ||
Full time employees | 9000 |
Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Energy Storage, Specialties and Ketjen. The Energy Storage segment offers lithium compounds, including lithium carbonate, lithium hydroxide, and lithium chloride; technical services for the handling and use of reactive lithium products; and lithium-containing by-products recycling services. The Specialties segment provides bromine-based specialty chemicals, including elemental bromine, alkyl and inorganic bromides, brominated powdered activated carbon, and other bromine fine chemicals; lithium specialties, such as butyllithium and lithium aluminum hydride; develops and manufactures cesium products for the chemical and pharmaceutical industries; and zirconium, barium, and titanium products for pyrotechnical applications that include airbag initiators. The Ketjen segment offers clean fuels technologies (CFT), which is composed of hydroprocessing catalysts (HPC) together with isomerization and akylation catalysts; fluidized catalytic cracking (FCC) catalysts and additives; and performance catalyst solutions (PCS), which is composed of organometallics and curatives. The company serves the energy storage, petroleum refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals, and crop protection markets. Albemarle Corporation was founded in 1887 and is headquartered in Charlotte, North Carolina.
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