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Perimeter Solutions SA (PRM)

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Upturn Advisory Summary
12/31/2025: PRM (4-star) is a STRONG-BUY. BUY since 166 days. Simulated Profits (161.69%). Updated daily EoD!
1 Year Target Price $32.5
1 Year Target Price $32.5
| 1 | Strong Buy |
| 1 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 402.9% | Avg. Invested days 76 | Today’s Advisory Regular Buy |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.12B USD | Price to earnings Ratio 51.52 | 1Y Target Price 32.5 |
Price to earnings Ratio 51.52 | 1Y Target Price 32.5 | ||
Volume (30-day avg) 2 | Beta 1.97 | 52 Weeks Range 8.76 - 29.78 | Updated Date 12/31/2025 |
52 Weeks Range 8.76 - 29.78 | Updated Date 12/31/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.54 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 12.26% | Operating Margin (TTM) -27.69% |
Management Effectiveness
Return on Assets (TTM) 0.63% | Return on Equity (TTM) 7.39% |
Valuation
Trailing PE 51.52 | Forward PE 19.84 | Enterprise Value 4482444779 | Price to Sales(TTM) 6.47 |
Enterprise Value 4482444779 | Price to Sales(TTM) 6.47 | ||
Enterprise Value to Revenue 7.04 | Enterprise Value to EBITDA 46.29 | Shares Outstanding 147923716 | Shares Floating 140091155 |
Shares Outstanding 147923716 | Shares Floating 140091155 | ||
Percent Insiders 7.63 | Percent Institutions 89.58 |
Upturn AI SWOT
Perimeter Solutions SA
Company Overview
History and Background
Perimeter Solutions SA, formerly known as ICL Industrial Products, was established as part of ICL Group and later acquired by Clayton, Dubilier & Rice (CD&R) in 2021, and subsequently renamed Perimeter Solutions. The company is a global leader in the production and sale of fire-fighting chemicals, flame retardants, and specialty chemicals. Key milestones include its spin-off from ICL and its strategic growth as an independent entity focused on specialized chemical solutions.
Core Business Areas
- Fire Fighting Chemicals: Perimeter Solutions is a leading producer of fire-fighting chemicals, primarily aqueous film-forming foams (AFFFs) and dry chemical retardants used for both emergency response and prescribed burns. This segment serves a critical role in wildfire management and industrial fire suppression.
- Flame Retardants: The company manufactures a range of flame retardant solutions, including phosphorus-based and bromine-based products, utilized across various industries such as electronics, construction, automotive, and textiles to enhance fire safety in consumer and industrial products.
- Specialty Chemicals: This segment encompasses a portfolio of other specialty chemical products, often tailored to specific industrial applications, providing customized solutions for diverse manufacturing processes.
Leadership and Structure
Perimeter Solutions operates under a private equity ownership model with Clayton, Dubilier & Rice. The leadership team consists of experienced executives with backgrounds in the chemical industry and corporate management. The organizational structure is designed to support its global manufacturing and distribution network.
Top Products and Market Share
Key Offerings
- Description: High-performance fire suppressants used in aviation, industrial, and military applications. Market share is significant within the specialized AFFF market. Key competitors include 3M, National Foam, and Angus Fire.
- Market Share Data: Precise market share figures are not publicly disclosed but the company is a major player in this niche market.
- Product Name: Aqueous Film-Forming Foams (AFFFs)
- Description: Used extensively by wildland firefighters and for prescribed burns. Competitors include Amerex Corporation and other chemical manufacturers specializing in fire retardant powders.
- Market Share Data: The company holds a substantial portion of the wildland fire retardant market.
- Product Name: Dry Chemical Fire Retardants
- Description: A diverse range of BFRs used in plastics, textiles, and electronics for fire safety. Competitors include Lanxess, Albemarle Corporation, and ICL Specialty Products (a former division).
- Market Share Data: Perimeter Solutions is a significant supplier in the BFR market, though specific percentages vary by sub-segment.
- Product Name: Brominated Flame Retardants (BFRs)
- Description: Environmentally friendlier alternatives to some BFRs, used in polymers and coatings. Competitors include Clariant, Lanxess, and ICL Specialty Products.
- Market Share Data: A growing segment where Perimeter Solutions is a key provider.
- Product Name: Phosphorus-Based Flame Retardants
Market Dynamics
Industry Overview
The industries Perimeter Solutions operates in, namely fire safety chemicals and specialty chemicals, are driven by stringent regulatory requirements, increasing demand for safety products, and growing industrialization. The fire-fighting chemical market is heavily influenced by environmental regulations and the need for effective wildfire suppression. The flame retardant market is evolving with a push towards more sustainable and less toxic alternatives.
Positioning
Perimeter Solutions is a leading global manufacturer with a strong reputation for product quality and technical expertise in fire-fighting chemicals and flame retardants. Its competitive advantages include a broad product portfolio, established customer relationships, and significant manufacturing capacity. The company is well-positioned to benefit from increasing global demand for fire safety solutions and evolving flame retardant technologies.
Total Addressable Market (TAM)
The global fire-fighting chemicals market is estimated to be worth billions of dollars, with significant growth projected due to increasing wildfire frequency and intensity. The flame retardant market is also substantial and growing, driven by regulatory mandates and consumer safety awareness. Perimeter Solutions is a key player in both these markets, positioned to capture a significant share of this TAM through its specialized offerings.
Upturn SWOT Analysis
Strengths
- Strong market position in fire-fighting chemicals and flame retardants.
- Broad and diverse product portfolio.
- Established global manufacturing and distribution network.
- Technical expertise and product innovation.
- Strong customer relationships.
Weaknesses
- Reliance on specific raw material inputs, which can be subject to price volatility.
- Potential for product obsolescence due to evolving regulations and technologies.
- As a privately held company, less public financial transparency compared to listed entities.
- Environmental concerns and regulatory scrutiny surrounding certain chemical products (e.g., some legacy flame retardants).
Opportunities
- Growing demand for effective wildfire management solutions.
- Increasing adoption of flame retardants in emerging economies.
- Development and market penetration of newer, more sustainable flame retardant chemistries.
- Strategic acquisitions to expand product offerings or geographic reach.
- Increased focus on safety in industrial and consumer products globally.
Threats
- Increasingly stringent environmental regulations globally.
- Competition from new entrants and established players developing alternative solutions.
- Fluctuations in raw material costs and availability.
- Economic downturns impacting demand in key end-use industries.
- Public perception and potential bans on certain chemical classes.
Competitors and Market Share
Key Competitors
- 3M (MMM)
- Lanxess AG (LNXSY)
- Albemarle Corporation (ALB)
- Clariant AG (CLZNY)
- IFF (IFF) (formerly DuPont's Nutrition & Biosciences division, relevant for some specialty chemical aspects)
Competitive Landscape
Perimeter Solutions competes in a landscape characterized by established global chemical companies and specialized niche players. Its advantage lies in its deep expertise in fire-fighting chemicals and a significant presence in flame retardants. However, it faces competition from companies with broader chemical portfolios and greater R&D budgets. The push for 'green' chemistry presents both a challenge and an opportunity for Perimeter Solutions.
Major Acquisitions
ICL Industrial Products (as part of ICL Group's divestiture)
- Year: 2021
- Acquisition Price (USD millions):
- Strategic Rationale: The acquisition by Clayton, Dubilier & Rice aimed to unlock the growth potential of Perimeter Solutions as a standalone entity, allowing for focused investment and strategic direction in its specialized chemical markets.
Growth Trajectory and Initiatives
Historical Growth: Perimeter Solutions has a history of growth driven by its established market position and continuous product development within its core segments. Its spin-off from ICL and subsequent acquisition by CD&R signal a strategic focus on accelerating this growth.
Future Projections: Future growth is anticipated to be driven by increasing demand for fire safety solutions, particularly in regions experiencing more frequent wildfires, and the ongoing need for advanced flame retardants in various industries. Strategic investments in R&D and potential acquisitions are also expected to fuel growth.
Recent Initiatives: Recent initiatives likely focus on operational optimization, expanding market penetration in key growth regions, and potentially exploring new product lines or technologies in response to evolving market needs and regulatory landscapes. The integration under CD&R likely involves strategic planning to enhance value.
Summary
Perimeter Solutions SA is a significant player in the specialized chemical markets of fire-fighting chemicals and flame retardants. Its strong product portfolio and established market presence are key strengths, well-positioned to benefit from global safety trends. However, navigating evolving regulations and competition requires continuous innovation and strategic adaptation. The company's future success hinges on its ability to capitalize on growth opportunities while managing potential threats from regulatory changes and raw material volatility.
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Sources and Disclaimers
Data Sources:
- Industry reports and market analysis (e.g., chemical industry publications, market research firms).
- Company press releases and investor information (where available for privately held entities).
- Financial news outlets and analyst commentary (for competitive landscape and industry trends).
Disclaimers:
Information provided is based on publicly available data and general industry knowledge. As Perimeter Solutions SA is a privately held company, detailed financial performance, market share figures, and specific acquisition prices are not publicly disclosed and are estimates or inferred where possible. This analysis is for informational purposes only and does not constitute investment advice. Users should conduct their own due diligence.
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 Perimeter Solutions SA
Exchange NYSE | Headquaters Clayton, MO, United States | ||
IPO Launch date 2021-11-09 | CEO & Director Mr. Haitham R. Khouri | ||
Sector Basic Materials | Industry Specialty Chemicals | Full time employees 319 | |
Full time employees 319 | |||
Perimeter Solutions, Inc. manufactures and supplies firefighting products and lubricant additives in the United States, Germany, and internationally. It operates in two segments, Fire Safety and Specialty Products. The Fire Safety segment provides fire retardants and firefighting foams, as well as specialized equipment and services for federal, state, provincial, local/municipal, and commercial customers. The Specialty Products segment develops, produces, and markets products for non-fire safety markets, including phosphorus pentasulfide based lubricant additives used in pesticide and mining chemicals applications, and electric battery technologies. The company was founded in 1963 and is headquartered in Clayton, Missouri with fire retardant production facility in Sacramento, California.

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