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Ashland Global Holdings Inc (ASH)



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Upturn Advisory Summary
02/03/2025: ASH (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -28.69% | Avg. Invested days 31 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.73B USD | Price to earnings Ratio - | 1Y Target Price 80.11 |
Price to earnings Ratio - | 1Y Target Price 80.11 | ||
Volume (30-day avg) 595944 | Beta 0.89 | 52 Weeks Range 54.86 - 100.84 | Updated Date 04/1/2025 |
52 Weeks Range 54.86 - 100.84 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 2.73% | Basic EPS (TTM) -0.1 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -1.08% | Operating Margin (TTM) 1.73% |
Management Effectiveness
Return on Assets (TTM) 1.94% | Return on Equity (TTM) 0.18% |
Valuation
Trailing PE - | Forward PE 12.99 | Enterprise Value 3923225766 | Price to Sales(TTM) 1.33 |
Enterprise Value 3923225766 | Price to Sales(TTM) 1.33 | ||
Enterprise Value to Revenue 1.92 | Enterprise Value to EBITDA 56.86 | Shares Outstanding 47182900 | Shares Floating 46615252 |
Shares Outstanding 47182900 | Shares Floating 46615252 | ||
Percent Insiders 1.03 | Percent Institutions 91.06 |
Analyst Ratings
Rating 4.45 | Target Price 90.6 | Buy - | Strong Buy 8 |
Buy - | Strong Buy 8 | ||
Hold 3 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Ashland Global Holdings Inc

Company Overview
History and Background
Ashland was founded in 1924 as Ashland Refining Company. It has evolved from a regional refinery into a global specialty chemicals company through strategic acquisitions and divestitures.
Core Business Areas
- Specialty Additives: Provides advanced technologies, additives, and functional ingredients that improve the performance of products in industries such as adhesives, architectural coatings, automotive, construction, energy, food and beverage, personal care, and pharmaceuticals.
Leadership and Structure
Guillermo Novo serves as the Chairman and Chief Executive Officer. The company operates with a functional organizational structure, encompassing key departments such as R&D, Operations, Finance, and Sales & Marketing.
Top Products and Market Share
Key Offerings
- Benecelu2122 Methylcellulose: A cellulose ether used as a thickener, binder, film former, and stabilizer in pharmaceutical and food applications. Market share is estimated at 10-15% globally, with competitors like Dow and Shin-Etsu.
- Aquaflowu2122 Rheology Modifiers: Used in paints and coatings to control viscosity and improve application properties. Market share is around 8-12% globally, competing with Arkema and Elementis.
Market Dynamics
Industry Overview
The specialty chemicals industry is driven by innovation, sustainability, and increasing demand for high-performance materials. It is fragmented and competitive.
Positioning
Ashland is positioned as a leading global supplier of specialty additives and functional ingredients. Its competitive advantage lies in its strong R&D capabilities, application expertise, and global presence.
Total Addressable Market (TAM)
The TAM for Ashland's key product areas is estimated to be in the billions of dollars. Ashland's TAM is a very significant proportion of the overall industry market value.
Upturn SWOT Analysis
Strengths
- Strong brand reputation
- Global presence
- Innovative product portfolio
- Experienced management team
- R&D capabilities
Weaknesses
- Exposure to raw material price fluctuations
- Dependence on key customers
- Highly competitive market
- Debt Level
Opportunities
- Expanding into emerging markets
- Developing sustainable products
- Acquiring complementary businesses
- Increased demand for specialty chemicals
Threats
- Economic downturns
- Increased competition
- Regulatory changes
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- DD
- EMN
- IFF
- ROG
Competitive Landscape
Ashland faces intense competition from established players and smaller niche providers. It competes on product performance, innovation, and customer service.
Major Acquisitions
Pharmachem
- Year: 2017
- Acquisition Price (USD millions): 660
- Strategic Rationale: Expanded Ashland's position in the nutraceuticals market.
Growth Trajectory and Initiatives
Historical Growth: Growth has been achieved through organic innovation, strategic acquisitions, and divestitures to focus on core businesses.
Future Projections: Analyst estimates vary, but generally project continued growth in revenue and earnings, driven by demand for specialty additives.
Recent Initiatives: Recent initiatives include investments in new product development, expansion in emerging markets, and cost optimization programs.
Summary
Ashland is a global specialty chemicals company with a strong focus on additives and ingredients for diverse industries. Its innovation and R&D capabilities are key strengths, but it faces challenges from raw material costs and competition. Strategic acquisitions and expansions into emerging markets offer growth opportunities. Ashland needs to carefully manage its debt and adapt to evolving regulations to maintain its competitive edge.
Similar Companies

DD

Dupont De Nemours Inc



DD

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EMN

Eastman Chemical Company



EMN

Eastman Chemical Company

IFF

International Flavors & Fragrances Inc



IFF

International Flavors & Fragrances Inc

ROG

Rogers Corporation



ROG

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WLK

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WLK

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Sources and Disclaimers
Data Sources:
- Ashland Global Holdings Inc. Investor Relations
- Market Reports
- Analyst Estimates
- Company Press Releases
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Market conditions and company performance can change rapidly, and past performance is not indicative of future results. The financial information provided is based on publicly available data and analyst estimates, which may be subject to revision.
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 Ashland Global Holdings Inc
Exchange NYSE | Headquaters Wilmington, DE, United States | ||
IPO Launch date 1983-04-06 | Chairman & CEO Mr. Guillermo Novo | ||
Sector Basic Materials | Industry Specialty Chemicals | Full time employees 3200 | Website https://www.ashland.com |
Full time employees 3200 | Website https://www.ashland.com |
Ashland Inc. provides additives and specialty ingredients in the North and Latin America, Europe, Asia Pacific, and internationally. It operates through Life Sciences, Personal Care, Specialty Additives, and Intermediates segments. The Life Sciences segment offers pharmaceutical solutions, including controlled release polymers, disintegrants, tablet coatings, thickeners, solubilizers, and tablet binders; and nutrition solutions, such as thickeners, stabilizers, emulsifiers, and additives. Its Personal Care segment provides a range of natural, nature-derived, biodegradable, and performance ingredients; solutions for toothpastes, mouth washes and rinses, denture cleaning, and care for teeth; and household supplies nature-derived rheology ingredients, biodegradable surface wetting agents, performance encapsulates, and specialty polymers. The Specialty Additives segment offers rheology modifiers, foam control agents, surfactants and wetting agents, pH neutralizers, advanced ceramics used in catalytic converters, environmental filters, ingredients for the manufacturing of ceramic capacitors, plasma display panels and solar cells, ingredients for textile printing, thermoplastic metals, and alloys for welding. Its Intermediates segment produces 1,4 butanediol and related derivatives, including n-methylpyrrolidone. It offers its products to customers in a range of consumer and industrial markets, such as architectural coatings, construction, energy, food and beverage, personal care, and pharmaceutical. The company was formerly known as Ashland Global Holdings Inc. and changed its name to Ashland Inc. in August 2022. Ashland Inc. was founded in 1924 and is headquartered in Wilmington, Delaware.
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