Albemarle Corp

Company Profile

Albemarle Corp had its IPO on 1994-02-17 under the ticker symbol ALB.

The company operates in the Basic Materials sector and Specialty Chemicals industry. Albemarle Corp has a staff strength of 7,400 employees.

Stock update

Shares of Albemarle Corp opened at $212.41 at the start of the last trading session i.e. 2023-03-25.

The stocks traded within a range of $208.67 - $217.94, and closed at $217.79.

This is a +1% increase from the previous day's closing price.

A total volume of 1,588,200 shares were traded at the close of the day’s session.

In the last one week, shares of Albemarle Corp have increased by +1.48%.

Albemarle Corp's Key Ratios

Albemarle Corp has a market cap of $30.11 billion, indicating a price to book ratio of 4.3129 and a price to sales ratio of 5.0373.

In the last 12-months Albemarle Corp’s revenue was $7.32 billion with a gross profit of $3.08 billion and an EBITDA of $2.87 billion. The EBITDA ratio measures Albemarle Corp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Albemarle Corp’s operating margin was 35.06% while its return on assets stood at 12.14% with a return of equity of 40.23%.

In Q4, Albemarle Corp’s quarterly earnings growth was a negative -4.4% while revenue growth was a positive 193.1%.

Albemarle Corp’s PE and PEG Ratio

Forward PE

9.7371

Trailing PE

10.8928

PEG

0.3163

Its diluted EPS in the last 12-months stands at $22.85 per share while it has a forward price to earnings multiple of 9.7371 and a PEG multiple of 0.3163. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Albemarle Corp’s profitability.

Albemarle Corp stock is trading at a EV to sales ratio of 5.5467 and a EV to EBITDA ratio of 15.9097. Its price to sales ratio in the trailing 12-months stood at 5.0373.

Albemarle Corp stock pays annual dividends of $1.58 per share, indicating a yield of 0.64% and a payout ratio of 7.22%.

Balance sheet and cash flow metrics

Total Assets

$15.46 billion

Total Liabilities

$2.74 billion

Operating Cash Flow

$-609340000.00

Capital Expenditure

$445.71 million

Dividend Payout Ratio

7.22%

Albemarle Corp ended 2023 with $15.46 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $15.46 billion while shareholder equity stood at $7.98 billion.

Albemarle Corp ended 2023 with $480.77 million in deferred long-term liabilities, $2.74 billion in other current liabilities, 1172000.00 in common stock, $5.60 billion in retained earnings and $1.62 billion in goodwill. Its cash balance stood at $1.50 billion and cash and short-term investments were $1.50 billion. The company’s total short-term debt was $2,128,000 while long-term debt stood at $3.21 billion.

Albemarle Corp’s total current assets stands at $5.19 billion while long-term investments were $1.15 billion and short-term investments were $0. Its net receivables were $1.19 billion compared to accounts payable of $2.05 billion and inventory worth $2.08 billion.

In 2023, Albemarle Corp's operating cash flow was $-609340000.00 while its capital expenditure stood at $445.71 million.

Comparatively, Albemarle Corp paid $0.07 in dividends in 2023.

Other key metrics

Current Trading Price

$217.79

52-Week High

$334.0168

52-Week Low

$171.6592

Analyst Target Price

$314.24

Albemarle Corp stock is currently trading at $217.79 per share. It touched a 52-week high of $334.0168 and a 52-week low of $334.0168. Analysts tracking the stock have a 12-month average target price of $314.24.

Its 50-day moving average was $251.77 and 200-day moving average was $253.1 The short ratio stood at 2.97 indicating a short percent outstanding of 0%.

Around 19.1% of the company’s stock are held by insiders while 8680.8% are held by institutions.