Company Valuation: Ashland Inc.

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,413 5,142 4,185 4,247 2,190 3,247 - -
Change - -5.01% -18.6% 1.47% -48.44% 48.29% - -
Enterprise Value (EV) 1 7,173 5,766 5,120 5,296 3,359 4,246 4,221 4,211
Change - -19.62% -11.19% 3.43% -36.58% 26.43% -0.6% -0.23%
P/E 24.8x 5.79x 24.7x 25.9x -2.63x 37x 25.1x 20.6x
PBR 1.98x 1.65x 1.35x 1.49x 1.16x 1.74x 1.75x 1.74x
PEG - 0x -0.3x 17.15x 0x -0x 0.5x 0.9x
Capitalization / Revenue 2.56x 2.14x 1.91x 2.01x 1.2x 1.74x 1.68x 1.62x
EV / Revenue 3.4x 2.4x 2.34x 2.51x 1.84x 2.28x 2.18x 2.1x
EV / EBITDA 14.5x 9.77x 11.2x 11.5x 8.38x 10.9x 9.91x 9.11x
EV / EBIT 28.6x 16.5x 22.9x 21.4x 16.2x 20.5x 17.9x 15.2x
EV / FCF 19.9x 72.1x 41.3x 16.3x 93.3x 17.8x 23.8x 20.9x
FCF Yield 5.03% 1.39% 2.42% 6.14% 1.07% 5.63% 4.21% 4.77%
Dividend per Share 2 1.15 1.27 1.44 1.58 1.64 1.652 1.762 1.875
Rate of return 1.29% 1.34% 1.76% 1.82% 3.42% 2.33% 2.48% 2.64%
EPS 2 3.59 16.41 3.31 3.36 -18.23 1.918 2.822 3.441
Distribution rate 32% 7.74% 43.5% 47% -9% 86.2% 62.4% 54.5%
Net sales 1 2,111 2,400 2,191 2,113 1,824 1,865 1,934 2,008
EBITDA 1 495 590 459 459 401 389.2 426.1 462.4
EBIT 1 251 349 224 247 207 207.3 235.8 277.8
Net income 1 220 927 178 169 -845 87.97 127.8 154.9
Net Debt 1 1,760 624 935 1,049 1,169 999.2 973.5 963.6
Reference price 2 89.12 94.97 81.68 86.97 47.91 70.91 70.91 70.91
Nbr of stocks (in thousands) 60,733 54,139 51,241 48,832 45,706 45,793 - -
Announcement Date 11/9/21 A 11/7/22 A 11/8/23 A 11/6/24 A 11/4/25 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
36.98x2.28x10.91x2.33% 3.25B
18.98x3.35x9.5x2.09% 69.48B
12.24x0.93x7.75x4.4% 51.79B
55.83x8.95x38.11x0.98% 16.69B
12.51x0.84x5.87x2.91% 13.6B
12.13x0.73x4.85x2.83% 10.23B
15.79x0.71x7.75x3.12% 10.16B
37.53x1.71x9.02x2.02% 9.51B
4.68x0.67x2.85x4.6% 9.15B
30.85x4.23x18.09x0.37% 7.7B
Average 23.75x 2.44x 11.47x 2.56% 20.16B
Weighted average by Cap. 20.33x 2.58x 10.88x 2.78%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. ASH Stock
  4. Valuation Ashland Inc.
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