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Added to YB: 2024-02-19

Pitch date: 2024-01-19

SOLB.BR [bullish]

Solvay SA

+4.86%

current return

Author Info

No bio for this author

Company Info

Solvay SA provides basic and performance chemicals worldwide. The company engages in the production of sodium carbonate or soda ash and its derivatives used by customers in glass for building, solar panels, glass containers, and packaging; in lithium-ion batteries for electric vehicles; and for detergents and chemicals, as well as sodium bicarbonate for food and animal feed, and flue gas treatment or healthcare applications.

Market Cap

EUR 2.6B

Pitch Price

EUR 24.30

Price Target

N/A

Dividend

9.60%

EV/EBITDA

N/A

P/E

N/A

EV/Sales

N/A

Sector

Chemicals

Category

special_situation

Show full summary:
Palm Harbour Capital Portfolio Holding - Solvay

SOLB.BR: 160yr old Solvay split into New Solvay (soda ash 42% sales, peroxides, silica, Coatis), focusing on dividends & cash flow, and Syensqo (polymers, composites, surfactants, batteries, green H2) targeting growth via M&A. Both still cheap at >10% FCF yields post-spinoff.

Read full article (2 min)