Added to YB: 2024-04-29
Pitch date: 2024-03-31
LNXSF [bullish]
LANXESS Aktiengesellschaft
-28.11%
current return
Author Info
No bio for this author
Company Info
LANXESS Aktiengesellschaft, operates as a specialty chemicals company that engages in the development, manufacture, and marketing of chemical intermediates, additives, specialty chemicals, and consumer protection products worldwide.
Market Cap
EUR 1.8B
Pitch Price
EUR 24.79
Price Target
N/A
Dividend
0.48%
EV/EBITDA
9.05
P/E
-10.85
EV/Sales
0.63
Sector
Chemicals
Category
turnaround
Longleaf Partners International Fund Portfolio Holding: LANXESS Aktiengesellschaft
LNXSF: German specialty chemical co. Q1 was tough amid high energy prices, low China/industrial demand, destocking. Mgmt optimistic on early recovery signs & structural cost cuts. Expect weak Q1, stronger Q2, accelerating H2 on easier comps & demand. Strong ops gearing to drive rapid EBITDA & cash gen growth as markets stabilize & cost cuts take effect, not yet priced in.
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