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, a specialty chemicals company, engages in the development, manufacture, and marketing of chemical intermediates, additives, and consumer protection products worldwide.
Market Cap
EUR 1.5B
Pitch Price
EUR 24.79
Price Target
N/A
Dividend
0.57%
EV/EBITDA
15.44
P/E
-2.64
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.
Read full article (1 min)