Clariant AG

Clariant is a specialty chemicals group based in Switzerland. Co. develops, manufactures, distributes and sells a broad range of specialty chemicals which play a key role in its customers' manufacturing and treatment processes or add value to their end products. Co. has manufacturing plants around the world and sells mainly in countries within Europe, the Americas and Asia. Co.'s businesses are organized into four business areas: Care Chemicals (BU Industrial & Consumer Specialties), Catalysis & Energy (BU Catalysts, Business Line Energy Storage), Natural Resources (BU Oil & Mining Services, BU Functional Minerals), and Plastics & Coatings (BU Additives, BU Masterbatches, BU Pigments).
  • TickerCLN
  • ISINCH0012142631
  • ExchangeSix Swiss Exchange
  • SectorChemicals
  • CountrySwitzerland

Analysts

Rob Hales

Morningstar | Clariant Hit by Soft Demand in China and Automotive in 1Q; Shares Fairly Valued

No-moat Clariant reported decent results in the first quarter, compared with our numbers, with EBITDA of CHF 236 million. However, consensus was more optimistic on the quarter, causing the stock to trade down 2%-3% at time of writing. Weakness primarily resided in the plastic and coatings segment, where EBITDA fell 17% because of soft demand in automotive and China. We don’t expect to make a material change to our forecast or our CHF 20.50 fair value estimate. At current levels, the shares look fairly valued. EBITDA increased 7% in care chemicals. The consumer side remained robust with double...

Rob Hales

Clariant Hit by Soft Demand in China and Automotive in 1Q; Shares Fairly Valued

No-moat Clariant reported decent results in the first quarter, compared with our numbers, with EBITDA of CHF 236 million. However, consensus was more optimistic on the quarter, causing the stock to trade down 2%-3% at time of writing. Weakness primarily resided in the plastic and coatings segment, where EBITDA fell 17% because of soft demand in automotive and China. We don’t expect to make a material change to our forecast or our CHF 20.50 fair value estimate. At current levels, the shares look ...

Clariant AG - December 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Rob Hales

Morningstar | Clariant Company Report

Clariant has been trudging a long road of portfolio restructuring as it strives to become a leading speciality chemicals company. Over the past decade, restructuring costs and impairments have become endemic as more commoditised businesses are sold, higher-growth speciality businesses are acquired, and legacy operations are rationalised to deal with an increasingly competitive environment. Difficult as it is, we think the company is on the right path. There is limited space for European companies to compete in commodity chemicals, given feedstock disadvantages and high labour costs. We believe...

Rob Hales

Clariant Company Report

No-moat Clariant reported fourth-quarter EBITDA of CHF 253 million, down 2% from 2017 and below consensus but ahead of our estimate by nearly 10%. The underlying numbers paint a weaker picture. EBITDA was buoyed by a surprise positive performance in catalysis, which saw higher-than-expected petrochemical sales and some orders pulled forward that were scheduled for the first quarter of 2019. This business is notoriously lumpy, and indications from the company last quarter would lead one to believ...

Clariant AG - December 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Clariant AG: Update Following Outlook Change to Positive

A detailed rationale for Clariant’s Ba1 rating following the change in the outlook to positive from stable.

Moody's changes outlook on Clariant's Ba1 ratings to positive from stable

Rating Action: Moody's changes outlook on Clariant's Ba1 ratings to positive from stable. Global Credit Research- 17 Dec 2018. London, 17 December 2018-- Moody's Investors Service, today changed the outlook on all ratings of Clariant AG to positive from stable.

Clariant AG - June 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Clariant AG - December 2017 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Rob Hales

Morningstar | Clariant Hit by Soft Demand in China and Automotive in 1Q; Shares Fairly Valued

No-moat Clariant reported decent results in the first quarter, compared with our numbers, with EBITDA of CHF 236 million. However, consensus was more optimistic on the quarter, causing the stock to trade down 2%-3% at time of writing. Weakness primarily resided in the plastic and coatings segment, where EBITDA fell 17% because of soft demand in automotive and China. We don’t expect to make a material change to our forecast or our CHF 20.50 fair value estimate. At current levels, the shares look fairly valued. EBITDA increased 7% in care chemicals. The consumer side remained robust with double...

Rob Hales

Clariant Hit by Soft Demand in China and Automotive in 1Q; Shares Fairly Valued

No-moat Clariant reported decent results in the first quarter, compared with our numbers, with EBITDA of CHF 236 million. However, consensus was more optimistic on the quarter, causing the stock to trade down 2%-3% at time of writing. Weakness primarily resided in the plastic and coatings segment, where EBITDA fell 17% because of soft demand in automotive and China. We don’t expect to make a material change to our forecast or our CHF 20.50 fair value estimate. At current levels, the shares look ...

Rob Hales

Morningstar | Clariant Company Report

Clariant has been trudging a long road of portfolio restructuring as it strives to become a leading speciality chemicals company. Over the past decade, restructuring costs and impairments have become endemic as more commoditised businesses are sold, higher-growth speciality businesses are acquired, and legacy operations are rationalised to deal with an increasingly competitive environment. Difficult as it is, we think the company is on the right path. There is limited space for European companies to compete in commodity chemicals, given feedstock disadvantages and high labour costs. We believe...

Rob Hales

Clariant Company Report

No-moat Clariant reported fourth-quarter EBITDA of CHF 253 million, down 2% from 2017 and below consensus but ahead of our estimate by nearly 10%. The underlying numbers paint a weaker picture. EBITDA was buoyed by a surprise positive performance in catalysis, which saw higher-than-expected petrochemical sales and some orders pulled forward that were scheduled for the first quarter of 2019. This business is notoriously lumpy, and indications from the company last quarter would lead one to believ...

Rob Hales

Morningstar | Clariant's 4Q Worse Than It Looks at First Glance; Shares Fairly Valued

No-moat Clariant reported fourth-quarter EBITDA of CHF 253 million, down 2% from 2017 and below consensus but ahead of our estimate by nearly 10%. The underlying numbers paint a weaker picture. EBITDA was buoyed by a surprise positive performance in catalysis, which saw higher-than-expected petrochemical sales and some orders pulled forward that were scheduled for the first quarter of 2019. This business is notoriously lumpy, and indications from the company last quarter would lead one to believe that the fourth quarter was going to be much weaker. Ignoring the catalysis beat would have result...

A director sold 12,821 shares at 25.429CHF and

A director at Clariant Ag sold 12,821 shares at 25.429CHF and the significance rating of the trade was 72/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of bo...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

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Clariant – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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