Solvay S.A.

Solvay is engaged in chemical and plastic businesses worldwide. Co. offers chemical products such as advanced materials, barium strontium, calcium chloride, caustic soda, chlorinated products, fluor, peroxygen products, polyglycerols, precipitated calcium carbonate, soda ash, and sodium bicarbonate. It also provides specialty polymers, such as Spire ultra polymers, Solviva biomaterials, and sulfone polymers. Co. structures its activities around five operating segments: Advanced Formulations, Advanced Materials, Performance Chemicals, Functional Polymers and Corporate & Business Services, each with its own specific business model and each comprised of Global Business Units (GBUs).
  • TickerSOLB
  • ISINBE0003470755
  • ExchangeEuronext Brussels
  • SectorChemicals
  • CountryBelgium

Analysts

Wim Hoste

Morning Note: ABI BB, SOLB BB, UMI BB

AB InBev: Pricing set for Budweiser APAC IPO Solvay: Increases soda ash capacity Umicore: Large supply agreement with LG Chem on cathodes

ING
ING Helpdesk

Benelux Morning Notes

Solvay: Expands aerospace thermoplastic capacity

Alan Vandenberghe ...
  • Guy Sips
  • Lenny Van Steenhuyse
  • Marcel Achterberg
  • Ruben Devos
  • Sandra Cauwenberghs

Morning Note: ASM NA, ASML NA, BESI NA, BCART BB, MELE BB, SOLB BB, VGP BB

ASM International: Hold from Buy after impressive outperformance ASML: Higher TP, Confirming our BUY-rating BE Semiconductor Industries: Upgrade to Accumulate as recovery approaches Biocartis: Additional Idylla performance studies at ESMO Melexis: TP reached: Hold from Buy Solvay: Expansion of thermoplastic composites capacity VGP: First built to suit in Zaragoza Telecom: Majority of BoD against sale of VOO to Providence Various: Removing Melexis from Dynamic Top Pick List

Solvay SA - December 2016 (LTM): Peer Snapshot

Peer Snapshot: Solvay SA - December 2016 (LTM) 13 April 2017 (in US millions) FYE Dec-14 FYE Dec-15 LTM Dec-16 FYE Dec-14 FYE Dec-15 LTM Sep-16 FYE Dec-14 FYE Dec-15 LTM Dec-16

Wim Hoste

Morning Note: ABI BB, SOLB BB, UMI BB

AB InBev: Pricing set for Budweiser APAC IPO Solvay: Increases soda ash capacity Umicore: Large supply agreement with LG Chem on cathodes

ING
ING Helpdesk

Benelux Morning Notes

Solvay: Expands aerospace thermoplastic capacity

Alan Vandenberghe ...
  • Guy Sips
  • Lenny Van Steenhuyse
  • Marcel Achterberg
  • Ruben Devos
  • Sandra Cauwenberghs

Morning Note: ASM NA, ASML NA, BESI NA, BCART BB, MELE BB, SOLB BB, VGP BB

ASM International: Hold from Buy after impressive outperformance ASML: Higher TP, Confirming our BUY-rating BE Semiconductor Industries: Upgrade to Accumulate as recovery approaches Biocartis: Additional Idylla performance studies at ESMO Melexis: TP reached: Hold from Buy Solvay: Expansion of thermoplastic composites capacity VGP: First built to suit in Zaragoza Telecom: Majority of BoD against sale of VOO to Providence Various: Removing Melexis from Dynamic Top Pick List

Cedric Duinslaeger ...
  • Guy Sips
  • Joachim Vansanten
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wim Hoste

Morning Note: KBCA BB, KIN BB, OXUR BB, SIOE BB, SOLB BB

KBC Ancora: FY18/19 – Profit at € 3.24 p.s. Kinepolis: It’s more fun with “Movies Just Right” Oxurion: All eyes on plasma kallikrein Sioen: Sailing in more troubled waters Solvay: Issues € 600m new bonds

Morning Note: KBCA BB, KIN BB, OXUR BB, SIOE BB, SOLB BB

KBC Ancora: FY18/19 – Profit at € 3.24 p.s. Kinepolis: It’s more fun with “Movies Just Right” Oxurion: All eyes on plasma kallikrein Sioen: Sailing in more troubled waters Solvay: Issues € 600m new bonds

1 director bought

A director at Solvay SA bought 2,000 shares at 86.100EUR and the significance rating of the trade was 68/100. 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 board mem...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Louis Boujard
  • Nicolas David
  • Olfa Taamallah
  • Olivier Lebrun
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Corby
  • Pierre Tegner
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 31/07/2019

...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/10/2019

...

Alexandre Iatrides ...
  • Anis Zgaya
  • Charles Lepetitpas
  • Christophe Chaput
  • Emmanuel Matot
  • Hela Zarrouk
  • Jeremy Garnier
  • Jerôme Bodin
  • Khaled Ben Amor
  • Nicolas David

ODDO BHF Small & MIDCAP MORNING NEWS - 05/10/2019 Date Performance since listing Date Performance since listing

...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 10/05/2019

...

Alexandre Iatrides ...
  • Anis Zgaya
  • Charles Lepetitpas
  • Christophe Chaput
  • Emmanuel Matot
  • Hela Zarrouk
  • Jeremy Garnier
  • Jerôme Bodin
  • Khaled Ben Amor
  • Nicolas David

ODDO BHF Small & MIDCAP MORNING NEWS - 10/05/2019 Date Performance depuis l’entrée Date Performance depuis l’entrée

...

An increasingly favourable environment allows SOLVAY SA to improve to Neutral

The independent financial analyst theScreener just upgraded the general evaluation of SOLVAY SA (BE), a company active in the Specialty Chemicals industry. As regards its fundamental valuation, the title confirms its rating of 3 out of 4 stars while its market behaviour remains as risky. theScreener believes, however, that a more enabling environment allows the title to increase its general evaluation to Neutral. As of the analysis date September 13, 2019, the closing price was EUR 100.50 and its expected value was estimated at EUR 90.88.

Nurhayati Wan

Solvay SA

Nurhayati Wan

Solvay SA

Nurhayati Wan

Solvay SA

Nurhayati Wan

Solvay SA

Carole Braudeau

Accor : Credit Feedback – Oddo BHF Forum 10 and 11 January

Our annual Forum in Lyon brought together 263 companies, including 41% of foreign companies, nearly 545 investors (33% foreigners), almost 6,500 one-to-one meetings. - This document gathers a brief feedback from the bond issuers and CB underlying companies in attendance. - - - - >Investment Grade - Accorhotels, Aéroports de Paris, Arkema, Buzzi Unicem, Carmila, Coface, Easyjet, Edenred, Fresenius Medical Care, Grand City Properties, Icade, JCDecaux, Klépierre, Lanxess, MT...

Carole Braudeau

Accor : Feedback Crédit Forum des 10 et 11 janvier 2019

Notre Forum annuel Oddo BHF 2019 vient de se dérouler à Lyon : il a réuni 263 sociétés, dont 41% étrangères, près de 545 investisseurs (33% étrangers), soit près de 6 500 one-to-one. - Ce document synthétise nos feed-back concernant les émetteurs obligataires présents et sous-jacents d’obligations convertibles. - - - >Investment Grade - Accorhotels, Aéroports de Paris, Arkema, Buzzi Unicem, Carmila, Coface, Easyjet, Edenred, Fresenius Medical Care, Grand City Properties,...

MarketLine Department

Ashland Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Ashland Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Ashland Inc. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlight...

MarketLine Department

Akzo Nobel N.V. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Akzo Nobel N.V. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Akzo Nobel N.V. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Hig...

MarketLine Department

Umicore SA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Umicore SA Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Umicore SA since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlights T...

MarketLine Department

Royal DSM N.V. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Royal DSM N.V. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Royal DSM N.V. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highl...

MarketLine Department

Nordson Corporation - Strategy, SWOT and Corporate Finance Report

Nordson Corporation - Strategy, SWOT and Corporate Finance Report Summary Nordson Corporation - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Nordson Corporation (Nordson) is a manufacturer and supplier of differentiated products and systems used to dispense, apply and control adhesives, sealants, polymers, coatings, biomaterials, and other fluids. Its products...

Expert Corporate Governance Service (ECGS)

Solvay - AGM 14 May 2019

This year, the company had an important management change. Indeed, Jean-Pierre Clamadieu resigned from his position as CEO and is replaced by Ilham Kadri. The new CEO will be proposed to the board along with two re-appointments. We regret that the Company continues to grant stock options without performance conditions, even if it is allegedly justified by the fact that the company is Belgian.

Solvay - Assemblée générale des actionnaires du 14 mai 2019

Proxinvest publiera une étude analysant les résolutions proposées lors de la tenue de l’assemblée générale des actionnaires. Vous pouvez l'acquérir dès à présent et elle vous sera adressée par ResearchPool une fois publiée.

Solvay – 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...

Proxy Report - 08/05/2018

Jean-Pierre Clamadieu annouced the end of his term as CEO in order to take the lead of Engie. The selection process of  successor is ongoing.  We are encouraged that a Company where the founding family is the controlling shareholder has been able to achieve and maintain an independent board. Regrettably, remuneration discloure is out of step with market practice and the Company fails to use the accural process in its recapitulative compensation table. The total remuneration granted for the 2017 year amounts to €5 million which we believe to be excessive. Finally, we note that the Company con...

Proxy Report - 08/05/2018

Jean-Pierre Clamadieu ayant annoncé son départ pour prendre la présidence du conseil d'Engie, le processus de sélection d'un successeur est en cours, M. Clamadieu assurant temporairement la poursuite de ses fonctions. Proxinvest observe que Solvay continue d'afficher une bonne progression dans ses résultats cette année, ce qui lui permet d'augmenter son dividende, qui passe à 3,60 € par action. Solvay a continué à démontrer qu'une société familiale pouvait disposer d'un conseil d'administration majoritairement independent (56% d'indépendance) avec une séparation des fonctions de Président et ...

Jérôme VINERIER

Short term view - SOLVAY : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €98.38. The background trend would be questioned should prices rise above €119.00.

Jérôme VINERIER

Analyse court terme - SOLVAY : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 98,38 €. La tendance de fond serait remise en cause en cas de franchissement de 119,00 €.

Jérôme VINERIER

Analyse court terme - SOLVAY : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 98,38 €, puis 94,15 €. Le franchissement de 119,00 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - SOLVAY : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €98.38, then €94.15. Passing €119.00 would question the continuation of the fall.

Jérôme VINERIER

Analyse moyen terme - SOLVAY : La tendance est baissière.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 90,40 €, puis 74,62 €. Le franchissement de 118,58 € remettrait en cause la suite de la baisse.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch