Market Summary
USD214.61+0.61
Market Closed0.29%
ALB Stock Price
ALB RSI Chart
ALB Valuation
ALB Price/Sales (Trailing)
ALB Profitability
ALB Fundamentals
ALB Revenue
ALB Earnings
Price Action
52 Week Range
184.86334.55
(Low)(High)
Last 7 days
-15.3%
Last 30 days
-20.6%
Last 90 days
-10.8%
Trailing 12 Months
18.3%
ALB Financial Health
ALB Investor Care
Peers (Alternatives to Albemarle)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
DD | 34.6B | 13.0B | -11.17% | -4.61% | 5.89 | 2.66 | 3.59% | -9.26% |
PPG | 26.8B | 17.7B | -2.11% | 3.18% | 24.98 | 1.52 | 5.06% | -28.70% |
ALB | 25.1B | 7.3B | -20.57% | 18.26% | 9.35 | 3.44 | 119.96% | 2074.96% |
CE | 11.3B | - | -16.10% | -24.80% | 5.98 | 1.18 | 22.25% | 0.21% |
| MID-CAP | ||||||||
EMN | 9.8B | 10.6B | -9.42% | -23.78% | 12.4 | 0.93 | 0.99% | -7.47% |
OLN | 6.9B | 9.4B | -19.85% | 0.94% | 5.18 | 0.73 | 5.23% | 2.33% |
AXTA | 5.3B | 4.9B | -4.95% | 17.14% | 26.11 | 1.1 | 10.60% | -27.40% |
HUN | 5.1B | 8.0B | -12.87% | -28.62% | 11.13 | 0.64 | 4.60% | -55.98% |
AVNT | 3.5B | 3.4B | -2.52% | -21.58% | 5 | 1.04 | 2.46% | 204.64% |
GCP | 2.4B | 999.6M | 1.27% | 44.25% | 215.39 | 2.37 | 3.34% | -90.08% |
| SMALL-CAP | ||||||||
ASIX | 970.8M | 1.9B | -18.23% | -28.96% | 5.65 | 0.5 | 15.49% | 22.96% |
TSE | 703.1M | 5.0B | -24.28% | -54.90% | -1.63 | 0.14 | 2.86% | -197.93% |
RYAM | 412.9M | 1.7B | -8.23% | -1.55% | -27.68 | 0.24 | 22.00% | -122.46% |
Financials for Albemarle
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 30.9% | 7,320 | 5,593 | 4,332 | 3,626 | 3,328 |
| Gross Profit | 33.1% | 3,075 | 2,310 | 1,515 | 1,183 | 998 |
| S&GA Expenses | 5.0% | 524 | 499 | 468 | 461 | 441 |
| R&D Expenses | 12.6% | 72.00 | 64.00 | 59.00 | 55.00 | 54.00 |
| EBITDA | 48.1% | 2,734 | 1,846 | 444 | 568 | - |
| EBITDA Margin | 13.2% | 0.37* | 0.33* | 0.10* | 0.16* | - |
| Earnings Before Taxes | 55.8% | 2,433 | 1,562 | 176 | 310 | 134 |
| EBT Margin | 19.0% | 0.33* | 0.28* | 0.04* | 0.09* | - |
| Net Income | 73.1% | 2,690 | 1,554 | 264 | 281 | 124 |
| Net Income Margin | 32.3% | 0.37* | 0.28* | 0.06* | 0.08* | - |
| Free Cahsflow | 310.1% | 646 | -307 | -1,040 | -613 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 11.8% | 15,457 | 13,829 | 12,520 | 11,416 | 10,974 |
| Current Assets | 20.7% | 5,187 | 4,297 | 3,350 | 2,336 | 1,994 |
| Cash Equivalents | 8.4% | 1,499 | 1,383 | 931 | 463 | 439 |
| Inventory | 28.6% | 2,076 | 1,614 | 1,216 | 1,014 | 799 |
| Net PPE | 3.5% | 6,425 | 6,208 | 6,029 | 5,910 | - |
| Goodwill | 10.2% | 1,618 | 1,468 | 1,543 | 1,576 | 1,598 |
| Current Liabilities | 10.2% | 2,741 | 2,488 | 1,782 | 2,103 | 1,874 |
| LT Debt, Current | -99.2% | 2.00 | 251 | 251 | 504 | 390 |
| LT Debt, Non Current | 3.1% | 3,215 | 3,119 | 3,206 | 1,986 | 2,004 |
| Shareholder's Equity | 18.6% | 7,983 | 6,733 | 6,301 | 6,035 | 5,625 |
| Retained Earnings | 24.1% | 5,601 | 4,515 | 3,664 | 3,304 | 3,097 |
| Additional Paid-In Capital | 0.2% | 2,941 | 2,934 | 2,927 | 2,915 | 2,920 |
| Accumulated Depreciation | 1.4% | 2,289 | 2,257 | 2,210 | 2,165 | - |
| Shares Outstanding | 0.0% | 117 | 117 | 117 | 117 | 117 |
| Minority Interest | -10.2% | 208 | 232 | 216 | 208 | 180 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 135.7% | 1,908 | 809 | 19.00 | 392 | 344 |
| Share Based Compensation | 1.2% | 30.00 | 30.00 | 27.00 | 22.00 | 20.00 |
| Cashflow From Investing | -26.9% | -1,422 | -1,121 | -1,064 | -719 | -666 |
| Cashflow From Financing | -49.8% | 612 | 1,220 | 1,221 | 251 | 50.00 |
| Dividend Payments | 0.4% | 184 | 184 | 183 | 182 | 178 |
Risks for ALB
What is the probability of a big loss on ALB?
99.6%
Probability that Albemarle stock will be more than 20% underwater in next one year
75.4%
Probability that Albemarle stock will be more than 30% underwater in next one year.
28.1%
Probability that Albemarle stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does ALB drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Albemarle was unfortunately bought at previous high price.
Drawdowns
Returns for ALB
Cumulative Returns on ALB
14.6%
10-Year Cumulative Returns
21.0%
7-Year Cumulative Returns
18.3%
5-Year Cumulative Returns
47.8%
3-Year Cumulative Returns
What are the long-term rolling returns for ALB?
FIve years rolling returns for Albemarle.
Annualized Returns
Which funds bought or sold ALB recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-15 | B. Riley Wealth Advisors, Inc. | added | 41.19 | 224,927 | 1,636,930 | 0.05% |
2023-03-10 | MATHER GROUP, LLC. | added | 1.09 | -195,803 | 949,197 | 0.02% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 11.28 | -1,013,810 | 10,588,200 | 0.01% |
2023-03-10 | BAILLIE GIFFORD & CO | reduced | -15.87 | -263,633,000 | 586,545,000 | 0.61% |
2023-03-08 | SHEETS SMITH WEALTH MANAGEMENT | unchanged | - | -218,793 | 998,207 | 0.16% |
2023-03-07 | Great Lakes Retirement, Inc. | new | - | 346,647 | 346,647 | 0.09% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -8.83 | -236,000 | 698,000 | -% |
2023-03-06 | Aldebaran Financial Inc. | unchanged | - | -76,963 | 322,037 | 0.35% |
2023-03-03 | TIAA, FSB | reduced | -2.32 | -217,753 | 875,247 | -% |
2023-03-01 | Regal Investment Advisors LLC | reduced | -13.36 | -103,505 | 254,495 | 0.03% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Albemarle News
Schedule 13G FIlings of Albemarle
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 13, 2023 | capital international investors | 6.7% | 7,868,987 | SC 13G | |
| Feb 09, 2023 | vanguard group inc | 12.10% | 14,174,413 | SC 13G/A | |
| Feb 03, 2023 | blackrock inc. | 8.0% | 9,321,844 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 11.61% | 13,585,134 | SC 13G/A | |
| Feb 09, 2022 | state street corp | 4.57% | 5,348,397 | SC 13G/A | |
| Feb 03, 2022 | franklin resources inc | 4.2% | 4,910,125 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 7.8% | 9,121,178 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 11.41% | 12,143,615 | SC 13G/A | |
| Feb 05, 2021 | state street corp | 5.27% | 5,614,068 | SC 13G | |
| Feb 01, 2021 | franklin resources inc | 5.4% | 5,740,155 | SC 13G/A |
ALB Fair Value
Albemarle fair value in different scenarios
The table shows the Fair Value estimates for Albemarle for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 176.12 -17.93% | 250.94 16.93% | 430.67 100.68% | 532.42 148.09% | 610.67 184.55% |
| Current Inflation | 163.93 -23.61% | 229.12 6.76% | 385.08 79.43% | 470.86 119.40% | 536.66 150.06% |
| Very High Inflation | 148.55 -30.78% | 202.36 -5.71% | 330.55 54.02% | 398.28 85.58% | 450.06 109.71% |
Historical Albemarle Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Albemarle
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 06, 2023 | 4 | Insider Trading | |
| Mar 02, 2023 | 4 | Insider Trading | |
| Mar 02, 2023 | 4 | Insider Trading | |
| Mar 02, 2023 | 4 | Insider Trading | |
| Mar 02, 2023 | 4 | Insider Trading | |
| Mar 02, 2023 | 4 | Insider Trading | |
| Mar 02, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for ALB
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-03 | Tozier Scott | sold | -1,432,980 | 251 | -5,700 | evp & cfo |
2023-03-01 | Tozier Scott | sold | -106,539 | 255 | -417 | evp & cfo |
2023-02-28 | Tozier Scott | sold (taxes) | -2,343,980 | 254 | -9,217 | evp & cfo |
2023-02-28 | Norris Eric | acquired | - | - | 4,735 | president, lithium |
2023-02-28 | Barichivich John Clarence III | acquired | - | - | 1,072 | vp, controller & cao |
2023-02-28 | Crawford Raphael Goszcz | acquired | - | - | 10,844 | president, catalysts |
2023-02-28 | Norris Eric | acquired | - | - | 6,720 | president, lithium |
2023-02-28 | Barichivich John Clarence III | acquired | - | - | 535 | vp, controller & cao |
2023-02-28 | Tozier Scott | acquired | - | - | 13,898 | evp & cfo |
2023-02-28 | Johnson Netha N. | acquired | - | - | 10,844 | president, bromine |
Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Lithium, Bromine, and Catalysts. The Lithium segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and lithium specialties; and reagents, such as butyllithium and lithium aluminum hydride for use in lithium batteries for consumer electronics and electric vehicles, high performance greases, thermoplastic elastomers for car tires, rubber soles, plastic bottles, catalysts for chemical reactions, organic synthesis processes in the areas of steroid chemistry and vitamins, life sciences, pharmaceutical industry, and other markets. It also provides cesium products for the chemical and pharmaceutical industries; zirconium, barium, and titanium products for pyrotechnical applications that include airbag initiators; technical services for the handling and use of reactive lithium products; and lithium-containing by-products recycling services. The Bromine segment offers bromine and bromine-based fire safety solutions; specialty chemicals, including elemental bromine, alkyl and inorganic bromides, brominated powdered activated carbon, and other bromine fine chemicals for use in chemical synthesis, oil and gas well drilling and completion fluids, mercury control, water purification, beef and poultry processing, and other industrial applications; and other specialty chemicals, such as tertiary amines for surfactants, biocides, and disinfectants and sanitizers. The Catalysts segment provides hydroprocessing, isomerization, and akylation catalysts; fluidized catalytic cracking catalysts and additives; and organometallics and curatives. The company serves the energy storage, petroleum refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals, and crop protection markets. Albemarle Corporation was founded in 1887 and is headquartered in Charlotte, North Carolina.
ALB Income Statement
2022-12-31CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Income Statement [Abstract] | |||
| Net sales | $ 7,320,104 | $ 3,327,957 | $ 3,128,909 |
| Cost of goods sold | 4,245,517 | 2,329,986 | 2,134,056 |
| Gross profit | 3,074,587 | 997,971 | 994,853 |
| Selling, general and administrative expenses | 524,145 | 441,482 | 429,827 |
| Research and development expenses | 71,981 | 54,026 | 59,214 |
| Loss (gain) on sale of business/interest in properties, net | 8,400 | (295,971) | 0 |
| Operating profit | 2,470,061 | 798,434 | 505,812 |
| Interest and financing expenses | (122,973) | (61,476) | (73,116) |
| Other income (expenses), net | 86,356 | (603,340) | (59,177) |
| Income before income taxes and equity in net income of unconsolidated investments | 2,433,444 | 133,618 | 373,519 |
| Income tax expense | 390,588 | 29,446 | 54,425 |
| Income before equity in net income of unconsolidated investments | 2,042,856 | 104,172 | 319,094 |
| Equity in net income of unconsolidated investments (net of tax) | 772,275 | 95,770 | 127,521 |
| Net income | 2,815,131 | 199,942 | 446,615 |
| Net income attributable to noncontrolling interests | (125,315) | (76,270) | (70,851) |
| Net income attributable to Albemarle Corporation | $ 2,689,816 | $ 123,672 | $ 375,764 |
| Basic earnings per share (in dollars per share) | $ 22.97 | $ 1.07 | $ 3.53 |
| Diluted earnings per share (in dollars per share) | $ 22.84 | $ 1.06 | $ 3.52 |
| Weighted-average common shares outstanding—basic (in shares) | 117,120 | 115,841 | 106,402 |
| Weighted-average common shares outstanding—diluted (in shares) | 117,793 | 116,536 | 106,808 |
ALB Balance Sheet
2022-12-31CONSOLIDATED BALANCE SHEETS - USD ($) shares in Thousands, $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 1,499,142 | $ 439,272 |
| Trade accounts receivable, less allowance for doubtful accounts (2022—$2,534; 2021—$2,559) | 1,190,970 | 556,922 |
| Other accounts receivable | 185,819 | 66,184 |
| Inventories | 2,076,031 | 798,620 |
| Other current assets | 234,955 | 132,683 |
| Total current assets | 5,186,917 | 1,993,681 |
| Property, plant and equipment, at cost | 9,354,330 | 8,074,746 |
| Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, Accumulated Depreciation and Amortization | 2,391,333 | 2,165,130 |
| Net property, plant and equipment | 6,962,997 | 5,909,616 |
| Investments | 1,150,553 | 912,008 |
| Other assets | 250,558 | 252,239 |
| Goodwill | 1,617,627 | 1,597,627 |
| Other intangibles, net of amortization | 287,870 | 308,947 |
| Total assets | 15,456,522 | 10,974,118 |
| Current liabilities: | ||
| Accounts payable to third parties | 1,533,624 | 600,487 |
| Accounts Payable, Related Parties, Current | 518,377 | 47,499 |
| Accrued expenses | 505,894 | 763,293 |
| Current portion of long-term debt | 2,128 | 389,920 |
| Dividends payable | 46,116 | 45,469 |
| Income taxes payable | 134,876 | 27,667 |
| Total current liabilities | 2,741,015 | 1,874,335 |
| Long-term debt | 3,214,972 | 2,004,319 |
| Postretirement benefits | 32,751 | 43,693 |
| Pension benefits | 159,571 | 229,187 |
| Other noncurrent liabilities | 636,596 | 663,698 |
| Deferred income taxes | 480,770 | 353,279 |
| Commitments and contingencies | ||
| Common Stock, Shares, Issued | 117,168 | 117,015 |
| Common Stock, Shares Authorized | 150,000 | 150,000 |
| Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
| Albemarle Corporation shareholders’ equity: | ||
| Common stock, $.01 par value (authorized 150,000 shares), issued and outstanding — 117,168 in 2022 and 117,015 in 2021 | $ 1,172 | $ 1,170 |
| Additional paid-in capital | 2,940,840 | 2,920,007 |
| Accumulated other comprehensive loss | (560,662) | (392,450) |
| Retained earnings | 5,601,277 | 3,096,539 |
| Total Albemarle Corporation shareholders’ equity | 7,982,627 | 5,625,266 |
| Noncontrolling interests | 208,220 | 180,341 |
| Total equity | 8,190,847 | 5,805,607 |
| Total liabilities and equity | $ 15,456,522 | $ 10,974,118 |