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Albemarle Corp Stock Research

ALB

214.61USD+0.61(+0.29%)Market Closed

Market Summary

USD214.61+0.61
Market Closed
0.29%

ALB Alerts

ALB Stock Price

ALB RSI Chart

ALB Valuation

Market Cap

25.1B

Price/Earnings (Trailing)

9.35

Price/Sales (Trailing)

3.44

EV/EBITDA

8.65

Price/Free Cashflow

38.91

ALB Price/Sales (Trailing)

ALB Profitability

Operating Margin

42.00%

EBT Margin

33.24%

Return on Equity

33.7%

Return on Assets

17.4%

Free Cashflow Yield

2.57%

ALB Fundamentals

ALB Revenue

Revenue (TTM)

7.3B

Revenue Y/Y

193.11%

Revenue Q/Q

25.3%

ALB Earnings

Earnings (TTM)

2.7B

Earnings Y/Y

29.7K%

Earnings Q/Q

26.22%

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

Current Ratio

1.89

Debt/Equity

0.39

Debt/Cashflow

0.01

ALB Investor Care

Dividend Yield

0.74%

Dividend/Share (TTM)

1.58

Shares Dilution (1Y)

0.13%

Diluted EPS (TTM)

22.84

Peers (Alternatives to Albemarle)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
34.6B
13.0B
-11.17% -4.61%
5.89
2.66
3.59% -9.26%
26.8B
17.7B
-2.11% 3.18%
24.98
1.52
5.06% -28.70%
25.1B
7.3B
-20.57% 18.26%
9.35
3.44
119.96% 2074.96%
11.3B
-
-16.10% -24.80%
5.98
1.18
22.25% 0.21%
MID-CAP
9.8B
10.6B
-9.42% -23.78%
12.4
0.93
0.99% -7.47%
6.9B
9.4B
-19.85% 0.94%
5.18
0.73
5.23% 2.33%
5.3B
4.9B
-4.95% 17.14%
26.11
1.1
10.60% -27.40%
5.1B
8.0B
-12.87% -28.62%
11.13
0.64
4.60% -55.98%
3.5B
3.4B
-2.52% -21.58%
5
1.04
2.46% 204.64%
2.4B
999.6M
1.27% 44.25%
215.39
2.37
3.34% -90.08%
SMALL-CAP
970.8M
1.9B
-18.23% -28.96%
5.65
0.5
15.49% 22.96%
703.1M
5.0B
-24.28% -54.90%
-1.63
0.14
2.86% -197.93%
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)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue30.9%7,3205,5934,3323,6263,328
Gross Profit33.1%3,0752,3101,5151,183998
  S&GA Expenses5.0%524499468461441
  R&D Expenses12.6%72.0064.0059.0055.0054.00
EBITDA48.1%2,7341,846444568-
EBITDA Margin13.2%0.37*0.33*0.10*0.16*-
Earnings Before Taxes55.8%2,4331,562176310134
EBT Margin19.0%0.33*0.28*0.04*0.09*-
Net Income73.1%2,6901,554264281124
Net Income Margin32.3%0.37*0.28*0.06*0.08*-
Free Cahsflow310.1%646-307-1,040-613-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets11.8%15,45713,82912,52011,41610,974
  Current Assets20.7%5,1874,2973,3502,3361,994
    Cash Equivalents8.4%1,4991,383931463439
  Inventory28.6%2,0761,6141,2161,014799
  Net PPE3.5%6,4256,2086,0295,910-
  Goodwill10.2%1,6181,4681,5431,5761,598
  Current Liabilities10.2%2,7412,4881,7822,1031,874
    LT Debt, Current-99.2%2.00251251504390
    LT Debt, Non Current3.1%3,2153,1193,2061,9862,004
Shareholder's Equity18.6%7,9836,7336,3016,0355,625
  Retained Earnings24.1%5,6014,5153,6643,3043,097
  Additional Paid-In Capital0.2%2,9412,9342,9272,9152,920
Accumulated Depreciation1.4%2,2892,2572,2102,165-
Shares Outstanding0.0%117117117117117
Minority Interest-10.2%208232216208180
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations135.7%1,90880919.00392344
  Share Based Compensation1.2%30.0030.0027.0022.0020.00
Cashflow From Investing-26.9%-1,422-1,121-1,064-719-666
Cashflow From Financing-49.8%6121,2201,22125150.00
  Dividend Payments0.4%184184183182178

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 ascendingFund NameType% 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%

1–10 of 47

Latest Funds Activity

Are funds buying ALB calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own ALB
No. of Funds

Albemarle News

MarketWatch

Albemarle Corp. stock falls Wednesday, underperforms market.

MarketWatch,
10 hours ago

The Motley Fool Australia

What was with ASX lithium shares today?.

The Motley Fool Australia,
25 hours ago

Investor's Business Daily

Nasdaq

Schedule 13G FIlings of Albemarle

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ValueVery PessimisticPessimisticBase CaseOptimisticVery 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Jerry K. Masters
6000
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

2022-12-31
CONSOLIDATED 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 sold4,245,5172,329,9862,134,056
Gross profit3,074,587997,971994,853
Selling, general and administrative expenses524,145441,482429,827
Research and development expenses71,98154,02659,214
Loss (gain) on sale of business/interest in properties, net8,400(295,971)0
Operating profit2,470,061798,434505,812
Interest and financing expenses(122,973)(61,476)(73,116)
Other income (expenses), net86,356(603,340)(59,177)
Income before income taxes and equity in net income of unconsolidated investments2,433,444133,618373,519
Income tax expense390,58829,44654,425
Income before equity in net income of unconsolidated investments2,042,856104,172319,094
Equity in net income of unconsolidated investments (net of tax)772,27595,770127,521
Net income2,815,131199,942446,615
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)117,120115,841106,402
Weighted-average common shares outstanding—diluted (in shares)117,793116,536106,808

ALB Balance Sheet

2022-12-31
CONSOLIDATED 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—$2,559)1,190,970556,922
Other accounts receivable185,81966,184
Inventories2,076,031798,620
Other current assets234,955132,683
Total current assets5,186,9171,993,681
Property, plant and equipment, at cost9,354,3308,074,746
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, Accumulated Depreciation and Amortization2,391,3332,165,130
Net property, plant and equipment6,962,9975,909,616
Investments1,150,553912,008
Other assets250,558252,239
Goodwill1,617,6271,597,627
Other intangibles, net of amortization287,870308,947
Total assets15,456,52210,974,118
Current liabilities:  
Accounts payable to third parties1,533,624600,487
Accounts Payable, Related Parties, Current518,37747,499
Accrued expenses505,894763,293
Current portion of long-term debt2,128389,920
Dividends payable46,11645,469
Income taxes payable134,87627,667
Total current liabilities2,741,0151,874,335
Long-term debt3,214,9722,004,319
Postretirement benefits32,75143,693
Pension benefits159,571229,187
Other noncurrent liabilities636,596663,698
Deferred income taxes480,770353,279
Commitments and contingencies
Common Stock, Shares, Issued117,168117,015
Common Stock, Shares Authorized150,000150,000
Common stock, par value (in dollars per share)$ 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 capital2,940,8402,920,007
Accumulated other comprehensive loss(560,662)(392,450)
Retained earnings5,601,2773,096,539
Total Albemarle Corporation shareholders’ equity7,982,6275,625,266
Noncontrolling interests208,220180,341
Total equity8,190,8475,805,607
Total liabilities and equity$ 15,456,522$ 10,974,118