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ALB

265.21USD-19.07(-6.71%)Market Closed

Albemarle Corp

Market Summary

USD265.21-19.07Market Closed
-6.71%

ALB Alerts

ALB Stock Price

RSI Chart

Valuation

Market Cap

32.8B

Price/Earnings

124.51

Price/Sales

7.57

Price/Cashflow

1.8K

MarketCap/EBT

186.21

Price/Sales

Profitability

Operating Margin

34.98%

EBT Margin

4.07%

Return on Equity

4.33%

Return on Assets

2.1%

Fundamentals

Revenue

Revenue (TTM)

5.6B

Revenue Y/Y

151.85%

Revenue Q/Q

41.38%

Earnings

Earnings (TTM)

1.6B

Earnings Y/Y

328.43%

Earnings Q/Q

120.57%

Price Action

52 Week Range

169.31334.55
(Low)(High)

Last 7 days

4.2%

Last 30 days

6.7%

Last 90 days

9.4%

Trailing 12 Months

9.3%

Financial Health

Current Ratio

1.88

Debt/Equity

0.39

Debt/Cashflow

0.01

Investor Care

Dividend Yield

0.56%

Dividend/Share (TTM)

1.58

Shares Dilution (1Y)

0.15%

Diluted EPS (TTM)

13.18

Peers (Alternatives to Albemarle)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
32.8B
5.6B
6.66% 9.33%
124.51
7.57
68.83% 632.35%
28.8B
14.2B
18.20% -3.52%
15.42
1.9
-12.08% -71.53%
26.8B
17.7B
25.40% -12.04%
24.98
1.52
7.87% -24.63%
10.4B
9.6B
16.07% -27.45%
5.3
1.09
22.25% -41.43%
MID-CAP
9.1B
10.9B
15.19% -14.96%
7.81
0.84
9.36% 128.96%
7.4B
9.8B
7.03% 9.31%
5.17
0.76
20.84% 50.13%
5.5B
9.1B
7.19% -10.13%
4.34
0.58
16.06% 45.13%
5.3B
4.8B
18.48% -12.60%
26.11
1.1
9.91% -28.25%
3.2B
4.6B
25.54% -36.64%
12.58
0.63
0.15% -31.57%
2.4B
999.6M
1.27% 44.25%
215.4
2.37
3.34% -90.08%
SMALL-CAP
1.8B
1.1B
1.57% 27.74%
12.39
1.64
17.45% 247.74%
1.5B
2.0B
0.13% 14.37%
8.8
0.76
26.04% 176.07%
1.0B
2.0B
14.47% -8.29%
5.28
0.53
22.79% 13.21%
642.4M
5.3B
22.18% -49.42%
2.37
0.12
20.10% -84.83%
278.9M
1.6B
33.33% 44.40%
-3.63
0.19
3.18% -142.91%

Financials for Albemarle

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue29.1%5,5934,3323,6263,3283,313
Gross Profit52.4%2,3101,5151,1839981,027
  S&GA Expenses6.6%499468461441443
  R&D Expenses8.6%6459555457
Earnings Before Taxes786.5%1,562176310134190
Net Income489.5%1,554264281124212
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets10.4%13,82912,52011,41610,97410,832
  Current Assets28.3%4,2973,3502,3362,0082,078
    Cash Equivalents48.6%1,383931463439595
  Inventory32.7%1,6141,2161,014813746
  Net PPE3.5%6,4256,2086,0295,9105,655
  Goodwill-4.9%1,4681,5431,5761,5981,623
  Current Liabilities39.6%2,4881,7822,1031,8741,591
  Long Term Debt-2,394----
    LT Debt, Current0.0%2512515043901
    LT Debt, Non Current-2.7%3,1193,2061,9862,0042,021
Shareholder's Equity10.6%6,7336,0855,8275,6255,694
  Retained Earnings23.2%4,5153,6643,3043,0973,146
  Additional Paid-In Capital0.2%2,9342,9272,9152,9202,913
Accumulated Depreciation1.4%2,2892,2572,2102,1652,128
Shares Outstanding0.0%117117117117117
Minority Interest7.6%232216208180201
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations4224.2%80919392344828
  Share Based Compensation11.8%3027222022
Cashflow From Investing-5.3%-1,121.07-1,064.38-719.96-666.59-578.88
Cashflow From Financing-0.1%1,2201,22125150-360.37
  Dividend Payments0.4%184183182178173

Risks

What is the probability of a big loss on ALB?

97.7%


Probability that Albemarle stock will be more than 20% underwater in next one year

72.7%


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.

Returns

Cumulative Returns on ALB

18.8%


10-Year Cumulative Returns

28.9%


7-Year Cumulative Returns

18.1%


5-Year Cumulative Returns

66.6%


3-Year Cumulative Returns

What are the long-term rolling returns for ALB?

FIve years rolling returns for Albemarle.

Which funds bought or sold ALB recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-29
Provida Pension Fund Administrator
ADDED
29.76
7,728,000
41,027,000
1.56%
2022-11-23
Eagle Bay Advisors LLC
ADDED
239.61
143,741
187,000
0.12%
2022-11-23
Toroso Investments, LLC
ADDED
20.58
1,793,000
5,202,000
0.22%
2022-11-23
Aurora Investment Counsel
REDUCED
-53.17
-1,096,000
1,480,000
1.12%
2022-11-22
MFA Wealth Advisors, LLC
REDUCED
-3.76
297,000
1,650,000
0.61%
2022-11-22
B. Riley Wealth Advisors, Inc.
ADDED
32.05
566,000
1,412,000
0.04%
2022-11-22
CVA Family Office, LLC
ADDED
23.81
12,000
34,000
0.01%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
2,946,000
2,946,000
0.04%
2022-11-22
IHT Wealth Management, LLC
ADDED
4.15
395,000
1,640,000
0.12%
2022-11-21
Parallax Volatility Advisers, L.P.
REDUCED
-63.75
-2,039,000
1,728,000
-%

1–10 of 41

Latest Funds Activity

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

Albemarle News

Seeking Alpha

Lithium Americas stock falls amid judge's questions before Thacker Pass hearing.4 hours ago

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

25.62

-90.34%

37.93

-85.70%

56.98

-78.52%

76.91

-71.00%

96.65

-63.56%

Current Inflation

24.14

-90.90%

34.44

-87.01%

50.63

-80.91%

67.80

-74.44%

84.58

-68.11%

Very High Inflation

22.24

-91.61%

30.19

-88.62%

43.15

-83.73%

57.14

-78.45%

70.57

-73.39%

Historical Albemarle Fair Value Estimates


Recent SEC filings of Albemarle

View All Filings
Date Filed Form Type Document
Nov 30, 2022
4
Insider Trading
Nov 29, 2022
3
Insider Trading
Nov 14, 2022
4
Insider Trading
Nov 09, 2022
4
Insider Trading
Nov 02, 2022
10-Q
Quarterly Report
Nov 02, 2022
8-K
Current Report
Nov 01, 2022
4
Insider Trading
Oct 31, 2022
8-K/A
Current Report
Oct 31, 2022
8-K
Current Report
Oct 07, 2022
4
Insider Trading

Latest Insider Trading transactions for ALB

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-12-01
NARWOLD KAREN G
SOLD
-630,562
280.25
-2,250
EVP, Chief Admin Officer
2022-11-11
NARWOLD KAREN G
ACQUIRED
391,658
63.84
6,135
EVP, Chief Admin Officer
2022-11-11
NARWOLD KAREN G
SOLD
-2,923,540
322.26
-9,072
EVP, Chief Admin Officer
2022-11-08
Norris Eric
SOLD
-735,642
307.8
-2,390
President, Lithium
2022-11-01
NARWOLD KAREN G
SOLD
-642,735
285.66
-2,250
EVP, Chief Admin Officer
2022-10-03
NARWOLD KAREN G
SOLD
-609,188
270.75
-2,250
EVP, Chief Admin Officer
2022-09-06
NARWOLD KAREN G
SOLD
-605,228
268.99
-2,250
EVP, Chief Admin Officer
2022-08-31
Crawford Raphael Goszcz
ACQUIRED
656,838
91
7,218
President, Catalysts
2022-08-31
Crawford Raphael Goszcz
SOLD
-4,135,620
230.166
-17,968
President, Catalysts
2022-08-31
Crawford Raphael Goszcz
SOLD
-4,845,370
269.667
-17,968
President, Catalysts

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

2022-09-30
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]    
Net sales$ 2,091,805$ 830,566$ 4,699,126$ 2,433,753
Cost of goods sold1,047,991581,2932,625,8581,672,376
Gross profit1,043,814249,2732,073,268761,377
Selling, general and administrative expenses134,479103,477375,989318,180
Research and development expenses18,35813,28951,82741,901
(Gain) loss on sale of business/interest in properties09848,400(428,424)
Operating profit890,977131,5231,637,052829,720
Interest and financing expenses(29,691)(5,136)(98,934)(56,170)
Other income (expense), net7,974(643,196)32,237(631,870)
Income (loss) before income taxes and equity in net income of unconsolidated investments869,260(516,809)1,570,355141,680
Income tax expense (benefit)196,938(114,670)366,48614,422
Income (loss) before equity in net income of unconsolidated investments672,322(402,139)1,203,869127,258
Equity in net income of unconsolidated investments (net of tax)258,88427,706449,47662,215
Net income (loss)931,206(374,433)1,653,345189,473
Net income attributable to noncontrolling interests(33,991)(18,348)(95,974)(61,977)
Net income (loss) attributable to Albemarle Corporation$ 897,215$ (392,781)$ 1,557,371$ 127,496
Basic earnings per share (in dollars per share)$ 7.66$ (3.36)$ 13.30$ 1.10
Diluted earnings per share (in dollars per share)$ 7.61$ (3.36)$ 13.23$ 1.10
Weighted-average common shares outstanding - basic (in shares)117,136116,965117,106115,455
Weighted-average common shares outstanding - diluted (in shares)117,869116,965117,749116,140

ALB Balance Sheet

2022-09-30
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 1,382,803$ 439,272
Trade accounts receivable, less allowance for doubtful accounts (2022 – $2,495; 2021 – $2,559)1,035,117556,922
Other accounts receivable135,70966,184
Inventories1,614,299798,620
Other current assets129,043132,683
Total current assets4,296,9711,993,681
Property, plant and equipment, at cost8,713,7718,074,746
Less accumulated depreciation and amortization2,288,6642,165,130
Net property, plant and equipment6,425,1075,909,616
Investments1,158,535912,008
Other assets217,057252,239
Goodwill1,467,8481,597,627
Other intangibles, net of amortization262,984308,947
Total assets13,828,50210,974,118
Current liabilities:  
Accounts payable1,651,866647,986
Accrued expenses385,327763,293
Current portion of long-term debt251,216389,920
Dividends payable46,09845,469
Income taxes payable153,44427,667
Total current liabilities2,487,9511,874,335
Long-term debt3,118,7532,004,319
Postretirement benefits42,68143,693
Pension benefits187,498229,187
Other noncurrent liabilities597,980663,698
Deferred income taxes429,012353,279
Commitments and contingencies (Note 10)
Albemarle Corporation shareholders’ equity:  
Common stock, $.01 par value, issued and outstanding – 117,145 in 2022 and 117,015 in 20211,1711,170
Additional paid-in capital2,933,6592,920,007
Accumulated other comprehensive loss(717,309)(392,450)
Retained earnings4,515,1153,096,539
Total Albemarle Corporation shareholders’ equity6,732,6365,625,266
Noncontrolling interests231,991180,341
Total equity6,964,6275,805,607
Total liabilities and equity$ 13,828,502$ 10,974,118