ASHLAND GLOBAL HOLDINGS INC Stock Research

Market Summary

USD84.88-1.29

Market Closed

-1.50%

ASH Stock Price

ASH RSI Chart

ASH Valuation

Market Cap

5.7B

Price/Earnings (Trailing)

6.27

Price/Sales (Trailing)

2.75

EV/EBITDA

37.64

Price/Free Cashflow

-273.07

ASH Price/Sales (Trailing)

ASH Profitability

Operating Margin

34.72%

EBT Margin

9.15%

Return on Equity

27.7%

Return on Assets

14.68%

Free Cashflow Yield

-0.37%

ASH Fundamentals

ASH Revenue

Revenue (TTM)

2.4B

Revenue Y/Y

-0.17%

Revenue Q/Q

14.86%

ASH Earnings

Earnings (TTM)

919.0M

Earnings Y/Y

-16.67%

Earnings Q/Q

-29.82%

Price Action

52 Week Range

84.85114.36

(Low)(High)

Last 7 days

-3.0%

Last 30 days

-14.8%

Last 90 days

-15.6%

Trailing 12 Months

-20.2%

ASH Financial Health

Current Ratio

3.72

Debt/Equity

0.33

Debt/Cashflow

0.14

ASH Investor Care

Dividend Yield

1.29%

Dividend/Share (TTM)

1.34

Diluted EPS (TTM)

4.18

Peers (Alternatives to ASHLAND GLOBAL HOLDINGS)

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
SHW	58.7B	22.6B	-3.83%	-16.93%	27.62	2.6	11.36%	16.49%
ECL	47.0B	14.5B	-1.22%	0.21%	43.04	3.24	10.51%	-3.38%
LYB	27.8B	47.5B	-8.34%	-19.49%	9.15	0.59	-5.39%	-48.13%
PPG	26.8B	17.7B	-4.21%	4.38%	24.98	1.52	2.87%	18.13%
IFF	19.7B	12.2B	-19.34%	-40.77%	-10.58	1.61	-1.42%	-768.10%
MID-CAP
OLN	6.4B	8.8B	-11.23%	-25.87%	5.85	0.73	-7.34%	-24.77%
ASH	5.7B	2.4B	-14.82%	-20.23%	6.27	2.75	6.84%	331.46%
AXTA	5.3B	5.0B	-5.10%	7.77%	26.11	1.1	10.33%	-27.28%
HUN	4.5B	7.6B	-7.84%	-32.02%	11.06	0.59	-11.52%	-66.83%
SCL	2.3B	2.7B	1.14%	-16.64%	15.47	0.82	10.71%	-16.56%
SMALL-CAP
CCF	1.1B	373.9M	8.80%	50.11%	27.24	2.99	21.91%	-6.22%
HWKN	958.5M	935.1M	13.96%	27.57%	15.96	1.03	20.73%	16.49%
AGFS	161.2M	161.9M	0.67%	53.06%	-4.83	1	-2.44%	-515.10%
CMT	154.9M	386.3M	-5.12%	77.90%	10.91	0.4	18.77%	179.41%

Financials for ASHLAND GLOBAL HOLDINGS

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	0.0%	2,404	2,405	2,391	2,351	2,250
Gross Profit	-2.8%	812	835	830	811	744
S&GA Expenses	-2.7%	393	404	393	383	349
R&D Expenses	-1.8%	54.00	55.00	55.00	53.00	52.00
EBITDA	11.1%	331	298	215	222	-
EBITDA Margin	10.4%	0.14*	0.12*	0.09*	0.11*	-
Earnings Before Taxes	15.0%	253	220	206	178	172
EBT Margin	6.2%	0.09*	0.09*	0.05*	0.05*	-
Interest Expenses	13.4%	-129	-149	-145	-87.00	-
Net Income	-0.9%	919	927	914	958	-
Net Income Margin	-1.4%	0.38*	0.39*	0.39*	0.46*	-
Free Cahsflow	-63.7%	29.00	80.00	71.00	288	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	-1.2%	6,183	6,259	6,213	6,412	6,780
Current Assets	-5.4%	1,631	1,724	1,768	1,817	2,025
Cash Equivalents	-25.0%	399	532	646	629	964
Inventory	0.8%	730	724	629	609	573
Net PPE	0.4%	1,351	1,346	1,338	1,352	1,380
Goodwill	1.2%	1,385	1,369	1,312	1,356	1,404
Current Liabilities	1.7%	472	464	553	550	810
. Short Term Borrowings	NaN%	-	-	-	-	-
Long Term Debt	-6.7%	1,102	1,181	1,356	-	-
LT Debt, Current	NaN%	-	-	-	-	-
LT Debt, Non Current	0.9%	1,328	1,316	1,270	1,302	1,336
Shareholder's Equity	-1.5%	3,267	3,318	3,220	3,266	3,381
Retained Earnings	-	3,653	-	-	-	-
Additional Paid-In Capital	-	135	-	-	-	-
Accumulated Depreciation	2.4%	1,813	1,770	1,712	1,713	1,701

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	26.0%	189	150	193	166	377
Share Based Compensation	0%	21.00	21.00	18.00	17.00	16.00
Cashflow From Investing	13.9%	-105	-122	-102	-87.00	-391
Cashflow From Financing	70.0%	-274	-912	-896	-1,059	-1,003
Dividend Payments	1.4%	72.00	71.00	70.00	70.00	71.00
Buy Backs	11.1%	200	180	310	-	-

Risks for ASH

What is the probability of a big loss on ASH?

36.1%

Probability that ASHLAND GLOBAL HOLDINGS stock will be more than 20% underwater in next one year

19.6%

Probability that ASHLAND GLOBAL HOLDINGS stock will be more than 30% underwater in next one year.

18.9%

Probability that ASHLAND GLOBAL HOLDINGS 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 ASH drawdown profile look like?

Y-axis is the maximum loss one would have experienced if ASHLAND GLOBAL HOLDINGS was unfortunately bought at previous high price.

Drawdowns

Returns for ASH

Cumulative Returns on ASH

8.2%

10-Year Cumulative Returns

8.0%

7-Year Cumulative Returns

3.2%

5-Year Cumulative Returns

9.7%

3-Year Cumulative Returns

What are the long-term rolling returns for ASH?

FIve years rolling returns for ASHLAND GLOBAL HOLDINGS.

Annualized Returns

Which funds bought or sold ASH recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-26	ProShare Advisors LLC	reduced	-43.7	-262,172	305,049	-%
2023-05-24	Old North State Trust, LLC	unchanged	-	-	7,000	-%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-40.00	-14,971,400	20,096,600	0.01%
2023-05-22	PUTNAM INVESTMENTS LLC	new	-	2,863,250	2,863,250	-%
2023-05-18	JPMORGAN CHASE & CO	added	10.83	751,000	13,560,000	-%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-3.29	-553,000	6,705,000	0.01%
2023-05-17	KB FINANCIAL PARTNERS, LLC	added	8.71	2,000	35,000	0.01%
2023-05-17	Advisory Services Network, LLC	added	26.99	3,671	21,242	-%
2023-05-17	Thrivent Financial for Lutherans	reduced	-63.46	-65,082,000	34,899,000	0.09%
2023-05-16	JANE STREET GROUP, LLC	added	100	462,545	970,302	-%

Latest Funds Activity

Are funds buying ASH calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own ASH

No. of Funds

ASHLAND GLOBAL HOLDINGS News

Schedule 13G FIlings of ASHLAND GLOBAL HOLDINGS

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	9.52%	5,167,846	SC 13G/A
Feb 03, 2023	blackrock inc.	8.4%	4,531,455	SC 13G/A
Jan 30, 2023	franklin mutual advisers llc	3.1%	1,683,651	SC 13G/A
Jun 14, 2022	eminence capital, lp	7.5%	4,083,978	SC 13D/A
Feb 09, 2022	vanguard group inc	9.26%	5,271,092	SC 13G/A
Feb 03, 2022	blackrock inc.	8.1%	4,632,459	SC 13G/A
Feb 01, 2022	franklin mutual advisers llc	7.1%	4,009,498	SC 13G
Dec 09, 2021	vanguard group inc	10.05%	5,712,162	SC 13G/A
Feb 10, 2021	vanguard group inc	9.39%	5,693,009	SC 13G/A
Jan 29, 2021	blackrock inc.	7.7%	4,664,064	SC 13G/A

ASH Fair Value

Show Fair-Value

Recent SEC filings of ASHLAND GLOBAL HOLDINGS

View All Filings

Date Filed	Form Type	Document
May 12, 2023	8-K	Current Report
May 03, 2023	10-Q	Quarterly Report
May 02, 2023	8-K	Current Report
Apr 20, 2023	8-K	Current Report
Apr 04, 2023	4	Insider Trading
Apr 04, 2023	4	Insider Trading
Mar 14, 2023	UPLOAD	UPLOAD
Mar 10, 2023	CORRESP	CORRESP
Mar 01, 2023	UPLOAD	UPLOAD
Feb 24, 2023	4	Insider Trading

Latest Insider Trading transactions for ASH

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-09	Winkler von Mohrenfels Petra Yvonne	back to issuer	-219,678	107	-2,035	sr. vp, gc and secretary
2023-02-09	Winkler von Mohrenfels Petra Yvonne	acquired	219,775	79.9182	2,750	sr. vp, gc and secretary
2023-02-09	Winkler von Mohrenfels Petra Yvonne	sold (taxes)	-26,123	107	-242	sr. vp, gc and secretary
2023-02-03	WANG XIAOLAN	acquired	-	-	5,052	sr vp & gen mgr, personal care
2023-02-03	WANG XIAOLAN	back to issuer	-532,026	105	-5,052	sr vp & gen mgr, personal care
2023-01-03	CHONG MIN	sold (taxes)	-177,158	108	-1,634	sr vp & gen mgr, spc additives
2023-01-03	CHONG MIN	acquired	590,455	108	5,446	sr vp & gen mgr, spc additives
2022-12-16	NOVO GUILLERMO	acquired	2,870	106	27.00	chair of the board and ceo
2022-12-16	NOVO GUILLERMO	sold (taxes)	-1,382	106	-13.00	chair of the board and ceo
2022-12-15	NOVO GUILLERMO	sold (taxes)	-445,333	106	-4,189	chair of the board and ceo

About ASHLAND GLOBAL HOLDINGS

Guillermo Novo

N/A

4100

Ashland Global Holdings Inc. provides additives and specialty ingredients worldwide. It operates through Life Sciences; Personal Care & Household; Specialty Additives; and Intermediates and Solvents segments. The Life Sciences segment offers pharmaceutical solutions, including controlled release polymers, disintegrants, tablet coatings, thickeners, solubilizers, and tablet binders; nutrition solutions, such as thickeners, stabilizers, emulsifiers, and additives; and nutraceutical solutions comprising products for weight management, joint comfort, stomach and intestinal health, sports nutrition, and general wellness, as well as custom formulation, toll processing, and particle engineering solutions. The Personal Care & Household segment provides a range of nature-based, biodegradable, and performance ingredients; solutions for toothpastes, mouth washes and rinses, denture cleaning, and care for teeth; and household supplies nature-derived rheology ingredients, biodegradable surface wetting agents, performance encapsulates, and specialty polymers. The Specialty Additives segment offers rheology modifiers, foam control agents, surfactants and wetting agents, pH neutralizers, advanced ceramics used in catalytic converters, environmental filters, ingredients for the manufacturing of ceramic capacitors, plasma display panels and solar cells, ingredients for textile printing, thermoplastic metals, and alloys for welding. The Intermediates and Solvents segment produces 1,4 butanediol and related derivatives, including n-methylpyrrolidone. Ashland Global Holdings Inc. offers its products to customers in a range of consumer and industrial markets, such as architectural coatings, construction, energy, food and beverage, nutraceuticals, personal care, and pharmaceutical. The company was formerly known as Ashland Inc. and changed its name to Ashland Global Holdings Inc. in September 2016. Ashland Global Holdings Inc. was founded in 1924 and is based in Wilmington, Delaware.

ASH Income Statement

2023-03-31

STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME (LOSS) (unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Sales	$ 603	$ 604	$ 1,128	$ 1,115
Cost of sales	406	384	766	735
Gross profit	197	220	362	380
Selling, general and administrative expense	79	90	172	172
Research and development expense	12	13	25	26
Intangibles amortization expense - Note G	23	24	46	47
Equity and other income	0	0	1	0
Income on acquisitions and divestitures, net - Note B	0	7	0	7
Operating income	83	100	120	142
Net interest and other expense (income)	(10)	43	(24)	49
Other net periodic benefit loss (income)	2	(1)	3	(1)
Income from continuing operations before income taxes	91	58	141	94
Income tax expense (benefit) - Note J	(1)	20	7	24
Income from continuing operations	92	38	134	70
Income (loss) from discontinued operations (net of income taxes) - Note C	(1)	748	(2)	764
Net income	$ 91	$ 786	$ 132	$ 834
Basic earnings per share - Note M
Income from continuing operations	$ 1.71	$ 0.67	$ 2.47	$ 1.22
Income (loss) from discontinued operations	(0.01)	13.23	(0.04)	13.48
Net income	1.70	13.90	2.43	14.70
Diluted earnings per share - Note M
Income from continuing operations	1.68	0.66	2.43	1.20
Income (loss) from discontinued operations	(0.01)	13.03	(0.04)	13.25
Net income	$ 1.67	$ 13.69	$ 2.39	$ 14.45
COMPREHENSIVE INCOME
Net income	$ 91	$ 786	$ 132	$ 834
Other comprehensive income (loss), net of tax
Unrealized translation gain (loss)	27	(5)	109	(21)
Unrealized gains (losses) on commodity hedges	(3)	5	(7)	1
Other comprehensive income (loss) - Note N	24	0	102	(20)
Comprehensive income	$ 115	$ 786	$ 234	$ 814

ASH Balance Sheet

2023-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions

Mar. 31, 2023

Sep. 30, 2022

Current assets

Cash and cash equivalents

$ 399

$ 646

Accounts receivable - Note H

^[1]

395

402

Inventories - Note F

730

629

Other assets

107

Total current assets

1,631

1,768

Property, plant and equipment

Cost

3,164

3,050

Accumulated depreciation

1,813

1,712

Net property, plant and equipment

1,351

1,338

Goodwill - Note G

1,385

1,312

Intangibles - Note G

940

963

Operating lease assets, net - Note I

124

107

Restricted investments - Note E

349

313

Asbestos insurance receivable - Note L

^[2]

133

138

Deferred income taxes

Other assets

250

254

Total noncurrent assets

4,552

4,445

Total assets

6,183

6,213

Current liabilities

Trade and other payables

246

265

Accrued expenses and other liabilities

206

269

Current operating lease obligations - Note I

Total current liabilities

472

553

Noncurrent liabilities

Long-term debt - Note H

1,328

1,270

Asbestos litigation reserve - Note L

443

472

Deferred income taxes

175

176

Employee benefit obligations - Note K

110

103

Operating lease obligations - Note I

108

Other liabilities

280

325

Total noncurrent liabilities

2,444

2,440

Commitments and contingencies - Note L

Stockholders' equity - Note N

3,267

3,220

Total liabilities and stockholders' equity

$ 6,183

$ 6,213

[1]	Accounts receivable includes an allowance for credit losses of $4 million at both March 31, 2023 and September 30, 2022.
[2]	Asbestos insurance receivable includes an allowance for credit losses of $3 million at both March 31, 2023 and September 30, 2022.