AdvanSix Inc Stock Research

Market Summary

USD43.28+0.03

Market Closed

0.07%

ASIX Stock Price

ASIX RSI Chart

ASIX Valuation

Market Cap

1.2B

Price/Earnings (Trailing)

7.41

Price/Sales (Trailing)

0.61

EV/EBITDA

4.23

Price/Free Cashflow

7.64

ASIX Price/Sales (Trailing)

ASIX Profitability

EBT Margin

10.80%

Return on Equity

22.66%

Return on Assets

11.12%

Free Cashflow Yield

13.09%

ASIX Fundamentals

ASIX Revenue

Revenue (TTM)

2.0B

Revenue Y/Y

7.23%

Revenue Q/Q

-17.98%

ASIX Earnings

Earnings (TTM)

161.8M

Earnings Y/Y

-77.17%

Earnings Q/Q

-84.6%

Price Action

52 Week Range

30.5856.53

(Low)(High)

Last 7 days

2.1%

Last 30 days

15.1%

Last 90 days

17.6%

Trailing 12 Months

5.3%

ASIX Financial Health

Current Ratio

1.14

Debt/Equity

0.19

Debt/Cashflow

1.89

ASIX Investor Care

Dividend Yield

1.22%

Dividend/Share (TTM)

0.53

Buy Backs (1Y)

1.66%

Diluted EPS (TTM)

5.52

Peers (Alternatives to AdvanSix)

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	36.7B	17.2B	8.48%	-2.40%	19.9	2.13	31.95%	-71.53%
ALB	33.0B	5.6B	31.62%	37.63%	21.24	5.9	68.83%	632.35%
PPG	26.8B	17.7B	2.48%	-15.41%	24.98	1.52	7.87%	-24.41%
CE	13.1B	9.6B	19.90%	-23.00%	7.91	1.36	22.25%	-41.43%
EMN	10.4B	10.9B	8.32%	-25.65%	8.9	0.96	9.36%	128.96%
MID-CAP
OLN	8.6B	9.8B	17.74%	28.63%	5.97	0.87	20.84%	50.13%
HUN	6.1B	9.7B	15.81%	-10.36%	5.14	0.63	26.63%	43.08%
AXTA	5.3B	4.8B	15.60%	1.84%	26.11	1.1	9.91%	-28.59%
AVNT	3.6B	5.7B	21.57%	-19.39%	19.19	0.63	36.02%	-31.70%
GCP	2.4B	999.6M	1.27%	44.25%	215.39	2.37	3.34%	-90.08%
SMALL-CAP
FOE	1.8B	-	1.57%	27.74%	12.39	1.64	-	-
ASIX	1.2B	2.0B	15.14%	5.32%	7.41	0.61	22.79%	13.21%
TSE	929.1M	5.3B	19.94%	-49.20%	15.99	0.18	23.08%	-84.83%
RYAM	431.8M	1.6B	-22.41%	11.39%	-10.15	0.27	13.21%	-142.91%

Financials for AdvanSix

Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Revenue	1.7%	1,966	1,933	1,787	1,685	1,601
S&GA Expenses	2.3%	86	84	85	83	82
EBITDA	-13.5%	277	321	292	245	-
EBITDA Margin	-14.9%	0.14*	0.17*	0.16*	0.15*	-
Earnings Before Taxes	-17.5%	212	257	230	185	184
EBT Margin	-18.8%	0.11*	0.13*	0.13*	0.11*	-
Interest Expenses	14.2%	-2.94	-3.43	-4.04	-5.02	-6.06
Net Income	-17.3%	162	196	175	140	143
Net Income Margin	-18.7%	0.08*	0.10*	0.10*	0.08*	-
Free Cahsflow	-14.6%	157	184	147	162	-

* denotes actual numbers (not divided by Millions)

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Assets	-1.9%	1,456	1,483	1,457	1,312	1,290
Current Assets	-8.6%	398	436	412	350	333
Cash Equivalents	42.8%	25	17	19	15	7
Inventory	1.9%	158	155	163	150	143
Goodwill	-3.4%	56	58	40	18	18
Liabilities	-3.0%	741	764	799	711	724
Current Liabilities	-1.6%	351	356	307	310	306
Shareholder's Equity	-0.7%	714	719	658	601	566
Retained Earnings	1.1%	538	532	471	412	388
Additional Paid-In Capital	-5.6%	182	192	193	196	193
Accumulated Depreciation	-	970	-	-	-	-
Shares Outstanding	-1.3%	28	28	28	28	28

* denotes actual numbers (not divided by Millions)

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Cashflow From Operations	-6.9%	237	255	211	219	233
Share Based Compensation	-2.6%	10	11	12	11	10
Cashflow From Investing	-5.3%	-179.65	-170.53	-163.53	-67.56	-63.61
Cashflow From Financing	43.6%	-40.21	-71.29	-42.20	-146.79	-179.12
Dividend Payments	38.4%	15	11	7	4	0
Buy Backs	125.7%	24	10	7	1	1

* denotes actual numbers (not divided by Millions)

Risks for ASIX

What is the probability of a big loss on ASIX?

85.8%

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

73.1%

Probability that AdvanSix stock will be more than 30% underwater in next one year.

47.3%

Probability that AdvanSix 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 ASIX drawdown profile look like?

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

Drawdowns

Returns for ASIX

Cumulative Returns on ASIX

1.6%

5-Year Cumulative Returns

34.4%

3-Year Cumulative Returns

What are the long-term rolling returns for ASIX?

FIve years rolling returns for AdvanSix.

Annualized Returns

Which funds bought or sold ASIX recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-01-26	Inspire Investing, LLC	reduced	-3.89	28,888	234,888	0.03%
2023-01-26	STRS OHIO	reduced	-19.63	-33,000	669,000	-%
2023-01-26	COMERICA BANK	reduced	-23.89	-39,000	693,000	-%
2023-01-26	Key Financial Inc	unchanged	-	82	3,082	-%
2023-01-26	CENTRAL TRUST Co	unchanged	-	42	3,042	-%
2023-01-26	State of Tennessee, Treasury Department	reduced	-2.65	-66,000	937,000	-%
2023-01-26	OREGON PUBLIC EMPLOYEES RETIREMENT FUND	reduced	-1.21	50,415	348,415	-%
2023-01-26	DUPONT CAPITAL MANAGEMENT CORP	added	51.41	78,363	177,363	0.01%
2023-01-25	WHITTIER TRUST CO	added	28.48	10,237	32,237	-%
2023-01-25	Sageworth Trust Co	unchanged	-	1,000	2,000	-%

Latest Funds Activity

Are funds buying ASIX calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own ASIX

No. of Funds

AdvanSix News

Schedule 13G FIlings of AdvanSix

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Jan 26, 2023	blackrock inc.	17.3%	4,779,938	SC 13G/A
Jan 20, 2023	blackrock inc.	17.3%	4,779,938	SC 13G
Feb 15, 2022	towle & co	-	0	SC 13G/A
Feb 09, 2022	vanguard group inc	7.23%	2,034,329	SC 13G/A
Jan 27, 2022	blackrock inc.	16.3%	4,585,800	SC 13G/A
Jan 26, 2022	blackrock inc.	16.3%	4,585,800	SC 13G/A
Feb 16, 2021	firefly value partners, lp	0%	0	SC 13G/A
Feb 12, 2021	towle & co	5.03%	1,409,024	SC 13G
Feb 10, 2021	vanguard group inc	6.86%	1,922,296	SC 13G/A
Jan 25, 2021	blackrock inc.	15.4%	4,329,203	SC 13G

ASIX Fair Value

AdvanSix fair value in different scenarios

The table shows the Fair Value estimates for AdvanSix 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	52.66 21.67%	74.15 71.33%	113.00 161.09%	155.35 258.94%	186.07 329.92%
Current Inflation	50.31 16.24%	69.65 60.93%	101.63 134.82%	138.05 218.97%	164.06 279.07%
Very High Inflation	47.26 9.20%	63.95 47.76%	88.10 103.56%	117.70 171.95%	138.39 219.76%

Fair Value

Very Pessimistic

Pessimistic

Base Case

Optimistic

Very Optimistic

Very Low Inflation

52.66

21.67%

74.15

71.33%

113.00

161.09%

155.35

258.94%

186.07

329.92%

Current Inflation

50.31

16.24%

69.65

60.93%

101.63

134.82%

138.05

218.97%

164.06

279.07%

Very High Inflation

47.26

9.20%

63.95

47.76%

88.10

103.56%

117.70

171.95%

138.39

219.76%

Historical AdvanSix Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of AdvanSix

View All Filings

Date Filed	Form Type	Document
Jan 26, 2023	SC 13G/A	Major Ownership Report
Jan 20, 2023	SC 13G	Major Ownership Report
Dec 16, 2022	4	Insider Trading
Dec 16, 2022	4	Insider Trading
Dec 16, 2022	4	Insider Trading
Dec 16, 2022	4	Insider Trading
Dec 16, 2022	4	Insider Trading
Nov 16, 2022	4	Insider Trading
Nov 04, 2022	10-Q	Quarterly Report
Nov 04, 2022	8-K	Current Report

Latest Insider Trading transactions for ASIX

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2022-12-15	Karran Todd D.	acquired	26,254.1	38.78	677	-
2022-12-15	Marberry Michael	acquired	21,910.7	38.78	565	-
2022-12-15	Gramm Christopher	sold	-40,300	40.3	-1,000	controller
2022-12-15	Hughes Darrell K.	acquired	7,872.34	38.78	203	-
2022-12-15	Williams Patrick	acquired	11,246.2	38.78	290	-
2022-11-15	Gramm Christopher	sold	-40,000	40	-1,000	controller
2022-10-17	Gramm Christopher	sold	-32,550	32.55	-1,000	controller
2022-09-30	Hughes Darrell K.	acquired	7,864.5	32.1	245	-
2022-09-30	Marberry Michael	acquired	21,860.1	32.1	681	-
2022-09-30	Williams Patrick	acquired	11,267.1	32.1	351	-

About AdvanSix

Erin N. Kane

1380

AdvanSix Inc. manufactures and sells polymer resins in the United States and internationally. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce fibers, filaments, engineered plastics and films. The company also provides caprolactam to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone that are used in the production of adhesives, paints, coatings, solvents, herbicides, and engineered plastic resins, as well as other intermediate chemicals, including phenol, alpha-methyl styrene, cyclohexanone, methyl ethyl ketoxime, acetaldehyde oxime, 2-pentanone oxime, cyclohexanol, sulfuric acid, ammonia, and carbon dioxide. It offers its products under the Aegis, Capra, Sulf-N, Nadone, Naxol, and EZ-Blox brands. The company sells its products directly, as well as through distributors. AdvanSix Inc. was incorporated in 2016 and is headquartered in Parsippany, New Jersey.

ASIX Income Statement

2022-09-30

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Sales	$ 478,769	$ 446,495	$ 1,541,578	$ 1,260,561
Costs, expenses and other:
Costs of goods sold	443,646	366,180	1,296,128	1,040,965
Selling, general and administrative expenses	23,069	21,121	65,120	62,112
Interest expense, net	686	1,174	2,017	4,096
Other non-operating (income) expense, net	(1,394)	331	(1,825)	349
Total costs, expenses and other	466,007	388,806	1,361,440	1,107,522
Income before taxes	12,762	57,689	180,138	153,039
Income tax expense	2,730	13,747	41,876	36,835
Net income	$ 10,032	$ 43,942	$ 138,262	$ 116,204
Earnings per common share
Basic (in dollars per share)	$ 0.36	$ 1.56	$ 4.92	$ 4.13
Diluted (in dollars per share)	$ 0.35	$ 1.51	$ 4.74	$ 4.02
Weighted average common shares outstanding
Basic (in shares)	27,944,494	28,182,810	28,103,255	28,136,511
Diluted (in shares)	28,889,658	29,100,276	29,173,537	28,920,832

ASIX Balance Sheet

2022-09-30

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 24,694	$ 15,100
Accounts and other receivables – net	185,901	178,140
Inventories – net	158,432	149,570
Taxes receivable	14,930	947
Other current assets	14,399	6,097
Total current assets	398,356	349,854
Property, plant and equipment – net	803,188	767,964
Operating lease right-of-use assets	124,960	136,207
Goodwill	56,192	17,592
Intangible assets	50,004	17,980
Other assets	22,833	22,402
Total assets	1,455,533	1,311,999
Current liabilities:
Accounts payable	265,090	211,511
Accrued liabilities	44,068	49,712
Income taxes payable	24	9,723
Operating lease liabilities – short-term	38,913	36,127
Deferred income and customer advances	2,561	2,749
Total current liabilities	350,656	309,822
Deferred income taxes	152,412	133,330
Operating lease liabilities – long-term	86,304	100,580
Line of credit – long-term	135,000	135,000
Postretirement benefit obligations	6,868	18,243
Other liabilities	10,016	13,834
Total liabilities	741,256	710,809
COMMITMENTS AND CONTINGENCIES (Note 9)
STOCKHOLDERS' EQUITY
Common stock, par value $0.01; 200,000,000 shares authorized; 31,962,466 shares issued and 27,715,594 outstanding at September 30, 2022; 31,755,430 shares issued and 28,139,954 outstanding at December 31, 2021	320	318
Preferred stock, par value $0.01; 50,000,000 shares authorized and 0 shares issued and outstanding at September 30, 2022 and December 31, 2021	0	0
Treasury stock at par (4,246,872 shares at September 30, 2022; 3,615,476 shares at December 31, 2021)	(42)	(36)
Additional paid-in capital	181,628	195,931
Retained earnings	538,056	411,516
Accumulated other comprehensive loss	(5,685)	(6,539)
Total stockholders' equity	714,277	601,190
Total liabilities and stockholders' equity	$ 1,455,533	$ 1,311,999