Huntsman Corp Stock Research

Market Summary

USD25.45-0.14

Delayedas of 24 May 2023, 10:04 am

-0.55%

HUN Alerts

Big fall in Revenue (Y/Y)
Big fall in earnings (Y/Y)

HUN Stock Price

HUN RSI Chart

HUN Valuation

Market Cap

4.6B

Price/Earnings (Trailing)

11.46

Price/Sales (Trailing)

0.61

EV/EBITDA

4.78

Price/Free Cashflow

10.87

HUN Price/Sales (Trailing)

HUN Profitability

Operating Margin

19.27%

EBT Margin

8.69%

Return on Equity

12.69%

Return on Assets

5.6%

Free Cashflow Yield

9.2%

HUN Fundamentals

HUN Revenue

Revenue (TTM)

7.6B

Revenue Y/Y

-32.78%

Revenue Q/Q

-2.67%

HUN Earnings

Earnings (TTM)

404.0M

Earnings Y/Y

-36.25%

Earnings Q/Q

268.13%

Price Action

52 Week Range

23.5436.80

(Low)(High)

Last 7 days

4.3%

Last 30 days

-3.5%

Last 90 days

-10.6%

Trailing 12 Months

-26.5%

HUN Financial Health

Current Ratio

1.85

Debt/Equity

0.41

Debt/Cashflow

0.61

HUN Investor Care

Dividend Yield

3.45%

Dividend/Share (TTM)

0.88

Buy Backs (1Y)

13.85%

Diluted EPS (TTM)

2.04

Peers (Alternatives to Huntsman)

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	35.5B	12.8B	-3.58%	5.03%	6.06	2.73	-0.48%	261.11%
ALB	25.3B	8.8B	24.36%	-10.50%	6.9	2.89	141.91%	1206.08%
FMC	15.7B	5.8B	-13.46%	-13.23%	21.26	2.7	11.45%	-4.90%
CE	11.8B	-	3.42%	-27.36%	7.94	1.25	22.25%	-28.36%
MID-CAP
EMN	10.0B	10.3B	1.40%	-19.52%	12.61	0.94	-4.67%	-15.40%
OLN	7.0B	8.8B	-2.86%	-14.46%	6.43	0.8	-7.34%	-24.77%
HUN	4.6B	7.6B	-3.51%	-26.53%	11.46	0.61	-11.52%	-66.83%
LTHM	4.4B	923.2M	18.88%	-16.43%	13.01	4.72	95.51%	513.74%
CC	4.3B	6.6B	2.76%	-28.85%	8.84	0.66	-1.62%	-34.54%
BCPC	4.0B	946.0M	-3.33%	2.13%	40.43	4.24	12.32%	-2.44%
GCP	2.4B	-	1.27%	44.25%	215.39	2.37	-	-
SMALL-CAP
KRO	1.0B	1.8B	-5.64%	-50.81%	31.67	0.56	-11.96%	-78.91%
GURE	31.3M	66.5M	7.67%	-26.80%	3.25	0.47	13.23%	560.17%

Financials for Huntsman

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	-4.9%	7,629	8,023	8,874	8,960	8,622
Gross Profit	-12.9%	1,346	1,546	1,875	1,963	1,856
Operating Expenses	0.8%	881	874	939	935	912
S&GA Expenses	3.4%	735	711	787	798	804
R&D Expenses	0%	125	125	138	142	143
EBITDA	-41.9%	1,044	1,797	1,991	1,852	-
EBITDA Margin	-35.7%	0.13*	0.20*	0.20*	0.21*	-
Earnings Before Taxes	-30.4%	485	697	1,443	1,550	1,454
EBT Margin	-46.6%	0.09*	0.16*	0.17*	0.16*	-
Interest Expenses	1.5%	67.00	66.00	66.00	68.00	75.00
Net Income	-12.2%	404	460	1,179	1,288	1,218
Net Income Margin	-56.8%	0.06*	0.13*	0.13*	0.13*	-
Free Cahsflow	-42.8%	642	1,123	986	741	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	-5.6%	7,763	8,220	8,132	8,721	9,402
Current Assets	-14.1%	2,700	3,145	3,196	3,437	3,988
Cash Equivalents	-6.0%	615	654	515	608	807
Inventory	5.3%	1,048	995	1,079	1,401	1,382
Net PPE	-0.5%	2,366	2,377	2,288	2,486	2,551
Goodwill	0.2%	642	641	636	648	650
Liabilities	-13.9%	3,773	4,380	4,148	4,370	4,862
Current Liabilities	-23.8%	1,297	1,701	1,595	1,622	2,118
Long Term Debt	-2.2%	1,488	1,521	1,550	-	-
LT Debt, Current	-83.3%	11.00	66.00	12.00	13.00	21.00
LT Debt, Non Current	-9.7%	1,509	1,671	1,476	1,508	1,529
Shareholder's Equity	10.1%	3,990	3,624	3,774	4,351	4,540
Retained Earnings	3.7%	2,804	2,705	2,836	2,778	2,595
Additional Paid-In Capital	0.9%	4,195	4,156	4,155	4,154	4,152
Shares Outstanding	-1.5%	181	184	193	202	210
Minority Interest	5.1%	227	216	210	204	197

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	-26.1%	675	914	1,394	1,292	1,054
Share Based Compensation	-6.9%	27.00	29.00	33.00	35.00	32.00
Cashflow From Investing	198.6%	275	-279	-273	-284	-266
Cashflow From Financing	-12.8%	-1,121	-994	-1,073	-895	-650
Dividend Payments	-0.6%	169	170	170	171	168
Buy Backs	-65.4%	348	1,005	112	112	112

Risks for HUN

What is the probability of a big loss on HUN?

86.5%

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

58.1%

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

42.3%

Probability that Huntsman 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 HUN drawdown profile look like?

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

Drawdowns

Returns for HUN

Cumulative Returns on HUN

5.7%

10-Year Cumulative Returns

11.2%

7-Year Cumulative Returns

-2.0%

5-Year Cumulative Returns

16.5%

3-Year Cumulative Returns

What are the long-term rolling returns for HUN?

FIve years rolling returns for Huntsman.

Annualized Returns

Which funds bought or sold HUN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-22	Raleigh Capital Management Inc.	unchanged	-	-46.00	10,627	-%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-0.72	-105,370	9,027,630	-%
2023-05-19	Harvest Investment Advisors, LLC	added	5.16	50,596	1,126,600	1.00%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-16.4	-1,039,000	5,155,000	0.01%
2023-05-18	JPMORGAN CHASE & CO	added	3.59	290,820	9,548,820	-%
2023-05-17	VIRGINIA RETIREMENT SYSTEMS ET AL	reduced	-0.59	234,690	2,308,320	0.02%
2023-05-17	Advisory Services Network, LLC	added	3.32	1,281	46,019	-%
2023-05-17	Thrivent Financial for Lutherans	unchanged	-	-15,000	3,414,000	0.01%
2023-05-17	Sunbelt Securities, Inc.	new	-	3,231	3,231	-%
2023-05-16	KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC	new	-	55.00	55.00	-%

Latest Funds Activity

Are funds buying HUN calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own HUN

No. of Funds

Huntsman News

Schedule 13G FIlings of Huntsman

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Apr 10, 2023	vanguard group inc	10.24%	18,813,902	SC 13G/A
Feb 09, 2023	vanguard group inc	9.58%	18,405,476	SC 13G/A
Feb 01, 2023	blackrock inc.	6.9%	13,226,319	SC 13G/A
May 19, 2022	starboard value lp	4.97%	10,434,108	SC 13D/A
Apr 06, 2022	starboard value lp	6.8%	14,576,348	SC 13D/A
Feb 03, 2022	blackrock inc.	5.8%	12,625,053	SC 13G/A
Jan 12, 2022	starboard value lp	8.6%	18,817,818	SC 13D/A
Sep 27, 2021	starboard value lp	8.4%	18,602,818	SC 13D
Aug 10, 2021	capital world investors	4.6%	10,284,037	SC 13G/A
Feb 10, 2021	vanguard group inc	9.38%	20,694,601	SC 13G/A

HUN Fair Value

Huntsman fair value in different scenarios

The table shows the Fair Value estimates for Huntsman 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	30.49 19.80%	41.10 61.49%	54.36 113.60%	64.52 153.52%	95.10 273.67%
Current Inflation	29.36 15.36%	39.19 53.99%	51.04 100.55%	60.22 136.62%	84.42 231.71%
Very High Inflation	27.87 9.51%	36.72 44.28%	46.83 84.01%	54.82 115.40%	71.93 182.63%

Historical Huntsman Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Huntsman

View All Filings

Date Filed	Form Type	Document
May 09, 2023	8-K/A	Current Report
May 05, 2023	10-Q	Quarterly Report
May 05, 2023	8-K	Current Report
Apr 26, 2023	8-K	Current Report
Apr 10, 2023	SC 13G/A	Major Ownership Report
Apr 03, 2023	PX14A6G	PX14A6G
Mar 21, 2023	DEF 14A	DEF 14A
Mar 10, 2023	PRE 14A	PRE 14A
Feb 28, 2023	4	Insider Trading
Feb 21, 2023	4	Insider Trading

Latest Insider Trading transactions for HUN

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-24	STRYKER DAVID M	acquired	714,156	22.3663	31,930	exec vp, gc and sec
2023-02-24	STRYKER DAVID M	sold (taxes)	-794,391	28.75	-27,631	exec vp, gc and sec
2023-02-17	Lister Philip M.	sold (taxes)	-37,037	30.66	-1,208	exec vp & cfo
2023-02-17	Benko Brittany	sold (taxes)	-37,773	30.66	-1,232	sr. vp, ehs
2023-02-17	STRYKER DAVID M	sold (taxes)	-137,510	30.66	-4,485	exec vp, gc and sec
2023-02-17	Hirsch Charlton R.	sold (taxes)	-35,841	30.66	-1,169	division president
2023-02-17	Aggarwal Rohit	sold	-	-	-4,786	division president
2023-02-17	Hankins Anthony P	sold (taxes)	-199,535	30.66	-6,508	ceo asia pacific and div pres
2023-02-17	Wright Scott J	sold (taxes)	-45,530	30.66	-1,485	division president
2023-02-17	Huntsman Peter R	sold (taxes)	-806,879	30.66	-26,317	chairman, president & ceo

About Huntsman

Peter R. Huntsman

www.huntsman.com

9000

Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates through four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products. The Performance Products segment manufactures amines and maleic anhydrides, including ethylene oxide, propylene oxide, glycols, ethylene dichloride, caustic soda, ammonia, hydrogen, methylamines, and acrylonitrile. The Advanced Materials segment offers epoxy, acrylic, polyurethane, and acrylonitrile-butadiene-based polymer formulations; high performance thermoset resins, curing agents and toughening agents, and carbon nanotubes additives; and base liquid and solid resins. The Textile Effects segment provides textile chemicals and dyes. The company's products are used in a range of applications, including adhesives, aerospace, automotive, construction products, durable and non-durable consumer products, electronics, insulation, medical, packaging, coatings and construction, power generation, refining, synthetic fiber, textile chemicals, and dye industries. Huntsman Corporation was founded in 1970 and is headquartered in The Woodlands, Texas.

HUN Income Statement

2023-03-31

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions

3 Months Ended

Mar. 31, 2023

Mar. 31, 2022

Revenues:

Total revenues

^[1]

$ 1,606

$ 2,192

Cost of goods sold

1,337

1,677

Gross profit

269

515

Operating expenses:

Selling, general and administrative

188

190

Research and development

Restructuring, impairment and plant closing credits

(7)

Other operating (income) expense, net

(3)

Total operating expenses

208

232

Operating income

283

Interest expense, net

(18)

(14)

Equity in income of investment in unconsolidated affiliates

Fair value adjustments to Venator investment, net

(1)

(2)

Other income, net

Income from continuing operations before income taxes

282

Income tax expense

(11)

(60)

Income from continuing operations

222

Income from discontinued operations, net of tax

122

Net income

166

240

Net income attributable to noncontrolling interests

(13)

(17)

Net income attributable to Huntsman Corporation

$ 153

$ 223

Basic income per share:

Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share)

$ 0.17

$ 0.96

Income from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share)

0.67

0.09

Net income attributable to Huntsman Corporation common stockholders (in dollars per share)

$ 0.84

$ 1.05

Weighted average shares (in shares)

182.7

212.7

Diluted income per share:

Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share)

$ 0.17

$ 0.95

Income from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share)

0.66

0.09

Net income attributable to Huntsman Corporation common stockholders (in dollars per share)

$ 0.83

$ 1.04

Weighted average shares (in shares)

184.4

215.4

Amounts attributable to Huntsman Corporation:

Income from continuing operations

$ 31

$ 205

Income from discontinued operations, net of tax

122

Net income attributable to Huntsman Corporation

153

223

Total revenues

^[1]

1,606

2,192

Cost of goods sold

1,337

1,677

Gross profit

269

515

Huntsman International LLC [Member]

Revenues:

Total revenues

1,606

2,192

Cost of goods sold

1,337

1,677

Gross profit

269

515

Operating expenses:

Selling, general and administrative

186

187

Research and development

Restructuring, impairment and plant closing credits

(7)

Other operating (income) expense, net

(3)

Total operating expenses

206

229

Operating income

286

Interest expense, net

(18)

(14)

Equity in income of investment in unconsolidated affiliates

Fair value adjustments to Venator investment, net

(1)

(2)

Other income, net

Income from continuing operations before income taxes

285

Income tax expense

(11)

(60)

Income from continuing operations

225

Income from discontinued operations, net of tax

122

Net income

168

243

Net income attributable to noncontrolling interests

(13)

(17)

Net income attributable to Huntsman Corporation

155

226

Amounts attributable to Huntsman Corporation:

Net income attributable to Huntsman Corporation

155

226

Total revenues

1,606

2,192

Cost of goods sold

1,337

1,677

Gross profit

269

515

Third Party Customers [Member]

Revenues:

Total revenues

1,573

2,132

Amounts attributable to Huntsman Corporation:

Total revenues

1,573

2,132

Third Party Customers [Member] | Huntsman International LLC [Member]

Revenues:

Total revenues

1,573

2,132

Amounts attributable to Huntsman Corporation:

Total revenues

1,573

2,132

Related Party Customers [Member]

Revenues:

Total revenues

Amounts attributable to Huntsman Corporation:

Total revenues

Related Party Customers [Member] | Huntsman International LLC [Member]

Revenues:

Total revenues

Amounts attributable to Huntsman Corporation:

Total revenues

$ 33

$ 60

[1]	Geographic information for revenues is based upon countries into which product is sold.

HUN Balance Sheet

2023-03-31

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Millions

Mar. 31, 2023

Dec. 31, 2022

Current assets:

Cash and cash equivalents

^[1]

$ 615

$ 654

Accounts and notes receivable

^[1]

878

813

Inventories

^[1]

1,048

995

Other current assets

150

190

Current assets held for sale

472

Total current assets

2,700

3,145

Property, plant and equipment, net

^[1]

2,366

2,377

Investment in unconsolidated affiliates

441

425

Intangible assets, net

415

425

Goodwill

642

641

Deferred income taxes

136

147

Operating lease right-of-use assets

367

374

Other noncurrent assets

^[1]

696

686

Total assets

7,763

8,220

Current liabilities:

Accrued liabilities

^[1]

381

429

Current portion of debt

^[1]

Current operating lease liabilities

^[1]

Current liabilities held for sale

194

Total current liabilities

1,297

1,701

Long-term debt

^[1]

1,509

1,671

Deferred income taxes

238

250

Noncurrent operating lease liabilities

^[1]

334

336

Other noncurrent liabilities

^[1]

395

422

Total liabilities

3,773

4,380

Commitments and contingencies (Notes 14 and 15)

Common stock $0.01 par value, 1,200,000,000 shares authorized, 261,880,013 and 261,148,217 shares issued and 180,894,240 and 183,634,464 shares outstanding, respectively

Additional paid-in capital

4,195

4,156

Treasury stock, 80,985,773 and 77,513,753 shares, respectively

(2,038)

(1,937)

Unearned stock-based compensation

(58)

(35)

Retained earnings

2,804

2,705

Accumulated other comprehensive loss

(1,143)

(1,268)

Total Huntsman Corporation stockholders’ equity

3,763

3,624

Noncontrolling interests in subsidiaries

227

216

Total equity

3,990

3,840

Total liabilities and equity

7,763

8,220

Related Party [Member]

Current assets:

Accounts receivable from affiliates

Current liabilities:

Accounts payable

Nonrelated Party [Member]

Current liabilities:

Accounts payable

^[1]

791

907

Huntsman International LLC [Member]

Current assets:

Cash and cash equivalents

^[1]

615

654

Accounts and notes receivable

^[1]

878

813

Inventories

^[1]

1,048

995

Other current assets

150

196

Current assets held for sale

472

Total current assets

2,700

3,151

Property, plant and equipment, net

^[1]

2,366

2,377

Investment in unconsolidated affiliates

441

425

Intangible assets, net

415

425

Goodwill

642

641

Deferred income taxes

136

147

Operating lease right-of-use assets

367

374

Other noncurrent assets

^[1]

696

686

Total assets

7,763

8,226

Current liabilities:

Accrued liabilities

^[1]

374

427

Current portion of debt

^[1]

Current operating lease liabilities

^[1]

Current liabilities held for sale

194

Total current liabilities

1,286

1,699

Long-term debt

^[1]

1,509

1,671

Deferred income taxes

242

254

Noncurrent operating lease liabilities

^[1]

334

336

Other noncurrent liabilities

^[1]

390

414

Total liabilities

3,761

4,374

Retained earnings

1,133

1,130

Accumulated other comprehensive loss

(1,127)

(1,253)

Total equity

4,002

3,852

Total liabilities and equity

7,763

8,226

Members’ equity, 2,728 units issued and outstanding

3,769

3,759

Total Huntsman International LLC members’ equity

3,775

3,636

Noncontrolling interests in subsidiaries

227

216

Huntsman International LLC [Member] | Related Party [Member]

Current assets:

Accounts receivable from affiliates

Current liabilities:

Accounts payable

Huntsman International LLC [Member] | Nonrelated Party [Member]

Current liabilities:

Accounts payable

^[1]

$ 787

$ 907

[1]

At March 31, 2023 and December 31, 2022, respectively, $12 and $5 of cash and cash equivalents, $6 and $4 of accounts and notes receivable (net), $57 and $59 of inventories, $147 and $149 of property, plant and equipment (net), $29 each of other noncurrent assets, $97 and $114 of accounts payable, $13 and $12 of accrued liabilities, $9 each of current portion of debt, $10 and $9 of current operating lease liabilities, $24 and $26 of long-term debt, $18 and $19 of noncurrent operating lease liabilities and $24 and $25 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 5. Variable Interest Entities.” These assets can only be used to settle obligations of the variable interest entities, and creditors of these liabilities do not have recourse to our general credit.