Latest News for Brenntag Stock (OTC:BNTGY)

Brenntag

Brenntag SE manufactures, distributes, and sells chemicals and chemical-based products. It operates in two reportable segments life science and material science. Life science chemicals are used to produce cosmetics, food, animal nutrition, and pharmaceuticals. The material science chemicals are used to produce soaps and detergents, coatings, and paints as well as the extraction of oil and gas. The company organizes itself into four segments based on geography EMEA, North America, Latin America, and APAC.

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Stocks That Hit 52-Week Highs On Friday

Brenntag SE

Brenntag SE 2023 Q3 - Results - Earnings Call Presentation

The chemical industry demonstrates remarkable resilience, driven by the robust demand across industries. Against this backdrop, it could be wise to buy fundamentally strong chemical stocks Brenntag (BNTGY), RPM International (RPM), and PPG Industries (PPG) for positive returns. Read more... The chemical industry is poised for significant expansion, propelled by robust demand across various customer segments and increasing awareness among consumers. Given the favorable industry trends, quality chemical stocks Brenntag SE (<a href="https://stocknews.com/stock/BNTGY/">BNTGY</a>), RPM International Inc. (<a href="https://stocknews.com/stock/RPM/">RPM</a>), and PPG Industries, Inc. (<a href="https://stocknews.com/stock/PPG/">PPG</a>) might generate significant returns in the near term.
Global chemical manufacturers have witnessed over <a href="https://www.gep.com/blog/mind/is-the-chemical-industry-on-track-to-achieve-sustainability-targets#:~:text=More%20End%2Dusers%20Demand%20Green%20Chemicals&amp;text=The%20demand%20drivers%20for%20green,awareness%20among%20consumers%20and%20digital">5% increase</a> in end-user demand for green chemicals across customer segments such as specialty industrial and specialty consumer chemicals. This is due to stringent government regulations for creating a sustainable industrial ecosystem and increasing awareness among consumers and digital transformation.
Moreover, the chemicals market is set for robust expansion, as indicated by the Global market model's projection of growth at a <a href="https://finance.yahoo.com/news/chemical-industry-outlook-expansion-driven-154500122.html">CAGR of 8.9%</a> until 2032. This growth is underpinned by a burgeoning demand across a range of applications, particularly within the packaging and automobile sectors.
In addition, increasing demand for specialty chemicals from the agrochemical industry, the increasing demand for recycled plastics, and the growing demand for construction chemicals is driving growth in specialty chemicals market. The specialty chemicals market is estimated to grow at a <a href="https://www.technavio.com/report/specialty-chemicals-market-industry-analysis">CAGR of 7%</a> until 2027.
With these favorable trends in mind, let's delve into the fundamentals of the three <a href="https://stocknews.com/category/chemicals/">Chemicals</a> stock picks, beginning with the third choice.
<h4>Stock #3: Brenntag SE (<a href="https://stocknews.com/stock/BNTGY/">BNTGY</a>)</h4>
Based in Essen, Germany, BNTGY purchases and supplies various industrial and specialty chemicals, and ingredients in Germany and internationally. The company operates in two segments, Brenntag Essentials; and Brenntag Specialties.
BNTGY pays $0.44 annually as dividends which translates to a yield of 1.81% at the current price. Its four-year average dividend yield is 2.21%.
BNTGY's trailing-12-month ROTA of 6.52% is 31.8% higher than the industry average of 4.94%, while its trailing-12-month levered FCF margin of 7.14% is 18.8% higher than the industry average of 6.01%.
BNTGY's net sales for the fiscal third quarter that ended September 30, 2023, came in at €4.09 billion ($4.46 billion). Its operating EBITA stood at €302.70 million ($330.08 million). Moreover, profit attributable to BNTGY shareholders and earnings per share came in at €176.30 million ($192.25 million) and €1.18, respectively. For the same quarter, the company's free cash flow increased 27% year-over-year to €441.60 million ($481.55 million).
The consensus revenue estimate of 19.70 billion for the year ending December 2024 represents a 4.9% increase year-over-year.
The stock has gained 16.8% over the past month to close the last trading session at $16.74.
BNTGY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its promising outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
The stock has an A grade in Momentum and Stability. It is ranked #16 out of 83 stocks in the <a href="https://stocknews.com/category/chemicals/">Chemicals</a> industry.
<a href="https://stocknews.com/stock/BNTGY/">Click here</a> to see the other ratings of BNTGY (Growth, Value, Sentiment, and Quality).
Stock #2: RPM International Inc. (<a href="https://stocknews.com/stock/RPM/">RPM</a>)
RPM manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide.
On October 3, 2023, RPM announced that the wall system fabrication segment (the Fabrication Business) of NOW Specialties, LLC (NOW) had been acquired by RPM's Tremco CPG Inc. and is now part of Tremco Construction Products Group (Tremco CPG).
RPM pays $1.84 annually as dividends which translates to a yield of 1.81% at the current price. Its four-year average dividend yield is 1.82%.
RPM's trailing-12-month <a href="https://www.investopedia.com/terms/g/gross_profit_margin.asp">gross profit margin</a> of 38.61% is 35.8% higher than the industry average of 28.43%, while its trailing-12-month levered FCF margin of 6.68% is 61.7% higher than the industry average of 4.13%.
For the fiscal first quarter ended August 31, 2023, RPM's net sales increased 4.1% from the year-ago quarter to $2.01 billion. Also, adjusted EBIT increased 12.3% year-over-year to $309.01 million and adjusted EPS increased 11.6% year-over-year to $1.64.
Analysts expect RPM's EPS for the fiscal second quarter ended November 30, 2023, to increase 11.4% year-over-year to $1.23. Its revenue is expected to increase 2.5% year-over-year to $1.84 billion for the same quarter. Also, the company topped the consensus EPS estimates in each of the four trailing quarters, which is impressive.
The stock has gained 9.2% over the past month to close the last trading session at $101.79.
RPM's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, which equates to Buy in our proprietary rating system.
It has a B grade for Quality and Sentiment. Within the same industry, it is ranked #20.
Beyond what is stated above, we've also rated RPM for Growth, Momentum, Value, and Stability. Get all RPM ratings <a href="https://stocknews.com/stock/RPM/">here</a>.
Stock #1: PPG Industries, Inc. (<a href="https://stocknews.com/stock/PPG/">PPG</a>)
PPG manufactures and distributes paints, coatings, and specialty materials worldwide. The company operates through Performance Coatings and Industrial Coatings segments.
On October 19, 2023, PPG declared a regular quarterly dividend of 65 cents per share, payable December 12, 2023.
PPG pays $2.60 annually as dividends which translates to a yield of 1.90% at the current price. Its four-year average dividend yield is 1.72%.
On October 6, 2023, PPG and the PPG Foundation announced a commitment to invest $2 million through 2025 to support workforce development initiatives that provide training and opportunities for future skilled workers in manufacturing and coatings application.
PPG's trailing-12-month gross profit of 40.30% is 41.8% higher than the industry average of 28.4%. Its trailing-12-month levered FCF margin of 7.03% is 70% higher than the industry average of 4.13%.
For the fiscal third quarter that ended September 30, 2023, PPG's net sales increased 3.9% year-over-year to $4.64 billion. The adjusted net income and adjusted earnings per share attributable to PPG grew 25.4% and 24.7% from the prior year's quarter to $493 million and $2.07, respectively.
Street expects PPG's revenue to increase 1.6% year-over-year to $4.25 billion for the fiscal fourth quarter ending December 2023. Its EPS is expected to grow 22% year-over-year to $1.49 for the same quarter. Also, the company topped the consensus EPS estimates in three of the four trailing quarters.
Over the past month, the stock has surged 9.6% to close the last trading session at $136.64.
It's no surprise that PPG has an overall rating of B, which equates to Buy in our proprietary rating system.
It has a B grade for Quality, Growth and Sentiment. Within the same industry, it is ranked #11.
In addition to the POWR Ratings stated above, one can access PPG's ratings for Momentum, Value, and Stability <a href="https://stocknews.com/stock/PPG/">here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
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<hr />
PPG shares were trading at $136.73 per share on Friday morning, up $0.09 (+0.07%). Year-to-date, PPG has gained 10.80%, versus a 20.32% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/ppg-rpm-bntgy-3-chemical-stocks-fueling-positive-investments/>3 Chemical Stocks Fueling Positive Investments</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Chemical Stocks Fueling Positive Investments

As we step into the new year, the chemical industry presents lucrative investment prospects driven by heightened demand in key end-use sectors, government initiatives, and technological advancements. Hence, fundamentally sound chemical stocks Brenntag (BNTGY), PPG Industries (PPG), and Mitsubishi Chemical Group (MTLHY) might be ideal buys for gains this year and beyond. Read on... A surge in demand from key end-use sectors such as automotive, construction, agriculture, healthcare, and electronics, particularly in emerging markets, is bolstering the chemical industry. So, investors could consider investing in robust chemical stocks Brenntag SE (<a href="https://stocknews.com/stock/BNTGY/">BNTGY</a>), PPG Industries, Inc. (<a href="https://stocknews.com/stock/PPG/">PPG</a>), and Mitsubishi Chemical Group Corporation (<a href="https://stocknews.com/stock/MTLHY/">MTLHY</a>) for solid gains this year.
Post-pandemic, government policies such as the Infrastructure Investment and Jobs Act and the Creating Helpful Incentives to Produce Semiconductors and Science Act have injected <a href="https://www2.deloitte.com/us/en/insights/industry/oil-and-gas/chemical-industry-outlook.html">significant funds and incentives</a> into sectors crucial for the energy transition, including electric vehicles, clean energy, semiconductors, lithium-ion batteries, and solar panels.
Despite soft overall chemical demand in 2023, demand for chemicals and materials supporting the energy transition is anticipated to grow in 2024 and beyond due to the positive effects of these initiatives on the economy.
Moreover, continuous innovation and research and development efforts have led to the introduction of novel and environmentally friendly chemical products, providing chemical companies with a competitive edge. On top of it, the chemical industry is leveraging data analytics and AI to gain valuable insights from vast datasets. Also, the concept of digital twins, creating virtual replicas of physical assets and processes, is gaining traction in the chemical industry.
As a result, the global chemical market is anticipated to grow at a <a href="https://www.thebusinessresearchcompany.com/report/chemicals-global-market-report">CAGR of 8.8%</a> until 2032.
Furthermore, the specialty chemicals market is experiencing growth propelled by rising demand for specialty chemicals in the agrochemical sector, recycled plastics, and construction chemicals. The specialty chemicals market is estimated to grow at a <a href="https://www.technavio.com/report/specialty-chemicals-market-industry-analysis">CAGR of 7%</a> until 2027.
With these favorable trends in mind, let's delve into the fundamentals of the three <a href="https://stocknews.com/category/chemicals/">Chemicals</a> stock picks, beginning with the third choice.
Stock #3: Brenntag SE (<a href="https://stocknews.com/stock/BNTGY/">BNTGY</a>)
Based in Essen, Germany, BNTGY purchases and supplies various industrial and specialty chemicals and ingredients internationally. The company operates in two segments, Brenntag Essentials and Brenntag Specialties.
BNTGY's trailing-12-month <a href="https://www.investopedia.com/terms/r/return_on_total_assets.asp">ROTA</a> of 6.52% is 30.6% higher than the industry average of 4.99%, and its trailing-12-month levered FCF margin of 7.14% is 19.4% higher than the industry average of 5,98%.
BNTGY pays $0.44 annually as dividends, which translates to a yield of 1.65% at the current price. Its four-year average dividend yield is 2.21%. The company has raised its dividend payouts at a CAGR of 15.8% over the past three years.
BNTGY's net sales for the fiscal third quarter that ended September 30, 2023, came in at €4.09 billion ($4.51 billion). Profit attributable to BNTGY shareholders and earnings per share came in at €176.30 million ($194.58 million) and €1.18, respectively. The company's free cash flow increased 27% year-over-year to €441.60 million ($487.38 million).
BNTGY's revenue is expected to rise 4.4% year-over-year to $19.48 billion in the fiscal year 2024.
The stock has gained 18.7% over the past three months to close the last trading session at $18.32.
BNTGY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its promising outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
The stock has an A grade in Momentum and Stability. It is ranked #17 in the 84-stock <a href="https://stocknews.com/category/chemicals/">Chemicals</a> industry.
Click <a href="https://stocknews.com/stock/BNTGY/">here</a> to see the other ratings of BNTGY (Growth, Value, Sentiment, and Quality).
Stock #2: PPG Industries, Inc. (<a href="https://stocknews.com/stock/PPG/">PPG</a>)
PPG manufactures and distributes paints, coatings, and specialty materials worldwide. The company operates through Performance Coatings and Industrial Coatings segments.
PPG's trailing-12-month gross profit of 40.30% is 41.3% higher than the industry average of 28.53%. Its trailing-12-month levered FCF margin of 7.03% is 71.1% higher than the industry average of 4.11%.
On December 12, PPG paid a regular quarterly dividend of 65 cents per share. Its annual dividend of $2.60 yields 1.74% at the current price level. Its four-year average dividend yield is 1.72%. The company has consistently raised its dividend payouts for the past 51 years.
In the fiscal third quarter that ended September 30, 2023, PPG's net sales increased 3.9% year-over-year to $4.64 billion. The adjusted net income and adjusted earnings per share attributable to PPG grew 25.4% and 24.7% from the prior year's quarter to $493 million and $2.07, respectively.
Analysts expect PPG's EPS and revenue to grow 22.4% and 1.9% year-over-year to $1.49 and $4.26 billion in the fiscal fourth quarter ended December 2023. Also, the company topped the consensus EPS estimates in each of the four trailing quarters, which is notable.
Over the past year, the stock has surged 18.3% to close the last trading session at $149.55.
It's no surprise that PPG has an overall rating of B, which equates to Buy in our proprietary rating system.
It has a B grade for Growth, Quality, and Sentiment. Within the same industry, it is ranked #9.
In addition to the POWR Ratings stated above, one can access PPG's ratings for Momentum, Value, and Stability <a href="https://stocknews.com/stock/PPG/">here</a>.
Stock #1: Mitsubishi Chemical Group Corporation (<a href="https://stocknews.com/stock/MTLHY/">MTLHY</a>)
Headquartered in Tokyo, Japan, MTLHY provides performance products, chemicals, industrial materials and gases, health care products, and other products internationally. It is also involved in environmental and recycling-related activities and provides warehousing and semiconductor-related services.
MTLHY's trailing-12-month asset turnover ratio of 0.74x is 6% higher than the industry average of 0.70x. Its trailing-12-month cash per share of $1.88 is 20.6% higher than the industry average of $1.56.
The company pays an annual dividend of $1.09 per share, translating to a dividend yield of 3.50% on the current share price. Its four-year average yield is 4.09%.
During the six months that ended September 30, 2023, MTHLY's revenues and gross profit stood at ¥2.15 trillion ($15.24 billion) and ¥562.36 billion ($3.99 billion), respectively. Net income attributable to owners of the parent and earnings per share stood at ¥67.21 billion ($476.42 million) and ¥45.22, respectively.
As of September 30, 2023, MTLHY's total current assets stood at ¥2.34 trillion ($16.59 billion), compared to ¥2.15 trillion ($15.24 billion) as of March 31, 2023.
Street expects MTLHY's revenue for the fiscal year ending March 2024 to increase significantly year-over-year to $31.22 billion.
The stock has gained 5.5% over the past six months to close its last trading session at $31.04. Over the past year, it has soared 20.9%.
MTLHY's POWR Ratings reflect this promising outlook. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
MTLHY has a B grade for Value, Stability, and Quality. Within the same industry, it is ranked #3.
To see MTLHY's additional Growth, Momentum, and Sentiment ratings, click <a href="https://stocknews.com/stock/MTLHY/">here</a>.
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<hr />
PPG shares were trading at $147.39 per share on Tuesday morning, down $2.16 (-1.44%). Year-to-date, PPG has declined -1.44%, versus a -0.72% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/ppg-bntgy-mtlhy-3-chemical-stocks-targeting-new-year-gains-and-beyond/>3 Chemical Stocks Targeting New Year Gains and Beyond</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Chemical Stocks Targeting New Year Gains and Beyond

Brenntag: Why The Company Is Great, But No Longer A 'Buy' (Rating Downgrade)

The chemical industry is witnessing notable expansion and innovation driven by increasing demand for vital materials and advancements in digitalization. Consequently, robust chemical stocks Brenntag (BNTGY), PPG Industries (PPG), and Asahi Kasei (AHKSY) could fortify your portfolio in this dynamic landscape. Read on... Despite the hurdles of the past year, the chemical industry is poised for a resurgence in 2024. Increasing demand, favorable regulations, and a concerted industry push toward sustainability, decarbonization, digitalization, and innovation are paving the way for robust growth and prosperity in the foreseeable future.
Given this context, fundamentally sound chemical stocks Brenntag SE (<a href="https://stocknews.com/stock/BNTGY/">BNTGY</a>), PPG Industries, Inc. (<a href="https://stocknews.com/stock/PPG/">PPG</a>), and Asahi Kasei Corporation (<a href="https://stocknews.com/stock/AHKSY/">AHKSY</a>) could be ideal additions to your portfolio. Before delving into these stocks, let's analyze the dynamics of the chemical industry.
While overall chemical demand remained subdued in 2023, the necessity for chemicals and materials pivotal in driving the energy transition is forecasted to surge in 2024 and beyond. The upswing is being propelled by the enduring impact of relevant policies on the economy, fostering a surge in manufacturing reliant on these substances, buoyed by recent government policies and incentives.
Furthermore, the industry supports over <a href="https://www2.deloitte.com/us/en/insights/industry/oil-and-gas/chemical-industry-outlook.html">75% of emissions reduction technologies</a> crucial for reaching net-zero goals by 2050. Notably, it manufactures materials for EV batteries, heat pump refrigerants, and components for wind turbines and semiconductors. These demand drivers are set to boost chemical production in 2024, with over 100 projects scheduled to begin operations.
Moreover, companies within the sector are transitioning from addressing isolated use cases to embracing a comprehensive approach to digitalization, integrating systems across operations and businesses. The shift is enabling enhanced productivity, expedited innovation, better decision-making, and fortified customer relationships.
The sector is also experiencing a notable uptick in AI adoption. Companies are harnessing Industry 4.0 tools such as IoT, digital twins, and robotics for data collection and process automation. Additionally, AI and machine learning are being employed to develop predictive models, optimize operations, and anticipate maintenance needs proactively.
As per a MarketsandMarkets report, the leading seven chemical sub-industries are set to increase from $2.27 trillion in 2023 to <a href="https://finance.yahoo.com/news/global-chemical-industry-outlook-2024-130000949.html">$2.41 trillion by 2024</a>, marking an 8% yearly growth. These sectors will present $165 billion in fresh opportunities in 2024, spanning new technologies, sustainable solutions, materials, and energy transition.
In light of these encouraging trends, let's look at the fundamentals of the three best <a href="https://stocknews.com/category/chemicals/">Chemicals</a> stocks, beginning with number 3.
Stock #3: Brenntag SE (<a href="https://stocknews.com/stock/BNTGY/">BNTGY</a>)
Headquartered in Essen, Germany, BNTGY procures and supplies industrial and specialty chemicals via Brenntag Essentials and Brenntag Specialties segments. It offers just-in-time delivery, blending, repackaging, inventory management, and drum return handling services.
On February 6, 2024, BNTGY unveiled its acquisition agreement for Chimica D'Agostino's chemical logistics site in Italy's industrial hub of Bari. Situated in Puglia, with convenient access to the Adriatic highway and nearby harbors, the acquisition would enhance BNTGY's market presence in Southern Italy and streamline its regional site network.
On December 21, 2023, BNTGY announced its acquisition deal with Solventis Group, specializing in glycols and solvents distribution. This aligns seamlessly with BNTGY's strategy, bolstering tollgate capabilities and volume flexibility through their Antwerp site. The acquisition would enhance BNTGY's global integration and regional market strength, improving customer access and market positioning.
For the fiscal 2023 third quarter that ended September 30, 2023, BNTGY's cash inflow from operating activities increased 3.4% year-over-year to €435 million ($468.64 million). Its free cash flow rose 27% from the prior year's period to €441.60 million ($475.75 million).
Additionally, as of September 30, 2023, the company's non-current assets amounted to €5.60 billion ($6.03 billion), compared to €5.45 billion ($5.87 billion) as of December 31, 2022.
Analysts expect BNTGY's revenue to increase 4.2% year-over-year to $19.35 billion for the fiscal year ending December 2024. Shares of BNTGY have gained 16.1% over the past six months to close the last trading session at $17.36.
BNTGY's solid outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
BNTGY has an A grade for Stability and a B for Value and Momentum. It is ranked #17 out of 84 stocks within the <a href="https://stocknews.com/category/chemicals/">Chemicals</a> industry.
In addition to the POWR Ratings I've highlighted, you can see BNTGY's Growth, Sentiment and Quality ratings <a href="https://stocknews.com/stock/BNTGY/">here</a>.
Stock #2: PPG Industries, Inc. (<a href="https://stocknews.com/stock/PPG/">PPG</a>)
PPG produces paints, coatings, and specialty materials. Its Performance Coatings segment offers protective and decorative coatings, sealants, finishes, and related chemicals. The Industrial Coatings segment provides coatings, adhesives, sealants, metal pretreatment products, optical monomers, and specialty materials.
On February 8, 2024, PPG unveiled the PPG ADJUSTRITE&#xAE; Repair Management tool, augmenting productivity in commercial vehicle repairs within the PPG AdjustRite system. The innovation addresses industry challenges, such as labor shortages and time constraints. This would enhance PPG's competitive edge by providing efficient solutions, ultimately driving profitability and customer satisfaction.
For the fiscal 2023 fourth quarter that ended December 31, 2023, PPG's net sales increased 3.9% year-over-year to $4.35 billion. Its adjusted net income and adjusted EPS grew 26.9% and 25.4% from the prior year's period to $363 million and $1.53, respectively. Furthermore, as of December 31, 2023, the company's <a href="https://www.investopedia.com/terms/c/cashandcashequivalents.asp">cash and cash equivalents</a> stood at $1.51 billion, compared to $1.10 billion as of December 31, 2022.
The consensus revenue estimate of $18.69 billion for the fiscal year ending December 2024 indicates a 2.5% year-over-year growth. Likewise, the consensus EPS estimate of $8.49 for the ongoing year reflects a 10.7% year-over-year increase. Furthermore, the company topped the consensus EPS estimates in all of the trailing four quarters.
Over the past year, the stock has gained 6.3%, closing the last trading session at $138.63.
PPG's robust fundamentals are apparent in its POWR Ratings. The stock has an overall rating of B, which equates to Buy in our proprietary rating system.
PPG has an A grade for Growth and a B for Quality. It is ranked #13 out of 84 stocks within the Chemicals industry.
<a href="https://stocknews.com/stock/PPG/">Click here</a> to access additional PPG ratings for Value, Momentum, Stability, and Sentiment.
Stock #1: Asahi Kasei Corporation (<a href="https://stocknews.com/stock/AHKSY/">AHKSY</a>)
Based in Tokyo, Japan, AHKSY manufactures chemicals. Its Materials segment includes fiber, petrochemicals, and high-performance polymers. The Housing segment covers construction, real estate, renovation, and lightweight concrete, whereas the Healthcare segment focuses on pharmaceuticals, diagnostics, and critical care products.
On December 6, AHKSY announced its investment in Ionomr Innovations Inc., a Canadian startup producing Anion Exchange Membranes (AEM). This move positions AHKSY to harness Ionomr's innovative technology for cost-effective green hydrogen production, enhancing AHKSY's sustainability efforts, technological competitiveness, and market leadership in renewable energy solutions.
For the fiscal 2023 third quarter that ended December 31, 2023, AHKSY's net sales increased 4.2% year-over-year to ¥718.20 billion ($4.82 billion). Its operating income rose 40.6% from the year-ago value to ¥42.60 billion ($286 million).
In addition, the company's EBITDA grew 16.5% from the prior year's period to ¥88.80 billion ($596.18 million), while net income attributable to the owners of the parent increased 96.5% year-over-year to ¥27.70 billion ($185.97 million).
The consensus revenue estimate of $18.77 billion for the fiscal year ending March 2024 reflects a 253.3% year-over-year rise. Similarly, the consensus revenue estimate of $19.45 billion for the next fiscal year (ending March 2025) exhibits a 3.6% year-over-year improvement.
AHKSY shares have gained 6.9% over the past six months, closing the last trading session at $13.77.
AHKSY's sound prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to Buy in our proprietary rating system.
AHKSY has an A grade for Stability and a B for Growth and Value. It has ranked #10 out of 84 stocks within the same industry.
<a href="https://stocknews.com/stock/AHKSY/">Click here</a> to access the additional AHKSY ratings (Momentum, Sentiment, and Quality).
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
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PPG shares were trading at $137.81 per share on Friday morning, down $0.82 (-0.59%). Year-to-date, PPG has declined -7.85%, versus a 5.18% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/ppg-bntgy-ahksy-3-portfolio-bolstering-chemical-stocks-to-consider-buying/>3 Portfolio Bolstering Chemical Stocks to Consider Buying</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Portfolio Bolstering Chemical Stocks to Consider Buying

Tweedy, Browne Fund Q4 2023 Commentary

The chemical sector is primed for substantial growth, driven by rising demand for specialty chemicals, advancements in AI adoption, and optimistic forecasts for capital spending. So, I present fundamentally sound chemical stocks Brenntag (BNTGY), AGC Inc. (ASGLY), and Toray Industries (TRYIY), which exhibit remarkable momentum. Keep reading… While overall chemical demand held steady in 2023, new government policies and incentives are expected to drive the need for chemicals and materials to support the energy transition to surge in 2024 and beyond.
Hence, investors could invest in quality chemical stocks Brenntag SE (<a href="https://stocknews.com/stock/BNTGY/">BNTGY</a>), AGC Inc. (<a href="https://stocknews.com/stock/ASGLY/">ASGLY</a>), and Toray Industries, Inc. (<a href="https://stocknews.com/stock/TRYIY/">TRYIY</a>), which are currently on an uptrend.
The United States is one of the largest national producers of chemical products globally. According to a report by MarketsandMarkets, the top seven chemical subindustries are projected to grow from $2.20 trillion in 2023 to $2.40 trillion by 2024, with a <a href="https://www.marketsandmarkets.com/Market-Reports/global-chemical-industry-outlook-89294716.html">CAGR of 8%</a>.
These segments are expected to present new opportunities worth $165 billion in 2024, including new technologies, sustainable solutions, new materials, and energy transition initiatives.
Further, the introduction of new government policies and incentives aimed at promoting investment in energy transition has spurred heightened manufacturing activity, particularly in sectors reliant on chemicals and materials. The chemical sector is also seeing a rise in AI adoption, with companies using Industry 4.0 tools like IoT, digital twins, and robotics for automation.
Additionally, the specialty chemicals market is experiencing growth driven by increasing demand from the electronics and pharmaceutical industries. The introduction of nanomaterials in specialty chemicals is anticipated to bring about innovative functionalities, offering significant growth prospects. The market is estimated to total $762.08 billion by 2030, expanding at a <a href="https://www.nextmsc.com/report/specialty-chemicals-market">CAGR of 4.4%</a>.
With these promising trends in mind, let's delve into the fundamentals of the top three <a href="https://stocknews.com/category/chemicals/">Chemicals</a> stocks, starting with the third-ranked option.
Stock #3: Brenntag SE (<a href="https://stocknews.com/stock/BNTGY/">BNTGY</a>)
Headquartered in Essen, Germany, BNTGY procures and supplies industrial and specialty chemicals via Brenntag Essentials and Brenntag Specialties segments. It offers just-in-time delivery, blending, repackaging, inventory management, and drum return handling services.
On March 5, 2024, BNTGY closed its inaugural share buy-back program, acquiring shares of up to €250 million ($270.59 million). This completion marks the end of the program, which began in March 2023 with the first tranche totaling €500 million ($541.18 million) and was successfully concluded by acquiring additional shares, achieving the program's total volume.
On February 6, 2024, BNTGY revealed its latest strategic move, the acquisition of Chimica D'Agostino's chemical logistics site nestled in Bari, Italy's bustling industrial hub. This strategic site, located in Puglia and boasting easy access to the Adriatic highway and nearby harbors, promises to bolster BNTGY's foothold in Southern Italy while optimizing its regional site network.
BNTGY planned to propose a dividend payment of €2.10 per share at the Annual General Meeting on May 23, 2024, up from €2 in 2022. If approved, this will mark the thirteenth consecutive dividend increase since the company's IPO in 2010.
The company pays an annual dividend of $0.44, which yields 1.80% on the current market price. Its dividend payouts have grown at a CAGR of 15.8% over the past three years.
During the fiscal year 2023, BNTGY generated net sales of €16.82 billion ($18.20 billion). Its operating gross profit and EBITA stood at €4.04 billion ($4.37 billion) and €1.27 billion ($1.37 billion). The company's <a href="https://www.investopedia.com/terms/f/freecashflow.asp">free cash flow</a> rose 70.3% from the prior year to €1.71 billion ($1.85 billion).
BNTGY anticipates its operating EBITA for the fiscal year 2024 to range between €1.23 billion ($1.33 billion) and €1.43 billion ($1.55 billion). Analysts expect BNTGY's revenue to increase 3.2% year-over-year to $19 billion for the fiscal year ending December 2024.
The stock has gained 15.7% over the past year to close the last trading session at $17.06. It is trading above its 200-day moving average of $16.32, indicating an uptrend.
BNTGY's bright outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
BNTGY has an A grade for Stability and Momentum and a B for Value. It is ranked #8 out of 82 stocks within the B-rated <a href="https://stocknews.com/category/chemicals/">Chemicals</a> industry.
In addition to the POWR Ratings I've highlighted, you can see BNTGY's Growth, Sentiment, and Quality ratings <a href="https://stocknews.com/stock/BNTGY/">here</a>.
Stock #2: AGC Inc. (<a href="https://stocknews.com/stock/ASGLY/">ASGLY</a>)
ASGLY is a Tokyo-based global company that manufactures and sells a wide range of products, including glass, automotive components, electronics materials, chemicals, and ceramics.
On February 28, ASGLY announced that it had completed the transfer of its Russian operations, including AGC Bor Glassworks JSC and AGC Flat Glass Klin LLC, fully withdrawing from the Russian market.
ASGLY's net sales for its fiscal year ended December 31, 2023, came in at ¥2.02 trillion ($13.34 billion). The company reported a profit before tax of ¥122.78 billion ($810.66 million), up 108.8% from the prior year. Profit for the year attributable to owners of the parent was ¥65.80 billion ($434.45 million), compared to a loss of 3.15 billion ($20.80 million) in the previous year.
The $3.63 billion consensus revenue estimate for fiscal year 2024 represents a 205.1% increase over the prior year.
The stock has gained 3.7% over the past month to close the last trading session at $7.22. It is trading above its 50-day and 200-day moving averages of $7.17 and $7.05, respectively.
It's no surprise that ASGLY has an overall A rating, which equates to a Strong Buy in our POWR Ratings system.
The stock has an A grade for Stability and a B for Growth, Momentum, and Quality. It is ranked #5 in the same industry.  
Click <a href="https://stocknews.com/stock/ASGLY/">here</a> to see ASGLY's additional Value and Sentiment grades.
Stock #1: Toray Industries, Inc. (<a href="https://stocknews.com/stock/TRYIY/">TRYIY</a>)
Headquartered in Tokyo, Japan, TRYIY, with its subsidiaries, manufactures, processes, and sells fibers and textiles, performance chemicals, carbon fiber composite materials, environment and engineering products, and life science products.
On March 28, TRYIY announced that it would initiate a sewage reuse system demonstration utilizing its water treatment membranes in Chennai, India, in response to the nation's escalating water demand amid rapid urbanization and prevalent drought conditions.
With an estimated water supply shortfall of 30% to 40% and limited sewage treatment capacity, TRYIY aims to address water scarcity and pollution challenges.
On March 21, TRYIY unveiled a highly durable reverse osmosis (RO) membrane designed to provide long-term high-quality water provision. The versatile applications of RO membranes encompass desalination, wastewater reuse, and drinking water production, addressing the need for sustainable water sources.
The company plans to mass-produce and launch the membrane in the expanding Chinese market by the first half of 2024, with global market expansion, including Japan, on the horizon.
It pays an annual dividend of $0.25, which yields 2.51% on the current market price, higher than its four-year average dividend yield of 2.26%.
During the nine months ended December 31, 2023, TRYIY reported revenues of ¥1.83 trillion ($12.08 billion) and operating income of ¥71.37 billion ($471.22 million). Profit attributable to owners of the parent reached ¥45.66 billion ($301.47 million), with its EPS standing at ¥28.46.
Furthermore, total assets amounted to ¥3.39 trillion ($22.38 billion) as of December 31, 2023, compared to ¥3.19 trillion ($21.06 billion) as of March 31, 2023.
TRYIY's revenue is expected to increase 268.4% year-over-year to $16.79 billion in the fiscal year ending March 2024.
Over the past month, the stock has gained 4.6% to close the last trading session at $9.63. It is currently trading above its 50-day moving average of $9.49.
TRYIY's POWR Ratings reflect this robust outlook. The stock has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
TRYIY has an A grade for Stability and a B for Growth, Value, and Momentum. Within the same industry, it is ranked #3.
To see the additional ratings of TRYIY for Sentiment and Quality, click <a href="https://stocknews.com/stock/TRYIY/">here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead. 
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

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BNTGY shares were trading at $16.81 per share on Thursday afternoon, down $0.25 (-1.49%). Year-to-date, BNTGY has declined -8.22%, versus a 10.40% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/bntgy-tryiy-asgly-3-chemical-stocks-building-momentum-for-investors/>3 Chemical Stocks Building Momentum for Investors</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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Latest News for Brenntag Stock (OTC:BNTGY)

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