Albemarle Corp

Industrials
Major Chemicals
www.albemarle.com

Earnings Score
Moat Score
Safety Score

Market Cap $12.89B
PE -7
Debt $3.57B
Cash $1.66B
EV $14.79B
FCF -$1.41B

Earnings

loading chart...

Sales & Net Margins

loading chart...

Earnings	-$1.97B
EBIT	-$2.61B
ROE	-19%
ROA	-15%
FCF	-$1.41B
Equity	$10.49B
Growth Stability	15%
PE	-6.55
PEG	-0.23
PB	1.23
P/FCF	-9.13
P/S	1.98
Price/Cash	0.13
Debt/Equity	0.34
Debt/FCF	-2.53
Net Margins	-33%
Gross Margins	-12%
Op. Margins	-40%
Earnings CAGR	13%
Sales Growth YoY	-41%
Sales Growth QoQ	-5%
Sales CAGR	13%
FCF CAGR	2%
Equity CAGR	15%
Earnings Stability	0.14
Earnings Growth YoY	-467%
Earnings Growth QoQ	383%
Earnings CAGR 5Y	28%

Sales CAGR 5Y	30%
FCF CAGR 5Y	3%
Equity CAGR 5Y	27%
Earnings CAGR 3Y	36%
Sales CAGR 3Y	36%
FCF CAGR 3Y	-1%
Equity CAGR 3Y	31%
Market Cap	$12.89B
Revenue	$6.50B
Dividend Yield	1%
Payout Ratio	-10%
Assets	$17.46B
Total Debt	$3.57B
Cash	$1.66B
Shares Outstanding	117.47M
EV	14.79B
Earnings Score	9%
Moat Score	3%
Safety Score	36%
Final Score	16%
Working Capital	2.76B
Current Ratio	2.44
Gross Profit	-$779.73M
Shares Growth 3y	0%
Equity Growth QoQ	-9%
Equity Growth YoY	3%

Assets & ROA

loading chart...

Stockholders Equity & ROE

loading chart...

Albemarle is the world's largest lithium producer. Our outlook for robust lithium demand is predicated upon increased demand for electric vehicle batteries. Albemarle produces lithium from its salt brine deposits in Chile and the U.S. and its hard rock joint venture mines in Australia. Albemarle is also a global leader in the production of bromine, used in flame retardants. The company is also a major producer of oil refining catalysts.

SEC Filings

Direct access to Albemarle Corp (ALB) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Albemarle Corp compare to its competitors?

Loading chart...

Peter Lynch's Chart

This chart shows the current pricing of Albemarle Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 13%

Stability 14%

loading chart...

Albemarle Corp Discounted Cash Flow

Fully customizable DCF calculator online for Albemarle Corp.

Years

Calculation mode

= -$16B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$1.4B	-$1.4B	-$1.5B	-$1.5B	-$1.5B	-$1.6B	-$1.6B	-$1.6B	-$1.7B	-$1.7B	-$1.7B	-$17B
DCF		-$1.3B	-$1.2B	-$1.1B	-$1B	-$970M	-$900M	-$835M	-$775M	-$719M	-$667M	-$6.7B
Value	-$16B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	5%	9%	24%	2%	21%	15%	12%	4%	37%	16%	-33%
ROA	-	5%	7%	8%	12%	7%	5%	7%	17%	2%	-15%
ROE	-	10%	16%	1%	18%	13%	8%	2%	33%	16%	-19%

Bad Net Margins (-32.56%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	34.05	4.88	-164.63	-13.08	-24.45	-84.88	-4.57	4.98	-5.82	-2.53
Debt over Equity	2.45	1.33	0.66	0.59	0.54	0.79	0.98	0.48	0.39	0.5	0.34
Growth Stability	-	-	-	15%	100%	100%	88%	23%	100%	100%	15%

Good Debt/FCF ratio (-2.53)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.34)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (15%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	49%	-27%	15%	10%	6%	-13%	6%	120%	31%	30%
Earnings YoY growth	-	151%	92%	-91%	1K%	-23%	-30%	-67%	2K%	-42%	28%
Equity YoY growth	-	128%	16%	-3%	-2%	9%	9%	30%	41%	18%	27%
FCF YoY growth	-	-65%	303%	-103%	1K%	-14%	-61%	1K%	-206%	-228%	3%