Added to YB: 2024-04-29
Pitch date: 2024-03-31
LNXSF [bullish]
LANXESS Aktiengesellschaft
-20.89%
current return
Author Info
No bio for this author
Company Info
LANXESS Aktiengesellschaft, a specialty chemicals company, engages in the development, manufacture, and marketing of chemical intermediates, additives, and consumer protection products worldwide.
Market Cap
EUR 1.8B
Pitch Price
EUR 24.79
Price Target
N/A
Dividend
0.47%
EV/EBITDA
8.59
P/E
-7.57
EV/Sales
0.67
Sector
Chemicals
Category
turnaround
Longleaf Partners International Fund Portfolio Holding: LANXESS Aktiengesellschaft
LNXSF: German specialty chemical co. Q1 was tough amid high energy prices, low China/industrial demand, destocking. Mgmt optimistic on early recovery signs & structural cost cuts. Expect weak Q1, stronger Q2, accelerating H2 on easier comps & demand. Strong ops gearing to drive rapid EBITDA & cash gen growth as markets stabilize & cost cuts take effect, not yet priced in.
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