Ashland Global Holdings Inc.Find Ratings Reports
ASHLAND GLOBAL HOLDINGS INC's gross profit margin for the second quarter of its fiscal year 2018 has significantly increased when compared to the same period a year ago. Even though sales increased, the net income has decreased. ASHLAND GLOBAL HOLDINGS INC has average liquidity. Currently, the Quick Ratio is 1.32 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.
During the same period, stockholders' equity ("net worth") has increased by 6.39% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.
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|Income Statement||Q2 FY18||Q2 FY17|
|Net Sales ($mil)||974.0||317.0|
|Net Income ($mil)||73.0||92.0|
|Balance Sheet||Q2 FY18||Q2 FY17|
|Cash & Equiv. ($mil)||225.0||635.0|
|Total Assets ($mil)||8441.0||9186.0|
|Total Debt ($mil)||2638.0||2923.0|
|Profitability||Q2 FY18||Q2 FY17|
|Gross Profit Margin||28.23||22.4|
|Return on Assets||-0.24||-1.24|
|Return on Equity||-0.25||-12.75|
|Debt||Q2 FY18||Q2 FY17|
|Share Data||Q2 FY18||Q2 FY17|
|Shares outstanding (mil)||62.23||62.22|
|Div / share||0.23||0.39|
|Book value / share||56.42||53.04|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||920792.0||1005637.0|
BUY. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. For additional comparison, its price-to-book ratio of 1.32 indicates a significant discount versus the S&P 500 average of 3.22 and a significant discount versus the industry average of 4.23. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. After reviewing these and other key valuation criteria, ASHLAND GLOBAL HOLDINGS INC proves to trade at a discount to investment alternatives within the industry.
|ASH NM||Peers 50.66||ASH 15.42||Peers 16.33|
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.
ASH's P/E is negative making this valuation measure meaningless.
Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.
ASH is trading at a valuation on par to its peers.
|ASH 19.10||Peers 18.02||ASH NA||Peers 1.05|
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.
ASH is trading at a premium to its peers.
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.
Ratio not available.
|ASH 1.32||Peers 4.23||ASH 97.36||Peers 44.47|
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
ASH is trading at a significant discount to its peers.
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
ASH is expected to have an earnings growth rate that significantly exceeds its peers.
|ASH 1.30||Peers 2.49||ASH 39.02||Peers 21.36|
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.
ASH is trading at a significant discount to its industry on this measurement.
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.
ASH has a sales growth rate that significantly exceeds its peers.