Ashland Global Holdings Inc.

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ASH : NYSE : Process Industries
$68.91 -1.2 | -1.7%
Today's Range: 69.2 - 69.9
Avg. Daily Volume: 1068300.0
03/22/18 - 10:50 AM ET

Financial Analysis

ASHLAND GLOBAL HOLDINGS INC's gross profit margin for the first quarter of its fiscal year 2018 is essentially unchanged when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. ASHLAND GLOBAL HOLDINGS INC has average liquidity. Currently, the Quick Ratio is 1.22 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 7.05% 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 Q1 FY18 Q1 FY17
Net Sales ($mil)842.0704.0
EBITDA ($mil)124.0107.0
EBIT ($mil)51.039.0
Net Income ($mil)-4.0-1.0

Balance Sheet Q1 FY18 Q1 FY17
Cash & Equiv. ($mil)631.0734.0
Total Assets ($mil)8655.09063.0
Total Debt ($mil)2939.02932.0
Equity ($mil)3399.03175.0

Profitability Q1 FY18 Q1 FY17
Gross Profit Margin33.8533.81
EBITDA Margin14.7215.19
Operating Margin6.065.54
Sales Turnover0.340.28
Return on Assets-0.02-1.31
Return on Equity-3.26-13.82
Debt Q1 FY18 Q1 FY17
Current Ratio1.962.3
Interest Expense35.037.0
Interest Coverage1.461.05

Share Data Q1 FY18 Q1 FY17
Shares outstanding (mil)62.2362.22
Div / share0.230.39
Book value / share54.6251.03
Institutional Own % n/a n/a
Avg Daily Volume1048343.0609038.0


HOLD. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. For additional comparison, its price-to-book ratio of 1.32 indicates a significant discount versus the S&P 500 average of 3.28 and a significant discount versus the industry average of 4.51. 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.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
ASH NM Peers 35.66   ASH 13.77 Peers 16.38

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.


Discount. 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 discount to its peers.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
ASH 19.21 Peers 18.11   ASH NA Peers 8.35

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 significant 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.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
ASH 1.32 Peers 4.51   ASH 74.44 Peers 357.01

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.


Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, ASH is expected to significantly trail its peers on the basis of its earnings growth rate.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
ASH 1.54 Peers 2.55   ASH 13.63 Peers 16.32

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.


Lower. A sales growth rate that trails the industry implies that a company is losing market share.

ASH trails its peers on the basis of sales growth



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