Performance Data for Fourteen United States Chemical Companies/Comparison to EU and Japanese Chemical Companies

 The table below shows eleven sets of 2019 performance data for fourteen United States chemical companies.  These companies represent many of the largest publicly-traded chemical companies headquartered in the United States. 

Share price is a recent share price in dollars.  p/e is share price divided by earnings per share.  % yield is the dividend yield.  The price/cash column shows how much an investor is paying for an additional dollar of cash flow.   Lower values are better for the investor.  Roe, gpm, and npm stand for return on equity (roe), gross profit margin (gpm), and net profit margin (npm).  LT debt/eqty% is the company’s long term (LT) debt as percentage of the company equity.  This measurement reflects debt burden – the higher the value, the higher the debt burden.  Sales/empl is the sales revenue per employee (in millions of $).  This value can indicate companies operating more efficiently when values are higher.  Shares are the number of companies shares (in billions).  And revs is the company’s sales revenues (in billions of $).

 

company	share price	p/e	% yield	price/ cash	roe	gpm	npm	LT debt /eqty %	sales/ empl in million $	shares in billion	revs in billion $
dow	52.75	31.59	5.39	9.24	9.43	13.5	3.36	133	1.1	0.742	38.5
ppg	138.58	30.36	1.6	20.14	23.5	43.8	7.74	86	0.29	0.236	13.8
dupont	73.14	-	1.51	42.05	0	34.1	0	58	0.581	0.734	21.5
eastman	100	28.07	2.81	12.53	12.6	23.3	5.77	93	0.586	0.136	8.5
air products	268.95	31.19	2.25	18.84	16.4	33.9	21.97	62	0.466	0.221	8.9
mosaic	28.86	-	0.77	10	0	8.85	0	53	0.659	0.379	8.9
westlake	79.18	34.06	1.41	8.31	4.89	12.8	4.51	62	0.787	0.128	8.1
huntsman	27.08	36.61	2.46	8.36	5.84	17.5	3.08	49	0.601	0.221	6.8
celanese	122.67	7.16	2.23	6.07	66.2	22.9	35.44	92	0.739	0.117	5.7
chemours	26.76	-	3.8	16.73	0	18.1	0	555	0.712	0.165	5.5
olin	26.24	-	3.35	6.7	0	6.66	0	264	0.892	0.158	5.8
fmc	109.75	24.88	1.77	20.26	20.3	44.9	12.18	103	0.733	0.13	4.6
trinseo	53.42	-	0.63	8.54	0	7.37	0	212	1.13	0.038	3.8
albemarle	166.37	45.43	0.95	25.16	9.58	33	10.61	71	0.54	0.107	3.6
average	91.0	29.9	2.2	15.2	12.1	22.9	7.5	135.1	0.7	0.3	10.3

In a previous blog, I presented 2019 performance data for nine Japanese chemical companies using the same eleven metrics and compared the Japanese data to data on fifteen European Union (EU) chemical companies.   Click here to see that data and the Japanese to EU comparisons. 

The following table shows the averages for each of the 11 performance data metrics associated with the chemical companies in each region (Japan; EU; and the United States).  The table also shows the average of the three averages (the average of the averages).   Using the “average of the averages” as a benchmark (the fifth column), the sixth column shows the region with the best metric compared to the averages of the averages and based on the explanations I provide in the second paragraph above on how to think about the eleven metrics from the standpoint of performance. 

 

metric	averages for all japanese companies	averages for all eu companies	averages for all United States companies	average of the averages	region with best metric
share price	53.1	79.6	91.0	74.6	jp
p/e	51.6	28.0	29.9	36.5	eu
% yield	2.8	3.6	2.2	2.9	eu
price/ cash	10.2	15.8	15.2	13.7	jp
roe	6.2	9.2	12.1	9.2	us
gpm	28.4	28.0	22.9	26.4	jp
npm	5.9	5.7	7.5	6.4	us
LT debt /eqty %	50.6	78.9	135.1	88.2	jp
sales/ empl in million $	0.5	1.0	0.7	0.7	eu
shares in billion	0.9	0.5	0.3	0.5	us
revs in billion $	16.5	17.4	10.3	14.7	eu

 

The “region with the best metric” column shows Japan has four “best” metrics, the EU has four, and the United States has three.  This determination uses the explanations on how to think about  the eleven-performance metrics provided in the second paragraph above.  That the three regions are evenly divided in the “best” metrics results suggests to me that no region has chemical companies that dominate in performance compared to the other regions.