Intrinsic value of Albemarle - ALB

Previous Close

$113.00

  Intrinsic Value

$85.57

stock screener

  Rating & Target

sell

-24%

Previous close

$113.00

 
Intrinsic value

$85.57

 
Up/down potential

-24%

 
Rating

sell

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of ALB stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  -5.27
  15.40
  14.36
  13.42
  12.58
  11.82
  11.14
  10.53
  9.97
  9.48
  9.03
  8.63
  8.26
  7.94
  7.64
  7.38
  7.14
  6.93
  6.73
  6.56
  6.40
  6.26
  6.14
  6.02
  5.92
  5.83
  5.75
  5.67
  5.60
  5.54
  5.49
Revenue, $m
  2,677
  3,089
  3,533
  4,007
  4,511
  5,045
  5,607
  6,197
  6,815
  7,461
  8,135
  8,836
  9,566
  10,326
  11,115
  11,935
  12,788
  13,673
  14,594
  15,552
  16,548
  17,584
  18,664
  19,788
  20,960
  22,182
  23,456
  24,787
  26,176
  27,627
  29,144
Variable operating expenses, $m
 
  2,689
  3,053
  3,442
  3,855
  4,293
  4,754
  5,238
  5,746
  6,275
  6,828
  7,250
  7,849
  8,472
  9,120
  9,793
  10,492
  11,219
  11,974
  12,760
  13,577
  14,427
  15,313
  16,236
  17,197
  18,199
  19,245
  20,337
  21,477
  22,667
  23,912
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  2,103
  2,689
  3,053
  3,442
  3,855
  4,293
  4,754
  5,238
  5,746
  6,275
  6,828
  7,250
  7,849
  8,472
  9,120
  9,793
  10,492
  11,219
  11,974
  12,760
  13,577
  14,427
  15,313
  16,236
  17,197
  18,199
  19,245
  20,337
  21,477
  22,667
  23,912
Operating income, $m
  575
  401
  480
  565
  656
  752
  853
  959
  1,069
  1,185
  1,306
  1,586
  1,717
  1,854
  1,995
  2,143
  2,296
  2,455
  2,620
  2,792
  2,971
  3,157
  3,351
  3,552
  3,763
  3,982
  4,211
  4,450
  4,699
  4,960
  5,232
EBITDA, $m
  801
  723
  827
  938
  1,056
  1,180
  1,312
  1,450
  1,595
  1,746
  1,903
  2,068
  2,238
  2,416
  2,601
  2,793
  2,992
  3,199
  3,415
  3,639
  3,872
  4,115
  4,367
  4,630
  4,904
  5,190
  5,489
  5,800
  6,125
  6,464
  6,819
Interest expense (income), $m
  97
  74
  97
  120
  146
  173
  202
  232
  264
  297
  332
  368
  406
  446
  487
  529
  573
  619
  667
  717
  768
  822
  878
  936
  996
  1,060
  1,125
  1,194
  1,266
  1,341
  1,419
Earnings before tax, $m
  515
  326
  384
  445
  510
  578
  651
  726
  805
  888
  974
  1,218
  1,311
  1,408
  1,509
  1,614
  1,722
  1,836
  1,953
  2,075
  2,203
  2,335
  2,473
  2,617
  2,766
  2,923
  3,086
  3,256
  3,434
  3,619
  3,813
Tax expense, $m
  96
  88
  104
  120
  138
  156
  176
  196
  217
  240
  263
  329
  354
  380
  407
  436
  465
  496
  527
  560
  595
  630
  668
  706
  747
  789
  833
  879
  927
  977
  1,030
Net income, $m
  644
  238
  280
  325
  372
  422
  475
  530
  588
  648
  711
  889
  957
  1,028
  1,102
  1,178
  1,257
  1,340
  1,426
  1,515
  1,608
  1,705
  1,805
  1,910
  2,019
  2,134
  2,253
  2,377
  2,506
  2,642
  2,784

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  2,270
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  8,161
  6,805
  7,782
  8,826
  9,937
  11,112
  12,350
  13,650
  15,011
  16,434
  17,917
  19,463
  21,071
  22,744
  24,482
  26,289
  28,166
  30,117
  32,146
  34,255
  36,449
  38,732
  41,109
  43,586
  46,167
  48,858
  51,666
  54,596
  57,656
  60,853
  64,194
Adjusted assets (=assets-cash), $m
  5,891
  6,805
  7,782
  8,826
  9,937
  11,112
  12,350
  13,650
  15,011
  16,434
  17,917
  19,463
  21,071
  22,744
  24,482
  26,289
  28,166
  30,117
  32,146
  34,255
  36,449
  38,732
  41,109
  43,586
  46,167
  48,858
  51,666
  54,596
  57,656
  60,853
  64,194
Revenue / Adjusted assets
  0.454
  0.454
  0.454
  0.454
  0.454
  0.454
  0.454
  0.454
  0.454
  0.454
  0.454
  0.454
  0.454
  0.454
  0.454
  0.454
  0.454
  0.454
  0.454
  0.454
  0.454
  0.454
  0.454
  0.454
  0.454
  0.454
  0.454
  0.454
  0.454
  0.454
  0.454
Average production assets, $m
  2,711
  3,129
  3,579
  4,059
  4,570
  5,110
  5,680
  6,277
  6,904
  7,558
  8,240
  8,951
  9,691
  10,460
  11,259
  12,090
  12,954
  13,851
  14,784
  15,754
  16,763
  17,813
  18,906
  20,045
  21,232
  22,470
  23,761
  25,109
  26,516
  27,986
  29,523
Working capital, $m
  2,167
  167
  191
  216
  244
  272
  303
  335
  368
  403
  439
  477
  517
  558
  600
  645
  691
  738
  788
  840
  894
  950
  1,008
  1,069
  1,132
  1,198
  1,267
  1,338
  1,414
  1,492
  1,574
Total debt, $m
  2,369
  2,759
  3,442
  4,173
  4,949
  5,770
  6,635
  7,544
  8,496
  9,490
  10,527
  11,608
  12,732
  13,901
  15,116
  16,379
  17,691
  19,055
  20,473
  21,947
  23,481
  25,077
  26,738
  28,470
  30,274
  32,155
  34,118
  36,166
  38,305
  40,539
  42,875
Total liabilities, $m
  4,366
  4,756
  5,439
  6,170
  6,946
  7,767
  8,632
  9,541
  10,493
  11,487
  12,524
  13,605
  14,729
  15,898
  17,113
  18,376
  19,688
  21,052
  22,470
  23,944
  25,478
  27,074
  28,735
  30,467
  32,271
  34,152
  36,115
  38,163
  40,302
  42,536
  44,872
Total equity, $m
  3,795
  2,048
  2,342
  2,657
  2,991
  3,345
  3,717
  4,109
  4,518
  4,947
  5,393
  5,858
  6,343
  6,846
  7,369
  7,913
  8,478
  9,065
  9,676
  10,311
  10,971
  11,658
  12,374
  13,119
  13,896
  14,706
  15,551
  16,434
  17,355
  18,317
  19,322
Total liabilities and equity, $m
  8,161
  6,804
  7,781
  8,827
  9,937
  11,112
  12,349
  13,650
  15,011
  16,434
  17,917
  19,463
  21,072
  22,744
  24,482
  26,289
  28,166
  30,117
  32,146
  34,255
  36,449
  38,732
  41,109
  43,586
  46,167
  48,858
  51,666
  54,597
  57,657
  60,853
  64,194
Debt-to-equity ratio
  0.624
  1.350
  1.470
  1.570
  1.650
  1.730
  1.790
  1.840
  1.880
  1.920
  1.950
  1.980
  2.010
  2.030
  2.050
  2.070
  2.090
  2.100
  2.120
  2.130
  2.140
  2.150
  2.160
  2.170
  2.180
  2.190
  2.190
  2.200
  2.210
  2.210
  2.220
Adjusted equity ratio
  0.259
  0.301
  0.301
  0.301
  0.301
  0.301
  0.301
  0.301
  0.301
  0.301
  0.301
  0.301
  0.301
  0.301
  0.301
  0.301
  0.301
  0.301
  0.301
  0.301
  0.301
  0.301
  0.301
  0.301
  0.301
  0.301
  0.301
  0.301
  0.301
  0.301
  0.301

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  644
  238
  280
  325
  372
  422
  475
  530
  588
  648
  711
  889
  957
  1,028
  1,102
  1,178
  1,257
  1,340
  1,426
  1,515
  1,608
  1,705
  1,805
  1,910
  2,019
  2,134
  2,253
  2,377
  2,506
  2,642
  2,784
Depreciation, amort., depletion, $m
  226
  322
  346
  372
  400
  429
  459
  491
  525
  560
  597
  481
  521
  562
  605
  650
  696
  745
  795
  847
  901
  958
  1,016
  1,078
  1,142
  1,208
  1,277
  1,350
  1,426
  1,505
  1,587
Funds from operations, $m
  1,016
  560
  626
  697
  772
  851
  934
  1,022
  1,113
  1,209
  1,308
  1,370
  1,478
  1,590
  1,707
  1,828
  1,954
  2,085
  2,221
  2,362
  2,509
  2,662
  2,822
  2,988
  3,161
  3,342
  3,530
  3,727
  3,932
  4,147
  4,371
Change in working capital, $m
  283
  22
  24
  26
  27
  29
  30
  32
  33
  35
  36
  38
  39
  41
  43
  44
  46
  48
  50
  52
  54
  56
  58
  61
  63
  66
  69
  72
  75
  78
  82
Cash from operations, $m
  733
  538
  603
  671
  745
  822
  904
  990
  1,080
  1,174
  1,272
  1,332
  1,439
  1,549
  1,664
  1,784
  1,908
  2,037
  2,171
  2,310
  2,455
  2,606
  2,763
  2,927
  3,098
  3,276
  3,461
  3,655
  3,857
  4,068
  4,289
Maintenance CAPEX, $m
  0
  -146
  -168
  -192
  -218
  -246
  -275
  -305
  -337
  -371
  -406
  -443
  -481
  -521
  -562
  -605
  -650
  -696
  -745
  -795
  -847
  -901
  -958
  -1,016
  -1,078
  -1,142
  -1,208
  -1,277
  -1,350
  -1,426
  -1,505
New CAPEX, $m
  -197
  -419
  -449
  -480
  -511
  -540
  -569
  -598
  -626
  -654
  -682
  -711
  -740
  -769
  -800
  -831
  -863
  -897
  -933
  -970
  -1,009
  -1,050
  -1,093
  -1,139
  -1,187
  -1,238
  -1,291
  -1,348
  -1,407
  -1,470
  -1,536
Cash from investing activities, $m
  2,920
  -565
  -617
  -672
  -729
  -786
  -844
  -903
  -963
  -1,025
  -1,088
  -1,154
  -1,221
  -1,290
  -1,362
  -1,436
  -1,513
  -1,593
  -1,678
  -1,765
  -1,856
  -1,951
  -2,051
  -2,155
  -2,265
  -2,380
  -2,499
  -2,625
  -2,757
  -2,896
  -3,041
Free cash flow, $m
  3,653
  -26
  -15
  -1
  16
  36
  60
  87
  116
  148
  183
  179
  218
  259
  302
  347
  394
  443
  493
  546
  599
  655
  712
  772
  833
  896
  962
  1,030
  1,100
  1,173
  1,248
Issuance/(repayment) of debt, $m
  -1,416
  638
  683
  730
  776
  821
  865
  909
  952
  994
  1,037
  1,080
  1,124
  1,169
  1,215
  1,263
  1,312
  1,364
  1,418
  1,474
  1,534
  1,596
  1,662
  1,731
  1,804
  1,881
  1,963
  2,048
  2,139
  2,234
  2,335
Issuance/(repurchase) of shares, $m
  9
  37
  14
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -1,443
  675
  697
  730
  776
  821
  865
  909
  952
  994
  1,037
  1,080
  1,124
  1,169
  1,215
  1,263
  1,312
  1,364
  1,418
  1,474
  1,534
  1,596
  1,662
  1,731
  1,804
  1,881
  1,963
  2,048
  2,139
  2,234
  2,335
Total cash flow (excl. dividends), $m
  2,191
  649
  682
  729
  792
  857
  925
  995
  1,068
  1,143
  1,220
  1,259
  1,342
  1,428
  1,518
  1,610
  1,707
  1,807
  1,911
  2,020
  2,133
  2,251
  2,374
  2,503
  2,637
  2,778
  2,924
  3,078
  3,239
  3,407
  3,583
Retained Cash Flow (-), $m
  -541
  -275
  -294
  -314
  -334
  -354
  -373
  -391
  -410
  -428
  -447
  -465
  -484
  -503
  -523
  -544
  -565
  -587
  -611
  -635
  -660
  -687
  -716
  -745
  -777
  -810
  -845
  -882
  -921
  -962
  -1,006
Prev. year cash balance distribution, $m
 
  2,022
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  2,396
  388
  414
  458
  504
  553
  604
  658
  715
  774
  794
  858
  925
  994
  1,066
  1,142
  1,220
  1,301
  1,385
  1,473
  1,564
  1,659
  1,757
  1,860
  1,967
  2,079
  2,196
  2,318
  2,445
  2,578
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  2,297
  355
  361
  377
  390
  401
  408
  411
  410
  406
  377
  366
  352
  334
  313
  290
  265
  240
  213
  187
  162
  138
  115
  95
  77
  61
  47
  36
  27
  19
Current shareholders' claim on cash, %
  100
  99.4
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2
  99.2

Albemarle Corporation is a global developer, manufacturer and marketer of highly-engineered specialty chemicals. The Company operates through three segments: Lithium and Advanced Materials, Bromine Specialties and Refining Solutions. Lithium and Advanced Materials segment consist of two product categories: Lithium and Performance Catalyst Solutions. The bromine and bromine-based business includes products used in fire safety solutions and other specialty chemicals applications. The Company serves various end markets, including petroleum refining, consumer electronics, energy storage, construction, automotive, lubricants, pharmaceuticals, crop protection, food safety and custom chemistry services. As of December 31, 2016, the Company and its joint ventures operated 31 production and research and development (R&D) facilities, as well as a number of administrative and sales offices, around the world.

FINANCIAL RATIOS  of  Albemarle (ALB)

Valuation Ratios
P/E Ratio 19.7
Price to Sales 4.7
Price to Book 3.4
Price to Tangible Book
Price to Cash Flow 17.3
Price to Free Cash Flow 23.7
Growth Rates
Sales Growth Rate -5.3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -13.6%
Cap. Spend. - 3 Yr. Gr. Rate 4.9%
Financial Strength
Quick Ratio 9
Current Ratio 0
LT Debt to Equity 55.9%
Total Debt to Equity 62.4%
Interest Coverage 6
Management Effectiveness
Return On Assets 8.1%
Ret/ On Assets - 3 Yr. Avg. 6.1%
Return On Total Capital 9.7%
Ret/ On T. Cap. - 3 Yr. Avg. 6.5%
Return On Equity 18.3%
Return On Equity - 3 Yr. Avg. 13.9%
Asset Turnover 0.3
Profitability Ratios
Gross Margin 36.3%
Gross Margin - 3 Yr. Avg. 32.7%
EBITDA Margin 31.3%
EBITDA Margin - 3 Yr. Avg. 23.8%
Operating Margin 21.4%
Oper. Margin - 3 Yr. Avg. 14.9%
Pre-Tax Margin 19.2%
Pre-Tax Margin - 3 Yr. Avg. 13%
Net Profit Margin 24.1%
Net Profit Margin - 3 Yr. Avg. 13.8%
Effective Tax Rate 18.6%
Eff/ Tax Rate - 3 Yr. Avg. 10.2%
Payout Ratio 21%

ALB stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the ALB stock intrinsic value calculation we used $2677 million for the last fiscal year's total revenue generated by Albemarle. The default revenue input number comes from 2016 income statement of Albemarle. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our ALB stock valuation model: a) initial revenue growth rate of 15.4% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for ALB is calculated based on our internal credit rating of Albemarle, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Albemarle.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of ALB stock the variable cost ratio is equal to 87.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for ALB stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Albemarle.

Corporate tax rate of 27% is the nominal tax rate for Albemarle. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the ALB stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for ALB are equal to 101.3%.

Life of production assets of 18.6 years is the average useful life of capital assets used in Albemarle operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for ALB is equal to 5.4%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $3795 million for Albemarle - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 110.955 million for Albemarle is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Albemarle at the current share price and the inputted number of shares is $12.5 billion.

RELATED COMPANIES Price Int.Val. Rating
GRA W.R. Grace 74.12 35.74  sell
HON Honeywell Inte 159.59 134.30  hold
CVX Chevron 131.02 18.50  str.sell
FMC FMC 88.88 2.71  str.sell

COMPANY NEWS

▶ PPGs Performance Coatings Revenue and Margin Improve in 4Q17   [Jan-22-18 12:50PM  Market Realist]
▶ Albemarle: S&P 500s Top Loser on January 18   [07:33AM  Market Realist]
▶ Can Anything Stop The Shale Surge?   [Jan-19-18 03:00PM  Oilprice.com]
▶ Albemarle sells unit, adds technology for another business segment   [02:20PM  American City Business Journals]
▶ Why Tesla Stock Just Jumped 6%   [Jan-08-18 01:43PM  Motley Fool]
▶ 3 Great Battery Stocks to Buy in 2018   [Jan-02-18 07:16AM  Motley Fool]
▶ 3 Lithium Stocks to Buy for 2018   [Dec-31-17 08:06AM  Motley Fool]
▶ ETFs with exposure to Albemarle Corp. : December 26, 2017   [Dec-26-17 11:06AM  Capital Cube]
▶ Grace to Acquire Polyolefin Catalysts Business   [Dec-14-17 05:00PM  GlobeNewswire]
▶ ETFs with exposure to Albemarle Corp. : December 11, 2017   [Dec-11-17 01:25PM  Capital Cube]
▶ ETFs with exposure to Albemarle Corp. : December 1, 2017   [Dec-01-17 10:23AM  Capital Cube]
▶ Mining company to start drilling Gaston County sites for lithium   [Nov-20-17 02:17PM  American City Business Journals]
▶ Top 5 Miners To Ride The Christmas Commodity Boom   [Nov-16-17 07:30PM  Oilprice.com]
▶ 5 Of The Hottest Mining Stocks For 2018   [Nov-15-17 07:30PM  Oilprice.com]
▶ Albemarle CEO on lithium battery demand   [02:44PM  CNBC Videos]
▶ Albemarle tops Street 3Q forecasts   [Nov-08-17 05:21PM  Associated Press]
▶ Beyond Tesla: 2 Lithium Stocks to Buy Now   [Nov-07-17 01:03PM  Zacks]
▶ Albemarle announces quarterly dividend   [Nov-06-17 06:14PM  PR Newswire]
▶ ETFs with exposure to Albemarle Corp. : November 3, 2017   [Nov-03-17 11:50AM  Capital Cube]
▶ Cramer Remix: Why 3Ms pullback is a gift   [Oct-26-17 07:16PM  CNBC Videos]
▶ Albemarle could see another 15% gain BMO   [Oct-25-17 01:57PM  CNBC Videos]
▶ 5 Stock Picks As The Electric Car Boom Accelerates   [Oct-23-17 07:30PM  Oilprice.com]
▶ Like Lithium Stocks? You Might Consider This Lithium ETF   [Oct-20-17 10:02AM  Motley Fool]
▶ Busting The Lithium Bubble Myth   [Oct-11-17 04:00PM  Oilprice.com]
Financial statements of ALB
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.