Intrinsic value of Ashland Global Holdings - ASH

Previous Close

$84.82

  Intrinsic Value

$0.00

stock screener

  Rating & Target

str. sell

-100%

Previous close

$84.82

 
Intrinsic value

$0.00

 
Up/down potential

-100%

 
Rating

str. sell

We calculate the intrinsic value of ASH 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

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 5.3

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   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
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  8.00
  7.70
  7.43
  7.19
  6.97
  6.77
  6.59
  6.43
  6.29
  6.16
  6.05
  5.94
  5.85
  5.76
  5.69
  5.62
  5.56
  5.50
  5.45
  5.41
  5.36
  5.33
  5.30
  5.27
  5.24
  5.22
  5.19
  5.17
  5.16
  5.14
Revenue, $m
  3,521
  3,792
  4,074
  4,366
  4,671
  4,987
  5,316
  5,658
  6,014
  6,384
  6,770
  7,173
  7,592
  8,030
  8,486
  8,963
  9,461
  9,981
  10,525
  11,094
  11,689
  12,312
  12,964
  13,647
  14,362
  15,111
  15,896
  16,718
  17,580
  18,484
Variable operating expenses, $m
  3,649
  3,901
  4,163
  4,434
  4,717
  5,011
  5,316
  5,634
  5,965
  6,309
  6,289
  6,663
  7,052
  7,459
  7,883
  8,326
  8,788
  9,272
  9,777
  10,306
  10,859
  11,437
  12,043
  12,677
  13,341
  14,037
  14,766
  15,530
  16,331
  17,170
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
  3,649
  3,901
  4,163
  4,434
  4,717
  5,011
  5,316
  5,634
  5,965
  6,309
  6,289
  6,663
  7,052
  7,459
  7,883
  8,326
  8,788
  9,272
  9,777
  10,306
  10,859
  11,437
  12,043
  12,677
  13,341
  14,037
  14,766
  15,530
  16,331
  17,170
Operating income, $m
  -128
  -109
  -89
  -68
  -46
  -24
  -1
  24
  49
  75
  481
  510
  540
  571
  603
  637
  672
  709
  748
  789
  831
  875
  921
  970
  1,021
  1,074
  1,130
  1,188
  1,250
  1,314
EBITDA, $m
  836
  901
  968
  1,037
  1,110
  1,185
  1,263
  1,344
  1,429
  1,517
  1,608
  1,704
  1,804
  1,908
  2,016
  2,129
  2,248
  2,371
  2,501
  2,636
  2,777
  2,925
  3,080
  3,242
  3,412
  3,590
  3,776
  3,972
  4,177
  4,391
Interest expense (income), $m
  0
  248
  285
  323
  363
  404
  447
  492
  538
  586
  636
  689
  743
  800
  859
  920
  985
  1,052
  1,122
  1,195
  1,272
  1,352
  1,436
  1,524
  1,615
  1,712
  1,812
  1,918
  2,028
  2,144
  2,266
Earnings before tax, $m
  -376
  -394
  -412
  -431
  -451
  -471
  -492
  -514
  -537
  -561
  -207
  -233
  -260
  -288
  -317
  -348
  -379
  -413
  -447
  -483
  -521
  -561
  -602
  -645
  -691
  -738
  -788
  -840
  -895
  -952
Tax expense, $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
Net income, $m
  -376
  -394
  -412
  -431
  -451
  -471
  -492
  -514
  -537
  -561
  -207
  -233
  -260
  -288
  -317
  -348
  -379
  -413
  -447
  -483
  -521
  -561
  -602
  -645
  -691
  -738
  -788
  -840
  -895
  -952

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $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 assets, $m
  9,314
  10,031
  10,777
  11,551
  12,356
  13,193
  14,063
  14,968
  15,910
  16,890
  17,911
  18,975
  20,085
  21,242
  22,450
  23,711
  25,029
  26,405
  27,845
  29,350
  30,924
  32,572
  34,297
  36,103
  37,994
  39,976
  42,052
  44,228
  46,509
  48,900
Adjusted assets (=assets-cash), $m
  9,314
  10,031
  10,777
  11,551
  12,356
  13,193
  14,063
  14,968
  15,910
  16,890
  17,911
  18,975
  20,085
  21,242
  22,450
  23,711
  25,029
  26,405
  27,845
  29,350
  30,924
  32,572
  34,297
  36,103
  37,994
  39,976
  42,052
  44,228
  46,509
  48,900
Revenue / Adjusted assets
  0.378
  0.378
  0.378
  0.378
  0.378
  0.378
  0.378
  0.378
  0.378
  0.378
  0.378
  0.378
  0.378
  0.378
  0.378
  0.378
  0.378
  0.378
  0.378
  0.378
  0.378
  0.378
  0.378
  0.378
  0.378
  0.378
  0.378
  0.378
  0.378
  0.378
Average production assets, $m
  5,862
  6,314
  6,783
  7,270
  7,777
  8,303
  8,851
  9,420
  10,013
  10,630
  11,273
  11,943
  12,641
  13,369
  14,129
  14,923
  15,752
  16,619
  17,525
  18,472
  19,463
  20,500
  21,585
  22,722
  23,912
  25,160
  26,466
  27,836
  29,271
  30,776
Working capital, $m
  243
  262
  281
  301
  322
  344
  367
  390
  415
  441
  467
  495
  524
  554
  586
  618
  653
  689
  726
  765
  807
  850
  895
  942
  991
  1,043
  1,097
  1,154
  1,213
  1,275
Total debt, $m
  3,242
  3,676
  4,127
  4,596
  5,083
  5,589
  6,115
  6,663
  7,232
  7,825
  8,443
  9,087
  9,758
  10,459
  11,189
  11,952
  12,749
  13,582
  14,453
  15,364
  16,316
  17,313
  18,357
  19,449
  20,594
  21,792
  23,049
  24,365
  25,745
  27,192
Total liabilities, $m
  5,635
  6,069
  6,520
  6,989
  7,476
  7,982
  8,508
  9,056
  9,625
  10,218
  10,836
  11,480
  12,151
  12,852
  13,582
  14,345
  15,142
  15,975
  16,846
  17,757
  18,709
  19,706
  20,750
  21,842
  22,987
  24,185
  25,442
  26,758
  28,138
  29,585
Total equity, $m
  3,679
  3,962
  4,257
  4,563
  4,881
  5,211
  5,555
  5,912
  6,284
  6,672
  7,075
  7,495
  7,934
  8,391
  8,868
  9,366
  9,886
  10,430
  10,999
  11,593
  12,215
  12,866
  13,547
  14,261
  15,008
  15,790
  16,611
  17,470
  18,371
  19,316
Total liabilities and equity, $m
  9,314
  10,031
  10,777
  11,552
  12,357
  13,193
  14,063
  14,968
  15,909
  16,890
  17,911
  18,975
  20,085
  21,243
  22,450
  23,711
  25,028
  26,405
  27,845
  29,350
  30,924
  32,572
  34,297
  36,103
  37,995
  39,975
  42,053
  44,228
  46,509
  48,901
Debt-to-equity ratio
  0.880
  0.930
  0.970
  1.010
  1.040
  1.070
  1.100
  1.130
  1.150
  1.170
  1.190
  1.210
  1.230
  1.250
  1.260
  1.280
  1.290
  1.300
  1.310
  1.330
  1.340
  1.350
  1.360
  1.360
  1.370
  1.380
  1.390
  1.390
  1.400
  1.410
Adjusted equity ratio
  0.395
  0.395
  0.395
  0.395
  0.395
  0.395
  0.395
  0.395
  0.395
  0.395
  0.395
  0.395
  0.395
  0.395
  0.395
  0.395
  0.395
  0.395
  0.395
  0.395
  0.395
  0.395
  0.395
  0.395
  0.395
  0.395
  0.395
  0.395
  0.395
  0.395

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -376
  -394
  -412
  -431
  -451
  -471
  -492
  -514
  -537
  -561
  -207
  -233
  -260
  -288
  -317
  -348
  -379
  -413
  -447
  -483
  -521
  -561
  -602
  -645
  -691
  -738
  -788
  -840
  -895
  -952
Depreciation, amort., depletion, $m
  965
  1,010
  1,057
  1,105
  1,156
  1,209
  1,263
  1,320
  1,380
  1,441
  1,127
  1,194
  1,264
  1,337
  1,413
  1,492
  1,575
  1,662
  1,752
  1,847
  1,946
  2,050
  2,159
  2,272
  2,391
  2,516
  2,647
  2,784
  2,927
  3,078
Funds from operations, $m
  588
  616
  644
  674
  705
  738
  771
  806
  842
  880
  920
  961
  1,004
  1,049
  1,096
  1,145
  1,196
  1,249
  1,305
  1,364
  1,425
  1,489
  1,556
  1,627
  1,700
  1,778
  1,859
  1,944
  2,033
  2,126
Change in working capital, $m
  18
  19
  19
  20
  21
  22
  23
  24
  25
  26
  27
  28
  29
  30
  32
  33
  34
  36
  38
  39
  41
  43
  45
  47
  49
  52
  54
  57
  59
  62
Cash from operations, $m
  570
  597
  625
  654
  684
  716
  748
  782
  818
  855
  893
  933
  975
  1,019
  1,064
  1,112
  1,161
  1,213
  1,268
  1,325
  1,384
  1,446
  1,511
  1,580
  1,651
  1,726
  1,805
  1,887
  1,973
  2,063
Maintenance CAPEX, $m
  -543
  -586
  -631
  -678
  -727
  -778
  -830
  -885
  -942
  -1,001
  -1,063
  -1,127
  -1,194
  -1,264
  -1,337
  -1,413
  -1,492
  -1,575
  -1,662
  -1,752
  -1,847
  -1,946
  -2,050
  -2,159
  -2,272
  -2,391
  -2,516
  -2,647
  -2,784
  -2,927
New CAPEX, $m
  -436
  -451
  -469
  -487
  -507
  -527
  -548
  -570
  -593
  -617
  -643
  -670
  -698
  -728
  -760
  -794
  -829
  -866
  -906
  -947
  -991
  -1,037
  -1,086
  -1,137
  -1,190
  -1,247
  -1,307
  -1,369
  -1,435
  -1,505
Cash from investing activities, $m
  -979
  -1,037
  -1,100
  -1,165
  -1,234
  -1,305
  -1,378
  -1,455
  -1,535
  -1,618
  -1,706
  -1,797
  -1,892
  -1,992
  -2,097
  -2,207
  -2,321
  -2,441
  -2,568
  -2,699
  -2,838
  -2,983
  -3,136
  -3,296
  -3,462
  -3,638
  -3,823
  -4,016
  -4,219
  -4,432
Free cash flow, $m
  -408
  -441
  -476
  -512
  -549
  -589
  -629
  -672
  -717
  -764
  -813
  -864
  -917
  -974
  -1,033
  -1,095
  -1,160
  -1,228
  -1,300
  -1,375
  -1,454
  -1,537
  -1,624
  -1,716
  -1,812
  -1,912
  -2,018
  -2,129
  -2,246
  -2,369
Issuance/(repayment) of debt, $m
  423
  434
  451
  469
  487
  506
  526
  547
  570
  593
  618
  644
  671
  700
  731
  763
  797
  833
  871
  911
  953
  997
  1,044
  1,093
  1,144
  1,199
  1,256
  1,316
  1,380
  1,447
Issuance/(repurchase) of shares, $m
  649
  677
  707
  737
  769
  802
  836
  872
  909
  948
  611
  654
  698
  745
  794
  846
  900
  956
  1,016
  1,078
  1,143
  1,212
  1,283
  1,359
  1,438
  1,521
  1,608
  1,700
  1,796
  1,896
Cash from financing (excl. dividends), $m  
  1,072
  1,111
  1,158
  1,206
  1,256
  1,308
  1,362
  1,419
  1,479
  1,541
  1,229
  1,298
  1,369
  1,445
  1,525
  1,609
  1,697
  1,789
  1,887
  1,989
  2,096
  2,209
  2,327
  2,452
  2,582
  2,720
  2,864
  3,016
  3,176
  3,343
Total cash flow (excl. dividends), $m
  665
  671
  682
  694
  706
  719
  733
  747
  762
  778
  416
  434
  452
  472
  492
  514
  537
  561
  586
  613
  642
  671
  703
  736
  771
  807
  846
  887
  929
  974
Retained Cash Flow (-), $m
  -649
  -677
  -707
  -737
  -769
  -802
  -836
  -872
  -909
  -948
  -611
  -654
  -698
  -745
  -794
  -846
  -900
  -956
  -1,016
  -1,078
  -1,143
  -1,212
  -1,283
  -1,359
  -1,438
  -1,521
  -1,608
  -1,700
  -1,796
  -1,896
Prev. year cash balance distribution, $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 flow adjustment, $m
  20
  21
  23
  24
  26
  28
  30
  32
  34
  36
  38
  41
  43
  46
  48
  51
  54
  57
  60
  63
  67
  70
  74
  78
  82
  86
  91
  95
  100
  105
Cash available for distribution, $m
  15
  -7
  -25
  -43
  -62
  -82
  -103
  -125
  -147
  -170
  -195
  -220
  -246
  -274
  -302
  -332
  -363
  -395
  -429
  -465
  -502
  -540
  -581
  -623
  -667
  -714
  -762
  -813
  -866
  -922
Discount rate, %
  7.10
  7.46
  7.83
  8.22
  8.63
  9.06
  9.51
  9.99
  10.49
  11.01
  11.57
  12.14
  12.75
  13.39
  14.06
  14.76
  15.50
  16.27
  17.09
  17.94
  18.84
  19.78
  20.77
  21.81
  22.90
  24.04
  25.25
  26.51
  27.83
  29.22
PV of cash for distribution, $m
  14
  -6
  -20
  -31
  -41
  -49
  -55
  -58
  -60
  -60
  -58
  -56
  -52
  -47
  -42
  -37
  -31
  -26
  -21
  -17
  -13
  -10
  -8
  -5
  -4
  -3
  -2
  -1
  -1
  0
Current shareholders' claim on cash, %
  89.0
  79.5
  71.3
  64.1
  57.8
  52.2
  47.3
  43.0
  39.1
  35.6
  33.6
  31.7
  29.9
  28.2
  26.5
  25.0
  23.5
  22.2
  20.8
  19.6
  18.4
  17.3
  16.3
  15.3
  14.3
  13.4
  12.6
  11.8
  11.1
  10.4

Ashland Global Holdings Inc. provides specialty chemical solutions worldwide. It operates through Specialty Ingredients, Performance Materials, and Valvoline segments. The company provides products, technologies, and resources for solving formulation and product-performance challenges. It offers solutions using natural, synthetic, and semisynthetic polymers derived from plant and seed extract, cellulose ethers, vinyl pyrrolidones, and acrylic polymers, as well as polyester and polyurethane-based adhesives. The company offers these solutions for pharmaceutical companies; makers of personal care products, food, and beverages; manufacturers of paint, coatings, and construction materials; packaging and converting markets; and oilfield service companies. It also provides performance materials that include composites, such as polyester and vinyl ester resins, gelcoats, molten maleic anhydride, and low-profile additives; and intermediates and solvents comprising 1,4 butanediol, tetrahydrofuran, and n-methylpyrrolidone. The company markets its performance materials to manufacturers of residential and commercial building products; industrial product specifiers and manufacturers; wind blade and pipe manufacturers; automotive and truck OEM suppliers; boatbuilders; chemical producers; and electronics makers. In addition, it produces and distributes automotive, commercial, and industrial lubricants, and automotive chemicals. The company offers lubricants and automotive chemicals under the Valvoline brand; lubricants for cars with higher mileage engines under the MaxLife brand; synthetic motor oil under the SynPower brand; and antifreeze products under the Zerex brand, as well as operates and franchises 1,068 Valvoline Instant Oil Change centers in the United States. The company was formerly known as Ashland Inc. and changed its name to Ashland Global Holdings Inc. in September 2016. Ashland Global Holdings Inc. was founded in 1924 and is headquartered in Covington, Kentucky.

FINANCIAL RATIOS  of  Ashland Global Holdings (ASH)

Valuation Ratios
P/E Ratio 0
Price to Sales 0
Price to Book 0
Price to Tangible Book
Price to Cash Flow 0
Price to Free Cash Flow 0
Growth Rates
Sales Growth Rate -100%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate NaN%
Cap. Spend. - 3 Yr. Gr. Rate NaN%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 0
Management Effectiveness
Return On Assets 0%
Ret/ On Assets - 3 Yr. Avg. 0%
Return On Total Capital 0%
Ret/ On T. Cap. - 3 Yr. Avg. 0%
Return On Equity 0%
Return On Equity - 3 Yr. Avg. 0%
Asset Turnover 0
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 0%
EBITDA Margin - 3 Yr. Avg. 0%
Operating Margin 0%
Oper. Margin - 3 Yr. Avg. 0%
Pre-Tax Margin 0%
Pre-Tax Margin - 3 Yr. Avg. 0%
Net Profit Margin 0%
Net Profit Margin - 3 Yr. Avg. 0%
Effective Tax Rate 0%
Eff/ Tax Rate - 3 Yr. Avg. 0%
Payout Ratio 0%

ASH stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the ASH stock intrinsic value calculation we used $3260 million for the last fiscal year's total revenue generated by Ashland Global Holdings. The default revenue input number comes from 2017 income statement of Ashland Global Holdings. 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 ASH stock valuation model: a) initial revenue growth rate of 8% 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 7.1%, whose default value for ASH is calculated based on our internal credit rating of Ashland Global Holdings, 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 Ashland Global Holdings.
    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 ASH stock the variable cost ratio is equal to 104.5%.

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 ASH 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 8.8% for Ashland Global Holdings.

Corporate tax rate of 27% is the nominal tax rate for Ashland Global Holdings. 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 ASH stock is equal to 0.6%.

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 ASH are equal to 166.5%.

Life of production assets of 10 years is the average useful life of capital assets used in Ashland Global Holdings 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 ASH is equal to 6.9%. 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 - $3406 million for Ashland Global Holdings - 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 62 million for Ashland Global Holdings 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 Ashland Global Holdings at the current share price and the inputted number of shares is $5.3 billion.

RELATED COMPANIES Price Int.Val. Rating
HUN Huntsman 31.53 87.76  str.buy
MNRO Monro 70.35 33.05  sell
GGG Graco Inc. 46.48 7.44  str.sell
ECL Ecolab 147.31 70.58  sell
SXT Sensient Techn 69.44 29.15  str.sell

COMPANY NEWS

▶ Ashland Global Holdings, Inc. to Host Earnings Call   [Aug-01-18 08:30AM  ACCESSWIRE]
▶ One of Cincinnatis largest public companies moving HQ out of the region   [Jul-31-18 07:13PM  American City Business Journals]
▶ Ashland board declares quarterly dividend   [Jul-19-18 10:25AM  GlobeNewswire]
▶ Is It Too Late To Buy Ashland Global Holdings Inc (NYSE:ASH)?   [May-31-18 11:54AM  Simply Wall St.]
▶ Gabelli & Companys 9th Specialty Chemicals Conference   [Feb-15-18 07:30AM  Business Wire]
▶ Ashland Global Holdings, Inc. to Host Earnings Call   [Jan-30-18 07:10AM  ACCESSWIRE]
▶ Ashland board declares quarterly dividend   [Jan-25-18 08:01AM  GlobeNewswire]
▶ Ashland Launches New Gelcoat   [07:54AM  Market Realist]
▶ Who Really Owns Ashland Global Holdings Inc (NYSE:ASH)?   [Dec-22-17 01:45PM  Simply Wall St.]
▶ Ashland Increases Product Prices in EMEA   [Dec-11-17 05:20PM  Market Realist]
▶ Stocks To Watch: Ashland Global Sees Relative Strength Rating Rise To 83   [Nov-30-17 03:00AM  Investor's Business Daily]
▶ Is Ashland Global Holdings Inc (ASH) A Basic Materials Leader?   [Nov-26-17 11:55AM  Simply Wall St.]
▶ Why Ashland Global Holdings Inc (ASH) Could Be A Buy   [Nov-20-17 09:55AM  Simply Wall St.]
▶ Stocks With Rising Relative Strength: Ashland Global   [Nov-13-17 03:00AM  Investor's Business Daily]
▶ Ashland Global Holdings, Inc. to Host Earnings Call   [Nov-07-17 07:00AM  ACCESSWIRE]
▶ Ashland Global Earns Technical Rating Upgrade   [03:00AM  Investor's Business Daily]
▶ Ashland Global Shows Rising Relative Strength; Still Shy Of Key Benchmark   [Oct-27-17 03:00AM  Investor's Business Daily]
▶ Ashland Hikes Prices of Maleic AnhydrideAgain   [Oct-09-17 11:48AM  Market Realist]
▶ Can Ashlands Stock Performance Continue to Impress?   [Oct-02-17 07:40AM  Market Realist]
▶ What Analysts Recommend for Ashland   [Sep-29-17 10:43AM  Market Realist]
▶ How Ashlands Debt Is Trending   [07:44AM  Market Realist]
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.