Intrinsic value of A. Schulman - SHLM

Previous Close

$42.95

  Intrinsic Value

$0.00

stock screener

  Rating & Target

str. sell

-100%

Previous close

$42.95

 
Intrinsic value

$0.00

 
Up/down potential

-100%

 
Rating

str. sell

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

We calculate the intrinsic value of SHLM 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.

Please visit our new site that uses elements of artificial intelligence for stock valuation: artificial intelligence value of A. Schulman (SHLM) stock.

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
2017(a)
   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, %
  -1.40
  6.90
  6.71
  6.54
  6.39
  6.25
  6.12
  6.01
  5.91
  5.82
  5.74
  5.66
  5.60
  5.54
  5.48
  5.43
  5.39
  5.35
  5.32
  5.29
  5.26
  5.23
  5.21
  5.19
  5.17
  5.15
  5.14
  5.12
  5.11
  5.10
  5.09
Revenue, $m
  2,461
  2,631
  2,807
  2,991
  3,182
  3,381
  3,588
  3,803
  4,028
  4,262
  4,507
  4,762
  5,028
  5,307
  5,598
  5,902
  6,220
  6,553
  6,902
  7,266
  7,648
  8,048
  8,468
  8,907
  9,367
  9,850
  10,356
  10,886
  11,442
  12,026
  12,638
Variable operating expenses, $m
 
  2,955
  3,152
  3,356
  3,569
  3,790
  4,020
  4,260
  4,511
  4,771
  5,044
  5,301
  5,598
  5,908
  6,232
  6,571
  6,925
  7,295
  7,683
  8,089
  8,515
  8,960
  9,427
  9,916
  10,428
  10,965
  11,529
  12,119
  12,738
  13,388
  14,069
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
  2,375
  2,955
  3,152
  3,356
  3,569
  3,790
  4,020
  4,260
  4,511
  4,771
  5,044
  5,301
  5,598
  5,908
  6,232
  6,571
  6,925
  7,295
  7,683
  8,089
  8,515
  8,960
  9,427
  9,916
  10,428
  10,965
  11,529
  12,119
  12,738
  13,388
  14,069
Operating income, $m
  86
  -324
  -344
  -365
  -387
  -409
  -433
  -457
  -483
  -509
  -537
  -539
  -570
  -601
  -634
  -669
  -705
  -742
  -782
  -823
  -866
  -912
  -959
  -1,009
  -1,061
  -1,116
  -1,173
  -1,233
  -1,296
  -1,362
  -1,432
EBITDA, $m
  165
  -238
  -254
  -270
  -287
  -305
  -324
  -344
  -364
  -385
  -407
  -430
  -454
  -479
  -506
  -533
  -562
  -592
  -623
  -656
  -691
  -727
  -765
  -805
  -846
  -890
  -936
  -983
  -1,034
  -1,086
  -1,142
Interest expense (income), $m
  49
  47
  53
  58
  64
  71
  77
  84
  91
  98
  106
  114
  123
  131
  140
  150
  160
  170
  181
  193
  205
  217
  231
  244
  259
  274
  290
  306
  324
  342
  361
Earnings before tax, $m
  32
  -371
  -397
  -424
  -451
  -480
  -510
  -541
  -574
  -608
  -643
  -654
  -692
  -732
  -775
  -819
  -865
  -913
  -963
  -1,016
  -1,071
  -1,129
  -1,190
  -1,253
  -1,320
  -1,390
  -1,463
  -1,539
  -1,620
  -1,704
  -1,793
Tax expense, $m
  -2
  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
  33
  -371
  -397
  -424
  -451
  -480
  -510
  -541
  -574
  -608
  -643
  -654
  -692
  -732
  -775
  -819
  -865
  -913
  -963
  -1,016
  -1,071
  -1,129
  -1,190
  -1,253
  -1,320
  -1,390
  -1,463
  -1,539
  -1,620
  -1,704
  -1,793

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  53
  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
  1,754
  1,818
  1,940
  2,067
  2,199
  2,336
  2,479
  2,628
  2,784
  2,946
  3,115
  3,291
  3,475
  3,667
  3,869
  4,079
  4,299
  4,529
  4,770
  5,022
  5,286
  5,562
  5,852
  6,155
  6,473
  6,807
  7,157
  7,523
  7,908
  8,311
  8,734
Adjusted assets (=assets-cash), $m
  1,701
  1,818
  1,940
  2,067
  2,199
  2,336
  2,479
  2,628
  2,784
  2,946
  3,115
  3,291
  3,475
  3,667
  3,869
  4,079
  4,299
  4,529
  4,770
  5,022
  5,286
  5,562
  5,852
  6,155
  6,473
  6,807
  7,157
  7,523
  7,908
  8,311
  8,734
Revenue / Adjusted assets
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
Average production assets, $m
  655
  700
  747
  796
  846
  899
  954
  1,012
  1,071
  1,134
  1,199
  1,267
  1,338
  1,412
  1,489
  1,570
  1,655
  1,743
  1,836
  1,933
  2,034
  2,141
  2,252
  2,369
  2,492
  2,620
  2,755
  2,896
  3,044
  3,199
  3,362
Working capital, $m
  317
  316
  337
  359
  382
  406
  431
  456
  483
  511
  541
  571
  603
  637
  672
  708
  746
  786
  828
  872
  918
  966
  1,016
  1,069
  1,124
  1,182
  1,243
  1,306
  1,373
  1,443
  1,517
Total debt, $m
  917
  991
  1,100
  1,214
  1,332
  1,456
  1,584
  1,718
  1,857
  2,002
  2,154
  2,312
  2,477
  2,650
  2,830
  3,019
  3,216
  3,422
  3,638
  3,864
  4,101
  4,349
  4,609
  4,881
  5,167
  5,466
  5,779
  6,108
  6,453
  6,815
  7,194
Total liabilities, $m
  1,557
  1,631
  1,740
  1,854
  1,972
  2,096
  2,224
  2,358
  2,497
  2,642
  2,794
  2,952
  3,117
  3,290
  3,470
  3,659
  3,856
  4,062
  4,278
  4,504
  4,741
  4,989
  5,249
  5,521
  5,807
  6,106
  6,419
  6,748
  7,093
  7,455
  7,834
Total equity, $m
  197
  187
  200
  213
  226
  241
  255
  271
  287
  303
  321
  339
  358
  378
  398
  420
  443
  466
  491
  517
  544
  573
  603
  634
  667
  701
  737
  775
  814
  856
  900
Total liabilities and equity, $m
  1,754
  1,818
  1,940
  2,067
  2,198
  2,337
  2,479
  2,629
  2,784
  2,945
  3,115
  3,291
  3,475
  3,668
  3,868
  4,079
  4,299
  4,528
  4,769
  5,021
  5,285
  5,562
  5,852
  6,155
  6,474
  6,807
  7,156
  7,523
  7,907
  8,311
  8,734
Debt-to-equity ratio
  4.655
  5.290
  5.510
  5.700
  5.880
  6.050
  6.200
  6.340
  6.480
  6.600
  6.710
  6.820
  6.920
  7.010
  7.100
  7.190
  7.260
  7.340
  7.410
  7.470
  7.530
  7.590
  7.650
  7.700
  7.750
  7.800
  7.840
  7.880
  7.920
  7.960
  8.000
Adjusted equity ratio
  0.095
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103
  0.103

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  33
  -371
  -397
  -424
  -451
  -480
  -510
  -541
  -574
  -608
  -643
  -654
  -692
  -732
  -775
  -819
  -865
  -913
  -963
  -1,016
  -1,071
  -1,129
  -1,190
  -1,253
  -1,320
  -1,390
  -1,463
  -1,539
  -1,620
  -1,704
  -1,793
Depreciation, amort., depletion, $m
  79
  87
  91
  95
  99
  104
  109
  114
  119
  124
  130
  109
  115
  122
  128
  135
  143
  150
  158
  167
  175
  185
  194
  204
  215
  226
  237
  250
  262
  276
  290
Funds from operations, $m
  108
  -285
  -306
  -329
  -352
  -376
  -401
  -428
  -455
  -483
  -513
  -544
  -577
  -611
  -646
  -683
  -722
  -762
  -805
  -849
  -896
  -944
  -995
  -1,049
  -1,105
  -1,164
  -1,225
  -1,290
  -1,357
  -1,428
  -1,503
Change in working capital, $m
  3
  20
  21
  22
  23
  24
  25
  26
  27
  28
  29
  31
  32
  33
  35
  37
  38
  40
  42
  44
  46
  48
  50
  53
  55
  58
  61
  64
  67
  70
  73
Cash from operations, $m
  105
  -305
  -327
  -351
  -375
  -400
  -426
  -453
  -482
  -512
  -543
  -575
  -609
  -644
  -681
  -720
  -760
  -802
  -847
  -893
  -942
  -992
  -1,046
  -1,102
  -1,160
  -1,222
  -1,286
  -1,353
  -1,424
  -1,498
  -1,576
Maintenance CAPEX, $m
  0
  -56
  -60
  -64
  -69
  -73
  -78
  -82
  -87
  -92
  -98
  -103
  -109
  -115
  -122
  -128
  -135
  -143
  -150
  -158
  -167
  -175
  -185
  -194
  -204
  -215
  -226
  -237
  -250
  -262
  -276
New CAPEX, $m
  -37
  -45
  -47
  -49
  -51
  -53
  -55
  -57
  -60
  -62
  -65
  -68
  -71
  -74
  -77
  -81
  -85
  -89
  -93
  -97
  -102
  -106
  -111
  -117
  -122
  -128
  -135
  -141
  -148
  -155
  -163
Cash from investing activities, $m
  -32
  -101
  -107
  -113
  -120
  -126
  -133
  -139
  -147
  -154
  -163
  -171
  -180
  -189
  -199
  -209
  -220
  -232
  -243
  -255
  -269
  -281
  -296
  -311
  -326
  -343
  -361
  -378
  -398
  -417
  -439
Free cash flow, $m
  73
  -407
  -435
  -464
  -494
  -526
  -559
  -593
  -629
  -666
  -705
  -746
  -789
  -833
  -880
  -929
  -980
  -1,034
  -1,090
  -1,148
  -1,210
  -1,274
  -1,342
  -1,413
  -1,487
  -1,565
  -1,646
  -1,732
  -1,822
  -1,916
  -2,015
Issuance/(repayment) of debt, $m
  -30
  106
  109
  114
  118
  123
  128
  134
  139
  145
  152
  158
  165
  173
  180
  189
  197
  206
  216
  226
  237
  248
  260
  272
  285
  299
  314
  329
  345
  362
  379
Issuance/(repurchase) of shares, $m
  -1
  383
  409
  437
  465
  494
  525
  556
  590
  624
  660
  672
  711
  752
  795
  840
  887
  936
  988
  1,042
  1,098
  1,158
  1,219
  1,284
  1,353
  1,424
  1,499
  1,577
  1,659
  1,746
  1,836
Cash from financing (excl. dividends), $m  
  -31
  489
  518
  551
  583
  617
  653
  690
  729
  769
  812
  830
  876
  925
  975
  1,029
  1,084
  1,142
  1,204
  1,268
  1,335
  1,406
  1,479
  1,556
  1,638
  1,723
  1,813
  1,906
  2,004
  2,108
  2,215
Total cash flow (excl. dividends), $m
  43
  82
  84
  87
  89
  92
  94
  97
  100
  103
  107
  84
  87
  91
  95
  100
  104
  109
  114
  120
  125
  131
  137
  144
  151
  158
  166
  174
  182
  191
  201
Retained Cash Flow (-), $m
  -38
  -383
  -409
  -437
  -465
  -494
  -525
  -556
  -590
  -624
  -660
  -672
  -711
  -752
  -795
  -840
  -887
  -936
  -988
  -1,042
  -1,098
  -1,158
  -1,219
  -1,284
  -1,353
  -1,424
  -1,499
  -1,577
  -1,659
  -1,746
  -1,836
Prev. year cash balance distribution, $m
 
  21
  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
 
  -280
  -325
  -350
  -376
  -403
  -430
  -459
  -490
  -521
  -554
  -588
  -624
  -661
  -700
  -740
  -783
  -827
  -874
  -922
  -973
  -1,026
  -1,082
  -1,140
  -1,202
  -1,266
  -1,333
  -1,403
  -1,477
  -1,554
  -1,636
Discount rate, %
 
  11.50
  12.08
  12.68
  13.31
  13.98
  14.68
  15.41
  16.18
  16.99
  17.84
  18.73
  19.67
  20.65
  21.68
  22.77
  23.91
  25.10
  26.36
  27.68
  29.06
  30.51
  32.04
  33.64
  35.32
  37.09
  38.94
  40.89
  42.93
  45.08
  47.34
PV of cash for distribution, $m
 
  -251
  -259
  -245
  -228
  -209
  -189
  -168
  -147
  -127
  -107
  -89
  -72
  -58
  -45
  -34
  -25
  -18
  -13
  -9
  -6
  -4
  -2
  -1
  -1
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  74.8
  55.8
  41.7
  31.1
  23.2
  17.4
  13.0
  9.7
  7.2
  5.4
  4.1
  3.1
  2.3
  1.8
  1.3
  1.0
  0.7
  0.6
  0.4
  0.3
  0.2
  0.2
  0.1
  0.1
  0.1
  0.1
  0.0
  0.0
  0.0
  0.0

A. Schulman, Inc. is an international supplier of plastic formulations, resins and services, and provides solutions to its customers' requirements through custom-formulated products. The Company's customers span a range of markets, such as packaging, mobility, building and construction, electronics and electrical, agriculture, personal care and hygiene, custom services, and sports, home and leisure. The Company's segments include Europe, Middle East and Africa (EMEA), the United States and Canada (USCAN), Latin America (LATAM), Asia Pacific (APAC) and Engineered Composites (EC). As of August 31, 2016, the Company operated in six product families, including custom performance colors (CPC), engineered composites, Masterbatch solutions, engineered plastics, specialty powders and distribution services. The CPC product family offers powdered, pelletized and liquid color concentrates that are custom-designed for thermoplastic resins.

FINANCIAL RATIOS  of  A. Schulman (SHLM)

Valuation Ratios
P/E Ratio 38.4
Price to Sales 0.5
Price to Book 6.4
Price to Tangible Book
Price to Cash Flow 12.1
Price to Free Cash Flow 18.6
Growth Rates
Sales Growth Rate -1.4%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -27.5%
Cap. Spend. - 3 Yr. Gr. Rate 1.1%
Financial Strength
Quick Ratio 2
Current Ratio 0
LT Debt to Equity 449.2%
Total Debt to Equity 465.5%
Interest Coverage 2
Management Effectiveness
Return On Assets 4.9%
Ret/ On Assets - 3 Yr. Avg. -2.7%
Return On Total Capital 3%
Ret/ On T. Cap. - 3 Yr. Avg. -6.9%
Return On Equity 18.5%
Return On Equity - 3 Yr. Avg. -24.2%
Asset Turnover 1.4
Profitability Ratios
Gross Margin 15.4%
Gross Margin - 3 Yr. Avg. 15.5%
EBITDA Margin 6.5%
EBITDA Margin - 3 Yr. Avg. 0.5%
Operating Margin 3.5%
Oper. Margin - 3 Yr. Avg. -2%
Pre-Tax Margin 1.3%
Pre-Tax Margin - 3 Yr. Avg. -4.1%
Net Profit Margin 1.3%
Net Profit Margin - 3 Yr. Avg. -3.9%
Effective Tax Rate -6.3%
Eff/ Tax Rate - 3 Yr. Avg. -1.3%
Payout Ratio 97%

SHLM stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the SHLM stock intrinsic value calculation we used $2461 million for the last fiscal year's total revenue generated by A. Schulman. The default revenue input number comes from 2017 income statement of A. Schulman. 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 SHLM stock valuation model: a) initial revenue growth rate of 6.9% 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 11.5%, whose default value for SHLM is calculated based on our internal credit rating of A. Schulman, 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 A. Schulman.
    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 SHLM stock the variable cost ratio is equal to 112.4%.

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 SHLM 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 5.3% for A. Schulman.

Corporate tax rate of 27% is the nominal tax rate for A. Schulman. 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 SHLM 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 SHLM are equal to 26.6%.

Life of production assets of 11.6 years is the average useful life of capital assets used in A. Schulman 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 SHLM is equal to 12%. 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 - $197 million for A. Schulman - 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 29.53 million for A. Schulman 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 A. Schulman at the current share price and the inputted number of shares is $1.3 billion.

RELATED COMPANIES Price Int.Val. Rating
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TOT Total ADR 57.53 9.69  str.sell
RPM RPM Internatio 49.95 41.48  sell
LYB LyondellBasell 110.83 344.40  str.buy
WLK Westlake Chemi 111.04 471.19  str.buy

COMPANY NEWS

▶ A. Schulman Showcases Their New LYTEX SF at JEC 2018   [Feb-19-18 04:05PM  GlobeNewswire]
▶ [$$] LyondellBasell to Buy A. Schulman for $2.25 Billion   [Feb-15-18 08:26PM  The Wall Street Journal]
▶ Why A. Schulman's Stock Is Rising Today   [11:49AM  Motley Fool]
▶ LyondellBasell to acquire Ohio plastics company in $2.25B deal   [09:05AM  American City Business Journals]
▶ [$$] LyondellBasell to Buy A. Schulman for $2.25 Billion   [09:00AM  The Wall Street Journal]
▶ A. Schulman posts 1Q profit   [Jan-08-18 04:32PM  Associated Press]
▶ A. Schulman beats 4Q profit forecasts   [Oct-26-17 06:36AM  Associated Press]
▶ Is There Now An Opportunity In A Schulman Inc (SHLM)?   [Oct-14-17 11:57AM  Simply Wall St.]
▶ A. Schulman Declares Regular Cash Dividend on Common Shares   [Oct-13-17 04:44PM  GlobeNewswire]
▶ A. Schulman Announces Amendment to Credit Agreement   [Oct-10-17 04:44PM  GlobeNewswire]
▶ Plastics company A Schulman exploring sale - WSJ   [Oct-04-17 11:32AM  Reuters]
▶ [$$] Plastics Company A. Schulman Weighs Sale   [10:30AM  The Wall Street Journal]
▶ A. Schulman Receives Bosch Global Supplier Award   [Sep-20-17 09:15AM  PR Newswire]
▶ New Strong Sell Stocks for August 25th   [Aug-25-17 06:20AM  Zacks]
▶ A. Schulman Revises Fiscal 2017 Guidance   [Jul-20-17 08:15AM  PR Newswire]
▶ ETFs with exposure to A. Schulman, Inc. : July 3, 2017   [Jul-03-17 03:46PM  Capital Cube]
▶ A. Schulman misses 3Q profit forecasts   [Jun-28-17 09:15PM  Associated Press]
▶ ETFs with exposure to A. Schulman, Inc. : June 2, 2017   [Jun-02-17 02:31PM  Capital Cube]
▶ ETFs with exposure to A. Schulman, Inc. : April 27, 2017   [Apr-27-17 04:16PM  Capital Cube]
▶ ETFs with exposure to A. Schulman, Inc. : April 7, 2017   [Apr-07-17 05:27PM  Capital Cube]
Financial statements of SHLM
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