Ashland Global Holdings Stock Today

ASH Stock  USD 96.51  1.08  1.11%   

Performance

1 of 100

 
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Odds Of Distress

Less than 3

 
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Ashland Global is trading at 96.51 as of the 21st of June 2024. This is a -1.11 percent down since the beginning of the trading day. The stock's open price was 97.59. Ashland Global has a very small chance of experiencing financial distress in the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for Ashland Global Holdings are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 22nd of May 2024 and ending today, the 21st of June 2024. Click here to learn more.
Business Domain
Materials
IPO Date
6th of April 1983
Category
Basic Materials
Ashland Inc. provides additives and specialty ingredients worldwide. Ashland Inc. was founded in 1924 and is headquartered in Wilmington, Delaware. Ashland operates under Specialty Chemicals classification in the United States and is traded on New York Stock Exchange. The company has 50.13 M outstanding shares of which 701.63 K shares are presently shorted by investors with about 2.06 days to cover. More on Ashland Global Holdings

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Ashland Stock Highlights

ESG Sustainability
Environmental
Governance
Social
ChairmanGuillermo Novo
Thematic IdeaWholesale (View all Themes)
Old Names[Ashley House plc, Laura Ashley Holdings plc, Laura Ashley Holdings plc, Laura Ashley Holdings plc]
Business ConcentrationSpecialty Chemicals, Basic Materials, NYSE Composite, SP Midcap 400, Wholesale, Materials, Chemicals, Specialty Chemicals, Basic Materials (View all Sectors)
Excise Tax ActivitiesAnimal Testing
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.40.42
Sufficiently Down
Slightly volatile
Gross Profit Margin0.180.27
Way Down
Pretty Stable
Net Debt1.5 B1.2 B
Fairly Up
Slightly volatile
Total Current Liabilities389.9 M410.4 M
Notably Down
Slightly volatile
Non Current Liabilities Total3.5 B2.7 B
Significantly Up
Slightly volatile
Total Assets7.9 B6.8 B
Fairly Up
Slightly volatile
Total Current Assets2.6 B1.7 B
Way Up
Slightly volatile
Ashland Global can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Ashland Global's financial leverage. It provides some insight into what part of Ashland Global's total assets is financed by creditors.
Liquidity
Ashland Global Holdings has 1.46 B in debt with debt to equity (D/E) ratio of 0.43, which is OK given its current industry classification. Ashland Global Holdings has a current ratio of 3.14, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Note however, debt could still be an excellent tool for Ashland to invest in growth at high rates of return.

Stock Based Compensation

26.57 Million
Ashland Global Holdings (ASH) is traded on New York Stock Exchange in USA. It is located in 8145 Blazer Drive, Wilmington, DE, United States, 19808 and employs 3,800 people. Ashland Global is listed under Specialty Chemicals category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 4.89 B. Ashland Global Holdings runs under Chemicals sector within Materials industry. The entity has 50.13 M outstanding shares of which 701.63 K shares are presently shorted by investors with about 2.06 days to cover. Ashland Global Holdings has about 417 M in cash with 243 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 11.93.
Check Ashland Global Probability Of Bankruptcy
Ownership Allocation
The majority of Ashland Global Holdings outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Ashland Global Holdings to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Ashland Global. Please pay attention to any change in the institutional holdings of Ashland Global Holdings as this could imply that something significant has changed or is about to change at the company.
Check Ashland Ownership Details

Ashland Stock Institutional Holders

InstituionRecorded OnShares
Cooperman Leon G2024-03-31
982 K
Geode Capital Management, Llc2024-03-31
808.6 K
Amvescap Plc.2024-03-31
806.3 K
Charles Schwab Investment Management Inc2024-03-31
684.5 K
1832 Asset Management L.p2024-03-31
657 K
Franklin Resources Inc2024-03-31
614.7 K
Ceredex Value Advisors Llc2024-03-31
610.2 K
Newport Trust Co.2024-03-31
575.5 K
Deprince Race & Zollo Inc2024-03-31
567.6 K
Vanguard Group Inc2024-03-31
4.8 M
Blackrock Inc2024-03-31
4.5 M
View Ashland Global Diagnostics

Ashland Global Historical Income Statement

As of now, Ashland Global's EBITDA is decreasing as compared to previous years. The Ashland Global's current Income Before Tax is estimated to increase to about 200 M, while Interest Expense is projected to decrease to under 6.6 M. View More Fundamentals

Ashland Stock Against Markets

Ashland Global Corporate Directors

William DempseyIndependent DirectorProfile
Susan MainIndependent DirectorProfile
Seth MrozekDirector - Investor RelationsProfile
Janice TealIndependent DirectorProfile

Already Invested in Ashland Global Holdings?

The danger of trading Ashland Global Holdings is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Ashland Global is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Ashland Global. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ashland Global Holdings is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.

Additional Information and Resources on Investing in Ashland Stock

When determining whether Ashland Global Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ashland Global's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ashland Global Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ashland Global Holdings Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ashland Global Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Is Specialty Chemicals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ashland Global. If investors know Ashland will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ashland Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.432
Dividend Share
1.54
Earnings Share
3.62
Revenue Per Share
41.392
Quarterly Revenue Growth
(0.05)
The market value of Ashland Global Holdings is measured differently than its book value, which is the value of Ashland that is recorded on the company's balance sheet. Investors also form their own opinion of Ashland Global's value that differs from its market value or its book value, called intrinsic value, which is Ashland Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ashland Global's market value can be influenced by many factors that don't directly affect Ashland Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ashland Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ashland Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ashland Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.