Financials Quaker Chemical Corporation

Equities

KWR

US7473161070

Commodity Chemicals

Market Closed - Nyse Other stock markets 04:00:02 2024-04-26 pm EDT			5-day change	1st Jan Change
190.2 ^USD	+1.49%		-0.14%	-10.87%

Mar. 04	Deutsche Bank Cuts Quaker Houghton Price Target to $225 From $245, Maintains Buy Rating	MT
Mar. 04	RBC Boosts Price Target on Quaker Houghton to $223 From $200, Cites Positive Outlook, Keeps Outperform Rating	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	2,917	4,518	4,130	2,993	3,838	3,423	-	-
Enterprise Value (EV) ¹	3,715	5,225	4,130	2,993	4,399	3,423	3,423	3,423
P/E ratio	79.1 x	114 x	34.1 x	-188 x	34.1 x	22.8 x	19.2 x	-
Yield	0.93%	0.62%	0.7%	-	0.83%	0.97%	0.99%	-
Capitalization / Revenue	2.57 x	3.19 x	2.34 x	1.54 x	1.97 x	1.71 x	1.64 x	1.56 x
EV / Revenue	2.57 x	3.19 x	2.34 x	1.54 x	1.97 x	1.71 x	1.64 x	1.56 x
EV / EBITDA	16.9 x	20.4 x	15.1 x	11.6 x	12 x	10.1 x	9.29 x	8.45 x
EV / FCF	43.7 x	28.2 x	150 x	-	-	18.3 x	14.7 x	-
FCF Yield	2.29%	3.55%	0.67%	-	-	5.47%	6.83%	-
Price to Book	2.01 x	3.43 x	2.98 x	-	2.77 x	-	-	-
Nbr of stocks (in thousands)	17,732	17,832	17,894	17,932	17,985	17,992	-	-
Reference price ²	164.5	253.4	230.8	166.9	213.4	190.2	190.2	190.2
Announcement Date	3/2/20	2/25/21	2/24/22	2/23/23	2/29/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,134	1,418	1,761	1,944	1,953	1,999	2,089	2,198
EBITDA ¹	173.1	222	274.1	257.2	320.4	340.1	368.5	405
EBIT ¹	121.9	134	182.6	177.9	227.8	252.2	281.3	311
Operating Margin	10.76%	9.45%	10.37%	9.15%	11.66%	12.61%	13.46%	14.15%
Earnings before Tax (EBT) ¹	28.9	27.14	147	7.118	153.1	203.7	239	267
Net income ¹	31.62	39.66	121.4	-15.93	112.7	150	178.2	-
Net margin	2.79%	2.8%	6.89%	-0.82%	5.77%	7.5%	8.53%	-
EPS ²	2.080	2.220	6.770	-0.8900	6.260	8.360	9.910	-
Free Cash Flow ¹	66.83	160.5	27.48	-	-	187.1	233.6	-
FCF margin	5.9%	11.32%	1.56%	-	-	9.36%	11.18%	-
FCF Conversion (EBITDA)	38.6%	72.3%	10.02%	-	-	55.01%	63.39%	-
FCF Conversion (Net income)	211.34%	404.68%	22.64%	-	-	124.77%	131.09%	-
Dividend per Share ²	1.525	1.560	1.620	-	1.780	1.843	1.890	-
Announcement Date	3/2/20	2/25/21	2/24/22	2/23/23	2/29/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1
Net sales ¹	449.1	447	474.2	492.4	492.2	484.8	500.1	495.4	490.6	467.1	494.5	500	508.9	493.5	519.2
EBITDA ¹	66.2	60.74	60.44	58.49	70.29	67.92	78.79	80.24	84.38	76.96	80.52	86.91	91.9	83.55	89.5
EBIT ¹	43.19	39.33	39.16	38.8	50.94	48.98	56.29	58.76	61.84	50.88	58.14	64.73	69.82	61.29	69.45
Operating Margin	9.62%	8.8%	8.26%	7.88%	10.35%	10.1%	11.26%	11.86%	12.6%	10.89%	11.76%	12.95%	13.72%	12.42%	13.38%
Earnings before Tax (EBT) ¹	31.02	24.65	21.85	17.01	36.3	-68.05	34.45	40.47	44.02	34.18	45.05	50.45	56.55	50.05	59.15
Net income ¹	31.1	18.13	19.82	14.34	25.87	-75.96	29.53	29.35	33.67	20.2	33.6	37.4	41.75	37.15	44.05
Net margin	6.93%	4.05%	4.18%	2.91%	5.26%	-15.67%	5.91%	5.92%	6.86%	4.32%	6.79%	7.48%	8.2%	7.53%	8.48%
EPS ²	1.730	1.010	1.110	0.8000	1.440	-4.240	1.640	1.630	1.870	1.120	1.875	2.085	2.325	2.070	2.450
Dividend per Share ²	0.4150	0.4150	0.4150	0.4150	0.4350	-	0.2100	0.4350	-	0.4550	0.4575	0.4575	0.4690	0.4690	-
Announcement Date	11/4/21	2/24/22	5/5/22	8/4/22	11/3/22	2/23/23	5/4/23	8/1/23	11/2/23	2/29/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	797	706	-	-	561	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	4.605 x	3.181 x	-	-	1.751 x	-	-	-
Free Cash Flow ¹	66.8	160	27.5	-	-	187	234	-
ROE (net income / shareholders' equity)	10.6%	6.65%	8.96%	-	-	38.1%	-	-
ROA (Net income/ Total Assets)	4.98%	2.97%	4.15%	-	-	19.4%	-	-
Assets ¹	634.5	1,337	2,924	-	-	772.5	-	-
Book Value Per Share	82.00	74.00	77.50	-	76.90	-	-	-
Cash Flow per Share ²	-	12.20	3.440	-	15.50	19.40	22.00	24.80
Capex ¹	15.5	17.9	21.5	-	-	37.2	38.5	41.5
Capex / Sales	1.37%	1.26%	1.22%	-	-	1.86%	1.84%	1.89%
Announcement Date	3/2/20	2/25/21	2/24/22	2/23/23	2/29/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Quaker Chemical Corporation

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

190.2 USD

Average target price

236 USD

Spread / Average Target

+24.06%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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