Home Sectors Basic Materials Current Valuation: Ashland Global (NYSE: ASH)

Current Valuation: Ashland Global (NYSE: ASH)

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Ashland Global is part of the basic materials sector and trades as part of the chemicals industry. Ashland Global Inc is engaged in the chemical industry. Its chemical based products find application in a diverse range of industries.

Previous Intraday Trading Performance:

The ASH stock showed a previous change of 0.71% with an open at 77.96 and a close of 78.40. It reached an intraday high of 78.59 and a low of 77.86.

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Liquidity:

The stock has a market cap of $4.9b with 62.6m shares outstanding, of which the float is 62.2m shares. Trading volume reached 513,428 shares compared to its average volume of 739,327 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Ashland Global shares returned 1.42% and in the past 30 trading days it returned 11.60%. Over three months, it changed -4.38%. In one year it has changed 13.00% and within that year its 52-week high was 86.63 and its 52-week low was 64.81. ASH stock is 20.97% above its 52 Week Low.

Our calculations show a 200 day moving average of 78.30 and a 50 day moving average of 75.19. Currently ASH stock is trading 0.13% above its 200 day moving average and may be a good opportunity to buy.

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Earnings:

The last annual fiscal EPS for the company was reported at 1.79 that ended on 30th of September 2018, which according to the previous close, that is a PE of 43.80. Based on 5 analyst estimates, the consensus EPS for the next quarter is 0.98. The TTM EPS is 3.62, which comes to a TTM PE of 21.66.

The following are the last four quarter reported earnings per share:
12-31-2018:  0.14
09-30-2018:  0.97
06-30-2018:  1.13
03-31-2018:  1.06

The dividend per share is currently 1.00, which is a dividend yield of 1.28%. Also, the payout ratio is 27.62%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 25.92, which means it may be overvalued by -202.43%

Indicators to Watch:

Based on the latest filings, there is 0.70% of insider ownership and 130.20% of institutional ownership. Short-interest is 2,220,572, which is 3.55% of shares outstanding. The short-interest ratio or days-to-cover ratio is 3.54. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 1.32

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 2.09%, return on assets is 0.84%, profit margin is 2.04%, price-to-sales is 1.40 and price-to-book is 1.47.

Company Scores:

All scores are out of six:
 1  :Valuation Score
 0  :Past Performance Score
 1  :Financial Strength Score
 3  :Future Growth Score
 2  :Dividend Score
 1  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.