Chemtura Corporation

Chemtura Corporation is a global, specialty chemicals company listed on the New York Stock Exchange and Euronext Paris (CHMT), with leading positions in diversified markets. We build the chemistry that makes other products more durable, safer, cleaner and more efficient. Major industries served include transportation and energy & electronics. With global headquarters in Philadelphia, Pennsylvania, USA, we manufacture products in 11 countries and sell products in over 80 countries. We have approximately 2,700 employees in research, manufacturing, sales and administrative facilities in every major market of the world, with regional headquarters and shared service centers in Shanghai, China; Middlebury, Connecticut, USA; and Manchester, United Kingdom/Frauenfeld, Switzerland. We are committed to global sustainability and engineering chemical solutions that meet our customers’ evolving needs. Among our businesses, we are: --A global manufacturer and marketer of high-performance additive components, building blocks for synthetic lubricant base-stocks (Industrial Performance Products) --A world leader in high-performing calcium sulfonate specialty greases and phosphate and polyol ester-based fluids (Industrial Performance Products) --A global leader in the development and manufacture of hot cast elastomers (Industrial Performance Products) --One of the three largest developers and manufacturers of bromine and bromine-based products (Great Lakes Solutions) --One of the three largest developers and manufacturers of organometallic compounds, that have applications in catalysts, surface treatment and pharmaceuticals (Organometallic Specialties) The hallmarks of our businesses include differentiation through technology, investing in sustainable technologies and applications, increased exposure to higher-growth regions, an expanded global footprint and infrastructure, greater customer focus and intimacy, and stewardship of our products and their use.

Type
Public
HQ
Middlebury, US
Founded
2005
Size (employees)
2,500 (est)
Chemtura Corporation was founded in 2005 and is headquartered in Middlebury, US

Chemtura Corporation Office Locations

Chemtura Corporation has an office in Middlebury
Middlebury, US (HQ)
199 Benson Rd

Chemtura Corporation Data and Metrics

Chemtura Corporation Financial Metrics

Chemtura Corporation's revenue was reported to be $1.7 b in FY, 2016
USD

Revenue (FY, 2016)

1.7 b

Revenue growth (FY, 2015 - FY, 2016), %

(5%)

Gross profit (FY, 2016)

473 m

Gross profit margin (FY, 2016), %

29%

Net income (FY, 2016)

(15 m)

EBIT (FY, 2016)

46 m

Market capitalization (20-Apr-2017)

2.1 b

Closing share price (20-Apr-2017)

33.5

Cash (31-Dec-2016)

220 m

EV

2.4 b
Chemtura Corporation's current market capitalization is $2.1 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

2.2 b2.2 b1.7 b1.7 b

Revenue growth, %

(2%)(20%)(5%)

Cost of goods sold

1.7 b1.2 b

Gross profit

510 m473 m

Gross profit Margin, %

23%29%

R&D expense

21 m

General and administrative expense

143 m

Operating expense total

164 m

EBIT

98 m46 m

EBIT margin, %

4%3%

Interest expense

60 m32 m

Income tax expense

(18 m)(29 m)

Net Income

(177 m)763 m136 m(15 m)
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Revenue

556 m609 m558 m438 m464 m444 m414 m441 m414 m

Cost of goods sold

436 m451 m424 m340 m350 m327 m293 m322 m289 m

Gross profit

120 m158 m134 m98 m114 m117 m121 m119 m125 m

Gross profit Margin, %

22%26%24%22%25%26%29%27%30%

R&D expense

8 m10 m10 m5 m6 m4 m5 m5 m5 m

General and administrative expense

60 m67 m65 m36 m41 m36 m33 m37 m35 m

Operating expense total

68 m77 m75 m41 m47 m40 m38 m42 m40 m

EBIT

22 m52 m35 m29 m44 m53 m(101 m)55 m51 m

EBIT margin, %

4%9%6%7%9%12%(24%)12%12%

Interest expense

12 m11 m12 m8 m8 m7 m8 m8 m8 m

Income tax expense

(3 m)5 m(12 m)(11 m)(16 m)(16 m)15 m(13 m)(17 m)

Net Income

6 m45 m60 m20 m19 m31 m(1.5 m)34 m400 k
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

549 m392 m323 m220 m

Accounts Receivable

361 m251 m210 m213 m

Inventories

415 m329 m310 m

Current Assets

1.5 b1.2 b978 m865 m

Goodwill

179 m172 m166 m158 m

Total Assets

2.7 b2.7 b2.4 b2.2 b

Accounts Payable

172 m146 m120 m120 m

Total Debt

898 m574 m517 m476 m

Current Liabilities

486 m405 m361 m310 m

Total Liabilities

1.2 b

Additional Paid-in Capital

4.4 b4.4 b4.4 b4.4 b

Retained Earnings

(3 b)(2.3 b)(2.1 b)(2.1 b)

Total Equity

999 m1.1 b1 b978 m

Debt to Equity Ratio

0.9 x0.5 x0.5 x0.5 x

Debt to Assets Ratio

0.3 x0.2 x0.2 x0.2 x

Financial Leverage

2.7 x2.5 x2.4 x2.2 x
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Cash

361 m235 m145 m245 m309 m317 m194 m186 m202 m

Accounts Receivable

436 m259 m258 m259 m264 m229 m238 m240 m219 m

Inventories

415 m339 m343 m313 m311 m316 m328 m313 m328 m

Current Assets

1.4 b1.3 b1.2 b1.1 b1 b1 b885 m865 m883 m

PP&E

717 m717 m707 m672 m677 m668 m665 m661 m665 m

Goodwill

178 m180 m175 m166 m170 m167 m166 m163 m162 m

Total Assets

2.6 b2.5 b2.4 b2.4 b2.4 b2.4 b2.3 b2.2 b2.2 b

Accounts Payable

210 m156 m164 m152 m147 m138 m119 m125 m125 m

Current Liabilities

400 m408 m423 m357 m371 m382 m354 m323 m319 m

Additional Paid-in Capital

4.4 b4.4 b4.4 b4.4 b4.4 b4.4 b4.4 b4.4 b4.4 b

Retained Earnings

(3 b)(3 b)(3 b)(2.2 b)(2.2 b)(2.2 b)(2.2 b)(2.2 b)(2.2 b)

Total Equity

983 m908 m817 m920 m975 m969 m967 m964 m984 m

Financial Leverage

2.6 x2.8 x2.9 x2.7 x2.5 x2.5 x2.3 x2.3 x2.3 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

763 m136 m

Depreciation and Amortization

101 m102 m93 m85 m

Accounts Receivable

(20 m)(89 m)24 m(11 m)

Inventories

(13 m)(31 m)(5 m)(5 m)

Accounts Payable

20 m4 m(18 m)5 m

Cash From Operating Activities

79 m(78 m)159 m137 m

Purchases of PP&E

(3 m)(3 m)

Capital Expenditures

(170 m)(113 m)(80 m)(88 m)

Cash From Investing Activities

184 m871 m(23 m)(82 m)

Cash From Financing Activities

(80 m)(935 m)(189 m)(151 m)

Free Cash Flow

249 m35 m239 m49 m
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Net Income

6 m45 m60 m20 m19 m31 m(1.5 m)34 m400 k

Depreciation and Amortization

28 m53 m77 m24 m24 m22 m21 m22 m21 m

Accounts Receivable

(75 m)(105 m)(98 m)(23 m)

Inventories

(2 m)(6 m)(34 m)1 m

Accounts Payable

39 m17 m26 m11 m

Cash From Operating Activities

(50 m)(32 m)(23 m)16 m

Capital Expenditures

(23 m)(48 m)(78 m)(13 m)

Cash From Investing Activities

(15 m)(32 m)(55 m)(15 m)

Cash From Financing Activities

(120 m)(250 m)(316 m)(136 m)

Free Cash Flow

(73 m)(80 m)(101 m)3 m
USDY, 2016

EV/EBIT

51.7 x

EV/CFO

17.3 x

EV/FCF

48.5 x

Revenue/Employee

661.6 k

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

2.2 x

Chemtura Corporation Market Value History

Chemtura Corporation Median Salaries

Source: 15 public H-1B filings from Chemtura Corporation

Traffic Overview of Chemtura Corporation

Chemtura Corporation Online and Social Media Presence

Chemtura Corporation Company Life and Culture

You may also be interested in