Ashland Stock Today

ASH
 Stock
  

USD 103.85  0.67  0.65%   

Market Performance
3 of 100
Odds Of Distress
Less than 36
Ashland Global is trading at 103.85 as of the 28th of June 2022. This is a 0.65% increase since the beginning of the trading day. The stock's open price was 103.18. Ashland Global has about a 36 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading 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 29th of May 2022 and ending today, the 28th of June 2022. Click here to learn more.
CUSIP
044186104
Fiscal Year End
September
Business Domain
Materials
IPO Date
6th of April 1983
Category
Basic Materials
Classification
Materials
ISIN
US0441861046
Ashland Global Holdings Inc. provides additives and specialty ingredients worldwide. Ashland Global Holdings Inc. was founded in 1924 and is based in Wilmington, Delaware. Ashland Global operates under Specialty Chemicals classification in the United States and is traded on New York Stock Exchange. The company has 56.91 M outstanding shares of which 1.18 M shares are presently shorted by investors with about 2.45 days to cover. More on Ashland Global Holdings

Moving together with Ashland Global

0.63AMRAlpha Metallurgical Upward RallyPairCorr

Ashland Global Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Ashland Global's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Ashland Global or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Ashland Global Holdings was previously known as ASHLAND GLOBAL HOLDINGS and was traded on New York Stock Exchange under the symbol ASH.
Latest headline from www.benzinga.com: 53 Billion Global Surfactants Market is Expected to Grow at a CAGR of over 4.7 percent During 2022-2028 Vant - Benzinga
ESG SustainabilitySome studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Ashland Global's sustainability indicators can be used to identify a proper investment strutegies using environmental, social, and governance scores that are crucial to Ashland Global's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
Older SymbolASH
ChairmanGuillermo Novo
Thematic IdeaWholesale (view all)
Excise Tax ActivitiesAnimal Testing
Fama & French Classification
Average Analyst Recommendation
Analysts covering Ashland Global report their recommendations after researching Ashland Global's financial statements, talking to executives and customers, or listening in on Ashland Global's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Ashland Global Holdings. The Ashland consensus assessment is calculated by taking the average forecast from all of the analysts covering Ashland Global.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Ashland Global Holdings based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Ashland Global Holdings financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
 5 - HealthyDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares57.4 M54.7 M
Sufficiently Up
Decreasing
Slightly volatile
Weighted Average Shares Diluted74.7 M70.2 M
Notably Up
Decreasing
Slightly volatile
Net Cash Flow from Operations444 M504 M
Fairly Down
Decreasing
Very volatile
Total Assets7.2 BB
Fairly Up
Decreasing
Slightly volatile
Total Liabilities4.4 B3.5 B
Significantly Up
Decreasing
Slightly volatile
Current Assets1.9 B1.5 B
Fairly Up
Decreasing
Slightly volatile
Current Liabilities989.6 M840.6 M
Fairly Up
Decreasing
Slightly volatile
Total Debt2.2 B1.9 B
Fairly Up
Decreasing
Slightly volatile
Return on Average Assets0.02350.0297
Significantly Down
Decreasing
Stable
Gross Margin0.360.36
Steady
Increasing
Slightly volatile
Asset Turnover0.310.28
Significantly Up
Decreasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Ashland Global's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyUndervalued
Financial Strength
Ashland Global's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Ashland Global's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to 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.
Share Download
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By using current balance sheet information, investors can analyze the liability, assets, and equity on Ashland Global's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Ashland Global deploys its capital and how much of that capital is borrowed.
Liquidity
Ashland Global cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company 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 2.45, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Ashland Global until it has trouble settling it off, either with new capital or with free cash flow. So, Ashland Global's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Ashland Global Holdings sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Ashland to invest in growth at high rates of return. When we think about Ashland Global's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

444.02 MillionShare
Ashland Global Holdings (ASH) is traded on New York Stock Exchange in USA. It is located in 8145 Blazer Drive, Wilmington, DE 19808, United States and employs 3,800 people. Ashland Global Holdings was previously known as ASHLAND GLOBAL HOLDINGS and was traded on New York Stock Exchange under the symbol ASH. Ashland Global is listed under Wholesale category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with total capitalization of 5.87 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Ashland Global's market, we take the total number of its shares issued and multiply it by Ashland Global's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Ashland Global Holdings runs under Basic Materials sector within Specialty Chemicals industry. The entity has 56.91 M outstanding shares of which 1.18 M shares are presently shorted by investors with about 2.45 days to cover. Ashland Global Holdings has about 964 M in cash with 341 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 17.68.
Check Ashland Global Probability Of Bankruptcy
Ownership
Ashland Global holds a total of fifty-six million nine hundred ten thousand outstanding shares. 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 about to change at the company. Also note that nearly five hundred sixty-nine thousand one hundred invesors are currently shorting Ashland Global expressing very little confidence in its future performance.

Ownership Allocation (%)

Check Ashland Ownership Details

Ashland Stock Price Odds Analysis

What are Ashland Global's target price odds to finish over the current price? In reference to a normal probability distribution, the odds of Ashland Global jumping above the current price in 90 days from now is about 30.37%. The Ashland Global Holdings probability density function shows the probability of Ashland Global stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.1952. This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Ashland Global will likely underperform. Additionally, the company has an alpha of 0.3201, implying that it can generate a 0.32 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 103.85HorizonTargetOdds Above 103.85
69.39%90 days
 103.85 
30.37%
Based on a normal probability distribution, the odds of Ashland Global to move above the current price in 90 days from now is about 30.37 (This Ashland Global Holdings probability density function shows the probability of Ashland Stock to fall within a particular range of prices over 90 days) .

Ashland Global Historical Income Statement

Ashland Global Holdings Income Statement is one of the three primary financial statements used for reporting Ashland's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Ashland Global Holdings revenue and expense. Ashland Global Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Ashland Global Earning Before Interest and Taxes EBIT is most likely to decrease significantly in the upcoming years. The last year's value of Earning Before Interest and Taxes EBIT was reported at 214.2 Million. The current Gross Profit is estimated to increase to about 771.4 M, while Consolidated Income is projected to decrease to roughly 180.6 M. View More Fundamentals

Ashland Stock Against Markets

Picking the right benchmark for Ashland Global stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Ashland Global stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Ashland Global is critical whether you are bullish or bearish towards Ashland Global Holdings at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ashland Global without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Ashland Global Corporate Directors

Ashland Global corporate directors refer to members of an Ashland Global board of directors. The board of directors generally takes responsibility for the Ashland Global's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Ashland Global's board members must vote for the resolution. The Ashland Global board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
William Dempsey - Independent DirectorProfile
Susan Main - Independent DirectorProfile
Barry Perry - Lead Independent DirectorProfile
Seth Mrozek - Director - Investor RelationsProfile

Investing Ashland Global Holdings

You need to understand the risk of investing before taking a position in Ashland Global. 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 Shape 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.
Please continue to Trending Equities. Note that the Ashland Global Holdings information on this page should be used as a complementary analysis to other Ashland Global's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Complementary Tools for Ashland Stock analysis

When running Ashland Global Holdings price analysis, check to measure Ashland Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ashland Global is operating at the current time. Most of Ashland Global's value examination focuses on studying past and present price action to predict the probability of Ashland Global's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Ashland Global's price. Additionally, you may evaluate how the addition of Ashland Global to your portfolios can decrease your overall portfolio volatility.
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Is Ashland Global's industry 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 YOY
19.94
Market Capitalization
5.6 B
Quarterly Revenue Growth YOY
0.19
Return On Assets
0.0227
Return On Equity
0.0539
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 Ashland Global value 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.