CLZNF - Clariant Is Attractive At Current Prices

2023-04-23 23:08:00 ET

Summary

• Net sales decreased since 2018 as the company has restructured its operations in order to focus on highly profitable business areas.
• The company is highly profitable thanks to very high and stable EBITDA margins.
• The company's debt is very manageable as interest expenses represent a low portion of operating cash flows.
• The dividend is safe thanks to a very conservative cash payout ratio year after year and a strong balance sheet.
• The recent share price decline represents a good opportunity for long-term dividend growth investors interested in the specialty chemicals industry.

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