2024-05-15 09:38:09 ET
Summary
- Axalta Coating Systems has seen mediocre returns in the past seven years, but steady earnings growth has brought down earnings multiples.
- The company's appeal is increasing as multiples come down to a market multiple, after Axalta has long traded at market premiums.
- Despite modest growth, Axalta remains a small player in a consolidating industry and has been named as an acquisition target.
It is time to update the thesis on Axalta Coating Systems ( AXTA ). The previous update on the business goes back to 2017 when the company announced the acquisition of the North American industrial wood coating business of Valspar....
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Axalta Coating: Painting A Prettier Picture Here