2024-01-28 11:40:00 ET
Summary
- Elementis is a specialty chemicals company focusing on personal healthcare and coatings, with a market capitalization of approximately $1.05B.
- The company's free cash flow profile is strong, with an underlying free cash flow per share of approximately $0.056 or 4.4 pence in the first semester of last year.
- Elementis expects to report an operating profit of $102-104M in 2023 and aims to achieve a full-year revenue of $800M and an operating margin of 19% in the future.
Introduction
Elementis ( OTCPK:ELMTY ) ( OTCPK:EMNSF ) is a specialty chemicals company with a worldwide presence. The company had to reinvent itself in the past few years and is now predominantly focusing on personal healthcare and coatings. The company supplies rheology modifiers and hectorite applications as it operates the world’s only high-grade hectorite mine (which has a remaining mine life of approximately 50 years). Hectorite is for instance used in antiperspirant aerosols....
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Elementis: An Attractive Specialty Chemicals Company At A 7% FCF Yield