Rational Investing

Chemicals - Specialty

	Total Market Capitalization of All Firms	$332,825 mm
	Average Market Capitalization	$8,534 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	1.4
	Standard Deviation of MM Ratio	0.4
	Average Beta	1.3
	Average EV To Revenue	2.8
	Average EV To EBITDAM	23.5
	Average Price To Free Cash Flow	33.3

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	EV/EBITDAM	% Growth	Beta	As Of
GRA	Wr Grace And Co.	2.25	3,618	3.7	30.9	33.3	-10	1.4	Mar 20
4042	Tosoh Corporation	2.20	4,636	0.2	14.3	15.9	-10	1.4	Mar 20
WLK	Westlake Chemical Corp.	2.09	6,586	1.4	17.5	16.0	-6	1.6	Mar 20
SCL	Stepan Co.	2.06	2,233	1.4	27.9	20.3	-8	1.0	Mar 20
SIK.VX	Sika AG	1.90	28,664	4.2	74.4	33.8	14	0.7	Jun 18
LYB	Lyondellbasell Industries Nv	1.79	25,327	1.2	21.4	26.4	-13	1.5	Mar 20
SYNT.L	Synthomer PLC	1.79	1,374	1.2	3.2	30	-10	1.1	Dec 19
1COV.DE	Covestro AG	1.76	7,174	1.0	35.1	30	-13	1.3	Mar 20
ALB	Albemarle Corp.	1.71	8,327	3.3	78.6	25.2	0	1.4	Mar 20
ECL	Ecolab Inc	1.70	61,389	4.5	48.7	28.4	2	1.0	Mar 20
KWR	Quaker Chemical Corp.	1.54	2,338	1.9	99	16.3	56	1.4	Mar 20
ROL	Rollins Inc	1.54	14,051	6.4	42.9	46.7	11	0.7	Mar 20
SXT	Sensient Technologies Corp.	1.53	2,178	2.2	13.8	11.0	-2	1.0	Mar 20
CRDA.L	Croda International Plc	1.49	8,379	6.7	37.8	30	-2	0.8	Dec 19
WDFC	Wd-40 Co	1.47	2,580	6.3	55.8	41.6	0	0.8	Feb 20
3405	Kuraray Co.,ltd.	1.46	3,834	0.5	12.4	14.2	-4	1.0	Mar 20
CBT	Cabot Corp.	1.44	2,194	1.1	37.5	32.8	-11	1.7	Mar 20
CC	Chemours Co	1.40	2,333	1.3	9.4	19.4	-8	2.2	Mar 20
FOE	Ferro Corp	1.36	1,002	2.3	12.2	16.4	-16	1.7	Mar 20
IOSP	Innospec Inc.	1.35	1,904	1.3	12.9	12.8	-2	1.2	Mar 20
VCT.L	Victrex Plc	1.32	2,194	7.2	20.2	30	3	1.0	Mar 20
MEOH	Methanex Corp.	1.31	1,389	1.5	18	30	-22	2.3	Mar 20
RPM	Rpm International Inc	1.31	9,855	2.2	75.2	25.7	2	1.1	Feb 20
SIKA.SW	Sika AG	1.31	26,839	3.3	99	22.5	18	0.9	Dec 19
ASH	Ashland Inc	1.25	4,311	2.9	28.3	23.6	-15	1.4	Mar 20
SQM	Chemical & Mining Co. Of Chile	1.19	6,909	5.5	26.3	30	-18	0.8	Mar 20
EVK.DE	EVONIK INDUSTRIES AG	1.18	12,008	1.7	23.1	14.5	-7	1.1	Mar 20
IFF	International Flavors And Frag	1.11	14,289	3.4	33.2	21.6	8	1.1	Mar 20
FUL	Hb Fuller Co.	1.08	2,028	1.6	16.8	40.9	-4	1.7	Feb 20
NEU	Newmarket Corp.	0.98	4,798	2.6	19.2	16.9	-2	0.7	Dec 19
BCPC	Balchem Corp.	0.96	3,200	5.0	36.6	23.6	7	0.7	Mar 20
NZYMB.CO	Novozymes A/S	0.92	15,649	7.4	99	30	5	1.1	Mar 20
5301	Tokai Carbon Co Ltd	0.90	2,073	0.7	10.8	7.3	-16	1.5	Mar 20
ESI	Element Solutions Inc	0.90	3,012	2.6	11.2	13.9	-3	1.7	Mar 20
PPG	Ppg Industries Inc	0.89	25,385	2.2	31.8	18.3	-3	1.2	Mar 20
MX.TO	Methanex Corporation	0.86	1,372	1.0	24.4	28.6	19	2.3	Mar 20
KRO	Kronos Worldwide Inc.	0.82	1,165	1.1	6.8	9.3	1	1.6	Mar 20
CMP	Compass Minerals International	0.66	1,667	2.0	13.7	14.3	3	1.6	Mar 20
ORI.AX	Orica Ltd	0.65	4,560	1.2	17.5	16.5	0	1.0	Mar 20