Rational Investing

Chemicals - Specialty

	Total Market Capitalization of All Firms	$744,708 mm
	Average Market Capitalization	$15,515 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	1.2
	Standard Deviation of MM Ratio	0.5
	Average Beta	1.2
	Average EV To Revenue	3.4
	Average EV To EBITDAM	23.1
	Average Price To Free Cash Flow	41.6

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	EV/EBITDAM	% Growth	Beta	As Of
CMP	Compass Minerals International	2.74	2,132	2.6	19.2	17.9	-9	1.5	Sep 20
SYNT.L	Synthomer PLC	2.34	1,945	1.7	4.2	30	-11	1.1	Jun 20
VCT.L	Victrex Plc	2.27	2,823	10.5	24	30	1	0.9	Sep 20
CRDA.L	Croda International Plc	2.23	11,131	8.7	39.8	30	-1	0.7	Jun 20
ALB	Albemarle Corp.	2.07	19,088	6.5	88.1	33.7	-4	1.5	Sep 20
4042	Tosoh Corporation	1.91	5,549	0.2	20.5	14.3	-11	1.4	Sep 20
SIK.VX	Sika AG	1.90	30,936	4.5	74.4	33.8	14	0.7	Jun 18
MEOH	Methanex Corp.	1.64	3,150	2.1	40.9	30	-16	2.1	Sep 20
ORI.AX	Orica Ltd	1.62	4,279	1.4	14.6	22.4	-3	1.0	Sep 20
ELM.L	Elementis PLC	1.55	900	1.8	2	30	-5	2.3	Jun 20
KWR	Quaker Chemical Corp.	1.42	3,616	3.6	99	18.8	14	1.5	Sep 20
ECL	Ecolab Inc	1.40	60,993	5.1	66.6	32.6	-11	1.0	Sep 20
SIKA.SW	Sika AG	1.39	41,209	5.8	83.3	33.2	-1	0.7	Jun 20
FUL	Hb Fuller Co.	1.36	2,698	1.7	16.4	14.9	-5	1.7	Aug 20
LIN	Linde plc	1.28	138,641	5.6	99	20.4	-1	0.8	Sep 20
ROL	Rollins Inc	1.22	12,197	5.7	37.2	29.3	8	0.7	Sep 20
WLK	Westlake Chemical Corp.	1.20	11,009	2.2	85.6	30	-11	1.4	Sep 20
EVK.DE	EVONIK INDUSTRIES AG	1.16	15,173	1.9	27	17.9	-6	1.1	Sep 20
KRO	Kronos Worldwide Inc.	1.14	1,741	1.6	15	41.1	-7	1.2	Sep 20
NZYM-B.CO	Novozymes A/S	1.13	16,262	7.6	99	30	1	0.8	Sep 20
SCL	Stepan Co.	1.12	2,772	1.6	19.3	11.2	1	0.8	Sep 20
SQM	Chemical & Mining Co. Of Chile	1.12	14,871	9.7	56.5	30	-11	0.8	Sep 20
GRA	Wr Grace And Co.	1.07	4,232	3.6	19.3	17.0	-5	1.4	Sep 20
ASH	Ashland Inc	1.00	5,329	3.2	14.7	13.2	-2	1.3	Sep 20
OMN	Omnova Solutions Inc.	1.00	433	1.1	10.1	24.9	-3	1.9	Feb 19
5301	Tokai Carbon Co Ltd	0.99	3,116	0.9	99	13.7	-22	1.4	Sep 20
IOSP	Innospec Inc.	0.98	2,389	1.9	30.7	23.3	-16	1.3	Sep 20
NZYMB.CO	Novozymes A/S	0.96	17,656	8.3	99	30	5	1.1	Mar 20
3405	Kuraray Co.,ltd.	0.92	3,777	0.5	8.1	10.6	-6	1.2	Sep 20
NEU	Newmarket Corp.	0.92	4,731	3.4	23.5	18.7	-27	0.7	Sep 20
CC	Chemours Co	0.90	4,440	1.6	12.4	12.9	2	2.1	Sep 20
IMCD.AS	IMCD N.V	0.89	6,721	2.7	73.0	32.1	3	1.0	Jun 20
ESI	Element Solutions Inc	0.88	4,938	3.6	18.4	19.3	-2	1.7	Sep 20
JMAT.L	Johnson Matthey Plc	0.88	7,228	1.0	27.5	30	-17	1.5	Mar 19
RPM	Rpm International Inc	0.87	11,308	2.4	63.1	28.7	6	1.0	Nov 20
SXT	Sensient Technologies Corp.	0.87	3,180	2.9	16.1	13.9	1	1.0	Sep 20
FOE	Ferro Corp	0.86	1,275	2.1	15.6	16.4	5	1.6	Sep 20
BCPC	Balchem Corp.	0.85	3,949	6.0	50.1	27.3	8	0.7	Sep 20
011170.KS	Lotte Chemical Corporation	0.79	9,352	0.3	12.8	12.9	-24	0.5	Sep 20
CBT	Cabot Corp.	0.74	2,774	1.2	15.7	12.5	23	1.5	Sep 20
LIN.DE	Linde plc	0.74	135,594	5.0	99	15.4	10	0.8	Sep 20
LYB	Lyondellbasell Industries Nv	0.74	35,148	2.0	94.9	30	-29	1.5	Sep 20
PPG	Ppg Industries Inc	0.73	34,952	3.1	31.1	18.6	-12	1.1	Sep 20
MX.TO	Methanex Corporation	0.69	3,114	2.0	52.2	44.3	-9	2.1	Sep 20
1COV.DE	Covestro AG	0.64	11,904	1.1	8.2	7.5	7	1.2	Sep 20
IFF	International Flavors And Frag	0.59	12,560	3.2	26.2	19.2	5	1.0	Sep 20
WDFC	Wd-40 Co	0.58	3,842	8.6	40.3	28.7	12	0.8	Nov 20
BAK	Braskem S.a.	0.51	7,653	0.8	4.6	4.3	14	0.6	Mar 19