Rational Investing

Chemicals - Specialty

	Total Market Capitalization of All Firms	$675,509 mm
	Average Market Capitalization	$14,073 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	1.3
	Standard Deviation of MM Ratio	0.5
	Average Beta	1.2
	Average EV To Revenue	3.2
	Average EV To EBITDAM	22.7
	Average Price To Free Cash Flow	37.7

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	EV/EBITDAM	% Growth	Beta	As Of
4042	Tosoh Corporation	2.37	5,435	0.2	83.3	30.9	-15	1.6	Jun 20
WDFC	Wd-40 Co	2.37	3,244	8.5	65.1	47.5	-8	0.8	May 20
SIKA.SW	Sika AG	2.29	38,265	4.9	55.9	26.6	10	0.7	Jun 20
MEOH	Methanex Corp.	2.21	2,378	2.1	30.9	30	-25	2.2	Jun 20
SYNT.L	Synthomer PLC	2.16	1,725	1.5	3.9	30	-7	1.3	Jun 20
LIN.DE	Linde plc	2.12	123,426	5.2	99	17.1	-1	0.7	Jun 20
WLK	Westlake Chemical Corp.	2.11	9,215	1.8	19.2	16.2	-13	1.5	Jun 20
KWR	Quaker Chemical Corp.	2.06	2,629	2.4	99	21.9	34	1.4	Jun 20
SIK.VX	Sika AG	1.90	30,404	4.4	74.4	33.8	14	0.7	Jun 18
ECL	Ecolab Inc	1.88	59,285	5.6	47.7	34.1	-21	0.9	Jun 20
ROL	Rollins Inc	1.87	19,717	9.2	60.2	47.9	8	0.7	Jun 20
MX.TO	Methanex Corporation	1.69	2,337	1.7	40.5	14.6	-9	2.2	Jun 20
1COV.DE	Covestro AG	1.63	9,515	1.3	21.6	11.7	-20	1.3	Jun 20
NZYM-B.CO	Novozymes A/S	1.63	17,850	8.6	99	30	-2	1.0	Sep 20
ALB	Albemarle Corp.	1.51	10,223	4.1	49.3	24.8	-7	1.3	Jun 20
IOSP	Innospec Inc.	1.49	1,683	1.5	27.2	22.6	-20	1.2	Jun 20
011170.KS	Lotte Chemical Corporation	1.44	7,548	0.3	30.2	34.6	-22	0.5	Jun 20
GRA	Wr Grace And Co.	1.43	3,257	3.4	23.1	19.1	-13	1.4	Jun 20
ASH	Ashland Inc	1.27	4,734	2.6	13.9	16.7	3	1.4	Jun 20
5301	Tokai Carbon Co Ltd	1.22	2,701	0.9	99	14.1	-28	1.5	Jun 20
IMCD.AS	IMCD N.V	1.19	6,473	2.6	68.1	30.4	5	1.1	Jun 20
FUL	Hb Fuller Co.	1.17	2,523	1.7	15.6	14.6	-6	1.7	Aug 20
SCL	Stepan Co.	1.17	2,674	1.6	18.5	11.0	-4	0.9	Jun 20
3405	Kuraray Co.,ltd.	1.16	3,483	0.5	7.5	12.6	-9	1.2	Jun 20
CBT	Cabot Corp.	1.14	2,403	1.3	34.2	20.8	-19	1.6	Jun 20
LYB	Lyondellbasell Industries Nv	1.10	28,478	1.5	15.2	19.1	-24	1.4	Jun 20
IFF	International Flavors And Frag	1.08	11,797	3.3	25.8	19.7	-2	0.9	Jun 20
KRO	Kronos Worldwide Inc.	1.07	1,616	1.6	13.9	19.7	-12	1.4	Jun 20
SQM	Chemical & Mining Co. Of Chile	1.07	9,812	6.9	37.3	30	-13	0.7	Jun 20
NEU	Newmarket Corp.	1.06	4,034	2.9	23.5	19.6	-25	0.7	Jun 20
CRDA.L	Croda International Plc	1.04	10,531	8.5	40.6	30	-4	0.7	Jun 20
VCT.L	Victrex Plc	1.03	2,199	7.2	19.5	30	3	1.0	Mar 20
CMP	Compass Minerals International	1.02	2,083	2.3	10.9	12.4	4	1.6	Jun 20
LIN	Linde plc	1.02	125,845	5.1	99	19.3	-2	0.7	Jun 20
FOE	Ferro Corp	1.01	1,136	2.3	13.9	18.1	-11	1.7	Jun 20
OMN	Omnova Solutions Inc.	1.00	433	1.1	10.1	24.9	-3	1.9	Feb 19
NZYMB.CO	Novozymes A/S	0.96	17,271	8.1	99	30	5	1.1	Mar 20
PPG	Ppg Industries Inc	0.89	31,701	2.9	26.2	17.7	-12	1.1	Sep 20
BCPC	Balchem Corp.	0.87	3,388	5.3	49.3	24.7	7	0.7	Jun 20
JMAT.L	Johnson Matthey Plc	0.76	6,006	0.8	23.8	30	-17	1.5	Mar 19
ORI.AX	Orica Ltd	0.76	4,336	1.1	16	14.8	5	1.0	Mar 20
SXT	Sensient Technologies Corp.	0.76	2,974	2.7	15.3	13.0	0	1.0	Sep 20
ELM.L	Elementis PLC	0.74	576	1.4	2	30	-5	2.0	Jun 20
EVK.DE	EVONIK INDUSTRIES AG	0.74	12,268	1.8	13.4	12.1	-10	1.0	Jun 20
CC	Chemours Co	0.73	3,587	1.8	14.9	15.5	-21	2.2	Jun 20
RPM	Rpm International Inc	0.67	11,758	2.5	37.0	23.4	3	1.1	Aug 20
ESI	Element Solutions Inc	0.60	3,361	3.0	12.5	16.1	-9	1.8	Jun 20
BAK	Braskem S.a.	0.48	7,191	0.8	4.3	4.2	14	0.6	Mar 19