Braskem S.A. (BAK) vs Valhi, Inc. (VHI)

Braskem S.A. and Valhi, Inc. are both Chemicals companies. Valhi, Inc. is the larger, with a market value of $454.6M against $272.2M — 1.7× the size. Valhi, Inc. grew revenue faster over the last twelve months: 2.10% against −32.6%. Valhi, Inc. has the higher net margin (−2.30% vs −17.2%) and the higher return on invested capital (0.95% vs −2,286.9%). Both pay a dividend; Valhi, Inc. yields more (2.33% vs 0.37%). Across the 19 metrics below, Valhi, Inc. leads on 13 and Braskem S.A. on 6.

Valuation

Metric BAK VHI Chemicals median
P/E n/m n/m —
P/S 0.07 0.21 0.44
P/B n/m 0.33 1.13
Price to free cash flow n/m 6.77 7.30
EV/EBITDA 7.52 8.63 9.48
EV/Sales 0.07 0.37 0.86
Earnings yield (157.79%) (11.19%) (10.53%)
Free cash flow yield (98.70%) 14.77% 4.86%

Profitability

Metric BAK VHI Chemicals median
Gross margin 2.19% 16.72% 16.03%
Operating margin (3.57%) 1.22% (0.82%)
Net margin (17.15%) (2.30%) (3.05%)
Free cash flow margin (6.74%) 3.13% 1.50%
Return on equity 542.49% (3.61%) (5.24%)
Return on assets (19.43%) (1.91%) (2.51%)
Return on invested capital (2,286.92%) 0.95% (0.75%)

Growth

Metric BAK VHI Chemicals median
Revenue growth (TTM) (32.61%) 2.10% 2.53%
EPS growth (last fiscal year) 15.75% (153.30%) —
Revenue growth, 5-year CAGR 2.20% 2.61% 2.20%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BAK VHI Chemicals median
Debt to equity (4.91) 0.42 0.71
Current ratio 0.77 3.37 1.99
Net debt to EBITDA 19.18 4.82 3.49

Dividend

Metric BAK VHI Chemicals median
Dividend yield 0.37% 2.33% 2.33%
Payout ratio 0.00 1.33 0.00

Size

Metric BAK VHI Chemicals median
Market cap 272.24m 454.56m 643.59m

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