Financials Axalta Coating Systems Ltd.

Equities

AXTA

BMG0750C1082

Commodity Chemicals

Market Closed - Nyse 04:00:02 2024-05-31 pm EDT 5-day change 1st Jan Change
35.59 USD +2.71% Intraday chart for Axalta Coating Systems Ltd. +1.25% +4.77%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 7,133 6,723 7,563 5,619 7,476 7,853 - -
Enterprise Value (EV) 1 9,950 9,255 10,552 8,678 10,280 10,405 10,172 10,062
P/E ratio 28.7 x 54.9 x 29.1 x 29.6 x 28.1 x 21.3 x 16.2 x 16.7 x
Yield - - - - - 0.23% 0.34% 0.42%
Capitalization / Revenue 1.59 x 1.8 x 1.71 x 1.15 x 1.44 x 1.48 x 1.42 x 1.37 x
EV / Revenue 2.22 x 2.48 x 2.39 x 1.78 x 1.98 x 1.96 x 1.84 x 1.75 x
EV / EBITDA 10.6 x 12.2 x 12.4 x 10.7 x 10.8 x 9.76 x 9.02 x 8.39 x
EV / FCF 21.6 x 21.7 x 24.1 x 60.7 x 23.5 x 23.9 x 21.3 x 19.6 x
FCF Yield 4.63% 4.62% 4.14% 1.65% 4.25% 4.18% 4.69% 5.11%
Price to Book 5.27 x 4.69 x 5.04 x 3.87 x 4.33 x 3.84 x 3.38 x 3.14 x
Nbr of stocks (in thousands) 234,650 235,477 228,351 220,609 220,083 220,646 - -
Reference price 2 30.40 28.55 33.12 25.47 33.97 35.59 35.59 35.59
Announcement Date 1/30/20 2/17/21 1/31/22 1/25/23 2/8/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,482 3,738 4,416 4,884 5,184 5,319 5,517 5,744
EBITDA 1 938.9 760.1 847.8 810.8 951.4 1,066 1,128 1,199
EBIT 1 706 536.9 623.2 565.3 673.7 785.4 845.3 914.9
Operating Margin 15.75% 14.36% 14.11% 11.57% 13% 14.77% 15.32% 15.93%
Earnings before Tax (EBT) 1 330 122.2 340.5 257.3 354.7 503.4 631 -
Net income 1 249 121.6 263.9 191.6 267.4 364.1 468.9 470.7
Net margin 5.56% 3.25% 5.98% 3.92% 5.16% 6.85% 8.5% 8.2%
EPS 2 1.060 0.5200 1.140 0.8600 1.210 1.672 2.200 2.128
Free Cash Flow 1 460.6 427.2 437 142.9 437.4 435.4 477.1 513.7
FCF margin 10.28% 11.43% 9.9% 2.93% 8.44% 8.19% 8.65% 8.94%
FCF Conversion (EBITDA) 49.06% 56.2% 51.55% 17.62% 45.97% 40.84% 42.29% 42.82%
FCF Conversion (Net income) 184.98% 351.32% 165.59% 74.58% 163.58% 119.58% 101.75% 109.12%
Dividend per Share 2 - - - - - 0.0833 0.1200 0.1500
Announcement Date 1/30/20 2/17/21 1/31/22 1/25/23 2/8/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 1,137 1,174 1,235 1,239 1,237 1,284 1,294 1,309 1,297 1,294 1,342 1,346 1,341 1,345 1,391
EBITDA 1 180.4 179.6 212.7 210.3 208.2 213.1 226.9 260.5 250.9 259 275.4 273.2 262.7 272.4 291.6
EBIT 1 121 119.5 150.6 148 147.2 149.3 154.5 187.8 182.1 190 204.4 202.1 193.3 203.7 223.7
Operating Margin 10.64% 10.18% 12.2% 11.95% 11.9% 11.63% 11.94% 14.35% 14.04% 14.68% 15.23% 15.02% 14.41% 15.15% 16.08%
Earnings before Tax (EBT) 1 62.6 51.9 62.9 85.1 57.4 75.8 74.5 102.6 101.8 59 153 149 137 - -
Net income 1 53.2 41.5 44.1 62.4 43.6 60.5 60.9 72.9 73.1 41 108.5 105 97 - -
Net margin 4.68% 3.53% 3.57% 5.04% 3.53% 4.71% 4.71% 5.57% 5.63% 3.17% 8.08% 7.8% 7.23% - -
EPS 2 0.2300 0.1800 0.2000 0.2800 0.2000 0.2700 0.2700 0.3300 0.3300 0.1800 0.4996 0.5051 0.4704 - -
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 1/31/22 4/25/22 7/26/22 10/25/22 1/25/23 5/2/23 8/1/23 11/1/23 2/8/24 5/1/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,817 2,532 2,989 3,059 2,804 2,552 2,320 2,209
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3 x 3.331 x 3.526 x 3.773 x 2.947 x 2.394 x 2.056 x 1.842 x
Free Cash Flow 1 461 427 437 143 437 435 477 514
ROE (net income / shareholders' equity) 33.2% 22.6% 26.5% 22.4% 21.9% 23.4% 23.2% 28.2%
ROA (Net income/ Total Assets) 6.29% 4.51% 5.38% 4.62% 4.86% 6.12% 6.9% 11.3%
Assets 1 3,958 2,697 4,901 4,148 5,504 5,954 6,797 4,168
Book Value Per Share 2 5.770 6.090 6.570 6.590 7.850 9.280 10.50 11.30
Cash Flow per Share 2 2.430 2.160 2.410 1.320 2.590 2.670 2.970 3.290
Capex 1 113 82.1 122 151 138 165 169 172
Capex / Sales 2.51% 2.2% 2.75% 3.09% 2.66% 3.09% 3.06% 2.99%
Announcement Date 1/30/20 2/17/21 1/31/22 1/25/23 2/8/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
19
Last Close Price
35.59 USD
Average target price
40.06 USD
Spread / Average Target
+12.55%
Consensus
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