We anticipate a positive year for Elementis in 2018. This is the first year to benefit fully from SummitReheis, last year’s transformational acquisition. Meanwhile macroeconomic and peer group-specific indicators look positive. PPG last week reporting their strongest quarterly volume growth for three years. In our view, recent strategic progress is not yet reflected in the share price, which lagged the peer group last year. We continue to see intrinsic value in excess of 330p (14x FY18 EV/EBITDA ....
22 Jan 2018
Strategic progress not yet reflected in share price
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Strategic progress not yet reflected in share price
Elementis plc (ELM:LON) | 145 0.3 0.1% | Mkt Cap: 850.0m
- Published:
22 Jan 2018 -
Author:
James Tetley -
Pages:
3
We anticipate a positive year for Elementis in 2018. This is the first year to benefit fully from SummitReheis, last year’s transformational acquisition. Meanwhile macroeconomic and peer group-specific indicators look positive. PPG last week reporting their strongest quarterly volume growth for three years. In our view, recent strategic progress is not yet reflected in the share price, which lagged the peer group last year. We continue to see intrinsic value in excess of 330p (14x FY18 EV/EBITDA ....