Elementis endured a tough 2015 as oilfield weakness, volatile trading patterns in China and currency headwinds contributed to a 16% earnings decline. Despite this, the Group is in excellent financial shape and medium term growth prospects are undimmed. Specialties is showing encouraging signs of stability at the start of 2016 and Chromium, despite pricing pressures overseas, has a solid outlook in the US (60% of divisional sales). The current year rating of 16x P/E looks good value given earning ....
18 Apr 2016
A high quality, high yielding long term growth story
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A high quality, high yielding long term growth story
Elementis plc (ELM:LON) | 135 -3.8 (-2.0%) | Mkt Cap: 791.8m
- Published:
18 Apr 2016 -
Author:
N+1 Singer Team -
Pages:
4
Elementis endured a tough 2015 as oilfield weakness, volatile trading patterns in China and currency headwinds contributed to a 16% earnings decline. Despite this, the Group is in excellent financial shape and medium term growth prospects are undimmed. Specialties is showing encouraging signs of stability at the start of 2016 and Chromium, despite pricing pressures overseas, has a solid outlook in the US (60% of divisional sales). The current year rating of 16x P/E looks good value given earning ....