Solvay Less is more
Today marks the first listing day of the new Solvay. Solvay is now a fairly resilient base chemicals group with leading market and technology positions in the vast majority of its businesses. Solvay will be run in a conservative financial manner with dividend pay-out as a key priority. We do not exclude some volatile trading in the next few days as some shareholders might be mainly interested to remain invested in the demerged Syensqo. Solvay's valuation looks very compelling with a particularly attractive dividend yield (of 8.4% when splitting Syensqo's technical reference price from the closing share price of last Friday). We maintain our BUY rating also on the new Solvay with a target price set at € 40.Solvay is engaged in chemical and plastic businesses worldwide. Co. offers chemical products such as advanced materials, barium strontium, calcium chloride, caustic soda, chlorinated products, fluor, peroxygen products, polyglycerols, precipitated calcium carbonate, soda ash, and sodium bicarbonate. It also provides specialty polymers, such as Spire ultra polymers, Solviva biomaterials, and sulfone polymers. Co. structures its activities around five operating segments: Advanced Formulations, Advanced Materials, Performance Chemicals, Functional Polymers and Corporate & Business Services, each with its own specific business model and each comprised of Global Business Units (GBUs).
We are a financial services provider for several types of professional clients, each with distinct needs.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.