Higher EV adoption should drive strong lithium growth for narrow-moat Albemarle.
Albemarle reported solid fourth-quarter results, as growth in all segments boosted companywide adjusted EBITDA 31% year on year to $246 million. Albemarle shares fell over 9% to $100 by market close as the company guided to flat lithium EBITDA margins in 2018 in addition to ongoing market concerns that lithium prices will fall over the next few years. With no changes to our long-term outlook, we’re maintaining our $120 per share fair value estimate and narrow moat rating. At its current trading ...Albemarle is a global developer, manufacturer and marketer of chemicals across a range of end markets including energy storage, petroleum refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals, crop protection and custom chemistry services. The company's segments include: Lithium, which develops and manufactures a range of basic lithium compounds and lithium specialties and reagents; Bromine Specialties, which includes products used in fire safety solutions and other chemicals applications; and Catalysts, which includes Clean Fuels Technologies, fluidized catalytic cracking catalysts and additives, and performance catalyst solutions.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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