Report
Rob Hales, CFA
EUR 101.80 For Business Accounts Only

Arkema Reports 4Q In Line With Expectations; Shares Overvalued

No-moat Arkema reported results in line with our expectations for the fourth quarter. Fourth-quarter EBITDA of EUR 293 million was up 17% over the prior-year period, with positive results in all segments. For full-year 2017, Arkema beat all of the medium-term targets set at its 2015 capital markets day, which is supportive of management credibility. For 2018, Arkema expects to increase EBITDA despite currency headwinds and rising raw material costs. Our current forecast calls for a low-single-di...
Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Rob Hales, CFA

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