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Global Green Energy Report

Albemarle Corporation

Sep 20, 2023

ALB:NYSE
Investment Type
Large-cap
Risk Level
Action
Rec. Price (US$)

1.1: Company Overview: Albemarle Corporation (NYSE: ALB) is a manufacturer, marketer, and developer of specialty chemicals. The company's energy storage segment continued to more efficient use of renewable energy via grid storage and energy storage for electric vehicles. The specialties segment is involved in the reduction of emissions from rubber tires, fire prevention for electronic equipment, and reduction for emissions from coal-fired power plants. Kalkine’s Global Green Energy Report covers the Investment Highlights, Management Insights, Key Financial Metrics, Risks, Technical Analysis along with the Valuation, Target Price, and Recommendation on the stock.

The top 10 shareholders together form ~36.51% of the total shareholding. The Vanguard Group, Inc. and BlackRock Institutional Trust Company, N.A. are holding maximum stakes in the company at ~11.92% and ~4.76%, respectively.

In 2QFY23, the net sales increased by nearly 60% PcP, primarily driven by favourable price and volume mix in the Energy Storage segment. Total debt as of 30 June 2023 stood at USD 3.5bn, representing ALB’s debt covenant net debt to adjusted EBITDA of nearly 0.4x. Below is captured other metrics showing the quarterly trend of net sales and fixed asset turnover ratio since 2QFY22:



The stock price dipped by ~1.85% in last 1 month and over the last 6 months, stock prices went down by ~19.26%. The stock has a 52-week low and 52-week high of USD 171.82 and USD 334.55, respectively, and is currently trading below the mid-range of the 52-week-high-low levels. ALB was last covered in a report dated ’16 August 2023’.


Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is neither an indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 19 September 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.


Disclaimer-

Kalkine Equities LLC provides general information about companies and their securities. The information contained in the reports, including any recommendations regarding the value of or transactions in any securities, does not take into account any of your investment objectives, financial situation or needs. Kalkine Equities LLC is not registered as an investment adviser in the U.S. with either the federal or state government. Before you make a decision about whether to invest in any securities, you should take into account your own objectives, financial situation and needs and seek independent financial advice. All information in our reports represents our views as at the date of publication and may change without notice.

Kalkine Media LLC, an affiliate of Kalkine Equities LLC, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.