Albemarle $ALB is a chemical company with a leading position i | 🚀 Robin Rocket

Albemarle $ALB is a chemical company with a leading position in the production of lithium, bromine and catalysts for the refinery and battery industry.

The company has published strong financials for the second quarter of 2021. Sales revenue increased by 1% and EBITDA by 5%. Adjusted earnings of $ 0.89 per share (up $ 0.06).

Target price from Argus Research - $278, upside potential +21%

Theses in favor of the company's growth:

• High demand for lithium due to the switch to electric vehicles. The US Infrastructure Bill mandates that 50% of all cars sold should be electric by 2030.

• By 2025, the company plans to double production from its Silver Peak field in Nevada.

• Albemarle raised its forecasts for net sales and EPS.

Fundamental indicators:
• Market capitalization = $28 billion
• fwd P/E = 46x
• fwd P/E sectors = 13x
• PEG = 1.5x

Not an investment recommendation.