AdvanSix (ASIX)
Market Price (7/13/2026): $20.26 | Market Cap: $546.6 MilSector: Materials | Industry: Commodity Chemicals
AdvanSix (ASIX)
Market Price (7/13/2026): $20.26Market Cap: $546.6 MilSector: MaterialsIndustry: Commodity Chemicals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.0%, Dividend Yield is 3.1% Low stock price volatilityVol 12M is 50% Megatrend and thematic driversMegatrends include Advanced Materials, and Circular Economy & Recycling. Themes include Specialty Chemicals for Performance, Sustainable Packaging Materials, Show more. | Weak multi-year price returns2Y Excs Rtn is -35%, 3Y Excs Rtn is -107% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 75% Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 39x, P/EPrice/Earnings or Price/(Net Income) is 53x Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.3% Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.4% Key risksASIX key risks include [1] heightened vulnerability to industry cyclicality due to its smaller scale and [2] unplanned operational disruptions at its vertically integrated manufacturing sites. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.0%, Dividend Yield is 3.1% |
| Low stock price volatilityVol 12M is 50% |
| Megatrend and thematic driversMegatrends include Advanced Materials, and Circular Economy & Recycling. Themes include Specialty Chemicals for Performance, Sustainable Packaging Materials, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -35%, 3Y Excs Rtn is -107% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 75% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 39x, P/EPrice/Earnings or Price/(Net Income) is 53x |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.3% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.4% |
| Key risksASIX key risks include [1] heightened vulnerability to industry cyclicality due to its smaller scale and [2] unplanned operational disruptions at its vertically integrated manufacturing sites. |
Qualitative Assessment
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AdvanSix (ASIX) stock has lost about 15% since 3/31/2026 because of the following key factors:
1. AdvanSix reported a significant net loss and a decline in adjusted EBITDA for fiscal Q1 2026. The company announced a net loss of US$15.5 million for the quarter ending March 31, 2026, a 167% decrease from a profit in the prior year's comparable quarter, missing analyst earnings per share (EPS) estimates by 1.8% with a reported loss of US$0.58 per share. This was primarily driven by an approximate US$47 million reduction in adjusted EBITDA, attributed to the absence of prior-year insurance proceeds, elevated sulfur and natural gas costs, utility expenses, and about US$11 million in impacts from winter storms.
2. Persistent subdued demand in industrial end markets and overcapacity in the broader chemical sector weighed on performance. AdvanSix noted "continued subdued industrial end market demand" as a headwind in its fiscal Q1 2026 report. This aligns with the broader chemical industry facing challenges in 2026, including persistent overcapacity in basic chemicals and soft demand across key end markets such as construction, automotive, and consumer goods, which continued to pressure operating rates and profit margins.
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AdvanSix (ASIX) stock has lost about 15% since 3/31/2026 because of the following key factors:
1. AdvanSix reported a significant net loss and a decline in adjusted EBITDA for fiscal Q1 2026. The company announced a net loss of US$15.5 million for the quarter ending March 31, 2026, a 167% decrease from a profit in the prior year's comparable quarter, missing analyst earnings per share (EPS) estimates by 1.8% with a reported loss of US$0.58 per share. This was primarily driven by an approximate US$47 million reduction in adjusted EBITDA, attributed to the absence of prior-year insurance proceeds, elevated sulfur and natural gas costs, utility expenses, and about US$11 million in impacts from winter storms.
2. Persistent subdued demand in industrial end markets and overcapacity in the broader chemical sector weighed on performance. AdvanSix noted "continued subdued industrial end market demand" as a headwind in its fiscal Q1 2026 report. This aligns with the broader chemical industry facing challenges in 2026, including persistent overcapacity in basic chemicals and soft demand across key end markets such as construction, automotive, and consumer goods, which continued to pressure operating rates and profit margins.
3. Increased input costs exacerbated by geopolitical tensions impacted margins. The company's margins in fiscal Q1 2026 were affected by "increased sulfur and natural gas costs". This issue was compounded by broader macroeconomic factors in fiscal Q2 2026, including a new conflict in the Middle East which caused oil prices to spike, contributing to higher energy and raw material costs across the chemical industry.
4. Analyst outlooks were cautious, with some reducing price targets due to a weaker earnings outlook. Analyst sentiment for AdvanSix maintained a "Hold" consensus rating. A "reduction in earnings outlook through 2026" led to a decrease in strategic price targets for the company's shares, reflecting a cautious financial outlook. The average 12-month price target from analysts ranged from approximately $22.50 to $23.50, with one analyst lowering their price target by 25.00% to $21.42.
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Stock Movement Drivers
Fundamental Drivers
The -16.3% change in ASIX stock from 3/31/2026 to 7/12/2026 was primarily driven by a -79.3% change in the company's Net Income Margin (%).| (LTM values as of) | 3312026 | 7122026 | Change |
|---|---|---|---|
| Stock Price ($) | 24.22 | 20.28 | -16.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,522 | 1,549 | 1.7% |
| Net Income Margin (%) | 3.2% | 0.7% | -79.3% |
| P/E Multiple | 13.2 | 52.6 | 297.5% |
| Shares Outstanding (Mil) | 27 | 27 | -0.1% |
| Cumulative Contribution | -16.3% |
Market Drivers
3/31/2026 to 7/12/2026| Return | Correlation | |
|---|---|---|
| ASIX | -16.3% | |
| Market (SPY) | 16.1% | -10.8% |
| Sector (XLB) | 1.8% | 25.4% |
Fundamental Drivers
The 19.1% change in ASIX stock from 12/31/2025 to 7/12/2026 was primarily driven by a 501.6% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 7122026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.03 | 20.28 | 19.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,491 | 1,549 | 3.8% |
| Net Income Margin (%) | 3.5% | 0.7% | -80.9% |
| P/E Multiple | 8.7 | 52.6 | 501.6% |
| Shares Outstanding (Mil) | 27 | 27 | -0.2% |
| Cumulative Contribution | 19.1% |
Market Drivers
12/31/2025 to 7/12/2026| Return | Correlation | |
|---|---|---|
| ASIX | 19.1% | |
| Market (SPY) | 11.0% | -0.3% |
| Sector (XLB) | 12.7% | 31.9% |
Fundamental Drivers
The -11.5% change in ASIX stock from 6/30/2025 to 7/12/2026 was primarily driven by a -87.7% change in the company's Net Income Margin (%).| (LTM values as of) | 6302025 | 7122026 | Change |
|---|---|---|---|
| Stock Price ($) | 22.92 | 20.28 | -11.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,559 | 1,549 | -0.6% |
| Net Income Margin (%) | 5.4% | 0.7% | -87.7% |
| P/E Multiple | 7.2 | 52.6 | 626.3% |
| Shares Outstanding (Mil) | 27 | 27 | -0.5% |
| Cumulative Contribution | -11.5% |
Market Drivers
6/30/2025 to 7/12/2026| Return | Correlation | |
|---|---|---|
| ASIX | -11.5% | |
| Market (SPY) | 23.2% | 11.4% |
| Sector (XLB) | 17.6% | 38.3% |
Fundamental Drivers
The -37.1% change in ASIX stock from 6/30/2023 to 7/12/2026 was primarily driven by a -91.3% change in the company's Net Income Margin (%).| (LTM values as of) | 6302023 | 7122026 | Change |
|---|---|---|---|
| Stock Price ($) | 32.22 | 20.28 | -37.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,867 | 1,549 | -17.1% |
| Net Income Margin (%) | 7.7% | 0.7% | -91.3% |
| P/E Multiple | 6.2 | 52.6 | 750.8% |
| Shares Outstanding (Mil) | 28 | 27 | 2.3% |
| Cumulative Contribution | -37.1% |
Market Drivers
6/30/2023 to 7/12/2026| Return | Correlation | |
|---|---|---|
| ASIX | -37.1% | |
| Market (SPY) | 76.3% | 31.6% |
| Sector (XLB) | 29.6% | 50.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ASIX Return | 137% | -18% | -20% | -3% | -37% | 17% | 11% |
| Peers Return | 44% | -4% | 2% | -14% | -11% | 27% | 37% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| ASIX Win Rate | 75% | 42% | 33% | 50% | 42% | 57% | |
| Peers Win Rate | 63% | 48% | 40% | 45% | 43% | 63% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 57% | |
Max Drawdowns [4] | |||||||
| ASIX Max Drawdown | -16% | -45% | -45% | -29% | -54% | -26% | |
| Peers Max Drawdown | -21% | -38% | -30% | -29% | -37% | -29% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CC, CF, NTR, EMN, DOW.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/10/2026 (YTD)
How Low Can It Go
| Event | ASIX | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -56.4% | -33.7% |
| % Gain to Breakeven | 129.6% | 50.9% |
| Time to Breakeven | 267 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -31.9% | -19.2% |
| % Gain to Breakeven | 46.9% | 23.8% |
| Time to Breakeven | 57 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -18.4% | -3.7% |
| % Gain to Breakeven | 22.5% | 3.9% |
| Time to Breakeven | 43 days | 6 days |
In The Past
AdvanSix's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.
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| Event | ASIX | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -56.4% | -33.7% |
| % Gain to Breakeven | 129.6% | 50.9% |
| Time to Breakeven | 267 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -31.9% | -19.2% |
| % Gain to Breakeven | 46.9% | 23.8% |
| Time to Breakeven | 57 days | 105 days |
In The Past
AdvanSix's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About AdvanSix (ASIX)
AdvanSix Inc. is a chemical company that manufactures and sells a range of polymer resins and intermediate chemicals primarily in the United States and internationally. A core product is Nylon 6, a versatile polymer resin widely used in the production of synthetic materials such as fibers, filaments, engineered plastics, and films for various industrial applications.
Beyond Nylon 6, the company produces caprolactam, which is a key chemical building block for manufacturing polymer resins. AdvanSix also supplies ammonium sulfate fertilizers to agricultural distributors, farm cooperatives, and retailers. Additionally, it provides acetone, a solvent critical for manufacturing adhesives, paints, coatings, and herbicides, along with a portfolio of other intermediate chemicals including phenol, alpha-methyl styrene, and cyclohexanone, serving diverse industrial needs.
The primary customers and markets for AdvanSix's products are broad, spanning across industries that utilize engineered plastics, textiles, and films for its Nylon 6 offerings. Its agricultural products are directed towards the farming sector, while acetone and other intermediate chemicals cater to manufacturers requiring specialized solvents, coatings, and chemical components. The company sells its products both directly and through various distributors.
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- Like a focused Dow Chemical or BASF, providing essential chemical building blocks for plastics, fertilizers, and other industrial products.
- A key supplier of 'ingredient' chemicals, making foundational materials like Nylon 6 for plastics and fibers, and fertilizers for agriculture, similar to a diversified specialty chemicals arm of DuPont.
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- Nylon 6: A polymer resin used to produce fibers, filaments, engineered plastics, and films.
- Caprolactam: A chemical primarily used in the manufacturing of polymer resins.
- Ammonium Sulfate Fertilizers: Fertilizers distributed to farm cooperatives, retailers, and other distributors.
- Acetone: A chemical used in the production of adhesives, paints, coatings, solvents, herbicides, and engineered plastic resins.
- Other Intermediate Chemicals: Includes chemicals such as phenol, alpha-methyl styrene, cyclohexanone, sulfuric acid, ammonia, and carbon dioxide for various industrial applications.
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Erin N. Kane, President and Chief Executive Officer
Erin N. Kane was appointed President and Chief Executive Officer of AdvanSix in October 2016, leading the company's spin-off from Honeywell International Inc. into an independent, publicly traded entity. Prior to her current role, she spent over a decade in various leadership positions at Honeywell, including Vice President and General Manager of Honeywell Resins and Chemicals. Her career began in process engineering and Six Sigma at Kvaerner Process and Elementis Specialties. Ms. Kane also serves on the Boards of Directors of The Chemours Company and the American Chemistry Council.
Christopher Gramm, Interim Chief Financial Officer
Christopher Gramm currently serves as the Interim Chief Financial Officer of AdvanSix, a role he assumed on July 9, 2025. He previously held the position of Vice President, Financial Planning and Analysis at AdvanSix since March 2025, and prior to that, was Vice President, Controller since the company's spin-off in October 2016. Before joining AdvanSix, Mr. Gramm accumulated extensive financial leadership experience at Honeywell International Inc., including roles as Vice President and Controller for the aerospace division and Vice President of finance for the integrated supply chain in the aerospace division. He started his career at Honeywell in 1997 and also worked as a manager at Corning Life Sciences.
Achilles Kintiroglou, Senior Vice President and General Counsel
Achilles Kintiroglou is the Senior Vice President and General Counsel at AdvanSix Inc.
Kelly Slieter, Chief Human Resources Officer
Kelly Slieter holds the position of Chief Human Resources Officer at AdvanSix.
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Raw Material Price Volatility and Supply Chain Disruptions: AdvanSix's profitability is highly sensitive to the fluctuating costs of key raw materials such as cumene, natural gas, sulfur, benzene, and propylene. The company's inability to effectively manage or offset these material price increases through customer pricing, long-term contracts, or hedging strategies could significantly hurt its business, financial condition, and operational results. Additionally, general supply chain disruptions could impact the business.
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Market Cyclicality, Intense Competition, and Evolving Demand: Operating within the highly competitive and cyclical chemical manufacturing industry, AdvanSix faces consistent pricing pressure from global conglomerates and specialized producers. The company's market position is also challenged by shifts in end-market demand, such as the automotive industry's move toward electrification and lightweighting, which is projected to decrease nylon demand. Furthermore, the emergence of bio-based and recycled nylon alternatives poses a long-term substitution risk to its traditional nylon 6 market.
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Extensive Environmental, Health, and Safety (EHS) Regulations and Compliance Costs: AdvanSix is subject to stringent and evolving environmental, health, and safety laws and regulations, particularly concerning emissions, chemical handling (like benzene), hazardous waste, sustainability, global warming, and climate change. Compliance with these regulations can lead to substantial and often unanticipated operating costs and liabilities, potentially impacting the company's financial performance and capital allocation.
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The increasing global demand for sustainable, bio-based, and recycled materials and chemicals poses a clear emerging threat to AdvanSix. As industries, consumers, and regulators increasingly prioritize environmental impact, there is growing pressure to shift away from conventional synthetic polymers like Nylon 6 and caprolactam, which are typically derived from fossil fuels, towards more environmentally friendly alternatives. Similarly, the agricultural sector is seeing a push towards sustainable practices that could reduce reliance on traditional synthetic fertilizers like ammonium sulfate. This broad market and regulatory shift could lead to a significant decline in demand for AdvanSix's core product portfolio if they do not adequately adapt by offering competitive sustainable alternatives.
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AdvanSix (ASIX) operates in several addressable markets for its main products:
- Nylon 6: The global Nylon 6 market size was valued at approximately USD 16.56 billion in 2024 and is projected to reach USD 28.46 billion by 2034, growing at a compound annual growth rate (CAGR) of 5.57% from 2025 to 2034. In North America, the Nylon 6 market is expected to reach USD 4,333.2 million by 2030, with a CAGR of 5.8% from 2024 to 2030.
- Caprolactam: The global caprolactam market size was valued at USD 17.16 billion in 2025 and is projected to grow to USD 27.02 billion by 2034, exhibiting a CAGR of 5.17% during the forecast period. Another source states the global caprolactam market size was valued at USD 15.21 billion in 2024 and is poised to grow to USD 20.76 billion by 2033, growing at a CAGR of 3.52% from 2026–2033.
- Ammonium Sulfate Fertilizers: The global ammonium sulfate market size was valued at USD 8.97 billion in 2025 and is projected to reach USD 14.46 billion by 2034, growing at a CAGR of 5.50% from 2026 to 2034. The U.S. ammonium sulfate market is projected to reach USD 2.29 billion by 2032.
- Acetone: The global acetone market size was estimated at USD 6,464.82 million in 2024 and is projected to reach USD 10.23 billion by 2030, growing at a CAGR of 8.1% from 2025 to 2030. The U.S. acetone market generated a revenue of USD 942.5 million in 2023 and is expected to reach USD 1,509.8 million by 2030, with a CAGR of 7% from 2024 to 2030.
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Expected Drivers of Future Revenue Growth for AdvanSix (ASIX)
AdvanSix Inc. (ASIX) is anticipated to experience revenue growth over the next 2-3 years driven by several strategic initiatives and favorable market dynamics across its diverse product portfolio.- Continued Strength and Expansion in Plant Nutrients: AdvanSix expects ongoing robust demand and favorable supply-demand fundamentals for its ammonium sulfate fertilizers. The company anticipates sulfur nutrition demand to grow by approximately 3% to 4% annually. Furthermore, the "SUSTAIN" growth program is projected to enhance production capabilities, supporting an increase in granular conversion to around 75% by the end of 2026, which should drive improved volume and product mix.
- Recovery and Improved Supply/Demand in the Nylon Market: While the nylon segment has faced challenging conditions, AdvanSix is observing industry trends such as capacity rationalization and lower operating rates, particularly in China. These developments are expected to lead to more favorable supply and demand dynamics in the future, suggesting a potential recovery from the current market trough.
- Strategic Expansion into Specialty Products and New End Markets: The company is focused on diversifying its product offerings by increasing the proportion of specialized products, targeting over 25% of revenue by 2026 (up from approximately 15% in the early 2020s). This includes commercial sales into the battery and electronics sectors, which began by early 2025, and scaling up high-performance nylon resins for higher-margin automotive applications.
- Geographic Export Growth for Ammonium Sulfate: AdvanSix is actively expanding its market reach for ammonium sulfate by increasing shipments to new geographic regions, including South America and Southeast Asia, to capitalize on fertilizer demand in these markets.
- Enhanced Operational Efficiency and Debottlenecking Initiatives: Through focused capital expenditure strategies and initiatives like debottlenecking, AdvanSix aims to increase throughput and optimize production output. The company anticipates achieving a production capability of 72% granular conversion by the end of 2025, which directly contributes to higher potential sales volumes.
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Share Repurchases
- AdvanSix returned $63 million of cash to shareholders through repurchases and dividends in 2023.
- The company's buyback yield peaked in December 2023 at 5.6% and averaged 2.0% for fiscal years ending December 2020 to 2024.
Share Issuance
- No specific dollar amount of shares issued was found in the provided information.
Inbound Investments
- AdvanSix received a $12 million grant from the USDA for its SUSTAIN program.
- The company is positioned to monetize 45Q carbon capture tax credits, with approximately $20 million claimed for 2018-2020 and an estimated future opportunity of $80-$100 million, which could keep its cash tax rate below 10% through 2027.
- No large inbound investments by third-parties such as strategic partners or private equity firms were identified.
Outbound Investments
- In February 2022, AdvanSix completed the acquisition of U.S. Amines, thereby expanding its alkyl and allyl amine chemistry value chains.
Capital Expenditures
- Capital expenditures for 2026 are projected to be between $75 million and $95 million, a reduction from approximately $116 million in 2025.
- The primary focus of capital expenditures includes maintenance, operational excellence, high-return growth projects, and the SUSTAIN program aimed at expanding granular ammonium sulfate production.
- Capital expenditures were anticipated to be between $135 million to $140 million for the full year 2024, with reported figures of $35 million in Q1 2024 and $33 million in Q2 2024.
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 47.23 |
| Mkt Cap | 12.9 |
| Rev LTM | 8,023 |
| Op Inc LTM | 479 |
| FCF LTM | 326 |
| FCF 3Y Avg | 545 |
| CFO LTM | 1,532 |
| CFO 3Y Avg | 1,804 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -0.0% |
| Rev Chg 3Y Avg | -6.0% |
| Rev Chg Q | 4.0% |
| QoQ Delta Rev Chg LTM | 1.0% |
| Op Inc Chg LTM | -65.4% |
| Op Inc Chg 3Y Avg | -7.0% |
| Op Mgn LTM | 5.2% |
| Op Mgn 3Y Avg | 7.5% |
| QoQ Delta Op Mgn LTM | -0.4% |
| CFO/Rev LTM | 8.9% |
| CFO/Rev 3Y Avg | 10.3% |
| FCF/Rev LTM | 4.2% |
| FCF/Rev 3Y Avg | 3.6% |
Price Behavior
| Market Price | $20.28 | |
| Market Cap ($ Bil) | 0.5 | |
| First Trading Date | 09/15/2016 | |
| Distance from 52W High | -21.9% | |
| 50 Days | 200 Days | |
| DMA Price | $21.74 | $19.38 |
| DMA Trend | indeterminate | down |
| Distance from DMA | -6.7% | 4.6% |
| 3M | 1YR | |
| Volatility | 55.1% | 49.6% |
| Downside Capture | 22.68 | 58.15 |
| Upside Capture | -47.99 | 33.02 |
| Correlation (SPY) | -10.0% | 11.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.25 | 0.02 | -0.24 | 0.04 | 0.48 | 0.88 |
| Up Beta | -1.47 | -3.02 | -1.49 | -0.83 | 0.21 | 1.00 |
| Down Beta | 0.94 | 0.85 | 1.50 | 0.68 | 0.75 | 0.76 |
| Up Capture | -23% | -26% | -36% | 25% | 21% | 37% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 8 | 19 | 34 | 64 | 127 | 378 |
| Down Capture | 105% | 128% | 35% | -8% | 70% | 102% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 13 | 22 | 29 | 61 | 124 | 370 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ASIX | |
|---|---|---|---|---|
| ASIX | -15.1% | 49.6% | -0.16 | - |
| Sector ETF (XLB) | 12.5% | 17.7% | 0.52 | 37.2% |
| Equity (SPY) | 22.1% | 12.5% | 1.31 | 11.1% |
| Gold (GLD) | 23.5% | 27.8% | 0.75 | -1.0% |
| Commodities (DBC) | 23.6% | 18.7% | 0.99 | 15.8% |
| Real Estate (VNQ) | 13.4% | 13.9% | 0.67 | 12.2% |
| Bitcoin (BTCUSD) | -42.5% | 42.8% | -1.17 | 13.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ASIX | |
|---|---|---|---|---|
| ASIX | -5.7% | 42.7% | -0.01 | - |
| Sector ETF (XLB) | 6.2% | 19.1% | 0.22 | 57.9% |
| Equity (SPY) | 13.4% | 17.1% | 0.61 | 43.8% |
| Gold (GLD) | 17.8% | 18.3% | 0.79 | 5.6% |
| Commodities (DBC) | 7.3% | 19.5% | 0.27 | 23.8% |
| Real Estate (VNQ) | 2.9% | 18.9% | 0.05 | 39.3% |
| Bitcoin (BTCUSD) | 13.8% | 53.4% | 0.44 | 21.6% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ASIX | |
|---|---|---|---|---|
| ASIX | 3.5% | 49.0% | 0.26 | - |
| Sector ETF (XLB) | 10.5% | 20.6% | 0.45 | 53.9% |
| Equity (SPY) | 15.6% | 17.9% | 0.75 | 43.7% |
| Gold (GLD) | 11.6% | 16.1% | 0.59 | -0.3% |
| Commodities (DBC) | 6.0% | 18.0% | 0.26 | 25.0% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.21 | 34.1% |
| Bitcoin (BTCUSD) | 58.6% | 66.2% | 0.99 | 13.8% |
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Returns Analyses
Earnings Returns History
Updated 6/23/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/8/2026 | -15.1% | -8.9% | -10.1% |
| 2/20/2026 | 4.3% | -0.6% | 13.4% |
| 11/7/2025 | -15.3% | -10.7% | -11.1% |
| 8/1/2025 | -4.6% | -8.6% | 7.6% |
| 5/2/2025 | 6.8% | 9.2% | 11.1% |
| 2/21/2025 | 1.6% | -5.6% | -21.0% |
| 11/1/2024 | 2.0% | 9.7% | 16.5% |
| 8/2/2024 | 1.9% | 5.2% | 11.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 16 | 12 | 14 |
| # Negative | 8 | 12 | 10 |
| Median Positive | 3.4% | 5.1% | 11.3% |
| Median Negative | -10.9% | -5.8% | -9.0% |
| Max Positive | 7.2% | 9.9% | 33.2% |
| Max Negative | -16.9% | -14.4% | -21.0% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/8/2026 | -15.1% | -8.9% | -10.1% |
| 2/20/2026 | 4.3% | -0.6% | 13.4% |
| 11/7/2025 | -15.3% | -10.7% | -11.1% |
| 8/1/2025 | -4.6% | -8.6% | 7.6% |
| 5/2/2025 | 6.8% | 9.2% | 11.1% |
| 2/21/2025 | 1.6% | -5.6% | -21.0% |
| 11/1/2024 | 2.0% | 9.7% | 16.5% |
| 8/2/2024 | 1.9% | 5.2% | 11.2% |
| 5/3/2024 | -14.1% | -4.7% | -6.7% |
| 2/16/2024 | 5.7% | 2.3% | -6.0% |
| 11/3/2023 | -7.8% | -14.4% | -2.4% |
| 8/4/2023 | 0.9% | -4.8% | -13.6% |
| 5/5/2023 | 6.2% | -3.1% | 0.9% |
| 2/17/2023 | 0.8% | -0.8% | -16.2% |
| 11/4/2022 | 3.6% | 9.9% | 13.8% |
| 8/5/2022 | 3.3% | 2.6% | -7.9% |
| 5/6/2022 | -1.3% | -6.5% | -0.9% |
| 2/18/2022 | -16.9% | -5.9% | 33.2% |
| 10/29/2021 | 6.0% | 2.8% | 2.6% |
| 7/30/2021 | 2.1% | 8.0% | 11.5% |
| 4/30/2021 | -5.0% | 2.8% | 3.4% |
| 2/19/2021 | 7.2% | 4.4% | 2.8% |
| 10/30/2020 | 1.9% | 5.8% | 18.9% |
| 7/31/2020 | 4.4% | 5.0% | 16.4% |
| SUMMARY STATS | |||
| # Positive | 16 | 12 | 14 |
| # Negative | 8 | 12 | 10 |
| Median Positive | 3.4% | 5.1% | 11.3% |
| Median Negative | -10.9% | -5.8% | -9.0% |
| Max Positive | 7.2% | 9.9% | 33.2% |
| Max Negative | -16.9% | -14.4% | -21.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 02/20/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/01/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/21/2025 | 10-K |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/16/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/17/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 02/20/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/01/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/21/2025 | 10-K |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/16/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/17/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
| 12/31/2021 | 02/18/2022 | 10-K |
| 09/30/2021 | 10/29/2021 | 10-Q |
| 06/30/2021 | 07/30/2021 | 10-Q |
| 03/31/2021 | 04/30/2021 | 10-Q |
| 12/31/2020 | 02/19/2021 | 10-K |
| 09/30/2020 | 10/30/2020 | 10-Q |
| 06/30/2020 | 07/31/2020 | 10-Q |
| 03/31/2020 | 05/01/2020 | 10-Q |
| 12/31/2019 | 02/21/2020 | 10-K |
| 09/30/2019 | 11/01/2019 | 10-Q |
| 06/30/2019 | 08/01/2019 | 10-Q |
Recent Forward Guidance
Updated 7/12/2026Latest: Q1 2026 Earnings Reported 5/8/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Capital Expenditures | 75.00 Mil | 85.00 Mil | 95.00 Mil | 0 | Affirmed | Guidance: 85.00 Mil for 2026 | |
| 2026 Pre-tax income impact of plant turnarounds | 17.00 Mil | 19.50 Mil | 22.00 Mil | -13.3% | Lowered | Guidance: 22.50 Mil for 2026 | |
Prior: Q4 2025 Earnings Reported 2/20/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Capital Expenditures | 75.00 Mil | 85.00 Mil | 95.00 Mil | -30.6% | Lower New | Guidance: 122.50 Mil for 2025 | |
| 2026 Pre-tax income impact of plant turnarounds | 20.00 Mil | 22.50 Mil | 25.00 Mil | ||||
| 2026 Annual cost savings | 30.00 Mil | ||||||
Q3 2025 Earnings Reported 11/7/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Capital Expenditures | 120.00 Mil | 122.50 Mil | 125.00 Mil | -12.5% | Lowered | Guidance: 140.00 Mil for 2025 | |
Insider Activity
Updated 7/1/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Kintiroglou, Achilles B | SVP, General Counsel | Direct | Sell | 10032025 | 20.00 | 577 | 11,540 | 605,300 | Form |
| 2 | Kintiroglou, Achilles B | SVP, General Counsel | Direct | Sell | 9032025 | 21.20 | 571 | 12,105 | 653,850 | Form |
| 3 | Kintiroglou, Achilles B | SVP, General Counsel | Direct | Sell | 8042025 | 20.18 | 571 | 11,523 | 633,914 | Form |
| 4 | Kintiroglou, Achilles B | SVP, General Counsel | Direct | Sell | 7022025 | 24.85 | 571 | 14,189 | 794,802 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Kintiroglou, Achilles B | SVP, General Counsel | Direct | Sell | 10032025 | 20.00 | 577 | 11,540 | 605,300 | Form |
| 2 | Kintiroglou, Achilles B | SVP, General Counsel | Direct | Sell | 9032025 | 21.20 | 571 | 12,105 | 653,850 | Form |
| 3 | Kintiroglou, Achilles B | SVP, General Counsel | Direct | Sell | 8042025 | 20.18 | 571 | 11,523 | 633,914 | Form |
| 4 | Kintiroglou, Achilles B | SVP, General Counsel | Direct | Sell | 7022025 | 24.85 | 571 | 14,189 | 794,802 | Form |
Investor Activity (13F)
Updated Jul 13, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank and community-bank filers are excluded.
Industry Resources
| Materials Resources |
| Chemical & Engineering News (C&EN) |
| Mining.com |
| Plastics News |
| Commodity Chemicals Resources |
| ChemAnalyst |
| S&P Global Commodity Insights - Chemicals |
| Reuters Events: Downstream |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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