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Last €120.35 EUR
Change Today +0.15 / 0.12%
Volume 270.5K
SOLB On Other Exchanges
Symbol
Exchange
EN Brussels
OTC US
As of 11:35 AM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

solvay sa (SOLB) Snapshot

Open
€120.15
Previous Close
€120.20
Day High
€120.65
Day Low
€119.15
52 Week High
04/10/15 - €141.10
52 Week Low
01/6/15 - €104.05
Market Cap
10.2B
Average Volume 10 Days
332.5K
EPS TTM
€3.66
Shares Outstanding
84.7M
EX-Date
05/15/15
P/E TM
32.9x
Dividend
€3.40
Dividend Yield
2.83%
Current Stock Chart for SOLVAY SA (SOLB)

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solvay sa (SOLB) Details

Solvay SA engages in the chemical and plastic businesses worldwide. It operates in five segments: Advanced Formulations, Advanced Materials, Performance Chemicals, Functional Polymers, and Corporate & Business Services. The company offers chemical products, such as advanced materials, barium and strontium, calcium chloride, caustic soda, chlorinated products, fluor, peroxygen products, polyglycerols, precipitated calcium carbonate, soda ash, and sodium bicarbonate. It also provides specialty polymers, such as biomaterials for implantable devices, cross-linkable compounds, films, fluorinated elastomers, fluorinated fluids, fluoropolymers, functional fluids, liquid crystal polymers, polyamide-imides, aromatic polyamides, polyesters, polyketones, aromatic polymer processing aids, polyphenylene, polyphenylene sulfide, polyvinylidene chloride, specialty materials, and sulfone polymers; and vinyls comprising Benvic plasticized PVC compounds, Benvic PVC alloys, Benvic rigid PVC compounds, Nidacell, SolVin copolymers, SolVin general purpose, SolVin specialties, and Vinyloop regenerated PVC. In addition, the company offers cellulose acetate tow; diphenols/aliphatic fluorinated derivatives specialties; chlorinated products, such as allyls and chloromethanes; oxygenated solvents; phenol-based products and derivatives; chlor - alkali derivatives; polyamide-based fibers; hydrogen peroxide; polyamide and intermediates; rare earth-based formulations; dispersible silica; specialty surfactants; and engineering plastics, textile, industrial fibers and yarns, varnishes, and adhesives. Further, it provides energy optimization services; and carbon management services and clean technologies. The company’s products are used in consumer goods and healthcare; automotive and aeronautics; building and construction; electrical and electronics; agro, feed, and food; energy and environment; and industrial applications. Solvay SA was founded in 1863 and is headquartered in Brussels, Belgium.

26,000 Employees
Last Reported Date: 07/29/15
Founded in 1863

solvay sa (SOLB) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: €2.5M
Compensation as of Fiscal Year 2014.

solvay sa (SOLB) Key Developments

Solvay Opens SGD 50 Million Chemical Plant

Solvay opened its SGD 50 million specialty surfactants plant in Singapore. It also announced completion of the expansion of an oil and gas lab at its research and innovation centre here, banking on optimism that upstream oil exploration activity in Asia will continue apace given the drive towards energy self-sufficiency in many countries. Solvay's plant by its Novecare business line will customise specialty alkoxylate formulations to the requirements of customers in the agrochemicals, coatings, home and personal care, industrial, and oil and gas sectors in Asia, which has a fast-growing middle class. It will serve multinational corporations such as Unilever, and Procter & Gamble and smaller local firms in South-east Asia. The plant, which has a production capacity of 50,000 tonnes a year, will complement existing facilities in India and China and contribute about one-eighth of Solvay Nove-care's global alkoxylate production volumes when running at full capacity next year. It will hire nearly 40 staff. Solvay Novecare has seven other specialty alkoxylation plants in the world.

Solvay SA Launches Highly Dispersible Silica Plant in Central Poland

Solvay has commenced commercial production of highly dispersible silica (HDS) at a new plant in central Poland. The €75 million installation in Wloclawek, Pomerania, has the capacity to produce 85,000 tonnes/year of HDS, used as a reinforcing agent in the rubber of fuel-saving tyres. The Polish plant, which would create more than 100 jobs, is to manufacture Solvay's most developed highly dispersible silica grades. Solvay's HDS brands include Zeosil Premium and Efficium. The latter product helps tyre producers to push up the output levels of tyre compounds for both car and trucks. The company now has silica production sites in nine locations across Europe, South America, North America and Asia. Solvay is currently constructing a plant in South Korea that will produce Efficium.

Solvay and INEOS Announce Joint Venture, INOVYN

Solvay and INEOS announced the start-up of their Joint Venture INOVYN, a competitive player in chlorovinyls, following European Commission approval. The finalized terms of the Joint Venture agreement remain materially unchanged from those announced in June l2014. Solvay received upon closing an upfront cash payment of EUR 150 million - subject to customary adjustments such as actual working capital levels. In addition to contributing their entire European chlorovinyl business Solvay has transferred liabilities estimated at EUR 260 million into the Joint Venture. In three years' time, Solvay will exit INOVYN and receive an additional, performance-based payment targeted to be EUR 280 million, with a minimum of EUR 95 million. Thereafter, INEOS will be the sole owner of the business.

 

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Industry Analysis

SOLB

Industry Average

Valuation SOLB Industry Range
Price/Earnings 32.3x
Price/Sales 0.9x
Price/Book 1.4x
Price/Cash Flow 17.8x
TEV/Sales 0.6x
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