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ELM.L — London Stock Exchange Chemicals

Elementis PLC

$177,00
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Mcap
100,8B GBp
P/E
—
EV / Rev
159,7x
Div yield
1,89 %
Op margin
18,2 %
ROE
-7,1 %
Net margin
-7,6 %
Debt / equity
0,40
Beta
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52w range
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Volume
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Day range
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Next earnings
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About

Elementis PLC operates in the Chemicals industry within the Materials sector, generating revenue through the production and sale of specialty chemicals.

Business. Elementis PLC (ELM.L) is a chemicals company headquartered in the United Kingdom and primarily listed on the London Stock Exchange. The firm operates within the Materials sector, focusing on the production and sale of chemical products. As specific segment and geographic breakdowns are not provided, the company is described at the industry level as a participant in the broader chemicals market.

Classification85 %
SectorMaterials
Industry groupChemicals
Generated · model-assisted
Sell-side consensus
BUY7 analysts
6 buy1 hold0 sell
Avg 12m price target203,33

Analyst recommendations

7 analysts · consensus Buy
Buy6
Hold1
Sell0
12-month price target
203,33
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
—
not yet scored
Valuation
—
valuation pending
Analysts→
Buy
7 analysts · indicative
Ownership
—
not yet wired
Profitability→
-7,1 %
return on equity
Quality
—
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning ELM.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials · THIS SECTOR+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to ELM.L. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Elementis PLC (ELM.L) is a chemicals company headquartered in the United Kingdom and primarily listed on the London Stock Exchange. The firm operates within the Materials sector, focusing on the production and sale of chemical products. As specific segment and geographic breakdowns are not provided, the company is described at the industry level as a participant in the broader chemicals market.

    Classification85 %
    SectorMaterials
    Industry groupChemicals
    AI synthesis
    GENERATED
    — missing data
    Key takeaways
    • Net income loss of $45.5 million contrasts with positive operating cash flow of $80.1 million, indicating non-cash charges or working capital dynamics impacting bottom-line results.
    • Elevated valuation multiples (EV/EBITDA 875.67, P/B 147.84) reflect the market's adjustment to current earnings disruptions rather than fundamental asset value.
    • Conservative leverage with a debt-to-equity ratio of 0.4 and current ratio of 1.9 provides a buffer against liquidity stress despite negative net cash.
    • Strong analyst consensus with a mean recommendation of 1.71 and price target of $203.33 suggests expectations for near-term profitability recovery.
    • Low dilution risk indicates stable share count, with basic and diluted shares outstanding both at 569.3 million.

    Bull / Bear case

    Generated · model-assisted
    BULL CASE · 3

    Operating income surged 13.5% year-over-year to $109 million, demonstrating strong top-line operational efficiency despite revenue declines.

    Long-term debt decreased significantly from $522.7 million in 2022 to $256.6 million in 2026, reducing leverage risk.

    Free cash flow remained robust at $44.8 million in 2026, providing liquidity for debt reduction and operational flexibility.

    BEAR CASE · 4

    Revenue declined at a 4.2% compound annual growth rate over four years, signaling persistent top-line weakness.

    The company reported a net loss of $45.5 million in 2026, failing to convert operating profits into bottom-line earnings.

    Return on equity is negative at -7.1%, underperforming the peer median of 5.0% and indicating poor shareholder value creation.

    Cash conversion ratio of -1.76 ranks in the bottom quartile, highlighting significant discrepancies between operating income and cash flow.

    In focus — financials by report

    Annual
    ANNUALFiled 2026-03-05
    FY 2026 · Full-year highlights

    Revenue $597.5M, −1,0% YoY; Operating income +13,5% YoY.

    Revenue$597.5M−1,0 % YoY
    Operating income$109.0M+13,5 % YoY
    Net income-$45.5M+4,8 % YoY
    Free cash flow$44.8M−0,2 % YoY
    EPS—
    Operating cash flow$80.1M−19,9 % YoY
    Financials
    Income statement
    Revenue$597.5M
    Gross profit$280.1M
    Operating income$109.0M
    Net income-$45.5M
    Margins
    Gross margin46.9%
    Operating margin18.2%
    Net margin-7.6%
    FCF margin7.5%
    Balance sheet
    Total assets$1.11B
    Total liabilities$470.7M
    Total equity$643.9M
    Cash & equivalents—
    Long-term debt$256.6M
    Cash flow
    Operating cash flow$80.1M
    CapEx-$22.9M
    Free cash flow$44.8M
    SBC—
    P&L flow · revenue → net income
    Revenue $597.5MOperating costs $488.5MFinance $18.4MNet income $45.5M
    Highlights
    • ▍Revenue $597.5M, −1,0% YoY
    • ▍Operating income +13,5% YoY
    • ▍Net income +4,8% YoY
    • ▍Free cash flow −0,2% YoY
    • ▍Net margin -7.6%

    Valuation FY

    Market price
    $177,00
    Market cap
    $95.19B
    Enterprise valueⓘ
    $95.45B
    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    159.7x
    EV / Op incomeⓘ
    875.7x
    EV / OCFⓘ
    1191.6x
    P / Bⓘ
    147.8x
    P / Tangible bookⓘ
    147.8x
    Tangible book
    $643.9M
    Net cashⓘ
    -$256.6M
    Current ratioⓘ
    1.9
    Debt / equityⓘ
    0.4
    ROAⓘ
    -4.1%
    ROEⓘ
    -7.1%
    Cash conversionⓘ
    -176.0%
    CapEx / revenueⓘ
    -3.8%
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    0,15
    Predicted surprise
    +0,00
    Beat probability
    45 %
    Analysts
    7
    Other metrics
    Revenue
    —
    no estimate
    Segment revenue
    —
    no estimate
    Margin
    —
    no estimate
    Segment margin
    —
    no estimate
    as of 2026-07-23 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPS—no estimate—no estimate0,15
    Revenue—no estimate—no estimate603,3M USD
    Operating income—no estimate—no estimate131,2M USD
    Full-year consensus mean (period as reported by source) · consensus in USD. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution7 analysts
    Strong buy3
    Buy3
    Hold1
    Sell0
    Strong sell0
    12-month price target$203,33 · Median $202,50
    Low $195,00High $210,00
    Operating income · consensus131,2M USD
    EPS surprise
    −5,8 %
    reported vs consensus · miss
    Revenue surprise
    −1,0 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    Low$195,00
    Mean$203,33
    Median$202,50
    High$210,00
    Spot$177,00
    +14.9 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin18,2 %Above P75
    Net Margin-7,6 %Bottom quartile
    ROE-7,1 %Bottom quartile
    Capex / Rev-3,8 %Above median
    D/E0,40Above median
    Cash Conv-1,76Bottom quartile

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Physical assets

    2 tracked
    AssetTypeCommodityCountryRole
    Lahnaslampi, Uutela, PehmytkiviMineNickelFinlandOperating company
    Lahnaslampi, Uutela, PehmytkiviOtherNickelFinlandOperating company
    Tracked physical assets associated with this issuer (operated, managed, or owned).

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    • Reference data
    How metrics are computed
    • Price To Tangible Book
      market_price / (tangible_book_value / shares_outstanding_diluted)
    • Price To Book
      market_price / (adjusted_book_value / shares_outstanding_diluted)
    • Return On Equity
      net_income / total_equity
    • Enterprise Value
      market_cap - net_cash
    • Ev To Revenue
      enterprise_value / revenue
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    Source documents
    • Elementis PLC Market data — financials · 2026-07-23
    • Elementis PLC Market data — analyst estimates · 2026-07-23
    • Elementis PLC Market data — ESG · 2026-07-23

    Ownership & reference

    Leadership

    • Paul WatermanChief Executive Officer, Executive Director

    Insider activity

    — missing data

    Short positioning

    72.4Kshares short-15.3% vs prior
    3.97days to cover
    92.6%short of daily vol
    344fails-to-deliver
    as of 2026-07-15 · short-interest report (free)

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    ELM.LCanonical
    London Stock Exchange · GBp

    Intel & risk

    PredictorBeat prob45 %Surprise+0,00Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-03-05 09:01 UTCEARNINGSAnnual results — FY 2026 Revenue USD 597.5M · Net USD -45.5M
    2025-03-06 07:00 UTCEARNINGSAnnual results — FY 2025 Revenue USD 603.8M · Net USD -47.8M
    2024-03-07 07:00 UTCEARNINGSAnnual results — FY 2024 Revenue USD 713.4M · Net USD 26.5M
    2023-03-07 07:00 UTCEARNINGSAnnual results — FY 2023 Revenue USD 736.4M · Net USD -51.1M
    2022-03-03 07:00 UTCEARNINGSAnnual results — FY 2022 Revenue USD 709.4M · Net USD 3.3M
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data · Reference data Premium coverage