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Albemarle Corp ALB Stock Quote

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Last close prices updated as of Feb 06, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 276.81
  • Sector Basic Materials
  • Industry Specialty Chemicals
  • Investment Style Mid Growth
  • Day Range 276.59  –  290.18
  • Year Range 169.93  –  334.55
  • Market Cap 32.4291 Bil
  • Volume / Avg 1.4 Mil /  1.5 Mil
  • Price / Sales 6.05
  • Price / Book 5.00
  • Forward Div Yield 0.55%
  • Trailing Div Yield 0.57%

Morningstar‘s Stock Analysis ALB

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Maintaining $350 FVE After Albemarle's Strategic Update Affirms Our View; Shares Undervalued

Seth Goldstein Strategist

Analyst Note

| Seth Goldstein |

We maintain our $350 per share fair value estimate for Albemarle after updating our model to reflect the company's strategic update. Our narrow moat rating is also unchanged. Our largest key takeaway from the event was Albemarle's plan to transition its lithium sold from long-term price contracts to an index-referenced pricing scheme is compete. Additionally, the event reaffirmed our view that Albemarle's plan to grow its annual lithium volumes is on track. While we updated our outlook for higher volumes and lithium prices in the energy storage segment, we also updated our assumptions for higher unit production costs and capital expenditures, which roughly offset.

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Key Statistics ALB

Company Profile ALB

Business Description

Albemarle is the world's largest lithium producer. Our outlook for robust lithium demand is predicated upon increased demand for electric vehicle batteries. Albemarle produces lithium from its salt brine deposits in Chile and the U.S. and its hard rock joint venture mines in Australia. Albemarle is also a global leader in the production of bromine, used in flame retardants. The company is also a major producer of oil refining catalysts.

4250 Congress Street, Suite 900
Charlotte, NC, 28209
Industry Specialty Chemicals
Employees 6,000

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FAQs for Albemarle Corp Stock

Yes. ALB has a forward dividend yield of 0.55%. See ALB’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

ALB’s market cap is 32.43 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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ALB’s stock style is Mid Growth.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

ALB’s price/sales is 6.05.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

ALB’s price/forward earnings is 10.54.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

ALB’s price/book is 4.82.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See ALB’s valuation ratios compared to the Market Index.

ALB’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare ALB’s historical performance against its industry peers and the overall market.