AXTA - Axalta Coating Systems Ltd.
Price:
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--
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$34.00
DETAILS
HIGH:
$39.00
LOW:
$29.00
MEDIAN:
$35.00
CONSENSUS:
$34.00
UPSIDE:
16.36%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||
| Revenue | 5,117 | 5,276 | 5,184 | 4,884 | 4,416.2 | 3,737.6 | 4,482.2 | 4,696 | 4,377 | 4,092.7 | 4,110 | 4,391.5 | 3,986.8 | 4,256.8 | 4,315.8 |
| Cost of Revenue | 3,447 | 3,478 | 3,566 | 3,466 | 2,987.3 | 2,457.9 | 2,917.9 | 3,106.3 | 2,780.5 | 2,528.8 | 2,597.3 | 2,897.2 | 2,772.8 | 2,932.6 | 3,074.5 |
| Gross Profit | 1,670 | 1,798 | 1,618 | 1,418 | 1,428.9 | 1,279.7 | 1,564.3 | 1,589.7 | 1,596.5 | 1,563.9 | 1,512.7 | 1,494.3 | 1,214 | 1,324.2 | 1,241.3 |
| Operating Expenses | |||||||||||||||
| R&D Expenses | 71 | 74 | 74 | 66 | 62.4 | 55.2 | 70.2 | 73.1 | 65.3 | 57.7 | 51.6 | 49.5 | 40.5 | 41.5 | 49.6 |
| SG&A Expenses | 835 | 847 | 840 | 772 | 738.7 | 695 | 822.1 | 876.4 | 934.7 | 959.8 | 914.8 | 991.5 | 1,040.6 | 873.4 | 869.1 |
| Other Expenses | 0 | 171 | 116 | 157 | 165.4 | 224 | 183.8 | 198.1 | 232.8 | 141.3 | 80.7 | 83.8 | 108 | 0 | 0 |
| Operating Expenses | 906 | 1,092 | 1,030 | 995 | 966.5 | 974.2 | 1,076.1 | 1,147.6 | 1,232.8 | 1,158.8 | 1,047.1 | 1,124.8 | 1,189.1 | 914.9 | 918.7 |
| Operating Income | |||||||||||||||
| Operating Income | 764 | 706 | 588 | 423 | 462.4 | 305.5 | 488.2 | 442.1 | 363.7 | 405.1 | 465.6 | 369.5 | 24.9 | 409.3 | 322.6 |
| Interest Expense | 193 | 205 | 213 | 140 | 134.2 | 149.9 | 162.6 | 159.6 | 147 | 178.2 | 196.5 | 217.7 | 215.1 | 0 | 0.2 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||
| EBITDA | 1,059 | 981 | 844 | 700 | 791.2 | 592.4 | 845.6 | 796.2 | 684.1 | 583 | 662.1 | 563.2 | 252.1 | 520 | 411.1 |
| EBIT | 764 | 701 | 568 | 397 | 474.7 | 272.1 | 492.6 | 427.1 | 336.6 | 260.9 | 354.4 | 254.5 | (48.6) | 409.3 | 302.4 |
| Income Before Tax | 546 | 496 | 355 | 257 | 340.5 | 122.2 | 330 | 267.5 | 189.6 | 82.7 | 157.9 | 36.8 | (263.7) | 393 | 302.2 |
| Income Tax Expense | 167 | 105 | 86 | 65 | 76.1 | 0.2 | 77.4 | 54.2 | 141.9 | 38.1 | 62.1 | 2.1 | (44.8) | 145.2 | 120.7 |
| Net Income | 378 | 391 | 267 | 192 | 263.9 | 121.6 | 249 | 207.1 | 36.7 | 38.8 | 91.6 | 27.4 | (224.9) | 243.3 | 179.4 |
| Per Share Data | |||||||||||||||
| EPS (Basic) | 1.75 | 1.78 | 1.21 | 0.87 | 1.14 | 0.52 | 1.06 | 0.87 | 0.15 | 0.18 | 0.40 | 0.12 | -0.99 | 1.06 | 0.78 |
| EPS (Diluted) | 1.74 | 1.78 | 1.21 | 0.86 | 1.14 | 0.52 | 1.06 | 0.85 | 0.15 | 0.17 | 0.39 | 0.12 | -0.98 | 1.06 | 0.78 |
| Shares Outstanding | 216 | 219.3 | 221 | 221.7 | 231 | 235.2 | 233.9 | 239 | 240.4 | 238.1 | 233.8 | 229.3 | 227.8 | 229.1 | 229.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 660 | 593 | 703.1 | 654.9 | 840.6 | 1,364 | 1,020.5 | 693.6 | 769.8 | 535.4 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 1,269 | 1,248 | 1,299.1 | 1,108 | 937.5 | 907 | 867.6 | 860.8 | 870.2 | 801.9 |
| Inventory | 756 | 734 | 741.1 | 829.6 | 669.7 | 559.9 | 591.6 | 613 | 608.6 | 529.7 |
| Other Current Assets | 130 | 148 | 78 | 100.2 | 10.6 | 95 | 93.7 | 2.8 | 3.1 | 2.7 |
| Total Current Assets | 2,815 | 2,723 | 2,821.3 | 2,692.7 | 2,575.6 | 2,925.9 | 2,573.4 | 2,309.6 | 2,315.6 | 1,920 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 1,411 | 1,280 | 1,309.6 | 1,292.8 | 1,290.4 | 1,295.8 | 1,318.6 | 1,298.2 | 1,388.6 | 1,315.7 |
| Goodwill | 1,795 | 1,640 | 1,590.9 | 1,498 | 1,592.7 | 1,294.9 | 1,208.9 | 1,230.8 | 1,271.2 | 961 |
| Intangible Assets | 1,147 | 1,149 | 1,129.7 | 1,112.3 | 1,278.2 | 1,148.8 | 1,223.9 | 1,348 | 1,428.2 | 1,130.3 |
| Long-Term Investments | 1 | 1 | 0.6 | 1 | 0.7 | 1.7 | 9.6 | 1.7 | 5.2 | 4.4 |
| Other Non-Current Assets | 311 | 456 | 249.5 | 297.2 | 298.1 | 266.5 | 321.3 | 302.6 | 225 | 209.3 |
| Total Non-Current Assets | 4,784 | 4,526 | 4,450.8 | 4,366.5 | 4,641.6 | 4,231.3 | 4,244.6 | 4,366.1 | 4,516.6 | 3,934.8 |
| Total Assets | 7,599 | 7,249 | 7,272.1 | 7,059.2 | 7,217.2 | 7,157.2 | 6,818 | 6,675.7 | 6,832.2 | 5,854.8 |
| Current Liabilities | ||||||||||
| Account Payables | 577 | 603 | 665.3 | 681.1 | 610.9 | 513.4 | 442 | 522.8 | 554.9 | 474.2 |
| Short-Term Debt | 51 | 20 | 56.9 | 59.4 | 79.7 | 83 | 73.2 | 42.2 | 37.7 | 27.9 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36.6 | 486.3 | 416.3 |
| Other Current Liabilities | 482 | 245 | 408.8 | 426.1 | 179.6 | 350 | 353.1 | 147 | 302.1 | 260.8 |
| Total Current Liabilities | 1,369 | 1,354 | 1,427.5 | 1,384.7 | 1,334.9 | 1,180.9 | 1,072.9 | 1,040.6 | 1,082.2 | 919.7 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 3,213 | 3,350 | 3,424 | 3,673.3 | 3,749.9 | 3,838.5 | 3,728 | 3,821.8 | 3,877.9 | 3,236 |
| Deferred Tax Liabilities | 171 | 151 | 162.3 | 162.1 | 174.7 | 114 | 115.5 | 140.8 | 152.9 | 160.2 |
| Other Non-Current Liabilities | 325 | 314 | 355.5 | 263.7 | 419 | 468.4 | 360.3 | 273.6 | 311.4 | 281.3 |
| Total Non-Current Liabilities | 3,837 | 3,939 | 4,071.8 | 4,175 | 4,343.6 | 4,496.5 | 4,335.5 | 4,324.6 | 4,342.2 | 3,677.5 |
| Total Liabilities | 5,206 | 5,293 | 5,499.3 | 5,559.7 | 5,678.5 | 5,677.4 | 5,408.4 | 5,365.2 | 5,424.4 | 4,597.2 |
| Stockholders' Equity | ||||||||||
| Common Stock | 255 | 255 | 253.7 | 252.4 | 251.8 | 250.9 | 249.9 | 245.3 | 242.4 | 239.3 |
| Retained Earnings | 2,055 | 1,677 | 1,286.2 | 1,018.8 | 827.2 | 563.3 | 443.2 | 198.6 | (21.4) | (47.1) |
| Accumulated Other Comprehensive Income | (383) | (582) | (444.2) | (466.9) | (414.4) | (424.8) | (395.5) | (336.1) | (241) | (350.4) |
| Total Stockholders' Equity | 2,346 | 1,912 | 1,727.3 | 1,453.5 | 1,492.9 | 1,433 | 1,354.2 | 1,205.1 | 1,276.1 | 1,136.1 |
| Total Liabilities & Equity | 7,599 | 7,249 | 7,272.1 | 7,059.2 | 7,217.2 | 7,157.2 | 6,818 | 6,675.7 | 6,832.2 | 5,854.8 |
| Debt Metrics | ||||||||||
| Total Debt | 3,392 | 3,521 | 3,610.9 | 3,808.6 | 3,856.8 | 3,997.1 | 3,932.9 | 3,864 | 3,915.6 | 3,263.9 |
| Net Debt | 2,732 | 2,928 | 2,907.8 | 3,153.7 | 3,016.2 | 2,633.1 | 2,912.4 | 3,170.4 | 3,145.8 | 2,728.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 378 | 391 | 268.5 | 192.2 | 264.4 | 122 | 252.6 | 213.3 | 47.7 | 47.6 |
| Depreciation & Amortization | 295 | 280 | 275.6 | 303.1 | 316.5 | 320.3 | 353 | 369.1 | 347.5 | 322.1 |
| Stock-Based Compensation | 25 | 28 | 26.2 | 22.2 | 14.9 | 15.1 | 15.7 | 37.3 | 38.5 | 41.1 |
| Change in Working Capital | (127) | (123) | (53.5) | (264.4) | (45.4) | 58.3 | (85.1) | (154.2) | (86.1) | (54.7) |
| Other Non-Cash Items | 32 | 17 | 66.9 | 44.1 | (6.8) | 49 | 21.2 | 24.5 | 100.7 | 217.4 |
| Operating Cash Flow | 649 | 576 | 575.3 | 293.8 | 558.6 | 509.3 | 573.1 | 496.1 | 540 | 559.3 |
| Investing Activities | ||||||||||
| Capital Expenditure | (196) | (140) | (137.9) | (150.9) | (121.6) | (82.1) | (112.5) | (143.4) | (125) | (136.2) |
| Acquisitions | (48) | (301) | (106.3) | (3) | (649) | 3.4 | (3.3) | (109.7) | (568.7) | (114.8) |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.4 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 25 | 0 | 0 | 0 | 22.5 | 0 | 0 |
| Other Investing Activities | 32 | 1 | 38.5 | 22.5 | 54.6 | 17.2 | 21.9 | 5.1 | 4.1 | (6) |
| Investing Cash Flow | (212) | (440) | (205.7) | (106.4) | (716) | (61.5) | (93.9) | (216.1) | (689.6) | (257) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (230) | (92) | (247.9) | (153) | (100.9) | (62.1) | (67.1) | (87.1) | 419.5 | (246.1) |
| Stock Repurchased | (165) | (100) | (50) | (200.1) | (243.8) | (26) | (105.3) | (253.8) | (58.4) | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | (0.9) | 0 | (1) | (3) | (3) |
| Other Financing Activities | (6) | (9) | (17.1) | (15.8) | (4.2) | (41.9) | 14 | (16.8) | 9.2 | 16.5 |
| Financing Cash Flow | (401) | (201) | (315) | (368.9) | (334.5) | (130.9) | (158.4) | (341.3) | 367.3 | (232.6) |
| Cash Position | ||||||||||
| Net Change in Cash | 64 | (107) | 48.2 | (196.3) | (512.8) | 343.5 | 324.1 | (76.5) | 234.8 | 50.4 |
| Cash at Beginning | 596 | 703 | 654.9 | 851.2 | 1,364 | 1,020.5 | 696.4 | 772.9 | 538.1 | 487.7 |
| Cash at End | 660 | 596 | 703.1 | 654.9 | 851.2 | 1,364 | 1,020.5 | 696.4 | 772.9 | 538.1 |
| Free Cash Flow | 453 | 436 | 437.4 | 142.9 | 437 | 427.2 | 460.6 | 352.7 | 415 | 423.1 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||
| Revenue | 5,117 | 5,276 | 5,184 | 4,884 | 4,416.2 | 3,737.6 | 4,482.2 | 4,696 | 4,377 | 4,092.7 | 4,110 | 4,391.5 | 3,986.8 | 4,256.8 | 4,315.8 |
| Gross Profit | 1,670 | 1,798 | 1,618 | 1,418 | 1,428.9 | 1,279.7 | 1,564.3 | 1,589.7 | 1,596.5 | 1,563.9 | 1,512.7 | 1,494.3 | 1,214 | 1,324.2 | 1,241.3 |
| Operating Income | 764 | 706 | 588 | 423 | 462.4 | 305.5 | 488.2 | 442.1 | 363.7 | 405.1 | 465.6 | 369.5 | 24.9 | 409.3 | 322.6 |
| Net Income | 378 | 391 | 267 | 192 | 263.9 | 121.6 | 249 | 207.1 | 36.7 | 38.8 | 91.6 | 27.4 | (224.9) | 243.3 | 179.4 |
| EPS (Diluted) | 1.74 | 1.78 | 1.21 | 0.86 | 1.14 | 0.52 | 1.06 | 0.85 | 0.15 | 0.17 | 0.39 | 0.12 | -0.98 | 1.06 | 0.78 |
| Balance Sheet | |||||||||||||||
| Cash & Equivalents | 660 | 593 | 703.1 | 654.9 | 840.6 | 1,364 | 1,020.5 | 693.6 | 769.8 | 535.4 | |||||
| Total Assets | 7,599 | 7,249 | 7,272.1 | 7,059.2 | 7,217.2 | 7,157.2 | 6,818 | 6,675.7 | 6,832.2 | 5,854.8 | |||||
| Total Debt | 3,392 | 3,521 | 3,610.9 | 3,808.6 | 3,856.8 | 3,997.1 | 3,932.9 | 3,864 | 3,915.6 | 3,263.9 | |||||
| Stockholders' Equity | 2,346 | 1,912 | 1,727.3 | 1,453.5 | 1,492.9 | 1,433 | 1,354.2 | 1,205.1 | 1,276.1 | 1,136.1 | |||||
| Cash Flow | |||||||||||||||
| Operating Cash Flow | 649 | 576 | 575.3 | 293.8 | 558.6 | 509.3 | 573.1 | 496.1 | 540 | 559.3 | |||||
| Capital Expenditure | (196) | (140) | (137.9) | (150.9) | (121.6) | (82.1) | (112.5) | (143.4) | (125) | (136.2) | |||||
| Free Cash Flow | 453 | 436 | 437.4 | 142.9 | 437 | 427.2 | 460.6 | 352.7 | 415 | 423.1 | |||||