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Corporate History On October 1, 2016, Honeywell International Inc. ( Honeywell ) completed the separation of AdvanSix. The separation was completed by Honeywell distributing (the "Distribution") all of the then outstanding shares of common stock of AdvanSix on October 1, 2016 (the Distribution Date ) through a dividend in kind of AdvanSix common stock, par value $0.01 per share, to holders of H…
Operating margin is thin at 3.38%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue growth slowed to 0.3%, essentially flat. This is a business that needs a catalyst.
Net debt of $363M represents 56.5x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$1.55B
▲ +0.3% YoY
Net Income (TTM)
$10M
▲ +11.6% YoY
Op. Margin
0.18%
ROIC
0.21%
▼ -0.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$22M
▲ +279.5% YoY
Op. Cash Flow (TTM)
$96M
▼ -9.3% YoY
Net Debt
$139M
Cash & Equiv.
$18M
5Y CAGR: +5.6%
5Y CAGR: -26.0%
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