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Top 3 Companies in the Diversified Chemicals Industry With the Highest Forward Earnings Yield (HUN, ASH, OLN)

Published on Thu, 02/21/2013 - 11:40
By Robert Cotter

Below are the three companies in the Diversified Chemicals industry with the highest forward earnings yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the higher the earnings yield, the more undervalued the stock.

Huntsman (NYSE:HUN) is highest with forward earnings yield of 13.8%. Huntsman Corporation manufactures differentiated and commodity chemical products. The Company markets a broad range of chemical products and formulations to a diversified group of consumer and industrial customers. Huntsman's products are used in a range of applications, including those in adhesives, aerospace, automotive, construction products, and consumer products.

Over the past year, Huntsman has traded in a range of $10.98 to $19.11 and is now at $16.66, 52% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

Following is Ashland (NYSE:ASH) with forward earnings yield of 9.5%.

Finishing up the top three is Olin (NYSE:OLN), with forward earnings yield of 9.5%.

By Robert Cotter