Recent News
July 2026 reports document multiple unplanned production disruptions across LyondellBasell’s U.S. polyolefin and olefins network: an Equistar-related polypropylene shutdown at Bayport was reported July 10, flaring and reduced steam supply affected Channelview around July 13, and mid-July notices referenced other unit outages and turnarounds at Morris and Pasadena facilities. Industry reporting also noted the company’s Bayport propylene-oxide unit remained offline into the summer.
Technical Analysis
Directional strength: ADX at 17.85 indicates no established trend; directional indicators show DI+ = 28.19 with a peak-and-reversal (bearish) and DI– = 22.15 with a dip-and-reversal (bearish), together signaling recent directional conflict that skews toward selling pressure relative to the current valuation bias.
MACD: MACD sits at 0.12 while the signal line reads –0.14, so MACD currently trades above its signal line (a bullish crossover). The MACD trend shows a peak-and-reversal, however, which denotes weakening momentum and implies the recent bullish crossover may not sustain without renewed momentum.
MRO: Momentum/Regression Oscillator at 10.64 (positive, increasing) indicates price sits above the WMDST target and therefore the oscillator signals compression risk and a greater likelihood of downward adjustment toward valuation support levels.
RSI and momentum breadth: RSI at 46.53 with a peak-and-reversal reads as bearish; the 12-day EMA shows a peak-and-reversal as well, and price sits below the 20-day and 50-day averages (price close $59.59 vs 20-day $60.51 and 50-day $60.12), implying short-term momentum favors lower-to-flat action against the current valuation.
Trend-and-support context: Ichimoku components place the conversion and leading spans above the close (Tenkan 61.41, Senkou A 62.19, Senkou B 65.47), and price lies near the lower 1× standard-deviation Bollinger band (lower ~ $59.10). Beta measures show subdued market correlation (42‑day beta –0.84, 52‑week beta –0.22). Overall, technicals favor consolidation with downside bias until momentum indicators re-accelerate or outages resolve.
Fundamental Analysis
Profitability and margins: EBIT totaled $275,000,000 and EBIT margin stands at 3.82%. QoQ the EBIT margin contracted by 28.10%, while YoY it improved by 76.74%. LyondellBasell’s EBIT margin ranks above the industry peer mean (≈ –0.66%) and above the industry peer median (≈ –5.05%), indicating relatively stronger operating profitability versus peers despite the recent QoQ pressure.
Earnings and valuation multiples: Reported EPS came in at $4.30 versus an estimate of $3.42, an EPS surprise of 25.73%. Trailing P/E equals 137.6 and forward P/E sits near 37.9; the sharp gap between trailing and forward multiples reflects either one-time drivers in trailing earnings or markedly lower consensus forward EPS (forward EPS ≈ $1.60). Price-to-book equals 2.17 (up ~42.9% QoQ and ~20.5% YoY), placing book-based valuation above the industry peer mean and median.
Cash flow and leverage: Operating cash flow totaled –$269,000,000 and free cash flow registered –$538,000,000, yielding a free-cash-flow yield of –2.47%. Net debt stands at $10.286 billion with total debt ~$14.252 billion and a debt-to-EBITDA ratio near 23.10, while interest coverage approximates 1.99. These metrics show leverage-intensive capital structure and constrained cash generation relative to reported earnings, increasing sensitivity to margin pressure and capital allocation choices.
Liquidity and working capital: Cash and short-term investments equal $2.635 billion, current ratio 1.54 and quick ratio 1.03. Cash-conversion-cycle days sit at 44.53, shorter than the industry peer mean of ≈71 days, which supports operational cash recovery even as absolute cash flow remains negative for the period.
Other indicators: Gross margin about 9.74% and operating margin about 3.53% expanded YoY (gross margin YoY +36.21%, operating margin YoY +63.23%). Dividend yield equals ~1.03% with a payout ratio of ~182% and dividend coverage ~54.9%, indicating the current dividend level exceeds trailing earnings and requires attention to cash generation if sustained.
Valuation summary: Enterprise multiple registers ~54.09 and WMDST values the stock as over-valued given stretched trailing multiples, negative free cash flow yield, and elevated net leverage even though several profit margins improved YoY. The most salient fundamental tensions remain leverage versus ongoing operational margin recovery.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-07-31 |
| NEXT REPORT DATE: | 2026-10-30 |
| CASH FLOW | Begin Period Cash Flow | $ 3.4 B |
| Operating Cash Flow | $ -269.00 M | |
| Capital Expenditures | $ -269.00 M | |
| Change In Working Capital | $ -602.00 M | |
| Dividends Paid | $ -224.00 M | |
| Cash Flow Delta | $ -810.00 M | |
| End Period Cash Flow | $ 2.6 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 7.2 B | |
| Forward Revenue | $ 7.5 B | |
| COSTS | ||
| Cost Of Revenue | $ 6.5 B | |
| Depreciation | $ 342.0 M | |
| Depreciation and Amortization | $ 342.0 M | |
| Research and Development | $ 36.0 M | |
| Total Operating Expenses | $ 6.9 B | |
| PROFITABILITY | ||
| Gross Profit | $ 701.0 M | |
| EBITDA | $ 617.0 M | |
| EBIT | $ 275.0 M | |
| Operating Income | $ 254.0 M | |
| Interest Income | $ 31.0 M | |
| Interest Expense | $ 138.0 M | |
| Net Interest Income | $ -107.00 M | |
| Income Before Tax | $ 137.0 M | |
| Tax Provision | $ -2.00 M | |
| Tax Rate | 40.0 % | |
| Net Income | $ 123.0 M | |
| Net Income From Continuing Operations | $ 125.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 3.42 | |
| EPS Actual | $ 4.30 | |
| EPS Difference | $ 0.88 | |
| EPS Surprise | 25.731 % | |
| Forward EPS | $ 1.60 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 34.0 B | |
| Intangible Assets | $ 1.1 B | |
| Net Tangible Assets | $ 8.9 B | |
| Total Current Assets | $ 11.1 B | |
| Cash and Short-Term Investments | $ 2.6 B | |
| Cash | $ 2.6 B | |
| Net Receivables | $ 3.0 B | |
| Inventory | $ 3.6 B | |
| Long-Term Investments | $ 639.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 2.9 B | |
| Short-Term Debt | $ 1.7 B | |
| Total Current Liabilities | $ 7.2 B | |
| Net Debt | $ 10.3 B | |
| Total Debt | $ 14.3 B | |
| Total Liabilities | $ 23.8 B | |
| EQUITY | ||
| Total Equity | $ 10.0 B | |
| Retained Earnings | $ 6.7 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 31.11 | |
| Shares Outstanding | 322.770 M | |
| Revenue Per-Share | $ 22.30 | |
| VALUATION | Market Capitalization | $ 21.8 B |
| Enterprise Value | $ 33.4 B | |
| Enterprise Multiple | 54.095 | |
| Enterprise Multiple QoQ | -23.404 % | |
| Enterprise Multiple YoY | -19.226 % | |
| Enterprise Multiple IPRWA | high: 194.687 median: 117.885 mean: 100.702 LYB: 54.095 low: 10.334 |
|
| EV/R | 4.638 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 3.382 | |
| Asset To Liability | 1.427 | |
| Debt To Capital | 0.587 | |
| Debt To Assets | 0.42 | |
| Debt To Assets QoQ | -2.488 % | |
| Debt To Assets YoY | 16.616 % | |
| Debt To Assets IPRWA | high: 0.892 mean: 0.42 LYB: 0.42 median: 0.326 low: 0.003 |
|
| Debt To Equity | 1.42 | |
| Debt To Equity QoQ | -2.21 % | |
| Debt To Equity YoY | 36.852 % | |
| Debt To Equity IPRWA | high: 2.687 LYB: 1.42 mean: 1.057 median: 0.751 low: 0.004 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.167 | |
| Price To Book QoQ | 42.889 % | |
| Price To Book YoY | 20.538 % | |
| Price To Book IPRWA | high: 3.021 LYB: 2.167 median: 1.608 mean: 1.301 low: -0.199 |
|
| Price To Earnings (P/E) | 137.581 | |
| Price To Earnings QoQ | -175.343 % | |
| Price To Earnings YoY | -33.207 % | |
| Price To Earnings IPRWA | LYB: 137.581 high: 54.874 mean: -73.199 median: -81.887 low: -157.884 |
|
| PE/G Ratio | -0.477 | |
| Price To Sales (P/S) | 3.023 | |
| Price To Sales QoQ | 40.198 % | |
| Price To Sales YoY | 5.735 % | |
| Price To Sales IPRWA | high: 7.245 median: 5.182 mean: 3.464 LYB: 3.023 low: 0.203 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 37.892 | |
| Forward PE/G | -0.131 | |
| Forward P/S | 2.84 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -1906.542 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.212 | |
| Asset Turnover Ratio QoQ | 1.243 % | |
| Asset Turnover Ratio YoY | -2.148 % | |
| Asset Turnover Ratio IPRWA | high: 0.282 LYB: 0.212 mean: 0.165 median: 0.134 low: 0.088 |
|
| Receivables Turnover | 2.692 | |
| Receivables Turnover Ratio QoQ | -1.581 % | |
| Receivables Turnover Ratio YoY | 17.123 % | |
| Receivables Turnover Ratio IPRWA | high: 4.196 LYB: 2.692 mean: 2.295 median: 2.012 low: 1.622 |
|
| Inventory Turnover | 1.812 | |
| Inventory Turnover Ratio QoQ | 6.534 % | |
| Inventory Turnover Ratio YoY | 21.901 % | |
| Inventory Turnover Ratio IPRWA | high: 1.87 LYB: 1.812 median: 1.526 mean: 1.434 low: 0.443 |
|
| Days Sales Outstanding (DSO) | 33.891 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 44.534 | |
| Cash Conversion Cycle Days QoQ | -8.879 % | |
| Cash Conversion Cycle Days YoY | -12.914 % | |
| Cash Conversion Cycle Days IPRWA | high: 190.998 median: 79.447 mean: 71.188 LYB: 44.534 low: -4.195 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.86 | |
| CapEx To Revenue | -0.037 | |
| CapEx To Depreciation | -0.787 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 21.3 B | |
| Net Invested Capital | $ 23.0 B | |
| Invested Capital | $ 23.0 B | |
| Net Tangible Assets | $ 8.9 B | |
| Net Working Capital | $ 3.9 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.367 | |
| Current Ratio | 1.538 | |
| Current Ratio QoQ | -13.25 % | |
| Current Ratio YoY | -15.808 % | |
| Current Ratio IPRWA | high: 3.65 median: 2.17 mean: 1.919 LYB: 1.538 low: 0.71 |
|
| Quick Ratio | 1.033 | |
| Quick Ratio QoQ | -13.722 % | |
| Quick Ratio YoY | -0.431 % | |
| Quick Ratio IPRWA | high: 3.574 median: 1.559 mean: 1.271 LYB: 1.033 low: 0.404 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 23.099 | |
| Cost Of Debt | 0.573 % | |
| Interest Coverage Ratio | 1.993 | |
| Interest Coverage Ratio QoQ | -2730.346 % | |
| Interest Coverage Ratio YoY | 28.448 % | |
| Interest Coverage Ratio IPRWA | high: 17.093 LYB: 1.993 mean: -0.799 low: -2.393 median: -2.393 |
|
| Operating Cash Flow Ratio | -0.008 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 37.764 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 0.549 | |
| Dividend Payout Ratio | 1.821 | |
| Dividend Rate | $ 0.69 | |
| Dividend Yield | 0.01 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -0.132 % | |
| Revenue Growth | 1.495 % | |
| Revenue Growth QoQ | -118.163 % | |
| Revenue Growth YoY | -107.801 % | |
| Revenue Growth IPRWA | high: 21.874 % median: 4.698 % mean: 2.852 % LYB: 1.495 % low: -5.378 % |
|
| Earnings Growth | -288.462 % | |
| Earnings Growth QoQ | 218.342 % | |
| Earnings Growth YoY | 415.111 % | |
| Earnings Growth IPRWA | high: 8.333 % mean: -38.058 % median: -45.946 % low: -94.444 % LYB: -288.462 % |
|
| MARGINS | ||
| Gross Margin | 9.74 % | |
| Gross Margin QoQ | 106.181 % | |
| Gross Margin YoY | 36.205 % | |
| Gross Margin IPRWA | high: 32.665 % LYB: 9.74 % mean: 7.154 % low: 4.223 % median: 4.223 % |
|
| EBIT Margin | 3.821 % | |
| EBIT Margin QoQ | -2809.929 % | |
| EBIT Margin YoY | 76.735 % | |
| EBIT Margin IPRWA | high: 28.434 % LYB: 3.821 % mean: -0.663 % median: -5.053 % low: -6.711 % |
|
| Return On Sales (ROS) | 3.529 % | |
| Return On Sales QoQ | -452.547 % | |
| Return On Sales YoY | 63.228 % | |
| Return On Sales IPRWA | high: 28.321 % LYB: 3.529 % mean: -2.904 % low: -5.807 % median: -5.807 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -538.00 M | |
| Free Cash Flow Yield | -2.472 % | |
| Free Cash Flow Yield QoQ | -135.764 % | |
| Free Cash Flow Yield YoY | -48.905 % | |
| Free Cash Flow Yield IPRWA | high: 13.526 % median: -2.205 % LYB: -2.472 % mean: -2.843 % low: -14.09 % |
|
| Free Cash Growth | -150.899 % | |
| Free Cash Growth QoQ | -281.393 % | |
| Free Cash Growth YoY | -13.903 % | |
| Free Cash Growth IPRWA | high: 236.5 % mean: -135.408 % median: -135.72 % LYB: -150.899 % low: -578.947 % |
|
| Free Cash To Net Income | -4.374 | |
| Cash Flow Margin | -0.764 % | |
| Cash Flow To Earnings | -0.447 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 0.362 % | |
| Return On Assets QoQ | -186.396 % | |
| Return On Assets YoY | -26.572 % | |
| Return On Assets IPRWA | high: 1.833 % LYB: 0.362 % mean: -0.478 % median: -0.852 % low: -1.678 % |
|
| Return On Capital Employed (ROCE) | 1.027 % | |
| Return On Equity (ROE) | 0.012 | |
| Return On Equity QoQ | -187.003 % | |
| Return On Equity YoY | -14.515 % | |
| Return On Equity IPRWA | high: 0.055 LYB: 0.012 median: -0.02 mean: -0.032 low: -0.092 |
|
| DuPont ROE | 1.223 % | |
| Return On Invested Capital (ROIC) | 0.719 % | |
| Return On Invested Capital QoQ | -1853.659 % | |
| Return On Invested Capital YoY | 69.176 % | |
| Return On Invested Capital IPRWA | high: 2.851 % LYB: 0.719 % mean: -0.177 % median: -0.784 % low: -1.114 % |
|