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LyondellBasell Industries N.V. (LYB)
NYSE - Nasdaq Real Time Price. Currency in USD
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&orbes analyst of LYB dividend "Prior to the COVID-19 pandemic, LyondellBasell grew net operating profit after-tax (NOPAT) by 1% compounded annually from 2011 to 2019. Despite plummeting in 2020, LyondellBasell’s NOPAT margins have risen from 11% in 2019 (pre-pandemic) to 15% over the trailing twelve months (TTM). Return on invested capital (ROIC) has risen from 13% to 18% over the same time.
Figure 1: LyondellBasell’s NOPAT Since 2011
LyondellBasell’s NOPAT Since 2011
LyondellBasell’s NOPAT Since 2011 NEW CONSTRUCTS, LLC
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Free Cash Flow Exceeds Dividend Payments
LyondellBasell’s business generates significant free cash flow (FCF) to support its dividend payment. The company has paid dividends every quarter since 2011 and increased its regular dividend from $3.33/share in 2016 to $4.20/share in 2020. The current regular quarterly dividend, when annualized, provides a 4.9% dividend yield.
Since 2016, LyondellBasell’s cumulative FCF easily exceeds its regular dividend payments. From 2016 to 2020, LyondellBasell generated $8.3 billion (27% of current market cap) in FCF while paying $7.2 billion in dividends, per Figure 2. Over the TTM, the firm generated $1.5 billion in FCF and paid the same amount in dividends.
Figure 2: LyondellBasell’s FCF vs. Standard Dividends Since 2016
LyondellBasell’s FCF vs. Standard Dividends Since 2016
LyondellBasell’s FCF vs. Standard Dividends Since 2016 NEW CONSTRUCTS, LLC
Companies with strong FCF provide higher quality dividend yields because I know the firm has the cash to support its dividend. On the other hand, dividends from companies with low or negative FCF cannot be trusted as much because the company may not be able to sustain paying dividends.
LyondellBasell Is Undervalued
At its current price of $89/share, LyondellBasell has a price-to-economic book value (PEBV) ratio of 0.3. This ratio means the market expects LyondellBasell’s NOPAT to permanently decline by 70%. This expectation seems overly pessimistic given that LyondellBasell grew NOPAT by 1% compounded annually from 2011 to 2019 before the pandemic and has seen a significant rebound in profits over the TTM.
Even if LyondellBasell’s NOPAT margin falls to 11% (10-year average vs. 15% TTM NOPAT margin) and the company’s NOPAT grows by just 6% compounded annually over the next decade, the stock is worth $124/share today – a 39% upside. See the math behind this reverse DCF scenario. In this scenario, LyondellBasell’s NOPAT in 2030 equals 2019 levels and is 42% below TTM levels. Should the company’s NOPAT exceed 2019 levels, the stock has even more upside.
What a beautiful 5.4% yield
I got a question, hoping someone here can help me out.
The ex-dividend date is 11-26-21 but I never got a notification the dividend has been paid, was looking to cut down about 5-10% of my shares after the dividend gets paid.
What date do I have to hold the shares to get the dividend?
I'm very bullish on this company, was just too much a % of my portfolio. nothing against the stock at all
Who wouldn’t buy this hand over fist
Roe of 60%…. Eps $17. Pe of 5.5…. I don’t know how much better it can get.
Always buy when it hits 5% yield
Is it the 20th? Hmmm looky here
Bought at $86.81
Gorgeous value at these levels
PE of 5, has a diverse customer base, strong demand, domestic supply chain- hated by Wall Street.
Paying off debt is great, lets buy back some stock next.
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LyondellBasell Industries is down 4.96% to 87.02
they may have some margin pressures going forward, but their earnings are fantastic. so what if they did not beat a very high earnings projection amount. they made gobs of money. nice fat dividend too. this is a great company.
Added to my position at $95.00. Down a few bucks but that's ok. Strong earnings, good dividend, important products!
Looks like the Lyb dip happened today the 21st. Note to self.. buy all of your sticks at or around the 20th if every month.
Buyer at $92.00 for a 5% yield
LYB pay date 12/07-$1.13 , thanks Santa
Great ---Early Bird--- Buying this morning! Nibble, nibble, and hopeful for some lower dips to add more! glt
Bought @ 90.3 today
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