LYB LyondellBasell

materials · 2026-10-26

N/A

too hard · 37

Owner-earnings value—

Price$66.45

Margin of safety —

Quality gate · 37/100

Returns on capital 5.8/30

Consistency 11.3/22

Margins / pricing power 5.3/16

Balance sheet 0/16

Cash conversion 10/10

Capital allocation 4.9/6

⚠ sub-hurdle returns (median roic 8% < 9%) · over-levered (net debt/EBITDA 5.9x > 4x)

Median ROIC8.2%

Gross margin12.8%

Net debt / EBITDA5.9x

FCF conversion151%

Share count / yr-0.4%

Profitable years3/4

Moat & management

Owner-earnings inputs

Owner earnings (TTM)	-324.00M
Owner-earnings yield	-1.5%
Free-cash-flow yield	7.4%
Growth used (normalized)	—
Terminal growth	—
Discount rate (hurdle)	—

⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · non-positive owner earnings — cannot value as a going wonderful business

Date	Quality	Price	Value	MoS	Rating
2026-10-26	37	$66.45	—	—	N/A
2026-09-24	37	$59.97	—	—	N/A
2026-08-24	37	$67.53	—	—	N/A
2026-07-22	37	$61.19	—	—	N/A
2026-07-02	37	$52.58	—	—	N/A
2026-06-25	37	$56.12	—	—	N/A
2026-06-23	37	$57.60	—	—	N/A

Date

Quality

Price

Value

MoS

Rating

2026-10-26

$66.45

—

N/A

2026-09-24

$59.97

—

N/A

2026-08-24

$67.53

—

N/A

2026-07-22

$61.19

—

N/A

2026-07-02

$52.58

—

N/A

2026-06-25

$56.12

—

N/A

2026-06-23

$57.60

—

N/A

Quality gate · 37/100

Moat & management

Owner-earnings inputs

History