Stock Analysis on Net

Albemarle Corp. (NYSE:ALB)

This company has been moved to the archive! The financial data has not been updated since May 3, 2023.

Analysis of Reportable Segments

Microsoft Excel

Segment Profit Margin

Albemarle Corp., profit margin by reportable segment

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Lithium 61.94% 35.18% 34.34% 38.65% 43.22%
Bromine 32.37% 31.97% 33.54% 32.71% 31.39%
Catalysts 3.19% 14.05% 16.31% 25.49% 25.81%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Segment profitability ratio Reportable segment The company
Segment profit margin Lithium Lithium segment profit margin ratio improved from 2020 to 2021 and from 2021 to 2022.
Bromine Bromine segment profit margin ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.
Catalysts Catalysts segment profit margin ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

Segment Profit Margin: Lithium

Albemarle Corp.; Lithium; segment profit margin calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Adjusted EBITDA 3,102,662 479,538 393,093 524,934 530,773
Net sales 5,008,850 1,363,284 1,144,778 1,358,170 1,228,171
Segment Profitability Ratio
Segment profit margin1 61.94% 35.18% 34.34% 38.65% 43.22%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Segment profit margin = 100 × Adjusted EBITDA ÷ Net sales
= 100 × 3,102,662 ÷ 5,008,850 = 61.94%

Segment profitability ratio Reportable segment The company
Segment profit margin Lithium Lithium segment profit margin ratio improved from 2020 to 2021 and from 2021 to 2022.

Segment Profit Margin: Bromine

Albemarle Corp.; Bromine; segment profit margin calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Adjusted EBITDA 456,916 360,682 323,605 328,457 288,116
Net sales 1,411,682 1,128,343 964,962 1,004,216 917,880
Segment Profitability Ratio
Segment profit margin1 32.37% 31.97% 33.54% 32.71% 31.39%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Segment profit margin = 100 × Adjusted EBITDA ÷ Net sales
= 100 × 456,916 ÷ 1,411,682 = 32.37%

Segment profitability ratio Reportable segment The company
Segment profit margin Bromine Bromine segment profit margin ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.

Segment Profit Margin: Catalysts

Albemarle Corp.; Catalysts; segment profit margin calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Adjusted EBITDA 28,732 106,941 130,134 270,624 284,307
Net sales 899,572 761,235 797,914 1,061,817 1,101,554
Segment Profitability Ratio
Segment profit margin1 3.19% 14.05% 16.31% 25.49% 25.81%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Segment profit margin = 100 × Adjusted EBITDA ÷ Net sales
= 100 × 28,732 ÷ 899,572 = 3.19%

Segment profitability ratio Reportable segment The company
Segment profit margin Catalysts Catalysts segment profit margin ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

Segment Return on Assets (Segment ROA)

Albemarle Corp., ROA by reportable segment

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Lithium 28.74% 6.25% 5.51% 7.99% 11.53%
Bromine 42.60% 38.38% 37.30% 41.09% 38.25%
Catalysts 2.37% 9.30% 12.21% 23.26% 25.05%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Segment profitability ratio Reportable segment The company
Segment ROA Lithium Lithium segment ROA improved from 2020 to 2021 and from 2021 to 2022.
Bromine Bromine segment ROA improved from 2020 to 2021 and from 2021 to 2022.
Catalysts Catalysts segment ROA deteriorated from 2020 to 2021 and from 2021 to 2022.

Segment ROA: Lithium

Albemarle Corp.; Lithium; segment ROA calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Adjusted EBITDA 3,102,662 479,538 393,093 524,934 530,773
Identifiable assets 10,795,997 7,676,259 7,134,229 6,570,791 4,605,070
Segment Profitability Ratio
Segment ROA1 28.74% 6.25% 5.51% 7.99% 11.53%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Segment ROA = 100 × Adjusted EBITDA ÷ Identifiable assets
= 100 × 3,102,662 ÷ 10,795,997 = 28.74%

Segment profitability ratio Reportable segment The company
Segment ROA Lithium Lithium segment ROA improved from 2020 to 2021 and from 2021 to 2022.

Segment ROA: Bromine

Albemarle Corp.; Bromine; segment ROA calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Adjusted EBITDA 456,916 360,682 323,605 328,457 288,116
Identifiable assets 1,072,535 939,808 867,648 799,456 753,157
Segment Profitability Ratio
Segment ROA1 42.60% 38.38% 37.30% 41.09% 38.25%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Segment ROA = 100 × Adjusted EBITDA ÷ Identifiable assets
= 100 × 456,916 ÷ 1,072,535 = 42.60%

Segment profitability ratio Reportable segment The company
Segment ROA Bromine Bromine segment ROA improved from 2020 to 2021 and from 2021 to 2022.

Segment ROA: Catalysts

Albemarle Corp.; Catalysts; segment ROA calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Adjusted EBITDA 28,732 106,941 130,134 270,624 284,307
Identifiable assets 1,214,482 1,149,592 1,066,089 1,163,590 1,134,975
Segment Profitability Ratio
Segment ROA1 2.37% 9.30% 12.21% 23.26% 25.05%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Segment ROA = 100 × Adjusted EBITDA ÷ Identifiable assets
= 100 × 28,732 ÷ 1,214,482 = 2.37%

Segment profitability ratio Reportable segment The company
Segment ROA Catalysts Catalysts segment ROA deteriorated from 2020 to 2021 and from 2021 to 2022.

Segment Asset Turnover

Albemarle Corp., asset turnover by reportable segment

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Lithium 0.46 0.18 0.16 0.21 0.27
Bromine 1.32 1.20 1.11 1.26 1.22
Catalysts 0.74 0.66 0.75 0.91 0.97

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Segment activity ratio Reportable segment The company
Segment asset turnover Lithium Lithium segment asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.
Bromine Bromine segment asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.
Catalysts Catalysts segment asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 not reaching 2020 level.

Segment Asset Turnover: Lithium

Albemarle Corp.; Lithium; segment asset turnover calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Net sales 5,008,850 1,363,284 1,144,778 1,358,170 1,228,171
Identifiable assets 10,795,997 7,676,259 7,134,229 6,570,791 4,605,070
Segment Activity Ratio
Segment asset turnover1 0.46 0.18 0.16 0.21 0.27

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Segment asset turnover = Net sales ÷ Identifiable assets
= 5,008,850 ÷ 10,795,997 = 0.46

Segment activity ratio Reportable segment The company
Segment asset turnover Lithium Lithium segment asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Segment Asset Turnover: Bromine

Albemarle Corp.; Bromine; segment asset turnover calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Net sales 1,411,682 1,128,343 964,962 1,004,216 917,880
Identifiable assets 1,072,535 939,808 867,648 799,456 753,157
Segment Activity Ratio
Segment asset turnover1 1.32 1.20 1.11 1.26 1.22

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Segment asset turnover = Net sales ÷ Identifiable assets
= 1,411,682 ÷ 1,072,535 = 1.32

Segment activity ratio Reportable segment The company
Segment asset turnover Bromine Bromine segment asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Segment Asset Turnover: Catalysts

Albemarle Corp.; Catalysts; segment asset turnover calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Net sales 899,572 761,235 797,914 1,061,817 1,101,554
Identifiable assets 1,214,482 1,149,592 1,066,089 1,163,590 1,134,975
Segment Activity Ratio
Segment asset turnover1 0.74 0.66 0.75 0.91 0.97

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Segment asset turnover = Net sales ÷ Identifiable assets
= 899,572 ÷ 1,214,482 = 0.74

Segment activity ratio Reportable segment The company
Segment asset turnover Catalysts Catalysts segment asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 not reaching 2020 level.

Segment Capital Expenditures to Depreciation

Albemarle Corp., capital expenditures to depreciation by reportable segment

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Lithium 5.34 5.86 6.38 6.69 5.26
Bromine 2.84 1.38 1.14 1.73 1.91
Catalysts 1.29 0.96 0.89 1.16 1.06

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Lithium Lithium segment capital expenditures to depreciation ratio deteriorated from 2020 to 2021 and from 2021 to 2022.
Bromine Bromine segment capital expenditures to depreciation ratio improved from 2020 to 2021 and from 2021 to 2022.
Catalysts Catalysts segment capital expenditures to depreciation ratio improved from 2020 to 2021 and from 2021 to 2022.

Segment Capital Expenditures to Depreciation: Lithium

Albemarle Corp.; Lithium; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Capital expenditures 1,010,661 813,128 720,563 665,585 500,849
Depreciation and amortization 189,347 138,772 112,854 99,424 95,193
Segment Financial Ratio
Segment capital expenditures to depreciation1 5.34 5.86 6.38 6.69 5.26

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 1,010,661 ÷ 189,347 = 5.34

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Lithium Lithium segment capital expenditures to depreciation ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

Segment Capital Expenditures to Depreciation: Bromine

Albemarle Corp.; Bromine; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Capital expenditures 153,407 70,711 57,486 82,208 79,357
Depreciation and amortization 54,096 51,181 50,310 47,611 41,607
Segment Financial Ratio
Segment capital expenditures to depreciation1 2.84 1.38 1.14 1.73 1.91

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 153,407 ÷ 54,096 = 2.84

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Bromine Bromine segment capital expenditures to depreciation ratio improved from 2020 to 2021 and from 2021 to 2022.

Segment Capital Expenditures to Depreciation: Catalysts

Albemarle Corp.; Catalysts; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Capital expenditures 66,319 49,312 44,448 57,939 52,019
Depreciation and amortization 51,417 51,588 49,985 50,144 49,131
Segment Financial Ratio
Segment capital expenditures to depreciation1 1.29 0.96 0.89 1.16 1.06

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 66,319 ÷ 51,417 = 1.29

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Catalysts Catalysts segment capital expenditures to depreciation ratio improved from 2020 to 2021 and from 2021 to 2022.

Net sales

Albemarle Corp., net sales by reportable segment

US$ in thousands

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Lithium 5,008,850 1,363,284 1,144,778 1,358,170 1,228,171
Bromine 1,411,682 1,128,343 964,962 1,004,216 917,880
Catalysts 899,572 761,235 797,914 1,061,817 1,101,554
All Other 75,095 221,255 165,224 127,186
Corporate 159
Total 7,320,104 3,327,957 3,128,909 3,589,427 3,374,950

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).


Adjusted EBITDA

Albemarle Corp., adjusted ebitda by reportable segment

US$ in thousands

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Lithium 3,102,662 479,538 393,093 524,934 530,773
Bromine 456,916 360,682 323,605 328,457 288,116
Catalysts 28,732 106,941 130,134 270,624 284,307
All Other 29,858 84,821 49,628 14,091
Corporate (112,453) (106,045) (112,915) (136,862) (110,623)
Total 3,475,857 870,974 818,738 1,036,781 1,006,664

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).


Identifiable assets

Albemarle Corp., identifiable assets by reportable segment

US$ in thousands

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Lithium 10,795,997 7,676,259 7,134,229 6,570,791 4,605,070
Bromine 1,072,535 939,808 867,648 799,456 753,157
Catalysts 1,214,482 1,149,592 1,066,089 1,163,590 1,134,975
All Other 136,659 146,211 128,185
Corporate 2,373,508 1,208,459 1,246,321 1,180,815 960,287
Total 15,456,522 10,974,118 10,450,946 9,860,863 7,581,674

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).


Depreciation and amortization

Albemarle Corp., depreciation and amortization by reportable segment

US$ in thousands

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Lithium 189,347 138,772 112,854 99,424 95,193
Bromine 54,096 51,181 50,310 47,611 41,607
Catalysts 51,417 51,588 49,985 50,144 49,131
All Other 1,870 8,498 8,440 8,073
Corporate 5,981 10,589 10,337 7,865 6,694
Total 300,841 254,000 231,984 213,484 200,698

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).


Capital expenditures

Albemarle Corp., capital expenditures by reportable segment

US$ in thousands

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Lithium 1,010,661 813,128 720,563 665,585 500,849
Bromine 153,407 70,711 57,486 82,208 79,357
Catalysts 66,319 49,312 44,448 57,939 52,019
All Other 2,339 6,792 7,309 5,232
Corporate 31,259 18,177 21,188 38,755 62,534
Total 1,261,646 953,667 850,477 851,796 699,991

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).