Stock Analysis on Net
Stock Analysis on Net

LyondellBasell Industries N.V. (NYSE:LYB)

This company has been moved to the archive! The financial data has not been updated since August 2, 2019.

Analysis of Investments

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Adjustment to Net Income (Loss): Mark to Market Available-for-sale Securities

LyondellBasell Industries N.V., adjustment to net income attributable to the Company shareholders

US$ in millions

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12 months ended: Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Net income attributable to the Company shareholders (as reported) 4,688 4,879 3,836 4,476 4,174
Add: Unrealized gains (losses) on available-for-sale debt securities — (3) 6 (5) —
Net income attributable to the Company shareholders (adjusted) 4,688 4,876 3,842 4,471 4,174

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

Adjusted Profitability Ratios: Mark to Market Available-for-sale Securities (Summary)

LyondellBasell Industries N.V., adjusted profitability ratios

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Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Net Profit Margin
Reported net profit margin 12.02% 14.15% 13.14% 13.67% 9.15%
Adjusted net profit margin 12.02% 14.14% 13.17% 13.66% 9.15%
Return on Equity (ROE)
Reported ROE 45.71% 54.52% 63.43% 68.34% 50.20%
Adjusted ROE 45.71% 54.49% 63.53% 68.26% 50.20%
Return on Assets (ROA)
Reported ROA 16.58% 18.62% 16.36% 19.67% 17.19%
Adjusted ROA 16.58% 18.61% 16.39% 19.65% 17.19%

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by revenue. LyondellBasell Industries N.V. adjusted net profit margin ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by shareholders’ equity. LyondellBasell Industries N.V. adjusted ROE deteriorated from 2016 to 2017 and from 2017 to 2018.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by total assets. LyondellBasell Industries N.V. adjusted ROA improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018 not reaching 2016 level.

LyondellBasell Industries N.V., Profitability Ratios: Reported vs. Adjusted

Adjusted Net Profit Margin

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Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
As Reported
Selected Financial Data (US$ in millions)
Net income attributable to the Company shareholders 4,688 4,879 3,836 4,476 4,174
Sales and other operating revenues 39,004 34,484 29,183 32,735 45,608
Profitability Ratio
Net profit margin1 12.02% 14.15% 13.14% 13.67% 9.15%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in millions)
Adjusted net income attributable to the Company shareholders 4,688 4,876 3,842 4,471 4,174
Sales and other operating revenues 39,004 34,484 29,183 32,735 45,608
Profitability Ratio
Adjusted net profit margin2 12.02% 14.14% 13.17% 13.66% 9.15%

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

2018 Calculations

1 Net profit margin = 100 × Net income attributable to the Company shareholders ÷ Sales and other operating revenues
= 100 × 4,688 ÷ 39,004 = 12.02%

2 Adjusted net profit margin = 100 × Adjusted net income attributable to the Company shareholders ÷ Sales and other operating revenues
= 100 × 4,688 ÷ 39,004 = 12.02%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by revenue. LyondellBasell Industries N.V. adjusted net profit margin ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018.

Adjusted Return on Equity (ROE)

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Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
As Reported
Selected Financial Data (US$ in millions)
Net income attributable to the Company shareholders 4,688 4,879 3,836 4,476 4,174
Total Company share of stockholders’ equity 10,257 8,949 6,048 6,550 8,314
Profitability Ratio
ROE1 45.71% 54.52% 63.43% 68.34% 50.20%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in millions)
Adjusted net income attributable to the Company shareholders 4,688 4,876 3,842 4,471 4,174
Total Company share of stockholders’ equity 10,257 8,949 6,048 6,550 8,314
Profitability Ratio
Adjusted ROE2 45.71% 54.49% 63.53% 68.26% 50.20%

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

2018 Calculations

1 ROE = 100 × Net income attributable to the Company shareholders ÷ Total Company share of stockholders’ equity
= 100 × 4,688 ÷ 10,257 = 45.71%

2 Adjusted ROE = 100 × Adjusted net income attributable to the Company shareholders ÷ Total Company share of stockholders’ equity
= 100 × 4,688 ÷ 10,257 = 45.71%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by shareholders’ equity. LyondellBasell Industries N.V. adjusted ROE deteriorated from 2016 to 2017 and from 2017 to 2018.

Adjusted Return on Assets (ROA)

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Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
As Reported
Selected Financial Data (US$ in millions)
Net income attributable to the Company shareholders 4,688 4,879 3,836 4,476 4,174
Total assets 28,278 26,206 23,442 22,757 24,283
Profitability Ratio
ROA1 16.58% 18.62% 16.36% 19.67% 17.19%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in millions)
Adjusted net income attributable to the Company shareholders 4,688 4,876 3,842 4,471 4,174
Total assets 28,278 26,206 23,442 22,757 24,283
Profitability Ratio
Adjusted ROA2 16.58% 18.61% 16.39% 19.65% 17.19%

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

2018 Calculations

1 ROA = 100 × Net income attributable to the Company shareholders ÷ Total assets
= 100 × 4,688 ÷ 28,278 = 16.58%

2 Adjusted ROA = 100 × Adjusted net income attributable to the Company shareholders ÷ Total assets
= 100 × 4,688 ÷ 28,278 = 16.58%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by total assets. LyondellBasell Industries N.V. adjusted ROA improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018 not reaching 2016 level.