Price to Operating Profit (P/OP)
since 2011
Calculation
LyondellBasell Industries N.V., P/OP, long-term trends, calculation
| P/OP | = | Share price1, 2, 3 | ÷ | Operating profit per share1 | Operating profit per share1 | = | Operating income1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 21, 2019 | 6.28 | = | 88.50 | ÷ | 14.09 | 14.09 | = | 5,231 | ÷ | 371,156,998 | |
| Feb 22, 2018 | 8.01 | = | 110.83 | ÷ | 13.84 | 13.84 | = | 5,460 | ÷ | 394,556,328 | |
| Feb 17, 2017 | 7.39 | = | 92.91 | ÷ | 12.57 | 12.57 | = | 5,060 | ÷ | 402,531,335 | |
| Feb 16, 2016 | 5.50 | = | 77.93 | ÷ | 14.16 | 14.16 | = | 6,122 | ÷ | 432,200,532 | |
| Feb 17, 2015 | 7.48 | = | 89.94 | ÷ | 12.02 | 12.02 | = | 5,736 | ÷ | 477,142,443 | |
| Feb 20, 2014 | 9.19 | = | 85.80 | ÷ | 9.33 | 9.33 | = | 5,102 | ÷ | 546,551,455 | |
| Feb 12, 2013 | 7.44 | = | 60.51 | ÷ | 8.13 | 8.13 | = | 4,676 | ÷ | 575,304,233 | |
| Feb 29, 2012 | 6.20 | = | 43.18 | ÷ | 6.97 | 6.97 | = | 3,998 | ÷ | 573,708,873 |
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), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of LyondellBasell Industries N.V. Annual Report.
The financial trajectory between 2012 and 2019 is characterized by a general expansion in both market valuation and operational profitability, although the Price to Operating Profit (P/OP) ratio exhibited notable volatility over the period.
- Share Price Trends
- The share price experienced a strong upward trajectory for much of the period, rising from 43.18 US$ in 2012 to a peak of 110.83 US$ in 2018. A moderate decline occurred in 2016, followed by a recovery, and a more significant correction in 2019, where the price closed at 88.50 US$.
- Operating Profit per Share Growth
- Operating profit per share demonstrated consistent growth, increasing from 6.97 US$ in 2012 to 14.16 US$ by 2016. Despite a slight dip in 2017, the profit per share remained resilient, ending the period at 14.09 US$ in 2019, effectively doubling its 2012 value.
- Price to Operating Profit (P/OP) Dynamics
- The P/OP ratio fluctuated significantly, reflecting varying degrees of market sentiment relative to operational performance. The ratio peaked at 9.19 in 2014, indicating a period of higher valuation relative to earnings. Conversely, the ratio reached a period low of 5.50 in 2016, coinciding with the peak in operating profit per share, suggesting that profit growth outpaced share price appreciation during that year. The period concluded with a P/OP of 6.28 in 2019, returning to levels similar to those observed in 2012.
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Comparison to Competitors
LyondellBasell Industries N.V., P/OP, long-term trends, comparison to competitors
| LyondellBasell Industries N.V. | Linde plc | |
|---|---|---|
| Feb 21, 2019 | 6.28 | 16.21 |
| Feb 22, 2018 | 8.01 | 17.56 |
| Feb 17, 2017 | 7.39 | 15.33 |
| Feb 16, 2016 | 5.50 | 12.50 |
| Feb 17, 2015 | 7.48 | 14.24 |
| Feb 20, 2014 | 9.19 | 14.25 |
| Feb 12, 2013 | 7.44 | 13.64 |
| Feb 29, 2012 | 6.20 | 13.18 |
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), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).