Axalta Coating Systems Show Signs of Improvement in Recent Report
December 28, 2023
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The last report from Axalta Coating Systems ($NYSE:AXTA) showed signs of improvement, with the company’s stock increasing in value. Axalta Coating Systems is a leading global manufacturer of coatings for automotive, commercial and industrial vehicles. The company produces a variety of products and services under brands such as Nap-Gard, Spies Hecker and Axalta Refinish. The company also provides customised services for customers, including colour matching, product services and technical support. The company attributed the gains to improved performance in North America, Europe and Asia. This suggests that investors have a bullish outlook on the company’s future prospects.
Additionally, the company has taken steps to cut costs and enhance efficiency in order to improve their bottom line. With their focus on cost-cutting and efficiency, the company appears to be well-positioned to take advantage of opportunities in the market. Investors should continue to monitor the progress of the company for further evidence of improvement in their operations.
Share Price
On Wednesday, AXALTA COATING SYSTEMS gave investors reason to be hopeful with a small but noteworthy change in its stock price. The company opened at $34.2 and closed at the same price, up by 0.1% from the prior closing price of $34.2. While this may not appear to be a large gain, it is indicative of a trend of improvement in AXALTA COATING SYSTEMS’ overall performance. This is an encouraging sign for investors and points to potential long-term growth for the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AXTA. More…
| Total Revenues | Net Income | Net Margin |
| 5.12k | 237.9 | 5.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AXTA. More…
| Operations | Investing | Financing |
| 534.9 | -103 | -346.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AXTA. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7k | 5.35k | 7.29 |
Key Ratios Snapshot
Some of the financial key ratios for AXTA are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.8% | 28.8% | 9.9% |
| FCF Margin | ROE | ROA |
| 7.5% | 19.5% | 4.5% |
Analysis
GoodWhale has conducted an analysis of AXALTA COATING SYSTEMS’ wellbeing. Our Star Chart shows that AXALTA COATING SYSTEMS is strong in profitability, medium in growth and weak in asset, dividend. We have classified the company as a ‘gorilla’, a type of company we conclude that achieved stable and high revenue or earning growth due to its strong competitive advantage. In such a case, long-term investors are likely to be interested in this company. AXALTA COATING SYSTEMS has a high health score of 8/10 considering its cashflows and debt, meaning it is capable to safely ride out any crisis without the risk of bankruptcy. With a combination of strong profitability, stable growth, and good health score, AXALTA COATING SYSTEMS is an attractive investment for long-term investors. More…
Peers
Axalta Coating Systems Ltd is one of the world’s leading suppliers of liquid and powder coatings. The company’s products are used in a variety of industries, including automotive, aerospace, architectural, industrial, and consumer applications. Axalta Coating Systems’ competitors include Fuchs Petrolub SE, Itaconix PLC, and Hartalega Holdings Bhd.
– Fuchs Petrolub SE ($OTCPK:FUPBY)
Fuchs Petrolub SE is a specialty chemicals company that produces and markets lubricants, greases, and related specialties. The company operates in three segments: Lubricants, Greases, and Specialties. The Lubricants segment offers engine oils, transmission fluids, and industrial oils. The Greases segment offers greases for the automotive, industrial, and marine industries. The Specialties segment offers metal working fluids, cleaners, and corrosion preventives. Fuchs Petrolub SE was founded in 1931 and is headquartered in Mannheim, Germany.
– Itaconix PLC ($LSE:ITX)
Itaconix PLC is a United Kingdom-based company, which is engaged in the development and commercialization of polymers and other products. The Company’s segments include Polymer Products, which is engaged in the development and commercialization of Itaconicon and other polymers; and Other Products, which is engaged in the development and commercialization of products, including resins, adhesives and coatings. Its products are used in a range of applications, including detergents, hair care, and cosmetics. The Company’s products are sold in the United Kingdom, the United States, Europe, Asia and South America.
– Hartalega Holdings Bhd ($KLSE:5168)
Hartalega Holdings Bhd is a Malaysian-based company that manufactures and sells nitrile gloves. The company has a market cap of 6.22 billion as of 2022 and a return on equity of 23.22%. Hartalega Holdings is the world’s largest producer of nitrile gloves, and has a significant market share in the global glove market. The company has a strong financial position, with robust cash flow and low debt levels. Hartalega Holdings is well-positioned to continue its growth trajectory in the coming years.
Summary
Axalta Coating Systems recently reported its quarterly earnings, showing signs of improvement from previous periods. With strong growth in its core markets and a healthy balance sheet, the company appears to be headed in the right direction. Going forward, investors should look for continued growth in revenue and profits, as well as expanding product lines and expansion into new markets.
