| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 88 | — | 17.8x | Top tier | |
Growth | 15 | -1.7% | 7.1% | Bottom tier | |
Quality | 22 | 3.2% | 4.5% | Bottom tier | |
Safety | 46 | 3.8x | 2.6x | Around median | |
Capital Return | 29 | 6.47% | 2.12% | Bottom tier | |
Momentum | 61 | 4.9% | 2.9% | Around median | |
Sentiment | 82 | 10 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
LyondellBasell Industries N.V. operates through an integrated portfolio of olefins and polyolefins in the Americas, Europe, Asia, and international markets, alongside intermediates and derivatives, advanced polymer solutions, and licensing and catalyst technologies. Earnings depend on polyethylene and polypropylene spreads, feedstock costs, and plant operating rates, while the Oxyfuels business benefits from the cost spread between butane and methanol versus crude oil and from gasoline refining margins; the company produces approximately 75% of Oxyfuels in the United States. Following the sale of four European assets in May 2026, 80% of global ethylene capacity became linked to competitively priced feedstocks, while the company continues to steer its portfolio toward higher-value applications and circular and low-carbon solutions.
In Q2 FY2026, revenue was $9.2 billion, gross profit was $2.0 billion, net income was $559 million, and earnings per share according to EDGAR were approximately $1.71; this equates to a gross profit margin of approximately 21.7% and a net income margin of approximately 6.1%. Based on the adjusted results presented by management, diluted earnings per share were $4.30 and EBITDA was approximately $2.1 billion, more than three times the previous quarter, while the EBITDA margin reached 23%. Segment EBITDA was led by O&P Americas at $1.3 billion, followed by I&D at $386 million, O&P Europe, Asia & International at $331 million, APS at $78 million, and Technology at $74 million.
Q2 FY2026 results reflect a sharp improvement from Q1 FY2026, when the company recorded revenue of $7.2 billion and net income of $125 million. Nevertheless, profitability remains cyclical and volatile; FY2025 revenue was $30.2 billion, with a net loss of $738 million. The company ended Q2 FY2026 with $2.6 billion in cash and $7.1 billion in available liquidity, after generating $752 million in operating cash flow, spending $270 million on capital expenditures, and distributing $224 million to shareholders.
The average analyst target is $70.82, with a “Buy” consensus and a target range between $62 and $83; the highest target is very close to the top of the 52-week range of $83.94, while the lowest target remains clearly above the bottom of the range of $41.58. No meaningful price-to-earnings multiple is available in the data because of the losses recorded in FY2025 and the latest twelve-month period, so the valuation is largely tied to the sustainability of the margin recovery and the cash improvement plan, while the wide target range remains evidence of uncertainty.
Figures in the text are as of 2026-08-29; the live price is shown at the top of the page.
LyondellBasell reported revenue of approximately $9.2 billion, net income of $559 million, and adjusted EBITDA of $2.1 billion in Q2 FY2026. The company benefited from the Middle East supply disruption, which raised the polyethylene contract price by $0.30 per pound in April 2026, alongside lower ethane and natural gas costs and higher co-product prices. O&P Americas alone generated EBITDA of $1.3 billion and an adjusted margin of 36%, with cracker operating rates of approximately 95%.
Management believes the recovery of petrochemical supplies will take several quarters and estimates that approximately 6 million tons of affected polyethylene capacity in the Middle East will not return before at least 2027. Chinese polyethylene inventories have also declined by approximately 30% from their pre-conflict level, which may require imports to resume in order to rebuild them. Conversely, the company expects O&P Americas operating rates to decline to 85% and O&P Europe, Asia & International operating rates to decline to 70% in Q3 FY2026, so earnings may differ from the exceptional Q2 level.
The unplanned Bayport PO/TBA outage reduced I&D segment EBITDA by approximately $250 million in Q2 FY2026. The company restarted the asset and brought it to full rates in June 2026, allowing volumes of propylene oxide derivatives and MTBE to increase. Management is targeting an operating rate of approximately 85% for the I&D segment in Q3 FY2026, but explained that the $250 million cannot be automatically added to the following quarter’s earnings because of changes in oil prices and gasoline margins.
Automated analysis for informational purposes only — not investment advice.
The plan targets an additional $500 million in cash flow by the end of FY2026, driven primarily by reductions in fixed costs and capital expenditures. The company has reduced its workforce by approximately 3,400 employees, or 17%, since the beginning of FY2025 and reduced its management structure by approximately 30%. In Q2 FY2026, it generated $752 million in operating cash flow while maintaining its annual capital expenditure plan at $1.2 billion.
MoReTec 1 is a facility in Wesseling dedicated to supporting LyondellBasell’s circular and low-carbon solutions, with startup targeted for the end of FY2027. Management stated that the vast majority of the facility’s capacity has been presold through agreements with brand owners and that the expected value exceeded the assumptions from the March 2023 Capital Markets Day. Conversely, the MoReTec 2 project in the United States was deferred because of the priority given to the cash improvement plan and the slower development of regulatory frameworks compared with Europe.
Risks include Clinton maintenance lasting approximately 70 days, the Lake Charles outage extending from Q3 into Q4 FY2026, and the potential impact of low Rhine River water levels on European asset operations. Reliability issues at the synthesis gas unit in La Porte also continue to affect acetic acid and VAM production, despite the target of returning to full rates during Q3 FY2026. Additional risks include seasonal moderation in automotive demand and raw material cost pressure in APS, as well as the expected decline in Technology segment EBITDA from the $74 million recorded in Q2.
