AdvanSix Inc. (ASIX) 10-Year Financial Performance & Capital Metrics

ASIX • • Industrial / General

Basic MaterialsChemicalsSpecialty Polymers & ResinsNylon & Polyamide Producers

AboutAdvanSix Inc. manufactures and sells polymer resins in the United States and internationally. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce fibers, filaments, engineered plastics and films. The company also provides caprolactam to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone that are used in the production of adhesives, paints, coatings, solvents, herbicides, and engineered plastic resins, as well as other intermediate chemicals, including phenol, alpha-methyl styrene, cyclohexanone, methyl ethyl ketoxime, acetaldehyde oxime, 2-pentanone oxime, cyclohexanol, sulfuric acid, ammonia, and carbon dioxide. It offers its products under the Aegis, Capra, Sulf-N, Nadone, Naxol, and EZ-Blox brands. The company sells its products directly, as well as through distributors. AdvanSix Inc. was incorporated in 2016 and is headquartered in Parsippany, New Jersey.Show more

Revenue $1.52B -1.0%
EBITDA $135M -5.2%
Net Income $44M -19.2%
EPS (Diluted) 1.62 -16.9%
Gross Margin 10.08% -6.4%
EBITDA Margin 8.9% -4.2%
Operating Margin 3.88% -14.4%
Net Margin 2.91% -18.3%
ROE 5.83% -21.1%
ROIC 4.25% -22.1%
Debt/Equity 0.45 +25.2%
Interest Coverage 5.21 -43.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 3.5%
✓Share count reduced 2.7% through buybacks
✓Trading at only 0.6x book value

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-1.64%

5Y3.18%

3Y-3.42%

TTM-5.05%

Profit (Net Income) CAGR

10Y-6.21%

5Y1.32%

3Y-31.9%

TTM35.42%

EPS CAGR

10Y-5.12%

5Y2.53%

3Y-30.42%

TTM36.38%

ROCE

10Y Avg13.3%

5Y Avg13.01%

3Y Avg10.91%

Latest4.96%

Peer Comparison

Nylon & Polyamide Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ASIXAdvanSix Inc.	481.94M	17.94	11.07	-1.05%	3.52%	6.41%	0.35%	0.45

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.33B	1.19B	1.48B	1.51B	1.3B	1.16B	1.68B	1.95B	1.53B	1.52B
Revenue Growth %	-0.26%	-0.1%	0.24%	0.03%	-0.14%	-0.11%	0.45%	0.15%	-0.21%	-0.01%
Cost of Goods Sold+	1.18B	1.08B	1.25B	1.34B	1.16B	1.02B	1.41B	1.63B	1.37B	1.36B
COGS % of Revenue	0.89%	0.91%	0.85%	0.88%	0.9%	0.88%	0.84%	0.84%	0.89%	0.9%
Gross Profit+	149.76M	107.63M	226.18M	174.49M	135.47M	133.75M	274.12M	314.48M	165.09M	152.94M
Gross Margin %	0.11%	0.09%	0.15%	0.12%	0.1%	0.12%	0.16%	0.16%	0.11%	0.1%
Gross Profit Growth %	-0.18%	-0.28%	1.1%	-0.23%	-0.22%	-0.01%	1.05%	0.15%	-0.48%	-0.07%
Operating Expenses+	52.4M	53.75M	72.81M	81.22M	75.38M	133.75M	82.98M	87.75M	95.54M	94.02M
OpEx % of Revenue	0.04%	0.05%	0.05%	0.05%	0.06%	0.12%	0.05%	0.05%	0.06%	0.06%
Selling, General & Admin	52.4M	53.75M	72.81M	81.22M	75.38M	70.87M	82.98M	87.75M	95.54M	94.02M
SG&A % of Revenue	0.04%	0.05%	0.05%	0.05%	0.06%	0.06%	0.05%	0.05%	0.06%	0.06%
Research & Development	12.81M	13.76M	12.9M	14.8M	13.9M	0	0	0	0	0
R&D % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	-	-	-	-	-
Other Operating Expenses	2.88M	-102K	-8.73M	-7.5M	-13.9M	62.88M	0	0	0	0
Operating Income+	97.36M	53.88M	153.37M	93.26M	60.1M	0	191.14M	226.73M	69.55M	58.91M
Operating Margin %	0.07%	0.05%	0.1%	0.06%	0.05%	-	0.11%	0.12%	0.05%	0.04%
Operating Income Growth %	-0.25%	-0.45%	1.85%	-0.39%	-0.36%	-1%	-	0.19%	-0.69%	-0.15%
EBITDA+	133.77M	94.21M	201.82M	146.5M	116.92M	123.66M	256.48M	296.08M	142.56M	135.09M
EBITDA Margin %	0.1%	0.08%	0.14%	0.1%	0.09%	0.11%	0.15%	0.15%	0.09%	0.09%
EBITDA Growth %	-0.18%	-0.3%	1.14%	-0.27%	-0.2%	0.06%	1.07%	0.15%	-0.52%	-0.05%
D&A (Non-Cash Add-back)	36.41M	40.33M	48.45M	53.23M	56.83M	60.83M	65.34M	69.35M	73.01M	76.18M
EBIT	100.24M	54.19M	154.39M	93.26M	58.8M	62.83M	190.14M	228.57M	76.71M	56.89M
Net Interest Income+	0	0	0	-7.49M	0	-7.79M	-5.02M	-2.78M	-7.49M	-11.31M
Interest Income	0	0	0	0	-	0	0	0	0	0
Interest Expense	0	0	0	7.49M	-	7.79M	5.02M	2.78M	7.49M	11.31M
Other Income/Expense	2.88M	-102K	-9.76M	-7.5M	-6.75M	55.03M	-6.02M	-940K	-327K	-13.34M
Pretax Income+	100.24M	53.77M	144.63M	85.77M	53.35M	55.03M	185.12M	225.79M	69.22M	45.58M
Pretax Margin %	0.08%	0.05%	0.1%	0.06%	0.04%	0.05%	0.11%	0.12%	0.05%	0.03%
Income Tax+	36.46M	19.63M	-2.07M	19.52M	12M	8.96M	45.33M	53.91M	14.6M	1.43M
Effective Tax Rate %	0.64%	0.63%	1.01%	0.77%	0.78%	0.84%	0.76%	0.76%	0.79%	0.97%
Net Income+	63.78M	34.15M	146.7M	66.24M	41.35M	46.08M	139.79M	171.89M	54.62M	44.15M
Net Margin %	0.05%	0.03%	0.1%	0.04%	0.03%	0.04%	0.08%	0.09%	0.04%	0.03%
Net Income Growth %	-0.24%	-0.46%	3.3%	-0.55%	-0.38%	0.11%	2.03%	0.23%	-0.68%	-0.19%
Net Income (Continuing)	63.78M	34.15M	146.7M	66.24M	41.35M	46.08M	139.79M	171.89M	54.62M	44.15M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	2.08	1.12	4.72	2.14	1.43	1.64	4.81	5.92	1.95	1.62
EPS Growth %	-0.24%	-0.46%	3.21%	-0.55%	-0.33%	0.15%	1.93%	0.23%	-0.67%	-0.17%
EPS (Basic)	2.08	1.12	4.81	2.20	1.47	1.64	4.97	6.15	2.00	1.65
Diluted Shares Outstanding	30.62M	30.5M	31.09M	30.98M	28.9M	28.16M	29.05M	29.03M	28.01M	27.25M
Basic Shares Outstanding	30.48M	30.48M	30.48M	30.17M	28.12M	28.05M	28.15M	27.97M	27.3M	26.83M
Dividend Payout Ratio	-	7.89%	-	-	-	-	0.03%	0.09%	0.3%	0.39%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	282.22M	282.54M	387.77M	311.06M	290.54M	333.5M	349.85M	440.93M	419.8M	387.12M
Cash & Short-Term Investments	0	14.2M	55.43M	9.81M	7.05M	10.61M	15.1M	30.98M	29.77M	19.56M
Cash Only	0	14.2M	55.43M	9.81M	7.05M	10.61M	15.1M	30.98M	29.77M	19.56M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	127.55M	131.67M	196M	160.27M	106.66M	135.84M	179.09M	185.2M	166.83M	146.18M
Days Sales Outstanding	35.02	40.33	48.5	38.61	30.01	42.82	38.8	34.74	39.71	35.16
Inventory	150.23M	128.98M	129.21M	137.18M	171.71M	180.09M	149.57M	215.5M	211.83M	212.39M
Days Inventory Outstanding	46.48	43.43	37.76	37.35	53.94	64.18	38.7	48.22	56.5	56.81
Other Current Assets	4.44M	7.69M	7.13M	3.81M	5.12M	6.97M	6.1M	9.24M	11.38M	8.99M
Total Non-Current Assets+	558.77M	622.42M	662.5M	723.56M	945.43M	929.9M	962.14M	1.05B	1.08B	1.21B
Property, Plant & Equipment	527.54M	575.38M	612.61M	672.21M	891.87M	879.95M	904.17M	925.75M	948.45M	1.07B
Fixed Asset Turnover	2.52x	2.07x	2.41x	2.25x	1.45x	1.32x	1.86x	2.10x	1.62x	1.42x
Goodwill	15.01M	15.01M	15.01M	15.01M	15.01M	15.01M	17.59M	56.19M	56.19M	56.19M
Intangible Assets	0	0	0	0	0	0	17.98M	49.24M	46.19M	43.14M
Long-Term Investments	0	-114.2M	-92.28M	-103.78M	0	0	0	0	0	0
Other Non-Current Assets	16.22M	32.04M	34.88M	36.35M	38.56M	34.95M	22.4M	23.22M	25.38M	37.17M
Total Assets+	840.99M	904.96M	1.05B	1.03B	1.24B	1.26B	1.31B	1.5B	1.5B	1.59B
Asset Turnover	1.58x	1.32x	1.40x	1.46x	1.05x	0.92x	1.28x	1.30x	1.03x	0.95x
Asset Growth %	0.02%	0.08%	0.16%	-0.01%	0.19%	0.02%	0.04%	0.14%	0%	0.07%
Total Current Liabilities+	243.05M	273.98M	296.79M	284.72M	291.73M	287.04M	309.82M	393.49M	358.92M	357.1M
Accounts Payable	192.73M	223.01M	227.71M	229.51M	205.91M	190.23M	221.23M	272.74M	259.07M	228.76M
Days Payables Outstanding	59.63	75.1	66.54	62.49	64.68	67.79	57.25	61.03	69.1	61.19
Short-Term Debt	0	0	16.88M	0	0	0	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	0	0	34.71M	29.87M	0	0	0	0	0	0
Current Ratio	1.16x	1.03x	1.31x	1.09x	1.00x	1.16x	1.13x	1.12x	1.17x	1.08x
Quick Ratio	0.54x	0.56x	0.87x	0.61x	0.41x	0.53x	0.65x	0.57x	0.58x	0.49x
Cash Conversion Cycle	21.87	8.67	19.71	13.47	19.26	39.21	20.26	21.94	27.11	30.78
Total Non-Current Liabilities+	118.86M	415.62M	377.15M	329.56M	543.37M	532.25M	400.99M	363.66M	397.87M	463.17M
Long-Term Debt	0	264.84M	248.34M	200M	297M	275M	135M	115M	170M	195M
Capital Lease Obligations	0	0	0	0	98.35M	85.61M	100.58M	77.57M	63.96M	111.4M
Deferred Tax Liabilities	114.91M	114.2M	92.28M	103.78M	110.07M	125.58M	133.33M	160.41M	151.06M	145.3M
Other Non-Current Liabilities	3.95M	36.58M	36.54M	25.78M	37.95M	46.07M	32.08M	10.68M	12.85M	11.47M
Total Liabilities	361.92M	689.6M	673.95M	614.29M	835.09M	819.28M	710.81M	757.15M	756.78M	820.27M
Total Debt+	0	264.84M	265.21M	200M	433.35M	389.88M	271.71M	230.04M	266.01M	348.89M
Net Debt	0	250.64M	209.78M	190.19M	426.3M	379.28M	256.61M	199.06M	236.25M	329.33M
Debt / Equity	-	1.23x	0.70x	0.48x	1.08x	0.88x	0.45x	0.31x	0.36x	0.45x
Debt / EBITDA	-	2.81x	1.31x	1.37x	3.71x	3.15x	1.06x	0.78x	1.87x	2.58x
Net Debt / EBITDA	-	2.66x	1.04x	1.30x	3.65x	3.07x	1.00x	0.67x	1.66x	2.44x
Interest Coverage	-	-	-	12.45x	-	-	38.05x	81.53x	9.29x	5.21x
Total Equity+	479.07M	215.36M	376.32M	420.34M	400.88M	444.12M	601.19M	738.18M	739.24M	774.65M
Equity Growth %	0.15%	-0.55%	0.75%	0.12%	-0.05%	0.11%	0.35%	0.23%	0%	0.05%
Book Value per Share	15.65	7.06	12.10	13.57	13.87	15.77	20.70	25.43	26.39	28.42
Total Shareholders' Equity	479.07M	215.36M	376.32M	420.34M	400.88M	444.12M	601.19M	738.18M	739.24M	774.65M
Common Stock	482.81M	305K	305K	306K	314K	316K	318K	320K	326K	330K
Retained Earnings	482.81M	-24.71M	121.98M	187.82M	229.17M	275.24M	411.52M	567.52M	605.07M	631.54M
Treasury Stock	0	0	0	-12K	-35K	-36K	-36K	-45K	-58K	-63K
Accumulated OCI	-3.74M	-3.04M	-9.05M	-2.47M	-9.45M	-16.13M	-6.54M	-4.2M	-4.14M	5.97M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	101.54M	113.74M	134.61M	173.38M	120.39M	111.85M	218.85M	273.6M	117.55M	135.41M
Operating CF Margin %	0.08%	0.1%	0.09%	0.11%	0.09%	0.1%	0.13%	0.14%	0.08%	0.09%
Operating CF Growth %	-0.46%	0.12%	0.18%	0.29%	-0.31%	-0.07%	0.96%	0.25%	-0.57%	0.15%
Net Income	63.78M	34.15M	146.7M	66.24M	41.35M	46.08M	139.79M	171.89M	54.62M	44.15M
Depreciation & Amortization	36.41M	40.33M	48.45M	53.23M	56.83M	60.83M	65.34M	69.35M	73.01M	76.18M
Stock-Based Compensation	562K	1.33M	7.74M	10.13M	8.35M	0	11.3M	10.28M	8.31M	7.85M
Deferred Taxes	9.91M	11.53M	-7.51M	9.56M	8.44M	17.61M	4.7M	16.23M	-9.35M	-8.99M
Other Non-Cash Items	1.31M	1.68M	2.09M	3.79M	16.64M	6.15M	2.39M	2.14M	-2.57M	2.59M
Working Capital Changes	-9.87M	24.73M	-62.87M	30.43M	-11.22M	-18.82M	-4.67M	3.72M	-6.48M	13.63M
Change in Receivables	38.9M	-3.95M	-64.32M	31.81M	53.68M	-29.23M	-53.77M	9.02M	29.83M	19.34M
Change in Inventory	5.02M	21.25M	-230K	-7.97M	-35.57M	-8.38M	31.23M	-57.04M	3.29M	-555K
Change in Payables	-38.69M	23.93M	8.17M	69K	-20.33M	-1.34M	25.39M	55.86M	-20.76M	-30.61M
Cash from Investing+	-98.23M	-86.38M	-93.25M	-112.19M	-153.13M	-84.1M	-67.56M	-189.27M	-110.9M	-142.9M
Capital Expenditures	-97.14M	-84.01M	-86.44M	-109.22M	-150.32M	-82.92M	-56.81M	-89.45M	-107.38M	-133.72M
CapEx % of Revenue	0.07%	0.07%	0.06%	0.07%	0.12%	0.07%	0.03%	0.05%	0.07%	0.09%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-1.09M	-2.37M	-6.81M	-2.98M	-2.8M	-1.19M	-1.23M	-2.37M	-3.52M	-9.18M
Cash from Financing+	-3.31M	-13.16M	-127K	-106.82M	29.98M	-24.19M	-146.79M	-68.44M	-7.87M	-2.71M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	-269.35M	0	0	0	0	-3.52M	-15.07M	-16.66M	-17.14M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-3.31M	-10.27M	0	0	0	0	0	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	4.39M	29.73M	48.17M	64.17M	-29.94M	28.93M	162.04M	184.15M	10.17M	1.69M
FCF Margin %	0%	0.02%	0.03%	0.04%	-0.02%	0.02%	0.1%	0.09%	0.01%	0%
FCF Growth %	-0.95%	5.77%	0.62%	0.33%	-1.47%	1.97%	4.6%	0.14%	-0.94%	-0.83%
FCF per Share	0.14	0.97	1.55	2.07	-1.04	1.03	5.58	6.34	0.36	0.06
FCF Conversion (FCF/Net Income)	1.59x	3.33x	0.92x	2.62x	2.91x	2.43x	1.57x	1.59x	2.15x	3.07x
Interest Paid	0	0	7.24M	5.86M	5.2M	0	4.46M	2.24M	7.09M	10.83M
Taxes Paid	0	0	12.98M	7.32M	6.99M	0	31M	56.17M	7.79M	18.95M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	14.24%	9.83%	49.59%	16.63%	10.07%	10.91%	26.75%	25.67%	7.39%	5.83%
Return on Invested Capital (ROIC)	16.3%	8.55%	21.87%	11.69%	6.27%	-	17.05%	18.95%	5.45%	4.25%
Gross Margin	11.27%	9.03%	15.33%	11.52%	10.44%	11.55%	16.27%	16.16%	10.76%	10.08%
Net Margin	4.8%	2.87%	9.94%	4.37%	3.19%	3.98%	8.3%	8.83%	3.56%	2.91%
Debt / Equity	-	1.23x	0.70x	0.48x	1.08x	0.88x	0.45x	0.31x	0.36x	0.45x
Interest Coverage	-	-	-	12.45x	-	-	38.05x	81.53x	9.29x	5.21x
FCF Conversion	1.59x	3.33x	0.92x	2.62x	2.91x	2.43x	1.57x	1.59x	2.15x	3.07x
Revenue Growth	-25.75%	-10.37%	23.81%	2.7%	-14.36%	-10.75%	45.49%	15.49%	-21.18%	-1.05%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024
Chemical Intermediates	-	-	-	-	544.5M	511.51M	437.68M	434.6M
Chemical Intermediates Growth	-	-	-	-	-	-6.06%	-14.44%	-0.70%
Nylon Resins	-	-	-	-	422.9M	485.24M	356.63M	348.5M
Nylon Resins Growth	-	-	-	-	-	14.74%	-26.50%	-2.28%
Caprolactam	-	-	-	-	316.13M	319.86M	298.38M	276.3M
Caprolactam Growth	-	-	-	-	-	1.18%	-6.72%	-7.40%
Ammonium Sulfate Fertilizers	-	-	-	-	401.09M	629.02M	440.92M	-
Ammonium Sulfate Fertilizers Growth	-	-	-	-	-	56.83%	-29.90%	-

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	1.19M	1.27B	1.06B	891M	1.38B	1.62B	1.25B	1.3B
UNITED STATES Growth	-	106796.55%	-16.84%	-15.70%	55.16%	17.36%	-22.95%	4.39%
Non-US	-	244M	240M	267M	302.12M	323.1M	283.5M	212.59M
Non-US Growth	-	-	-1.64%	11.25%	13.16%	6.94%	-12.26%	-25.02%
International	286K	-	-	-	-	-	-	-
International Growth	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

AdvanSix Inc. (ASIX) has a price-to-earnings (P/E) ratio of 11.1x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

AdvanSix Inc. (ASIX) reported $1.49B in revenue for fiscal year 2024. This represents a 17% decrease from $1.79B in 2014.

AdvanSix Inc. (ASIX) saw revenue decline by 1.0% over the past year.

Yes, AdvanSix Inc. (ASIX) is profitable, generating $52.4M in net income for fiscal year 2024 (2.9% net margin).

Dividend & Returns

Yes, AdvanSix Inc. (ASIX) pays a dividend with a yield of 3.50%. This makes it attractive for income-focused investors.

AdvanSix Inc. (ASIX) has a return on equity (ROE) of 5.8%. This is below average, suggesting room for improvement.

AdvanSix Inc. (ASIX) generated $0.1M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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