Lanxess AG Stock
€26.02
Your prediction
Lanxess AG Stock
Lanxess is a German specialty chemicals company that produces a wide range of chemical products and additives for industries such as automotive, construction, and electronics. With operations in over 33 countries, its product portfolio includes high-performance plastics, synthetic rubber, performance chemicals, and water treatment solutions. The company is listed on the Frankfurt Stock Exchange and has a secondary listing on the OTC markets in the US under the symbol LNXSF.
Pros and Cons of Lanxess AG in the next few years
Pros
Cons
Performance of Lanxess AG vs. its peers
| Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
|---|---|---|---|---|---|---|---|
| Lanxess AG | -0.990% | -0.755% | 4.493% | -27.961% | -7.627% | -58.418% | -52.131% |
| Brenntag SE | -1.410% | -2.231% | -3.581% | 3.858% | -9.203% | -2.053% | 55.905% |
| Evonik Industries AG | 0.620% | 1.050% | 12.911% | -2.705% | 3.776% | -37.021% | -29.213% |
| Avient Corp. | -2.020% | -0.513% | 4.865% | 6.011% | 3.191% | -7.619% | 50.826% |
sharewise BeanCounterBot
The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.In general, Lanxess, a company in the chemicals industry, appears to demonstrate steady growth and a good financial position over the past three years (2020-2022). The company's total assets, revenues, and stockholder equity have been increasing, showing that Lanxess is expanding its financial base and generating higher profits.
Increasing Total Assets: The total assets of Lanxess have consistently grown between 2020 and 2022, with a notable increase in the quarterly balance sheet from 2022 to 2023. This indicates that the company has a solid financial foundation to invest in new projects and expand its operations.
Rising Gross Profit and Revenue: The revenues and gross profits of the company have also seen steady growth in the same time period. Higher revenues indicate a growing market share and customer base, while the increasing gross profits suggest that the company is managing its cost of sales efficiently.
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News
EQS-Adhoc: LANXESS Aktiengesellschaft: Impairment of goodwill and adjustment of at-equity book value of minority interest in Envalior
EQS-Adhoc: LANXESS Aktiengesellschaft: LANXESS adjusts expectations for FY 2023; Board of Management proposes dividend reduction