LyondellBasell Industries N.V. (LYB)

Executive Summary

LyondellBasell Industries is the world’s largest producer of polypropylene and polyethylene — the two highest-volume polyolefin plastics used in consumer packaging, automotive interiors, construction, and durable goods. The company operates 55 manufacturing facilities globally with particular concentration in U.S. Gulf Coast (low-cost ethane feedstock) and Europe. The stock at $71.53 trades at 6.32x forward earnings — the cheapest forward multiple in U.S. chemicals — and offers a 3.86 percent dividend yield. TTM GAAP loss of -$802M reflects the petrochemical-spread compression that has affected the broader commodity chemicals sector. We at T&T Capital Management view LYB as a cyclical deep-value setup. Our base-case fair value is $85–$105.

What’s Inside The Full Report

• 15-year financial summary table — revenue, net income, GAAP & adjusted EPS
• Valuation framework — current multiples vs. 5-year historical range
• Peer comparison table — multiples, margins, balance-sheet metrics
• Base case, bull case, bear case price targets with explicit math
• Competitive position and economic moat analysis
• Management and capital allocation track record
• Balance sheet review — leverage, credit ratings, distribution coverage
• Insider activity — recent open-market buys / sells with interpretation
• Strategic acquisitions and divestitures history
• Sell-side consensus and where TTCM differs
• Detailed risk factors specific to the name
• Bull case and forward catalysts to watch
• TTCM rating with explicit ADD / TRIM price triggers