# LyondellBasell Industries N.V. Class A (LYB) — Stock CV

LyondellBasell Industries N.V. is a $19.4B materials company. Revenue shrank 11.3% over the last year, it currently loses money, and its net debt equals ~5.6 years of free cash flow.

> LyondellBasell was formed through a merger between Basell (a joint venture between BASF and Shell) and Lyondell, which was a major chemical producer dating back to the 1950s. Notably, the firm filed for bankruptcy in 2009 after the merger, following a heavy debt burden taken on for the 2007 merger.

## Identity

- **Ticker**: LYB
- **Sector**: Basic Materials
- **Industry**: Specialty Chemicals
- **Headquarters**: HOUSTON, TX
- **Employees**: 18 970
- **Website**: https://www.lyondellbasell.com
- **Market cap**: $19.4B
- **Last price**: $60.03
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $31.2B
- **Net income**: -$346M
- **Free cash flow**: $1.58B
- **Net debt**: $8.91B
- **P/E**: 7.9
- **Revenue growth (YoY)**: -11.3%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 74 |
| Growth | 0 |
| Profitability | 5 |
| Health | 40 |
| Quality | 50 |
| Moat | 50 |

## Qualifications (beginner checklist) — 6 of 11 passed

- [ ] Revenue growing — -11.3% YoY
- [ ] Profitable — -$346M TTM
- [ ] Profit growing — -154.0% YoY
- [x] Generates cash — $1.58B TTM
- [ ] Debt under control — ~5.6y of cash flow to repay
- [x] Established company — $19.4B market cap
- [x] Not printing shares — +9.6% shares over ~5y
- [x] Proven track record — 9/10 profitable years
- [ ] Financially stable — Altman Z 1.6 — distress
- [x] Pays a dividend — yield 6.88%
- [x] Valuation not extreme — P/E 7.9

## Experience (career milestones)

- **FY2022** — Revenue crossed $50B: $50.5B for the year
- **FY2021** — Best year on record: $5.62B net income
- **FY2016** — First recorded profitable year: $3.84B net income
- **FY2016** — Revenue already above $10B: $29.2B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak

## Strengths

- None stand out in the data.

## Watch-outs

- Revenue shrinking 11.3% year over year
- Not profitable — 1.1% net margin
- Altman Z-Score 1.61 — elevated financial-distress risk
- Net debt would take ~7.4 years of free cash flow to repay
- Thin interest coverage (-0.8×)

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $46.2B | $5.62B | $5.74B |
| FY2022 | $50.5B | $3.89B | $4.23B |
| FY2023 | $41.1B | $2.12B | $3.41B |
| FY2024 | $40.3B | $1.37B | $1.98B |
| FY2025 | $30.2B | -$738M | $384M |

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Source: https://stockcv.com/LYB — derived from company filings; may be delayed or incomplete. Information, not investment advice.