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AdvanSix (ASIX)

AdvanSix is a leading manufacturer of Nylon 6, a polymer resin which is a synthetic material used by our customers to produce fibers, filaments, engineered plastics and films that, in turn, are used in such end-products as carpets, automotive and electronic components, sports apparel, food packaging and other industrial applications. As a result of our backward integration and the configuration of our manufacturing facilities, we also sell caprolactam, ammonium sulfate fertilizer, acetone and other intermediate chemicals, all of which are produced within unit operations across our integrated manufacturing value chain.

ASIX stock data

Analyst ratings and price targets

Last 3 months

Calendar

5 Aug 22
28 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 17.3M 17.3M 17.3M 17.3M 17.3M 17.3M
Cash burn (monthly) 669.67K (no burn) (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 1.98M n/a n/a n/a n/a n/a
Cash remaining 15.32M n/a n/a n/a n/a n/a
Runway (months of cash) 22.9 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Sep 22 Christopher Gramm Common Stock, par value $0.01 Sell Dispose S No Yes 34.22 1,000 34.22K 35,954
15 Aug 22 Christopher Gramm Common Stock, par value $0.01 Sell Dispose S No Yes 38.59 1,000 38.59K 36,765
15 Jul 22 Christopher Gramm Common Stock, par value $0.01 Sell Dispose S No Yes 33.69 1,000 33.69K 37,765
30 Jun 22 Karran Todd D. Common Stock, par value $0.01 Grant Acquire A No No 33.44 754 25.21K 58,513
30 Jun 22 Michael Marberry Common Stock, par value $0.01 Grant Acquire A No No 33.44 655 21.9K 126,190
5.6% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 305 328 -7.0%
Opened positions 35 49 -28.6%
Closed positions 58 56 +3.6%
Increased positions 92 94 -2.1%
Reduced positions 84 90 -6.7%
13F shares Current Prev Q Change
Total value 783.8M 1.25B -37.5%
Total shares 23.31M 23.57M -1.1%
Total puts 19.7K 184.1K -89.3%
Total calls 105.1K 193.5K -45.7%
Total put/call ratio 0.2 1.0 -80.3%
Largest owners Shares Value Change
BLK Blackrock 4.74M $158.54M +3.3%
Vanguard 2.29M $76.62M +8.9%
Dimensional Fund Advisors 1.4M $46.67M +1.5%
STT State Street 976.27K $32.65M +2.2%
Alliancebernstein 730.04K $24.41M -14.1%
LSV Asset Management 673.99K $22.54M -1.4%
Victory Capital Management 635.43K $21.25M +6.6%
Wasatch Advisors 609.39K $20.38M -0.1%
JPM JPMorgan Chase & Co. 561.68K $18.78M +51.5%
Geode Capital Management 482.47K $16.13M -0.1%
Largest transactions Shares Bought/sold Change
22NW 0 -386.33K EXIT
MS Morgan Stanley 482.28K +193.14K +66.8%
JPM JPMorgan Chase & Co. 561.68K +190.89K +51.5%
Vanguard 2.29M +186.43K +8.9%
Scopus Asset Management 435.14K +185.14K +74.1%
Royce & Associates 27.5K -170.75K -86.1%
Driehaus Capital Management 0 -157.38K EXIT
BLK Blackrock 4.74M +151.37K +3.3%
Parametric Portfolio Associates 0 -144.14K EXIT
FMR 434.47K +129.13K +42.3%

Financial report summary

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Competition
Ube IndustriesNutrien
Management Discussion
  • Sales increased in the three months ended June 30, 2022 compared to the prior year period by $146.1 million (approximately 33%) due primarily to (i) net favorable market-based pricing (approximately 26%) reflecting strength in our ammonium sulfate and nylon product lines partially offset by lower pricing in chemical intermediates (primarily acetone), (ii) favorable raw material pass-through pricing (approximately 6%) as a result of net cost increases in benzene and propylene (inputs to cumene which is a key feedstock to our products) and (iii) the acquisition of U.S. Amines (approximately 5%), partially offset by decreased sales volume (approximately 4%) driven primarily by unfavorable weather conditions driving a reduction of in-season fertilizer demand as well as lower production output limiting supply of nylon resin and chemical intermediates compared to the prior year.

Content analysis

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Readability
H.S. junior Avg
New words: bad, gain, inflation, pattern, peak, pertained, predominantly, sequentially, Spring
Removed: bolster, continuity, governmental, November, optimization, response, Richmond, seasonally, supplying, transmissibility, travel