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5 Value Stocks To Watch In The Basic Materials Sector

Author: Benzinga Insights | February 16, 2024 10:38am

The Meaning Behind Value Stocks

A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued.

Below is a list of notable value stocks in the basic materials sector:

  1. Steel Dynamics (NASDAQ:STLD) - P/E: 8.48
  2. Alpha Metallurgical (NYSE:AMR) - P/E: 7.46
  3. Albemarle (NYSE:ALB) - P/E: 8.79
  4. Sylvamo (NYSE:SLVM) - P/E: 8.36
  5. FMC (NYSE:FMC) - P/E: 4.57

Steel Dynamics has reported Q4 earnings per share at $2.61, which has decreased by 24.78% compared to Q3, which was 3.47. The company's most recent dividend yield sits at 1.52%, which has decreased by 0.09% from 1.61% last quarter.

Alpha Metallurgical saw a decrease in earnings per share from 12.16 in Q2 to $6.65 now. Its most recent dividend yield is at 0.9%, which has decreased by 0.25% from 1.15% in the previous quarter.

Albemarle saw a decrease in earnings per share from 2.74 in Q3 to $1.85 now. Most recently, the company reported a dividend yield of 1.15%, which has increased by 0.48% from last quarter's yield of 0.67%.

Sylvamo has reported Q4 earnings per share at $1.16, which has decreased by 31.76% compared to Q3, which was 1.7. Most recently, the company reported a dividend yield of 2.39%, which has decreased by 0.46% from last quarter's yield of 2.85%.

FMC has reported Q4 earnings per share at $1.07, which has increased by 143.18% compared to Q3, which was 0.44. Most recently, the company reported a dividend yield of 3.85%, which has increased by 1.42% from last quarter's yield of 2.43%.

These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

Posted In: ALB AMR FMC SLVM STLD

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