CTVA to CC: 5 chemicals stocks that returned over 20% gains in a year

 Highlights

• Corteva, Inc. (NYSE: CTVA) has a dividend yield of 0.98%, with an annualized dividend of US$0.56.
• CF Industries Holdings, Inc.'s (NYSE: CF) dividend yield is 1.57%, with an annualized dividend of US$1.60. 
• Chemours Company's (NYSE: CC) dividend yield is 2.42%, and its annualized dividend is US$1.00.  

Chemicals are used in various ways in everyday life. According to a Deloitte report, US chemical volumes are expected to grow around 3% in 2022, along with significant growth in exports.

The chemical industry is cyclical and linked with other sectors, such as oil. The chemical industry mainly focuses on making polymers and plastics from petrochemicals. It also specializes in agrochemical and specialty chemicals. 

Here we discuss five chemical stocks that rose over 20% in a year. 

Corteva, Inc. (NYSE: CTVA)

Closing price on May 19: US$59.00
Market Capitalization: US$42.69 billion

Wilmington, Delaware-based Corteva develops new seed and crop chemical products. Its seed segment generates roughly half of its profits, and crop protection chemicals contribute the rest.

For the quarter ended March 31, 2022, its net sales were US$4.6 billion compared to US$4.18 billion in the same quarter a year ago.

Its net income attributable to the company came in at US$564 million or US$0.78 per share diluted against US$600 million or US$0.80 per share diluted in the March quarter of 2021. 

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In April, it declared a quarterly dividend of US$0.14 per share payable on June 15, 2022, to shareholders of record on May 13, 2022.

The stock traded in the range of US$62.04 to US$40.60 in one year. It has a P/E ratio of 25.11 and a forward P/E for one year of 23.32. The dividend yield is 0.98%, with an annualized dividend of US$0.56. 

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Mosaic Company (NYSE: MOS)

Closing price on May 19: US$61.17
Market Capitalization: US$22.14 billion

Mosaic produces primary crop nutrients phosphate and potash. It is headquartered in Tampa, Florida. 

For the three months ended March 31, 2022, Mosaic posted a net income of US$1.2 billion or US$3.19 per diluted share compared to US$0.2 billion or US$0.41 per diluted share for the March quarter of the previous year. Its net sales were US$3.92 billion compared to US$2.29 billion in the same quarter in 2021.  

On May 19, the company declared a quarterly dividend of US$0.15 per common share. The dividend will be paid on June 16, 2022, to stockholders of record on June 2, 2022.

The stock traded in the range of US$79.28 to US$28.26 in one year. It has a P/E ratio of 8.66 and a forward P/E for one year of 4.53. The dividend yield is 0.73%, with an annualized dividend of US$0.45. 

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CF Industries Holdings, Inc. (NYSE: CF)

Closing price on May 19: US$100.35
Market Capitalization: US$20.93 billion

Deerfield, Illinois-based CF Industries produces and distributes nitrogen fertilizers. CF also invests in carbon-free blue and green ammonia. This ammonia can be used as an alternative fuel to hydrogen. The company makes nitrogen primarily using low-cost US natural gas, making it one of the lowest-cost nitrogen producers in the world.

For the three months ended March 31, 2022, the net sales grew to US$2.87 billion compared to US$1.05 billion in the same period a year ago.

Its net income came in at US$883 million or US$4.21 per diluted share compared to US$151 million or US$0.70 per share diluted in the March quarter of 2021.

On April 27, CF announced a dividend of US$0.40 per share on the common stock, a 33% increase QoQ. The dividend is payable on May 31, 2022, to stockholders of record on May 16, 2022.

The stock traded in the range of US$113.48 to US$43.19 in one year. It has a P/E ratio of 12.93 and a forward P/E for one year of 5.30. The dividend yield is 1.57%, with an annualized dividend of US$1.60. 

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Westlake Corporation (NYSE: WLK)

Closing price on May 19: US$129.33
Market Capitalization: US$16.6 billion

Westlake Corp manufactures and supplies chemicals, polymers and building products globally. The Performance & Essential Materials segment provides raw materials for making everyday life products such as vinyl chemicals, polyethylene, etc. The Housing & infrastructure Products segment provides finished goods like pipes, fittings, etc. It is based in Houston, Texas. 

The company earned a net income attributable to the company of US$756 million or US$5.83 per share diluted for the quarter ended March 31, 2022, compared to US$242 million or US$1.87 per share diluted in the same quarter the previous year. Its net sales were US$4.06 billion compared to US$2.36 billion in the March quarter of 2021.

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On May 13, Westlake declared a quarterly dividend of US$0.2975 per share payable on June 7, 2022, to stockholders of record on May 23, 2022. This is its 71st consecutive quarterly dividend since it completed its public offering in 2004.

The stock traded in the range of US$141.19 to US$78.06 in the last 52 weeks. It has a P/E ratio of 6.62 and a forward P/E for one year of 6.56. The dividend yield is 0.91%, and the annualized dividend is US$1.19. 

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Chemours Company (NYSE: CC)

Closing price on May 19: US$41.33
Market Capitalization: US$6.43 billion

Wilmington, Delaware-based Chemours Company provides chemicals globally. Its operating segments are Titanium Technologies, Advanced Performance Materials, Chemical Solutions, and Thermal and Specialized Solutions. 

For the March quarter of 2022, the company reported net sales of US$1.76 billion compared to US$1.43 billion in the same quarter the previous year. Its net income came in at US$234 million or US$1.43 per share diluted compared to US$96 million or US$0.57 per share diluted in the March quarter of 2021.

The stock traded in the range of US$43.06 to US$22.56 in the last 52 weeks. It has a P/E ratio of 9.2 and a forward P/E for one year of 7.92. The dividend yield is 2.42%, with an annualized dividend of US$1.00.  

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Bottom line:

Chemicals are used in various industries; hence the sector has interlinkages with other economic segments. However, investors should exercise due diligence before investing in the stock market.