10 Best Undervalued Stocks to Buy Right Now

7) LyondellBasell Industries N.V. (NYSE:LYB)

Forward P/E Ratio as of 8 November: 9.48x        

Number of Hedge Fund Holders: 41

LyondellBasell Industries N.V. (NYSE:LYB) operates as a chemical company in the US, Germany, Mexico, Italy, and internationally.

LyondellBasell Industries N.V. (NYSE:LYB)’s strategy continues to focus on disciplined capital allocation and optimizing operations in a bid to ensure long-term value and competitive advantages. The company expects that the full acquisition of APK is expected to enhance the renewable and circular solutions portfolio. LyondellBasell Industries N.V. (NYSE:LYB)’s focus on growth consists of significant investments in recycling and low-carbon solutions, as demonstrated by the construction of MoReTec-1 facility and the acquisition of APK.

In Q3, LyondellBasell Industries N.V. (NYSE:LYB) started construction on the first commercial-scale plant to use its proprietary and differentiated advanced catalytic recycling technology, MoReTec-1. The facility should commence operations in 2026 and achieve high plastic-to-plastic yields, supporting the goal of producing and marketing at least 2 million metric tons of recycled and renewable polymers annually by 2030.

With a modular investment strategy, LyondellBasell Industries N.V. (NYSE:LYB) has been positioning itself for a future in which renewable solutions have elevated demand levels. The company was able to generate $670 million in cash from operating activities in Q3 2024 and achieved ~80% cash conversion over the previous 12 months. It continues to take a disciplined approach to capital allocation, with $368 million invested in capital expenditures and $479 million returned to shareholders via dividends and share repurchases.

As per Wall Street analysts, the shares of LyondellBasell Industries N.V. (NYSE:LYB) have an average price target of $101.91.