Akzo Nobel NV
AKZA: XAMS (NLD)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€12.00 | Vrbbdw | Vvwstppz |
Narrow-Moat AkzoNobel Exhibits Pricing Power in Its Sizable Decorative Paints Business
Business Strategy and Outlook
AkzoNobel is the third-largest company in the paints and coatings industry, behind Sherwin-Williams and PPG Industries. The company's operations are divided into two segments: decorative paints and performance coatings. Decorative paints are applied to external and internal buildings for cosmetic appeal and are essentially consumer products where brands are important. By contrast, performance coatings are primarily functional products used in a variety of industrial end markets, including automotive, aerospace, oil and gas, marine, and packaging.