AkzoNobel and the capital markets
Shares
AkzoNobel’s common shares are listed on Euronext Amsterdam. We’re included in the AEX Index, which consists of the top 25 listed companies in the Netherlands, ranked on the basis of stock market turnover and free float. During 2022, 159 million AkzoNobel shares were traded on Euronext Amsterdam, with €11.6 billion turnover (2021: volume of 136 million, turnover of €13.2 billion).
We have a sponsored level 1 American Depositary Receipt (ADR) program and ADRs can be traded on the international OTCQX platform in the US. During 2022, 51 million ADRs were traded, with $1.2 billion total turnover (2021: volume of 19 million, turnover of $735 million).
See the table below for stock codes and ticker symbols.
Euronext ticker symbol |
AKZA |
|---|---|
ISIN common share |
NL0013267909 |
OTC ticker symbol |
AKZOY |
ISIN ADR |
US0101995035 |
AkzoNobel has 100% free float and a broad base of international shareholders. Based on an independent shareholder analysis, the Distribution of institutional shares chart shows the geographical spread of institutional shareholders, of which the majority are based in the US (61%) and the UK (13%). Around 6% of the company’s share capital is held by private investors, many of whom are resident in the Netherlands. Approximately 41% of the company’s institutional shareholder base was represented by ESG investors1, while 13% of the share capital was held by ESG funds2 at year-end 2022.
1 As calculated by Nasdaq, according to their methodology, which is to include the sum of: (1) Core sustainable and responsible investor firms where 100% of equity assets are managed with an environmental, social and governance (ESG) approach; (2) Sustainable and responsible investor themed funds managed by a broad range of sustainable and responsible investors.
2 As calculated by Nasdaq and includes investment funds that take into account the impact companies they invest in have on the environment, their stakeholders and society, alongside potential financial returns.
Distribution of institutional shares in 2022
in %
Delivering on our capital allocation priorities, we continued returning cash to our shareholders in the form of share buybacks. In January 2022, we finalized the €1 billion share buyback announced on February 17, 2021. During 2022, we completed another €500 million share buyback program. In total, €632 million worth of shares was repurchased during the year and 7.5 million shares were canceled.
|
2020 |
2021 |
2022 |
||||
|---|---|---|---|---|---|---|---|
Year-end (share price in €) |
87.86 |
96.50 |
62.56 |
||||
Year-high (share price in €)4 |
91.60 |
107.80 |
98.50 |
||||
Year-low (share price in €)4 |
48.50 |
83.50 |
56.22 |
||||
Number of shares outstanding at year-end (in millions) |
191 |
182 |
174 |
||||
Market capitalization at year-end (in € billions) |
16.7 |
17.5 |
10.9 |
||||
Dividend per share (in €) |
1.95 |
1.98 |
1.98 |
||||
Dividend yield (in %) |
2.2 |
2.1 |
3.2 |
||||
|
|||||||
Benchmark performance indexed to AkzoNobel share price as of December 31, 2021
AkzoNobel share price in €
The AkzoNobel share price was down 35% at year-end 2022, compared with year-end 2021. The Bloomberg Global Chemicals Index was down 22%, Bloomberg Europe Chemical Index was down by 14%, and the AEX lost 14% at year-end 2022 (see Share price performance graph above).
Analyst recommendations
At year-end 2022, AkzoNobel was covered by 24 equity research analysts. An overview of analyst recommendations is shown in the graph below.
Analyst recommendations
External benchmarks
In 2022, AkzoNobel was included as one of the 25 best-in-class companies in the new AEX® ESG Index on Euronext Amsterdam. The index identifies companies that are demonstrating the best environmental, social and governance (ESG) practices – giving investors the opportunity to invest in the most sustainable listed companies. Our inclusion is based on the assessment performed by Sustainalytics.
Following 2022 reviews, our ESG performance was reaffirmed by external rating agencies. For example, AkzoNobel maintained the highest possible rating (AAA) from MSCI for the seventh consecutive year, and the company is considered “low risk” by Sustainalytics – and ESG top rated in our industry. For a full overview, please refer to the ESG rating agencies and benchmarks in the Sustainability statements.