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Koppers Holdings

DB:KO9
Snowflake Description

Acceptable track record with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KO9
DB
$541M
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Koppers Holdings Inc., through its subsidiaries, provides treated wood products, wood treatment chemicals, and carbon compounds in the United States and internationally. The last earnings update was 19 days ago. More info.


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  • Koppers Holdings has significant price volatility in the past 3 months.
KO9 Share Price and Events
7 Day Returns
1.8%
DB:KO9
1.3%
DE Chemicals
2.1%
DE Market
1 Year Returns
-33.8%
DB:KO9
-14.4%
DE Chemicals
-7.6%
DE Market
KO9 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Koppers Holdings (KO9) 1.8% 7.9% 49.8% -33.8% 21.2% -22%
DE Chemicals 1.3% 2% 11.2% -14.4% 15.1% 4%
DE Market 2.1% 3.6% 8.1% -7.6% 9.8% 12.4%
1 Year Return vs Industry and Market
  • KO9 underperformed the Chemicals industry which returned -14.4% over the past year.
  • KO9 underperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
KO9
Industry
5yr Volatility vs Market

Value

 Is Koppers Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Koppers Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Koppers Holdings.

DB:KO9 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:KO9
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Chemicals Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.974 (1 + (1- 21%) (182.98%))
1.926
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.93
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.926 * 5.96%)
11.71%

Discounted Cash Flow Calculation for DB:KO9 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Koppers Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:KO9 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.71%)
2019 63.00 Analyst x1 56.40
2020 77.00 Analyst x1 61.71
2021 87.81 Est @ 14.04% 62.99
2022 96.50 Est @ 9.9% 61.97
2023 103.25 Est @ 7% 59.36
2024 108.38 Est @ 4.97% 55.78
2025 112.22 Est @ 3.54% 51.70
2026 115.08 Est @ 2.55% 47.46
2027 117.21 Est @ 1.85% 43.27
2028 118.81 Est @ 1.37% 39.27
Present value of next 10 years cash flows $539.91
DB:KO9 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $118.81 × (1 + 0.23%) ÷ (11.71% – 0.23%)
$1,037.36
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,037.36 ÷ (1 + 11.71%)10
$342.86
DB:KO9 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $539.91 + $342.86
$882.76
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $882.76 / 20.55
$42.96
DB:KO9 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:KO9 represents 0.87281x of NYSE:KOP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87281x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 42.96 x 0.87281
€37.50
Value per share (EUR) From above. €37.50
Current discount Discount to share price of €22.99
= -1 x (€22.99 - €37.50) / €37.50
38.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Koppers Holdings is available for.
Intrinsic value
39%
Share price is €22.99 vs Future cash flow value of €37.5
Current Discount Checks
For Koppers Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Koppers Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Koppers Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Koppers Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Koppers Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:KO9 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $1.10
NYSE:KOP Share Price ** NYSE (2019-03-20) in USD $26.34
Germany Chemicals Industry PE Ratio Median Figure of 17 Publicly-Listed Chemicals Companies 15.89x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 18.91x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Koppers Holdings.

DB:KO9 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:KOP Share Price ÷ EPS (both in USD)

= 26.34 ÷ 1.10

23.9x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Koppers Holdings is overvalued based on earnings compared to the DE Chemicals industry average.
  • Koppers Holdings is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Koppers Holdings's expected growth come at a high price?
Raw Data
DB:KO9 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.9x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
29.9%per year
Germany Chemicals Industry PEG Ratio Median Figure of 14 Publicly-Listed Chemicals Companies 2.38x
Germany Market PEG Ratio Median Figure of 276 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

DB:KO9 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 23.9x ÷ 29.9%

0.8x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Koppers Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Koppers Holdings's assets?
Raw Data
DB:KO9 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $2.73
NYSE:KOP Share Price * NYSE (2019-03-20) in USD $26.34
Germany Chemicals Industry PB Ratio Median Figure of 20 Publicly-Listed Chemicals Companies 1.74x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.79x
DB:KO9 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:KOP Share Price ÷ Book Value per Share (both in USD)

= 26.34 ÷ 2.73

9.63x

* Primary Listing of Koppers Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Koppers Holdings is overvalued based on assets compared to the DE Chemicals industry average.
X
Value checks
We assess Koppers Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Chemicals industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Chemicals industry average (and greater than 0)? (1 check)
  5. Koppers Holdings has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Koppers Holdings expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
29.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Koppers Holdings expected to grow at an attractive rate?
  • Koppers Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Koppers Holdings's earnings growth is expected to exceed the Germany market average.
  • Koppers Holdings's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:KO9 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:KO9 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 29.9%
DB:KO9 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 4.8%
Germany Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 5.6%
Germany Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 9.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:KO9 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:KO9 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 2,089 118 1
2021-12-31 1,973 110 1
2020-12-31 1,907 135 87 3
2019-12-31 1,827 104 66 4
DB:KO9 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 1,710 78 23
2018-09-30 1,651 61 10
2018-06-30 1,593 74 23
2018-03-31 1,535 97 43
2017-12-31 1,476 102 30
2017-09-30 1,423 86 52
2017-06-30 1,409 117 44
2017-03-31 1,416 93 35
2016-12-31 1,416 120 29
2016-09-30 1,467 115 -65
2016-06-30 1,529 84 -67
2016-03-31 1,576 111 -70

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Koppers Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Koppers Holdings's revenue is expected to grow by 4.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:KO9 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Koppers Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KO9 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 5.50 5.50 5.50 1.00
2021-12-31 5.15 5.15 5.15 1.00
2020-12-31 4.17 4.40 3.94 2.00
2019-12-31 3.17 3.25 3.10 3.00
DB:KO9 Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 1.10
2018-09-30 0.49
2018-06-30 1.08
2018-03-31 2.08
2017-12-31 1.44
2017-09-30 2.48
2017-06-30 2.12
2017-03-31 1.70
2016-12-31 1.39
2016-09-30 -3.17
2016-06-30 -3.27
2016-03-31 -3.42

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Koppers Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Koppers Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Koppers Holdings has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Koppers Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Koppers Holdings's growth in the last year to its industry (Chemicals).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Koppers Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Koppers Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Koppers Holdings's 1-year earnings growth is negative, it can't be compared to the DE Chemicals industry average.
Earnings and Revenue History
Koppers Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Koppers Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KO9 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,710.20 23.00 155.10
2018-09-30 1,650.90 10.30 153.20
2018-06-30 1,593.00 22.60 140.80
2018-03-31 1,535.00 43.30 138.40
2017-12-31 1,475.50 29.90 132.50
2017-09-30 1,422.60 51.50 127.80
2017-06-30 1,408.90 43.80 128.50
2017-03-31 1,416.00 35.10 127.20
2016-12-31 1,416.20 28.70 125.70
2016-09-30 1,466.70 -65.30 122.60
2016-06-30 1,529.40 -67.30 120.80
2016-03-31 1,575.90 -70.40 121.70
2015-12-31 1,626.90 -71.90 124.60
2015-09-30 1,689.90 -18.30 139.10
2015-06-30 1,696.20 -31.30 134.00
2015-03-31 1,621.40 -38.60 120.70
2014-12-31 1,555.00 -33.00 116.20
2014-09-30 1,470.10 -3.00 84.10
2014-06-30 1,425.20 19.00 76.70
2014-03-31 1,439.30 31.80 75.10
2013-12-31 1,478.30 40.50 71.70
2013-09-30 1,511.40 58.20 72.70
2013-06-30 1,504.10 55.00 73.40
2013-03-31 1,544.50 61.10 75.30
2012-12-31 1,555.00 65.70 75.60
2012-09-30 1,549.10 57.30 73.80
2012-06-30 1,542.40 63.50 74.20
2012-03-31 1,505.60 63.20 74.60

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Koppers Holdings made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Koppers Holdings used its assets more efficiently than the DE Chemicals industry average last year based on Return on Assets.
  • Koppers Holdings has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Koppers Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Chemicals industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Koppers Holdings has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Koppers Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Koppers Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Koppers Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Koppers Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Koppers Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Koppers Holdings Company Filings, last reported 2 months ago.

DB:KO9 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 67.00 990.40 40.60
2018-09-30 79.40 1,044.90 62.50
2018-06-30 102.10 1,000.10 62.50
2018-03-31 118.60 790.80 52.20
2017-12-31 105.80 677.00 60.30
2017-09-30 113.10 700.80 50.20
2017-06-30 73.50 692.90 40.00
2017-03-31 49.60 708.00 23.40
2016-12-31 34.60 662.40 20.80
2016-09-30 24.70 681.50 17.70
2016-06-30 8.00 710.70 16.40
2016-03-31 -4.30 726.10 15.60
2015-12-31 -12.40 722.30 21.80
2015-09-30 75.30 763.10 33.00
2015-06-30 78.90 794.20 51.20
2015-03-31 66.40 815.60 25.80
2014-12-31 83.90 850.50 51.10
2014-09-30 165.00 867.50 75.10
2014-06-30 188.60 358.40 54.40
2014-03-31 186.40 340.00 54.70
2013-12-31 189.80 303.10 82.20
2013-09-30 184.70 296.40 72.40
2013-06-30 177.10 301.40 63.20
2013-03-31 172.70 296.20 56.70
2012-12-31 168.10 296.10 66.70
2012-09-30 150.80 297.40 68.90
2012-06-30 134.80 314.30 50.30
2012-03-31 125.20 314.30 42.60
  • Koppers Holdings's level of debt (1478.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (159.9% vs 1478.2% today).
  • Debt is not well covered by operating cash flow (7.9%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Koppers Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Koppers Holdings has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Koppers Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Koppers Holdings dividends.
If you bought €2,000 of Koppers Holdings shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Koppers Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Koppers Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:KO9 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Germany Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:KO9 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2019-12-31
DB:KO9 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2016-11-03 0.000 0.000
2016-08-04 0.000 0.000
2016-05-06 0.000 0.000
2016-02-29 0.000 0.000
2016-02-25 0.000 0.000
2015-11-05 0.000 0.000
2015-08-06 0.000 0.000
2015-02-26 0.000 0.000
2014-11-05 1.000 4.223
2014-08-06 1.000 2.809
2014-05-02 1.000 2.687
2014-02-05 1.000 2.461
2013-11-06 1.000 2.226
2013-08-07 1.000 2.417
2013-05-02 1.000 2.506
2013-02-06 1.000 2.352
2012-11-06 0.960 2.583
2012-08-07 0.960 2.791
2012-05-03 0.960 2.826
2012-02-16 0.960 2.558
2011-08-03 0.880 2.733
2011-05-04 0.880 2.322
2011-02-02 0.880 2.141
2010-11-03 0.880 2.634
2010-08-04 0.880 3.542
2010-05-05 0.880 3.415
2010-02-03 0.880 3.102
2009-11-04 0.880 2.986
2009-08-05 0.880 3.050
2009-05-06 0.880 3.477
2009-03-23 0.880 5.288

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Koppers Holdings has not reported any payouts.
  • Unable to verify if Koppers Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Koppers Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Koppers Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Koppers Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Koppers Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Koppers Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Koppers Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Leroy Ball
COMPENSATION $4,280,024
AGE 49
TENURE AS CEO 4.2 years
CEO Bio

Mr. Leroy M. Ball, Jr., has been the Chief Executive Officer and President of Koppers Holdings Inc. and Koppers Inc. since January 01, 2015. Mr. Ball is a Director of Allegheny Technologies Incorporated since February 28, 2019. Mr. Ball served as Vice President and Chief Financial Officer of Koppers Holdings Inc. since September 01, 2010 until May 2014. He served as the Chief Operating Officer of Koppers Holdings Inc. since May 2014 to December 2014. Mr. Ball served as the Chief Financial Officer and Vice President at Koppers Inc. from September 01, 2010 to May 2014. Mr. Ball served as Principal Accounting Officer of Koppers Inc. and Koppers Holdings Inc. since September 01, 2010. Mr. Ball served as Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer and Manager of BSC Columbus, LLC and CCC Columbus LLC. He served as Vice President, Principal Financial Officer, Principal Accounting Officer, Secretary and Director of Calgon Carbon Investments, Inc. He served as the Chief Financial Officer of Calgon Carbon Corporation since October 2002 until July 2010, Senior Vice President since January 2006 until July 2010 and also served as its Principal Accounting Officer until July 2010. He served as an Executive Officer at Calgon Carbon Corporation since July 2010. Mr. Ball served as Vice President of Calgon Carbon Corp. since October 2002, its Corporate Controller from September 2000 to November 2002 and Assistant Controller from January 2000 to August 2000. Mr. Ball was Senior Vice President and Chief Financial Officer of Calgon Carbon Inc. He was Supervisor of Financial Reporting from July 1998 to January 2000. Prior to joining Calgon Carbon in 2000, he served as External Reporting Accountant with Carmeuse North America until July 1998, where he served for 9 years. He has been a Director at Koppers Inc. since May 2013. He has been a Director of Koppers Holdings Inc. since February 2015. He served as Director of Koppers Australia Holding Company Pty. Ltd. until May 1, 2015. He earned a B.S. in Accounting from Florida International University and an MBA from the Robert Morris University.

CEO Compensation
  • Leroy's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Leroy's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Koppers Holdings management team in years:

4.6
Average Tenure
58
Average Age
  • The tenure for the Koppers Holdings management team is about average.
Management Team

Leroy Ball

TITLE
President
COMPENSATION
$4M
AGE
49
TENURE
4.2 yrs

Mike Zugay

TITLE
CFO & Treasurer
COMPENSATION
$1M
AGE
66
TENURE
4.6 yrs

Steven Lacy

TITLE
Chief Administrative Officer
COMPENSATION
$2M
AGE
62
TENURE
14.3 yrs

Jim Sullivan

TITLE
Senior Vice President of Railroad Products and Services & Global Carbon Materials and Chemicals
COMPENSATION
$1M
AGE
54
TENURE
0.6 yrs

Mark McCormack

TITLE
Vice President of Australian Operations - Koppers Inc.
COMPENSATION
$1M
AGE
58
TENURE
12.3 yrs
Board of Directors Tenure

Average tenure and age of the Koppers Holdings board of directors in years:

5
Average Tenure
63
Average Age
  • The tenure for the Koppers Holdings board of directors is about average.
Board of Directors

Steve Tritch

TITLE
Chairman of the Board
COMPENSATION
$175K
AGE
68
TENURE
0.4 yrs

Leroy Ball

TITLE
President
COMPENSATION
$4M
AGE
49
TENURE
4.1 yrs

X. Feng

TITLE
Independent Director
COMPENSATION
$175K
AGE
59
TENURE
9.8 yrs

Mike Young

TITLE
Independent Director
COMPENSATION
$175K
AGE
73
TENURE
12.8 yrs

Al Neupaver

TITLE
Independent Director
COMPENSATION
$175K
AGE
67
TENURE
9.6 yrs

Louis Testoni

TITLE
Independent Director
COMPENSATION
$180K
AGE
69
TENURE
5.8 yrs

Cynthia Baldwin

TITLE
Independent Director
COMPENSATION
$165K
AGE
73
TENURE
11.1 yrs

Traci Jensen

TITLE
Director
AGE
51
TENURE
0.5 yrs

David Motley

TITLE
Director
AGE
59
TENURE
0.5 yrs

Sonja Wilkerson

TITLE
Director
AGE
57
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Koppers Holdings insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
15. Mar 19 Buy R. Johnson Individual 14. Mar 19 14. Mar 19 20,000 €22.56 €451,216
22. Jan 19 Sell Christian Nielsen Individual 06. Jun 18 12. Jun 18 -4,000 €36.84 €-141,615
19. Dec 18 Buy Michael Zugay Individual 18. Dec 18 18. Dec 18 10,000 €15.04 €150,446
19. Dec 18 Buy R. Johnson Individual 17. Dec 18 17. Dec 18 50,000 €15.29 €764,701
17. Dec 18 Buy James Sullivan Individual 17. Dec 18 17. Dec 18 5,000 €14.48 €72,415
14. Dec 18 Buy Leroy Ball Individual 13. Dec 18 14. Dec 18 6,000 €15.26 €90,488
04. Dec 18 Buy Joseph Dowd Individual 03. Dec 18 03. Dec 18 1,000 €16.29 €16,293
03. Dec 18 Buy Leroy Ball Individual 03. Dec 18 03. Dec 18 4,000 €16.65 €66,581
19. Nov 18 Buy Albert Neupaver Individual 19. Nov 18 19. Nov 18 5,000 €18.12 €90,584
14. Nov 18 Buy R. Johnson Individual 13. Nov 18 13. Nov 18 15,000 €19.22 €288,293
13. Nov 18 Buy Leroy Ball Individual 12. Nov 18 12. Nov 18 22,000 €18.17 €391,329
13. Nov 18 Buy R. Johnson Individual 12. Nov 18 12. Nov 18 50,000 €17.92 €896,112
06. Sep 18 Buy Leroy Ball Individual 06. Sep 18 06. Sep 18 2,000 €30.09 €60,187
15. Aug 18 Buy James Sullivan Individual 14. Aug 18 14. Aug 18 1,000 €31.46 €31,460
15. Aug 18 Buy Albert Neupaver Individual 14. Aug 18 14. Aug 18 5,000 €31.59 €157,962
15. Aug 18 Buy R. Johnson Individual 14. Aug 18 14. Aug 18 25,000 €31.13 €778,362
12. Jun 18 Sell Jianzhong Zhu Individual 08. Jun 18 08. Jun 18 -8,800 €36.20 €-318,536
11. Jun 18 Sell Stephen Reeder Individual 07. Jun 18 07. Jun 18 -4,650 €35.93 €-167,053
04. Jun 18 Sell Thomas Loadman Individual 04. Jun 18 04. Jun 18 -5,000 €35.08 €-175,378
31. May 18 Sell Cynthia Baldwin Individual 30. May 18 30. May 18 -1,000 €35.01 €-35,012
31. May 18 Sell Joseph Dowd Individual 30. May 18 30. May 18 -4,246 €34.99 €-148,549
30. May 18 Sell Daniel Groves Individual 30. May 18 30. May 18 -3,900 €34.62 €-135,036
17. May 18 Buy R. Johnson Individual 15. May 18 17. May 18 20,000 €33.83 €660,261
10. May 18 Sell Stephen Reeder Individual 09. May 18 09. May 18 -5,000 €33.08 €-165,413
X
Management checks
We assess Koppers Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Koppers Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Koppers Holdings Inc., through its subsidiaries, provides treated wood products, wood treatment chemicals, and carbon compounds in the United States and internationally. The company operates through three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC). The RUPS segment procures and treats crossties, switch ties, and various types of lumber used for railroad bridges and crossings. It also provides rail joint bars to join rails together for railroads; transmission and distribution poles for electric and telephone utilities; and pilings. This segment also provides railroad services, such as engineering, design, repair, and inspection services for railroad bridges. The Performance Chemicals segment develops, manufactures, and markets water-based wood preservatives and wood specialty additives, including micronized copper quaternary and micronized copper azole, micronized pigments, alkaline copper quaternary, amine copper azole, and chromated copper arsenate for decking, fencing, utility poles, construction lumber and timbers, and vineyard stakes. The CMC segment manufactures creosote for use in the treatment of wood or as a feedstock in the production of carbon black; carbon pitch, a raw material used in the production of aluminum and steel; naphthalene for use as a feedstock in the production of phthalic anhydride and as a surfactant in the production of concrete; phthalic anhydride for the production of plasticizers, polyester resins, and alkyd paints; and carbon black feedstock for use in the production of carbon black. The company serves the railroad, specialty chemical, utility, residential lumber, agriculture, aluminum, steel, rubber, and construction industries. Koppers Holdings Inc. was founded in 1988 and is headquartered in Pittsburgh, Pennsylvania.

Details
Name: Koppers Holdings Inc.
KO9
Exchange: DB
Founded: 1988
$476,682,324
20,548,744
Website: http://www.koppers.com
Address: Koppers Holdings Inc.
436 Seventh Avenue,
Pittsburgh,
Pennsylvania, 15219,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE KOP Common Stock New York Stock Exchange US USD 01. Feb 2006
DB KO9 Common Stock Deutsche Boerse AG DE EUR 01. Feb 2006
Number of employees
Current staff
Staff numbers
2,229
Koppers Holdings employees.
Industry
Commodity Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 20:56
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/13
Last earnings filing: 2019/03/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.