Owens Corning
Market Cap
US$6.6b
Last Updated
2019/10/14 23:56 UTC
Data Sources
Company Financials +
Executive Summary
Owens Corning, together with its subsidiaries, produces and sells glass fiber reinforcements and other materials for composites; and residential, commercial, and industrial building materials worldwide.
Snowflake
Fundamentals
Good value with acceptable track record.
Similar Companies
Share Price & News
How has Owens Corning's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
0.4%
OC
1.4%
US Building
1.3%
US Market
1 Year Return
21.4%
OC
13.0%
US Building
5.9%
US Market
Return vs Industry: OC exceeded the US Building industry which returned 13% over the past year.
Return vs Market: OC exceeded the US Market which returned 5.9% over the past year.
Shareholder returns
| OC | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.4% | 1.4% | 1.3% |
| 30 Day | 1.3% | -2.0% | -1.9% |
| 90 Day | 6.2% | 1.9% | -1.8% |
| 1 Year | 23.5%21.4% | 14.8%13.0% | 8.3%5.9% |
| 3 Year | 22.5%17.4% | 26.6%16.0% | 45.6%36.2% |
| 5 Year | 119.8%104.3% | 59.9%40.5% | 66.1%47.9% |
Price Volatility Vs. Market
How volatile is Owens Corning's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Why You Might Be Interested In Owens Corning (NYSE:OC) For Its Upcoming Dividend2 weeks ago | Simply Wall St
Does Owens Corning (NYSE:OC) Have A Place In Your Dividend Portfolio?3 weeks ago | Simply Wall St
If You Had Bought Owens Corning (NYSE:OC) Stock Five Years Ago, You Could Pocket A 79% Gain TodayValuation
Is Owens Corning undervalued compared to its fair value and its price relative to the market?
22.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: OC ($60.97) is trading below our estimate of fair value ($78.96)
Significantly Undervalued: OC is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: OC is good value based on its PE Ratio (13x) compared to the Building industry average (20x).
PE vs Market: OC is good value based on its PE Ratio (13x) compared to the US market (17.5x).
Price to Earnings Growth Ratio
Low PEG Ratio: OC is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: OC is good value based on its PB Ratio (1.5x) compared to the US Building industry average (2.1x).
Next Steps
Future Growth
How is Owens Corning forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
11.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OC's forecast earnings growth (11.7% per year) is above the savings rate (2.7%).
Earnings vs Market: OC's earnings (11.7% per year) are forecast to grow slower than the US market (14.4% per year).
High Growth Earnings: OC's earnings are forecast to grow, but not significantly.
Revenue vs Market: OC's revenue (3.1% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: OC's revenue (3.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: OC's Return on Equity is forecast to be low in 3 years time (11.7%).
Next Steps
Past Performance
How has Owens Corning performed over the past 5 years?
14.0%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: OC's earnings have grown by 14% per year over the past 5 years.
Accelerating Growth: OC's earnings growth over the past year (68.5%) exceeds its 5-year average (14% per year).
Earnings vs Industry: OC earnings growth over the past year (68.5%) exceeded the Building industry 7.7%.
Return on Equity
High ROE: OC's Return on Equity (11.6%) is considered low.
Return on Assets
ROA vs Industry: OC's Return on Assets is below or equal to the Building industry average last year.
Return on Capital Employed
ROCE Improving: OC's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Owens Corning's financial position?
Financial Position Analysis
Short Term Liabilities: OC's short term assets ($2.2B) exceeds its short term liabilities ($1.3B)
Long Term Liabilities: OC's short term assets (2.2B) do not cover its long term liabilities (4.4B)
Debt to Equity History and Analysis
Debt Level: OC's debt to equity ratio (76.5%) is considered high
Reducing Debt: OC's debt to equity ratio has increased from 57.3% to 76.5% over the past 5 years.
Debt Coverage: OC's debt is well covered by operating cash flow (23.1%).
Interest Coverage: OC's interest payments on its debt are well covered by EBIT (7x coverage).
Balance Sheet
Inventory Level: OC has a high level of physical assets or inventory.
Debt Coverage by Assets: OC's debt is not covered by short term assets (assets are 0.7x debt).
Next Steps
Dividend
What is Owens Corning's current dividend yield, its reliability and sustainability?
1.44%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: OC's dividend (1.44%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.47%).
High Dividend: OC's dividend (1.44%) is low compared to the top 25% of dividend payers in the US market (3.77%).
Stable Dividend: Whilst dividend payments have been stable, OC has been paying a dividend for less than 10 years.
Growing Dividend: OC's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (18.5%), OC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: OC's dividends in 3 years are forecast to be well covered by earnings (18.1% payout ratio).
Next Steps
Management
What is the CEO of Owens Corning's salary, the management and board of directors tenure and is there insider trading?
7.2yrs
Average management tenure
CEO
Brian Chambers (52yo)
0.5yrs
Tenure
US$2,650,390
Compensation
Mr. Brian D. Chambers has been Chief Executive Officer and Director of Owens Corning since April 18, 2019 and served as its President and Chief Operating Officer since August 1, 2018 until since April 18, ...
CEO Compensation Analysis
Compensation vs. Market: Brian has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.
Compensation vs Earnings: Brian's compensation has increased by more than 20% in the past year.
Management Age and Tenure
7.2yrs
Average Tenure
54.5yo
Average Age
Experienced Management: OC's management team is seasoned and experienced (7.2 years average tenure).
Board Age and Tenure
6.6yrs
Average Tenure
58.5yo
Average Age
Experienced Board: OC's board of directors are considered experienced (6.6 years average tenure).
Insider Trading
Insider Buying: OC insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 1,589 |
| Max Price | US$60.53 |
| Entity | Individual |
| Role | Chairman of the Board Executive Chairman |
| Shares | 30,000 |
| Max Price | US$57.08 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,773 |
| Max Price | US$54.69 |
| Entity | Individual |
| Role | Chief Legal Officer Senior VP |
| Shares | 2,000 |
| Max Price | US$54.84 |
| Entity | Individual |
| Shares | 2,438 |
| Max Price | US$53.03 |
| Entity | Individual |
| Role | Chief Legal Officer Senior VP |
| Shares | 1,856 |
| Max Price | US$51.80 |
| Entity | Individual |
| Role | Chairman of the Board Executive Chairman |
| Shares | 30,000 |
| Max Price | US$51.49 |
| Entity | Individual |
| Shares | 7,900 |
| Max Price | US$51.79 |
| Entity | Individual |
| Shares | 600 |
| Max Price | US$51.51 |
| Entity | Individual |
| Shares | 3,700 |
| Max Price | US$47.01 |
| Entity | Individual |
| Role | Chief Administrative Officer Senior Vice President of Organization & Administration |
| Shares | 18,681 |
| Max Price | US$50.76 |
Ownership Breakdown
Management Team
Mike Thaman (55yo)
Executive Chairman
- Tenure: 17.5yrs
- Compensation: US$8.74m
Dan Smith (54yo)
Senior Vice President of Organization & Administration
- Tenure: 4.9yrs
- Compensation: US$2.53m
Brian Chambers (52yo)
CEO & Director
- Tenure: 0.5yrs
- Compensation: US$2.65m
Frank O'Brien-Bernini (62yo)
Chief Sustainability Officer & VP
- Tenure: 18.8yrs
William LeBaron (63yo)
Vice President and President of Owens Corning Construction Services
- Tenure: 13.1yrs
Daniel Zhang (56yo)
Vice President and Managing Director of Asia-Pacific Building Materials Group
- Tenure: 10.6yrs
Michael McMurray (54yo)
Senior VP & CFO
- Tenure: 7.2yrs
- Compensation: US$2.99m
Thierry Denis
Vice President of Investor Relations
- Tenure: 0yrs
Raymund Trost
Vice President of CSB Europe and Managing Director of CSB Europe
- Tenure: 15.6yrs
Ava Harter (49yo)
Senior VP
- Tenure: 4.4yrs
Board Members
Mike Thaman (55yo)
Executive Chairman
- Tenure: 17.5yrs
- Compensation: US$8.74m
Ralph Hake (70yo)
Independent Director
- Tenure: 13.1yrs
- Compensation: US$235.00k
Cesar Conde (45yo)
Independent Director
- Tenure: 5.2yrs
- Compensation: US$235.00k
James Ferguson (64yo)
Independent Director
- Tenure: 8.8yrs
- Compensation: US$255.00k
John Williams (65yo)
Lead Independent Director
- Tenure: 4.5yrs
- Compensation: US$275.00k
Brian Chambers (52yo)
CEO & Director
- Tenure: 0.5yrs
- Compensation: US$2.65m
Suzanne Nimocks (60yo)
Independent Director
- Tenure: 7.1yrs
- Compensation: US$250.00k
Ed Lonergan (59yo)
Independent Director
- Tenure: 6.1yrs
- Compensation: US$250.00k
W. Morris (58yo)
Independent Director
- Tenure: 12.8yrs
- Compensation: US$235.00k
Maryann Mannen (56yo)
Independent Director
- Tenure: 5.2yrs
- Compensation: US$235.00k
Company Information
Owens Corning's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Owens Corning
- Ticker: OC
- Exchange: NYSE
- Founded: 1938
- Industry: Building Products
- Sector: Capital Goods
- Market Cap: US$6.633b
- Shares outstanding: 108.79m
- Website: https://www.owenscorning.com
Number of Employees
Location
- Owens Corning
- One Owens Corning Parkway
- Toledo
- Ohio
- 43659
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| OC | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Oct 2006 |
| O5Q | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Oct 2006 |
Biography
Owens Corning, together with its subsidiaries, produces and sells glass fiber reinforcements and other materials for composites; and residential, commercial, and industrial building materials worldwide. It ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/14 23:56 |
| End of Day Share Price | 2019/10/14 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.