OC Stock Overview
Owens Corning manufactures and markets insulation, roofing, and fiberglass composite materials in the United States, Canada, Europe, the Asia Pacific, and internationally.
Owens Corning Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$80.89|
|52 Week High||US$101.12|
|52 Week Low||US$72.97|
|1 Month Change||-3.82%|
|3 Month Change||8.86%|
|1 Year Change||-8.21%|
|3 Year Change||33.75%|
|5 Year Change||2.26%|
|Change since IPO||202.39%|
Recent News & Updates
Owens Corning declares $0.35 dividend
Owens Corning (NYSE:OC) declares $0.35/share quarterly dividend, in line with previous. Forward yield 1.67% Payable Nov. 3; for shareholders of record Oct. 17; ex-div Oct. 14. See OC Dividend Scorecard, Yield Chart, & Dividend Growth.
Owens Corning (NYSE:OC) Seems To Use Debt Rather Sparingly
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
We Ran A Stock Scan For Earnings Growth And Owens Corning (NYSE:OC) Passed With Ease
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
|OC||US Building||US Market|
Return vs Industry: OC exceeded the US Building industry which returned -25.6% over the past year.
Return vs Market: OC exceeded the US Market which returned -22.1% over the past year.
|OC Average Weekly Movement||5.0%|
|Building Industry Average Movement||5.2%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.8%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: OC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: OC's weekly volatility (5%) has been stable over the past year.
About the Company
Owens Corning manufactures and markets insulation, roofing, and fiberglass composite materials in the United States, Canada, Europe, the Asia Pacific, and internationally. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and glass fiber products in the form of fabrics, non-wovens, and other specialized products.
Owens Corning Fundamentals Summary
|OC fundamental statistics|
Is OC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|OC income statement (TTM)|
|Cost of Revenue||US$6.76b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||11.78|
|Net Profit Margin||12.21%|
How did OC perform over the long term?See historical performance and comparison
1.7%Current Dividend Yield
Does OC pay a reliable dividends?See OC dividend history and benchmarks
|Owens Corning dividend dates|
|Ex Dividend Date||Oct 14 2022|
|Dividend Pay Date||Nov 03 2022|
|Days until Ex dividend||15 days|
|Days until Dividend pay date||35 days|
Does OC pay a reliable dividends?See OC dividend history and benchmarks
Is OC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for OC?
Other financial metrics that can be useful for relative valuation.
|What is OC's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does OC's PE Ratio compare to its peers?
|OC PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
AOS A. O. Smith
FBHS Fortune Brands Home & Security
LII Lennox International
OC Owens Corning
Price-To-Earnings vs Peers: OC is good value based on its Price-To-Earnings Ratio (6.9x) compared to the peer average (14.9x).
Price to Earnings Ratio vs Industry
How does OC's PE Ratio compare vs other companies in the US Building Industry?
Price-To-Earnings vs Industry: OC is good value based on its Price-To-Earnings Ratio (6.9x) compared to the US Building industry average (14.4x)
Price to Earnings Ratio vs Fair Ratio
What is OC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||6.9x|
|Fair PE Ratio||15.8x|
Price-To-Earnings vs Fair Ratio: OC is good value based on its Price-To-Earnings Ratio (6.9x) compared to the estimated Fair Price-To-Earnings Ratio (15.8x).
Share Price vs Fair Value
What is the Fair Price of OC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: OC ($80.89) is trading below our estimate of fair value ($398.17)
Significantly Below Fair Value: OC is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is Owens Corning forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OC's earnings are forecast to decline over the next 3 years (-3.4% per year).
Earnings vs Market: OC's earnings are forecast to decline over the next 3 years (-3.4% per year).
High Growth Earnings: OC's earnings are forecast to decline over the next 3 years.
Revenue vs Market: OC's revenue (1.7% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: OC's revenue (1.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: OC's Return on Equity is forecast to be high in 3 years time (21.5%)
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How has Owens Corning performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OC has high quality earnings.
Growing Profit Margin: OC's current net profit margins (12.2%) are higher than last year (11.9%).
Past Earnings Growth Analysis
Earnings Trend: OC's earnings have grown by 17.5% per year over the past 5 years.
Accelerating Growth: OC's earnings growth over the past year (19.9%) exceeds its 5-year average (17.5% per year).
Earnings vs Industry: OC earnings growth over the past year (19.9%) underperformed the Building industry 32.2%.
Return on Equity
High ROE: OC's Return on Equity (24.8%) is considered high.
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How is Owens Corning's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: OC's short term assets ($3.7B) exceed its short term liabilities ($2.0B).
Long Term Liabilities: OC's short term assets ($3.7B) do not cover its long term liabilities ($4.0B).
Debt to Equity History and Analysis
Debt Level: OC's net debt to equity ratio (44.6%) is considered high.
Reducing Debt: OC's debt to equity ratio has reduced from 66.9% to 62.9% over the past 5 years.
Debt Coverage: OC's debt is well covered by operating cash flow (49.4%).
Interest Coverage: OC's interest payments on its debt are well covered by EBIT (14.9x coverage).
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What is Owens Corning current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
|Owens Corning Dividend Yield vs Market|
|Company (Owens Corning)||1.7%|
|Market Bottom 25% (US)||1.6%|
|Market Top 25% (US)||4.6%|
|Industry Average (Building)||1.7%|
|Analyst forecast in 3 Years (Owens Corning)||1.8%|
Notable Dividend: OC's dividend (1.73%) is higher than the bottom 25% of dividend payers in the US market (1.67%).
High Dividend: OC's dividend (1.73%) is low compared to the top 25% of dividend payers in the US market (4.69%).
Stability and Growth of Payments
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 9 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (11.6%), OC's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (13.8%), OC's dividend payments are thoroughly covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Brian Chambers (55 yo)
Mr. Brian D. Chambers has been Chief Executive Officer and Director of Owens Corning since April 18, 2019 and serves as its President since August 1, 2018. He serves as Chair at Owens Corning since April 2...
CEO Compensation Analysis
|Brian Chambers's Compensation vs Owens Corning Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||US$10m||US$1m|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||US$8m||US$1m|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||US$6m||US$918k|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||n/a||n/a|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||US$3m||US$588k|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||n/a||n/a|
|Mar 31 2018||n/a||n/a|
|Dec 31 2017||US$2m||US$493k|
|Sep 30 2017||n/a||n/a|
|Jun 30 2017||n/a||n/a|
|Mar 31 2017||n/a||n/a|
|Dec 31 2016||US$2m||US$450k|
|Sep 30 2016||n/a||n/a|
|Jun 30 2016||n/a||n/a|
|Mar 31 2016||n/a||n/a|
|Dec 31 2015||US$2m||US$400k|
Compensation vs Market: Brian's total compensation ($USD9.78M) is about average for companies of similar size in the US market ($USD8.63M).
Compensation vs Earnings: Brian's compensation has increased by more than 20% in the past year.
Experienced Management: OC's management team is considered experienced (3.4 years average tenure).
Experienced Board: OC's board of directors are considered experienced (6.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: OC insiders have only sold shares in the past 3 months.
Recent Insider Transactions
|29 Aug 22||SellUS$33,688||W. Morris||Individual||401||US$84.01|
|29 Jul 22||SellUS$178,346||Kelly Schmidt||Individual||1,940||US$91.93|
|06 Dec 21||SellUS$781,601||Gunner Smith||Individual||8,500||US$91.95|
|Owner Type||Number of Shares||Ownership Percentage|
|State or Government||40,991||0.04%|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Owens Corning's employee growth, exchange listings and data sources
- Name: Owens Corning
- Ticker: OC
- Exchange: NYSE
- Founded: 1938
- Industry: Building Products
- Sector: Capital Goods
- Implied Market Cap: US$7.785b
- Shares outstanding: 96.24m
- Website: https://www.owenscorning.com
Number of Employees
- Owens Corning
- One Owens Corning Parkway
- United States
|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|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/28 00:00|
|End of Day Share Price||2022/09/28 00:00|
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.