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.
Very undervalued with solid track record.
Share Price & News
How has Owens Corning's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: OC has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: OC underperformed the US Building industry which returned 23.6% over the past year.
Return vs Market: OC matched the US Market which returned 19.4% over the past year.
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
2 weeks ago | Simply Wall StWhy Owens Corning (NYSE:OC) Should Be In Your Dividend Portfolio
4 weeks ago | Simply Wall StOwens Corning (NYSE:OC) Has A Pretty Healthy Balance Sheet
1 month ago | Simply Wall StWhat Owens Corning's (NYSE:OC) ROE Can Tell Us
Is Owens Corning undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: OC ($62.99) is trading below our estimate of fair value ($84.25)
Significantly Below Fair Value: OC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: OC is good value based on its PE Ratio (13.7x) compared to the Building industry average (22.3x).
PE vs Market: OC is good value based on its PE Ratio (13.7x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: OC is good value based on its PEG Ratio (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 (2.4x).
How is Owens Corning forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OC's forecast earnings growth (14.1% per year) is above the savings rate (1.7%).
Earnings vs Market: OC's earnings (14.1% per year) are forecast to grow slower than the US market (14.2% per year).
High Growth Earnings: OC's earnings are forecast to grow, but not significantly.
Revenue vs Market: OC's revenue (2.8% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: OC's revenue (2.8% 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 low in 3 years time (12.6%).
How has Owens Corning performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OC has high quality earnings.
Growing Profit Margin: OC's current net profit margins (7%) are higher than last year (5.3%).
Past Earnings Growth Analysis
Earnings Trend: OC's earnings have grown by 14.6% per year over the past 5 years.
Accelerating Growth: OC's earnings growth over the past year (35.9%) exceeds its 5-year average (14.6% per year).
Earnings vs Industry: OC earnings growth over the past year (35.9%) exceeded the Building industry -4.2%.
Return on Equity
High ROE: OC's Return on Equity (11.1%) is considered low.
Return on Assets
Return on Capital Employed
How is Owens Corning's financial position?
Financial Position Analysis
Short Term Liabilities: OC's short term assets ($2.1B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: OC's short term assets ($2.1B) do not cover its long term liabilities ($4.2B).
Debt to Equity History and Analysis
Debt Level: OC's debt to equity ratio (70%) is considered high.
Reducing Debt: OC's debt to equity ratio has increased from 55.1% to 70% over the past 5 years.
Debt Coverage: OC's debt is well covered by operating cash flow (28.2%).
Interest Coverage: OC's interest payments on its debt are well covered by EBIT (6.8x coverage).
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).
What is Owens Corning's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Purchase Owens Corning before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: OC's dividend (1.52%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: OC's dividend (1.52%) is low compared to the top 25% of dividend payers in the US market (3.7%).
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 6 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (19.1%), 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 (17.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Brian Chambers (52yo)
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's total compensation ($USD2.65M) is below average for companies of similar size in the US market ($USD6.27M).
Compensation vs Earnings: Brian's compensation has increased by more than 20% in the past year.
|Executive Chairman||17.8yrs||US$8.74m||0.72% $50.2m|
|CEO & Director||0.8yrs||US$2.65m||0.12% $8.4m|
|Senior Vice President of Growth & Administration||5.3yrs||US$2.53m||0.072% $5.0m|
|Interim CFO & VP||0.3yrs||no data||0.037% $2.6m|
|Vice President of Investor Relations||0yrs||no data||no data|
|Senior VP||4.8yrs||no data||0.039% $2.7m|
|Vice President of CSB Europe and Managing Director of CSB Europe||15.9yrs||no data||no data|
|Chief Sustainability Officer & VP||19.1yrs||no data||no data|
|Vice President and President of Owens Corning Construction Services||13.4yrs||no data||no data|
|Vice President and Managing Director of Asia-Pacific Building Materials Group||10.9yrs||no data||no data|
Experienced Management: OC's management team is seasoned and experienced (5.3 years average tenure).
|Executive Chairman||17.8yrs||US$8.74m||0.72% $50.2m|
|CEO & Director||0.8yrs||US$2.65m||0.12% $8.4m|
|Independent Director||13.4yrs||US$235.00k||0.048% $3.4m|
|Independent Director||5.5yrs||US$235.00k||0.011% $767.9k|
|Independent Director||9.1yrs||US$255.00k||0.061% $4.2m|
|Lead Independent Director||4.8yrs||US$275.00k||0.032% $2.2m|
|Independent Director||7.4yrs||US$250.00k||0.021% $1.4m|
|Independent Director||6.4yrs||US$250.00k||0.028% $2.0m|
|Independent Director||13.1yrs||US$235.00k||0.035% $2.4m|
|Independent Director||5.5yrs||US$235.00k||0.013% $903.3k|
Experienced Board: OC's board of directors are considered experienced (6.9 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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Owens Corning's company bio, employee growth, exchange listings and data sources
- Name: Owens Corning
- Ticker: OC
- Exchange: NYSE
- Founded: 1938
- Industry: Building Products
- Sector: Capital Goods
- Market Cap: US$6.943b
- Shares outstanding: 108.79m
- 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|
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 operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and manufactures and sells glass fiber products in the form of fabrics, non-wovens, and other specialized products. Its products are used in pipe, roofing shingles, sporting goods, consumer electronics, telecommunications cables, boats, aviation, defense, automotive, industrial containers, and wind-energy applications in the building and construction, transportation, consumer, industrial, and power and energy markets. The Insulation segment manufactures and sells fiberglass insulation into residential, commercial, industrial, and other markets for thermal and acoustical applications; and manufactures and sells glass fiber pipe insulation, flexible duct media, bonded and granulated mineral fiber insulation, cellular glass insulation, and foam insulation used in above- and below-grade construction applications. This segment sells its products primarily to the insulation installers, home centers, lumberyards, retailers, and distributors. The Roofing segment manufactures and sells residential roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications, as well as synthetic packaging materials. This segment sells its products through distributors, home centers, lumberyards, retailers, and contractors, as well as to roofing contractors for built-up roofing asphalt systems and to manufacturers in automotive, chemical, rubber, and construction industries. Owens Corning was founded in 1938 and is headquartered in Toledo, Ohio.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/19 00:55|
|End of Day Share Price||2020/02/18 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.