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KOP

Koppers HoldingsNYSE:KOP Stock Report

Last Price

US$29.90

Market Cap

US$637.1m

7D

-5.0%

1Y

-15.2%

Updated

21 Jan, 2022

Data

Company Financials +
KOP fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance2/6
Financial Health3/6
Dividends0/6

KOP Stock Overview

Koppers Holdings Inc. provides treated wood products, wood treatment chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally.

Koppers Holdings Competitors

Celanese

NYSE:CE

US$18.0b

Quaker Chemical

NYSE:KWR

US$3.7b

NewMarket

NYSE:NEU

US$3.6b

Innospec

NasdaqGS:IOSP

US$2.4b

Price History & Performance

Summary of all time highs, changes and price drops for Koppers Holdings
Historical stock prices
Current Share PriceUS$29.90
52 Week HighUS$39.44
52 Week LowUS$27.91
Beta2.01
1 Month Change-2.06%
3 Month Change-13.23%
1 Year Change-15.20%
3 Year Change40.38%
5 Year Change-29.15%
Change since IPO89.84%

Recent News & Updates

Jan 13
The Returns At Koppers Holdings (NYSE:KOP) Aren't Growing

The Returns At Koppers Holdings (NYSE:KOP) Aren't Growing

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...

Nov 04
Here's Why Koppers Holdings (NYSE:KOP) Has A Meaningful Debt Burden

Here's Why Koppers Holdings (NYSE:KOP) Has A Meaningful Debt Burden

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Oct 19

Koppers: Investor Day Unveils Promising Medium-Term Targets

Koppers highlighted some compelling earnings growth opportunities at its recent investor day event, culminating in a $300 million EBITDA target. However, with plenty of growth drivers unaccounted for in the headline guidance, there remains plenty of incremental upside ahead. Expect the shares to re-rate closer in line with key peer Stella Jones over time.

Shareholder Returns

KOPUS ChemicalsUS Market
7D-5.0%-4.4%-4.0%
1Y-15.2%11.9%6.6%

Return vs Industry: KOP underperformed the US Chemicals industry which returned 12% over the past year.

Return vs Market: KOP underperformed the US Market which returned 7.7% over the past year.

Price Volatility

Is KOP's price volatile compared to industry and market?
KOP volatility
KOP Average Weekly Movement5.8%
Chemicals Industry Average Movement5.6%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: KOP is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: KOP's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19882,061Leroy Ballhttps://www.koppers.com

Koppers Holdings Inc. provides treated wood products, wood treatment chemicals, and carbon compounds in the United States, Australasia, Europe, 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.

Koppers Holdings Fundamentals Summary

How do Koppers Holdings's earnings and revenue compare to its market cap?
KOP fundamental statistics
Market CapUS$637.06m
Earnings (TTM)US$81.60m
Revenue (TTM)US$1.67b

7.8x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KOP income statement (TTM)
RevenueUS$1.67b
Cost of RevenueUS$1.32b
Gross ProfitUS$350.40m
ExpensesUS$268.80m
EarningsUS$81.60m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.83
Gross Margin21.03%
Net Profit Margin4.90%
Debt/Equity Ratio201.5%

How did KOP perform over the long term?

See historical performance and comparison

Valuation

Is Koppers Holdings undervalued compared to its fair value and its price relative to the market?

17.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: KOP ($29.9) is trading below our estimate of fair value ($36.11)

Significantly Below Fair Value: KOP is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: KOP is good value based on its PE Ratio (7.8x) compared to the US Chemicals industry average (21.1x).

PE vs Market: KOP is good value based on its PE Ratio (7.8x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: KOP is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: KOP is good value based on its PB Ratio (1.6x) compared to the US Chemicals industry average (2.5x).


Future Growth

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

14.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KOP's forecast earnings growth (14.5% per year) is above the savings rate (2%).

Earnings vs Market: KOP's earnings (14.5% per year) are forecast to grow faster than the US market (13.1% per year).

High Growth Earnings: KOP's earnings are forecast to grow, but not significantly.

Revenue vs Market: KOP's revenue (4.9% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: KOP's revenue (4.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if KOP's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Koppers Holdings performed over the past 5 years?

38.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KOP has high quality earnings.

Growing Profit Margin: KOP's current net profit margins (4.9%) are lower than last year (5.6%).


Past Earnings Growth Analysis

Earnings Trend: KOP has become profitable over the past 5 years, growing earnings by 38.7% per year.

Accelerating Growth: KOP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: KOP had negative earnings growth (-12.5%) over the past year, making it difficult to compare to the Chemicals industry average (17.5%).


Return on Equity

High ROE: Whilst KOP's Return on Equity (20.3%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is Koppers Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: KOP's short term assets ($614.2M) exceed its short term liabilities ($266.8M).

Long Term Liabilities: KOP's short term assets ($614.2M) do not cover its long term liabilities ($984.9M).


Debt to Equity History and Analysis

Debt Level: KOP's net debt to equity ratio (190.9%) is considered high.

Reducing Debt: KOP's debt to equity ratio has reduced from 2746.3% to 201.5% over the past 5 years.

Debt Coverage: KOP's debt is not well covered by operating cash flow (15%).

Interest Coverage: KOP's interest payments on its debt are well covered by EBIT (3.5x coverage).


Balance Sheet


Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate KOP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate KOP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if KOP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if KOP's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: KOP is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of KOP's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.0yrs

Average management tenure


CEO

Leroy Ball (52 yo)

7yrs

Tenure

US$4,126,547

Compensation

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 si...


CEO Compensation Analysis

Compensation vs Market: Leroy's total compensation ($USD4.13M) is above average for companies of similar size in the US market ($USD2.40M).

Compensation vs Earnings: Leroy's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: KOP's management team is considered experienced (2 years average tenure).


Board Members

Experienced Board: KOP's board of directors are considered experienced (7.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Koppers Holdings Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Koppers Holdings Inc.
  • Ticker: KOP
  • Exchange: NYSE
  • Founded: 1988
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Implied Market Cap: US$637.059m
  • Shares outstanding: 21.31m
  • Website: https://www.koppers.com

Number of Employees


Location

  • Koppers Holdings Inc.
  • 436 Seventh Avenue
  • Pittsburgh
  • Pennsylvania
  • 15219-1800
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 00:04
End of Day Share Price2022/01/20 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.