Orion Engineered Carbons
Market Cap
US$1.0b
Last Updated
2021/01/25 23:05 UTC
Data Sources
Company Financials +
Executive Summary
Orion Engineered Carbons S.A., together with its subsidiaries, produces and sells carbon black products in Germany, the United States, South Korea, Brazil, China, South Africa, the rest of Europe, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential with adequate balance sheet.
Similar Companies
Share Price & News
How has Orion Engineered Carbons's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: OEC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: OEC's weekly volatility (8%) has been stable over the past year.
Market Performance
7 Day Return
-2.1%
OEC
-1.5%
US Chemicals
2.6%
US Market
1 Year Return
0.4%
OEC
25.1%
US Chemicals
26.0%
US Market
Return vs Industry: OEC underperformed the US Chemicals industry which returned 25.1% over the past year.
Return vs Market: OEC underperformed the US Market which returned 26% over the past year.
Shareholder returns
| OEC | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.1% | -1.5% | 2.6% |
| 30 Day | 0% | 3.5% | 5.1% |
| 90 Day | 10.1% | 19.1% | 17.1% |
| 1 Year | 1.8%0.4% | 28.0%25.1% | 28.9%26.0% |
| 3 Year | -39.2%-44.0% | 24.2%0.9% | 46.3%36.6% |
| 5 Year | 61.7%37.2% | 113.9%65.4% | 126.9%101.6% |
Long-Term Price Volatility Vs. Market
How volatile is Orion Engineered Carbons's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Should You Be Worried About Orion Engineered Carbons' (NYSE:OEC) Returns On Capital?4 weeks ago | Simply Wall St
Would Shareholders Who Purchased Orion Engineered Carbons' (NYSE:OEC) Stock Three Years Be Happy With The Share price Today?1 month ago | Simply Wall St
Should You Be Impressed By Orion Engineered Carbons S.A.'s (NYSE:OEC) ROE?Valuation
Is Orion Engineered Carbons undervalued compared to its fair value and its price relative to the market?
35.34x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: OEC ($16.52) is trading above our estimate of fair value ($2.64)
Significantly Below Fair Value: OEC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: OEC is poor value based on its PE Ratio (35.3x) compared to the US Chemicals industry average (32.2x).
PE vs Market: OEC is poor value based on its PE Ratio (35.3x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: OEC is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: OEC is overvalued based on its PB Ratio (6.4x) compared to the US Chemicals industry average (2.6x).
Next Steps
Future Growth
How is Orion Engineered Carbons forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
56.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OEC's forecast earnings growth (56.1% per year) is above the savings rate (2%).
Earnings vs Market: OEC's earnings (56.1% per year) are forecast to grow faster than the US market (21.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: OEC's revenue (7.8% per year) is forecast to grow slower than the US market (10.6% per year).
High Growth Revenue: OEC's revenue (7.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: OEC's Return on Equity is forecast to be high in 3 years time (36.6%)
Next Steps
Past Performance
How has Orion Engineered Carbons performed over the past 5 years?
11.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OEC has high quality earnings.
Growing Profit Margin: OEC's current net profit margins (2.5%) are lower than last year (5.4%).
Past Earnings Growth Analysis
Earnings Trend: OEC's earnings have grown by 11.7% per year over the past 5 years.
Accelerating Growth: OEC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: OEC had negative earnings growth (-66.3%) over the past year, making it difficult to compare to the Chemicals industry average (-16.3%).
Return on Equity
High ROE: OEC's Return on Equity (18%) is considered low.
Next Steps
Financial Health
How is Orion Engineered Carbons's financial position?
Financial Position Analysis
Short Term Liabilities: OEC's short term assets ($490.6M) exceed its short term liabilities ($328.4M).
Long Term Liabilities: OEC's short term assets ($490.6M) do not cover its long term liabilities ($862.2M).
Debt to Equity History and Analysis
Debt Level: OEC's debt to equity ratio (485.8%) is considered high.
Reducing Debt: OEC's debt to equity ratio has reduced from 1331.9% to 485.8% over the past 5 years.
Debt Coverage: OEC's debt is well covered by operating cash flow (23.7%).
Interest Coverage: OEC's interest payments on its debt are well covered by EBIT (5.7x coverage).
Balance Sheet
Next Steps
Dividend
What is Orion Engineered Carbons's current dividend yield, its reliability and sustainability?
0.88%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate OEC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate OEC'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 OEC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if OEC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: OEC is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of OEC's dividend in 3 years as they are not forecast to pay a notable one for the US market.
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Management
How experienced are the management team and are they aligned to shareholders interests?
1.6yrs
Average management tenure
CEO
Corning Painter (58 yo)
2.33yrs
Tenure
US$3,753,963
Compensation
Mr. Corning F. Painter has been Chief Executive Officer and Director of Orion Engineered Carbons, S.A. since October 16, 2018. He served as an Executive Vice President of Industrial Gases at Air Products a...
CEO Compensation Analysis
Compensation vs Market: Corning's total compensation ($USD3.75M) is above average for companies of similar size in the US market ($USD2.37M).
Compensation vs Earnings: Insufficient data to compare Corning's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.33yrs | US$3.75m | 0.69% $ 7.0m | |
| Chief Financial Officer | 1.17yrs | US$456.04k | 0.054% $ 548.7k | |
| Senior Vice President of Global Rubber Carbon Black & Americas Region | 1.58yrs | US$923.97k | 0.035% $ 351.2k | |
| Senior Vice President of Global Specialty Carbon Black & EMEA Region | 1.33yrs | US$410.28k | 0.015% $ 150.6k | |
| Senior Vice President of Global Operations | 1.58yrs | no data | 0.069% $ 699.4k | |
| Chief Accounting Officer | 0.42yr | no data | no data | |
| Chief Administration Officer | 1.33yrs | no data | 0.043% $ 434.4k | |
| Head of Investor Relations & Corporate Communications | 0.67yr | no data | no data | |
| Senior VP | no data | no data | 0.086% $ 871.6k | |
| Senior Vice President of Global Human Resources | 1.58yrs | no data | 0.067% $ 671.7k | |
| Senior VP & GM of Asia - Pacific Region | 7.75yrs | no data | 0.17% $ 1.7m | |
| Senior Vice President of Innovation | 5.42yrs | no data | 0.072% $ 726.4k |
1.6yrs
Average Tenure
51yo
Average Age
Experienced Management: OEC's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.33yrs | US$3.75m | 0.69% $ 7.0m | |
| Independent Chairman of the Board | 6.5yrs | US$311.93k | 0.039% $ 389.4k | |
| Independent Director | 2.42yrs | US$203.17k | 0.022% $ 219.8k | |
| Independent Director | 6.5yrs | US$203.17k | 0.015% $ 147.3k | |
| Independent Director | 0.58yr | no data | no data | |
| Independent Director | 6.5yrs | US$279.30k | 0.039% $ 389.4k | |
| Independent Director | 6.5yrs | US$203.17k | 0.014% $ 138.9k | |
| Independent Director | 0.58yr | no data | no data | |
| Independent Director | 0.58yr | no data | no data |
2.4yrs
Average Tenure
65yo
Average Age
Experienced Board: OEC's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: OEC insiders have bought and sold the same number of shares 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
Orion Engineered Carbons S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Orion Engineered Carbons S.A.
- Ticker: OEC
- Exchange: NYSE
- Founded: 2011
- Industry: Commodity Chemicals
- Sector: Materials
- Market Cap: US$1.010b
- Shares outstanding: 60.49m
- Website: https://www.orioncarbons.com
Number of Employees
Location
- Orion Engineered Carbons S.A.
- 4501 Magnolia Cove Drive
- Suite 106
- Houston
- Texas
- 77345
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| OEC | NYSE (New York Stock Exchange) | Yes | Ordinary Registered Shares | US | USD | Jul 2014 |
| 0OE | DB (Deutsche Boerse AG) | Yes | Ordinary Registered Shares | DE | EUR | Jul 2014 |
Biography
Orion Engineered Carbons S.A., together with its subsidiaries, produces and sells carbon black products in Germany, the United States, South Korea, Brazil, China, South Africa, the rest of Europe, and inte...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/25 23:05 |
| End of Day Share Price | 2021/01/25 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.