| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 1/6 |
| Past Performance | 4/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
OEC Stock Overview
Orion Engineered Carbons S.A., together with its subsidiaries, manufactures and sells carbon black products in Germany, the United States, South Korea, Brazil, China, South Africa, the rest of Europe, and internationally.
Orion Engineered Carbons Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$14.41 |
| 52 Week High | US$20.99 |
| 52 Week Low | US$13.84 |
| Beta | 1.64 |
| 1 Month Change | -24.91% |
| 3 Month Change | -8.28% |
| 1 Year Change | -23.64% |
| 3 Year Change | -32.70% |
| 5 Year Change | -27.77% |
| Change since IPO | -17.66% |
Recent News & Updates
Is Now The Time To Look At Buying Orion Engineered Carbons S.A. (NYSE:OEC)?
Orion Engineered Carbons S.A. ( NYSE:OEC ), might not be a large cap stock, but it saw significant share price movement...
Estimating The Fair Value Of Orion Engineered Carbons S.A. (NYSE:OEC)
Today we will run through one way of estimating the intrinsic value of Orion Engineered Carbons S.A. ( NYSE:OEC ) by...
Shareholder Returns
| OEC | US Chemicals | US Market | |
|---|---|---|---|
| 7D | -4.8% | 3.6% | 6.6% |
| 1Y | -23.6% | -8.3% | -18.5% |
Return vs Industry: OEC underperformed the US Chemicals industry which returned -8.3% over the past year.
Return vs Market: OEC underperformed the US Market which returned -18.5% over the past year.
Price Volatility
| OEC volatility | |
|---|---|
| OEC Average Weekly Movement | 6.2% |
| Chemicals Industry Average Movement | 6.8% |
| Market Average Movement | 8.0% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: OEC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: OEC's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1862 | 1,475 | Corning Painter | https://www.orioncarbons.com |
Orion Engineered Carbons S.A., together with its subsidiaries, manufactures and sells carbon black products in Germany, the United States, South Korea, Brazil, China, South Africa, the rest of Europe, and internationally. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and conductive carbon black grades for polymers, coatings, and battery electrodes.
Orion Engineered Carbons Fundamentals Summary
| OEC fundamental statistics | |
|---|---|
| Market Cap | US$875.40m |
| Earnings (TTM) | US$143.70m |
| Revenue (TTM) | US$1.67b |
6.1x
P/E Ratio0.5x
P/S RatioIs OEC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| OEC income statement (TTM) | |
|---|---|
| Revenue | US$1.67b |
| Cost of Revenue | US$1.27b |
| Gross Profit | US$402.00m |
| Other Expenses | US$258.30m |
| Earnings | US$143.70m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.37 |
| Gross Margin | 24.05% |
| Net Profit Margin | 8.60% |
| Debt/Equity Ratio | 219.9% |
How did OEC perform over the long term?
See historical performance and comparisonDividends
0.6%
Current Dividend Yield2%
Payout RatioValuation
Is OEC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for OEC?
Other financial metrics that can be useful for relative valuation.
| What is OEC's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$875.40m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1x |
| Enterprise Value/EBITDA | 6.4x |
| PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does OEC's PE Ratio compare to its peers?
| OEC PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 9.5x |
Price-To-Earnings vs Peers: OEC is good value based on its Price-To-Earnings Ratio (6.1x) compared to the peer average (9.5x).
Price to Earnings Ratio vs Industry
How does OEC's PE Ratio compare vs other companies in the U.S. Chemicals Industry?
Price-To-Earnings vs Industry: OEC is good value based on its Price-To-Earnings Ratio (6.1x) compared to the US Chemicals industry average (16.1x)
Price to Earnings Ratio vs Fair Ratio
What is OEC'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 6.1x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate OEC's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of OEC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: OEC ($14.41) is trading below our estimate of fair value ($18.9)
Significantly Below Fair Value: OEC is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate OEC's PEG Ratio to determine if it is good value.
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Future Growth
How is Orion Engineered Carbons forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score
1/6Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
6.4%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if OEC's forecast earnings growth is above the savings rate (1.9%).
Earnings vs Market: Insufficient data to determine if OEC's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if OEC's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: OEC's revenue (6.4% per year) is forecast to grow slower than the US market (8.4% per year).
High Growth Revenue: OEC's revenue (6.4% 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 (29%)
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Past Performance
How has Orion Engineered Carbons performed over the past 5 years?
Past Performance Score
4/6Past Performance Score 4/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
7.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OEC has a high level of non-cash earnings.
Growing Profit Margin: OEC's current net profit margins (8.6%) are higher than last year (2%).
Past Earnings Growth Analysis
Earnings Trend: OEC's earnings have grown by 7.8% per year over the past 5 years.
Accelerating Growth: OEC's earnings growth over the past year (507.1%) exceeds its 5-year average (7.8% per year).
Earnings vs Industry: OEC earnings growth over the past year (507.1%) exceeded the Chemicals industry 30.2%.
Return on Equity
High ROE: Whilst OEC's Return on Equity (38.08%) is high, this metric is skewed due to their high level of debt.
Discover strong past performing companies
Financial Health
How is Orion Engineered Carbons's financial position?
Financial Health Score
3/6Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: OEC's short term assets ($769.3M) exceed its short term liabilities ($510.8M).
Long Term Liabilities: OEC's short term assets ($769.3M) do not cover its long term liabilities ($880.4M).
Debt to Equity History and Analysis
Debt Level: OEC's net debt to equity ratio (209%) is considered high.
Reducing Debt: OEC's debt to equity ratio has reduced from 856.2% to 219.9% over the past 5 years.
Debt Coverage: OEC's debt is not well covered by operating cash flow (13.9%).
Interest Coverage: OEC's interest payments on its debt are well covered by EBIT (5.1x coverage).
Balance Sheet
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Dividend
What is Orion Engineered Carbons's current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
0.57%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: OEC's dividend (0.57%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: OEC's dividend (0.57%) is low compared to the top 25% of dividend payers in the US market (4.24%).
Stability and Growth of Payments
Stable Dividend: OEC is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: OEC is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Earnings Payout to Shareholders
Earnings Coverage: OEC is not paying a notable dividend for the US market.
Cash Payout to Shareholders
Cash Flow Coverage: OEC is paying a dividend but the company has no free cash flows.
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Management
How experienced are the management team and are they aligned to shareholders interests?
3.0yrs
Average management tenure
CEO
Corning Painter (59 yo)
3.75yrs
Tenure
US$5,899,282
Compensation
Mr. Corning F. Painter has been Chief Executive Officer and Executive Director of Orion Engineered Carbons, S.A. since September 2018. He served as an Executive Vice President of Industrial Gases at Air Pr...
CEO Compensation Analysis
Compensation vs Market: Corning's total compensation ($USD5.90M) is above average for companies of similar size in the US market ($USD4.05M).
Compensation vs Earnings: Corning's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: OEC's management team is considered experienced (3 years average tenure).
Board Members
Experienced Board: OEC's board of directors are considered experienced (3.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: OEC 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
Orion Engineered Carbons S.A.'s employee growth, exchange listings and data sources
Key Information
- Name: Orion Engineered Carbons S.A.
- Ticker: OEC
- Exchange: NYSE
- Founded: 1862
- Industry: Commodity Chemicals
- Sector: Materials
- Implied Market Cap: US$875.397m
- Shares outstanding: 60.75m
- Website: https://www.orioncarbons.com
Number of Employees
Location
- Orion Engineered Carbons S.A.
- 6 Route de TrEves
- Senningerberg
- 2633
- Luxembourg
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/25 00:00 |
| End of Day Share Price | 2022/06/24 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.