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Norbord Inc is a lumber & wood production business based in the US. Norbord shares (OSB) are listed on the NYSE and all prices are listed in US Dollars. Norbord employs 2,400 staff and has a trailing 12-month revenue of around 0.00.
|52-week range||$8.92 - $46.12|
|50-day moving average||$42.55|
|200-day moving average||$36.17|
|Wall St. target price||$36.11|
|Dividend yield||$0.592 (1.34%)|
|Earnings per share (TTM)||$2.82|
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Valuing Norbord stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Norbord's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Norbord's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 15x. In other words, Norbord shares trade at around 15x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Norbord's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.32. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Norbord's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Norbord's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $493 million.
The EBITDA is a measure of a Norbord's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$2 billion|
|Operating margin TTM||18.48%|
|Gross profit TTM||$149 million|
|Return on assets TTM||11.54%|
|Return on equity TTM||28.95%|
|Market capitalisation||$3.6 billion|
TTM: trailing 12 months
There are currently 530,134 Norbord shares held short by investors – that's known as Norbord's "short interest". This figure is 29.9% up from 408,198 last month.
There are a few different ways that this level of interest in shorting Norbord shares can be evaluated.
Norbord's "short interest ratio" (SIR) is the quantity of Norbord shares currently shorted divided by the average quantity of Norbord shares traded daily (recently around 104977.02970297). Norbord's SIR currently stands at 5.05. In other words for every 100,000 Norbord shares traded daily on the market, roughly 5050 shares are currently held short.
However Norbord's short interest can also be evaluated against the total number of Norbord shares, or, against the total number of tradable Norbord shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Norbord's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Norbord shares in existence, roughly 10 shares are currently held short) or 0% of the tradable shares (for every 100,000 tradable Norbord shares, roughly 0 shares are currently held short).
A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Norbord.
Find out more about how you can short Norbord stock.
Dividend payout ratio: 23.1% of net profits
Recently Norbord has paid out, on average, around 23.1% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.02% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Norbord shareholders could enjoy a 2.02% return on their shares, in the form of dividend payments. In Norbord's case, that would currently equate to about $0.592 per share.
While Norbord's payout ratio might seem low, this can signify that Norbord is investing more in its future growth.
Norbord's most recent dividend payout was on 20 December 2020. The latest dividend was paid out to all shareholders who bought their shares by 29 November 2020 (the "ex-dividend date").
Norbord's shares were split on a 1:10 basis on 19 October 2009. So if you had owned 10 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Norbord shares – just the quantity. However, indirectly, the new 900% higher share price could have impacted the market appetite for Norbord shares which in turn could have impacted Norbord's share price.
Over the last 12 months, Norbord's shares have ranged in value from as little as $8.92 up to $46.12. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Norbord's is 2.4231. This would suggest that Norbord's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Norbord Inc. manufactures and sells wood-based panels for retail chains, contractor supply yards, and industrial manufacturers primarily in North America and Europe. The company offers oriented strand boards for use in sheathing, flooring, and roofing in home construction applications; particleboards that are used in flooring and other construction applications; and medium density fiberboards for use in cabinet doors, moldings, and interior wall paneling applications, as well as related value-added products for use in the construction of new homes, and renovation and repair of existing structures. It markets its products under the Durastrand pointSIX, Pinnacle, Stabledge, TruFlor pointSIX and TruFlor, Rimboard, SteadiTred, QuakeZone, Tallwall, Trubord and Windstorm, SolarBord, TruDeck, StableDec, SterlingOSB, Caberwood MDF, Conti, and Caberboard brand names. The company was formerly known as Nexfor Inc. and changed its name to Norbord Inc. in June 2004.
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