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Owens Corning is a building products & equipment business based in the US. Owens Corning shares (OC) are listed on the NYSE and all prices are listed in US Dollars. Owens Corning employs 18,000 staff and has a trailing 12-month revenue of around USD$7.1 billion.
|52-week range||USD$28.2544 - USD$87.885|
|50-day moving average||USD$82.2058|
|200-day moving average||USD$73.6634|
|Wall St. target price||USD$92|
|Dividend yield||USD$0.98 (1.19%)|
|Earnings per share (TTM)||USD$4.565|
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Valuing Owens Corning stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Owens Corning's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Owens Corning's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 10x. In other words, Owens Corning shares trade at around 10x 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.
Owens Corning's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.8213. 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 Owens Corning's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Owens Corning's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$1.3 billion.
The EBITDA is a measure of a Owens Corning's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$7.1 billion|
|Operating margin TTM||12.36%|
|Gross profit TTM||USD$1.6 billion|
|Return on assets TTM||5.59%|
|Return on equity TTM||-8.94%|
|Market capitalisation||USD$8.7 billion|
TTM: trailing 12 months
There are currently 2.2 million Owens Corning shares held short by investors – that's known as Owens Corning's "short interest". This figure is 2.4% down from 2.3 million last month.
There are a few different ways that this level of interest in shorting Owens Corning shares can be evaluated.
Owens Corning's "short interest ratio" (SIR) is the quantity of Owens Corning shares currently shorted divided by the average quantity of Owens Corning shares traded daily (recently around 1.0 million). Owens Corning's SIR currently stands at 2.15. In other words for every 100,000 Owens Corning shares traded daily on the market, roughly 2150 shares are currently held short.
However Owens Corning's short interest can also be evaluated against the total number of Owens Corning shares, or, against the total number of tradable Owens Corning shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Owens Corning's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Owens Corning shares in existence, roughly 20 shares are currently held short) or 0.0231% of the tradable shares (for every 100,000 tradable Owens Corning shares, roughly 23 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Owens Corning.
Find out more about how you can short Owens Corning stock.
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Owens Corning.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 20.16
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Owens Corning's overall score of 20.16 (as at 01/01/2019) is excellent – landing it in it in the 15th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Owens Corning is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 11.48/100
Owens Corning's environmental score of 11.48 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that Owens Corning is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 8.41/100
Owens Corning's social score of 8.41 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that Owens Corning is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 9.27/100
Owens Corning's governance score puts it squarely in the 7th percentile of companies rated in the same sector. That could suggest that Owens Corning is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Owens Corning scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Owens Corning has, for the most part, managed to keep its nose clean.
|Total ESG score||20.16|
|Total ESG percentile||14.58|
|Environmental score percentile||7|
|Social score percentile||7|
|Governance score percentile||7|
|Level of controversy||2|
Dividend payout ratio: 19.69% of net profits
Recently Owens Corning has paid out, on average, around 19.69% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.26% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Owens Corning shareholders could enjoy a 1.26% return on their shares, in the form of dividend payments. In Owens Corning's case, that would currently equate to about $0.98 per share.
While Owens Corning's payout ratio might seem low, this can signify that Owens Corning is investing more in its future growth.
Owens Corning's most recent dividend payout was on 2 April 2021. The latest dividend was paid out to all shareholders who bought their shares by 4 March 2021 (the "ex-dividend date").
Over the last 12 months, Owens Corning's shares have ranged in value from as little as $28.2544 up to $87.885. 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 Owens Corning's is 1.556. This would suggest that Owens Corning's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
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 under the Thermafiber, FOAMGLAS, Paroc, Owens Corning PINK, and FIBERGLAS Insulation brand names. 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.
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