KOPPERS HOLDINGS INC (KOP) Stock Fundamental Analysis
NYSE:KOP - New York Stock Exchange, Inc. - US50060P1066 - Common Stock - Currency: USD
Overall KOP gets a fundamental rating of 5 out of 10. We evaluated KOP against 85 industry peers in the Chemicals industry. KOP has only an average score on both its financial health and profitability. KOP has a bad growth rate and is valued cheaply.
1. Profitability
1.1 Basic Checks
KOP had positive earnings in the past year.
In the past year KOP had a positive cash flow from operations.
Each year in the past 5 years KOP has been profitable.
Each year in the past 5 years KOP had a positive operating cash flow.
1.2 Ratios
KOP's Return On Assets of 1.35% is in line compared to the rest of the industry. KOP outperforms 51.76% of its industry peers.
KOP has a Return On Equity of 5.12%. This is comparable to the rest of the industry: KOP outperforms 58.82% of its industry peers.
KOP has a Return On Invested Capital of 8.20%. This is in the better half of the industry: KOP outperforms 74.12% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for KOP is in line with the industry average of 6.84%.
The 3 year average ROIC (8.01%) for KOP is below the current ROIC(8.20%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.35% | ||
| ROE | 5.12% | ||
| ROIC | 8.2% |
ROA(3y)3.78%
ROA(5y)4.82%
ROE(3y)14.83%
ROE(5y)20.23%
ROIC(3y)8.01%
ROIC(5y)7.9%
1.3 Margins
The Profit Margin of KOP (1.24%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of KOP has declined.
With a Operating Margin value of 9.16%, KOP perfoms like the industry average, outperforming 51.76% of the companies in the same industry.
In the last couple of years the Operating Margin of KOP has remained more or less at the same level.
With a Gross Margin value of 21.07%, KOP is not doing good in the industry: 64.71% of the companies in the same industry are doing better.
KOP's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.16% | ||
| PM (TTM) | 1.24% | ||
| GM | 21.07% |
OM growth 3Y3.42%
OM growth 5Y0.98%
PM growth 3Y-20.98%
PM growth 5Y-9.25%
GM growth 3Y0.49%
GM growth 5Y0%
2. Health
2.1 Basic Checks
KOP has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for KOP has been reduced compared to 1 year ago.
The number of shares outstanding for KOP has been reduced compared to 5 years ago.
The debt/assets ratio for KOP is higher compared to a year ago.
2.2 Solvency
KOP has an Altman-Z score of 2.32. This is not the best score and indicates that KOP is in the grey zone with still only limited risk for bankruptcy at the moment.
KOP has a Altman-Z score of 2.32. This is in the better half of the industry: KOP outperforms 62.35% of its industry peers.
The Debt to FCF ratio of KOP is 22.50, which is on the high side as it means it would take KOP, 22.50 years of fcf income to pay off all of its debts.
KOP's Debt to FCF ratio of 22.50 is in line compared to the rest of the industry. KOP outperforms 48.24% of its industry peers.
KOP has a Debt/Equity ratio of 1.96. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.96, KOP is not doing good in the industry: 83.53% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.96 | ||
| Debt/FCF | 22.5 | ||
| Altman-Z | 2.32 |
ROIC/WACC0.88
WACC9.29%
2.3 Liquidity
A Current Ratio of 2.64 indicates that KOP has no problem at all paying its short term obligations.
The Current ratio of KOP (2.64) is better than 75.29% of its industry peers.
KOP has a Quick Ratio of 1.10. This is a normal value and indicates that KOP is financially healthy and should not expect problems in meeting its short term obligations.
KOP has a Quick ratio of 1.10. This is comparable to the rest of the industry: KOP outperforms 43.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.64 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 8.79% over the past year.
KOP shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.48% yearly.
KOP shows a decrease in Revenue. In the last year, the revenue decreased by -4.09%.
KOP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.03% yearly.
EPS 1Y (TTM)8.79%
EPS 3Y-0.72%
EPS 5Y4.48%
EPS Q2Q%14.52%
Revenue 1Y (TTM)-4.09%
Revenue growth 3Y7.62%
Revenue growth 5Y5.03%
Sales Q2Q%-8.26%
3.2 Future
Based on estimates for the next years, KOP will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.40% on average per year.
KOP is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.30% yearly.
EPS Next Y12.93%
EPS Next 2Y12.4%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-3.14%
Revenue Next 2Y-0.3%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 7.84 indicates a rather cheap valuation of KOP.
91.76% of the companies in the same industry are more expensive than KOP, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.29. KOP is valued rather cheaply when compared to this.
KOP is valuated cheaply with a Price/Forward Earnings ratio of 6.34.
Based on the Price/Forward Earnings ratio, KOP is valued cheaper than 92.94% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of KOP to the average of the S&P500 Index (21.74), we can say KOP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.84 | ||
| Fwd PE | 6.34 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, KOP is valued cheaper than 85.88% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, KOP is valued a bit cheaper than 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.14 | ||
| EV/EBITDA | 6.25 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as KOP's earnings are expected to grow with 12.40% in the coming years.
PEG (NY)0.61
PEG (5Y)1.75
EPS Next 2Y12.4%
EPS Next 3YN/A
5. Dividend
5.1 Amount
KOP has a yearly dividend return of 0.95%, which is pretty low.
Compared to an average industry Dividend Yield of 3.57, KOP has a dividend in line with its industry peers.
With a Dividend Yield of 0.95, KOP pays less dividend than the S&P500 average, which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.95% |
5.2 History
The dividend of KOP decreases each year by -7.49%.
KOP has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of KOP decreased in the last 3 years.
Dividend Growth(5Y)-7.49%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
KOP pays out 23.53% of its income as dividend. This is a sustainable payout ratio.
DP23.53%
EPS Next 2Y12.4%
EPS Next 3YN/A
32.99
-0.7 (-2.08%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners97.94%
Inst Owner Change-0.09%
Ins Owners4.67%
Ins Owner Change0.55%
Market Cap660.13M
Analysts85.71
Price Target57.46 (74.17%)
Short Float %3.9%
Short Ratio4.91
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.95% |
Yearly Dividend0.29
Dividend Growth(5Y)-7.49%
DP23.53%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.33%
Min EPS beat(2)-17.43%
Max EPS beat(2)12.78%
EPS beat(4)3
Avg EPS beat(4)1.43%
Min EPS beat(4)-17.43%
Max EPS beat(4)12.78%
EPS beat(8)5
Avg EPS beat(8)1.38%
EPS beat(12)8
Avg EPS beat(12)5.64%
EPS beat(16)11
Avg EPS beat(16)4.47%
Revenue beat(2)0
Avg Revenue beat(2)-6.78%
Min Revenue beat(2)-7.87%
Max Revenue beat(2)-5.7%
Revenue beat(4)0
Avg Revenue beat(4)-6.01%
Min Revenue beat(4)-7.87%
Max Revenue beat(4)-5.02%
Revenue beat(8)2
Avg Revenue beat(8)-1.96%
Revenue beat(12)4
Avg Revenue beat(12)-1.2%
Revenue beat(16)5
Avg Revenue beat(16)-1.34%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)8.37%
EPS NY rev (1m)5.82%
EPS NY rev (3m)5.18%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.55%
Revenue NY rev (1m)-0.67%
Revenue NY rev (3m)-5.26%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.84 | ||
| Fwd PE | 6.34 | ||
| P/S | 0.32 | ||
| P/FCF | 15.14 | ||
| P/OCF | 6.06 | ||
| P/B | 1.33 | ||
| P/tB | 10.14 | ||
| EV/EBITDA | 6.25 |
EPS(TTM)4.21
EY12.76%
EPS(NY)5.2
Fwd EY15.78%
FCF(TTM)2.18
FCFY6.6%
OCF(TTM)5.45
OCFY16.51%
SpS102.5
BVpS24.89
TBVpS3.25
PEG (NY)0.61
PEG (5Y)1.75
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.35% | ||
| ROE | 5.12% | ||
| ROCE | 11.54% | ||
| ROIC | 8.2% | ||
| ROICexc | 8.37% | ||
| ROICexgc | 11.49% | ||
| OM | 9.16% | ||
| PM (TTM) | 1.24% | ||
| GM | 21.07% | ||
| FCFM | 2.13% |
ROA(3y)3.78%
ROA(5y)4.82%
ROE(3y)14.83%
ROE(5y)20.23%
ROIC(3y)8.01%
ROIC(5y)7.9%
ROICexc(3y)8.28%
ROICexc(5y)8.16%
ROICexgc(3y)11.62%
ROICexgc(5y)11.81%
ROCE(3y)11.26%
ROCE(5y)11.11%
ROICexcg growth 3Y4.72%
ROICexcg growth 5Y-0.94%
ROICexc growth 3Y6.46%
ROICexc growth 5Y1.75%
OM growth 3Y3.42%
OM growth 5Y0.98%
PM growth 3Y-20.98%
PM growth 5Y-9.25%
GM growth 3Y0.49%
GM growth 5Y0%
F-Score6
Asset Turnover1.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.96 | ||
| Debt/FCF | 22.5 | ||
| Debt/EBITDA | 3.79 | ||
| Cap/Depr | 94.24% | ||
| Cap/Sales | 3.19% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 42.36% | ||
| Profit Quality | 170.98% | ||
| Current Ratio | 2.64 | ||
| Quick Ratio | 1.1 | ||
| Altman-Z | 2.32 |
F-Score6
WACC9.29%
ROIC/WACC0.88
Cap/Depr(3y)171.26%
Cap/Depr(5y)171.89%
Cap/Sales(3y)4.87%
Cap/Sales(5y)5.25%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)8.79%
EPS 3Y-0.72%
EPS 5Y4.48%
EPS Q2Q%14.52%
EPS Next Y12.93%
EPS Next 2Y12.4%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-4.09%
Revenue growth 3Y7.62%
Revenue growth 5Y5.03%
Sales Q2Q%-8.26%
Revenue Next Year-3.14%
Revenue Next 2Y-0.3%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y4.68%
EBIT growth 3Y11.3%
EBIT growth 5Y6.06%
EBIT Next Year44.2%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y400.69%
FCF growth 3YN/A
FCF growth 5Y-12.22%
OCF growth 1Y14.74%
OCF growth 3Y5.05%
OCF growth 5Y0.27%