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 4 out of 10. We evaluated KOP against 85 industry peers in the Chemicals industry. KOP has a medium profitability rating, but doesn't score so well on its financial health evaluation. KOP is cheap, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
KOP had positive earnings in the past year.
KOP had a positive operating cash flow in the past year.
Each year in the past 5 years KOP has been profitable.
KOP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of KOP (3.85%) is better than 62.65% of its industry peers.
Looking at the Return On Equity, with a value of 14.18%, KOP is in the better half of the industry, outperforming 77.11% of the companies in the same industry.
The Return On Invested Capital of KOP (7.84%) is better than 74.70% 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 6.65%.
The 3 year average ROIC (7.37%) for KOP is below the current ROIC(7.84%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.85% | ||
| ROE | 14.18% | ||
| ROIC | 7.84% |
ROA(3y)4.56%
ROA(5y)5.12%
ROE(3y)18.24%
ROE(5y)27.13%
ROIC(3y)7.37%
ROIC(5y)7.59%
1.3 Margins
KOP has a Profit Margin (3.55%) which is in line with its industry peers.
In the last couple of years the Profit Margin of KOP has grown nicely.
KOP has a Operating Margin of 8.87%. This is comparable to the rest of the industry: KOP outperforms 50.60% of its industry peers.
In the last couple of years the Operating Margin of KOP has grown nicely.
The Gross Margin of KOP (20.46%) is worse than 63.86% of its industry peers.
KOP's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.87% | ||
| PM (TTM) | 3.55% | ||
| GM | 20.46% |
OM growth 3Y-2.8%
OM growth 5Y7.73%
PM growth 3Y-17.26%
PM growth 5Y22.56%
GM growth 3Y-3%
GM growth 5Y0.4%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so KOP is destroying value.
Compared to 1 year ago, KOP has more shares outstanding
KOP has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, KOP has an improved debt to assets ratio.
2.2 Solvency
KOP has an Altman-Z score of 2.29. 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's Altman-Z score of 2.29 is fine compared to the rest of the industry. KOP outperforms 65.06% of its industry peers.
KOP has a debt to FCF ratio of 42.10. This is a negative value and a sign of low solvency as KOP would need 42.10 years to pay back of all of its debts.
KOP's Debt to FCF ratio of 42.10 is on the low side compared to the rest of the industry. KOP is outperformed by 61.45% of its industry peers.
KOP has a Debt/Equity ratio of 1.83. This is a high value indicating a heavy dependency on external financing.
KOP has a worse Debt to Equity ratio (1.83) than 85.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.83 | ||
| Debt/FCF | 42.1 | ||
| Altman-Z | 2.29 |
ROIC/WACC0.87
WACC9.01%
2.3 Liquidity
A Current Ratio of 2.54 indicates that KOP has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.54, KOP is in the better half of the industry, outperforming 69.88% of the companies in the same industry.
A Quick Ratio of 1.13 indicates that KOP should not have too much problems paying its short term obligations.
KOP has a Quick ratio (1.13) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.54 | ||
| Quick Ratio | 1.13 |
3. Growth
3.1 Past
KOP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -16.08%.
KOP shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.90% yearly.
The Revenue has been growing slightly by 0.22% in the past year.
The Revenue has been growing slightly by 6.63% on average over the past years.
EPS 1Y (TTM)-16.08%
EPS 3Y1.9%
EPS 5Y4.9%
EPS Q2Q%3.79%
Revenue 1Y (TTM)0.22%
Revenue growth 3Y8.88%
Revenue growth 5Y6.63%
Sales Q2Q%0.71%
3.2 Future
Based on estimates for the next years, KOP will show a small growth in Earnings Per Share. The EPS will grow by 1.91% on average per year.
KOP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.62% yearly.
EPS Next Y-1.31%
EPS Next 2Y1.72%
EPS Next 3Y1.91%
EPS Next 5YN/A
Revenue Next Year-0.42%
Revenue Next 2Y0.56%
Revenue Next 3Y1.62%
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 decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 7.51, the valuation of KOP can be described as very cheap.
Based on the Price/Earnings ratio, KOP is valued cheaper than 92.77% of the companies in the same industry.
KOP's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 29.63.
Based on the Price/Forward Earnings ratio of 6.68, the valuation of KOP can be described as very cheap.
Based on the Price/Forward Earnings ratio, KOP is valued cheaply inside the industry as 93.98% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 22.68. KOP is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.51 | ||
| Fwd PE | 6.68 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, KOP is valued cheaply inside the industry as 90.36% of the companies are valued more expensively.
KOP's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.26 | ||
| EV/EBITDA | 6.07 |
4.3 Compensation for Growth
KOP has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.53
EPS Next 2Y1.72%
EPS Next 3Y1.91%
5. Dividend
5.1 Amount
KOP has a Yearly Dividend Yield of 1.05%.
In the last 3 months the price of KOP has falen by -21.05%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
KOP's Dividend Yield is comparable with the industry average which is at 3.28.
Compared to an average S&P500 Dividend Yield of 2.27, KOP's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.05% |
5.2 History
The dividend of KOP decreases each year by -24.83%.
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)-24.83%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
KOP pays out 7.68% of its income as dividend. This is a sustainable payout ratio.
DP7.68%
EPS Next 2Y1.72%
EPS Next 3Y1.91%
30.19
-0.39 (-1.28%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners96.35%
Inst Owner Change-94.65%
Ins Owners4.75%
Ins Owner Change5.8%
Market Cap611.95M
Analysts85.71
Price Target66.3 (119.61%)
Short Float %2.7%
Short Ratio3.96
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.05% |
Yearly Dividend0.24
Dividend Growth(5Y)-24.83%
DP7.68%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.18%
Min EPS beat(2)4.61%
Max EPS beat(2)5.75%
EPS beat(4)2
Avg EPS beat(4)-0.7%
Min EPS beat(4)-7.92%
Max EPS beat(4)5.75%
EPS beat(8)6
Avg EPS beat(8)11.01%
EPS beat(12)9
Avg EPS beat(12)7.73%
EPS beat(16)12
Avg EPS beat(16)9.43%
Revenue beat(2)0
Avg Revenue beat(2)-5.24%
Min Revenue beat(2)-5.47%
Max Revenue beat(2)-5.02%
Revenue beat(4)1
Avg Revenue beat(4)-1.8%
Min Revenue beat(4)-5.47%
Max Revenue beat(4)5.06%
Revenue beat(8)3
Avg Revenue beat(8)0.28%
Revenue beat(12)5
Avg Revenue beat(12)0.27%
Revenue beat(16)6
Avg Revenue beat(16)-0.33%
PT rev (1m)0.52%
PT rev (3m)0.52%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)2.73%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.82%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.51 | ||
| Fwd PE | 6.68 | ||
| P/S | 0.29 | ||
| P/FCF | 26.26 | ||
| P/OCF | 5.5 | ||
| P/B | 1.15 | ||
| P/tB | 6.85 | ||
| EV/EBITDA | 6.07 |
EPS(TTM)4.02
EY13.32%
EPS(NY)4.52
Fwd EY14.98%
FCF(TTM)1.15
FCFY3.81%
OCF(TTM)5.49
OCFY18.19%
SpS105
BVpS26.26
TBVpS4.41
PEG (NY)N/A
PEG (5Y)1.53
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.85% | ||
| ROE | 14.18% | ||
| ROCE | 11.28% | ||
| ROIC | 7.84% | ||
| ROICexc | 8.05% | ||
| ROICexgc | 11.06% | ||
| OM | 8.87% | ||
| PM (TTM) | 3.55% | ||
| GM | 20.46% | ||
| FCFM | 1.09% |
ROA(3y)4.56%
ROA(5y)5.12%
ROE(3y)18.24%
ROE(5y)27.13%
ROIC(3y)7.37%
ROIC(5y)7.59%
ROICexc(3y)7.63%
ROICexc(5y)7.84%
ROICexgc(3y)10.87%
ROICexgc(5y)11.64%
ROCE(3y)10.61%
ROCE(5y)10.93%
ROICexcg growth 3Y-2.42%
ROICexcg growth 5Y4.63%
ROICexc growth 3Y1.36%
ROICexc growth 5Y9.59%
OM growth 3Y-2.8%
OM growth 5Y7.73%
PM growth 3Y-17.26%
PM growth 5Y22.56%
GM growth 3Y-3%
GM growth 5Y0.4%
F-Score6
Asset Turnover1.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.83 | ||
| Debt/FCF | 42.1 | ||
| Debt/EBITDA | 3.82 | ||
| Cap/Depr | 132.33% | ||
| Cap/Sales | 4.13% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 43.61% | ||
| Profit Quality | 30.86% | ||
| Current Ratio | 2.54 | ||
| Quick Ratio | 1.13 | ||
| Altman-Z | 2.29 |
F-Score6
WACC9.01%
ROIC/WACC0.87
Cap/Depr(3y)205.25%
Cap/Depr(5y)162.46%
Cap/Sales(3y)6.12%
Cap/Sales(5y)4.96%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-16.08%
EPS 3Y1.9%
EPS 5Y4.9%
EPS Q2Q%3.79%
EPS Next Y-1.31%
EPS Next 2Y1.72%
EPS Next 3Y1.91%
EPS Next 5YN/A
Revenue 1Y (TTM)0.22%
Revenue growth 3Y8.88%
Revenue growth 5Y6.63%
Sales Q2Q%0.71%
Revenue Next Year-0.42%
Revenue Next 2Y0.56%
Revenue Next 3Y1.62%
Revenue Next 5YN/A
EBIT growth 1Y2.67%
EBIT growth 3Y5.82%
EBIT growth 5Y14.87%
EBIT Next Year36.15%
EBIT Next 3Y16.63%
EBIT Next 5YN/A
FCF growth 1Y453.03%
FCF growth 3Y-23.86%
FCF growth 5YN/A
OCF growth 1Y0.45%
OCF growth 3Y4.56%
OCF growth 5Y11.57%