KOPPERS HOLDINGS INC (KOP) Stock Fundamental Analysis
USA - NYSE:KOP - US50060P1066 - Common Stock
29.35 USD
+0.37 (+1.28%)
29.35 USD
0 (0%)
KOP gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 83 industry peers in the Chemicals industry. Both the profitability and the financial health of KOP get a neutral evaluation. Nothing too spectacular is happening here. KOP has a bad growth rate and is valued cheaply.
1. Profitability
1.1 Basic Checks
In the past year KOP was profitable.
In the past year KOP had a positive cash flow from operations.
KOP had positive earnings in each of the past 5 years.
In the past 5 years KOP always reported a positive cash flow from operatings.
1.2 Ratios
KOP has a Return On Assets of 0.78%. This is comparable to the rest of the industry: KOP outperforms 54.22% of its industry peers.
Looking at the Return On Equity, with a value of 2.87%, KOP is in line with its industry, outperforming 56.63% of the companies in the same industry.
The Return On Invested Capital of KOP (8.02%) is better than 73.49% of its industry peers.
The Average Return On Invested Capital over the past 3 years for KOP is in line with the industry average of 6.34%.
The last Return On Invested Capital (8.02%) for KOP is above the 3 year average (8.01%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.78% | ||
| ROE | 2.87% | ||
| ROIC | 8.02% |
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
KOP has a Profit Margin of 0.76%. This is comparable to the rest of the industry: KOP outperforms 51.81% of its industry peers.
KOP's Profit Margin has declined in the last couple of years.
KOP has a Operating Margin of 9.39%. This is comparable to the rest of the industry: KOP outperforms 56.63% of its industry peers.
KOP's Operating Margin has been stable in the last couple of years.
KOP has a worse Gross Margin (21.32%) than 62.65% of its industry peers.
In the last couple of years the Gross Margin of KOP has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.39% | ||
| PM (TTM) | 0.76% | ||
| GM | 21.32% |
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
An Altman-Z score of 2.22 indicates that KOP is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.22, KOP is in the better half of the industry, outperforming 60.24% of the companies in the same industry.
The Debt to FCF ratio of KOP is 13.46, which is on the high side as it means it would take KOP, 13.46 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of KOP (13.46) is comparable to the rest of the industry.
KOP has a Debt/Equity ratio of 1.83. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.83, KOP is doing worse than 79.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.83 | ||
| Debt/FCF | 13.46 | ||
| Altman-Z | 2.22 |
ROIC/WACC0.85
WACC9.44%
2.3 Liquidity
KOP has a Current Ratio of 2.60. This indicates that KOP is financially healthy and has no problem in meeting its short term obligations.
KOP has a better Current ratio (2.60) than 69.88% of its industry peers.
A Quick Ratio of 1.11 indicates that KOP should not have too much problems paying its short term obligations.
KOP's Quick ratio of 1.11 is on the low side compared to the rest of the industry. KOP is outperformed by 61.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.6 | ||
| Quick Ratio | 1.11 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 9.07% over the past year.
The Earnings Per Share has been growing slightly by 4.48% on average over the past years.
KOP shows a decrease in Revenue. In the last year, the revenue decreased by -6.20%.
Measured over the past years, KOP shows a small growth in Revenue. The Revenue has been growing by 5.03% on average per year.
EPS 1Y (TTM)9.07%
EPS 3Y-0.72%
EPS 5Y4.48%
EPS Q2Q%8.82%
Revenue 1Y (TTM)-6.2%
Revenue growth 3Y7.62%
Revenue growth 5Y5.03%
Sales Q2Q%-10.37%
3.2 Future
The Earnings Per Share is expected to grow by 8.48% on average over the next years. This is quite good.
KOP is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -3.23% yearly.
EPS Next Y-2.92%
EPS Next 2Y8.48%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-8.52%
Revenue Next 2Y-3.23%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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 6.78, the valuation of KOP can be described as very cheap.
Based on the Price/Earnings ratio, KOP is valued cheaper than 91.57% 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 27.41.
A Price/Forward Earnings ratio of 6.05 indicates a rather cheap valuation of KOP.
95.18% of the companies in the same industry are more expensive than KOP, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of KOP to the average of the S&P500 Index (22.88), we can say KOP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.78 | ||
| Fwd PE | 6.05 |
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 rather cheap when compared to the industry. KOP is cheaper than 90.36% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.05 | ||
| EV/EBITDA | 5.86 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.51
EPS Next 2Y8.48%
EPS Next 3YN/A
5. Dividend
5.1 Amount
KOP has a Yearly Dividend Yield of 1.11%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.43, KOP has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, KOP's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.11% |
5.2 History
The dividend of KOP decreases each year by -7.49%.
KOP has been paying a dividend for at least 10 years, so it has a reliable track record.
KOP has decreased its dividend in the last 3 years.
Dividend Growth(5Y)-7.49%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
KOP pays out 39.74% of its income as dividend. This is a sustainable payout ratio.
DP39.74%
EPS Next 2Y8.48%
EPS Next 3YN/A
29.35
+0.37 (+1.28%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners97.53%
Inst Owner Change0.18%
Ins Owners4.66%
Ins Owner Change0.36%
Market Cap578.78M
Analysts85.71
Price Target52.7 (79.56%)
Short Float %4.86%
Short Ratio5.9
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.11% |
Yearly Dividend0.29
Dividend Growth(5Y)-7.49%
DP39.74%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.91%
Min EPS beat(2)-2.96%
Max EPS beat(2)12.78%
EPS beat(4)2
Avg EPS beat(4)-0.75%
Min EPS beat(4)-17.43%
Max EPS beat(4)12.78%
EPS beat(8)4
Avg EPS beat(8)-0.89%
EPS beat(12)8
Avg EPS beat(12)6.76%
EPS beat(16)10
Avg EPS beat(16)4.13%
Revenue beat(2)0
Avg Revenue beat(2)-8.73%
Min Revenue beat(2)-9.6%
Max Revenue beat(2)-7.87%
Revenue beat(4)0
Avg Revenue beat(4)-7.05%
Min Revenue beat(4)-9.6%
Max Revenue beat(4)-5.02%
Revenue beat(8)1
Avg Revenue beat(8)-4.11%
Revenue beat(12)3
Avg Revenue beat(12)-2.11%
Revenue beat(16)5
Avg Revenue beat(16)-1.6%
PT rev (1m)-8.28%
PT rev (3m)-8.28%
EPS NQ rev (1m)-9.62%
EPS NQ rev (3m)-18.97%
EPS NY rev (1m)-14.04%
EPS NY rev (3m)-9.04%
Revenue NQ rev (1m)-5.87%
Revenue NQ rev (3m)-7.89%
Revenue NY rev (1m)-5.56%
Revenue NY rev (3m)-6.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.78 | ||
| Fwd PE | 6.05 | ||
| P/S | 0.29 | ||
| P/FCF | 8.05 | ||
| P/OCF | 4.37 | ||
| P/B | 1.1 | ||
| P/tB | 6.01 | ||
| EV/EBITDA | 5.86 |
EPS(TTM)4.33
EY14.75%
EPS(NY)4.85
Fwd EY16.52%
FCF(TTM)3.65
FCFY12.42%
OCF(TTM)6.71
OCFY22.86%
SpS101.04
BVpS26.71
TBVpS4.88
PEG (NY)N/A
PEG (5Y)1.51
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.78% | ||
| ROE | 2.87% | ||
| ROCE | 11.28% | ||
| ROIC | 8.02% | ||
| ROICexc | 8.21% | ||
| ROICexgc | 11.18% | ||
| OM | 9.39% | ||
| PM (TTM) | 0.76% | ||
| GM | 21.32% | ||
| FCFM | 3.61% |
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-Score7
Asset Turnover1.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.83 | ||
| Debt/FCF | 13.46 | ||
| Debt/EBITDA | 3.76 | ||
| Cap/Depr | 87.28% | ||
| Cap/Sales | 3.03% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 51.62% | ||
| Profit Quality | 476.16% | ||
| Current Ratio | 2.6 | ||
| Quick Ratio | 1.11 | ||
| Altman-Z | 2.22 |
F-Score7
WACC9.44%
ROIC/WACC0.85
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)9.07%
EPS 3Y-0.72%
EPS 5Y4.48%
EPS Q2Q%8.82%
EPS Next Y-2.92%
EPS Next 2Y8.48%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-6.2%
Revenue growth 3Y7.62%
Revenue growth 5Y5.03%
Sales Q2Q%-10.37%
Revenue Next Year-8.52%
Revenue Next 2Y-3.23%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y2.46%
EBIT growth 3Y11.3%
EBIT growth 5Y6.06%
EBIT Next Year45.19%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y317.22%
FCF growth 3YN/A
FCF growth 5Y-12.22%
OCF growth 1Y67.47%
OCF growth 3Y5.05%
OCF growth 5Y0.27%