KOPPERS HOLDINGS INC (KOP) Stock Fundamental Analysis
NYSE:KOP - New York Stock Exchange, Inc. - US50060P1066 - Common Stock - Currency: USD
Taking everything into account, KOP scores 4 out of 10 in our fundamental rating. KOP was compared to 85 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 is valued quite cheap, but it does not seem to be growing.
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
The Return On Assets of KOP (1.35%) is comparable to the rest of the industry.
With a Return On Equity value of 5.12%, KOP perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 8.20%, KOP is in the better half of the industry, outperforming 74.12% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for KOP is in line with the industry average of 7.03%.
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
KOP's Profit Margin of 1.24% is in line compared to the rest of the industry. KOP outperforms 50.59% of its industry peers.
In the last couple of years the Profit Margin of KOP has declined.
KOP's Operating Margin of 9.16% is in line compared to the rest of the industry. KOP outperforms 51.76% of its industry peers.
In the last couple of years the Operating Margin of KOP has remained more or less at the same level.
The Gross Margin of KOP (21.07%) is worse than 65.88% 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 | 9.16% | ||
| 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.
KOP has less shares outstanding than it did 1 year ago.
KOP has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, KOP has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.30 indicates that KOP is not a great score, but indicates only limited risk for bankruptcy at the moment.
KOP's Altman-Z score of 2.30 is fine compared to the rest of the industry. KOP outperforms 64.71% 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 has a Debt to FCF ratio (22.50) which is comparable to the rest of the industry.
KOP has a Debt/Equity ratio of 1.96. This is a high value indicating a heavy dependency on external financing.
KOP has a Debt to Equity ratio of 1.96. This is amonst the worse of the industry: KOP underperforms 83.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.96 | ||
| Debt/FCF | 22.5 | ||
| Altman-Z | 2.3 |
ROIC/WACC0.88
WACC9.37%
2.3 Liquidity
KOP has a Current Ratio of 2.64. This indicates that KOP is financially healthy and has no problem in meeting its short term obligations.
With a decent Current ratio value of 2.64, KOP is doing good in the industry, outperforming 76.47% of the companies in the same industry.
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 (1.10) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.64 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
KOP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.79%, which is quite good.
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%.
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)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
The Earnings Per Share is expected to grow by 5.21% on average over the next years.
Based on estimates for the next years, KOP will show a small growth in Revenue. The Revenue will grow by 0.70% on average per year.
EPS Next Y6.72%
EPS Next 2Y5.21%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year0.14%
Revenue Next 2Y0.7%
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 stable.
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 7.30, the valuation of KOP can be described as very cheap.
92.94% of the companies in the same industry are more expensive than KOP, based on the Price/Earnings ratio.
KOP is valuated cheaply when we compare the Price/Earnings ratio to 26.25, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 6.74, the valuation of KOP can be described as very cheap.
90.59% of the companies in the same industry are more expensive than KOP, based on the Price/Forward Earnings ratio.
KOP is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.15, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.3 | ||
| Fwd PE | 6.74 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of KOP indicates a rather cheap valuation: KOP is cheaper than 84.71% of the companies listed 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 | 14.1 | ||
| EV/EBITDA | 6.07 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.09
PEG (5Y)1.63
EPS Next 2Y5.21%
EPS Next 3YN/A
5. Dividend
5.1 Amount
KOP has a Yearly Dividend Yield of 1.01%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.76, KOP has a dividend in line with its industry peers.
With a Dividend Yield of 1.01, KOP pays less dividend than the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.01% |
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 23.53% of its income as dividend. This is a sustainable payout ratio.
DP23.53%
EPS Next 2Y5.21%
EPS Next 3YN/A
30.72
-0.83 (-2.63%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners96.35%
Inst Owner Change0.43%
Ins Owners4.75%
Ins Owner Change6.92%
Market Cap614.71M
Analysts85.71
Price Target57.46 (87.04%)
Short Float %3.37%
Short Ratio3.37
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.01% |
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)-13.33%
EPS NQ rev (1m)-0.24%
EPS NQ rev (3m)0.72%
EPS NY rev (1m)-0.61%
EPS NY rev (3m)-2.76%
Revenue NQ rev (1m)-1.61%
Revenue NQ rev (3m)0.16%
Revenue NY rev (1m)-2.06%
Revenue NY rev (3m)-1.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.3 | ||
| Fwd PE | 6.74 | ||
| P/S | 0.3 | ||
| P/FCF | 14.1 | ||
| P/OCF | 5.64 | ||
| P/B | 1.23 | ||
| P/tB | 9.44 | ||
| EV/EBITDA | 6.07 |
EPS(TTM)4.21
EY13.7%
EPS(NY)4.56
Fwd EY14.84%
FCF(TTM)2.18
FCFY7.09%
OCF(TTM)5.45
OCFY17.73%
SpS102.5
BVpS24.89
TBVpS3.25
PEG (NY)1.09
PEG (5Y)1.63
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 | 2.3 |
F-Score6
WACC9.37%
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 Y6.72%
EPS Next 2Y5.21%
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 Year0.14%
Revenue Next 2Y0.7%
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%