KOPPERS HOLDINGS INC (KOP) Stock Fundamental Analysis
NYSE:KOP - New York Stock Exchange, Inc. - US50060P1066 - Common Stock - Currency: USD
KOP gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 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 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.
In the past 5 years KOP has always been profitable.
KOP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
KOP has a Return On Assets (1.35%) which is in line with its industry peers.
The Return On Equity of KOP (5.12%) is comparable to the rest of the industry.
The Return On Invested Capital of KOP (8.20%) is better than 73.81% 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 6.84%.
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
KOP has a Profit Margin (1.24%) which is in line with its industry peers.
KOP's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 9.16%, KOP is in line with its industry, outperforming 51.19% 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: 65.48% 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so KOP 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 2.31 indicates that KOP is not a great score, but indicates only limited risk for bankruptcy at the moment.
KOP's Altman-Z score of 2.31 is fine compared to the rest of the industry. KOP outperforms 63.10% 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.
The Debt to Equity ratio of KOP (1.96) is worse than 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.96 | ||
| Debt/FCF | 22.5 | ||
| Altman-Z | 2.31 |
ROIC/WACC0.88
WACC9.33%
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 75.00% 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.
The Quick ratio of KOP (1.10) 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.
The Earnings Per Share has been growing slightly by 4.48% on average over the past years.
Looking at the last year, KOP shows a decrease in Revenue. The Revenue has decreased by -4.09% in the last year.
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
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.
Based on estimates for the next years, KOP will show a decrease in Revenue. The Revenue will decrease by -0.30% on average per year.
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
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
A Price/Earnings ratio of 7.43 indicates a rather cheap valuation of KOP.
94.05% 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 26.34, which is the current average of the S&P500 Index.
KOP is valuated cheaply with a Price/Forward Earnings ratio of 6.01.
Based on the Price/Forward Earnings ratio, KOP is valued cheaply inside the industry as 91.67% of the companies are valued more expensively.
KOP's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.03.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.43 | ||
| Fwd PE | 6.01 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, KOP is valued cheaply inside the industry as 84.52% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of KOP indicates a somewhat cheap valuation: KOP is cheaper than 79.76% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.36 | ||
| EV/EBITDA | 6.12 |
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.
KOP's earnings are expected to grow with 12.40% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.57
PEG (5Y)1.66
EPS Next 2Y12.4%
EPS Next 3YN/A
5. Dividend
5.1 Amount
KOP has a Yearly Dividend Yield of 1.03%.
KOP's Dividend Yield is comparable with the industry average which is at 3.75.
Compared to an average S&P500 Dividend Yield of 2.44, KOP's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.03% |
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
23.53% of the earnings are spent on dividend by KOP. This is a low number and sustainable payout ratio.
DP23.53%
EPS Next 2Y12.4%
EPS Next 3YN/A
31.3
+0.15 (+0.48%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners97.94%
Inst Owner Change0.43%
Ins Owners4.67%
Ins Owner Change6.84%
Market Cap626.31M
Analysts85.71
Price Target57.46 (83.58%)
Short Float %4.97%
Short Ratio5.98
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.03% |
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)8.63%
EPS NQ rev (3m)8.37%
EPS NY rev (1m)5.82%
EPS NY rev (3m)2.9%
Revenue NQ rev (1m)-2.98%
Revenue NQ rev (3m)-4.55%
Revenue NY rev (1m)-3.27%
Revenue NY rev (3m)-5.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.43 | ||
| Fwd PE | 6.01 | ||
| P/S | 0.31 | ||
| P/FCF | 14.36 | ||
| P/OCF | 5.75 | ||
| P/B | 1.26 | ||
| P/tB | 9.62 | ||
| EV/EBITDA | 6.12 |
EPS(TTM)4.21
EY13.45%
EPS(NY)5.2
Fwd EY16.63%
FCF(TTM)2.18
FCFY6.96%
OCF(TTM)5.45
OCFY17.4%
SpS102.5
BVpS24.89
TBVpS3.25
PEG (NY)0.57
PEG (5Y)1.66
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 | 2.31 |
F-Score6
WACC9.33%
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%