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 5 out of 10 in our fundamental rating. KOP was compared to 85 industry peers in the Chemicals industry. KOP has an average financial health and profitability rating. 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.
In the past 5 years KOP always reported a positive cash flow from operatings.
1.2 Ratios
KOP has a Return On Assets (1.35%) which is comparable to the rest of the industry.
The Return On Equity of KOP (5.12%) is comparable to the rest of the 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.
KOP had an Average Return On Invested Capital over the past 3 years of 8.01%. This is in line with the industry average of 6.83%.
The last Return On Invested Capital (8.20%) for KOP is above the 3 year average (8.01%), which is a sign of increasing profitability.
| 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
Looking at the Profit Margin, with a value of 1.24%, KOP is in line with its industry, outperforming 49.41% of the companies in the same industry.
In the last couple of years the Profit Margin of KOP has declined.
Looking at the Operating Margin, with a value of 9.16%, KOP is in line with its industry, outperforming 51.76% of the companies in the same industry.
KOP's Operating Margin has been stable in the last couple of years.
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.
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.
Compared to 1 year ago, KOP has less shares outstanding
Compared to 5 years ago, KOP has less shares outstanding
KOP has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.32 indicates that KOP is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of KOP (2.32) is better than 61.18% of its industry peers.
KOP has a debt to FCF ratio of 22.50. This is a negative value and a sign of low solvency as KOP would need 22.50 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 22.50, KOP is in line with its industry, outperforming 48.24% of the companies in the same industry.
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/WACC0.87
WACC9.38%
2.3 Liquidity
A Current Ratio of 2.64 indicates that KOP has no problem at all paying its short term obligations.
KOP's Current ratio of 2.64 is fine compared to the rest of the industry. KOP outperforms 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 (1.10) which is in line with its industry peers.
| 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%.
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
The Earnings Per Share is expected to grow by 12.40% on average over the next years. This is quite good.
The Revenue is expected to decrease by -0.30% on average over the next years.
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
With a Price/Earnings ratio of 8.14, the valuation of KOP can be described as very reasonable.
KOP's Price/Earnings ratio is rather cheap when compared to the industry. KOP is cheaper than 92.94% of the companies in the same industry.
KOP is valuated cheaply when we compare the Price/Earnings ratio to 27.69, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 6.59, which indicates a rather cheap valuation of KOP.
Based on the Price/Forward Earnings ratio, KOP is valued cheaper than 92.94% of the companies in the same industry.
KOP is valuated cheaply when we compare the Price/Forward Earnings ratio to 37.36, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.14 | ||
| Fwd PE | 6.59 |
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 85.88% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, KOP is valued a bit cheaper than the industry average as 78.82% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.74 | ||
| EV/EBITDA | 6.25 |
4.3 Compensation for Growth
KOP's 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)0.63
PEG (5Y)1.82
EPS Next 2Y12.4%
EPS Next 3YN/A
5. Dividend
5.1 Amount
KOP has a yearly dividend return of 0.99%, which is pretty low.
Compared to an average industry Dividend Yield of 3.64, KOP has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.34, KOP's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.99% |
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
34.29
+1.29 (+3.91%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners97.94%
Inst Owner Change-0.44%
Ins Owners4.67%
Ins Owner Change0.55%
Market Cap686.14M
Analysts85.71
Price Target57.46 (67.57%)
Short Float %3.29%
Short Ratio4.37
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.99% |
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)0%
EPS NY rev (3m)5.18%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.55%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-5.26%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.14 | ||
| Fwd PE | 6.59 | ||
| P/S | 0.33 | ||
| P/FCF | 15.74 | ||
| P/OCF | 6.29 | ||
| P/B | 1.38 | ||
| P/tB | 10.54 | ||
| EV/EBITDA | 6.25 |
EPS(TTM)4.21
EY12.28%
EPS(NY)5.2
Fwd EY15.18%
FCF(TTM)2.18
FCFY6.35%
OCF(TTM)5.45
OCFY15.89%
SpS102.5
BVpS24.89
TBVpS3.25
PEG (NY)0.63
PEG (5Y)1.82
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
WACC9.38%
ROIC/WACC0.87
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%