Financials Owens Corning

Equities

OC

US6907421019

Construction Supplies & Fixtures

Market Closed - Nyse Other stock markets 04:00:02 2024-05-17 pm EDT			5-day change	1st Jan Change
176.4 ^USD	+1.53%		-0.24%	+18.99%

May. 15	Owens Corning and Masonite International Announce Successful Results of Early Participation in and Amend the Terms of Exchange Offer and Consent Solicitation	CI
May. 15	Owens Corning Appoints Chris Ball as President of Its Doors Business	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	7,084	8,200	9,094	7,972	13,174	15,284	-	-
Enterprise Value (EV) ¹	9,898	10,609	11,253	10,069	14,174	15,284	15,284	15,284
P/E ratio	17.7 x	-21.5 x	9.49 x	6.72 x	11.3 x	-	-	-
Yield	1.38%	1.29%	1.25%	1.84%	-	1.36%	1.4%	1.39%
Capitalization / Revenue	0.99 x	1.16 x	1.07 x	0.82 x	1.36 x	1.36 x	1.19 x	-
EV / Revenue	0.99 x	1.16 x	1.07 x	0.82 x	1.36 x	1.36 x	1.19 x	-
EV / EBITDA	5.51 x	5.98 x	4.78 x	3.52 x	5.7 x	5.73 x	4.91 x	-
EV / FCF	12,007,191 x	9,903,084 x	8,366,186 x	6,066,838 x	11,042,695 x	-	-	-
FCF Yield	0%	0%	0%	0%	0%	-	-	-
Price to Book	1.53 x	2.05 x	2.12 x	2.53 x	-	-	-	-
Nbr of stocks (in thousands)	108,787	108,233	100,487	93,456	88,875	86,657	-	-
Reference price ²	65.12	75.76	90.50	85.30	148.2	176.4	176.4	176.4
Announcement Date	2/19/20	2/17/21	2/16/22	2/15/23	2/14/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	7,160	7,055	8,498	9,761	9,677	11,251	12,819	-
EBITDA ¹	1,285	1,371	1,904	2,267	2,313	2,669	3,111	-
EBIT ¹	828	878	1,415	1,762	1,805	2,048	2,454	-
Operating Margin	11.56%	12.45%	16.65%	18.05%	18.65%	18.2%	19.14%	-
Earnings before Tax (EBT)	590	-256	1,313	1,614	1,591	-	-	-
Net income	405	-383	995	1,241	1,196	-	-	-
Net margin	5.66%	-5.43%	11.71%	12.71%	12.36%	-	-	-
EPS	3.680	-3.530	9.540	12.70	13.14	-	-	-
Free Cash Flow	590	828	1,087	1,314	1,193	-	-	-
FCF margin	8.24%	11.74%	12.79%	13.46%	12.33%	-	-	-
FCF Conversion (EBITDA)	45.91%	60.39%	57.09%	57.96%	51.58%	-	-	-
FCF Conversion (Net income)	145.68%	-	109.25%	105.88%	99.75%	-	-	-
Dividend per Share ²	0.9000	0.9800	1.130	1.570	-	2.400	2.470	2.453
Announcement Date	2/19/20	2/17/21	2/16/22	2/15/23	2/14/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	2,131	2,346	2,601	2,529	2,285	2,331	2,563	2,479	2,304	2,300	2,881	3,123	2,948	3,067	3,391
EBITDA ¹	452	543	656	608	460	487	664	644	518	565	703	739	662	739	837
EBIT ¹	325	417	525	487	333	361	534	518	392	438	549	571	489	576	672
Operating Margin	15.25%	17.77%	20.18%	19.26%	14.57%	15.49%	20.83%	20.9%	17.01%	19.04%	19.06%	18.28%	16.59%	18.78%	19.82%
Earnings before Tax (EBT)	296	414	463	582	155	512	464	446	169	386	-	-	-	-	-
Net income	227	304	343	470	124	383	345	337	131	299	-	-	-	-	-
Net margin	10.65%	12.96%	13.19%	18.58%	5.43%	16.43%	13.46%	13.59%	5.69%	13%	-	-	-	-	-
EPS	2.230	3.030	3.490	4.840	1.320	4.170	3.780	3.710	1.460	3.400	-	-	-	-	-
Dividend per Share ²	0.3500	0.3500	0.3500	0.3500	0.5200	0.5200	0.5200	-	-	-	0.6000	0.6000	0.6000	0.6000	0.6000
Announcement Date	2/16/22	4/27/22	7/27/22	10/26/22	2/15/23	4/26/23	7/26/23	10/25/23	2/14/24	4/24/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt	2,814	2,409	2,159	2,097	1,000	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	2.19 x	1.757 x	1.134 x	0.925 x	0.4323 x	-	-
Free Cash Flow	590	828	1,087	1,314	1,193	-	-
ROE (net income / shareholders' equity)	11.2%	13.3%	23.6%	28.4%	26.9%	-	-
ROA (Net income/ Total Assets)	5.06%	5.81%	9.94%	12.1%	10.9%	-	-
Assets	8,010	-6,593	10,010	10,243	10,994	-	-
Book Value Per Share	42.50	36.90	42.80	33.80	-	-	-
Cash Flow per Share	9.700	10.90	15.30	18.90	19.70	-	-
Capex	447	307	416	446	526	-	-
Capex / Sales	6.24%	4.35%	4.9%	4.57%	5.44%	-	-
Announcement Date	2/19/20	2/17/21	2/16/22	2/15/23	2/14/24	-	-

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Owens Corning

Trading Rating

Investor Rating

ESG Refinitiv

A+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

176.4 USD

Average target price

178.6 USD

Spread / Average Target

+1.24%

Consensus

Quarterly earnings - Rate of surprise

Company calendar

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Construction Supplies