Koppers Holdings Inc.

Basic Materials
Forest Products
www.koppers.com

Earnings Score
Moat Score
Safety Score

Market Cap $702.67M
PE 10
Debt $994.40M
Cash $44.50M
EV $1.65B
FCF $23.30M

Earnings

loading chart...

Sales & Net Margins

loading chart...

Earnings	$71.70M
EBIT	$179.00M
ROE	13%
ROA	9%
FCF	$23.30M
Equity	$532.60M
Growth Stability	70%
PE	9.8
PEG	-3.43
PB	1.32
P/FCF	30.16
P/S	0.33
Price/Cash	0.06
Debt/Equity	1.87
Debt/FCF	42.68
Net Margins	4%
Gross Margins	20%
Op. Margins	8%
Earnings CAGR	18%
Sales Growth YoY	1%
Sales Growth QoQ	-2%
Sales CAGR	4%
FCF CAGR	-1%
Equity CAGR	36%
Earnings Stability	0.41
Earnings Growth YoY	-28%
Earnings Growth QoQ	-29%
Earnings CAGR 5Y	-3%

Sales CAGR 5Y	6%
FCF CAGR 5Y	-7%
Equity CAGR 5Y	26%
Earnings CAGR 3Y	10%
Sales CAGR 3Y	10%
FCF CAGR 3Y	1%
Equity CAGR 3Y	13%
Market Cap	$702.67M
Revenue	$2.13B
Dividend Yield	1%
Payout Ratio	8%
Assets	$1.96B
Total Debt	$994.40M
Cash	$44.50M
Shares Outstanding	19.53M
EV	1.65B
Earnings Score	43%
Moat Score	85%
Safety Score	63%
Final Score	64%
Working Capital	443.1M
Current Ratio	2.54
Gross Profit	$435.50M
Shares Growth 3y	-1%
Equity Growth QoQ	4%
Equity Growth YoY	12%

Assets & ROA

loading chart...

Stockholders Equity & ROE

loading chart...

Koppers Holdings, through its subsidiaries, manufactures and sells wood products, wood treatment chemicals, and carbon compounds used in markets such as railroad, aluminum and steel, agriculture, utilities, and residential lumber. The company is organized into three business segments: railroad and utility products and services, performance chemicals, and carbon materials and chemicals. Its product portfolio includes treated and untreated wood products like crossties used in railroads, wood preservation chemicals, and carbon compounds such as creosote used in the treatment of wood crossties, among others. Most revenue comes from the company's railroad and utility products and services segment, and more than half of the company's revenue is earned in the United States.

SEC Filings

Direct access to Koppers Holdings Inc. (KOP) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Koppers Holdings Inc. compare to its competitors?

Loading chart...

Peter Lynch's Chart

This chart shows the current pricing of Koppers Holdings Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 18%

Stability 41%

loading chart...

Koppers Holdings Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Koppers Holdings Inc..

Years

Calculation mode

= $212M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$23M	$23M	$23M	$22M	$22M	$22M	$21M	$21M	$21M	$21M	$20M	$202M
DCF		$21M	$19M	$17M	$15M	$13M	$12M	$11M	$9.7M	$8.7M	$7.8M	$78M
Value	$212M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-3%	-5%	2%	2%	1%	4%	7%	5%	3%	4%	4%
ROA	-	-3%	8%	9%	7%	8%	10%	9%	8%	11%	9%
ROE	-	613%	80%	28%	35%	42%	35%	21%	16%	18%	13%

Bad Net Margins (3.64%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	8.9	10.25	20.41	-32.3	11.81	13.86	-35.96	-275.1	33.8	42.68
Debt over Equity	10.66	-62.48	20.63	6.62	15.14	5.81	2.3	1.93	2.05	1.72	1.87
Growth Stability	-	-	-	-	-	100%	100%	100%	70%	99%	70%

Bad Debt/FCF ratio (42.68)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Bad Debt/Equity ratio (1.87)

The company is overleveraged and has a bad balance between equity and debt.

Bad Graham’s Stability (70%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	5%	-13%	4%	16%	4%	-6%	1%	18%	9%	6%
Earnings YoY growth	-	93%	-136%	5%	-20%	185%	82%	-30%	-26%	41%	-3%
Equity YoY growth	-	-115%	-379%	206%	-37%	137%	118%	19%	-2%	25%	26%
FCF YoY growth	-	-280%	-20%	-51%	-192%	-349%	-27%	-138%	-86%	-953%	-7%