Owens Corning

Industrials
Industrial Machinery/Components
www.owenscorning.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $17.32B
PE 17
Debt $5.90B
Cash $519.00M
EV $22.71B
FCF $1.33B

Earnings

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Sales & Net Margins

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Earnings	$1.04B
EBIT	$1.70B
ROE	18%
ROA	11%
FCF	$1.33B
Equity	$5.67B
Growth Stability	-93%
PE	16.74
PEG	1.04
PB	3.05
P/FCF	13.05
P/S	1.66
Price/Cash	0.03
Debt/Equity	1.04
Debt/FCF	4.44
Net Margins	11%
Gross Margins	29%
Op. Margins	16%
Earnings CAGR	14%
Sales Growth YoY	23%
Sales Growth QoQ	9%
Sales CAGR	8%
FCF CAGR	16%
Equity CAGR	3%
Earnings Stability	0.61
Earnings Growth YoY	-5%
Earnings Growth QoQ	12%
Earnings CAGR 5Y	16%

Sales CAGR 5Y	10%
FCF CAGR 5Y	14%
Equity CAGR 5Y	9%
Earnings CAGR 3Y	5%
Sales CAGR 3Y	5%
FCF CAGR 3Y	12%
Equity CAGR 3Y	10%
Market Cap	$17.32B
Revenue	$10.44B
Dividend Yield	1%
Payout Ratio	20%
Assets	$15.05B
Total Debt	$5.90B
Cash	$519.00M
Shares Outstanding	85.8M
EV	22.71B
Earnings Score	85%
Moat Score	93%
Safety Score	54%
Final Score	77%
Working Capital	1.18B
Current Ratio	1.44
Gross Profit	$3.07B
Shares Growth 3y	-6%
Equity Growth QoQ	3%
Equity Growth YoY	11%

Assets & ROA

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Stockholders Equity & ROE

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Owens-Corning Inc is a manufacturer of glass fiber utilized in composites and building materials. It has an integrated business model with three reportable segments: Composites, Insulation and Roofing. Its insulation products conserve energy and improve acoustics, fire resistance and air quality in the spaces where people live, work and play. Its roofing products and systems enhance the curb appeal of people's homes and protect homes and commercial buildings alike. Its fiberglass composites make thousands of products lighter, stronger, and more durable.

SEC Filings

Direct access to Owens Corning (OC) 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 Owens Corning compare to its competitors?

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Peter Lynch's Chart

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

CAGR 14%

Stability 61%

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Owens Corning Discounted Cash Flow

Fully customizable DCF calculator online for Owens Corning.

Years

Calculation mode

= $40B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$1.3B	$1.5B	$1.8B	$2.1B	$2.4B	$2.8B	$3.2B	$3.7B	$4.3B	$5B	$5.7B	$57B
DCF		$1.4B	$1.5B	$1.5B	$1.6B	$1.7B	$1.8B	$1.9B	$2B	$2.1B	$2.2B	$22B
Value	$40B

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	4%	6%	7%	5%	8%	6%	-5%	12%	13%	12%	11%
ROA	-	7%	9%	9%	8%	8%	-1%	14%	16%	16%	11%
ROE	-	9%	10%	7%	13%	9%	-10%	23%	27%	23%	18%

Good Net Margins (11.12%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce 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	-	6.24	4.05	3.62	12.92	5.18	3.87	2.81	2.35	2.94	4.44
Debt over Equity	0.54	0.55	0.55	0.58	0.79	0.65	0.81	0.7	0.67	0.68	1.04
Growth Stability	-	-	-	91%	100%	99%	-93%	100%	100%	100%	-93%

Bad Debt/FCF ratio (4.44)

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

Neutral Debt/Equity ratio (1.04)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (-93%)

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	-	1%	6%	12%	11%	1%	-1%	20%	15%	-1%	10%
Earnings YoY growth	-	46%	19%	-26%	89%	-26%	-195%	-358%	25%	-4%	16%
Equity YoY growth	-	1%	3%	8%	3%	8%	-16%	10%	6%	13%	9%
FCF YoY growth	-	562%	60%	28%	-61%	122%	40%	31%	21%	-9%	14%