Owens Story

OC -- USA Stock

USD 79.98 3.23 3.88%

Macroaxis Story

Owens Corning Net Income Per Employee is projected to decrease significantly based on the last few years of reporting. The past year's Net Income Per Employee was at 24,513.4. The current year Free Cash Flow is expected to grow to about 732.1 M, whereas Revenue Per Employee is forecasted to decline to about 329.2 K. Owens Corning is scheduled to announce its earnings today. The next earnings report is expected on the 5th of May 2021. While some of us are excited about industrials space, let's try to go over Owens Corning in greater detail to make a better evaluation of its fundamental indicators. We will look into reasons why it is still very possible for the company to generate above-average returns. We currently estimate Owens Corning as undervalued. The real value is approaching 86.85 per share.

Published over a week ago

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How strong are Owens Corning (NYSE:OC) basic indicators given the current rise?

Macroaxis provides advice on Owens Corning to complement and cross-verify current analyst consensus on Owens Corning. Our recommendation engine determines the firm's potential to grow exclusively from the perspective of an investor's current risk tolerance and investing horizon. This firm dividends can provide a clue to the current value of the stock. Owens Corning one year expected dividend income is about $0.46 per share.

Typically, a company's financial statements are the reports that show the financial position of the company. There are three main documents that fall into the category of financial statements. These documents include Owens Corning income statement, its balance sheet, and the statement of cash flows. Potential Owens Corning investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Owens Corning investors may use each financial statement separately, they are all related. The changes in Owens Corning's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Owens Corning's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

The goal of Owens Corning fundamental analysis is to do accurate financial forecasts. There are several possible objectives to fundamental analysis, such as projecting of Owens Corning performance into the future periods or doing a reasonable stock valuation. The intrinsic value of Owens Corning shares is the value that is considered the true value of the share. If the intrinsic value Owens is higher than its market price, buying is generally recommended. If it is equal to the market price, it is recommended to hold; and if it is less than the market price, then one should sell all shares Owens Corning.

Please read more on our fundamental analysis page.

What is Owens Asset Breakdown?

Owens Corning reports assets on its Balance Sheet. It represents the amount of Owens resources that either has an existing economic value or will provide some form of benefits in the future. To get a better handle on how balance sheet or income statements item affect Owens volatility, please check the breakdown of all its fundamentals

Are Owens Corning Earnings Expected to grow?

The future earnings power of Owens Corning involves the interaction of many company-specific, industry, and economic forces. Earnings estimates embody investors' opinions of Owens Corning factors such as sales growth, product demand, competitive industry environment, profit margins, and cost controls. Owens Corning stock prices adjust as these expectations change or are proven wrong. The main thing to remember is that equities with high expected earnings growth tend to underperform the market because it is usually difficult to meet the market's high expectations. Companies with low earnings expectations tend to do better than expected. Please use our latest analysis of Owens expected earnings.

And What about dividends?

A dividend is the distribution of a portion of Owens Corning earnings, decided and managed by the company's board of directors and paid to a class of its shareholders. Note, announcements of dividend payouts are generally accompanied by a proportional increase or decrease in a company's stock price. Owens Corning dividend payments follow a chronological order of events, and the associated dates are important to determine the shareholders who qualify for receiving the dividend payment. Owens one year expected dividend income is about $0.46 per share.

As of February 25, 2021, Payment of Dividends and Other Cash Distributions is expected to decline to about (92.2 M). In addition to that, Dividend Yield is expected to decline to 0.0124.

	Last Reported	Projected for 2021
Payment of Dividends and Other Cash Distributions	-85.5 M	-92.2 M
Dividend Yield	0.0126	0.0124
Dividends per Basic Common Share	1.01	0.95

Investing in dividend-paying stocks, such as Owens Corning is one of the few strategies that are good for long-term investment. Ex-dividend dates are significant because investors in Owens Corning must own a stock before its ex-dividend date to receive its next dividend.

This type of analysis is very useful when you want to generate a past dividend schedule and payout information for Owens Corning. Then that information in the form of graph and calendar can be used to fully explain how Du Pont dividends can provide a real clue to its valuation.

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions.

It is good to see analyst projects for Owens Corning, but it might be worth checking our own buy vs. sell analysis

Owens Corning Gross Profit

Owens Corning Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Owens Corning previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Owens Corning Gross Profit growth over the last 10 years.

Please check Gross Profit in more details.

Payment of 273 shares by Paula Russell of Owens Corning subject to Rule 16b-3

Legal trades by Owens Corning insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:

Owens insider trading alert for payment of $.01 par value common by Paula Russell, EVP Chief HR Officer, on 9th of February 2021. This event was filed by Owens Corning with SEC on 2021-02-09. Statement of changes in beneficial ownership - SEC Form 4. Paula Russell currently serves as chief human resource officer, senior vice president of Owens Corning [view details]

Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Another Deeper Perspective

Institutional investor usually refers to an organization that invests money in Owens Corning on behalf of clients or other money managers. Buying and selling of large positions of Owens Corning stock by institutional investors can create supply and demand imbalances that result in sudden price moves of Owens Corning stock. Let's take a look at how the ownership of Owens is distributed among investors.

Ownership Allocation

Owens Corning owns a total of one hundred eight million two hundred thirty thousand outstanding shares. The majority of Owens Corning outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Owens Corning to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Owens Corning. Please pay attention to any change in the institutional holdings of Owens Corning as this could imply that something significant has changed or about to change at the company. Please note that no matter how much assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.

Institutions

97.39%

	Retail Investors	0.8
	Insiders	1.81
	Institutions	97.39

	2018	2019	2020	2021 (projected)
Interest Expense	117 M	131 M	150.65 M	144.19 M
Gross Profit	1.63 B	1.61 B	1.85 B	1.67 B

Interest Expense Gross Profit

Asset Utilization

The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Owens Corning has an asset utilization ratio of 92.86 percent. This suggests that the company is making $0.93 for each dollar of assets. An increasing asset utilization means that Owens Corning is more efficient with each dollar of assets it utilizes for everyday operations.

Assets Non Current

8.5 B

Goodwill

3.7 B

Current Assets	1.71 Billion	12.28
Assets Non Current	8.48 Billion	60.82
Goodwill	3.71 Billion	26.59
Tax Assets	42.49 Million	0.3

Owens Corning is projected to stay under $85 in March

Semi deviation is down to 1.45. It may suggest a possible volatility slip. Owens Corning has relatively low volatility with skewness of -0.06 and kurtosis of -0.36. However, we advise all investors to independently investigate Owens Corning to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns.

Our Conclusion on Owens Corning

Whereas other entities in the building products & equipment industry are either recovering or due for a correction, Owens may not be as strong as the others in terms of longer-term growth potentials. To conclude, as of the 17th of February 2021, our analysis shows that Owens Corning responds to the market. The company is undervalued and projects below average odds of distress for the next 2 years. Our up-to-date 30 days Buy-Hold-Sell recommendation on the company is Strong Buy.

About Contributor

Raphi Shpitalnik is a Junior Member of Macroaxs Editorial Board. Raphael is a young entrepreneur who joined Macroaxis on a part-time base at the beginning of the pandemic and eventually acquired a real test for investing and fintech. He likes to analyze different equity instruments across a wide range of industries, focusing primarily on consumer products, sports, fintech, cannabis, and AI. View Profile

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Owens Corning. Please refer to our Terms of Use for any information regarding our disclosure principles.

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