Owens Corning: A Solid Investment for Investors Looking for Long-Term Growth.
April 20, 2023
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Owens Corning ($NYSE:OC) is an appealing investment option for long-term investors. With a strong presence in the building materials industry, Owens Corning has established itself as a major player in the market. It also offers a range of innovative products and services, which have enabled it to remain competitive in a challenging environment. The company’s strong financials have also attracted investors.
Additionally, the company has maintained healthy profit margins throughout this period, further demonstrating its ability to generate profits from its operations. On top of these impressive financials, Owens Corning’s stock has also been rated a ‘buy’ by leading analysts. This is a strong endorsement for the stock, and investors should take note of this positive recommendation when considering an investment. With its impressive financials, strong presence in the market and excellent ratings from analysts, it is definitely worth considering for any investors’ portfolio.
Stock Price
On Wednesday, OWENS CORNING stock opened at $99.7 and closed at $101.0, up by 0.9% from prior closing price of 100.1, making it a solid investment for investors looking for long-term growth. The company’s innovative products and solutions have been designed to meet the evolving needs of its customers and end users, solving complex problems and delivering value to its shareholders. What sets Owens Corning apart from the rest is its commitment to sustainability, evidenced by its numerous sustainability initiatives, such as the development of materials with recycled content and renewable resources, as well as its plan to reduce waste and carbon footprints.
With these strategies in place, Owens Corning is well-positioned to capitalize on the growing demand for eco-friendly products and solutions in the industry. Its strong product portfolio, innovative solutions, and commitment to sustainability ensures that it will continue to remain a leader in its industry and be a sound investment for years to come. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Owens Corning. More…
| Total Revenues | Net Income | Net Margin |
| 9.76k | 1.24k | 12.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Owens Corning. More…
| Operations | Investing | Financing |
| 1.76k | -623 | -974 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Owens Corning. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 10.75k | 6.13k | 49.78 |
Key Ratios Snapshot
Some of the financial key ratios for Owens Corning are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.9% | 26.3% | 17.7% |
| FCF Margin | ROE | ROA |
| 13.5% | 23.4% | 10.0% |
Analysis
At GoodWhale, we performed an analysis of OWENS CORNING‘s financials and determined that, based on Risk Rating, the company is a low risk investment. This means that it has a relatively low risk profile in terms of both financial and business aspects. However, our analysis did reveal two risk warnings in the income sheet and balance sheet. To get a better understanding of these warnings, we encourage you to register with GoodWhale. Once you have access to our detailed reports, you can make informed investment decisions with peace of mind. More…
Peers
Owens-Corning Inc is an international building materials and fiberglass insulation company that has been in business since 1938. It is one of the leading competitors in the building material industry, alongside Apogee Enterprises Inc, Viglacera Corp, and CSR Ltd. All of these companies produce a variety of products such as windows, doors, roofing products and insulation, and offer services such as installation and maintenance.
– Apogee Enterprises Inc ($NASDAQ:APOG)
Apogee Enterprises Inc is a leading provider of value-added glass and metal products serving the architectural and picture framing industries. As of 2022, the company has a market cap of 1.04B and a Return on Equity of 12.55%. Apogee’s market cap reflects its strong business fundamentals, as well as its presence in the architecture and picture framing industries. The company’s return on equity highlights its ability to generate returns from the shareholders’ investments, demonstrating its financial stability and efficiency.
– Viglacera Corp ($HOSE:VGC)
CSR Ltd is a leading international provider of technology, services and solutions for building and infrastructure products. The company has a market cap of 2.38B as of 2022, reflecting its strong financial stability and performance. CSR also has an impressive return on equity of 18.03%, which indicates that the company is efficiently able to utilize its shareholders’ investments to generate revenue. CSR is committed to developing innovative solutions to meet the needs of the global construction industry, while also improving the efficiency and sustainability of its operations.
Summary
Owens Corning (OC) is an attractive stock for investors due to its steady rise in revenue and shareholder-friendly attitude. According to analysis, the company’s stock is likely to continue to increase in value, making it a buy. OC has good short-term prospects, with a strong balance sheet, efficient operations and experienced management. The stock’s beta is low, which makes it less volatile than the market.
Furthermore, its dividend yield is one of the highest in the industry. Overall, OC seems to be a great choice for investors seeking solid long-term returns.
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