Owens Corning Stock Fair Value Calculation – Barclays Capital Upgrades Owens Corning to Overweight Rating
June 26, 2023
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Barclays Capital recently upgraded Owens Corning ($NYSE:OC), a leading building materials manufacturer, to an Overweight rating. The company is headquartered in Toledo, Ohio and specializes in insulation, roofing, and fiberglass composites. This upgrade from Barclays Capital is seen as a positive sign of the future of Owens Corning, and investors may be encouraged to buy shares as the company looks to continue its success.
Stock Price
In response, Owens Corning‘s stock opened at $110.1 and closed at $108.2, up by a small margin of 0.1% from its prior closing price of 108.1. The increase in stock value is an indication that the market has reacted positively to Barclays’ move to upgrade Owens Corning’s stock rating. 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 |
| 9.75k | 1.32k | 12.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Owens Corning. More…
| Operations | Investing | Financing |
| 1.44k | -511 | -905 |
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 |
| 10.84k | 6k | 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 |
| 11.2% | 26.0% | 18.6% |
| FCF Margin | ROE | ROA |
| 9.7% | 24.2% | 10.5% |
Analysis – Owens Corning Stock Fair Value Calculation
GoodWhale has conducted a financial analysis on OWENS CORNING and have concluded that its intrinsic value is around $110.8. This figure is calculated using our proprietary Valuation Line, which takes into account a variety of financial metrics such as revenue, EBITDA, net income and more. At the time of this analysis, OWENS CORNING stock was trading at $108.2 – a fair price that is still undervalued by 2.4%. We believe that OWENS CORNING is an attractive investment at this time, and that investors should consider buying shares in the company. More…
Peers
Owens-Corning Inc is an international building materials and fiberglass insulation company that has been in business since 1938. It is one of the leading competitors in the building material industry, alongside Apogee Enterprises Inc, Viglacera Corp, and CSR Ltd. All of these companies produce a variety of products such as windows, doors, roofing products and insulation, and offer services such as installation and maintenance.
– Apogee Enterprises Inc ($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
Investment analysts at Barclays Capital have upgraded Owens Corning to “Overweight” rating. This indicates that they expect the stock to outperform the market over the coming months. The analysts note that Owens Corning has a strong balance sheet with an impressive return on equity and low debt levels, while their financial and operating performance has been strong and resilient during the pandemic.
They also point to the company’s growing presence in the roofing and insulation markets, which are expected to experience continued demand growth. As a result, Barclays Capital believes that Owens Corning is well positioned to capitalize on long-term industry trends.
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