Owens Corning Stock Fair Value – Owens Corning Commences Construction of New Facility in Russellville
December 8, 2023
🌥️Trending News
Owens Corning ($NYSE:OC), a leading innovator in the global building materials industry, has announced the commencement of construction on a new facility in Russellville, Arkansas. This facility will be the first manufacturing plant for Owens Corning in Russellville and will produce residential roofing shingles, adding to their already vast range of home building products. The project is part of an effort by Owens Corning to extend their current operations and to meet the growing demand for their products. The company’s stock is traded on the New York Stock Exchange under the symbol OC.
Market Price
On Thursday, OWENS CORNING announced the commencement of construction of a new facility in Russellville, Arkansas. The company’s stock opened at $138.8 and closed at $141.0, up by 1.6% from its previous closing price of 138.8. This news marks another step forward in the company’s growth and expansion plans. The new facility will provide jobs for hundreds of people in the area and will help stimulate economic growth. It will also help expand the company’s product offerings and capabilities.
The construction of the facility is expected to take about two years, and upon completion, it will become an important part of the local community. This news has been welcomed by investors, with the stock rising on Thursday’s news. This is a positive indication of the company’s commitment to its growth plans and its long-term success. With this new facility, Owens Corning is sure to make a significant impact in the local and regional communities. 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 |
| 9.66k | 1.19k | 10.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Owens Corning. More…
| Operations | Investing | Financing |
| 1.7k | -269 | -884 |
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 |
| 11.07k | 5.92k | 57.44 |
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 |
| 12.3% | 28.0% | 17.2% |
| FCF Margin | ROE | ROA |
| 12.1% | 20.6% | 9.4% |
Analysis – Owens Corning Stock Fair Value
At GoodWhale, we recently conducted an analysis of OWENS CORNING‘s wellbeing. After reviewing their financials and market data, we determined that the intrinsic value of OWENS CORNING share is around $115.1, according to our proprietary Valuation Line. We found that OWENS CORNING stock is currently traded at $141.0, meaning it is overvalued by 22.5%. This indicates that investors may want to reconsider their positions in OWENS CORNING as there may be better opportunities with higher returns elsewhere. More…
Peers
Owens-Corning Inc is an international building materials and fiberglass insulation company that has been in business since 1938. It is one of the leading competitors in the building material industry, alongside Apogee Enterprises Inc, Viglacera Corp, and CSR Ltd. All of these companies produce a variety of products such as windows, doors, roofing products and insulation, and offer services such as installation and maintenance.
– Apogee Enterprises Inc ($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‘s recent groundbreaking for a new facility in Russellville is a sign of the company’s bullish attitude towards growth. Investors should take note of the strong commitment to growth demonstrated by the company, with the new facility being built to accommodate increased demand for Owens Corning’s products. Financially, the new facility is a sound investment, as it will allow the company to increase its production capacity and capitalize on increased demand.
Additionally, the new facility serves as a long-term asset, as it will be capable of handling product orders for years to come. Ultimately, Owens Corning’s commitment to growth makes it an attractive investment for those looking for consistent returns.
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