AE Wealth Management Invests in Olin Corporation During Q1
July 15, 2023
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It has a market capitalization of over $3 billion and is headquartered in Clayton, Missouri. The company is a major producer of several well-known products, including chlor alkali chemicals, ammunition, plastic films, and vinyl chloride monomer. It also has interests in manufacturing operations, metals distribution, and a range of specialty chemicals businesses. Olin Corporation ($NYSE:OLN) operates globally, with sites located in North America, Latin America, Europe, and the Asia Pacific region. The company also has a strong presence in several industries, including industrial, automotive, and home improvement.
It is considered to be one of the leading suppliers of chlor alkali chemicals worldwide, and its ammunition products are used by the US military. Over the past few years, Olin Corporation has continued to see growth in its financial performance, which has led to an increase in investor confidence in the company and its stock.
Share Price
On Tuesday, AE Wealth Management, a leading financial services provider, invested in Olin Corporation (OLIN) during the first quarter of the year. The stock opened at $53.1 and closed at $53.3, representing a 1.1% increase from its previous closing price of 52.7. This marks in increase in market capitalization for the company with potential upside in the coming quarters. AE Wealth Management’s investment in OLIN is indicative of an overall positive outlook for the company which is expected to perform well in the coming months. With its strong fundamentals and consistent performance, Olin Corporation has earned the confidence of many investors.
The company is well-positioned to capitalize on new growth opportunities and further expand its business operations. Overall, the investment in Olin Corporation by AE Wealth Management is a testament to the company’s strong performance and potential for continued growth. This promising outlook and positive sentiment may encourage additional investors to take note of OLIN’s potential, making it an attractive option for those looking to diversify their portfolios. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Olin Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 8.76k | 1.09k | 13.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Olin Corporation. More…
| Operations | Investing | Financing |
| 1.61k | -283.5 | -1.34k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Olin Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.11k | 5.57k | 19.28 |
Key Ratios Snapshot
Some of the financial key ratios for Olin Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.6% | 141.8% | 17.1% |
| FCF Margin | ROE | ROA |
| 15.5% | 37.2% | 11.6% |
Analysis
At GoodWhale, we recently conducted an analysis of OLIN CORPORATION‘s wellbeing. After careful examination of their financial and business aspects, our Risk Rating has determined that OLIN CORPORATION presents a medium risk investment. We identified three risk warnings in the income sheet, balance sheet, and non-financial areas. These risk warnings could potentially have a negative impact on the health of OLIN CORPORATION if not addressed properly. If you are interested in learning more about these risk warnings, be sure to register with us and check out the full report. More…
Peers
Olin Corp is a leading manufacturer of chlor alkali products, vinyls, and epoxy, with a significant presence in the global market. The company has a long history of competition with other manufacturers, including Aarti Industries Ltd, Stepan Co, and Kaneka Corp.
– Aarti Industries Ltd ($BSE:524208)
Aarti Industries Ltd is an Indian company that manufactures and sells chemicals. It has a market cap of 285.93B as of 2022 and a ROE of 17.74%. The company was founded in 1972 and is based in Mumbai, India.
– Stepan Co ($NYSE:SCL)
Stepan Co. has a market capitalization of $2.11 billion as of March 2022 and a return on equity of 11.75%. The company produces and sells specialty and intermediate chemicals used in a variety of applications, including surfactants, polymers, and other performance chemicals. Stepan’s products are sold to customers in more than 90 countries around the world.
– Kaneka Corp ($TSE:4118)
Kaneka Corporation is a Japanese chemical company with a market capitalization of 245.56 billion as of 2022. The company has a return on equity of 6.58%. Kaneka Corporation is involved in the manufacture of chemicals, plastics, and pharmaceuticals. The company was founded in 1934 and is headquartered in Osaka, Japan.
Summary
OLIN Corporation (NYSE: OLN) is an industrial chemicals manufacturer and distributor with operations in the United States, Canada, Mexico, and Brazil. Analysts have been bullish on the stock due to its strong financials, including a healthy balance sheet and cash flow generation. Fundamental analysis of OLN indicates that the company is well-positioned for long-term growth and could be a strong addition to investment portfolios.
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