Owens Corning

Owens Corning

OCยทNYSE

$120.16

-0.41%
IndustrialsConstruction

Owens Corning manufactures and markets insulation, roofing, and fiberglass composite materials in the United States, Canada, Europe, the Asia Pacific, and internationally. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and glass fiber products in the form of fabrics, non-wovens, and other specialized products. Its products are used in building structures, roofing shingles, tubs and showers, pools, flooring, pipes and tanks, poles, electrical equipment, and wind-energy turbine blades applications in the building and construction, renewable energy, and infrastructure markets. This segment sells its products directly to parts molders, fabricators, and shingle manufacturers. The Insulation segment manufactures and sells insulation products for residential, commercial, industrial, and other markets for thermal and acoustical applications; and glass fiber pipe insulation, flexible duct media, bonded and granulated mineral fiber insulation, cellular glass insulation, and foam insulation products used in construction applications. This segment sells its products primarily to the insulation installers, home centers, lumberyards, retailers, and distributors under the Thermafiber, FOAMULAR, FOAMGLAS, Paroc, Owens Corning PINK, and FIBERGLAS Insulation brand names. The Roofing segment manufactures and sells aminate and strip asphalt roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications, as well as synthetic packaging materials. This segment sells its products through distributors, home centers, lumberyards, retailers, and contractors, as well as to roofing contractors for built-up roofing asphalt systems; and manufacturers in automotive, chemical, rubber, and construction industries. Owens Corning was incorporated in 1938 and is headquartered in Toledo, Ohio.

At a Glance

Live Snapshot
Market Cap$9.68B
EPS-6.2600
P/E Ratio-19.19
Earnings Date08/05/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -19.2).

Valuation inputs: P/E -19.2, earnings yield N/A, momentum -0.4%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -13.6%, ROIC -28.3%).

Profitability stack: net margin -5.2%, ROE -13.6%, ROIC -28.3%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile is elevated and scenario stress-testing is essential.

Risk factors: liabilities/assets +70.0%, momentum -0.4%, net margin -5.2%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Owens Corning Market vs Earnings Trajectory

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Loading price and EPS data...

Owens Corning

Owens Corning Fair Value Envelope

OC ยท NYSE

Our analysis suggests that OC has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $120.16, this represents a potential HIDDEN relative to our calculated worth for Owens Corning.

Intrinsic Value
Current Price: $120.16
3Y-149.0%
5Y+76.0%
10Y-282.0%
3Y+4.0%
5Y+43.0%
10Y+78.0%
3Y-142.0%
5Y+36.0%
10Y-233.0%
3Y+1.0%
5Y+57.0%
10Y+89.0%
3Y-27.0%
5Y+16.0%
10Y+69.0%
3Y+21.0%
5Y+37.0%
10Y+68.0%
Owens Corning

Owens Corning Profit Bridge

OC ยท NYSE
Revenue10.10B
Cost of Goods Sold (7.22B)
Gross Profit2.88B
Operating Expenses (1.16B)
Operating Income1.72B
Interest Expense (256.00M)
Other Income/Expense-1.61B
Pretax Income105.00M
Income Tax (293.00M)
Net Income-522.00M
Net Income
-522.00M

Profitability Analysis

Gross Margin

28.5%

Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.

Operating Margin

17.0%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

-5.2%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Effective Tax Rate

279.0%

Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.

Profitability Insight

Interest or tax burden: Strong operational performance but thin net margins indicate high interest expenses or unfavorable tax position eating into profits.

28.54%
Gross Profit Margin
-5%
3Y+3.0%
5Y+23.0%
10Y+14.0%
17.02%
Operating Profit Margin
-11%
3Y-8.0%
5Y+34.0%
10Y+27.0%
-5.17%
Net Profit Margin
-188%
3Y-141.0%
5Y-5.0%
10Y-175.0%
-13.55%
Return on Equity
-206%
3Y-150.0%
5Y+38.0%
10Y-233.0%
-4.02%
Return on Assets
-187%
3Y-135.0%
5Y-
10Y-179.0%
-28.28%
Return on Invested Capital
-328%
3Y-278.0%
5Y-356.0%
10Y-470.0%
OC

Owens Corning Cash Conversion Engine

OC ยท NYSE
Net Income-522.00M
Depreciation & Amortization694.00M
Stock-Based Compensation71.00M
Change in Working Capital-84.00M
Others1.58B
Capital Expenditures-824.00M
Free Cash Flow962.00M

Cash Flow Quality Analysis

FCF Conversion Rate

-184.3%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

46.1%

Capital-intensive operations require significant reinvestment. Monitor whether CapEx is maintenance or growth-oriented.

FCF Growth Trend

-22.7%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$84.00M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.

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Owens Corning Funding & Solvency Profile

OC ยท NYSE
Cash & Cash Equivalents272.00M
Net Receivables0.00
Inventory1.49B
Other Current Assets1.96B
Total Current Assets4 B
Property, Plant & Equipment4.61B
Goodwill & Intangible Assets4.16B
Long-Term Investments0.00
Other Non-Current Assets587.00M
Total Non-Current Assets5 B
Total Assets
13.09B

Financial Health Analysis

Current Ratio

1.24x

Acceptable liquidity, but monitor closely. Current assets just barely cover current liabilities.

Debt-to-Equity Ratio

2.55x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

711 M

Positive working capital, but relatively tight. The company should monitor cash flow carefully.

Asset Composition

28% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

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Owens Corning Street Expectations Map

OC ยท NYSE

Wall Street analysts project that OC stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 141.00, with estimates ranging from a low of 125.00 to a high of 160.00.

Lowest Target
125.00
4.03%
Consensus Target
141.00
17.34%
Highest Target
160.00
33.16%

The consensus 1-year price target stands at 141.00, with estimates ranging from a low of 125.00 to a high of 160.00.

Analyst Consensus Analysis

Upside Potential

+17.3%

Strong upside potential. Consensus indicates attractive return opportunity with favorable risk-reward profile.

Analyst Agreement

24.8% spread

Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

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Owens Corning Insider Positioning

OC ยท NYSE

During the last 12 months, insiders have sold $383K worth of OC shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

2.6K

317.38K

Net Activity

-317K

-$317K

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

441

65.71K

Net Activity

-66K

-$66K

Top Buyers

No buying activity

Top Sellers

1
DM

Doerfler Mari

Officer: Vice President And Controller

2.4K sharesโ€ข2 transactions

$299K

2
MRB

Marcon Rachel Barthelemy

Officer: President, Doors

700 sharesโ€ข1 transactions

$84K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $383K net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Recent Trend (3 Months)

$317K

Heavy recent selling activity. Recent insider sales notably exceed purchasesโ€”may warrant investigation into company developments.

Insider Participation

High Selling

2 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

Insider Activity Insight

Persistent selling pressure: Consistent insider selling with weak buy/sell ratio suggests insiders may be capitalizing on current valuation. Exercise caution and review recent earnings quality and management commentary.

0.00%
Dividend Yield
-100%
3Y-100.0%
5Y-100.0%
10Y-
ย 

oc Dividend History

OC
10Y CAGR +16%
Latest $0.79
Annual $3.65
5 year growth trend
Last Period: +0%