Owens Stock Today

OC
 Stock
  

USD 91.45  0.06  0.07%   

Market Performance
1 of 100
Odds Of Distress
Less than 36
Owens Corning is trading at 91.45 as of the 18th of August 2022, a 0.07 percent up since the beginning of the trading day. The stock's open price was 91.39. Owens Corning has about a 36 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Owens Corning are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of August 2020 and ending today, the 18th of August 2022. Click here to learn more.
CUSIP
690742101
Fiscal Year End
December
Business Domain
Capital Goods
IPO Date
1st of November 2006
Category
Industrials
Classification
Industrials
Owens Corning manufactures and markets insulation, roofing, and fiberglass composite materials in the United States, Canada, Europe, the Asia Pacific, and internationally. Owens Corning was incorporated in 1938 and is headquartered in Toledo, Ohio. Owens Corning operates under Building Products Equipment classification in the United States and is traded on New York Stock Exchange. The company has 100.49 M outstanding shares of which 3.34 M shares are now sold short in the market by investors with about 2.44 days to cover all shorted shares. More on Owens Corning

Moving together with Owens Corning

0.8NENoble Corp Plc Upward RallyPairCorr
0.88PAGPPlains Gp Holdings Upward RallyPairCorr
Follow Valuation Options Odds of Bankruptcy
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Owens Corning Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Owens Corning's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Owens Corning or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Owens Corning has a poor financial position based on the latest SEC disclosures
On 4th of August 2022 Owens Corning paid $ 0.35 per share dividend to its current shareholders
Latest headline from MacroaxisInsider: Acquisition by Paula Russell of tradable shares of Owens Corning subject to Rule 16b-3
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Owens Corning's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Owens Corning's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
ChairmanMichael Thaman
Thematic IdeaSRI Sustainable Growth (view all)
Average Analyst Recommendation
Analysts covering Owens Corning report their recommendations after researching Owens Corning's financial statements, talking to executives and customers, or listening in on Owens Corning's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Owens Corning. The Owens consensus assessment is calculated by taking the average forecast from all of the analysts covering Owens Corning.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Owens Corning based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Owens Corning financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares121 M103.5 M
Fairly Up
Decreasing
Slightly volatile
Weighted Average Shares Diluted121.9 M104.3 M
Fairly Up
Decreasing
Slightly volatile
Net Cash Flow from Operations1.6 B1.5 B
Significantly Up
Increasing
Slightly volatile
Total Assets8.8 B10 B
Fairly Down
Increasing
Slightly volatile
Total Liabilities4.9 B5.7 B
Fairly Down
Increasing
Slightly volatile
Current Assets3.3 B3.1 B
Significantly Up
Increasing
Slightly volatile
Current Liabilities1.4 B1.7 B
Significantly Down
Increasing
Slightly volatile
Total Debt3.2 B3.6 B
Fairly Down
Increasing
Slightly volatile
Return on Average Assets11.0110.2072
Significantly Up
Increasing
Very volatile
Gross Margin22.726.0885
Fairly Down
Increasing
Slightly volatile
Asset Turnover0.770.8718
Fairly Down
Increasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Owens Corning's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldUndervalued
Financial Strength
Owens Corning's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Owens Corning's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Owens Corning's financial leverage. It provides some insight into what part of Owens Corning's total assets is financed by creditors.
Share Download
Share Download
By using current balance sheet information, investors can analyze the liability, assets, and equity on Owens Corning's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Owens Corning deploys its capital and how much of that capital is borrowed.
Liquidity
Owens Corning cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company reports 3.2 B of total liabilities with total debt to equity ratio (D/E) of 0.7, which is normal for its line of buisiness. Owens Corning has a current ratio of 1.83, which is generally considered normal. Debt can assist Owens Corning until it has trouble settling it off, either with new capital or with free cash flow. So, Owens Corning's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Owens Corning sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Owens to invest in growth at high rates of return. When we think about Owens Corning's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

1.62 Billion
Owens Corning (OC) is traded on New York Stock Exchange in USA and employs 20,000 people. The company currently falls under 'Mid-Cap' category with market capitalization of 9.16 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Owens Corning's market, we take the total number of its shares issued and multiply it by Owens Corning's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Owens Corning is active under Industrials sector as part of Building Products & Equipment industry. The entity has 100.49 M outstanding shares of which 3.34 M shares are now sold short in the market by investors with about 2.44 days to cover all shorted shares. Owens Corning reports about 839 M in cash with 1.42 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.72.
Check Owens Corning Probability Of Bankruptcy
Ownership
Owens Corning has a total of 100.49 Million outstanding shares. The majority of Owens Corning outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Owens Corning to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Owens Corning. Please pay attention to any change in the institutional holdings of Owens Corning as this could imply that something significant has changed or about to change at the company. Also note that almost four million nineteen thousand six hundred invesors are currently shorting Owens Corning expressing very little confidence in its future performance.

Ownership Allocation (%)

Check Owens Ownership Details

Owens Stock Price Odds Analysis

What are Owens Corning's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Owens Corning jumping above the current price in 90 days from now is about 23.58%. The Owens Corning probability density function shows the probability of Owens Corning stock to fall within a particular range of prices over 90 days. Allowing for the 90-day total investment horizon the stock has a beta coefficient of 1.3869. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Owens Corning will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Owens Corning is significantly underperforming DOW.
  Odds Below 91.45HorizonTargetOdds Above 91.45
76.29%90 days
 91.45 
23.58%
Based on a normal probability distribution, the odds of Owens Corning to move above the current price in 90 days from now is about 23.58 (This Owens Corning probability density function shows the probability of Owens Stock to fall within a particular range of prices over 90 days) .

Owens Corning Historical Income Statement

Owens Corning Income Statement is one of the three primary financial statements used for reporting Owens's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Owens Corning revenue and expense. Owens Corning Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Owens Corning Net Income is projected to increase significantly based on the last few years of reporting. The past year's Net Income was at 995 Million. The current year Net Income to Non Controlling Interests is expected to grow to about 2.4 M, whereas Direct Expenses is forecasted to decline to about 5.3 B. View More Fundamentals

Owens Stock Against Markets

Picking the right benchmark for Owens Corning stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Owens Corning stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Owens Corning is critical whether you are bullish or bearish towards Owens Corning at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Owens Corning without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Owens Corning Corporate Directors

Owens Corning corporate directors refer to members of an Owens Corning board of directors. The board of directors generally takes responsibility for the Owens Corning's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Owens Corning's board members must vote for the resolution. The Owens Corning board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Alfred Festa - Independent DirectorProfile
John Williams - Lead Independent DirectorProfile
Ann Iverson - Independent DirectorProfile
Cesar Conde - Independent DirectorProfile

Invested in Owens Corning?

You need to understand the risk of investing before taking a position in Owens Corning. The danger of trading Owens Corning is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Owens Corning is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Owens Corning. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Owens Corning is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Your Equity Center. Note that the Owens Corning information on this page should be used as a complementary analysis to other Owens Corning's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Owens Corning price analysis, check to measure Owens Corning's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Owens Corning is operating at the current time. Most of Owens Corning's value examination focuses on studying past and present price action to predict the probability of Owens Corning's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Owens Corning's price. Additionally, you may evaluate how the addition of Owens Corning to your portfolios can decrease your overall portfolio volatility.
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Is Owens Corning's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Owens Corning. If investors know Owens will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Owens Corning listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.24
Market Capitalization
8.7 B
Quarterly Revenue Growth YOY
0.16
Return On Assets
0.0991
Return On Equity
0.26
The market value of Owens Corning is measured differently than its book value, which is the value of Owens that is recorded on the company's balance sheet. Investors also form their own opinion of Owens Corning's value that differs from its market value or its book value, called intrinsic value, which is Owens Corning's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Owens Corning's market value can be influenced by many factors that don't directly affect Owens Corning's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Owens Corning's value and its price as these two are different measures arrived at by different means. Investors typically determine Owens Corning value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Owens Corning's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.