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Orion S.A. OEC R2K

Basic Materials · Specialty Chemicals · Luxembourg
https://www.orioncarbons.com

Orion S.A., together with its subsidiaries, engages in the manufacture and sale of carbon black products. The company operates in two segments, Specialty Carbon Black and Rubber Carbon Black. It offers post-treated specialty carbon black grades for coatings and printing applications, as well as high purity carbon black grades for the fiber industry; and conductive carbon black grades for batteries, polymers, and coatings. The company also provides rubber carbon black products for tires, such as high-reinforcing grades and semi-reinforcing grades under the ECORAX brand, as well as for mechanical rubber goods end users, including automotive production, construction, as well as certain food, consumer, and medical applications. It operates in the United States, Brazil, rest of the Americas, Germany, South Africa, Italy, Spain, Czech republic, Poland, Italy, Turkey, France, Rest of EMEA, China, the Republic of Korea, and rest of Asia. The company was formerly known as Orion Engineered Carbons S.A. and changed its name to Orion S.A. in June 2023. Orion S.A. was founded in 1862 and is headquartered in Senningerberg, Luxembourg.

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$7.64
-29.27% 1Y

Market & Price

Market Cap
$430.81M
Current Price
$7.64
High / Low (52W)
$11.85 / $4.33
Beta
0.98

Valuation

Stock P/E
-
Industry PE
24.80
Forward P/E
21.04
PEG Ratio
-
Book Value
$6.73
Price to Book
1.14
P/S
0.24
EV/EBITDA
7.11
Dividend Yield
1.08%

Profitability & Returns

ROCE
2.15%
ROE
-21.07%
ROA
2.62%
Profit Margin
-4.98%
Op Margin
2.48%
EPS (Latest Qtr)
$-0.18
EPS (TTM)
$-1.58

Balance Sheet & Liquidity

Debt/Equity
3.02
Quick Ratio
0.51
Current Ratio
1.00
Debt
$1.15B
Total Assets
$1.91B
Current Assets
$643.80M
Working Capital
$17.40M

Ownership

Promoter Holding
3.74%
Chg in Prom Hold
-
FII / Inst Holding
95.20%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$1.53B
Total Revenue (TTM)
$1.79B
EBITDA
$214.70M
Free Cash Flow
$55.75M
Operating Cash Flow
$203.00M
Shares Outstanding
56.39M
Gross Margin
19.06%
Payout Ratio
30.67%

Growth (CAGR)

Revenue 5Y
-3.82%
Profit 5Y
-55.34%
Revenue (YoY)
-3.80%
Earnings (YoY)
-

PROS

  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Revenue declined at -3.8% CAGR over 5 years.
  • Earnings shrank at -55.3% CAGR over 5 years.
  • Trading 35.5% below its 52-week high.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Basic Materials).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 OEC Orion S.A. R2K 7.64 - $430.81M 1.08% 2.15% -21.07% -3.82% -55.34%
2 LIN Linde plc NDXSPX 497.69 33.00 $230.11B 1.29% 13.07% 18.23% 0.62% 18.48%
3 NEM Newmont Corporation SPX 109.81 14.24 $117.23B 0.95% 22.51% 25.83% 23.91% 583.84%
4 FCX Freeport-McMoRan Inc. SPX 65.71 34.77 $94.46B 0.91% 12.93% 15.63% 4.39% -14.02%
5 SHW The Sherwin-Williams Company SPX 303.84 29.16 $74.94B 1.05% 20.04% 60.72% 2.10% 8.34%
6 CRH CRH plc SPX 108.79 20.18 $72.69B 1.43% 11.33% 15.81% 4.60% -1.15%
7 ECL Ecolab Inc. SPX 256.00 34.59 $72.05B 1.14% 14.89% 22.43% 4.26% 23.88%
8 APD Air Products and Chemicals, Inc. SPX 278.62 29.33 $62.04B 2.60% -0.62% 12.35% -1.77% -39.16%
9 NUE Nucor Corporation SPX 250.00 24.80 $56.94B 0.90% 8.80% 12.29% -7.84% -38.80%
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Quarterly Results

Figures in USD.

Metric Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 406.70M391.59M393.95M385.96M384.71M399.02M370.19M322.43M336.01M202.65M282.04M315.69M360.10M401.00M393.00M484.50M541.20M543.10M500.70M458.80M466.20M502.90M477.00M--477.70M466.40M450.90M411.70M459.50M
Cost of Revenue -------------------------379.60M368.00M365.30M334.00M380.30M
Gross Profit 112.40M112.77M109.16M95.64M97.97M104.04M98.71M88.99M90.19M33.94M79.18M89.03M102.50M110.10M98.70M117.90M119.80M114.40M136.40M117.10M110.20M122.20M109.80M--98.10M98.40M85.60M77.70M79.20M
Operating Expenses -------------------------66.90M66.30M65.80M60.20M67.80M
Operating Income 45.33M82.46M41.84M26.67M34.70M41.47M38.39M32.60M37.54M-12.88M24.15M25.57M42.90M132.50M40.30M54.60M52.90M53.60M73.50M58.90M45.70M52.80M41.60M--31.20M32.10M19.80M17.50M11.40M
EBITDA -------------------------62.70M64.10M-20.00M52.60M44.10M
Interest Expense -------------------------13.70M19.10M14.40M15.10M14.70M
Pretax Income -------------------------17.50M13.00M-68.10M2.80M-3.30M
Tax Provision -------------------------8.90M4.60M-500.00K22.80M6.70M
Net Income 26.75M53.08M25.82M15.66M18.95M24.75M24.25M18.96M18.03M-17.78M9.00M8.91M23.50M89.10M21.00M32.50M29.70M31.80M42.30M30.10M26.20M26.70M20.50M--9.10M9.00M-67.10M-21.10M-9.90M
Diluted EPS 0.440.870.430.250.320.400.390.310.29-0.290.150.150.391.470.350.530.490.520.700.510.440.450.35--0.160.16-1.20-0.38-0.18
R&D Expense ----5.13M4.91M4.79M-4.96M4.45M7.35M-4.70M6.00M5.70M5.50M5.90M4.50M6.20M5.90M6.20M6.60M6.50M7.00M-6.60M6.50M6.90M-7.30M

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue 1.33B1.58B1.48B1.14B-2.03B1.89B1.88B1.81B
Cost of Revenue -----1.58B1.44B1.45B1.45B
Gross Profit 377.60M429.97M389.70M292.30M-448.80M451.00M428.80M359.80M
Operating Expenses -----251.70M245.70M266.80M258.40M
Operating Income 137.87M196.31M147.20M74.40M-197.10M205.30M162.00M101.40M
EBITDA -----302.80M327.20M228.00M159.40M
Interest Expense -----39.90M50.90M49.40M62.30M
Pretax Income -----157.20M163.30M53.30M-34.80M
Tax Provision -----51.50M60.30M9.70M35.80M
Net Income 64.86M121.31M86.90M18.20M-106.20M103.50M44.20M-70.10M
Diluted EPS 1.071.991.420.30-1.731.730.76-1.24
R&D Expense 18.16M20.32M19.90M20.20M22.00M21.70M24.50M27.10M27.50M

Compounded Sales Growth

5 Years:-3.82%
1 Year:-3.80%

Compounded Profit Growth

5 Years:-55.34%
1 Year:-

Stock Price Performance

1 Year:-29.27%
6 Months:+51.67%
3 Months:+34.88%
1 Month:+2.00%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets -1.16B1.27B1.26B1.39B-1.89B1.83B1.86B1.91B
Current Assets ------778.50M646.10M613.30M643.80M
Cash & Equivalents -72.28M57.02M63.70M64.90M-60.80M37.50M44.20M60.70M
Inventory ------277.90M287.10M290.40M277.30M
Receivables ------367.80M241.00M211.90M213.60M
Total Liabilities ------1.43B1.35B1.38B1.52B
Current Liabilities --320.34M285.21M324.70M-552.80M440.30M516.70M626.40M
Long Term Debt --643.75M630.26M655.80M-657.00M677.30M647.00M674.50M
Total Debt ------1.01B927.20M1.03B1.11B
Total Equity 54.69M95.31M158.90M186.00M181.00M-459.40M478.50M474.90M384.60M
Shares Outstanding ------60.99M60.99M60.99M60.99M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 147.74M121.98M231.50M125.30M-81.00M345.90M125.30M215.80M
Investing Cash Flow -90.28M-88.06M-155.80M-144.90M--232.80M-172.80M-206.70M-161.00M
Financing Cash Flow -68.50M-43.77M-68.60M13.50M-149.30M-197.10M89.30M-41.20M
Capital Expenditure -98.98M-111.06M-158.70M-138.80M--232.80M-172.80M-206.70M-161.00M
Free Cash Flow 48.76M10.93M72.80M-13.50M--151.80M173.10M-81.40M54.80M
Net Change in Cash ------2.50M-24.00M7.90M13.60M
Share Buybacks 04.93M0004.30M65.60M26.60M24.80M
Dividends Paid 45.70M47.66M48.10M12.00M05.00M4.90M4.80M4.70M

Ratios (Annual)

Figures in %.

Metric Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % 28.4%27.2%26.4%25.7%-22.1%23.8%22.8%19.9%
Operating Margin % 10.4%12.4%10.0%6.5%-9.7%10.8%8.6%5.6%
Net Margin % 4.9%7.7%5.9%1.6%-5.2%5.5%2.4%-3.9%
ROE % 68.1%76.3%46.7%10.1%-23.1%21.6%9.3%-18.2%
ROCE % -20.6%15.1%7.0%-14.8%14.7%12.1%7.9%

Shareholding Pattern

Insiders
3.74%
Institutions
95.20%
Public Float
98.90%

Top Institutional Holders

#Holder% HeldSharesValue
1 Pzena Investment Management LLC 8.16% 4.60M $35.14M
2 Blackrock Inc. 7.03% 3.96M $30.27M
3 Divisar Capital Management LLC 6.33% 3.57M $27.25M
4 American Century Companies Inc 4.45% 2.51M $19.15M
5 Shaw D.E. & Co., Inc. 4.39% 2.48M $18.92M
6 Dimensional Fund Advisors LP 3.65% 2.06M $15.74M
7 AQR Capital Management, LLC 3.47% 1.95M $14.93M
8 Invesco Ltd. 3.06% 1.73M $13.18M
9 Charles Schwab Investment Management, Inc. 2.66% 1.50M $11.45M
10 Morgan Stanley 2.54% 1.43M $10.93M

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