Financials Olin Corporation

Equities

OLN

US6806652052

Commodity Chemicals

Market Closed - Nyse Other stock markets 04:00:02 2024-05-17 pm EDT			5-day change	1st Jan Change
56.15 ^USD	-0.46%		+1.52%	+4.08%

May. 17	Olin Corporation Announces Cessation of Patrick Schumacher, Vice President and President, Chlor Alkali Products and Vinyls, Effective September 1, 2024	CI
Apr. 29	RBC Capital Cuts Olin's Price Target to $63 From $69, Keeps Outperform Rating	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	2,754	3,877	9,167	7,251	6,612	6,705	-	-
Enterprise Value (EV) ¹	5,874	7,551	11,766	9,637	9,111	9,192	8,932	8,715
P/E ratio	-246 x	-4 x	7.23 x	5.92 x	15.1 x	15.5 x	8.54 x	7.26 x
Yield	4.64%	3.26%	1.39%	1.51%	1.48%	1.43%	1.43%	1.5%
Capitalization / Revenue	0.45 x	0.67 x	1.03 x	0.77 x	0.97 x	0.96 x	0.86 x	0.86 x
EV / Revenue	0.96 x	1.31 x	1.32 x	1.03 x	1.33 x	1.31 x	1.14 x	1.11 x
EV / EBITDA	6.24 x	11.9 x	4.72 x	3.97 x	6.95 x	7.2 x	5.63 x	5.45 x
EV / FCF	25.4 x	63.2 x	7.64 x	5.72 x	12.3 x	16 x	10.6 x	9.19 x
FCF Yield	3.94%	1.58%	13.1%	17.5%	8.1%	6.25%	9.39%	10.9%
Price to Book	1.13 x	2.67 x	3.4 x	2.75 x	2.9 x	2.96 x	2.9 x	2.83 x
Nbr of stocks (in thousands)	159,671	157,862	159,377	136,961	122,550	119,421	-	-
Reference price ²	17.25	24.56	57.52	52.94	53.95	56.15	56.15	56.15
Announcement Date	2/4/20	1/28/21	1/27/22	1/26/23	1/25/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	6,110	5,758	8,911	9,376	6,833	7,020	7,805	7,824
EBITDA ¹	940.8	636	2,493	2,428	1,310	1,277	1,586	1,599
EBIT ¹	343.4	67.6	1,911	1,829	776.7	738.7	1,065	1,067
Operating Margin	5.62%	1.17%	21.44%	19.51%	11.37%	10.52%	13.65%	13.64%
Earnings before Tax (EBT) ¹	-36.9	-1,020	1,539	1,676	559.3	576.1	938.1	988.8
Net income ¹	-11.3	-969.9	1,297	1,327	460.2	434.3	730.5	791.2
Net margin	-0.18%	-16.84%	14.55%	14.15%	6.73%	6.19%	9.36%	10.11%
EPS ²	-0.0700	-6.140	7.960	8.940	3.570	3.630	6.578	7.731
Free Cash Flow ¹	231.7	119.5	1,540	1,685	738.3	574.2	839	948
FCF margin	3.79%	2.08%	17.29%	17.97%	10.8%	8.18%	10.75%	12.12%
FCF Conversion (EBITDA)	24.63%	18.79%	61.78%	69.4%	56.35%	44.97%	52.91%	59.29%
FCF Conversion (Net income)	-	-	118.79%	126.99%	160.43%	132.21%	114.85%	119.81%
Dividend per Share ²	0.8000	0.8000	0.8000	0.8000	0.8000	0.8044	0.8026	0.8434
Announcement Date	2/4/20	1/28/21	1/27/22	1/26/23	1/25/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	2,430	2,461	2,616	2,322	1,977	1,844	1,703	1,671	1,615	1,635	1,711	1,844	1,820	1,858	2,005
EBITDA ¹	686.7	710.9	727.3	547.8	441.8	434.1	351.1	314.8	210.1	242.1	289.7	369.5	365.9	361.9	417.7
EBIT ¹	536.6	559.2	578.5	398	293.3	297.3	214.3	183.8	81.6	112.4	157.5	241.4	241.3	248.7	291.2
Operating Margin	22.08%	22.72%	22.11%	17.14%	14.84%	16.12%	12.59%	11%	5.05%	6.87%	9.21%	13.09%	13.25%	13.39%	14.52%
Earnings before Tax (EBT) ¹	391	523.6	540.7	367.9	243.8	194.8	177.9	126.7	59.9	60.3	118.7	204.4	198.7	216.2	271.2
Net income ¹	306.6	393	422.1	315.2	196.6	156.3	146.9	104.1	52.9	48.6	84.84	149.7	153.8	156.2	196
Net margin	12.62%	15.97%	16.13%	13.58%	9.94%	8.47%	8.63%	6.23%	3.28%	2.97%	4.96%	8.12%	8.45%	8.41%	9.77%
EPS ²	1.890	2.480	2.760	2.180	1.430	1.160	1.130	0.8200	0.4300	0.4000	0.7732	1.227	1.305	1.400	-
Dividend per Share ²	0.2000	0.2000	0.2000	0.2000	0.2000	0.2000	0.2000	0.2000	0.2000	0.2000	0.1996	0.1991	0.1986	0.1998	0.2034
Announcement Date	1/27/22	4/28/22	7/28/22	10/26/22	1/26/23	4/27/23	7/27/23	10/26/23	1/25/24	4/25/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	3,120	3,674	2,599	2,387	2,500	2,487	2,226	2,010
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	3.316 x	5.777 x	1.042 x	0.9831 x	1.908 x	1.947 x	1.404 x	1.257 x
Free Cash Flow ¹	232	120	1,540	1,685	738	574	839	948
ROE (net income / shareholders' equity)	1.18%	-11%	63.2%	51.1%	19.3%	19.6%	28.2%	30.4%
ROA (Net income/ Total Assets)	0.34%	-2.45%	15.4%	15.2%	5.84%	8.63%	8.8%	10.7%
Assets ¹	-3,315	39,643	8,394	8,715	7,879	5,035	8,301	7,395
Book Value Per Share ²	15.30	9.190	16.90	19.20	18.60	18.90	19.30	19.90
Cash Flow per Share ²	-	-	10.70	12.90	7.560	6.930	8.580	12.80
Capex ¹	386	299	201	237	236	221	231	238
Capex / Sales	6.31%	5.19%	2.25%	2.53%	3.45%	3.15%	2.96%	3.04%
Announcement Date	2/4/20	1/28/21	1/27/22	1/26/23	1/25/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Olin Corporation

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

56.15 USD

Average target price

62.25 USD

Spread / Average Target

+10.86%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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