Olin reported solid second-quarter results, lifted in part by strong short-term pricing tied to the conflict in Iran. Its chlor-alkali products and vinyls segment declined year over year due in part to an unplanned outage in its vinyl chloride monomer plant, representing a 20% hit to EBITDA.
Global industry rationalization will tighten supply for chlor-alkalis, allowing Olin to achieve $1.5 billion-$2.0 billion in midcycle EBITDA.
Epoxy oversupply is structural and will force Olin to exit the business and realize cash losses associated with shutdowns.
|
Metric
|
OLN
|
WLK
|
4063
|
|---|---|---|---|
Price/Earnings (Normalized) | 28.00 | 103.67 | 23.36 |
Price/Book Value | 1.16 | 1.10 | 2.41 |
Price/Sales | 0.30 | 0.85 | 4.22 |
Price/Cash Flow | 8.01 | 10.14 | 14.49 |
|
Metric
|
OLN
|
WLK
|
4063
|
|---|---|---|---|
Quick Ratio | 0.76 | 1.65 | 4.21 |
Current Ratio | 1.36 | 2.45 | 5.94 |
Interest Coverage | −0.52 | −6.00 | 239.57 |
|
Metric
|
OLN
|
WLK
|
4063
|
|---|---|---|---|
Return on Assets (Normalized) | −1.91% | 0.67% | 12.76% |
Return on Equity (Normalized) | −7.75% | 1.45% | 15.91% |
Return on Invested Capital (Normalized) | −0.28% | 1.27% | 13.89% |
|
1-Day Chart
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United States