Orion Engineered Carbons S.A. (OEC) Financial Ratios
14 years of historical data (2012–2025) · Basic Materials · Chemicals - Specialty
EV/EBITDA
↓
5.67
↓-17% vs avg
5yr avg: 6.79
30Y Low5.2·High9.4
P/FCF
↓
8.05
+4% vs avg
5yr avg: 7.77
30Y Low5.6·High34.2
P/B Ratio
↓
1.05
↓-57% vs avg
5yr avg: 2.41
30Y Low0.8·High20.4
ROE
↓
-16.3%
↑-185% vs avg
5yr avg: 19.2%
30Y Low-110%·High94%
Debt/EBITDA
↑
4.19
↑+21% vs avg
5yr avg: 3.47
30Y Low1.5·High4.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
OEC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Orion Engineered Carbons S.A. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 8.1x P/FCF, roughly in line with the 5-year average of 7.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $404M | $297M | $922M | $1.7B | $1.1B | $1.1B | $1.1B | $1.2B | $1.5B | $1.6B | $1.1B |
| Enterprise Value | $1.3B | $1.2B | $1.9B | $2.6B | $2.0B | $1.9B | $1.8B | $1.8B | $2.2B | $2.2B | $1.7B |
| P/E Ratio → | -5.78 | — | 20.78 | 16.03 | 10.29 | 8.31 | 57.13 | 13.59 | 12.70 | 23.93 | 22.99 |
| P/S Ratio | 0.22 | 0.16 | 0.49 | 0.88 | 0.54 | 0.72 | 0.93 | 0.80 | 0.98 | 1.17 | 1.05 |
| P/B Ratio | 1.05 | 0.77 | 1.94 | 3.48 | 2.38 | 3.50 | 5.81 | 6.36 | 9.71 | 15.55 | 20.39 |
| P/FCF | 8.05 | 5.92 | — | 9.61 | — | — | — | 15.64 | 264.81 | 27.03 | 10.77 |
| P/OCF | 1.91 | 1.41 | 7.36 | 4.81 | 13.50 | 7.71 | 8.40 | 5.11 | 12.65 | 10.51 | 6.43 |
P/E links to full P/E history page with 30-year chart
OEC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Orion Engineered Carbons S.A.'s enterprise value stands at 5.7x EBITDA, 17% below its 5-year average of 6.8x. The Basic Materials sector median is 11.0x, placing the stock at a 48% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.67 | 1.01 | 1.35 | 1.01 | 1.24 | 1.60 | 1.23 | 1.38 | 1.63 | 1.58 |
| EV / EBITDA | 5.67 | 5.21 | 6.59 | 8.04 | 6.69 | 7.44 | 9.41 | 6.99 | 7.87 | 8.64 | 6.77 |
| EV / EBIT | 13.02 | 11.97 | 18.94 | 12.05 | 10.11 | 8.61 | 33.97 | 12.64 | 11.13 | 17.75 | 14.62 |
| EV / FCF | — | 24.23 | — | 14.75 | — | — | — | 23.99 | 372.52 | 37.65 | 16.21 |
OEC Profitability
Margins and return-on-capital ratios measuring operating efficiency
Orion Engineered Carbons S.A. earns an operating margin of 5.6%, below the Basic Materials sector average of 10.3%. Operating margins have compressed from 10.8% to 5.6% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -16.3% indicates the company is currently destroying shareholder equity. ROIC of 5.5% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.9% | 19.9% | 22.8% | 23.8% | 22.1% | 25.0% | 25.7% | 26.4% | 27.2% | 28.4% | 32.8% |
| Operating Margin | 5.6% | 5.6% | 8.7% | 10.8% | 9.8% | 10.0% | 8.4% | 11.0% | 11.3% | 11.4% | 15.3% |
| Net Profit Margin | -3.9% | -3.9% | 2.4% | 5.5% | 5.2% | 8.7% | 1.6% | 5.9% | 7.7% | 4.9% | 4.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -16.3% | -16.3% | 9.3% | 22.1% | 27.3% | 53.8% | 9.9% | 50.4% | 93.8% | 83.4% | 89.8% |
| ROA | -3.7% | -3.7% | 2.4% | 5.6% | 6.0% | 8.9% | 1.4% | 6.9% | 9.9% | 5.8% | 4.7% |
| ROIC | 5.5% | 5.5% | 8.7% | 11.0% | 11.8% | 11.2% | 8.2% | 15.2% | 17.8% | 17.0% | 18.7% |
| ROCE | 7.8% | 7.8% | 12.0% | 15.0% | 15.9% | 13.7% | 9.4% | 16.9% | 19.3% | 17.8% | 19.5% |
OEC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Orion Engineered Carbons S.A. carries a Debt/EBITDA ratio of 4.2x, which is highly leveraged (72% above the sector average of 2.4x). Net debt stands at $919M ($980M total debt minus $61M cash). Interest coverage of just 1.6x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.55 | 2.55 | 2.16 | 1.94 | 2.21 | 2.71 | 4.56 | 3.74 | 4.31 | 6.83 | 11.71 |
| Debt / EBITDA | 4.19 | 4.19 | 3.55 | 2.92 | 3.32 | 3.36 | 4.29 | 2.68 | 2.48 | 2.73 | 2.58 |
| Net Debt / Equity | — | 2.39 | 2.07 | 1.86 | 2.07 | 2.51 | 4.20 | 3.40 | 3.95 | 6.11 | 10.31 |
| Net Debt / EBITDA | 3.93 | 3.93 | 3.40 | 2.80 | 3.12 | 3.10 | 3.95 | 2.43 | 2.28 | 2.44 | 2.27 |
| Debt / FCF | — | 18.30 | — | 5.14 | — | — | — | 8.35 | 107.71 | 10.62 | 5.44 |
| Interest Coverage | 1.63 | 1.63 | 2.04 | 4.16 | 5.07 | 5.87 | 1.38 | 5.99 | 6.81 | 4.19 | 2.77 |
OEC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.03x means Orion Engineered Carbons S.A. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.59x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 1.47x to 1.03x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.03 | 1.03 | 1.19 | 1.47 | 1.41 | 1.48 | 1.54 | 1.78 | 1.80 | 1.83 | 1.89 |
| Quick Ratio | 0.59 | 0.59 | 0.62 | 0.82 | 0.91 | 0.97 | 1.11 | 1.20 | 1.22 | 1.27 | 1.37 |
| Cash Ratio | 0.10 | 0.10 | 0.10 | 0.09 | 0.11 | 0.15 | 0.21 | 0.26 | 0.22 | 0.26 | 0.36 |
| Asset Turnover | — | 0.95 | 1.01 | 1.03 | 1.08 | 0.95 | 0.82 | 1.17 | 1.24 | 1.14 | 1.03 |
| Inventory Turnover | 5.22 | 5.22 | 4.99 | 5.03 | 5.69 | 5.05 | 5.97 | 6.59 | 6.25 | 5.97 | 6.05 |
| Days Sales Outstanding | — | 48.26 | 49.28 | 54.81 | 72.66 | 76.55 | 75.42 | 65.93 | 60.78 | 78.37 | 75.70 |
OEC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Orion Engineered Carbons S.A. returns 7.3% to shareholders annually — split between a 1.2% dividend yield and 6.1% buyback yield.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.2% | 1.6% | 0.5% | 0.3% | 0.5% | — | 1.1% | 4.1% | 3.1% | 2.9% | 3.9% |
| Payout Ratio | — | — | 10.9% | 4.7% | 4.7% | — | 66.3% | 55.3% | 39.3% | 70.5% | 89.6% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 4.8% | 6.2% | 9.7% | 12.0% | 1.8% | 7.4% | 7.9% | 4.2% | 4.4% |
| FCF Yield | 12.4% | 16.9% | — | 10.4% | — | — | — | 6.4% | 0.4% | 3.7% | 9.3% |
| Buyback Yield | 6.1% | 8.3% | 2.9% | 3.9% | 0.4% | 0.0% | 0.0% | 0.0% | 0.3% | 0.0% | 0.3% |
| Total Shareholder Yield | 7.3% | 9.9% | 3.4% | 4.2% | 0.9% | 0.0% | 1.1% | 4.1% | 3.4% | 2.9% | 4.2% |
| Shares Outstanding | — | $56M | $58M | $60M | $61M | $61M | $61M | $61M | $61M | $61M | $60M |
Peer Comparison
Compare OEC with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 OECYou | $404M | -5.8 | 5.7 | 8.1 | 19.9% | 5.6% | -16.3% | 5.5% | 4.2 |
 CBT | $5B | 15.1 | 7.3 | 12.1 | 25.3% | 16.7% | 20.1% | 17.4% | 1.6 |
 KRO | $785M | -7.1 | 57.9 | — | 11.5% | -2.3% | -14.1% | -2.5% | 25.2 |
 TROX | $1B | -2.5 | 16.2 | — | 9.3% | -0.7% | -29.0% | -0.3% | 12.8 |
 IOSP | $2B | 17.7 | 8.9 | 23.1 | 27.7% | 8.8% | 9.1% | 11.2% | 0.4 |
 HUN | $2B | -7.2 | 17.4 | 17.3 | 13.2% | -0.7% | -9.0% | -0.6% | 11.0 |
 EMN | $8B | 17.6 | 8.8 | 19.4 | 21.1% | 10.6% | 8.0% | 6.7% | 3.5 |
 RPM | $14B | 20.1 | 14.9 | 25.6 | 41.4% | 12.3% | 25.5% | 13.3% | 2.7 |
 ASIX | $525M | 10.8 | 6.0 | 81.8 | 11.4% | 4.4% | 6.2% | 4.4% | 2.6 |
 BCPC | $5B | 34.9 | 20.6 | 30.6 | 35.7% | 21.1% | 12.9% | 12.2% | 0.7 |
 MPC | $72B | 18.6 | 11.4 | 15.1 | 7.5% | 4.3% | 16.7% | 8.3% | 3.8 |
| Basic Materials Median | — | 23.4 | 11.0 | 28.7 | 30.9% | 10.3% | -0.0% | 4.6% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 14 years · Updated daily
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OEC — Frequently Asked Questions
Quick answers to the most common questions about buying OEC stock.
What is Orion Engineered Carbons S.A.'s P/E ratio?
Orion Engineered Carbons S.A.'s current P/E ratio is -5.8x. The historical average is 20.2x.
What is Orion Engineered Carbons S.A.'s EV/EBITDA?
Orion Engineered Carbons S.A.'s current EV/EBITDA is 5.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.2x.
What is Orion Engineered Carbons S.A.'s ROE?
Orion Engineered Carbons S.A.'s return on equity (ROE) is -16.3%. The historical average is 32.6%.
Is OEC stock overvalued?
Based on historical data, Orion Engineered Carbons S.A. is trading at a P/E of -5.8x. Compare with industry peers and growth rates for a complete picture.
What is Orion Engineered Carbons S.A.'s dividend yield?
Orion Engineered Carbons S.A.'s current dividend yield is 1.16%.
What are Orion Engineered Carbons S.A.'s profit margins?
Orion Engineered Carbons S.A. has 19.9% gross margin and 5.6% operating margin.
How much debt does Orion Engineered Carbons S.A. have?
Orion Engineered Carbons S.A.'s Debt/EBITDA ratio is 4.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.