Olin Corporation (OLN) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+302.5%

$72.97

vs $18.13 price

Levered DCF

$51.21

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

1.59

Distress zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-56.3×	36.74×	14.74×	5.78×	7.06×	-4×	-246.43×	10.21×
P/B	1.3×	1.97×	3.04×	3.02×	3.45×	2.67×	1.15×	1.18×
P/S	0.35×	0.61×	0.99×	0.82×	1.03×	0.67×	0.46×	0.48×
EV / EBITDA	8.59×	7.96×	7.36×	4.29×	4.86×	14.41×	7.28×	5.31×
Gross margin	7.4%	11.3%	17.0%	23.3%	25.7%	6.7%	10.9%	14.6%
Operating margin	1.7%	4.5%	10.4%	19.0%	20.8%	-13.0%	2.9%	9.7%
Net margin	-0.6%	1.7%	6.7%	14.2%	14.6%	-16.8%	-0.2%	4.7%
Current ratio	1.21×	1.27×	1.29×	1.38×	1.34×	1.43×	1.58×	1.53×
Debt / equity	1.71×	1.56×	1.35×	1.16×	1.19×	2.92×	1.54×	1.14×
Interest coverage	0.6×	1.61×	3.93×	12.36×	5.32×	-2.55×	0.73×	2.78×
Dividend yield	3.8%	2.4%	1.5%	1.5%	1.4%	3.3%	4.6%	4.0%
Payout ratio	-214.0%	86.7%	21.9%	8.8%	9.9%	-13.0%	-1144.2%	40.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-2.3%	5.4%	20.6%	52.2%	48.9%	-66.9%	-0.5%	11.6%
Return on invested capital	1.0%	3.6%	9.1%	21.5%	21.9%	-9.9%	0.7%	6.3%
Return on assets	-0.6%	1.4%	6.0%	16.5%	15.2%	-11.7%	-0.1%	3.6%
Free cash flow yield	10.4%	7.7%	10.9%	22.0%	16.8%	3.5%	8.3%	15.6%
Earnings yield	-1.8%	2.7%	6.8%	17.3%	14.2%	-25.0%	-0.4%	9.8%
Enterprise value	$5.4B	$7B	$9.6B	$10.4B	$12.1B	$7.9B	$6.3B	$6.4B
Net debt / EBITDA	4.76×	3.4×	2.18×	1.13×	1.19×	7.35×	4.06×	2.53×
Cash conversion cycle (days)	48	54	53	43	46	46	49	46