Recent News
May 7, 2026 — Board declared a quarterly cash dividend of $0.09 per share payable June 15, 2026 to shareholders of record at the close on May 29, 2026. May 11, 2026 — the company announced Eric Brenner will join as Chief Financial Officer and Treasurer effective May 26, 2026. Mid‑June 2026 — Koppers confirmed participation in multiple investor conferences scheduled for June. April 24, 2026 — the company published its 2025 Annual Report and related corporate materials.
Technical Analysis
Directional indicators show a strong trend environment: ADX at 35.71 indicates a strong trend, while DI+ at 26.15 registered a dip-and-reversal (bullish) and DI‑ at 9.75 is decreasing (bullish). Together these directional signals favor continuation of the recent advance rather than a trend reversal.
Momentum confirms the bullish tilt: MACD stands at 1.52 and sits above the signal line at 1.30; the MACD recorded a dip‑and‑reversal and the cross above the signal line signals a return of bullish momentum.
MRO reads 6.79 (positive), which indicates the current price sits above the model target and therefore carries an elevated risk of a near-term mean reversion; the recent MRO dip‑and‑reversal, however, offsets some of that corrective pressure by pointing to renewed momentum.
RSI at 65.69 and rising shows momentum strength near the overbought threshold; upside momentum remains intact but leaves limited short‑term room before momentum indicators force consolidation.
Price sits above short-, medium- and long-term averages: close at $49.05 exceeds the 12‑day EMA ($47.22), 20‑day average ($46.81), 50‑day average ($43.40) and 200‑day average ($34.60). The price’s proximity to the 52‑week high ($49.30) plus narrow Bollinger bands suggests the advance carries momentum but could meet intraday resistance near recent highs; the super trend lower at $45.60 and the 20‑day/12‑day averages now act as technical support for any pullback.
Fundamental Analysis
Total revenue stands at $455.3M with EBITDA of $42.3M and EBIT of $22.9M; WMDST values the stock as under-valued. GAAP EPS came in at $0.57 versus an estimate of $0.38, producing an EPS surprise ratio of 50%, and the company reported first-quarter 2026 results and related disclosures in early May.
Margins and profitability present mixed signals: EBIT margin equals 5.03%, well below the industry peer mean of 24.634% and the industry peer median of 28.391%, and operating margin sits at 5.601% with a year‑over‑year decline of about 43.76%. QoQ changes show contraction in margin measures. Cash generation stands out relative to operating profit — operating cash flow of $46.3M and free cash flow of $34.9M produce a free cash flow yield of 4.897% that sits above the industry peer mean of 0.484%.
Leverage and liquidity mix: total debt $1,022.9M and net debt $877.4M produce a debt‑to‑assets ratio of 54.4%, above the industry peer mean of 33.426%, and debt‑to‑equity of 1.8615, also above the industry peer mean of 0.82319. Liquidity metrics remain healthy on a near‑term basis with a current ratio of 2.71 (above the industry peer mean of 1.25407) and a quick ratio of 1.11. Cash conversion cycle runs long at 110.8 days versus the industry peer mean of 34.29 days, reflecting working‑capital intensity in inventory and receivables.
Valuation and capital returns: price‑to‑book at 1.30 stays below the industry peer mean of 4.77396 and median of 5.84845; forward PE near 28.9 contrasts with the reported trailing PE of 105.9 (reflecting the recent EPS base and one‑time effects). Dividend policy remains in place with a quarterly cash dividend declared; dividend payout ratio at about 30.99% and dividend coverage near 3.23x indicate sustainable distributable cash relative to reported earnings. Taken together, cash‑flow strength and below‑peer valuation metrics underpin the WMDST valuation that marks the stock as under‑valued despite compressed operating margins and elevated leverage.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-05-08 |
| NEXT REPORT DATE: | 2026-08-07 |
| CASH FLOW | Begin Period Cash Flow | $ 38.0 M |
| Operating Cash Flow | $ 46.3 M | |
| Capital Expenditures | $ -11.40 M | |
| Change In Working Capital | $ 15.5 M | |
| Dividends Paid | $ -2.20 M | |
| Cash Flow Delta | $ 4.8 M | |
| End Period Cash Flow | $ 42.8 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 455.3 M | |
| Forward Revenue | $ 362.2 M | |
| COSTS | ||
| Cost Of Revenue | $ 368.7 M | |
| Depreciation | $ 19.4 M | |
| Depreciation and Amortization | $ 19.4 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 429.8 M | |
| PROFITABILITY | ||
| Gross Profit | $ 86.6 M | |
| EBITDA | $ 42.3 M | |
| EBIT | $ 22.9 M | |
| Operating Income | $ 25.5 M | |
| Interest Income | — | |
| Interest Expense | $ 15.0 M | |
| Net Interest Income | $ -15.00 M | |
| Income Before Tax | $ 7.9 M | |
| Tax Provision | $ 800.0 K | |
| Tax Rate | 27.7 % | |
| Net Income | $ 7.1 M | |
| Net Income From Continuing Operations | $ 7.1 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.38 | |
| EPS Actual | $ 0.57 | |
| EPS Difference | $ 0.19 | |
| EPS Surprise | 50.0 % | |
| Forward EPS | $ 1.18 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.9 B | |
| Intangible Assets | $ 432.5 M | |
| Net Tangible Assets | $ 117.0 M | |
| Total Current Assets | $ 668.9 M | |
| Cash and Short-Term Investments | $ 42.8 M | |
| Cash | $ 42.8 M | |
| Net Receivables | $ 181.0 M | |
| Inventory | $ 395.9 M | |
| Long-Term Investments | $ 24.2 M | |
| LIABILITIES | ||
| Accounts Payable | $ 143.4 M | |
| Short-Term Debt | $ 4.9 M | |
| Total Current Liabilities | $ 246.5 M | |
| Net Debt | $ 877.4 M | |
| Total Debt | $ 1.0 B | |
| Total Liabilities | $ 1.3 B | |
| EQUITY | ||
| Total Equity | $ 549.5 M | |
| Retained Earnings | $ 544.3 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 28.58 | |
| Shares Outstanding | 19.229 M | |
| Revenue Per-Share | $ 23.68 | |
| VALUATION | Market Capitalization | $ 712.7 M |
| Enterprise Value | $ 1.7 B | |
| Enterprise Multiple | 40.02 | |
| Enterprise Multiple QoQ | 88.005 % | |
| Enterprise Multiple YoY | -56.061 % | |
| Enterprise Multiple IPRWA | high: 140.93 median: 71.983 mean: 68.903 KOP: 40.02 low: -18.193 |
|
| EV/R | 3.718 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 3.422 | |
| Asset To Liability | 1.413 | |
| Debt To Capital | 0.651 | |
| Debt To Assets | 0.544 | |
| Debt To Assets QoQ | 0.386 % | |
| Debt To Assets YoY | -3.795 % | |
| Debt To Assets IPRWA | high: 0.673 KOP: 0.544 mean: 0.334 median: 0.305 low: 0.006 |
|
| Debt To Equity | 1.862 | |
| Debt To Equity QoQ | 4.499 % | |
| Debt To Equity YoY | -13.297 % | |
| Debt To Equity IPRWA | high: 2.671 KOP: 1.862 mean: 0.823 median: 0.682 low: -3.496 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.297 | |
| Price To Book QoQ | 25.136 % | |
| Price To Book YoY | 17.678 % | |
| Price To Book IPRWA | high: 5.848 median: 5.848 mean: 4.774 KOP: 1.297 low: 0.682 |
|
| Price To Earnings (P/E) | 105.899 | |
| Price To Earnings QoQ | 142.411 % | |
| Price To Earnings YoY | 174.004 % | |
| Price To Earnings IPRWA | high: 506.447 median: 112.593 KOP: 105.899 mean: 90.227 low: -249.678 |
|
| PE/G Ratio | -2.118 | |
| Price To Sales (P/S) | 1.565 | |
| Price To Sales QoQ | 13.848 % | |
| Price To Sales YoY | 30.19 % | |
| Price To Sales IPRWA | high: 25.686 median: 25.686 mean: 20.093 KOP: 1.565 low: 0.801 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 28.876 | |
| Forward PE/G | -0.578 | |
| Forward P/S | 1.954 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -11.057 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.242 | |
| Asset Turnover Ratio QoQ | 5.628 % | |
| Asset Turnover Ratio YoY | 0.104 % | |
| Asset Turnover Ratio IPRWA | high: 0.481 KOP: 0.242 mean: 0.111 median: 0.101 low: 0.005 |
|
| Receivables Turnover | 2.681 | |
| Receivables Turnover Ratio QoQ | 8.661 % | |
| Receivables Turnover Ratio YoY | 16.443 % | |
| Receivables Turnover Ratio IPRWA | high: 3.395 KOP: 2.681 mean: 1.801 median: 1.707 low: 0.871 |
|
| Inventory Turnover | 0.914 | |
| Inventory Turnover Ratio QoQ | 15.162 % | |
| Inventory Turnover Ratio YoY | 5.25 % | |
| Inventory Turnover Ratio IPRWA | high: 3.289 median: 2.188 mean: 2.172 KOP: 0.914 low: 0.779 |
|
| Days Sales Outstanding (DSO) | 34.041 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 110.763 | |
| Cash Conversion Cycle Days QoQ | 7.545 % | |
| Cash Conversion Cycle Days YoY | 16.118 % | |
| Cash Conversion Cycle Days IPRWA | high: 175.851 KOP: 110.763 median: 40.054 mean: 34.291 low: -38.744 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.078 | |
| CapEx To Revenue | -0.025 | |
| CapEx To Depreciation | -0.588 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.5 B | |
| Net Invested Capital | $ 1.5 B | |
| Invested Capital | $ 1.5 B | |
| Net Tangible Assets | $ 117.0 M | |
| Net Working Capital | $ 422.4 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.174 | |
| Current Ratio | 2.714 | |
| Current Ratio QoQ | -7.843 % | |
| Current Ratio YoY | 2.848 % | |
| Current Ratio IPRWA | high: 3.54 KOP: 2.714 mean: 1.254 median: 0.828 low: 0.813 |
|
| Quick Ratio | 1.108 | |
| Quick Ratio QoQ | -2.324 % | |
| Quick Ratio YoY | 0.69 % | |
| Quick Ratio IPRWA | high: 3.152 KOP: 1.108 mean: 0.994 median: 0.693 low: 0.447 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 24.182 | |
| Cost Of Debt | 1.318 % | |
| Interest Coverage Ratio | 1.527 | |
| Interest Coverage Ratio QoQ | -56.341 % | |
| Interest Coverage Ratio YoY | -4324.322 % | |
| Interest Coverage Ratio IPRWA | high: 40.21 median: 40.21 mean: 28.58 KOP: 1.527 low: -7.509 |
|
| Operating Cash Flow Ratio | 0.164 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 37.674 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 3.227 | |
| Dividend Payout Ratio | 0.31 | |
| Dividend Rate | $ 0.11 | |
| Dividend Yield | 0.003 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -0.344 % | |
| Revenue Growth | 5.223 % | |
| Revenue Growth QoQ | -148.187 % | |
| Revenue Growth YoY | -221.522 % | |
| Revenue Growth IPRWA | high: 108.664 % KOP: 5.223 % mean: 0.914 % median: 0.194 % low: -15.81 % |
|
| Earnings Growth | -50.0 % | |
| Earnings Growth QoQ | 18.627 % | |
| Earnings Growth YoY | 541.684 % | |
| Earnings Growth IPRWA | high: 200.0 % median: 3.095 % mean: -3.165 % KOP: -50.0 % low: -123.684 % |
|
| MARGINS | ||
| Gross Margin | 19.02 % | |
| Gross Margin QoQ | -25.723 % | |
| Gross Margin YoY | -17.932 % | |
| Gross Margin IPRWA | high: 48.684 % median: 48.491 % mean: 39.827 % KOP: 19.02 % low: 0.941 % |
|
| EBIT Margin | 5.03 % | |
| EBIT Margin QoQ | -59.844 % | |
| EBIT Margin YoY | -3939.695 % | |
| EBIT Margin IPRWA | high: 44.361 % median: 28.391 % mean: 24.634 % KOP: 5.03 % low: -7.358 % |
|
| Return On Sales (ROS) | 5.601 % | |
| Return On Sales QoQ | -55.12 % | |
| Return On Sales YoY | -4375.573 % | |
| Return On Sales IPRWA | high: 34.592 % median: 27.058 % mean: 22.615 % KOP: 5.601 % low: -4.68 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 34.9 M | |
| Free Cash Flow Yield | 4.897 % | |
| Free Cash Flow Yield QoQ | 2.234 % | |
| Free Cash Flow Yield YoY | -172.645 % | |
| Free Cash Flow Yield IPRWA | KOP: 4.897 % high: 3.625 % mean: 0.484 % median: 0.398 % low: -13.172 % |
|
| Free Cash Growth | 22.456 % | |
| Free Cash Growth QoQ | -192.786 % | |
| Free Cash Growth YoY | -113.531 % | |
| Free Cash Growth IPRWA | high: 49.945 % KOP: 22.456 % median: -42.875 % mean: -74.848 % low: -399.666 % |
|
| Free Cash To Net Income | 4.915 | |
| Cash Flow Margin | 8.895 % | |
| Cash Flow To Earnings | 5.704 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.02 | |
| Return On Assets (ROA) | 0.377 % | |
| Return On Assets QoQ | -76.003 % | |
| Return On Assets YoY | -151.293 % | |
| Return On Assets IPRWA | high: 4.286 % median: 2.145 % mean: 1.729 % KOP: 0.377 % low: -3.698 % |
|
| Return On Capital Employed (ROCE) | 1.402 % | |
| Return On Equity (ROE) | 0.013 | |
| Return On Equity QoQ | -75.029 % | |
| Return On Equity YoY | -146.292 % | |
| Return On Equity IPRWA | high: 0.115 median: 0.048 mean: 0.041 KOP: 0.013 low: -0.035 |
|
| DuPont ROE | 1.264 % | |
| Return On Invested Capital (ROIC) | 1.4 % | |
| Return On Invested Capital QoQ | -49.749 % | |
| Return On Invested Capital YoY | -4342.424 % | |
| Return On Invested Capital IPRWA | high: 4.166 % median: 2.94 % mean: 2.363 % KOP: 1.4 % low: -1.287 % |
|