Orion S.A.

OEC Basic Materials Specialty Chemicals

Orion S.A.’s revenue for fiscal 2025 (year ended December 2025) was $1.8 billion, down 3.77% from fiscal 2024. In the quarter to June 2026, revenue grew 7.40%, EPS fell 81.3%, free cash flow fell 83.5% and total debt fell 1.22%, each against the same quarter a year earlier. Dividend growth for five consecutive years.

5.34 0.26 −4.64%
Market cap
$316.5M
P/E
0.0×
Fwd P/E
−19.8×
Dividend yield
1.55%
F-score
3/9
Altman Z
1.40
Beneish M
−3.20
Dividend safety
37/100
Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21 Dec '22 Dec '23 Dec '24 Dec '25
P/E ratio
23.52 23.46 12.95 13.31 57.13 8.23 10.02 15.41 20.78 0.00
Piotroski F-Score
7 7 6 4 4 6 4 7 5 3
P/S ratio
0.99 1.16 0.95 0.78 0.91 0.72 0.52 0.84 0.49 0.16
Altman Z-Score
2.14 2.53 2.84 2.51 1.75 2.27 2.25 2.58 2.00 1.40
Altman Z″-Score (non-manufacturers)
1.78 2.00 2.60 2.33 1.54 2.50 2.37 2.60 1.88 1.08
P/FCF ratio
7.58 26.74 21.36 21.77 0.00 0.00 0.00 9.14 0.00 5.43
Beneish M-Score
(3.24) (2.66) (2.25) (3.15) (2.60) (2.30) (2.07) (3.45) (2.79) (3.20)
P/Operating CF
20.35 39.95 26.22 13.03 31.44 46.64 10.87 21.91 9.73 3.20
Dividend Safety Score
— — — — — — — — — 37
P/B ratio
19.32 16.12 9.48 6.22 5.72 3.49 2.31 3.31 1.94 0.77
Price to Tangible BV
0.00 0.00 185.79 19.93 20.84 5.43 2.97 4.20 2.39 0.80
EV/Sales
1.51 1.62 1.34 1.18 1.50 1.18 0.94 1.25 0.95 0.67
EV/EBITDA
8.04 8.93 7.15 7.11 9.87 5.44 6.29 7.35 7.76 7.54
EV/Operating CF
7.81 14.54 17.39 7.56 13.64 12.62 23.66 6.82 14.21 5.64
EV/FCF
11.54 37.37 30.09 32.90 (87.21) (26.36) (12.63) 13.62 (21.88) 22.19
Quick Ratio
1.27 1.15 1.11 1.07 0.96 0.82 0.78 0.65 0.52 0.48
Current Ratio
1.89 1.83 1.80 1.78 1.54 1.48 1.41 1.47 1.19 1.03
Net Debt/EBITDA
2.79 2.54 2.07 2.41 3.89 2.13 2.80 2.42 3.75 5.69
Debt/Assets
61.91% 59.02% 53.79% 53.02% 53.13% 48.00% 48.46% 44.41% 48.77% 51.35%
Debt/Equity
11.69 7.21 4.31 3.58 4.08 2.45 1.99 1.70 1.91 2.55
Asset Turnover
1.04 1.17 1.30 1.17 0.86 1.02 1.15 1.02 1.02 0.96
Operating CF/Net income
4.46 2.28 1.01 2.66 6.88 1.08 0.76 3.34 2.83 (3.08)
Capex/Depreciation
(0.72) (0.88) (0.51) (1.58) (1.47) (1.98) (2.16) (1.49) (1.63) (1.20)
Interest Coverage
1.68 3.12 6.85 5.34 1.92 6.01 4.94 4.03 2.08 0.44
ROE
86.87% 84.33% 95.44% 50.40% 9.92% 53.80% 27.26% 22.07% 9.27% (16.31%)
ROA
4.52% 5.72% 9.95% 6.87% 1.38% 8.92% 6.03% 5.56% 2.40% (3.72%)
ROIC
11.07% 12.20% 15.85% 11.83% 5.44% 13.77% 9.38% 10.22% 4.80% 1.32%
Return on Tangible Assets
7.66% 9.28% 16.43% 11.49% 2.31% 14.57% 10.17% 9.36% 4.16% (6.45%)
Average Days of Receivables
70.23 69.13 66.41 56.98 79.01 71.03 67.04 47.62 43.64 48.26
Research and Development Expense of Revenue
1.41% 1.37% 1.29% 1.35% 1.78% 1.42% 1.07% 1.29% 1.44% 1.52%
Selling, General and Administrative Expense of Revenue
17.78% 15.62% 14.70% 14.01% 15.50% 13.60% 11.18% 11.72% 12.67% 12.77%
Intangible Assets out of Total Assets
0.13 0.11 0.12 0.10 0.09 0.07 0.05 0.06 0.05 0.01
Share Based Compensation of Revenue
0.00% 0.67% 0.88% 0.64% 0.39% 0.34% 0.38% 0.81% 0.81% 0.75%
Graham Net Nets
(0.52) (0.36) (0.36) (0.49) (0.68) (0.58) (0.61) (0.45) (0.84) (2.96)
Graham Number
4.24 6.32 10.82 10.06 4.50 16.26 17.18 17.82 11.81 0.00
Earnings Yield
4.25% 4.26% 7.72% 7.51% 1.75% 12.15% 9.98% 6.49% 4.81% (23.86%)
Free Cash Flow Yield
13.20% 3.74% 4.68% 4.59% (1.89%) (6.24%) (14.29%) 10.94% (8.85%) 18.43%
Revenue per Share
19.21 22.39 26.49 24.61 18.81 25.48 33.35 32.10 32.25 32.08
Operating CF per Share
3.71 2.49 2.05 3.86 2.07 2.39 1.33 5.86 2.15 3.83
Capex per Share
(1.20) (1.52) (0.86) (2.60) (2.40) (3.54) (3.82) (2.93) (3.55) (2.86)
Free Cash Flow per Share
2.51 0.97 1.18 1.26 (0.32) (1.14) (2.49) 2.93 (1.40) 0.97
Cash per Share
1.48 1.28 1.17 1.25 1.07 1.08 1.00 0.64 0.76 1.08
Shareholders Equity per Share
0.99 1.61 2.67 3.10 3.00 5.27 7.54 8.11 8.16 6.83
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
0.99 1.61 2.67 3.10 3.00 5.27 7.54 8.11 8.16 6.83
Free Cash Flow
149.23 57.46 70.50 75.66 (19.60) (69.50) (151.80) 173.10 (81.40) 54.80
Working Capital
215.94 236.96 254.98 222.51 175.80 216.30 225.70 205.80 96.60 17.40
Capital Expenditures
(71.15) (90.28) (51.48) (155.85) (144.90) (214.70) (232.80) (172.80) (206.70) (161.00)
Net Current Asset Value
(588.70) (546.95) (538.81) (563.66) (708.30) (646.30) (650.80) (708.80) (769.10) (879.20)
EV/EBIT
14.85 15.58 10.80 11.89 22.97 8.02 9.72 11.49 17.34 44.23
Capex to Sales
0.06 0.07 0.03 0.11 0.13 0.14 0.11 0.09 0.11 0.09
Price to Operating Income
9.75 11.14 7.67 7.87 13.92 4.88 5.39 7.70 8.95 10.81
Other line items
Depreciation/Fixed assets
0.23 0.22 0.21 0.19 0.16 0.15 0.13 0.13 0.13 0.13
Cash ROIC
17.98% 6.69% 7.72% 8.16% (1.99%) (5.95%) (10.57%) 13.01% (5.71%) 3.85%
Accounts Receivable Turnover
5.43 5.64 5.86 5.70 4.77 5.66 6.03 6.11 7.96 7.80
Accounts Payable Turnover
6.36 6.22 6.89 6.79 5.87 7.11 8.34 7.85 8.52 8.19
Inventory Turnover
6.29 6.65 6.70 6.24 5.51 6.25 6.23 5.11 5.02 5.10
Average Days of Payables
64.85 65.12 52.00 52.50 56.73 61.38 42.47 46.47 39.35 49.70
Days of Inventory on Hand
60.33 61.17 58.37 55.36 61.19 72.30 64.11 72.63 73.17 69.95
Average Receivables
210.09 235.45 269.36 258.83 238.24 273.50 337.00 310.05 235.80 231.70
Average Payables
120.31 152.82 166.60 159.94 143.75 163.15 189.60 183.90 169.95 176.60
Average Inventory
121.63 142.94 171.48 174.21 153.15 185.65 253.85 282.50 288.75 283.85
Average Assets
1,091.35 1,134.70 1,218.69 1,265.21 1,323.60 1,510.40 1,759.85 1,861.05 1,845.35 1,882.45
Average Common Equity
56.85 76.91 127.10 172.45 183.51 250.35 389.55 468.95 476.70 429.75

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