Orion S.A. (OEC) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does Orion S.A. Do?
Orion Engineered Carbons S.A., together with its subsidiaries, manufactures and sells carbon black products in Germany, the United States, South Korea, Brazil, China, South Africa, the rest of Europe, and internationally. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and conductive carbon black grades for polymers, coatings, and battery electrodes. It also provides rubber carbon black products for applications in mechanical rubber goods under the PUREX brand, as well as in tires under the ECORAX brand name. The company was formerly known as Orion Engineered Carbons S.à r.l. and changed its name to Orion Engineered Carbons S.A. in July 2014. Orion Engineered Carbons S.A. was founded in 1862 and is headquartered in Senningerberg, Luxembourg. Orion S.A. (OEC) is classified as a small-cap stock in the Materials sector, specifically within the Chemicals industry. The company is led by CEO Corning F. Painter and employs approximately 1,600 people. With a market capitalization of $369M, OEC is one of the notable companies in the Materials sector.
Orion S.A. (OEC) Stock Rating — Hold (April 2026)
As of April 2026, Orion S.A. receives a Hold rating with a composite score of 40.7/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.OEC ranks #1,809 out of 4,446 stocks in our coverage universe. Within the Materials sector, Orion S.A. ranks #117 of 284 stocks, placing it in the upper half of its Materials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
OEC Stock Price and 52-Week Range
Orion S.A. (OEC) currently trades at $6.73. The stock gained $0.06 (0.9%) in the most recent trading session. The 52-week high for OEC is $13.93, which means the stock is currently trading -51.7% from its annual peak. The 52-week low is $4.34, putting the stock 54.9% above its annual trough. Recent trading volume was 509K shares, suggesting relatively thin trading activity.
Is OEC Overvalued or Undervalued? — Valuation Analysis
Orion S.A. (OEC) carries a value factor score of 58/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The price-to-book ratio stands at 0.93x, versus the sector average of 2.83x. The price-to-sales ratio is 0.19x, compared to 0.74x for the average Materials stock. On an enterprise value basis, OEC trades at 3.25x EV/EBITDA, versus 6.01x for the sector.
Overall, OEC's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
Orion S.A. Profitability — ROE, Margins, and Quality Score
Orion S.A. (OEC) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is -18.0%, compared to the Materials sector average of 3.3%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -3.6% versus the sector average of 0.6%.
On a margin basis, Orion S.A. reports gross margins of 21.0%, compared to 29.8% for the sector. The operating margin is -0.4% (sector: 6.0%). Net profit margin stands at -3.9%, versus 3.0% for the average Materials stock. Revenue growth is running at -5.5% on a trailing basis, compared to 1.8% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
OEC Debt, Balance Sheet, and Financial Health
Orion S.A. has a debt-to-equity ratio of 396.0%, compared to the Materials sector average of 41.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 1.03x, suggesting adequate working capital coverage. Total debt on the balance sheet is $1.01B. Cash and equivalents stand at $51M.
OEC has a beta of 1.24, meaning it is more volatile than the broader market — a $10,000 investment in OEC would be expected to move 23.8% more than the S&P 500 on any given day. The stability factor score for Orion S.A. is 35/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.
Orion S.A. Revenue and Earnings History — Quarterly Trend
In TTM 2026, Orion S.A. reported revenue of $1.86B and earnings per share (EPS) of $-1.24. Net income for the quarter was $-69M. Gross margin was 21.0%. Operating income came in at $-6M.
In FY 2025, Orion S.A. reported revenue of $1.81B and earnings per share (EPS) of $-1.24. Net income for the quarter was $-70M. Gross margin was 19.9%. Revenue grew -3.8% year-over-year compared to FY 2024. Operating income came in at $28M.
In Q3 2025, Orion S.A. reported revenue of $451M and earnings per share (EPS) of $-1.20. Net income for the quarter was $-67M. Gross margin was 19.0%. Revenue grew -2.7% year-over-year compared to Q3 2024. Operating income came in at $-54M.
In Q2 2025, Orion S.A. reported revenue of $466M and earnings per share (EPS) of $0.16. Net income for the quarter was $9M. Gross margin was 21.1%. Revenue grew -2.2% year-over-year compared to Q2 2024. Operating income came in at $32M.
Over the past 8 quarters, Orion S.A. has demonstrated a growth trajectory, with revenue expanding from $477M to $1.86B. Investors analyzing OEC stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
OEC Dividend Yield and Income Analysis
Orion S.A. (OEC) currently pays a dividend yield of 1.1%. At this yield, a $10,000 investment in OEC stock would generate approximately $$109.00 in annual dividend income. This compares to the Materials sector average dividend yield of 0.5%, meaning OEC offers above-average income for its sector.
OEC Momentum and Technical Analysis Profile
Orion S.A. (OEC) has a momentum factor score of 28/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 35/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 31/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
OEC vs Competitors — Materials Sector Ranking and Peer Comparison
Within the Materials sector, Orion S.A. (OEC) ranks #117 out of 284 stocks based on the Blank Capital composite score. This places OEC in the upper half of all Materials stocks in our coverage universe. Key competitors and sector peers include CF Industries Holdings, Inc. (CF) with a score of 56.6/100, Nutrien Ltd. (NTR) with a score of 56.6/100, CVR PARTNERS, LP (UAN) with a score of 55.6/100, LSB INDUSTRIES, INC. (LXU) with a score of 53.6/100, and ACME UNITED CORP (ACU) with a score of 51.2/100.
Comparing OEC against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full OEC vs S&P 500 (SPY) comparison to assess how Orion S.A. stacks up against the broader market across all factor dimensions.
OEC Next Earnings Date
No upcoming earnings date has been announced for Orion S.A. (OEC) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy OEC? — Investment Thesis Summary
Orion S.A. presents a balanced picture with arguments on both sides. Momentum is weak at 28/100, a headwind for near-term performance. High volatility (stability score 35/100) increases portfolio risk.
In summary, Orion S.A. (OEC) earns a Hold rating with a composite score of 40.7/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on OEC stock.
Related Resources for OEC Investors
Explore more research and tools: OEC vs S&P 500 comparison, top Materials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare OEC head-to-head with peers: OEC vs CF, OEC vs NTR, OEC vs UAN.