Olin (OLN) AI Stock Analysis

• Market Cap: $2.37B
• Dividend Yield: 3.91%
• Average Volume (3M): 2.42M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.51
• Revenue Growth: 4.68%
• EPS Growth: -62.80%
• Country: US
• Employees: 7,676
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): -0.58
• Shares Outstanding: 114,121,530
• 10 Day Avg. Volume: 3,015,485
• 30 Day Avg. Volume: 2,421,821
• PEG Ratio: -0.49
• Price to Book (P/B): 1.97
• Price to Sales (P/S): 0.61
• P/FCF Ratio: 12.92
• Enterprise Value/Market Cap: 2.33
• Enterprise Value/Revenue: 0.82
• Enterprise Value/Gross Profit: 11.78
• Enterprise Value/Ebitda: 8.67
• 1Y Price Target: $24.13
• Price Target Upside: 15.95% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 10
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: $22.50 ▲(8.12% Upside)

Overall score reflects pressured financial performance (thin margins, high leverage, and weak free-cash-flow trends) as the biggest drag. The earnings call adds some support via liquidity strength and credible cost-savings plans despite clear near-term headwinds, while technicals are neutral and valuation is challenged by a high P/E only partly offset by the dividend yield.

Positive Factors

Strong liquidity and cash generation

Sustained quarterly operating cash generation and a $1.0B liquidity buffer materially reduce refinancing and solvency risk. Durable cash flow capacity supports capex, dividend continuity, and funding of restructuring programs, providing runway to navigate cyclical troughs and invest in productivity.

Meaningful structural cost program (Beyond $250)

A clearly quantified, multi-year cost program that has already delivered savings and plans material incremental annual reductions improves margin durability. Structural actions (site optimization, closures, supply agreements) lower fixed costs and improve competitiveness across cycles, aiding long-term profitability recovery.

Diversified revenue mix with defense backlog

Winchester's military and project sales provide stable, contract-driven demand that is less cyclical than commercial ammo. Combined with price discipline and cost actions, the defense exposure and portfolio diversification reduce revenue volatility and underpin a more resilient multi-segment business model over time.

Negative Factors

High leverage and weak FCF conversion

Elevated leverage and sharply negative free-cash-flow growth constrain strategic flexibility and increase vulnerability to interest and commodity shocks. Poor cash conversion limits reinvestment capacity, raises refinancing risk, and forces prioritization of liquidity and debt paydown over growth investments or higher shareholder returns.

Structural chlor-alkali & vinyls market weakness

Persistent global vinyls oversupply and subsidized exports compress pricing long-term, while rising US power and gas costs erode a historical cost advantage. These structural headwinds pressure volumes and margins across the core chemicals franchise, making sustainable margin recovery more challenging.

Operational disruptions and stranded costs

One-time stranded costs and recurrent large-scale turnarounds increase structural cost base and add execution risk. Extended shutdowns, third-party outages and weather-related stoppages can materially depress near-term earnings and leave lingering fixed-cost burdens that slow margin recovery and cash flow normalization.

Olin Business Overview & Revenue Model

Company Description

Olin Corporation manufactures and distributes chemical products in the United States, Europe, and internationally. It operates through three segments: Chlor Alkali Products and Vinyls; Epoxy; and Winchester. The Chlor Alkali Products and Vinyls segment offers chlorine and caustic soda, ethylene dichloride and vinyl chloride monomers, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, hydrochloric acid, hydrogen, bleach products, potassium hydroxide, chlorinated organics intermediates and solvents, and sodium hypochlorite. The Epoxy segment provides epoxy materials and precursors, including aromatics, such as acetone, bisphenol, cumene, and phenol, as well as allyl chloride, epichlorohydrin, and glycerin used for the manufacturers of polymers, resins and other plastic materials, and water purification; liquid and solid epoxy resins that are used in adhesives, marines, protective coatings, composites, and flooring; and converted epoxy resins and additives for use in electrical laminates, paints and coatings, wind blades, electronics, and construction. The Winchester segment offers sporting ammunition products, including shotshells, small caliber centerfire, and rimfire ammunition products for hunters and recreational shooters, and law enforcement agencies; small caliber military ammunition products for use in infantry and mounted weapons; and industrial products comprising gauge loads and powder-actuated tool loads for maintenance applications in power and concrete industries, and powder-actuated tools in construction industry. The company markets its products through its sales force, as well as directly to various industrial customers, mass merchants, retailers, wholesalers, other distributors, and the U.S. Government and its prime contractors. Olin Corporation was incorporated in 1892 and is based in Clayton, Missouri.

How the Company Makes Money

Olin generates revenue primarily through the sale of chemicals and ammunition. The Chlor Alkali Products and Vinyls segment accounts for a significant portion of the company's revenue, driven by demand from sectors such as water treatment, agriculture, and construction. The pricing of these products is influenced by raw material costs, production capacity, and market demand. In addition, the Winchester segment contributes to revenue through sales of various types of ammunition, including centerfire, rimfire, and shotshell products. Olin also benefits from strategic partnerships and contracts with military and law enforcement agencies, which provide consistent demand for their ammunition products. The company's ability to adapt to changing market conditions and maintain operational efficiency further enhances its revenue generation capabilities.

Olin Financial Statement Overview

Summary

Mixed fundamentals: low and compressing profitability (TTM gross margin 9.25%, net margin 0.79%), high leverage (debt-to-equity 1.63), and weak cash conversion (operating cash flow to net income 0.10) with sharply negative free cash flow growth (-126.84%).

Income Statement

Olin's income statement shows a mixed performance. The TTM gross profit margin is relatively low at 9.25%, indicating pressure on profitability. The net profit margin has decreased to 0.79% from 1.66% in the previous year, reflecting challenges in maintaining net income levels. Revenue growth is positive at 1.86% TTM, but this follows a decline in the previous year, suggesting volatility. EBIT and EBITDA margins have also decreased significantly, indicating reduced operational efficiency.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 1.63 TTM, which is a concern for financial stability. Return on equity has decreased to 2.67% TTM, showing reduced profitability for shareholders. The equity ratio is not explicitly provided, but the high leverage suggests a lower proportion of equity financing. Overall, the balance sheet indicates a need for improved capital structure management.

Cash Flow

Cash flow analysis shows significant challenges, with a negative free cash flow growth rate of -126.84% TTM, indicating cash flow issues. The operating cash flow to net income ratio is low at 0.10, suggesting weak cash generation relative to net income. The free cash flow to net income ratio is negative, highlighting difficulties in converting profits into free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	6.78B	6.54B	6.83B	9.38B	8.91B	5.76B
Gross Profit	470.20M	737.50M	1.16B	2.18B	2.29B	383.40M
EBITDA	638.60M	873.90M	1.31B	2.43B	2.49B	549.40M
Net Income	-42.60M	108.60M	460.20M	1.33B	1.30B	-969.90M
Balance Sheet
Total Assets	7.33B	7.58B	7.71B	8.04B	8.52B	8.27B
Cash, Cash Equivalents and Short-Term Investments	167.60M	175.60M	170.30M	194.00M	180.50M	189.70M
Total Debt	3.08B	3.15B	3.02B	2.94B	3.16B	4.23B
Total Liabilities	5.40B	5.52B	5.44B	5.50B	5.87B	6.82B
Stockholders Equity	1.93B	2.02B	2.23B	2.54B	2.65B	1.45B
Cash Flow
Free Cash Flow	-10.50M	308.10M	738.30M	1.69B	1.54B	134.10M
Operating Cash Flow	153.00M	503.20M	974.30M	1.92B	1.74B	433.00M
Investing Cash Flow	-225.60M	-283.70M	-340.80M	-259.70M	-197.40M	-835.70M
Financing Cash Flow	36.70M	-212.60M	-656.90M	-1.65B	-1.55B	371.00M

Olin Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 20.81
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OLN, the sentiment is Negative. The current price of 20.81 is below the 20-day moving average (MA) of 22.89, below the 50-day MA of 21.50, and below the 200-day MA of 21.42, indicating a bearish trend. The MACD of 0.25 indicates Positive momentum. The RSI at 39.54 is Neutral, neither overbought nor oversold. The STOCH value of 21.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for OLN.

Olin Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PRM	64 Neutral	$3.87B	62.07	7.39%	―	19.12%	―
AVNT	63 Neutral	$3.31B	29.32	4.79%	3.48%	1.03%	-24.57%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
KWR	58 Neutral	$2.67B	-301.81	-0.64%	1.37%	0.08%	-107.33%
WLK	56 Neutral	$10.17B	―	-9.48%	2.88%	-5.32%	-1108.29%
CC	54 Neutral	$2.25B	-6.76	-69.74%	4.37%	2.12%	-579.74%
OLN	53 Neutral	$2.37B	-54.78	-2.18%	3.91%	4.68%	-62.80%

Olin Corporate Events

Olin Declares Quarterly Dividend of $0.20 Per Share

On November 12, 2025, Olin‘s Board declared a quarterly dividend of $0.20 per share, payable on December 12, 2025, to shareholders of record as of November 28, 2025. This announcement marks Olin’s 396th consecutive quarterly dividend, highlighting the company’s consistent financial performance and commitment to returning value to its shareholders.

The most recent analyst rating on (OLN) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on Olin stock, see the OLN Stock Forecast page.