Koppers Holdings Inc. Common Stock (KOP)

FairStock Score: 64/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with the numbers and ask what I am paying for. At the close on 2026-10-13, Koppers' market value was $839.9 million. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $520.1 million and net income was a loss of $147.5 million, or diluted EPS of -$7.71. That single quarter overwhelmed the $7.1 million profit in fiscal Q1 2026 and the $56.0 million of net income in FY2025. Revenue has drifted lower: FY2023 was $2.2 billion, FY2024 was $2.1 billion, and FY2025 was $1.9 billion. The business is a cyclical specialty chemicals and treated-wood operator, and the Lynch category is CYCLICAL—Specialty Chemicals: earnings follow the economic cycle. The moat is not obvious: railroad ties, utility poles, and carbon materials are tied to industrial demand and input costs, though local approvals and service relationships may help. Financial health is mixed. Trailing free cash flow is $138.7 million, a FairStock FCF yield of 16.5%, which is attractive. But debt-to-equity is 2.59, the Altman Z-Score is 1.37, and the FairStock P/E is -9.57 because earnings are negative. FairStock's P/B is 2.17, ROCE is 6.49%, and EV/EBITDA is 45.59, so on several measures the price is not screaming cheap. The Piotroski F-Score is 5/9. I would want to see the Q2 loss prove nonrecurring, debt fall, and revenue stabilize before calling this a bargain.

In plain English: The company treats wood and makes chemicals used by railroads, utilities, and industrial customers. It is a cyclical business that looks weak right now: the latest quarter had a large loss, and sales have slipped over recent years. The stock price does not look obviously cheap compared with the company's assets, and it is hard to judge against profits because those profits are negative.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer