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/KOP
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Koppers Holdings Inc

Koppers Holdings Inc

KOP
$46.35USD↑+0.00%+0.00 today

MARKET CAP

876.6M

P/E (TTM)

12.0x

FWD P/E

10.3x

DAY RANGE

$46 – $47

52W RANGE

$25
$53

AI Summary

Stalk
Sell NowMedium

Stage 3 blow-off top at the 52-week highs under overbought conditions signals a terminal phase. A red reversal candle confirms rejection at key resistance, justifying a bearish medium-term stance despite underlying long-term strength. Sell into the resistance zone near the mid-July peak and watch for a sustained close above that high to invalidate the bearish setup.

  • ↑Q2 2026 revenue $520M (+3% YoY) driven by performance chemicals & utility poles
  • ↑Record H1 operating cash flow $96M vs $28M LY supports $300M+ FCF through 2028
  • ↓Coal tar prices +12% YoY and +15% sequential, pressuring adjusted EBITDA margin (13.7%)
Full analysis →

The case for & against

Bull & Bear analysis

Bearish

Koppers Holdings Inc. (NYSE: KOP) operates primarily within the diversified chemicals sector, focusing on performance chemicals, carbon materials, and utility products. The company is recognized for its efforts to optimize cash flow and profitability through strategic investments, particularly as it navigates mixed market conditions. Koppers is positioned as a key supplier in utility infrastructure, benefitting from strong ongoing demand in this sector as part of the broader theme of infrastructure development.

Bull says

  • ↑Q2 2026 revenue $520M (+3% YoY) driven by performance chemicals & utility poles
  • ↑Record H1 operating cash flow $96M vs $28M LY supports $300M+ FCF through 2028
  • ↑Utility pole demand up 16% YoY as investor-owned utilities remain strong
  • ↑Returned $47M via dividends & buybacks; dividend yield 0.76% with 7.4% payout ratio
  • ↑Catalyst strategy to deliver $15–20M in additional adjusted EBITDA
  • ↑High earnings yield and strong momentum factors indicate potential undervaluation

Bear says

  • ↓Coal tar prices +12% YoY and +15% sequential, pressuring adjusted EBITDA margin (13.7%)
  • ↓FY 2026 EPS outlook revised to a $5.32 loss vs prior $0.07 profit
  • ↓PEG ratio 11.3 and P/B 1.59 suggest overvaluation risk
  • ↓CEO and insider share sales signal waning confidence
  • ↓Class I railroad budget cuts hit railroad products demand
  • ↓Negative growth outlook and weak analyst revision factors limit upside

Earnings Call · Q1 2024 · Mgmt. Guidance

Updated 05-10-2025bearish

Transcript signals

Bull points

  • the RUPS business achieved record first quarter sales of $225 million compared to $213 million in the prior year quarter
  • This transaction enables us to increase our presence in existing markets and offers an attractive entry point to new geographic markets for our utility pole business, which we believe continues to have strong macro trends supporting growth potential for the foreseeable future.
  • We still think we have the opportunity to finish the year strong and actually finished the year hopefully towards the higher end of the range that we put out there right now.

Bear points

  • consolidated first quarter sales of $498 million, down $16 million or 3.1% from the prior year quarter
  • CM&C sales decreased $31 million or 20.2% from the prior year quarter
  • despite best efforts from the Global Koppers team, our first quarter financial results were a disappointment.
Read full transcript analysis ›