Stock fact sheet · data as of
Orion S.A. (OEC): fair value, margin of safety and Wheel Score
Ticker symbol OEC · Basic Materials · Chemicals - Specialty · Luxembourg · Speculative
Is OEC undervalued?
At 5.87 (close of 5 Nov 2026), OEC trades 71% below the GLS average fair value of 20.52. That average comes from 3 models run on the latest filings, and 2 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns Orion S.A. the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
The average is built from just 3 models (DCF, 10 Cap, DDM) - the rest returned nothing because an input they need (dividends, free cash flow, book value) is zero or negative - so treat it with more caution than usual.
The nightly engine files OEC under Speculative - it is losing money or its Piotroski health score is 3 or lower - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for OEC
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 17.90 | +205% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | 42.44 | +623% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 1.22 | -79% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | -15.59 | -366% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 7.50 | +28% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Orion S.A. scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. On durability OEC scores 6.3/10 on the GLS Moat - a middle reading; the Moat Score tab on the Quote page's Financials view shows which of the four parts hold it back.
Returns on capital are thin or negative - ROIC -5.1%, ROE -18.2%, ROA -3.7% - with debt at 2.55 times equity and a free-cash-flow yield of 15.4%. Debt of 2.55 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
The dividend yield is 1.41% with a payout ratio of -15% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Rubber 63%, Specialties 37% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | -5.1% |
|---|---|---|---|
| GLS Moat | 6.3 / 10 | ROE | -18.2% |
| Debt / equity | 2.55 | ROA | -3.7% |
| Free-cash-flow yield | 15.4% | Payout ratio | -15% |
| Institutions | 10 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 32: Weak
With a Wheel Score of 32 Orion S.A. sits in the Weak band. It fails filter 1, options that actually trade - options too quiet (1,549 open interest, 62 a day); and filter 2, a real business, not a gamble - speculative (a loss, or a weak Piotroski score); and filter 4, financially healthy - Piotroski 5/9 (under 6); and filter 5, can repay its debt - 3.2 years to repay its debt (over 3); and filter 7, a premium worth selling - implied volatility 114% (over 80%); and filter 8, big enough - market cap $331M (under $1.0B); Option trading (weak) is its weakest part.
Implied volatility is 114%, above the 80% ceiling of the Wheel Trade Filter on premium. The premium looks generous, but moves of that size can blow through any strike. Chain open interest is thin - 1,549 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 537k shares a day on a market cap of $331M, with a beta of 1.05; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (1,549 open interest, 62 a day) |
| 2 | A real business, not a gamble | Fails | speculative (a loss, or a weak Piotroski score) |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 5/9 (under 6) |
| 5 | Can repay its debt | Fails | 3.2 years to repay its debt (over 3) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | implied volatility 114% (over 80%) |
| 8 | Big enough | Fails | market cap $331M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 71% below fair value | |
| Premium | Weak | implied volatility 114% | |
| Moat | Good | moat 6.3/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Weak | Red Flags score 60/100 | |
| Option trading | Weak | 62 contracts a day, 1,549 open interest | |
| Stability | Fair | beta 1.05, $331M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for OEC in the nightly calendar. The next ex-dividend date is 11 Dec 2026 (0.0207 per share).
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Chemicals - Specialty
The 12 companies below are the closest to Orion S.A. by market cap within the Chemicals - Specialty industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| GEVO Gevo, Inc. | 1.28 | - | - | 13Weak | $316M |
| ASPI ASP Isotopes Inc. Common Stock | 1.91 | - | - | 12Weak | $293M |
| ASPN Aspen Aerogels, Inc. | 4.80 | 10.47 | +54% | 27Weak | $398M |
| ALTO Alto Ingredients, Inc. | 3.50 | 7.82 | +55% | 37Weak | $271M |
| ASIX AdvanSix Inc. | 15.52 | 25.40 | +39% | 42Weak | $419M |
| FF FutureFuel Corp. | 5.62 | 1.68 | -235% | 26Weak | $247M |
| RYAM Rayonier Advanced Materials Inc. | 7.15 | 24.55 | +71% | 33Weak | $484M |
| CMT Core Molding Technologies, Inc. | 21.16 | 30.01 | +29% | 33No options | $187M |
| HDSN Hudson Technologies, Inc. | 4.41 | 16.48 | +73% | 38Weak | $186M |
| LWLG Lightwave Logic, Inc. | 4.30 | 0.5222 | -723% | 18Weak | $663M |
| MATV Mativ Holdings, Inc. | 12.10 | 28.49 | +58% | 47Weak | $668M |
| KOP Koppers Holdings Inc. | 42.89 | 61.30 | +30% | 44Weak | $811M |
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A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about OEC
Is OEC undervalued right now?
By the GLS models, yes: at 5.87 the stock is 71% below the average fair value of 20.52 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of OEC and what does it mean?
OEC scores 32 out of 100 (Weak) - it fails Wheel Trade Filters 1, 2, 4, 5, 7, 8. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for OEC?
20.52 per share as of 5 Nov 2026 - the simple average of the 3 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Orion S.A. report earnings next?
No upcoming earnings date is recorded for OEC in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does OEC have listed options, and how liquid are they?
Yes. The nightly snapshot found 12 listed contracts with 1,549 open interest across all expiries and implied volatility of 114% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.