Stock fact sheet · data as of
Olin Corporation (OLN): fair value, margin of safety and Wheel Score
Ticker symbol OLN · Basic Materials · Chemicals · United States · Speculative Income
Is OLN undervalued?
At 18.08 (close of 5 Nov 2026), OLN trades 54% below the GLS average fair value of 39.09. 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 Olin Corporation 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 OLN 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. It also carries the Income tag (Income = a dividend yield of 4% or more).
Nine valuation models for OLN
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 | 75.59 | +318% | 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 | 29.92 | +66% | 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 | 11.77 | -35% | 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) | -30.56 | -269% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 19.33 | +7% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Olin Corporation scores only 4 of 9 on the Piotroski F-score, which fails the "Piotroski 6 or more" Wheel Trade Filter. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. A GLS Moat score of 2.9/10 is a weak reading: the accounts do not show returns and margins that competitors have been unable to wear down, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC -0.9%, ROE -2.3%, ROA -0.6% - with debt at 1.71 times equity and a free-cash-flow yield of 7.4%.
The dividend yield is high at 4.42% (payout ratio -54%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual. Revenue comes mainly from Chlor Alkali Products and Vinyls 49%, Winchester 28%, Epoxy 24% (quarter Q3 FY2026).
Institutional ownership scores 10/10, insider activity 3/10 and Congressional trading 10/10 on the GLS smart-money scales; the last recorded Congressional buy was on 14 Sep 2026.
| Piotroski F-score | 4 / 9 | ROIC | -0.9% |
|---|---|---|---|
| GLS Moat | 2.9 / 10 | ROE | -2.3% |
| Debt / equity | 1.71 | ROA | -0.6% |
| Free-cash-flow yield | 7.4% | Payout ratio | -54% |
| Institutions | 10 / 10 | Insiders · Congress | 3 · 10 / 10 |
Wheel Score 46: Weak
With a Wheel Score of 46 Olin Corporation sits in the Weak band. It fails filter 2, a real business, not a gamble - speculative (a loss, or a weak Piotroski score); and filter 4, financially healthy - Piotroski 4/9 (under 6); and filter 5, can repay its debt - 5.7 years to repay its debt (over 3); Moat (weak) is its weakest part.
Implied volatility is 48% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 20,037 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 4.4M shares a day on a market cap of $2.1B, with a beta of 1.14; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded 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 4/9 (under 6) |
| 5 | Can repay its debt | Fails | 5.7 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 | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 54% below fair value | |
| Premium | Strong | implied volatility 48% | |
| Moat | Weak | moat 2.9/10 | |
| Health | Fair | Piotroski 4/9 | |
| Red Flags | Good | Red Flags score 80/100 | |
| Option trading | Fair | 1,034 contracts a day, 20,037 open interest | |
| Stability | Fair | beta 1.14, $2.1B 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
The next earnings report is due on 28 Jan 2027, 84 days away - outside the window of a 30-45-day put sold today.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Chemicals
The 12 companies below are the closest to Olin Corporation by market cap within the Chemicals 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 |
|---|---|---|---|---|---|
| HUN Huntsman Corporation | 9.95 | 39.90 | +75% | 41Weak | $1.7B |
| REX REX American Resources Corporation | 39.60 | 97.70 | +59% | 48Weak | $1.3B |
| GPRE Green Plains Inc. | 13.66 | 21.29 | +36% | 47Weak | $958M |
| MEOH Methanex Corporation | 65.22 | 102.63 | +36% | 50Fair | $5.0B |
| CE Celanese Corporation | 49.75 | 84.54 | +41% | 51Fair | $5.5B |
| LXU LSB Industries, Inc. | 10.64 | 14.95 | +29% | 45Weak | $766M |
| WLKP Westlake Chemical Partners LP | 21.61 | 90.63 | +76% | 53Fair | $762M |
| TROX Tronox Holdings plc | 3.55 | 9.46 | +62% | 31Weak | $567M |
| BAK Braskem S.A. | 1.12 | 19.23 | +94% | 30No options | $446M |
| SSL Sasol Limited | 15.28 | 19.76 | +23% | 76Good | $9.8B |
| VHI Valhi, Inc. | 15.21 | 34.64 | +56% | 30No options | $431M |
| DD DuPont de Nemours, Inc. | 150.73 | 62.61 | -141% | 33Weak | $20.4B |
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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 OLN
Is OLN undervalued right now?
By the GLS models, yes: at 18.08 the stock is 54% below the average fair value of 39.09 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of OLN and what does it mean?
OLN scores 46 out of 100 (Weak) - it fails Wheel Trade Filters 2, 4, 5. 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 OLN?
39.09 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 Olin Corporation report earnings next?
The next earnings report is due on 28 Jan 2027, 84 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does OLN have listed options, and how liquid are they?
Yes. The nightly snapshot found 30 listed contracts with 20,037 open interest across all expiries and implied volatility of 48% 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.