Koppers Holdings Inc (KOP) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Koppers Holdings Inc stock $40.45, price $29.97, upside +35.0%, quality 52 out of 100. Rating: undervalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range $19.77 – $55.73 · fair‑value band $21.90 – $52.58 · the $29.97 price screens below the $40.45 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Koppers Holdings Inc. provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally.
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It operates through three segments: Railroad and Utility Products and Services; Performance Chemicals; and Carbon Materials and Chemicals.
The company procures and treats crossties, switch ties, and various types of lumber used for railroad bridges and crossings; offers utility products, including pressure treatment of transmission and distribution poles for electric and telephone utilities; untreated wood products and rail joint bars; provides railroad markets and inspection services to the utility markets; and operate a business related to the recovery of used crossties.
It also provides copper-based wood preservatives comprising micronized copper azole, micronized pigments, alkaline copper quaternary, amine copper azole, dichloro-octyl-isothiazolinone, chromated copper arsenate under the MicroPro and MicroShades brands for decking, fencing, utility poles, construction lumber and timbers, and various agricultural applications; and supplies fire-retardant chemicals under the FlamePro brand for pressure treatment of wood applications.
In addition, the company offers creosote for the treatment of wood or as a feedstock in the production of carbon black; carbon pitch, a raw material used in the production of aluminum and steel; naphthalene for use as a surfactant in the production of concrete; and carbon black feedstock.
It serves the railroad, specialty chemical, utility, residential lumber, agriculture, aluminum, steel, rubber, and construction sectors. Koppers Holdings Inc. was founded in 1988 and is headquartered in Pittsburgh, Pennsylvania.
Stock analysis
Koppers Holdings Inc (KOP) currently trades at $29.97, while our model-based Fair Value estimate is $40.45, implying the stock looks roughly 26% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $73.67 per share, and 14 of the 25 models we run sit above the $29.97 price.
Bear case: the Asset-Based group reads lowest at $4.89, and 11 of the 25 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $21.90 (bear) to $52.58 (bull), the price of $29.97 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 52/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Koppers Holdings Inc reported revenue of $1.9B in FY2025 versus $1.7B in FY2021, a compound +2.9%/yr. Reported net income was $56.0M in FY2025, compounding −10.0%/yr from FY2021.
Key figures
Market cap $573M Small · P/S ratio 0.30 · EPS (TTM) $−5.10 · Dividend yield 1.1% · Net margin −4.6% · Return on equity −19.0% · Return on assets (EBIT) 9.5% (5-year average) · Operating margin 9.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (low confidence).
What moves the price
The share trades about 43% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at 35%, KOP screens cheaper than that median.
Fair Value models
Bear$21.90Fair Value $40.45Bull$52.58
Price $29.97 · Upside +35.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 4 officers or directors sold shares worth $5.3M and none bought.
SaleM Leroy BallCEO, Director7× since Mar 2, 2026: 25,976 shares, avg. $41.62$1.1MAug 31, 2026
SaleStephen G LucasSVP, Culture and Engagement1,308 shares at $44.55$58,271Aug 12, 2026
SaleJames A. SullivanPresident and CTO2× since Aug 7, 2026: 87,500 shares, avg. $50.01$4.4MAug 11, 2026
SaleBradley A PearceCAO2,000 shares at $51.01$102,020Aug 10, 2026
Plus 5 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.64/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.0%
Revenue growth 23 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.5%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+14.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.9%
Dividend (yield on the price)1.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−6.7% vs 7.0%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.9% → 12%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+16.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +13.3% a year for the price and +1.1% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (100 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Chemicals · 727 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside+35.0% · Top 25%
Profitability
Return on assets3.0% · Below median
Net margin (12 months)−4.6% · Bottom 25%
Operating margin (12 months)9.7% · Above median
Growth and dividend
Revenue growth (quarter YoY)3.0% · Below median
Dividend yield (12 months)1.1% · Below median
Balance sheet
Debt / equity1.59× · Highest 25%
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
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Is Koppers Holdings Inc (KOP) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $40.45 versus a price of $29.97, about +35% upside (undervalued).
What is the fair value of KOP?
Our model-based fair value for Koppers Holdings Inc is $40.45 (as of Nov 8, 2026), built from audited fundamentals. The current price: $29.97.
What is the quality score of KOP?
Koppers Holdings Inc has a Quality Score of 52/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Koppers Holdings Inc (KOP)?
Our model-based price target is the fair value of $40.45 (as of Nov 8, 2026) from 25 valuation models. Cautious scenario $21.90, optimistic scenario $52.58. It is a calculation from audited fundamentals, not an analyst target.
What is the Koppers Holdings Inc stock forecast for 2026?
Our models put fair value at $40.45, about +35% upside versus a price of $29.97 (undervalued). Cautious scenario $21.90, optimistic scenario $52.58. The calculation is refreshed regularly with new filings.
What is the revenue of Koppers Holdings Inc (KOP)?
Koppers Holdings Inc reported trailing-twelve-month revenue of about $1.9B (latest available figure, as of Nov 8, 2026).
Does Koppers Holdings Inc pay a dividend?
Koppers Holdings Inc currently shows a dividend yield of 1.13% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Koppers Holdings Inc (KOP) and when is the ex-dividend date?
Koppers Holdings Inc pays a dividend of $0.34 per share a year, a dividend yield of 1.1%. The last ex-dividend date was Aug 28, 2026. A dividend has been paid every year since 2022. The payout ratio is 7.7% of earnings (on adjusted earnings, reported 11.5%). Free cash flow covers the dividend 10.50 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Koppers Holdings Inc (KOP)?
For today's price to be fair in a discounted-cash-flow model, Koppers Holdings Inc would have to grow free cash flow by +16.0 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.4 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of KOP use?
Our models discount Koppers Holdings Inc at 11.8 %: a base by market capitalisation (small), damped by beta 1.20, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Koppers Holdings Inc that is +16.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Koppers Holdings Inc (KOP) delivered so far?
Over the past 5 years revenue at Koppers Holdings Inc grew +2.4 % a year. The price currently implies free-cash-flow growth of +16.0 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Koppers Holdings Inc (KOP) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Koppers Holdings Inc (+16.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Koppers Holdings Inc (KOP)?
The free-cash-flow yield on the price is 11.77 %: that much free cash flow Koppers Holdings Inc produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Koppers Holdings Inc (KOP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Koppers Holdings Inc it is $40.45 per share (as of Nov 8, 2026), against a price of $29.97. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Koppers Holdings Inc stock overvalued or undervalued in 2026?
As of Nov 8, 2026, KOP trades below its calculated fair value: price $29.97, fair value $40.45, a gap of about +35% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of KOP?
No. The price is what the market pays today ($29.97); the fair value is what the company's own numbers justify ($40.45). For Koppers Holdings Inc the two are $10.48 per share apart. That gap is exactly why we show both numbers side by side.
How much is Koppers Holdings Inc worth?
The market values Koppers Holdings Inc at about $573M (market capitalisation, as of Nov 8, 2026). Per share that is $29.97; our models calculate a fair value of $40.45 per share.
What do the bullish and bearish scenarios say about KOP?
Our models span a range for Koppers Holdings Inc: cautious scenario $21.90, base $40.45, optimistic $52.58 per share (as of Nov 8, 2026, price $29.97). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of KOP?
The PEG ratio of Koppers Holdings Inc is 6.17 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Koppers Holdings Inc (KOP)?
Balance-sheet figures for Koppers Holdings Inc (as of Nov 8, 2026): return on equity −19.0%, debt of 1.59 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is KOP from its 52-week high?
Koppers Holdings Inc trades at $29.97, about 43% below its 52-week high of $52.23 and 13% above the low of $26.46 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $40.45 is for.
Which stocks are comparable to Koppers Holdings Inc?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Nan Ya Plastics Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Koppers Holdings Inc stock attractive at the current price?
The data as of Nov 8, 2026: price $29.97, calculated fair value $40.45 (+35%), Quality Score 52/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of KOP calculated?
We run Koppers Holdings Inc through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $40.45 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Koppers Holdings Inc currently trades 26% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Koppers Holdings Inc (KOP)?
The closing price on Nov 6, 2026 was $29.97. Our model-based fair value is $40.45, about +35% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Koppers Holdings Inc right now?
Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range ($21.90 to $52.58) leaves room in how you read the outcome.
Key figures of Koppers Holdings Inc
How large is the market capitalisation of Koppers Holdings Inc (KOP)?
The market capitalisation of Koppers Holdings Inc is $573M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Koppers Holdings Inc (KOP)?
The price-to-sales ratio of Koppers Holdings Inc is 0.30 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Koppers Holdings Inc (KOP)?
Earnings per share at Koppers Holdings Inc are $−5.10. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Koppers Holdings Inc (KOP)?
The dividend yield of Koppers Holdings Inc is 1.1% (payout 7.7%, on adjusted earnings, reported 11.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Koppers Holdings Inc (KOP)?
The net margin of Koppers Holdings Inc is −4.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Koppers Holdings Inc (KOP)?
The return on equity (ROE) of Koppers Holdings Inc is −19.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Koppers Holdings Inc (KOP)?
On an EBIT basis the return on assets of Koppers Holdings Inc is 9.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Koppers Holdings Inc (KOP)?
The operating margin of Koppers Holdings Inc is 9.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Koppers Holdings Inc (KOP)?
Revenue at Koppers Holdings Inc is growing +3.0% versus a year earlier (3y avg −1.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Koppers Holdings Inc (KOP)?
Earnings per share at Koppers Holdings Inc are growing +7.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Koppers Holdings Inc (KOP) carry?
The net debt of Koppers Holdings Inc is $985M (fiscal year 2025, ≈ 14.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 8, 2026