Koppers Holdings Inc. (KOP) intrinsic value & 10-year financials
Koppers Holdings Inc. (KOP) has a Graham intrinsic value of $57.11 per share. At $43.32 on Oct 17, 2026, the stock trades 24% below that value. Over the last 10 fiscal years revenue grew 3.2% a year to $1.9B, with an average return on invested capital of 9.1%.
- Graham intrinsic value
- $57.11
- Share price (Oct 17, 2026)
- $43.32
- Price vs Graham value
- 24% below
- Market cap
- $883.9M
- Revenue (FY2025)
- $1.9B
- Revenue growth (10-yr CAGR)
- 3.2%
- ROIC (10-yr avg)
- 9.1%
- Free cash flow (FY2025)
- $67.5M
KOP 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.9B | $56.0M | $2.74 | $67.5M | 8.9% | 7.8% |
| FY2024 | $2.1B | $52.4M | $2.46 | $42.0M | 7.1% | 7.6% |
| FY2023 | $2.2B | $89.2M | $4.14 | $25.6M | 9.1% | 10.8% |
| FY2022 | $2.0B | $63.4M | $2.98 | -$3.0M | 7.0% | 7.5% |
| FY2021 | $1.7B | $85.2M | $3.88 | -$22.0M | 9.3% | 9.4% |
| FY2020 | $1.7B | $122.0M | $5.71 | $57.3M | 9.4% | 11.8% |
| FY2019 | $1.8B | $66.6M | $3.16 | $78.1M | 7.4% | 12.1% |
| FY2018 | $1.7B | $23.4M | $1.10 | -$31.4M | 6.5% | 6.4% |
| FY2017 | $1.5B | $29.1M | $1.32 | $34.3M | 7.6% | 8.1% |
| FY2016 | $1.4B | $29.3M | $1.39 | $69.6M | 6.1% | 9.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Koppers Holdings Inc. has demonstrated mature, steady growth, with revenue compounding at 3.2% annually over the past decade.
Koppers Holdings Inc. returns on capital have been average, hovering around 9.1% ROIC over the decade.
Koppers Holdings Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Koppers Holdings Inc. is modeled at 7.8% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $57.11 per share.