Orion S.A. (OEC) intrinsic value & 10-year financials
Orion S.A. (OEC) has a Graham intrinsic value of $10.71 per share. At $5.34 on Oct 17, 2026, the stock trades 50% below that value. Over the last 10 fiscal years revenue grew 3.9% a year to $1.8B, with an average return on invested capital of 24.6%.
- Graham intrinsic value
- $10.71
- Share price (Oct 17, 2026)
- $5.34
- Price vs Graham value
- 50% below
- Market cap
- $300.8M
- Revenue (FY2025)
- $1.8B
- Revenue growth (10-yr CAGR)
- 3.9%
- ROIC (10-yr avg)
- 24.6%
- Free cash flow (FY2025)
- $54.8M
OEC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.8B | -$70.1M | -$1.24 | $54.8M | 1.5% | 1.9% |
| FY2024 | $1.9B | $44.2M | $0.76 | -$81.4M | 5.5% | 6.0% |
| FY2023 | $1.9B | $103.5M | $1.73 | $173.1M | 10.8% | 9.4% |
| FY2022 | $2.0B | $106.2M | $1.73 | -$151.8M | 9.7% | 10.6% |
| FY2021 | $1.5B | $134.7M | $2.21 | -$69.5M | 14.8% | 15.6% |
| FY2020 | $1.1B | $18.2M | $0.30 | -$13.5M | 6.5% | 5.6% |
| FY2019 | $1.5B | $86.9M | $1.42 | $72.8M | 10.0% | 13.2% |
| FY2018 | $1.6B | $121.3M | $1.99 | $10.9M | 12.4% | 18.0% |
| FY2017 | $1.3B | $64.9M | $1.07 | $48.8M | 10.4% | 140.9% |
| FY2016 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Orion S.A. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Orion S.A. has earned high returns on invested capital, averaging 24.6% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Orion S.A. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Orion S.A. is modeled at 3.9% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $10.71 per share.