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OEC
Orion S.A.·Specialty Chemicals·Luxembourg
Orion S.A., together with its subsidiaries, engages in the manufacture and sale of carbon black products. The company operates in two segments, Specialty Carbon Black and Rubber Carbon Black. It offer...
1 Total1 External0 In-site
OECOrion S.A.
2026-02-19⛏️ Basic MaterialsPitch
Externalby Unemployed Value Degen · Substack
Unemployed Value Degen on Orion S.A. (OEC)
主要经营地
Senningerberg（卢森堡）
详细的生意模式
炭黑（轮胎用+特种）；特种炭黑用于涂料/半导体等
护城河
特种产品客户认证与工艺壁垒；轮胎炭黑偏周期与合同滞后
估值水平
FCF/EV=7.0%；EV/EBITDA=5.6x；P/E=-5.2x
EV/Market Cap
3.85x
网络观点
🟡 2025受合同滞后拖累，未来重签可能抬升利润；结构升级至高纯特种
AI的观点
✅周期底部+结构升级框架
✅核对：合同重签机制/时间、特种扩产、原料价格传导
⚠️高EV/MarketCap显示杠杆重，周期下行抗风险弱
作者简介
专业❌否；顶级❌否；13F❌否；回报17.7% (123 trades)；@SFarringtonBKC