Olin Corporation
boothcheck covers Olin Corporation (OLN) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed June 27, 2026.
Olin is a deep-cyclical chemical producer caught at a trough. Trailing operating margin is negative, about minus 1.7%, while the through-cycle margin runs closer to 9.7%. The price reads as a bet on reversion to that mid-cycle level, not on the current depressed earnings. The price is supported by earnings-power and peer-multiple value, with asset and growth-DCF methods saying expensive. To justify $22 the business needs an operating margin near 5.9%, well below its own normalized 9.7% but well
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400 institutional managers reported holding OLN in 13F filings for the quarter ended 2026-03-31. 95 opened new positions that quarter. Held by BlackRock, Vanguard Group, Dimensional Fund Advisors, among others. On the short side, 15.2M shares were sold short as of the 2026-06-15 count, about 13% of shares outstanding (8.1 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
OLN has cut its share count 28.8% over the past five years, spending $2.66B on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting); the current rate is $0.80 a share annually. Cash returned over the past three years: $257.80M in dividends and $669.10M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at OLN over the trailing three years: 2025: 2 buys totaling $577k. 13 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
OLN's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-29 | +4.4% | -13.8% |
| 2023-10-28 | -6.3% | +28.1% |
| 2024-02-23 | +2.3% | +1.7% |
| 2024-04-27 | +0.8% | -11.8% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
OLN's latest 8-K filings: 2026-08-11 (items 7.01, 9.01); 2026-07-30 (items 2.02, 9.01); 2026-06-16 (items 1.01, 8.01, 9.01); 2026-06-16 (items 7.01, 9.01); 2026-05-07 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.