<h2>为什么 Olin 再次引起价值投资者的关注</h2>
<p>Olin (OLN) 今年股价下滑近 40%，但收入和净利润仍在增长。这迫使投资者重新思考近期股价下跌是否过于严重。</p>
<p>查看我们对 Olin 的最新分析。</p>
<p>最新的股价下滑使 Olin 的交易价格约为 20.44 美元，年初至今股价下降约 39%，一年期总股东回报损失更是接近 48%。这表明尽管盈利改善，市场情绪却有所减弱。</p>
<p>如果这种重置让你想知道还有哪些价值和动量可能在汇聚，现在可能是探索高内部持股的快速增长股票的好时机。</p>
<p>随着盈利持续增长，股价相对于一些估值预期大幅折扣，投资者面临一个熟悉的困境：Olin 真的被低估了吗，还是市场已经在定价适度的未来增长？</p>
<h2>最受欢迎的叙述：17.4% 被低估</h2>
<p>在最受关注的叙述中，Olin 的公允价值明显高于最近的 20.44 收盘价，这一差距依赖于一个特定的盈利转型故事。</p>
<blockquote>
<p><em>结构性成本降低举措（Beyond250 和环氧树脂成本优化）预计将在 2025 年底前带来 7000 万至 9000 万美元的运营节省，并在 2026 年从德国 Stade 工厂获得额外的结构性成本降低，这将改善净利润率并提升盈利质量。</em></p>
</blockquote>
<p>阅读完整的叙述。</p>
<p>好奇温和的收入增长、急剧上升的利润率和低于典型的盈利倍数如何结合成这一上行案例，完整的叙述揭示了这一估值转变背后的数学。</p>
<p><strong>结果：公允价值为 24.73 美元（被低估）</strong></p>
<p>完整阅读叙述，了解预测背后的原因。</p>
<p>然而，关键化学品的持续全球产能过剩或温彻斯特弹药利润率的长期疲软可能迅速削弱今天乐观的估值故事。</p>
<p>了解 Olin 叙述的关键风险。</p>
<h2>估值的另一种角度</h2>
<p>远离叙述，Olin 在盈利方面突然显得昂贵。其市盈率约为 43.5 倍，远高于美国化工行业的近 23 倍和公允比率接近 35.9 倍，增加了任何盈利波动对股价造成重大影响的风险。</p>
<p>查看数字对这一价格的看法——在我们的估值分析中了解更多。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/9dec6b87-7eba-4715-8fbf-57ff07441b72/chart/pe-multiple-vs-industry?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/9dec6b87-7eba-4715-8fbf-57ff07441b72/chart/pe-multiple-vs-industry"/></p>
<p>NYSE:OLN 截至 2025 年 12 月的市盈率</p>
<h2>构建你自己的 Olin 叙述</h2>
<p>如果你对这个故事有不同的看法或想自己深入研究数字，可以在几分钟内构建一个自定义视图：按你的方式进行。</p>
<p>你对 Olin 研究的一个很好的起点是我们的分析，强调 2 个关键奖励和 4 个重要警示信号，这些可能会影响你的投资决策。</p>
<h2>寻找更多投资想法？</h2>
<p>在市场不再等你之前，使用 Simply Wall Street 筛选器发现符合你策略的新机会，让你的投资组合保持领先。</p>
<ul>
<li>通过瞄准这些 908 只基于现金流的被低估股票，捕捉潜在的便宜机会，这些公司交易价格低于内在价值，现金流强度量身定制。</li>
<li>通过筛选在机器学习前沿的创新企业，利用 AI 革命，关注这 26 只 AI 便士股票。</li>
<li>通过关注提供吸引人收益的公司，建立更稳定的收入流，以这 15 只收益率 &gt; 3% 的股息股票作为起点。</li>
</ul>
<p><em>本文由 Simply Wall St 撰写，内容具有一般性。<strong>我们提供基于历史数据和分析师预测的评论，仅使用无偏见的方法，我们的文章并不构成财务建议。</strong> 它不构成买入或卖出任何股票的推荐，也不考虑你的目标或财务状况。我们的目标是为你提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>

<p>Olin (OLN) 的股价今年已下跌近 40%，促使投资者重新评估其估值。尽管收入和净利润持续增长，但该股票的交易价格却大幅折扣，暗示其可能被低估。预计结构性成本降低将改善利润率，但风险包括全球化学品的产能过剩和弹药利润率疲软。与行业标准相比，市盈率较高，引发了对潜在盈利波动的担忧。投资者被鼓励探索被低估的股票，并建立定制的投资叙事</p>

<h2>Why Olin Is Back on Value Investors Radar</h2>
<div class="lb-trans"><h2>为什么 Olin 再次引起价值投资者的关注</h2>
</div><p>Olin (OLN) has slid nearly 40% this year, yet revenue and net income are still growing. This is forcing investors to rethink whether the recent share price drop has gone too far.</p>
<div class="lb-trans"><p>Olin (OLN) 今年股价下滑近 40%，但收入和净利润仍在增长。这迫使投资者重新思考近期股价下跌是否过于严重。</p>
</div><p>See our latest analysis for Olin.</p>
<div class="lb-trans"><p>查看我们对 Olin 的最新分析。</p>
</div><p>The latest slide leaves Olin trading around $20.44, capping a roughly 39% year to date share price decline and an even steeper one year total shareholder return loss near 48%. This suggests sentiment has weakened despite improving earnings.</p>
<div class="lb-trans"><p>最新的股价下滑使 Olin 的交易价格约为 20.44 美元，年初至今股价下降约 39%，一年期总股东回报损失更是接近 48%。这表明尽管盈利改善，市场情绪却有所减弱。</p>
</div><p>If this kind of reset has you wondering where else value and momentum might be lining up, it could be a good moment to explore fast growing stocks with high insider ownership.</p>
<div class="lb-trans"><p>如果这种重置让你想知道还有哪些价值和动量可能在汇聚，现在可能是探索高内部持股的快速增长股票的好时机。</p>
</div><p>With earnings still climbing and shares trading at a steep discount to some valuation estimates, investors face a familiar dilemma: is Olin genuinely undervalued here, or is the market already pricing in modest future growth?</p>
<div class="lb-trans"><p>随着盈利持续增长，股价相对于一些估值预期大幅折扣，投资者面临一个熟悉的困境：Olin 真的被低估了吗，还是市场已经在定价适度的未来增长？</p>
</div><h2>Most Popular Narrative Narrative: 17.4% Undervalued</h2>
<div class="lb-trans"><h2>最受欢迎的叙述：17.4% 被低估</h2>
</div><p>With the most followed narrative placing Olin’s fair value meaningfully above the recent 20.44 close, the gap hinges on a specific earnings transformation story.</p>
<div class="lb-trans"><p>在最受关注的叙述中，Olin 的公允价值明显高于最近的 20.44 收盘价，这一差距依赖于一个特定的盈利转型故事。</p>
</div><blockquote>
<p><em>Structural cost reduction initiatives (Beyond250 and Epoxy cost optimization) are expected to deliver significant operational savings, yielding an estimated $70-90 million run rate benefit by the end of 2025 and additional structural cost reductions from the Stade, Germany facility in 2026, this should improve net margins and boost earnings quality.</em></p>
</blockquote>
<div class="lb-trans"><blockquote>
<p><em>结构性成本降低举措（Beyond250 和环氧树脂成本优化）预计将在 2025 年底前带来 7000 万至 9000 万美元的运营节省，并在 2026 年从德国 Stade 工厂获得额外的结构性成本降低，这将改善净利润率并提升盈利质量。</em></p>
</blockquote>
</div><p>Read the complete narrative.</p>
<div class="lb-trans"><p>阅读完整的叙述。</p>
</div><p>Curious how modest revenue growth, sharply rising margins and a lower than typical earnings multiple combine into that upside case, the full narrative unpacks the math behind this valuation shift.</p>
<div class="lb-trans"><p>好奇温和的收入增长、急剧上升的利润率和低于典型的盈利倍数如何结合成这一上行案例，完整的叙述揭示了这一估值转变背后的数学。</p>
</div><p><strong>Result: Fair Value of $24.73 (UNDERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：公允价值为 24.73 美元（被低估）</strong></p>
</div><p>Have a read of the narrative in full and understand what's behind the forecasts.</p>
<div class="lb-trans"><p>完整阅读叙述，了解预测背后的原因。</p>
</div><p>However, sustained global overcapacity in key chemicals or prolonged weakness in Winchester ammunition margins could quickly undermine today’s upbeat valuation story.</p>
<div class="lb-trans"><p>然而，关键化学品的持续全球产能过剩或温彻斯特弹药利润率的长期疲软可能迅速削弱今天乐观的估值故事。</p>
</div><p>Find out about the key risks to this Olin narrative.</p>
<div class="lb-trans"><p>了解 Olin 叙述的关键风险。</p>
</div><h2>Another Angle on Valuation</h2>
<div class="lb-trans"><h2>估值的另一种角度</h2>
</div><p>Step away from narratives and Olin suddenly looks pricey on earnings. Its price to earnings ratio around 43.5 times sits well above both the US Chemicals industry near 23 times and a fair ratio closer to 35.9 times, raising the risk that any earnings wobble hits the share price hard.</p>
<div class="lb-trans"><p>远离叙述，Olin 在盈利方面突然显得昂贵。其市盈率约为 43.5 倍，远高于美国化工行业的近 23 倍和公允比率接近 35.9 倍，增加了任何盈利波动对股价造成重大影响的风险。</p>
</div><p>See what the numbers say about this price — find out in our valuation breakdown.</p>
<div class="lb-trans"><p>查看数字对这一价格的看法——在我们的估值分析中了解更多。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/9dec6b87-7eba-4715-8fbf-57ff07441b72/chart/pe-multiple-vs-industry" alt="" original-src="https://images.simplywall.st/company/9dec6b87-7eba-4715-8fbf-57ff07441b72/chart/pe-multiple-vs-industry"/></p>
<p>NYSE:OLN PE Ratio as at Dec 2025</p>
<div class="lb-trans"><p>NYSE:OLN 截至 2025 年 12 月的市盈率</p>
</div><h2>Build Your Own Olin Narrative</h2>
<div class="lb-trans"><h2>构建你自己的 Olin 叙述</h2>
</div><p>If you see the story differently or want to dig into the numbers yourself, you can build a custom view in minutes: Do it your way.</p>
<div class="lb-trans"><p>如果你对这个故事有不同的看法或想自己深入研究数字，可以在几分钟内构建一个自定义视图：按你的方式进行。</p>
</div><p>A great starting point for your Olin research is our analysis highlighting 2 key rewards and 4 important warning signs that could impact your investment decision.</p>
<div class="lb-trans"><p>你对 Olin 研究的一个很好的起点是我们的分析，强调 2 个关键奖励和 4 个重要警示信号，这些可能会影响你的投资决策。</p>
</div><h2>Looking for more investment ideas?</h2>
<div class="lb-trans"><h2>寻找更多投资想法？</h2>
</div><p>Before markets move on without you, use the Simply Wall Street Screener to spot fresh opportunities that match your strategy and keep your portfolio ahead of the curve.</p>
<div class="lb-trans"><p>在市场不再等你之前，使用 Simply Wall Street 筛选器发现符合你策略的新机会，让你的投资组合保持领先。</p>
</div><ul>
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</ul>
<div class="lb-trans"><ul>
<li>通过瞄准这些 908 只基于现金流的被低估股票，捕捉潜在的便宜机会，这些公司交易价格低于内在价值，现金流强度量身定制。</li>
<li>通过筛选在机器学习前沿的创新企业，利用 AI 革命，关注这 26 只 AI 便士股票。</li>
<li>通过关注提供吸引人收益的公司，建立更稳定的收入流，以这 15 只收益率 &gt; 3% 的股息股票作为起点。</li>
</ul>
</div><p><em>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</em></p>
<div class="lb-trans"><p><em>本文由 Simply Wall St 撰写，内容具有一般性。<strong>我们提供基于历史数据和分析师预测的评论，仅使用无偏见的方法，我们的文章并不构成财务建议。</strong> 它不构成买入或卖出任何股票的推荐，也不考虑你的目标或财务状况。我们的目标是为你提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>
</div>

OLIN (OLN)：在今年股价大幅下滑后重新评估其估值