Does ORION S.A. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores ORION S.A. (OEC) 44.4 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 37, returns on capital 48, balance-sheet safety 40, capital discipline 55.

Is OEC stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $20.48 per share versus a recent price of $6.85 — 67% below value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has OEC's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 44.4 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

ORION S.A.

OEC · Materials · $384.7M mkt cap · FY2025 filings · Shallow moat ·

On the watchlist

Shallow moat

The four filters

Pricing power37

Median gross margin 25.0% over 9y, stable.

Returns on capital48

Median ROIC 10.6%, above the 9% hurdle in 67% of years.

Balance-sheet safety40

Net debt/EBITDA 5.8x, no material interest expense disclosed.

Capital discipline55

Owner earnings trend unclear, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

67% below value

Owner earnings (normalized): $103.5M
Est. intrinsic value / share: $20.48
Recent price: $6.85
Discount to value: 67% below value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Fundamentals

There's no normalized fundamentals series for OEC yet — it appears once ingest has processed its filings.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale44.4 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — OEC has read Shallow moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Materials context

#86 of 214 scored Materials companies, ranked by Moat Score.

Nearest peers by Moat Score

#84SON SONOCO PRODUCTS CO45.0 out of 100, Shallow moatShallow moat
#85CDXS Codexis, Inc.44.8 out of 100, Shallow moatShallow moat
#87APOG APOGEE ENTERPRISES, INC.44.1 out of 100, Shallow moatShallow moat
#88NOG NORTHERN OIL & GAS, INC.44.0 out of 100, Shallow moatShallow moat

Compare OEC with its nearest peers →All Materials companies on the Index →

Common questions about OEC

Does ORION S.A. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores ORION S.A. (OEC) 44.4 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 37, returns on capital 48, balance-sheet safety 40, capital discipline 55.
Is OEC stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $20.48 per share versus a recent price of $6.85 — 67% below value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has OEC's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 44.4 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell OEC. See the disclaimer.