We started the process of determining a valid price forecast for Ocean Bio Chem Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Ocean Bio Chem Inc ranked in the 37th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. In terms of the factors that were most noteworthy in this DCF analysis for OBCI, they are:
The business' balance sheet suggests that 3% of the company's capital is sourced from debt; this is greater than just 10.86% of the free cash flow producing stocks we're observing.
The company's cost of debt, derived from its interest coverage, tax rate, and market capitalization, is greater than just 0% of stocks in its sector (Industrials).
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
CVA, RRD, CECE, CW, and NSP can be thought of as valuation peers to OBCI, in the sense that they are in the Industrials sector and have a similar price forecast based on DCF valuation.
Ocean Bio-Chem (OBCI) has found strength amid the pandemic as a supplier of marine, RV, auto, power sports and home care markets - it offers products such as waxes, cleaners, fuel agents, and disinfectants. Ocean also posted some record numbers for sales and net income, but even so, it doesn't...
Damien Robbins on Seeking Alpha | September 8, 2020
Ocean Bio-Chem (OBCI) had declared $0.02/share quarterly dividend, in line with previous.Payable Sept. 23; for shareholders of record Sept. 9; ex-div Sept. 8.See OBCI Dividend Scorecard, Yield Chart, & Dividend Growth....
Ocean Bio-Chem, Inc. (NASDAQ: OBCI) announced today record net sales for the second quarter and the first six months of 2020. For the second quarter of 2020, net sales were approximately $15.7 million, compared to approximately $10.9 million for the second quarter of 2019, an increase of approximately 44% or $4.8 million. For the first six months of 2020, net sales were approximately $23.5 million, compared to approximately $20.0 million for the first six months of 2019, an increase of approximately 18% or $3.5 million.
Ocean Bio-Chem, Inc. (NASDAQ: OBCI), is pleased to announce the Board of Directors unanimously voted to declare a regular annual dividend of $0.08 per share of common stock, payable quarterly at $0.02 per share.