Origin Materials, headquartered in West Sacramento, is the world’s leading carbon-negative materials company.
Origin’s mission is to enable the world’s transition to sustainable materials.
Over the past 10 years, Origin has developed a platform to transform the carbon from low-cost, abundant, non-food biomass, such as sustainable wood residue, into useful materials while capturing carbon in the process.
Origin’s patented technology platform can help revolutionize a wide range of end products, including clothing, textiles, plastics, packaging, automotive parts, tires, carpets, toys, and much more, in an addressable market of approximately $1 trillion.
Furthermore, Origin’s technology platform is expected to provide stable pricing largely decoupled from the petroleum supply chain, which is more exposed to volatility than supply chains based on sustainable wood residues. Origin’s patented drop-in core technology, economics, and carbon footprint support a growing list of major global customers and investors.
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Origin Materials, Inc. (Nasdaq: ORGN) recently went public through a SPAC merger
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The company produces a carbon-negative plastic alternative for bottles, clothing, and asphalt
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Origin recently reported that its order backlog tripled in recent months to $3.5 billion
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New partners include Ford Motor Company, Primaloft (works with Nike, Adidas, and LL Bean)
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Origin attracted professionals from blue-chip energy companies ExxonMobil, BP Amoco
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The company has sufficient equity to achieve profitability, so no dilution will occur
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CEO Rich Riley bought 40,000 shares; Board Director Boon Sim bought 50,000 shares; Board Director Charles Drucker recently bought 750,000 shares
Origin has a promising future of growth, supported by firm orders from large corporations to achieve sustainability goals. Some major customers are also large investors, such as Danone SA, Nestlé SA, and PepsiCo, Inc.
Earlier in August, the company announced that its order backlog had swelled to $3.5 billion from $1 billion in February. New partnerships include Ford, Mitsubishi Gas Chemical, Solvay, and Primloft, which works with major apparel manufacturers LL Bean, Nike, and Adidas. Importantly, new orders serve an increasingly diverse set of needs: Customers are not only consumer product companies but also end markets in apparel, automotive, and industrial products.
In addition, the company’s production ramp-up is perfectly on track. Its first plant, Origin 1, will be completed by the end of next year, and Origin 2 in 2025. The company has partnered with major engineering firms such as Koch Modular Process Systems and Worley.
Origin’s technology is proven and ready for deployment. The company uses a highly carbon-efficient chemocatalytic process that allows it to capture most of the carbon in its feedstocks (very cheap commodities such as cardboard packaging and wood residues).
This process should not be confused with other technologies such as gasification or fermentation. These technologies lose a significant portion of the carbon in the raw materials, leading to poorer yields and economics.
The company’s balance sheet is stable, with $471 million in cash. This is enough to sustain the company to profitability without additional capital raises, so investors should not worry about dilution.
Origin also has top professionals at all levels of the organization. Founder and CEO Jon Bissell has overseen the business since 2008, after completing a degree in chemical engineering at the University of California, Davis. CEO Rich Riley also brings serious leadership credentials to the table, having served as CEO of music recognition technology company Shazam Entertainment, which was sold to Apple in 2018 for $400 million under his leadership.
In terms of valuation, Origin looks downright cheap. The company’s enterprise value, adjusted for cash, is only about $280 million, or 1x 2026 EBITDA.
What is a fair price? Other innovators, such as Tesla, trade north of 20x 2026 EBITDA. Another analogy is the Finnish biodiesel company Neste Oyj, which produces renewable diesel from waste materials. The stock, listed in Helsinki, was once worth a few euros, but is now almost 50 euros with a market capitalization of 37 billion euros ($43 billion).
These comparisons suggest that the stock could eventually be worth over $100 if the company performs as expected. While this price may seem high, some have made a case for Origin being worth more. Craig-Hallum analyst Eric Stine said in a recent memo that his bull case is $107 per share, “given the demand outlook and value proposition that does not require changes from plastics/materials suppliers or consumers.”
Investors presentation.
https://investors.originmaterials.com/static-files/4855db5f-03cf-4976-8a4f-75e683f16dbb
Some videos:
And finally 
Craig-Hallum gave a $22 target.
This is an introduction to this company. Hope it helps someone. 
. If they’re that good at predicting the future, shouldn’t they just play the lottery instead of building a company 
