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OCI

DB:OIC
Snowflake Description

High growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OIC
DB
€5B
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

OCI N.V. produces and distributes natural gas-based fertilizers and industrial chemicals to agricultural and industrial customers. The last earnings update was 65 days ago. More info.


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  • OCI has significant price volatility in the past 3 months.
OIC Share Price and Events
7 Day Returns
1.7%
DB:OIC
-1%
DE Chemicals
-0.2%
DE Market
1 Year Returns
2.5%
DB:OIC
-20%
DE Chemicals
-10.4%
DE Market
OIC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
OCI (OIC) 1.7% -8.9% 28.5% 2.5% 78.4% -15.2%
DE Chemicals -1% -8.2% -1.6% -20% 10.9% -2.8%
DE Market -0.2% -2.1% 4.2% -10.4% 11.1% 10.6%
1 Year Return vs Industry and Market
  • OIC outperformed the Chemicals industry which returned -20% over the past year.
  • OIC outperformed the Market in Germany which returned -10.4% over the past year.
Price Volatility
OIC
Industry
5yr Volatility vs Market

Value

 Is OCI undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of OCI to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for OCI.

DB:OIC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:OIC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Chemicals Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.873 (1 + (1- 25%) (80.38%))
1.267
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.27
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.267 * 5.96%)
7.78%

Discounted Cash Flow Calculation for DB:OIC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for OCI is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:OIC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.78%)
2019 582.50 Analyst x2 540.45
2020 922.67 Analyst x3 794.25
2021 915.50 Analyst x2 731.19
2022 911.13 Est @ -0.48% 675.16
2023 908.70 Est @ -0.27% 624.75
2024 907.63 Est @ -0.12% 578.96
2025 907.50 Est @ -0.01% 537.09
2026 908.03 Est @ 0.06% 498.61
2027 909.03 Est @ 0.11% 463.12
2028 910.35 Est @ 0.14% 430.31
Present value of next 10 years cash flows $5,873.89
DB:OIC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $910.35 × (1 + 0.23%) ÷ (7.78% – 0.23%)
$12,079.98
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $12,079.98 ÷ (1 + 7.78%)10
$5,710.02
DB:OIC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $5,873.89 + $5,710.02
$11,583.91
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $11,583.91 / 210.71
$55.5
DB:OIC Discount to Share Price
Calculation Result
Exchange Rate USD/EUR
(Reporting currency to currency of ENXTAM:OCI)
0.896
Value per Share
(EUR)
= Value per Share in USD x Exchange Rate (USD/EUR)
= $54.98 x 0.896
€49.26
Non-primary Listing Adjustment Factor 1 share in DB:OIC represents 0.99051x of ENXTAM:OCI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99051x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 49.26 x 0.99051
€48.79
Value per share (EUR) From above. €48.79
Current discount Discount to share price of €24.00
= -1 x (€24.00 - €48.79) / €48.79
50.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price OCI is available for.
Intrinsic value
>50%
Share price is €24 vs Future cash flow value of €48.79
Current Discount Checks
For OCI to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • OCI's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • OCI's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for OCI's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are OCI's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:OIC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.23
ENXTAM:OCI Share Price ** ENXTAM (2019-05-17) in EUR €24.23
ENXTAM:OCI Share Price converted to USD reporting currency Exchange rate (EUR/ USD) 1.116 $27.04
Germany Chemicals Industry PE Ratio Median Figure of 17 Publicly-Listed Chemicals Companies 20.57x
Germany Market PE Ratio Median Figure of 426 Publicly-Listed Companies 20.24x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of OCI.

DB:OIC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTAM:OCI Share Price ÷ EPS (both in USD)

= 27.04 ÷ -0.23

-116.19x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • OCI is loss making, we can't compare its value to the DE Chemicals industry average.
  • OCI is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does OCI's expected growth come at a high price?
Raw Data
DB:OIC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -116.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
47.1%per year
Germany Chemicals Industry PEG Ratio Median Figure of 13 Publicly-Listed Chemicals Companies 1.88x
Germany Market PEG Ratio Median Figure of 277 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for OCI, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on OCI's assets?
Raw Data
DB:OIC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $4.81
ENXTAM:OCI Share Price * ENXTAM (2019-05-17) in EUR €24.23
ENXTAM:OCI Share Price converted to USD reporting currency Exchange rate (EUR/ USD) 1.116 $27.04
Germany Chemicals Industry PB Ratio Median Figure of 19 Publicly-Listed Chemicals Companies 1.59x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.79x
DB:OIC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTAM:OCI Share Price ÷ Book Value per Share (both in USD)

= 27.04 ÷ 4.81

5.62x

* Primary Listing of OCI.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • OCI is overvalued based on assets compared to the DE Chemicals industry average.
X
Value checks
We assess OCI's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Chemicals industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Chemicals industry average (and greater than 0)? (1 check)
  5. OCI has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is OCI expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
47.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is OCI expected to grow at an attractive rate?
  • OCI's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • OCI's earnings growth is expected to exceed the Germany market average.
  • OCI's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:OIC Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:OIC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 47.1%
DB:OIC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 6.2%
Germany Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 9.3%
Germany Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:OIC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:OIC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 3,884 1,228 622 3
2020-12-31 3,766 1,208 569 6
2019-12-31 3,528 949 434 5
DB:OIC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 3,253 672 -49
2018-09-30 2,953 501 -86
2018-06-30 2,763 353 -84
2018-03-31 2,523 300 -32
2017-12-31 2,252 182 -104
2017-09-30 2,072 66 -73
2017-06-30 1,951 85 -86
2017-03-31 1,889 180 11
2016-12-31 1,907 323 168
2016-09-30 1,963 390 18
2016-06-30 2,019 457 -133
2016-03-31 2,102 522 -189

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • OCI's earnings are expected to grow significantly at over 20% yearly.
  • OCI's revenue is expected to grow by 6.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:OIC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from OCI Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OIC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.96 3.48 2.47 3.00
2020-12-31 2.71 2.87 2.50 6.00
2019-12-31 2.07 2.18 1.93 4.00
DB:OIC Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.23
2018-09-30 -0.41
2018-06-30 -0.40
2018-03-31 -0.15
2017-12-31 -0.49
2017-09-30 -0.35
2017-06-30 -0.41
2017-03-31 0.05
2016-12-31 0.80
2016-09-30 0.08
2016-06-30 -0.63
2016-03-31 -0.91

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • OCI is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess OCI's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
OCI has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has OCI performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare OCI's growth in the last year to its industry (Chemicals).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • OCI does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare OCI's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare OCI's 1-year growth to the DE Chemicals industry average as it is not currently profitable.
Earnings and Revenue History
OCI's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from OCI Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OIC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 3,252.50 -48.70 177.60
2018-09-30 2,952.90 -86.10 168.30
2018-06-30 2,762.80 -83.50 151.70
2018-03-31 2,522.90 -31.80 146.90
2017-12-31 2,251.50 -103.60 160.90
2017-09-30 2,071.85 -72.75 172.30
2017-06-30 1,950.70 -85.60 202.10
2017-03-31 1,888.90 11.40 219.85
2016-12-31 1,906.50 167.90 224.10
2016-09-30 1,962.55 17.70 221.15
2016-06-30 2,018.60 -132.50 218.20
2016-03-31 2,102.35 -189.30 213.20
2015-12-31 2,186.10 -246.10 208.20
2015-09-30 2,361.65 121.30 207.55
2015-06-30 2,537.20 488.70 206.90
2015-03-31 2,611.50 456.75 212.00
2014-12-31 2,685.80 424.80 217.10
2014-06-30 1,522.90 284.00 125.60
2014-03-31 2,000.20 291.50 156.45
2013-12-31 2,477.50 299.00 187.30
2013-09-30 5,100.20 -869.25 364.30
2013-06-30 4,912.20 -2,033.70 352.10
2013-03-31 5,099.35 -1,960.80 352.50
2012-12-31 5,286.50 -1,887.90 352.90

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • OCI has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • OCI used its assets less efficiently than the DE Chemicals industry average last year based on Return on Assets.
  • It is difficult to establish if OCI improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess OCI's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Chemicals industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
OCI has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is OCI's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up OCI's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • OCI's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • OCI's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of OCI's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from OCI Company Filings, last reported 4 months ago.

DB:OIC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,477.10 4,580.30 460.70
2018-09-30 1,428.40 4,767.20 352.60
2018-06-30 1,520.00 4,720.00 384.30
2018-03-31 1,474.90 4,766.50 331.10
2017-12-31 1,418.90 4,677.60 231.00
2017-09-30
2017-06-30 1,668.10 4,740.50 358.50
2017-03-31 1,778.00 4,586.00 396.30
2016-12-31 1,778.00 4,586.00 396.30
2016-09-30 1,778.00 4,586.00 396.30
2016-06-30 1,832.30 4,868.40 795.90
2016-03-31 1,832.30 4,868.40 795.90
2015-12-31 1,749.80 4,902.80 805.70
2015-09-30 1,749.80 4,902.80 805.70
2015-06-30 2,075.70 4,736.60 633.90
2015-03-31 2,075.70 4,736.60 633.90
2014-12-31 2,537.80 4,981.10 877.80
2014-06-30 2,143.90 5,939.10 851.80
2014-03-31 2,143.90 5,939.10 851.80
2013-12-31 2,087.60 5,925.20 1,990.20
2013-09-30 2,087.60 6,066.10 2,266.10
2013-06-30 2,028.40 5,476.60 2,193.00
2013-03-31 2,028.40 5,476.60 2,193.00
2012-12-31 1,700.60 5,549.20 2,246.80
  • OCI's level of debt (310.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (283.8% vs 310.1% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making OCI has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making OCI has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -102% per year.
X
Financial health checks
We assess OCI's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. OCI has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is OCI's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from OCI dividends. Estimated to be 2.45% next year.
If you bought €2,000 of OCI shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate OCI's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate OCI's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:OIC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Germany Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:OIC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.71 4.00
2020-12-31 0.71 5.00
2019-12-31 0.51 3.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as OCI has not reported any payouts.
  • Unable to verify if OCI's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of OCI's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as OCI has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.5x coverage).
X
Income/ dividend checks
We assess OCI's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can OCI afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. OCI has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of OCI's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Nassef Onssy Sawiris
COMPENSATION $6,290,967
AGE 57
TENURE AS CEO 6.3 years
CEO Bio

Mr. Nassef Onssy Naguib Sawiris has been the Chief Executive Officer of OCI N.V. since January 25, 2013. Mr. Sawiris serves as Vice Chairman of BESIX Group SA. Mr. Sawiris has been an Executive Director of OCI N.V. since January 16, 2013. He joined Orascom Group in 1992 and led its investment strategies and execution in various industrial sectors and in significant geographical expansion. He is the Founder of Nile Holding Investments. He ran Orascom Telecom, Media and Technology. He served as the Chairman and Chief Executive Officer of Pakcem Limited. He has many years of experience in various industrial sectors including cement, natural gas and fertilizers. He has been the Chairman of OCI N.V. a role previously held at Orascom Construction Industries (OCI S.A.E.) where he was additionally appointed Chairman in 2009. He served as the Non-Executive Chairman of Orascom Construction Limited until June 7, 2016 and served as its Chief Executive Officer. He joined Orascom Construction Industries SA, which in 1982. He serves as Vice Chairman of BESIX Group SA. Mr. Sawiris had been a Director of LafargeHolcim Ltd. since July 10, 2015 until 2019. He serves as a Director of Nile City Investments and The Egyptian Fertilizer Co. SAE. He served as a Director of OCI GP LLC, a General Partner of OCI Partners LP since June 2013 until July 16, 2018. He had been an Independent Director of Lafarge S.A. from January 2008 to August 4, 2015. He serves as a Director of NNS Holding and its related entities. He served as a Director of Cairo and Alexandria Stock Exchange from 2004 to 2007. He served as an Independent Director of NASDAQ Dubai Limited from July 2008 to June 2010. He served as a Director of Lafarge Pakistan Cement Limited from January 9, 2007 to April 29, 2008. His other appointments include that he is a Member of the University of Chicago’s Board of Trustees since 2013, a Member of the International Advisory Board of JP Morgan since 2017, and a Member of the Board of Adidas AG since 2016. Mr. Sawiris holds a BA in Economics from the University of Chicago.

CEO Compensation
  • Nassef Onssy's compensation has increased whilst company is loss making.
  • Nassef Onssy's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the OCI management team in years:

1.6
Average Tenure
58
Average Age
  • The average tenure for the OCI management team is less than 2 years, this suggests a new team.
Management Team

Nassef Onssy Sawiris

TITLE
CEO & Executive Director
COMPENSATION
$6M
AGE
57
TENURE
6.3 yrs

Hassan Badrawi

TITLE
Group CFO & Executive Director
COMPENSATION
$2M
AGE
42
TENURE
1.6 yrs

Hans Zayed

TITLE
Director of Investor Relations

Renso Zwiers

TITLE
Chief Operating Officer - OCI Fertilizer & Chemicals Group
AGE
63

Dalia Khorshid

TITLE
Group Corporate Treasurer

Salman Butt

TITLE
COMPENSATION
$6M
AGE
59
TENURE
1.6 yrs
Board of Directors Tenure

Average tenure and age of the OCI board of directors in years:

4.9
Average Tenure
57
Average Age
  • The tenure for the OCI board of directors is about average.
Board of Directors

Michael Bennett

TITLE
Chairman
AGE
65
TENURE
6.3 yrs

Nassef Onssy Sawiris

TITLE
CEO & Executive Director
COMPENSATION
$6M
AGE
57
TENURE
6.3 yrs

Jan Alberts Wisch

TITLE
Vice-Chairman
AGE
66
TENURE
6.3 yrs

Hassan Badrawi

TITLE
Group CFO & Executive Director
COMPENSATION
$2M
AGE
42
TENURE
1 yrs

Sipko Schat

TITLE
Senior Independent Non-Executive Director
AGE
58

Robert van de Kraats

TITLE
Independent Non-Executive Director
AGE
58
TENURE
4.9 yrs

Jérôme Guiraud

TITLE
Non-Executive Director
AGE
57
TENURE
4.9 yrs

Greg Heckman

TITLE
Independent Non-Executive Director
AGE
56
TENURE
3.9 yrs

Anja Montijn-Groenewoud

TITLE
Independent Non-Executive Director
AGE
56
TENURE
2.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess OCI's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. OCI has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

OCI N.V. produces and distributes natural gas-based fertilizers and industrial chemicals to agricultural and industrial customers. It operates through Methanol US, Methanol Europe, Nitrogen US, Nitrogen Europe, and Nitrogen MENA segments. The company offers anhydrous ammonia in liquid and gaseous form, granular urea, urea ammonium nitrate solution, calcium ammonium nitrate, methanol, melamine, and diesel exhaust fluid. It also owns and operates an ammonia export terminal at the port of Rotterdam. The company has operations in Europe, the Americas, the Middle East, Africa, Asia, and Oceania. OCI N.V. is headquartered in Amsterdam, the Netherlands.

Details
Name: OCI N.V.
OIC
Exchange: DB
Founded:
€5,105,551,856
210,712,004
Website: http://www.oci.nl
Address: OCI N.V.
Honthorststraat 19,
Amsterdam,
Noord-Holland, 1071 DC,
Netherlands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTAM OCI Ordinary Shares Euronext Amsterdam NL EUR 25. Jan 2013
OTCPK OCIN.F Ordinary Shares Pink Sheets LLC US USD 25. Jan 2013
DB OIC Ordinary Shares Deutsche Boerse AG DE EUR 25. Jan 2013
LSE 0QGH Ordinary Shares London Stock Exchange GB EUR 25. Jan 2013
BATS-CHIXE OCIA Ordinary Shares BATS 'Chi-X Europe' GB EUR 25. Jan 2013
Number of employees
Current staff
Staff numbers
2,933
OCI employees.
Industry
Fertilizers and Agricultural Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/18 22:09
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/12
Last earnings filing: 2019/03/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.