OCI N.V.

LSE:0QGH Stock Report

Market Cap: €2.4b

OCI Valuation

Is 0QGH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0QGH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0QGH (€11.1) is trading above our estimate of fair value (€9.61)

Significantly Below Fair Value: 0QGH is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0QGH?

Key metric: As 0QGH is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 0QGH. This is calculated by dividing 0QGH's market cap by their current revenue.
What is 0QGH's PS Ratio?
PS Ratio1.3x
SalesUS$1.95b
Market CapUS$2.50b

Price to Sales Ratio vs Peers

How does 0QGH's PS Ratio compare to its peers?

The above table shows the PS ratio for 0QGH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.8x
JMAT Johnson Matthey
0.2x-50.4%UK£2.2b
CRDA Croda International
3x5.1%UK£4.9b
ELM Elementis
1.3x3.4%UK£779.3m
VCT Victrex
2.6x5.8%UK£751.3m
0QGH OCI
1.3x3.6%€2.4b

Price-To-Sales vs Peers: 0QGH is good value based on its Price-To-Sales Ratio (1.3x) compared to the peer average (1.8x).

Price to Sales Ratio vs Industry

How does 0QGH's PS Ratio compare vs other companies in the GB Chemicals Industry?

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
JMAT Johnson Matthey
0.2x-50.4%US$2.85b
SYNT Synthomer
0.1x5.0%US$335.05m
CAR Carclo
0.2x7.0%US$31.55m
HEIQ HeiQ
0.2xn/aUS$9.61m
0QGH 1.3xIndustry Avg. 1.3xNo. of Companies6PS01.22.43.64.86+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 0QGH is expensive based on its Price-To-Sales Ratio (1.3x) compared to the UK Chemicals industry average (1.3x).

Price to Sales Ratio vs Fair Ratio

What is 0QGH's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0QGH PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.3x
Fair PS Ratio0.6x

Price-To-Sales vs Fair Ratio: 0QGH is expensive based on its Price-To-Sales Ratio (1.3x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0QGH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€11.10
€18.26
+64.5%
46.1%€35.11€12.66n/a9
Nov ’25€10.75
€24.25
+125.5%
40.9%€35.31€12.30n/a9
Oct ’25€26.05
€31.75
+21.9%
6.0%€34.23€29.04n/a9
Sep ’25€28.83
€31.27
+8.5%
6.8%€34.19€26.18n/a12
Aug ’25€21.98
€30.75
+39.9%
11.5%€38.20€24.13n/a12
Jul ’25€22.60
€29.86
+32.1%
14.0%€37.95€21.92n/a13
Jun ’25€24.90
€29.94
+20.2%
13.8%€37.76€22.00n/a13
May ’25€25.30
€30.45
+20.4%
15.7%€38.71€22.42n/a12
Apr ’25€25.41
€30.18
+18.8%
14.9%€37.88€23.29n/a12
Mar ’25€24.25
€30.60
+26.2%
14.9%€38.29€23.54n/a12
Feb ’25€26.50
€28.57
+7.8%
17.4%€38.17€20.21n/a12
Jan ’25€26.28
€26.46
+0.7%
16.4%€37.57€19.90n/a12
Dec ’24€19.32
€26.82
+38.8%
16.5%€37.89€20.04n/a12
Nov ’24€21.77
€30.33
+39.3%
17.3%€42.08€23.92€10.7512
Oct ’24€26.42
€31.16
+17.9%
15.9%€42.10€24.85€26.0512
Sep ’24€23.47
€30.99
+32.0%
21.5%€47.21€24.19€28.8313
Aug ’24€25.82
€29.83
+15.5%
21.0%€46.70€23.03€21.9812
Jul ’24€22.17
€31.92
+44.0%
21.0%€46.19€25.12€22.6012
Jun ’24€20.49
€33.26
+62.3%
19.9%€46.79€25.45€24.9012
May ’24€23.52
€35.03
+48.9%
17.1%€45.76€24.74€25.3011
Apr ’24€31.27
€36.44
+16.6%
13.9%€46.74€29.80€25.4111
Mar ’24€31.11
€36.98
+18.9%
11.8%€43.70€30.03€24.2510
Feb ’24€31.25
€39.37
+26.0%
8.8%€45.96€32.84€26.5010
Jan ’24€33.66
€42.25
+25.5%
9.3%€48.13€33.26€26.2810
Dec ’23€39.94
€43.84
+9.8%
9.0%€49.80€34.41€19.3210
Nov ’23€38.50
€44.83
+16.4%
9.5%€52.05€35.97€21.7710

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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