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OCI

OCIENXTAM:OCI Stock Report

Market Cap

€5.2b

7D

-2.3%

1Y

133.6%

Updated

22 Oct, 2021

Data

Company Financials +
OCI fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance3/6
Financial Health3/6
Dividends0/6

OCI Overview

OCI N.V. produces and distributes natural gas-based products and industrial chemicals to agricultural, transportation, and industrial customers.

OCI Competitors

Price History & Performance

Summary of all time highs, changes and price drops for OCI
Historical stock prices
Current Share Price€25.02
52 Week High€9.93
52 Week Low€26.18
Beta1.65
1 Month Change6.20%
3 Month Change21.46%
1 Year Change133.61%
3 Year Change4.25%
5 Year Change93.95%
Change since IPO-14.56%

Recent News & Updates

Oct 17
OCI (AMS:OCI) Has A Pretty Healthy Balance Sheet

OCI (AMS:OCI) Has A Pretty Healthy Balance Sheet

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Sep 28
Is OCI N.V. (AMS:OCI) Trading At A 41% Discount?

Is OCI N.V. (AMS:OCI) Trading At A 41% Discount?

In this article we are going to estimate the intrinsic value of OCI N.V. ( AMS:OCI ) by estimating the company's future...

Aug 09
The Strong Earnings Posted By OCI (AMS:OCI) Are A Good Indication Of The Strength Of The Business

The Strong Earnings Posted By OCI (AMS:OCI) Are A Good Indication Of The Strength Of The Business

Even though OCI N.V.'s ( AMS:OCI ) recent earnings release was robust, the market didn't seem to notice. Investors are...

Jul 10
Is OCI (AMS:OCI) A Risky Investment?

Is OCI (AMS:OCI) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

OCINL ChemicalsNL Market
7D-2.3%1.2%1.8%
1Y133.6%28.2%41.2%

Return vs Industry: OCI exceeded the Dutch Chemicals industry which returned 26% over the past year.

Return vs Market: OCI exceeded the Dutch Market which returned 39.8% over the past year.

Price Volatility

Is OCI's price volatile compared to industry and market?
OCI volatility
OCI Beta1.65
Industry Beta0.78
Market Beta1

Stable Share Price: OCI is not significantly more volatile than the rest of Dutch stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: OCI's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20133,642Ahmed El-Hoshyhttps://www.oci.nl

OCI N.V. produces and distributes natural gas-based products and industrial chemicals to agricultural, transportation, and industrial customers. It operates through Methanol US, Methanol Europe, Nitrogen US, Nitrogen Europe, and Fertiglobe segments. The company offers anhydrous ammonia, granular urea, urea ammonium nitrate solution, calcium ammonium nitrate, ammonium sulphate, nitrogen exacote, nitrogen argon, aqueous ammonia, nitric acid, urea solution, bio-methanol, methanol, melamine, and diesel exhaust fluid, as well as and other nitrogen products.

OCI Fundamentals Summary

How do OCI's earnings and revenue compare to its market cap?
OCI fundamental statistics
Market CapUS$6.10b
Earnings (TTM)US$151.00m
Revenue (TTM)US$4.37b

40.4x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OCI income statement (TTM)
RevenueUS$4.37b
Cost of RevenueUS$3.42b
Gross ProfitUS$953.10m
ExpensesUS$802.10m
EarningsUS$151.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.72
Gross Margin21.81%
Net Profit Margin3.45%
Debt/Equity Ratio140.4%

How did OCI perform over the long term?

See historical performance and comparison

Valuation

Is OCI undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: OCI (€25.02) is trading below our estimate of fair value (€61.7)

Significantly Below Fair Value: OCI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: OCI is poor value based on its PE Ratio (40.4x) compared to the Dutch Chemicals industry average (20.2x).

PE vs Market: OCI is poor value based on its PE Ratio (40.4x) compared to the Dutch market (21.6x).


Price to Earnings Growth Ratio

PEG Ratio: OCI is poor value based on its PEG Ratio (17.6x)


Price to Book Ratio

PB vs Industry: OCI is overvalued based on its PB Ratio (4.5x) compared to the NL Chemicals industry average (3.4x).


Future Growth

How is OCI forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

2.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OCI's forecast earnings growth (2.3% per year) is above the savings rate (0.09%).

Earnings vs Market: OCI's earnings (2.3% per year) are forecast to grow slower than the Dutch market (10.5% per year).

High Growth Earnings: OCI's earnings are forecast to grow, but not significantly.

Revenue vs Market: OCI's revenue is expected to decline over the next 3 years (-0.9% per year).

High Growth Revenue: OCI's revenue is forecast to decline over the next 3 years (-0.9% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OCI's Return on Equity is forecast to be high in 3 years time (23.3%)


Past Performance

How has OCI performed over the past 5 years?

-23.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OCI has high quality earnings.

Growing Profit Margin: OCI became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: OCI has become profitable over the past 5 years, growing earnings by -23.4% per year.

Accelerating Growth: OCI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: OCI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Chemicals industry (67.1%).


Return on Equity

High ROE: OCI's Return on Equity (13.5%) is considered low.


Financial Health

How is OCI's financial position?


Financial Position Analysis

Short Term Liabilities: OCI's short term assets ($1.9B) exceed its short term liabilities ($1.7B).

Long Term Liabilities: OCI's short term assets ($1.9B) do not cover its long term liabilities ($4.6B).


Debt to Equity History and Analysis

Debt Level: OCI's debt to equity ratio (140.4%) is considered high.

Reducing Debt: OCI's debt to equity ratio has reduced from 265.6% to 140.4% over the past 5 years.

Debt Coverage: OCI's debt is well covered by operating cash flow (30.1%).

Interest Coverage: OCI's interest payments on its debt are not well covered by EBIT (2.2x coverage).


Balance Sheet


Dividend

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

1.06%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate OCI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate OCI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if OCI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if OCI's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of OCI's dividend in 3 years as they are not forecast to pay a notable one for the Dutch market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.0yrs

Average management tenure


CEO

Ahmed El-Hoshy (37 yo)

1.17yrs

Tenure

US$3,432,976

Compensation

Mr. Ahmed K. El-Hoshy has been the Chief Executive Officer of OCI N.V. since August 2020 and has been its Executive Director since June 17, 2020. Mr. El-Hoshy serves as Chief Executive Officer since 2021 a...


CEO Compensation Analysis

Compensation vs Market: Ahmed's total compensation ($USD3.43M) is above average for companies of similar size in the Dutch market ($USD2.04M).

Compensation vs Earnings: Insufficient data to compare Ahmed's compensation with company performance.


Leadership Team

Experienced Management: OCI's management team is considered experienced (4 years average tenure).


Board Members

Experienced Board: OCI's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

OCI N.V.'s employee growth, exchange listings and data sources


Key Information

  • Name: OCI N.V.
  • Ticker: OCI
  • Exchange: ENXTAM
  • Founded: 2013
  • Industry: Fertilizers and Agricultural Chemicals
  • Sector: Materials
  • Market Cap: €5.248b
  • Shares outstanding: 209.74m
  • Website: https://www.oci.nl

Number of Employees


Location

  • OCI N.V.
  • Honthorststraat 19
  • Amsterdam
  • Noord-Holland
  • 1071 DC
  • Netherlands

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 21:05
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.