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OI

O-I GlassNYSE:OI Stock Report

Market Cap

US$2.2b

7D

-3.2%

1Y

28.6%

Updated

23 Oct, 2021

Data

Company Financials +
OI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance1/6
Financial Health2/6
Dividends0/6

OI Overview

O-I Glass, Inc., through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in the Americas, Europe, and the Asia Pacific.

O-I Glass Competitors

Price History & Performance

Summary of all time highs, changes and price drops for O-I Glass
Historical stock prices
Current Share PriceUS$14.30
52 Week HighUS$9.25
52 Week LowUS$19.46
Beta1.74
1 Month Change0.49%
3 Month Change-0.49%
1 Year Change28.60%
3 Year Change-14.01%
5 Year Change-25.95%
Change since IPO36.19%

Recent News & Updates

Oct 02
Returns On Capital At O-I Glass (NYSE:OI) Have Stalled

Returns On Capital At O-I Glass (NYSE:OI) Have Stalled

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...

Sep 20

O-I Glass Stock: Strong Free Cash Flows Are A Tremendous Help To The Balance Sheet

O-I Glass has turned the corner and is now generating strong cash flows on an underlying basis. Keep an eye on cost inflation as margins may come under pressure in H2. Despite this, the strong free cash flow results make the net debt manageable and the stock cheap. (Partially) repaying debt at maturity dates could cut the interest expenses and further boost the free cash flow.

Sep 10
Is O-I Glass (NYSE:OI) Using Too Much Debt?

Is O-I Glass (NYSE:OI) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Aug 20
Should You Investigate O-I Glass, Inc. (NYSE:OI) At US$14.26?

Should You Investigate O-I Glass, Inc. (NYSE:OI) At US$14.26?

O-I Glass, Inc. ( NYSE:OI ), might not be a large cap stock, but it received a lot of attention from a substantial...

Shareholder Returns

OIUS PackagingUS Market
7D-3.2%1.5%1.7%
1Y28.6%18.4%30.3%

Return vs Industry: OI exceeded the US Packaging industry which returned 18.4% over the past year.

Return vs Market: OI underperformed the US Market which returned 30.3% over the past year.

Price Volatility

Is OI's price volatile compared to industry and market?
OI volatility
OI Beta1.74
Industry Beta0.96
Market Beta1

Stable Share Price: OI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: OI's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
190325,000Andres Lopezhttps://www.o-i.com

O-I Glass, Inc., through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in the Americas, Europe, and the Asia Pacific. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. It is also involved in the production of glass packaging for various food items, soft drinks, tea, juices, and pharmaceuticals.

O-I Glass Fundamentals Summary

How do O-I Glass's earnings and revenue compare to its market cap?
OI fundamental statistics
Market CapUS$2.25b
Earnings (TTM)US$321.00m
Revenue (TTM)US$6.27b

7.0x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OI income statement (TTM)
RevenueUS$6.27b
Cost of RevenueUS$5.18b
Gross ProfitUS$1.09b
ExpensesUS$772.00m
EarningsUS$321.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 25, 2021

Earnings per share (EPS)2.04
Gross Margin17.42%
Net Profit Margin5.12%
Debt/Equity Ratio987.4%

How did OI perform over the long term?

See historical performance and comparison

Valuation

Is O-I Glass undervalued compared to its fair value and its price relative to the market?

7.01x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: OI ($14.3) is trading above our estimate of fair value ($2.44)

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


Price To Earnings Ratio

PE vs Industry: OI is good value based on its PE Ratio (7x) compared to the US Packaging industry average (18.9x).

PE vs Market: OI is good value based on its PE Ratio (7x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: OI is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: OI is overvalued based on its PB Ratio (5.6x) compared to the US Packaging industry average (3.4x).


Future Growth

How is O-I Glass forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

26.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OI's forecast earnings growth (26.5% per year) is above the savings rate (2%).

Earnings vs Market: OI's earnings (26.5% per year) are forecast to grow faster than the US market (14.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: OI's revenue (1.7% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: OI's revenue (1.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OI's Return on Equity is forecast to be very high in 3 years time (52.8%).


Past Performance

How has O-I Glass performed over the past 5 years?

-25.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OI has a large one-off gain of $110.0M impacting its June 30 2021 financial results.

Growing Profit Margin: OI became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: OI's earnings have declined by 25% per year over the past 5 years.

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

Earnings vs Industry: OI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Packaging industry (41%).


Return on Equity

High ROE: Whilst OI's Return on Equity (68.33%) is outstanding, this metric is skewed due to their high level of debt.


Financial Health

How is O-I Glass's financial position?


Financial Position Analysis

Short Term Liabilities: OI's short term assets ($2.4B) exceed its short term liabilities ($1.7B).

Long Term Liabilities: OI's short term assets ($2.4B) do not cover its long term liabilities ($6.7B).


Debt to Equity History and Analysis

Debt Level: OI's debt to equity ratio (987.5%) is considered high.

Reducing Debt: OI's debt to equity ratio has reduced from 1275.8% to 987.5% over the past 5 years.

Debt Coverage: OI's debt is not well covered by operating cash flow (14.8%).

Interest Coverage: OI's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet


Dividend

What is O-I Glass's current dividend yield, its reliability and sustainability?

0.45%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate OI'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 OI's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: OI is not paying a notable dividend for the US market.


Future Payout to Shareholders

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


Next Steps

Management

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

2.6yrs

Average management tenure


CEO

Andres Lopez (58 yo)

5.75yrs

Tenure

US$8,783,162

Compensation

Mr. Andres Alberto Lopez serves as the Chairman of the Board and Chief Executive Officer of Owens Illinois Group Inc. Mr. Lopez has been the Chief Executive Officer and President of O-I Glass, Inc. (former...


CEO Compensation Analysis

Compensation vs Market: Andres's total compensation ($USD8.78M) is above average for companies of similar size in the US market ($USD3.49M).

Compensation vs Earnings: Andres's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: OI's management team is considered experienced (2.6 years average tenure).


Board Members

Experienced Board: OI's board of directors are considered experienced (5.9 years average tenure).


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.


Ownership Breakdown

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


Top Shareholders

Company Information

O-I Glass, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: O-I Glass, Inc.
  • Ticker: OI
  • Exchange: NYSE
  • Founded: 1903
  • Industry: Metal and Glass Containers
  • Sector: Materials
  • Market Cap: US$2.249b
  • Shares outstanding: 157.28m
  • Website: https://www.o-i.com

Number of Employees


Location

  • O-I Glass, Inc.
  • One Michael Owens Way
  • Plaza 2
  • Perrysburg
  • Ohio
  • 43551-2999
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/23 22:25
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.