Financials OCI N.V.

Equities

OCI

NL0010558797

Agricultural Chemicals

Market Closed - Euronext Amsterdam 11:35:21 2024-02-23 am EST 5-day change 1st Jan Change
25.1 EUR +0.16% Intraday chart for OCI N.V. -5.21% -4.34%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 4,270 4,400 4,024 5,490 7,522 5,728 5,728 -
Enterprise Value (EV) 1 8,389 8,462 7,754 7,710 8,680 9,850 9,652 9,158
P/E ratio -87.6 x -13.2 x -22.7 x 9.68 x 6.11 x -15.6 x 50.3 x 14.1 x
Yield - - - 5.54% 19.7% 6.39% 6.63% 5.87%
Capitalization / Revenue 1.31 x 1.45 x 1.16 x 0.87 x 0.77 x 1.22 x 1 x 0.98 x
EV / Revenue 2.58 x 2.79 x 2.23 x 1.22 x 0.89 x 1.96 x 1.68 x 1.57 x
EV / EBITDA 9.03 x 11.3 x 8.92 x 3.05 x 2.23 x 8.11 x 6.36 x 4.84 x
EV / FCF 22.2 x 226 x 21.8 x 3.82 x 2.94 x 18.1 x 27.2 x 18.2 x
FCF Yield 4.51% 0.44% 4.58% 26.2% 34% 5.54% 3.68% 5.5%
Price to Book 4.24 x 3.24 x 3.56 x 2.75 x - 4.28 x 5.84 x 5.93 x
Nbr of stocks (in thousands) 209,087 209,296 209,584 209,744 210,305 210,943 210,943 -
Reference price 2 20.42 21.02 19.20 26.17 35.77 27.16 27.16 27.16
Announcement Date 2/25/19 2/25/20 2/25/21 2/14/22 2/14/23 2/14/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 3,252 3,032 3,474 6,319 9,713 5,022 5,734 5,828
EBITDA 1 929.2 748.4 869.8 2,526 3,891 1,214 1,518 1,894
EBIT 1 504.3 105 187 1,563 3,291 595.2 796.9 1,070
Operating Margin 15.5% 3.46% 5.38% 24.73% 33.88% 11.85% 13.9% 18.35%
Earnings before Tax (EBT) 1 108.9 -278.5 -49.6 1,296 2,840 2.4 557 771.1
Net income 1 -48.7 -334.7 -177.7 570.5 1,237 -392 212 395.5
Net margin -1.5% -11.04% -5.11% 9.03% 12.74% -7.81% 3.7% 6.79%
EPS 2 -0.2330 -1.598 -0.8470 2.703 5.849 -1.861 0.5400 1.924
Free Cash Flow 1 378.6 37.5 355.2 2,016 2,955 509 355 503.5
FCF margin 11.64% 1.24% 10.22% 31.91% 30.42% 9.8% 6.19% 8.64%
FCF Conversion (EBITDA) 40.74% 5.01% 40.84% 79.81% 75.93% 41.2% 23.39% 26.59%
FCF Conversion (Net income) - - - 353.43% 238.77% - 167.46% 127.29%
Dividend per Share 2 - - - 1.450 7.050 1.735 1.800 1.593
Announcement Date 2/25/19 2/25/20 2/25/21 2/14/22 2/14/23 2/14/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 1,463 1,537 2,199 2,328 2,858 5,186 2,330 2,197 1,371 1,372 1,069 1,209 1,244 1,515 1,515 1,585
EBITDA 1 535.4 500.6 - 970.1 1,290 2,260 961.8 669.2 336.2 325.6 242 310 499.5 496.1 433.6 -
EBIT 1 - - - - - - - 503.1 186.8 - 84.5 158.8 299.5 296.7 236.8 -
Operating Margin - - - - - - - 22.9% 13.62% - 7.91% 13.13% 24.07% 19.59% 15.64% -
Earnings before Tax (EBT) - - - - - - - - - - - - - - - -
Net income 1 - - - - - - - - - - -117.9 -112 - - - -
Net margin - - - - - - - - - - -11.03% -9.26% - - - -
EPS 2 0.6930 - 1.397 1.942 2.256 - 1.495 0.1600 -0.3410 -0.4290 -0.5600 -0.5310 -0.1300 0.1800 0.1800 0.3100
Dividend per Share 2 - - - - - - - - - - - 0.7500 - 1.000 - -
Announcement Date 8/2/21 11/8/21 2/14/22 5/12/22 8/2/22 8/2/22 11/3/22 2/14/23 5/9/23 8/2/23 11/7/23 2/14/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 4,120 4,062 3,730 2,221 1,159 3,740 3,923 3,430
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.433 x 5.428 x 4.289 x 0.8789 x 0.2978 x 3.081 x 2.585 x 1.811 x
Free Cash Flow 1 379 37.5 355 2,016 2,955 509 355 504
ROE (net income / shareholders' equity) 1.59% -28.3% -14.3% 36.4% - -1.31% 44.1% 53.1%
ROA (Net income/ Total Assets) - - -1.92% 7.74% 13.7% -4.18% 4.68% 5.58%
Assets 1 - - 9,255 7,370 9,019 9,378 4,533 7,090
Book Value Per Share 2 4.810 6.480 5.400 9.530 - 6.350 4.650 4.580
Cash Flow per Share 2 3.210 1.610 2.950 10.70 15.80 2.060 4.480 4.110
Capex 1 293 300 263 248 394 769 746 499
Capex / Sales 9.01% 9.9% 7.56% 3.92% 4.06% 15.32% 13.01% 8.56%
Announcement Date 2/25/19 2/25/20 2/25/21 2/14/22 2/14/23 2/14/24 - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
27.16 USD
Average target price
32.9 USD
Spread / Average Target
+21.14%
Consensus
+229% on MICROSOFT CORPORATION since our purchase on January 11, 2019
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