OCI N.V. (OCI) AI Stock Analysis

• Market Cap: €804.82M
• Dividend Yield: 75.99%
• Average Volume (3M): 911.38K
• Price to Earnings (P/E): 58.3
• Beta (1Y): 0.56
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: NL
• Employees: 1,018
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): N/A
• Shares Outstanding: 211,357,990
• 10 Day Avg. Volume: 1,063,856
• 30 Day Avg. Volume: 911,383
• PEG Ratio: >-0.01
• Price to Book (P/B): 1.05
• Price to Sales (P/S): 2.42
• P/FCF Ratio: -288.09
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €6.77
• Price Target Upside: 80.53% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 39 Underperform
• Price Target: €3.50 ▼(-6.67% Downside)

OCI N.V.'s overall stock score is significantly impacted by its financial performance challenges, including declining revenues and negative operating margins. The technical analysis indicates a strong bearish trend, with the stock trading below all major moving averages and in oversold conditions. The valuation is concerning due to a negative P/E ratio and an unsustainably high dividend yield, suggesting potential financial instability.

OCI N.V. Business Overview & Revenue Model

Company Description

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 argon, aqueous ammonia, nitric acid, urea solution, bio-methanol, methanol, melamine, and diesel exhaust fluid, as well as and other nitrogen products. 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. has a strategic partnership with Abu Dhabi National Oil Company. OCI N.V. was founded in 2013 and is headquartered in Amsterdam, the Netherlands.

How the Company Makes Money

OCI generates revenue primarily through the sale of nitrogen fertilizers and industrial chemicals. The company produces a range of products, including urea, ammonium nitrate, and ammonia, which are sold to agricultural and industrial customers worldwide. Key revenue streams come from both the agricultural segment, where fertilizers are sold to farmers and distributors, and the industrial segment, where chemicals are supplied to manufacturers across various industries. OCI also benefits from strategic partnerships and long-term contracts with key clients, ensuring a steady demand for its products. Additionally, fluctuations in raw material prices and global agricultural demand can significantly impact the company's earnings, making them sensitive to market conditions.

OCI N.V. Financial Statement Overview

Summary

OCI N.V. exhibits financial variability with mixed performance across its financial statements. The income statement shows profitability challenges, the balance sheet indicates improved leverage, and cash flow highlights cash management issues. The company needs to stabilize its revenue and manage its operational efficiency to enhance financial health.

Income Statement

OCI N.V. has shown volatility in its income statement metrics. The gross profit margin fluctuated significantly, with a notable decline in 2023. Net profit margin improved dramatically in 2024, following a negative figure in the previous year. Revenue growth was negative from 2023 to 2024, indicating a revenue decline. The EBIT and EBITDA margins were negative for the last two years, suggesting challenges in operational efficiency.

Balance Sheet

The balance sheet shows a moderate financial position. The debt-to-equity ratio improved from 2023 to 2024, indicating reduced leverage. However, the ROE was negative in 2023, but has seen a turnaround in 2024 with a positive net income. The equity ratio remains stable, highlighting a consistent equity base relative to total assets.

Cash Flow

OCI N.V.'s cash flow metrics depict instability. The free cash flow turned negative in 2024, reversing from a positive flow in 2023. The operating cash flow to net income ratio was strong in 2024, despite previous inconsistencies. The free cash flow to net income ratio in 2024 was negative due to negative free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	534.10M	975.10M	1.96B	3.71B	6.32B	3.47B
Gross Profit	-105.60M	2.00M	-164.60M	435.00M	1.83B	412.10M
EBITDA	-212.00M	38.90M	-144.00M	565.30M	2.47B	798.80M
Net Income	5.31B	4.98B	-392.00M	1.24B	570.50M	-177.70M
Balance Sheet
Total Assets	3.54B	4.33B	8.97B	9.77B	9.81B	9.10B
Cash, Cash Equivalents and Short-Term Investments	1.77B	2.05B	156.90M	1.69B	1.44B	632.20M
Total Debt	853.70M	803.70M	2.30B	3.15B	4.08B	4.71B
Total Liabilities	1.67B	2.08B	7.02B	5.43B	6.30B	6.43B
Stockholders Equity	1.86B	2.24B	926.50M	2.32B	2.00B	1.13B
Cash Flow
Free Cash Flow	-264.20M	-8.20M	530.80M	2.95B	2.02B	354.60M
Operating Cash Flow	-407.40M	68.10M	695.30M	3.35B	2.26B	617.80M
Investing Cash Flow	9.34B	8.07B	-774.30M	-390.80M	-243.50M	-260.20M
Financing Cash Flow	-7.15B	-6.13B	-818.20M	-2.44B	-1.50B	-244.90M

OCI N.V. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:OCI, the sentiment is Negative. The current price of 3.75 is below the 20-day moving average (MA) of 4.29, below the 50-day MA of 4.62, and below the 200-day MA of 4.49, indicating a bearish trend. The MACD of -0.26 indicates Positive momentum. The RSI at 22.61 is Positive, neither overbought nor oversold. The STOCH value of 6.30 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NL:OCI.

OCI N.V. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
APAM	78 Outperform	€2.23B	11.83	5.98%	6.13%	-0.46%	182.29%
CRBN	66 Neutral	€970.63M	14.28	8.84%	3.82%	-3.45%	-5.55%
AMG	66 Neutral	€885.37M	99.76	1.94%	0.66%	5.17%	―
AKZA	65 Neutral	€10.25B	24.68	9.60%	3.30%	-1.57%	-29.52%
IMCD	63 Neutral	€5.44B	20.13	14.32%	2.34%	6.09%	-7.18%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
OCI	39 Underperform	€804.82M	58.27	―	75.99%	―	―