OCI N.V. (NL:OCI)
:OCI
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OCI N.V.
(OCI)
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Rating:53Neutral
Price Target:
€3.50
▼(-3.31% Downside)
Action:ReiteratedDate:04/16/26
The score is held back primarily by weak and unstable fundamentals, especially the sharp deterioration to negative operating and free cash flow in 2025 despite improved leverage. Technicals provide moderate support with positive near-term momentum, and valuation looks very attractive on P/E and yield, partially offsetting the financial risks.
Positive Factors
Improved leverage
Material debt reduction meaningfully lowers financial risk and interest burden, increasing flexibility for capital allocation and operational resilience. Over the next 2–6 months a lighter debt load improves liquidity buffers and credit capacity, reducing refinancing pressure and supporting strategic options.
Negative Factors
Deteriorating cash generation
A shift to negative operating and free cash flow materially weakens internal funding, forcing reliance on external financing or asset disposals. Over months this constrains reinvestment, maintenance, and working capital, amplifying operational risks and limiting the company's ability to fund growth or dividends.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage
Material debt reduction meaningfully lowers financial risk and interest burden, increasing flexibility for capital allocation and operational resilience. Over the next 2–6 months a lighter debt load improves liquidity buffers and credit capacity, reducing refinancing pressure and supporting strategic options.
Read all positive factors
OCI N.V. (OCI) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€766.03M
Dividend Yield229.25%
Average Volume (3M)974.70K
Price to Earnings (P/E)―
Beta (1Y)0.75
Revenue GrowthN/A
EPS GrowthN/A
CountryNL
Employees1,018
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)-0.02
Shares Outstanding211,357,990
10 Day Avg. Volume721,335
30 Day Avg. Volume974,704
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)0.73
Price to Sales (P/S)0.72
P/FCF Ratio-3.89
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€3.70Price Target Upside2.21% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)-0.08
Revenue Forecast (FY)€1.13B
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 segment...
How the Company Makes Money
OCI makes money primarily by producing and selling commodity chemical products, with revenue largely driven by volumes sold and prevailing market prices for nitrogen-based products. Key revenue streams include: (1) Sales of nitrogen fertilizers (e...
OCI N.V. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
56
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 534.10M | 1.09B | 975.10M | 1.96B | 3.71B | 6.32B |
| Gross Profit | -105.60M | 23.70M | 2.00M | -164.60M | 435.00M | 1.83B |
| EBITDA | -212.00M | -205.20M | 38.90M | -144.00M | 565.30M | 2.47B |
| Net Income | 5.31B | 183.70M | 4.98B | -392.00M | 1.24B | 570.50M |
Balance Sheet | ||||||
| Total Assets | 3.54B | 1.84B | 4.33B | 8.97B | 9.77B | 9.81B |
| Cash, Cash Equivalents and Short-Term Investments | 1.77B | 17.90M | 2.05B | 156.90M | 1.69B | 1.44B |
| Total Debt | 853.70M | 155.30M | 803.70M | 2.30B | 3.15B | 4.08B |
| Total Liabilities | 1.67B | 764.60M | 2.08B | 7.02B | 5.43B | 6.30B |
| Stockholders Equity | 1.86B | 1.07B | 2.24B | 926.50M | 2.32B | 2.00B |
Cash Flow | ||||||
| Free Cash Flow | -264.20M | -202.40M | -8.20M | 530.80M | 2.95B | 2.02B |
| Operating Cash Flow | -407.40M | -82.20M | 68.10M | 695.30M | 3.35B | 2.26B |
| Investing Cash Flow | 9.34B | 517.57M | 8.07B | -774.30M | -390.80M | -243.50M |
| Financing Cash Flow | -7.15B | -2.51B | -6.13B | -818.20M | -2.44B | -1.50B |
OCI N.V. Technical Analysis
Positive
3.62
Price Trends
3.53
Positive
3.37
Positive
3.81
Negative
Market Momentum
0.05
Negative
57.42
Neutral
80.50
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:OCI, the sentiment is Positive. The current price of 3.62 is above the 20-day moving average (MA) of 3.43, above the 50-day MA of 3.53, and below the 200-day MA of 3.81, indicating a neutral trend. The MACD of 0.05 indicates Negative momentum. The RSI at 57.42 is Neutral, neither overbought nor oversold. The STOCH value of 80.50 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:OCI.
OCI N.V. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | €8.95B | 22.64 | 14.61% | 3.38% | -7.05% | 32.41% | |
64 Neutral | €5.69B | 20.99 | 10.83% | 2.83% | 1.08% | -24.24% | |
59 Neutral | €1.06B | 14.40 | 8.84% | 3.50% | -1.61% | 38.58% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €2.90B | 21.98 | -0.24% | 5.41% | -2.80% | -96.11% | |
53 Neutral | €766.03M | ― | ― | 229.25% | ― | ― | |
49 Neutral | €1.14B | -5.46 | 6.84% | 1.46% | 13.55% | 50.22% |
* General Sector Average
NL:OCI
OCI N.V.
3.63
-1.01
-21.82%
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57.70%
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18.49
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2.55%
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-18.47
-16.08%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.