OCI N.V. (OCI) AI Stock Analysis

• Market Cap: €708.27M
• Dividend Yield: 229.25%
• Average Volume (3M): 974.70K
• Price to Earnings (P/E): 2.9
• Beta (1Y): 0.69
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: NL
• Employees: 1,018
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): -0.02
• Shares Outstanding: 211,357,990
• 10 Day Avg. Volume: 721,335
• 30 Day Avg. Volume: 974,704
• 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: €3.70
• Price Target Upside: 10.12% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): -0.08
• Revenue Forecast (FY): €1.13B

• Rating: 47 Neutral
• Price Target: €3.50 ▲(4.17% Upside)
• Action: Reiterated Date: 01/21/26
• Date: Action: Reiterated 01/21/26

The score is held back primarily by weak financial performance signals—steep revenue decline, negative gross margin, and negative operating cash flow—despite improving leverage and strong free cash flow growth. Technicals provide some near-term support (above 20/50-day averages with mildly positive momentum), while valuation is constrained by the missing P/E and an unusually high dividend yield that suggests elevated risk.

Positive Factors

Improved leverage

A lower debt-to-equity ratio improves financial flexibility and reduces refinancing risk, allowing OCI to better fund maintenance and strategic capex. Sustained leverage improvement supports long-term creditworthiness and the ability to withstand commodity cycles common in chemicals.

Negative Factors

Steep revenue decline

A nearly 30% top-line drop signals loss of sales scale and potential market share erosion. Prolonged revenue weakness undermines fixed-cost absorption, pressures margins and limits reinvestment capacity, making recovery and long-term growth more challenging.

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...

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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 generates revenue primarily through the sale of nitrogen fertilizers and industrial chemicals. The company's key revenue streams include the production and distribution of ammonia, urea, and other nitrogen products, which are sold to farmers a...

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OCI generates revenue primarily through the sale of nitrogen fertilizers and industrial chemicals. The company's key revenue streams include the production and distribution of ammonia, urea, and other nitrogen products, which are sold to farmers a...

OCI N.V. Financial Statement Overview

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: Neutral
• Last Price: 3.36
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:OCI, the sentiment is Neutral. The current price of 3.36 is below the 20-day moving average (MA) of 3.45, below the 50-day MA of 3.49, and below the 200-day MA of 3.90, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 47.36 is Neutral, neither overbought nor oversold. The STOCH value of 44.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NL:OCI.

OCI N.V. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IMCD	64 Neutral	€5.02B	20.99	10.83%	2.83%	6.09%	-7.18%
AKZA	63 Neutral	€8.39B	4.23	14.61%	3.38%	-2.03%	-89.67%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
CRBN	59 Neutral	€1.07B	14.40	8.84%	3.50%	-3.45%	-5.55%
AMG	49 Neutral	€1.10B	-55.26	6.84%	1.46%	9.94%	―
OCI	47 Neutral	€708.27M	2.88	―	229.25%	―	―
APAM	46 Neutral	€2.42B	283.16	-0.24%	5.41%	-2.24%	-102.76%