O-I Glass (OI) AI Stock Analysis

• Market Cap: $2.04B
• Dividend Yield: N/A
• Average Volume (3M): 1.68M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.98
• Revenue Growth: -3.36%
• EPS Growth: 11.88%
• Country: US
• Employees: 21,000
• Sector: Consumer Cyclical
• Sector Strength: 75
• Industry: Packaging & Containers
• EPS (TTM): 0.53
• Shares Outstanding: 154,073,260
• 10 Day Avg. Volume: 2,355,621
• 30 Day Avg. Volume: 1,677,731
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 3.46
• Enterprise Value/Revenue: 1.09
• Enterprise Value/Gross Profit: 7.04
• Enterprise Value/Ebitda: 41.47
• 1Y Price Target: $16.88
• Price Target Upside: 23.48% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8

• Rating: 54 Neutral
• Price Target: $14.00 ▲(2.41% Upside)

O-I Glass's overall stock score is primarily influenced by its financial performance challenges, including declining revenues and high leverage. The earnings call provided a positive outlook with increased guidance and significant cost savings, which partially offsets the negative financial and valuation aspects. Technical indicators suggest a lack of strong momentum, and the negative P/E ratio indicates potential overvaluation.

Positive Factors

Financial Performance

Raising the target price to $14 reflects strong first-quarter results and a reiterated outlook for 2025.

Strategic Initiatives

OI's transformation appears on track with self-help initiatives driving operational improvements that will help make OI more competitive both in glass and vs cans.

Negative Factors

Tariff Uncertainty

OI is taking a potentially conservative approach due to heightened tariff uncertainty, impacting 4.5% of sales.

Volume and Earnings Trends

O-I Glass's EV/EBITDA multiple has compressed due to weak volume and earnings trends, adding pressure on the company's profit and cash flow.

O-I Glass Business Overview & Revenue Model

Company Description

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. In addition, the company offers glass containers in a range of sizes, shapes, and colors. It sells its products directly to customers under annual or multi-year supply agreements, as well as through distributors. The company was founded in 1903 and is headquartered in Perrysburg, Ohio.

How the Company Makes Money

O-I Glass generates revenue primarily through the sale of glass containers to clients in the food, beverage, and pharmaceutical sectors. The company operates under a business-to-business (B2B) model, where it enters into contracts with customers for the supply of customized glass packaging solutions. Key revenue streams include direct sales of glass containers, as well as related services such as design and engineering support. Additionally, O-I Glass benefits from long-term partnerships with major global brands, which provide a stable demand for its products. The company also emphasizes sustainability, which enhances its brand value and can lead to increased sales as consumers and businesses increasingly prioritize eco-friendly packaging options. Factors contributing to earnings include operational efficiency, cost management, and innovations in glass manufacturing technology that reduce production costs and improve product quality.

O-I Glass Financial Statement Overview

Summary

O-I Glass faces challenges with declining profitability and high leverage, affecting its income statement and balance sheet performance. However, the company shows resilience in cash flow generation, supporting operational stability. Improving margins and managing debt could enhance financial health.

Income Statement

O-I Glass shows a declining trend in revenue and profitability metrics, with significant drops in gross profit and EBIT margins over the years. The TTM data reflects a negative net income, impacting net profit margins adversely. Despite past revenue growth, recent figures indicate challenges in maintaining profitability.

Balance Sheet

The company's balance sheet shows moderate leverage with a debt-to-equity ratio indicating a high level of debt compared to equity. ROE has been negative recently due to net losses. The equity ratio is relatively stable, suggesting some level of financial stability amidst high liabilities.

Cash Flow

O-I Glass demonstrates strong cash flow generation capabilities, with positive free cash flow in the TTM. The operating cash flow to net income ratio is favorable, reflecting operating efficiency. However, fluctuations in capital expenditures and free cash flow in prior years highlight potential volatility in cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	6.48B	6.53B	7.11B	6.86B	6.36B	6.09B
Gross Profit	1.00B	1.04B	1.50B	1.21B	1.09B	972.00M
EBITDA	170.00M	859.00M	892.00M	1.44B	949.00M	1.03B
Net Income	-172.00M	-106.00M	-103.00M	584.00M	149.00M	249.00M
Balance Sheet
Total Assets	9.18B	8.65B	9.67B	9.06B	8.83B	8.88B
Cash, Cash Equivalents and Short-Term Investments	487.00M	734.00M	913.00M	773.00M	725.00M	563.00M
Total Debt	5.13B	5.18B	5.17B	4.72B	4.83B	5.14B
Total Liabilities	7.00B	7.45B	7.92B	7.53B	8.01B	8.48B
Stockholders Equity	2.18B	1.08B	1.61B	1.53B	827.00M	401.00M
Cash Flow
Free Cash Flow	114.00M	-128.00M	130.00M	-385.00M	289.00M	146.00M
Operating Cash Flow	493.00M	489.00M	818.00M	154.00M	687.00M	457.00M
Investing Cash Flow	-461.00M	-620.00M	-683.00M	-97.00M	-220.00M	93.00M
Financing Cash Flow	-235.00M	-8.00M	-27.00M	35.00M	-273.00M	-557.00M

O-I Glass Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 13.67
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OI, the sentiment is Positive. The current price of 13.67 is below the 20-day moving average (MA) of 13.76, below the 50-day MA of 14.19, and above the 200-day MA of 12.39, indicating a neutral trend. The MACD of -0.33 indicates Positive momentum. The RSI at 49.72 is Neutral, neither overbought nor oversold. The STOCH value of 61.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for OI.

O-I Glass Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CCK	71 Outperform	$11.76B	21.22	20.64%	1.00%	2.07%	32.37%
GPK	69 Neutral	$6.73B	12.87	17.71%	1.86%	-5.05%	-24.52%
SLGN	69 Neutral	$4.97B	16.49	14.54%	1.64%	5.49%	-1.01%
SEE	68 Neutral	$4.39B	14.64	37.35%	2.63%	-2.00%	-18.50%
SON	66 Neutral	$4.47B	30.97	3.98%	4.56%	0.90%	-118.86%
Sector *	56 Neutral	HK$25.46B	5.05	-2.69%	5.69%	-0.43%	-53.15%
OI	54 Neutral	$2.04B	―	-18.69%	―	-3.36%	11.88%

O-I Glass Corporate Events

O-I Glass CFO to Present at Wells Fargo Conference

On June 11, 2025, O-I Glass‘s Chief Financial Officer, John Haudrich, is set to present at the Wells Fargo 2025 Industrials and Materials Conference, where he will reaffirm the company’s 2025 guidance. The presentation will be available via a live webcast, with a replay accessible for 90 days. This event underscores O-I Glass’s commitment to maintaining transparency with stakeholders and its strategic focus on optimizing operations and enhancing shareholder value.

The most recent analyst rating on (OI) stock is a Hold with a $12.00 price target. To see the full list of analyst forecasts on O-I Glass stock, see the OI Stock Forecast page.

O-I Glass Shareholders Approve Key Proposals at Annual Meeting

On May 14, 2025, O-I Glass, Inc. held its Annual Meeting where shareholders voted on several key proposals. All nominees for the Board of Directors were elected for a one-year term, Ernst & Young LLP was ratified as the independent registered public accounting firm, and the Fifth Amended and Restated 2017 Incentive Award Plan was approved. Additionally, the compensation for the company’s named executive officers received advisory approval.

The most recent analyst rating on (OI) stock is a Hold with a $12.00 price target. To see the full list of analyst forecasts on O-I Glass stock, see the OI Stock Forecast page.