O-I Glass (OI) AI Stock Analysis

• Market Cap: $1.97B
• Dividend Yield: N/A
• Average Volume (3M): 1.81M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.97
• Revenue Growth: -3.36%
• EPS Growth: 11.88%
• Country: US
• Employees: 21,000
• Sector: Consumer Cyclical
• Sector Strength: 83
• Industry: Packaging & Containers
• EPS (TTM): 0.53
• Shares Outstanding: 154,073,260
• 10 Day Avg. Volume: 1,670,352
• 30 Day Avg. Volume: 1,810,853
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 3.58
• Enterprise Value/Revenue: 1.09
• Enterprise Value/Gross Profit: 7.04
• Enterprise Value/Ebitda: 41.47
• 1Y Price Target: $17.29
• Price Target Upside: 35.40% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7

• Rating: 53 Neutral
• Price Target: $13.00 ▲(1.80% Upside)

O-I Glass's overall stock score reflects a mixed outlook. The company's financial performance is challenged by declining revenues and net losses, while technical indicators suggest a bearish trend. Valuation metrics are weak due to negative earnings. However, the positive earnings call, with increased guidance and cost-saving measures, provides some optimism for future performance.

Positive Factors

Operational Efficiency

The Fit to Win (FTW) program is expected to significantly improve O-I Glass's operational efficiency and reduce costs, potentially yielding substantial benefits in the coming years.

Strategic Initiatives

Management is moving with urgency to improve company performance through strategic initiatives.

Negative Factors

Profit and Cash Flow Pressure

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.

Tariff Uncertainty

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

O-I Glass Business Overview & Revenue Model

Company Description

O-I Glass, Inc. (OI) is a leading global manufacturer of glass containers, serving various industries including food, beverage, and pharmaceuticals. With a rich history and a commitment to sustainability, O-I Glass specializes in producing high-quality glass packaging solutions that are designed to enhance product shelf life and appeal. The company operates manufacturing facilities across the Americas, Europe, and Asia-Pacific, providing a diverse portfolio of products that cater to both large multinational clients and smaller businesses.

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 significant challenges with declining revenues and persistent net losses impacting profitability. The balance sheet shows high leverage, although there are signs of strengthening equity. Cash flow from operations remains a strong point, but overall financial performance requires careful management to improve profitability and reduce debt levels.

Income Statement

O-I Glass has experienced a decline in revenue from the previous year, with the TTM showing a negative revenue growth rate of -0.77%. The gross profit margin stands at 15.46%, which is relatively modest and indicates challenges in maintaining high profitability. Both EBIT and EBITDA margins have decreased, with TTM EBIT and EBITDA margins at 7.65% and 2.62%, respectively. The net profit margin is negative due to a net loss, reflecting ongoing profitability issues.

Balance Sheet

The company's debt-to-equity ratio stands at 2.36, indicating a high level of leverage. However, there has been an improvement in stockholders' equity, which now makes up 23.75% of total assets, suggesting some strengthening of the balance sheet. The return on equity is negative, reflecting the net income losses and indicating challenges in generating returns for shareholders.

Cash Flow

O-I Glass has shown some improvement in cash flow metrics, with positive free cash flow in the TTM, translating to a free cash flow growth rate from the previous year. The operating cash flow to net income ratio is positive, reflecting effective cash conversion despite net losses. However, the free cash flow to net income ratio is negative due to ongoing net losses.

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: Negative
• Last Price: 12.77
• 50DMA: Negative
• 100DMA: Negative
• 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 Negative. The current price of 12.77 is below the 20-day moving average (MA) of 13.10, below the 50-day MA of 13.95, and above the 200-day MA of 12.44, indicating a neutral trend. The MACD of -0.28 indicates Positive momentum. The RSI at 41.37 is Neutral, neither overbought nor oversold. The STOCH value of 23.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for OI.

O-I Glass Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CCK	72 Outperform	$10.97B	19.78	20.64%	1.09%	2.07%	32.37%
GPK	67 Neutral	$6.19B	11.83	17.71%	1.95%	-5.05%	-24.52%
SEE	65 Neutral	$4.82B	16.05	37.35%	2.44%	-2.00%	-18.50%
SON	63 Neutral	$4.56B	30.97	3.98%	4.54%	0.90%	-118.86%
Sector *	61 Neutral	$17.95B	12.83	-3.20%	2.97%	1.18%	-14.28%
SLGN	61 Neutral	$4.83B	16.04	14.54%	1.75%	5.49%	-1.01%
OI	53 Neutral	$1.97B	―	-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.