OCI Stock Analysis: OCI | AS
Specialty Chemicals | AS, Netherlands | Market Cap: 860m EUR | 12M Return: -13% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 2.19M
Qual. Beats: 0
Rev. Trend: -93.9%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
OCI N.V. is a Netherlands-based producer and distributor of hydrogen-based and natural gas-based products, serving agricultural, transportation, and industrial customers across Europe, the Americas, the Middle East, Africa, Asia, and Oceania. The company operates through three reporting segments-Methanol US, Methanol Europe, and Nitrogen Europe-reflecting a dual business model spanning fuel- and chemical-grade methanol alongside nitrogen-based fertilizers and chemicals.
Its product portfolio centers on nitrogen derivatives, including anhydrous ammonia, granular urea, urea ammonium nitrate solution, calcium ammonium nitrate, ammonium sulphate, ammonium nitrate + sulphur, renewable and lower-carbon ammonia, nitric acid, melamine, carbon dioxide, and diesel exhaust fluid. Beyond manufacturing, OCI operates ammonia storage and shipment services at the Port of Rotterdam, one of Europes principal gateways for bulk chemicals and fertilizer trade, giving the company a logistics foothold in addition to its production assets.
Classified in the GICS Materials sector under Fertilizers & Agricultural Chemicals, OCIs economics are tied to natural gas feedstock costs and global agricultural demand cycles. Its listed renewable and lower-carbon ammonia offerings point to a parallel exposure to the emerging clean-fuel and decarbonization markets, layering potential growth optionality onto a business otherwise driven by commodity fertilizer and methanol volumes. The company was incorporated in 2013 and is headquartered in Amsterdam.
- European natural gas costs squeeze nitrogen segment margins
- US methanol exports benefit from low domestic gas prices
- EU green fuel mandates drive renewable ammonia capacity build-out
| Net Income: 183.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.27 > 0.02 and ΔFCF/TA -26.72 > 1.0 |
| NWC/Revenue: 20.78% < 20% (prev 187.4%; Δ -166.6% < -1%) |
| CFO/TA -0.04 > 3% & CFO -82.2m > Net Income 183.7m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 1.34 > 1.5 & < 3 |
| Outstanding Shares: last quarter (211.0m) vs 12m ago -0.74% < -2% |
| Gross Margin: 2.18% > 18% (prev 0.21%; Δ 1.98% > 0.5%) |
| Asset Turnover: 35.21% > 50% (prev 22.52%; Δ 12.69% > 0%) |
| Interest Coverage Ratio: -2.38 > 6 (EBIT TTM -113.5m / Interest Expense TTM 47.6m) |
| A: 0.12 (Total Current Assets 896.4m - Total Current Liabilities 670.7m) / Total Assets 1.84b |
| B: 0.07 (Retained Earnings 128.3m / Total Assets 1.84b) |
| C: -0.04 (EBIT TTM -113.5m / Avg Total Assets 3.08b) |
| D: 1.41 (Book Value of Equity 1.07b / Total Liabilities 764.6m) |
| Altman-Z'' = 2.26 = BBB |
| DSRI: 0.92 (Receivables 671.6m/658.8m, Revenue 1.09b/975.1m) |
| GMI: 0.09 (GM 0.21% / 2.18%) |
| AQI: 17.95 (AQ_t 0.24 / AQ_t-1 0.01) |
| SGI: 1.11 (Revenue 1.09b / 975.1m) |
| TATA: 0.14 (NI 183.7m - CFO -82.2m) / TA 1.84b) |
| Beneish M = 6.23 (Cap -4..+1) = D |
As of July 15, 2026, the stock is trading at EUR 4.08 with a total of 347,430 shares traded. Over the past week, the price has changed by +0.00%, over one month by +12.33%, over three months by +11.84% and over the past year by -13.01%.
Current recommended Stop Loss: 4.00 (which is 2% or 1.3 ATR below the current price).
OCI has no consensus analysts rating.
Market Cap USD = 982.6m (859.9m EUR * 1.1427 EUR.USD)
P/E Forward = 30.2115
P/S = 0.7918
P/B = 0.9141
Revenue TTM = 1.09b USD
EBIT TTM = -113.5m USD
EBITDA TTM = -24.8m USD
Long Term Debt = 82.8m USD (estimated: total debt 155.3m - short term 72.5m)
Short Term Debt = 72.5m USD (from shortTermDebt, last quarter)
Debt = 248.6m USD (from shortLongTermDebtTotal, last quarter) + Leases 93.3m
Net Debt = 230.7m USD (calculated: Debt 248.6m - CCE 17.9m)
Enterprise Value = 1.21b USD (982.6m + Debt 248.6m - CCE 17.9m)
Interest Coverage Ratio = -2.38 (Ebit TTM -113.5m / Interest Expense TTM 47.6m)
EV/FCF = -2.45x (Enterprise Value 1.21b / FCF TTM -494.9m)
FCF Yield = -40.79% (FCF TTM -494.9m / Enterprise Value 1.21b)
FCF Margin = -45.57% (FCF TTM -494.9m / Revenue TTM 1.09b)
Net Margin = 16.92% (Net Income TTM 183.7m / Revenue TTM 1.09b)
Gross Margin = 2.18% ((Revenue TTM 1.09b - Cost of Revenue TTM 1.06b) / Revenue TTM)
Gross Margin QoQ = 10.75% (prev 10.75%)
Tobins Q-Ratio = 0.66 (Enterprise Value 1.21b / Total Assets 1.84b)
Interest Expense / Debt = 19.15% (Interest Expense 47.6m / Debt 248.6m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -89.7m (EBIT -113.5m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.34 (Total Current Assets 896.4m / Total Current Liabilities 670.7m)
Debt / Equity = 0.23 (Debt 248.6m / totalStockholderEquity, last quarter 1.07b)
Debt / EBITDA = -9.30 (negative EBITDA) (Net Debt 230.7m / EBITDA -24.8m)
Debt / FCF = -0.47 (negative FCF - burning cash) (Net Debt 230.7m / FCF TTM -494.9m)
Total Stockholder Equity = 1.47b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.96% (Net Income 183.7m / Total Assets 1.84b)
RoE = 12.51% (Net Income TTM 183.7m / Total Stockholder Equity 1.47b)
RoCE = -7.31% (EBIT -113.5m / Capital Employed (Equity 1.47b + L.T.Debt 82.8m))
RoIC = -7.33% (negative operating profit) (NOPAT -89.7m / Invested Capital 1.22b)
WACC = 7.07% (E(982.6m)/V(1.23b) * Re(5.03%) + D(248.6m)/V(1.23b) * Rd(19.15%) * (1-Tc(0.21)))
Discount Rate = 5.03% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 8.39 | Cagr: 0.09%
[DCF] Fair Price = unknown (Cash Flow -494.9m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: -93.95 | Revenue CAGR: -63.86% | SUE: 0.02 | # QB: 0
EPS current Year (2025-12-31): EPS=-0.07 | Chg30d=+58.97% | Revisions=+40% | GrowthEPS=-23.8% | GrowthRev=-73.8%
EPS next Year (2026-12-31): EPS=-0.03 | Chg30d=N/A | Revisions=+25% | GrowthEPS=+83.9% | GrowthRev=-33.0%
[Analyst] Revisions Ratio: +50% (up=3, down=0)