(OI) O-I Glass - NYSE
Sector: Consumer Cyclical | Industry: Packaging & Containers | Exchange: NYSE (USA) | Market Cap: 1.213m USD | Total Return: -38.8% in 12m
Avg Turnover: 21.7M
EPS Trend: -58.1%
Qual. Beats: -1
Rev. Trend: -94.8%
Qual. Beats: 1
Warnings
High Debt/EBITDA (6.0) with thin interest coverage (0.8)
Interest Coverage Ratio 0.8 is critical
Altman Z'' 0.93 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
No distinct edge detected
O-I Glass, Inc. (OI) is a global manufacturer of glass packaging, primarily serving the food and beverage industries across the Americas and Europe. The company produces containers for spirits, wine, beer, and non-alcoholic liquids, as well as specialized packaging for the pharmaceutical sector. Its business model relies on large-scale production facilities and long-term supply agreements with major consumer goods brands to ensure volume stability.
The glass container industry is highly capital-intensive, requiring significant investment in furnace infrastructure and energy to maintain continuous manufacturing cycles. Unlike plastic or aluminum, glass is infinitely recyclable without loss of quality, which positions the sector as a key component of circular economy initiatives. Analyzing historical valuation trends at ValueRay can provide further context on the company’s market positioning. Founded in 1903 and headquartered in Ohio, O-I Glass remains one of the largest glass packaging producers worldwide.
- Global shift toward sustainable packaging accelerates glass demand over plastic alternatives
- Natural gas price volatility significantly impacts manufacturing operating margins and profitability
- Strategic footprint optimization and plant closures aim to improve structural cost efficiency
- Consumer spending shifts in European beer and spirits markets drive volume fluctuations
- High debt levels and interest rate exposure influence long-term equity valuation metrics
| Net Income: -186.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -0.14 > 1.0 |
| NWC/Revenue: 7.66% < 20% (prev 7.07%; Δ 0.58% < -1%) |
| CFO/TA 0.05 > 3% & CFO 477.0m > Net Income -186.0m |
| Net Debt (4.64b) to EBITDA (776.0m): 5.98 < 3 |
| Current Ratio: 1.26 > 1.5 & < 3 |
| Outstanding Shares: last quarter (152.7m) vs 12m ago -0.67% < -2% |
| Gross Margin: 16.05% > 18% (prev 15.47%; Δ 0.58% > 0.5%) |
| Asset Turnover: 72.39% > 50% (prev 74.51%; Δ -2.12% > 0%) |
| Interest Coverage Ratio: 0.84 > 6 (EBIT TTM 286.0m / Interest Expense TTM 342.0m) |
| A: 0.05 (Total Current Assets 2.38b - Total Current Liabilities 1.89b) / Total Assets 8.95b |
| B: 0.05 (Retained Earnings 475.0m / Total Assets 8.95b) |
| C: 0.03 (EBIT TTM 286.0m / Avg Total Assets 8.84b) |
| D: 0.17 (Book Value of Equity 1.28b / Total Liabilities 7.52b) |
| Altman-Z'' = 0.93 = BB |
| DSRI: 1.08 (Receivables 805.0m/758.0m, Revenue 6.40b/6.50b) |
| GMI: 0.96 (GM 15.47% / 16.05%) |
| AQI: 1.04 (AQ_t 0.35 / AQ_t-1 0.34) |
| SGI: 0.98 (Revenue 6.40b / 6.50b) |
| TATA: -0.07 (NI -186.0m - CFO 477.0m) / TA 8.95b) |
| Beneish M = -2.99 (Cap -4..+1) = A |
As of June 10, 2026, the stock is trading at USD 8.32 with a total of 3,340,348 shares traded.
Over the past week, the price has changed by +3.23%,
over one month by -8.07%,
over three months by -28.34% and
over the past year by -38.78%.
O-I Glass has received a consensus analysts rating of 4.20. Therefore, it is recommended to buy OI.
- StrongBuy: 5
- Buy: 2
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 13.1 | 57.6% |
P/E Forward = 5.6497
P/S = 0.1895
P/B = 0.9503
P/EG = 0.3468
Revenue TTM = 6.40b USD
EBIT TTM = 286.0m USD
EBITDA TTM = 776.0m USD
Long Term Debt = 4.80b USD (from longTermDebt, last quarter)
Short Term Debt = 160.0m USD (from shortTermDebt, last quarter)
Debt = 4.96b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 4.64b USD (calculated: Debt 4.96b - CCE 317.0m)
Enterprise Value = 5.86b USD (1.21b + Debt 4.96b - CCE 317.0m)
Interest Coverage Ratio = 0.84 (Ebit TTM 286.0m / Interest Expense TTM 342.0m)
EV/FCF = 154.1x (Enterprise Value 5.86b / FCF TTM 38.0m)
FCF Yield = 0.65% (FCF TTM 38.0m / Enterprise Value 5.86b)
FCF Margin = 0.59% (FCF TTM 38.0m / Revenue TTM 6.40b)
Net Margin = -2.91% (Net Income TTM -186.0m / Revenue TTM 6.40b)
Gross Margin = 16.05% ((Revenue TTM 6.40b - Cost of Revenue TTM 5.37b) / Revenue TTM)
Gross Margin QoQ = 12.92% (prev 15.27%)
Tobins Q-Ratio = 0.65 (Enterprise Value 5.86b / Total Assets 8.95b)
Interest Expense / Debt = 6.90% (Interest Expense 342.0m / Debt 4.96b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 225.9m (EBIT 286.0m * (1 - 21.00%))
Current Ratio = 1.26 (Total Current Assets 2.38b / Total Current Liabilities 1.89b)
Debt / Equity = 3.89 (Debt 4.96b / totalStockholderEquity, last quarter 1.28b)
Debt / EBITDA = 5.98 (Net Debt 4.64b / EBITDA 776.0m)
Debt / FCF = 122.2 (Net Debt 4.64b / FCF TTM 38.0m)
Total Stockholder Equity = 1.28b (last 4 quarters mean from totalStockholderEquity)
RoA = -2.10% (Net Income -186.0m / Total Assets 8.95b)
RoE = -14.49% (Net Income TTM -186.0m / Total Stockholder Equity 1.28b)
RoCE = 4.70% (EBIT 286.0m / Capital Employed (Equity 1.28b + L.T.Debt 4.80b))
RoIC = 3.27% (NOPAT 225.9m / Invested Capital 6.90b)
WACC = 6.26% (E(1.21b)/V(6.17b) * Re(9.59%) + D(4.96b)/V(6.17b) * Rd(6.90%) * (1-Tc(0.21)))
Discount Rate = 9.59% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -60.0 | Cagr: -0.45%
[DCF] Terminal Value 73.10% ; FCFF base≈42.4m ; Y1≈37.2m ; Y5≈30.0m
[DCF] Fair Price = N/A (negative equity: EV 482.2m - Net Debt 4.64b = -4.16b; debt exceeds intrinsic value)
EPS Correlation: -58.09 | EPS CAGR: -45.82% | SUE: -2.72 | # QB: -1
Revenue Correlation: -94.81 | Revenue CAGR: -4.37% | SUE: 1.53 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.31 | Chg30d=-40.58% | Revisions=-64% | Analysts=8
EPS next Quarter (2026-09-30): EPS=0.47 | Chg30d=-23.60% | Revisions=-64% | Analysts=8
EPS current Year (2026-12-31): EPS=1.19 | Chg30d=-30.57% | Revisions=-64% | GrowthEPS=-25.4% | GrowthRev=+0.9%
EPS next Year (2027-12-31): EPS=1.90 | Chg30d=-11.28% | Revisions=-50% | GrowthEPS=+59.0% | GrowthRev=+2.0%
[Analyst] Revisions Ratio: -64%