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OATLY GROUP AB (OTLY) Stock Fundamental Analysis

NASDAQ:OTLY - Nasdaq - US67421J1088 - ADR - Currency: USD

0.6162  -0.05 (-6.97%)

After market: 0.6295 +0.01 (+2.16%)

Fundamental Rating

1

Taking everything into account, OTLY scores 1 out of 10 in our fundamental rating. OTLY was compared to 91 industry peers in the Food Products industry. OTLY may be in some trouble as it scores bad on both profitability and health. OTLY is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

OTLY had negative earnings in the past year.
OTLY had a negative operating cash flow in the past year.
OTLY had negative earnings in each of the past 5 years.
In the past 5 years OTLY always reported negative operating cash flow.
OTLY Yearly Net Income VS EBIT VS OCF VS FCFOTLY Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 -100M -200M -300M -400M

1.2 Ratios

With a Return On Assets value of -44.46%, OTLY is not doing good in the industry: 87.21% of the companies in the same industry are doing better.
Looking at the Return On Equity, with a value of -178.33%, OTLY is doing worse than 86.05% of the companies in the same industry.
Industry RankSector Rank
ROA -44.46%
ROE -178.33%
ROIC N/A
ROA(3y)-27.47%
ROA(5y)-20.3%
ROE(3y)-63.83%
ROE(5y)-45.8%
ROIC(3y)N/A
ROIC(5y)N/A
OTLY Yearly ROA, ROE, ROICOTLY Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 -20 -40 -60 -80 -100

1.3 Margins

Looking at the Gross Margin, with a value of 25.81%, OTLY is in the better half of the industry, outperforming 60.47% of the companies in the same industry.
OTLY's Gross Margin has declined in the last couple of years.
The Profit Margin and Operating Margin are not available for OTLY so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 25.81%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-11.04%
GM growth 5YN/A
OTLY Yearly Profit, Operating, Gross MarginsOTLY Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 0 20 -20 -40

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0

2. Health

2.1 Basic Checks

OTLY does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for OTLY has been increased compared to 1 year ago.
OTLY has a worse debt/assets ratio than last year.
OTLY Yearly Shares OutstandingOTLY Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 100M 200M 300M 400M 500M
OTLY Yearly Total Debt VS Total AssetsOTLY Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 500M 1B 1.5B

2.2 Solvency

Based on the Altman-Z score of -2.07, we must say that OTLY is in the distress zone and has some risk of bankruptcy.
OTLY has a Altman-Z score of -2.07. This is amonst the worse of the industry: OTLY underperforms 83.72% of its industry peers.
OTLY has a Debt/Equity ratio of 0.66. This is a neutral value indicating OTLY is somewhat dependend on debt financing.
OTLY has a Debt to Equity ratio (0.66) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF N/A
Altman-Z -2.07
ROIC/WACCN/A
WACC5.77%
OTLY Yearly LT Debt VS Equity VS FCFOTLY Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 0 500M 1B

2.3 Liquidity

OTLY has a Current Ratio of 0.62. This is a bad value and indicates that OTLY is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.62, OTLY is doing worse than 88.37% of the companies in the same industry.
A Quick Ratio of 0.47 indicates that OTLY may have some problems paying its short term obligations.
OTLY has a worse Quick ratio (0.47) than 80.23% of its industry peers.
Industry RankSector Rank
Current Ratio 0.62
Quick Ratio 0.47
OTLY Yearly Current Assets VS Current LiabilitesOTLY Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 200M 400M 600M 800M

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4

3. Growth

3.1 Past

OTLY shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -122.58%.
Looking at the last year, OTLY shows a small growth in Revenue. The Revenue has grown by 5.06% in the last year.
OTLY shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 22.96% yearly.
EPS 1Y (TTM)-122.58%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-185.71%
Revenue 1Y (TTM)5.06%
Revenue growth 3Y22.96%
Revenue growth 5YN/A
Sales Q2Q%10.88%

3.2 Future

Based on estimates for the next years, OTLY will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.56% on average per year.
Based on estimates for the next years, OTLY will show a small growth in Revenue. The Revenue will grow by 6.31% on average per year.
EPS Next Y62.83%
EPS Next 2Y31.3%
EPS Next 3Y21.17%
EPS Next 5Y15.56%
Revenue Next Year7.57%
Revenue Next 2Y7%
Revenue Next 3Y7%
Revenue Next 5Y6.31%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
OTLY Yearly Revenue VS EstimatesOTLY Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 200M 400M 600M 800M 1B
OTLY Yearly EPS VS EstimatesOTLY Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 0 -0.2 -0.4 -0.6

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1

4. Valuation

4.1 Price/Earnings Ratio

OTLY reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for OTLY. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
OTLY Price Earnings VS Forward Price EarningsOTLY Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60 80

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
OTLY Per share dataOTLY EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 -0.5 1

4.3 Compensation for Growth

OTLY's earnings are expected to grow with 21.17% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y31.3%
EPS Next 3Y21.17%

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0

5. Dividend

5.1 Amount

OTLY does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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OATLY GROUP AB

NASDAQ:OTLY (1/31/2025, 5:26:24 PM)

After market: 0.6295 +0.01 (+2.16%)

0.6162

-0.05 (-6.97%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)11-07 2024-11-07/bmo
Earnings (Next)N/A N/A
Inst Owners61.05%
Inst Owner Change-0.02%
Ins Owners1.75%
Ins Owner ChangeN/A
Market Cap367.83M
Analysts77.5
Price Target1.91 (209.96%)
Short Float %4.71%
Short Ratio8.48
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)18.02%
Min EPS beat(2)6.08%
Max EPS beat(2)29.97%
EPS beat(4)3
Avg EPS beat(4)-43.79%
Min EPS beat(4)-219.7%
Max EPS beat(4)29.97%
EPS beat(8)7
Avg EPS beat(8)0.11%
EPS beat(12)8
Avg EPS beat(12)-5.09%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-1.55%
Min Revenue beat(2)-1.63%
Max Revenue beat(2)-1.46%
Revenue beat(4)1
Avg Revenue beat(4)0.05%
Min Revenue beat(4)-1.63%
Max Revenue beat(4)4.59%
Revenue beat(8)3
Avg Revenue beat(8)-0.69%
Revenue beat(12)5
Avg Revenue beat(12)-1.68%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)15.66%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-11.32%
EPS NY rev (1m)0%
EPS NY rev (3m)4.89%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.75%
Revenue NY rev (1m)-0.01%
Revenue NY rev (3m)-0.59%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.45
P/FCF N/A
P/OCF N/A
P/B 1.6
P/tB 3.59
EV/EBITDA N/A
EPS(TTM)-0.69
EYN/A
EPS(NY)-0.18
Fwd EYN/A
FCF(TTM)-0.28
FCFYN/A
OCF(TTM)-0.2
OCFYN/A
SpS1.36
BVpS0.38
TBVpS0.17
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -44.46%
ROE -178.33%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 25.81%
FCFM N/A
ROA(3y)-27.47%
ROA(5y)-20.3%
ROE(3y)-63.83%
ROE(5y)-45.8%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-11.04%
GM growth 5YN/A
F-Score3
Asset Turnover0.88
Health
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 87.62%
Cap/Sales 5.65%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.62
Quick Ratio 0.47
Altman-Z -2.07
F-Score3
WACC5.77%
ROIC/WACCN/A
Cap/Depr(3y)531.59%
Cap/Depr(5y)674.87%
Cap/Sales(3y)27.05%
Cap/Sales(5y)28.5%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-122.58%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-185.71%
EPS Next Y62.83%
EPS Next 2Y31.3%
EPS Next 3Y21.17%
EPS Next 5Y15.56%
Revenue 1Y (TTM)5.06%
Revenue growth 3Y22.96%
Revenue growth 5YN/A
Sales Q2Q%10.88%
Revenue Next Year7.57%
Revenue Next 2Y7%
Revenue Next 3Y7%
Revenue Next 5Y6.31%
EBIT growth 1Y-12.94%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year84.5%
EBIT Next 3Y28.37%
EBIT Next 5Y19.12%
FCF growth 1Y69.71%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y57.8%
OCF growth 3YN/A
OCF growth 5YN/A