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OATLY GROUP AB (OTLY) Stock Fundamental Analysis

USA - NASDAQ:OTLY - US67421J2078 - ADR

15.64 USD
+0.65 (+4.34%)
Last: 10/24/2025, 8:00:02 PM
15.3032 USD
-0.34 (-2.15%)
After Hours: 10/24/2025, 8:00:02 PM
Fundamental Rating

1

Overall OTLY gets a fundamental rating of 1 out of 10. We evaluated OTLY against 86 industry peers in the Food Products industry. OTLY may be in some trouble as it scores bad on both profitability and health. While showing a medium growth rate, OTLY is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year OTLY has reported negative net income.
OTLY had a negative operating cash flow in the past year.
In the past 5 years OTLY always reported negative net income.
OTLY had a negative operating cash flow in each of the past 5 years.
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 2024 -100M -200M -300M -400M

1.2 Ratios

With a Return On Assets value of -24.17%, OTLY is not doing good in the industry: 80.46% of the companies in the same industry are doing better.
The Return On Equity of OTLY (-203.43%) is worse than 86.21% of its industry peers.
Industry RankSector Rank
ROA -24.17%
ROE -203.43%
ROIC N/A
ROA(3y)-31.49%
ROA(5y)-23.28%
ROE(3y)-122.45%
ROE(5y)-80.59%
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 2024 -50 -100 -150

1.3 Margins

The Gross Margin of OTLY (31.46%) is better than 72.41% of its industry peers.
OTLY's Gross Margin has declined in the last couple of years.
OTLY does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 31.47%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y5.68%
GM growth 5Y-2.28%
OTLY Yearly Profit, Operating, Gross MarginsOTLY Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 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.
Compared to 1 year ago, OTLY has more shares outstanding
The number of shares outstanding for OTLY has been increased compared to 5 years ago.
Compared to 1 year ago, OTLY has a worse debt to assets ratio.
OTLY Yearly Shares OutstandingOTLY Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 10M 20M 30M
OTLY Yearly Total Debt VS Total AssetsOTLY Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.2 Solvency

Based on the Altman-Z score of -1.80, we must say that OTLY is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of OTLY (-1.80) is worse than 80.46% of its industry peers.
OTLY has a Debt/Equity ratio of 1.52. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.52, OTLY is not doing good in the industry: 83.91% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.52
Debt/FCF N/A
Altman-Z -1.8
ROIC/WACCN/A
WACC5.43%
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 2024 0 500M 1B

2.3 Liquidity

OTLY has a Current Ratio of 0.49. This is a bad value and indicates that OTLY is not financially healthy enough and could expect problems in meeting its short term obligations.
OTLY has a Current ratio of 0.49. This is amonst the worse of the industry: OTLY underperforms 90.80% of its industry peers.
A Quick Ratio of 0.37 indicates that OTLY may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.37, OTLY is doing worse than 83.91% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.49
Quick Ratio 0.37
OTLY Yearly Current Assets VS Current LiabilitesOTLY Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

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4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 53.04% over the past year.
Looking at the last year, OTLY shows a small growth in Revenue. The Revenue has grown by 4.43% in the last year.
OTLY shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 32.20% yearly.
EPS 1Y (TTM)53.04%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-86%
Revenue 1Y (TTM)4.43%
Revenue growth 3Y8.59%
Revenue growth 5Y32.2%
Sales Q2Q%3.05%

3.2 Future

The Earnings Per Share is expected to grow by 14.89% on average over the next years. This is quite good.
OTLY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.80% yearly.
EPS Next Y42.01%
EPS Next 2Y25.29%
EPS Next 3Y18.01%
EPS Next 5Y14.89%
Revenue Next Year1.14%
Revenue Next 2Y2.91%
Revenue Next 3Y3.68%
Revenue Next 5Y5.8%

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 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 0 -2 -4 -6 -8 -10

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0

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 10 20

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 10 20

4.3 Compensation for Growth

OTLY's earnings are expected to grow with 18.01% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y25.29%
EPS Next 3Y18.01%

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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 (10/24/2025, 8:00:02 PM)

After market: 15.3032 -0.34 (-2.15%)

15.64

+0.65 (+4.34%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)07-23 2025-07-23/bmo
Earnings (Next)10-29 2025-10-29/bmo
Inst Owners49.64%
Inst Owner Change0%
Ins Owners0.3%
Ins Owner ChangeN/A
Market Cap474.06M
Revenue(TTM)828.20M
Net Income(TTM)-194107000
Analysts80
Price Target20.74 (32.61%)
Short Float %4.05%
Short Ratio8.93
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)1
Avg EPS beat(2)-42.49%
Min EPS beat(2)-118.75%
Max EPS beat(2)33.77%
EPS beat(4)2
Avg EPS beat(4)-23.26%
Min EPS beat(4)-118.75%
Max EPS beat(4)33.77%
EPS beat(8)5
Avg EPS beat(8)-14.75%
EPS beat(12)8
Avg EPS beat(12)-13.61%
EPS beat(16)10
Avg EPS beat(16)-6.97%
Revenue beat(2)1
Avg Revenue beat(2)-2.13%
Min Revenue beat(2)-4.44%
Max Revenue beat(2)0.18%
Revenue beat(4)1
Avg Revenue beat(4)-2.35%
Min Revenue beat(4)-4.44%
Max Revenue beat(4)0.18%
Revenue beat(8)2
Avg Revenue beat(8)-1.58%
Revenue beat(12)4
Avg Revenue beat(12)-2.4%
Revenue beat(16)6
Avg Revenue beat(16)-2.35%
PT rev (1m)0%
PT rev (3m)-10.43%
EPS NQ rev (1m)-3.61%
EPS NQ rev (3m)-13.66%
EPS NY rev (1m)-18.08%
EPS NY rev (3m)-46.19%
Revenue NQ rev (1m)-0.28%
Revenue NQ rev (3m)0.44%
Revenue NY rev (1m)-0.1%
Revenue NY rev (3m)-0.56%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.57
P/FCF N/A
P/OCF N/A
P/B 4.97
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-5.26
EYN/A
EPS(NY)-2.32
Fwd EYN/A
FCF(TTM)-2.47
FCFYN/A
OCF(TTM)-1.43
OCFYN/A
SpS27.32
BVpS3.15
TBVpS-1.26
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -24.17%
ROE -203.43%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 31.47%
FCFM N/A
ROA(3y)-31.49%
ROA(5y)-23.28%
ROE(3y)-122.45%
ROE(5y)-80.59%
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
ROICexgc growth 3YN/A
ROICexgc 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 3Y5.68%
GM growth 5Y-2.28%
F-Score4
Asset Turnover1.03
Health
Industry RankSector Rank
Debt/Equity 1.52
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 65.41%
Cap/Sales 3.8%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.49
Quick Ratio 0.37
Altman-Z -1.8
F-Score4
WACC5.43%
ROIC/WACCN/A
Cap/Depr(3y)214.22%
Cap/Depr(5y)551.51%
Cap/Sales(3y)14.12%
Cap/Sales(5y)23.96%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)53.04%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-86%
EPS Next Y42.01%
EPS Next 2Y25.29%
EPS Next 3Y18.01%
EPS Next 5Y14.89%
Revenue 1Y (TTM)4.43%
Revenue growth 3Y8.59%
Revenue growth 5Y32.2%
Sales Q2Q%3.05%
Revenue Next Year1.14%
Revenue Next 2Y2.91%
Revenue Next 3Y3.68%
Revenue Next 5Y5.8%
EBIT growth 1Y66.18%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year104.39%
EBIT Next 3Y34.96%
EBIT Next 5Y23.52%
FCF growth 1Y80.7%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y82.96%
OCF growth 3YN/A
OCF growth 5YN/A

OATLY GROUP AB / OTLY FAQ

What is the ChartMill fundamental rating of OATLY GROUP AB (OTLY) stock?

ChartMill assigns a fundamental rating of 1 / 10 to OTLY.


What is the valuation status for OTLY stock?

ChartMill assigns a valuation rating of 0 / 10 to OATLY GROUP AB (OTLY). This can be considered as Overvalued.


Can you provide the profitability details for OATLY GROUP AB?

OATLY GROUP AB (OTLY) has a profitability rating of 1 / 10.


Can you provide the expected EPS growth for OTLY stock?

The Earnings per Share (EPS) of OATLY GROUP AB (OTLY) is expected to grow by 42.01% in the next year.