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OATLY GROUP AB (OTLY) Stock Fundamental Analysis

NASDAQ:OTLY - Nasdaq - US67421J2078 - ADR - Currency: USD

11.315  +1.06 (+10.39%)

After market: 11.6 +0.29 (+2.52%)

Fundamental Rating

1

Taking everything into account, OTLY scores 1 out of 10 in our fundamental rating. OTLY was compared to 90 industry peers in the Food Products industry. Both the profitability and financial health of OTLY have multiple concerns. 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.
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 2024 -100M -200M -300M -400M

1.2 Ratios

With a Return On Assets value of -25.12%, OTLY is not doing good in the industry: 81.11% of the companies in the same industry are doing better.
OTLY has a Return On Equity of -192.91%. This is amonst the worse of the industry: OTLY underperforms 85.56% of its industry peers.
Industry RankSector Rank
ROA -25.12%
ROE -192.91%
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

OTLY has a Gross Margin of 29.09%. This is in the better half of the industry: OTLY outperforms 65.56% of its industry peers.
In the last couple of years the Gross Margin of OTLY has declined.
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 29.09%
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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2. Health

2.1 Basic Checks

OTLY does not have a ROIC to compare to the WACC, probably because it is not profitable.
OTLY has more shares outstanding than it did 1 year ago.
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 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 2024 500M 1B 1.5B

2.2 Solvency

Based on the Altman-Z score of -1.86, we must say that OTLY is in the distress zone and has some risk of bankruptcy.
OTLY has a Altman-Z score of -1.86. This is amonst the worse of the industry: OTLY underperforms 81.11% of its industry peers.
A Debt/Equity ratio of 1.41 is on the high side and indicates that OTLY has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.41, OTLY is doing worse than 80.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.41
Debt/FCF N/A
Altman-Z -1.86
ROIC/WACCN/A
WACC5.09%
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 0.56. 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 0.56, OTLY is doing worse than 90.00% of the companies in the same industry.
OTLY has a Quick Ratio of 0.56. This is a bad value and indicates that OTLY is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.44, OTLY is not doing good in the industry: 78.89% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.56
Quick Ratio 0.44
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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3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 65.62% over the past year.
Looking at the last year, OTLY shows a small growth in Revenue. The Revenue has grown by 5.15% in the last year.
The Revenue has been growing by 32.20% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)65.62%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%62.5%
Revenue 1Y (TTM)5.15%
Revenue growth 3Y8.59%
Revenue growth 5Y32.2%
Sales Q2Q%-0.82%

3.2 Future

The Earnings Per Share is expected to grow by 14.89% on average over the next years. This is quite good.
Based on estimates for the next years, OTLY will show a small growth in Revenue. The Revenue will grow by 5.80% on average per year.
EPS Next Y48.34%
EPS Next 2Y28.4%
EPS Next 3Y19.3%
EPS Next 5Y14.89%
Revenue Next Year2%
Revenue Next 2Y3.69%
Revenue Next 3Y4.15%
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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4. Valuation

4.1 Price/Earnings Ratio

OTLY reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year OTLY is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
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

A more expensive valuation may be justified as OTLY's earnings are expected to grow with 19.30% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y28.4%
EPS Next 3Y19.3%

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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 (5/23/2025, 8:45:01 PM)

After market: 11.6 +0.29 (+2.52%)

11.315

+1.06 (+10.39%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)04-30 2025-04-30/bmo
Earnings (Next)07-24 2025-07-24/bmo
Inst Owners61.6%
Inst Owner Change-96.32%
Ins Owners1.75%
Ins Owner ChangeN/A
Market Cap338.64M
Analysts78.67
Price Target21.16 (87.01%)
Short Float %4.83%
Short Ratio11.53
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)-4.04%
Min EPS beat(2)-14.15%
Max EPS beat(2)6.08%
EPS beat(4)3
Avg EPS beat(4)7.6%
Min EPS beat(4)-14.15%
Max EPS beat(4)29.97%
EPS beat(8)6
Avg EPS beat(8)-2.1%
EPS beat(12)8
Avg EPS beat(12)-5.34%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-2.58%
Min Revenue beat(2)-3.53%
Max Revenue beat(2)-1.63%
Revenue beat(4)0
Avg Revenue beat(4)-1.97%
Min Revenue beat(4)-3.53%
Max Revenue beat(4)-1.28%
Revenue beat(8)2
Avg Revenue beat(8)-1.81%
Revenue beat(12)4
Avg Revenue beat(12)-2.36%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-11.03%
PT rev (3m)-33.39%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1696.76%
EPS NY rev (1m)6.81%
EPS NY rev (3m)20.72%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.83%
Revenue NY rev (1m)0.66%
Revenue NY rev (3m)-1.9%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.41
P/FCF N/A
P/OCF N/A
P/B 3.23
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-4.4
EYN/A
EPS(NY)-1.9
Fwd EYN/A
FCF(TTM)-5.2
FCFYN/A
OCF(TTM)-3.82
OCFYN/A
SpS27.52
BVpS3.5
TBVpS-0.38
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -25.12%
ROE -192.91%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 29.09%
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
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 3Y5.68%
GM growth 5Y-2.28%
F-Score4
Asset Turnover1.02
Health
Industry RankSector Rank
Debt/Equity 1.41
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 82.45%
Cap/Sales 5%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.56
Quick Ratio 0.44
Altman-Z -1.86
F-Score4
WACC5.09%
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)65.62%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%62.5%
EPS Next Y48.34%
EPS Next 2Y28.4%
EPS Next 3Y19.3%
EPS Next 5Y14.89%
Revenue 1Y (TTM)5.15%
Revenue growth 3Y8.59%
Revenue growth 5Y32.2%
Sales Q2Q%-0.82%
Revenue Next Year2%
Revenue Next 2Y3.69%
Revenue Next 3Y4.15%
Revenue Next 5Y5.8%
EBIT growth 1Y65.42%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year107.66%
EBIT Next 3Y34.03%
EBIT Next 5Y23.52%
FCF growth 1Y33.68%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y30.91%
OCF growth 3YN/A
OCF growth 5YN/A