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OATLY GROUP AB (OTLY) Stock Fundamental Analysis

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

16.04  +0.97 (+6.44%)

Fundamental Rating

1

OTLY gets a fundamental rating of 1 out of 10. The analysis compared the fundamentals against 91 industry peers in the Food Products industry. OTLY has a bad profitability rating. Also its financial health evaluation is rather negative. OTLY is valied quite expensively at the moment, while it does show a decent growth rate.


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.
In the past year OTLY has reported a negative cash flow from operations.
OTLY had negative earnings in each of the past 5 years.
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

OTLY has a Return On Assets of -21.26%. This is amonst the worse of the industry: OTLY underperforms 80.22% of its industry peers.
OTLY's Return On Equity of -139.85% is on the low side compared to the rest of the industry. OTLY is outperformed by 84.62% of its industry peers.
Industry RankSector Rank
ROA -21.26%
ROE -139.85%
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

Looking at the Gross Margin, with a value of 30.57%, OTLY is in the better half of the industry, outperforming 70.33% of the companies in the same industry.
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 30.57%
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.
The number of shares outstanding for OTLY has been increased compared to 1 year ago.
Compared to 5 years ago, OTLY has more shares outstanding
OTLY has a worse debt/assets ratio than last year.
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

OTLY has an Altman-Z score of -1.74. This is a bad value and indicates that OTLY is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -1.74, OTLY is doing worse than 80.22% of the companies in the same industry.
A Debt/Equity ratio of 1.21 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 1.21, OTLY is doing worse than 75.82% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.21
Debt/FCF N/A
Altman-Z -1.74
ROIC/WACCN/A
WACC5.28%
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

A Current Ratio of 0.53 indicates that OTLY may have some problems paying its short term obligations.
OTLY has a worse Current ratio (0.53) than 91.21% of its industry peers.
A Quick Ratio of 0.40 indicates that OTLY may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.40, OTLY is doing worse than 82.42% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.53
Quick Ratio 0.4
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.
The Revenue has been growing slightly by 4.43% in the past year.
The Revenue has been growing by 32.20% on average over the past years. This is a very strong growth!
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

Based on estimates for the next years, OTLY will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.89% on average per year.
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 Y60.33%
EPS Next 2Y26.29%
EPS Next 3Y19.25%
EPS Next 5Y14.89%
Revenue Next Year2.06%
Revenue Next 2Y3.41%
Revenue Next 3Y4.2%
Revenue Next 5Y5.8%

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

The Price/Earnings Ratio is negative for OTLY. In the last year negative earnings were reported.
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 30

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 19.25% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y26.29%
EPS Next 3Y19.25%

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5. Dividend

5.1 Amount

No dividends for OTLY!.
Industry RankSector Rank
Dividend Yield N/A

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OATLY GROUP AB

NASDAQ:OTLY (8/4/2025, 9:56:48 AM)

16.04

+0.97 (+6.44%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)07-23 2025-07-23/bmo
Earnings (Next)11-07 2025-11-07/bmo
Inst Owners49.47%
Inst Owner Change-0.74%
Ins Owners0.31%
Ins Owner ChangeN/A
Market Cap486.19M
Analysts78.57
Price Target23.15 (44.33%)
Short Float %5.01%
Short Ratio10.18
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)9.81%
Min EPS beat(2)-14.15%
Max EPS beat(2)33.77%
EPS beat(4)3
Avg EPS beat(4)13.92%
Min EPS beat(4)-14.15%
Max EPS beat(4)33.77%
EPS beat(8)6
Avg EPS beat(8)0.09%
EPS beat(12)9
Avg EPS beat(12)-2.42%
EPS beat(16)11
Avg EPS beat(16)0.98%
Revenue beat(2)0
Avg Revenue beat(2)-3.98%
Min Revenue beat(2)-4.44%
Max Revenue beat(2)-3.53%
Revenue beat(4)0
Avg Revenue beat(4)-2.76%
Min Revenue beat(4)-4.44%
Max Revenue beat(4)-1.46%
Revenue beat(8)1
Avg Revenue beat(8)-2.64%
Revenue beat(12)3
Avg Revenue beat(12)-2.82%
Revenue beat(16)5
Avg Revenue beat(16)-2.52%
PT rev (1m)2.25%
PT rev (3m)-2.63%
EPS NQ rev (1m)-4.38%
EPS NQ rev (3m)-9.01%
EPS NY rev (1m)0%
EPS NY rev (3m)28.45%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.35%
Revenue NY rev (1m)0.35%
Revenue NY rev (3m)0.73%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.59
P/FCF N/A
P/OCF N/A
P/B 4.03
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-5.26
EYN/A
EPS(NY)-2.19
Fwd EYN/A
FCF(TTM)-4.32
FCFYN/A
OCF(TTM)-2.93
OCFYN/A
SpS27.12
BVpS3.98
TBVpS-0.21
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -21.26%
ROE -139.85%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 30.57%
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 Turnover1.04
Health
Industry RankSector Rank
Debt/Equity 1.21
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 87.16%
Cap/Sales 5.1%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.53
Quick Ratio 0.4
Altman-Z -1.74
F-Score4
WACC5.28%
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 Y60.33%
EPS Next 2Y26.29%
EPS Next 3Y19.25%
EPS Next 5Y14.89%
Revenue 1Y (TTM)4.43%
Revenue growth 3Y8.59%
Revenue growth 5Y32.2%
Sales Q2Q%3.05%
Revenue Next Year2.06%
Revenue Next 2Y3.41%
Revenue Next 3Y4.2%
Revenue Next 5Y5.8%
EBIT growth 1Y65.46%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year107.66%
EBIT Next 3Y34.03%
EBIT Next 5Y23.52%
FCF growth 1Y70.97%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y67.22%
OCF growth 3YN/A
OCF growth 5YN/A