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OATLY GROUP AB (OTLY) Stock Fundamental Analysis

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

10.74  -0.49 (-4.36%)

After market: 10.9 +0.16 (+1.49%)

Fundamental Rating

1

We assign a fundamental rating of 1 out of 10 to OTLY. OTLY was compared to 89 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.
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

Looking at the Return On Assets, with a value of -25.12%, OTLY is doing worse than 82.02% of the companies in the same industry.
OTLY's Return On Equity of -192.91% is on the low side compared to the rest of the industry. OTLY is outperformed by 84.27% 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 better Gross Margin (29.09%) than 65.17% of its industry peers.
In the last couple of years the Gross Margin of OTLY has declined.
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 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.
Compared to 1 year ago, OTLY has more shares outstanding
OTLY has more shares outstanding than it did 5 years ago.
The debt/assets ratio for OTLY is higher compared to a year ago.
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

OTLY has an Altman-Z score of -1.86. This is a bad value and indicates that OTLY is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of OTLY (-1.86) is worse than 79.78% of its industry peers.
OTLY has a Debt/Equity ratio of 1.41. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.41, OTLY is not doing good in the industry: 79.78% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.41
Debt/FCF N/A
Altman-Z -1.86
ROIC/WACCN/A
WACC5.12%
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.
OTLY has a Current ratio of 0.56. This is amonst the worse of the industry: OTLY underperforms 88.76% of its industry peers.
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.
Looking at the Quick ratio, with a value of 0.44, OTLY is doing worse than 78.65% of the companies in the same industry.
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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4

3. Growth

3.1 Past

OTLY shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -425.00%.
OTLY shows a small growth in Revenue. In the last year, the Revenue has grown by 5.15%.
The Revenue has been growing by 32.20% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-425%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-537.5%
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 14.91% 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 Y-2.17%
EPS Next 2Y8.3%
EPS Next 3Y10.8%
EPS Next 5Y14.91%
Revenue Next Year1.32%
Revenue Next 2Y3.7%
Revenue Next 3Y4.73%
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

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

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y8.3%
EPS Next 3Y10.8%

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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 (5/2/2025, 8:16:12 PM)

After market: 10.9 +0.16 (+1.49%)

10.74

-0.49 (-4.36%)

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-2.44%
Ins Owners1.75%
Ins Owner ChangeN/A
Market Cap321.43M
Analysts78.67
Price Target23.78 (121.42%)
Short Float %5.1%
Short Ratio5.11
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)-21.54%
PT rev (3m)1142.97%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1700.41%
EPS NY rev (1m)0%
EPS NY rev (3m)-1519.31%
Revenue NQ rev (1m)-0.13%
Revenue NQ rev (3m)-4.88%
Revenue NY rev (1m)-1.9%
Revenue NY rev (3m)-4.84%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.39
P/FCF N/A
P/OCF N/A
P/B 3.07
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-3.36
EYN/A
EPS(NY)-2.42
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
WACC5.12%
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)-425%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-537.5%
EPS Next Y-2.17%
EPS Next 2Y8.3%
EPS Next 3Y10.8%
EPS Next 5Y14.91%
Revenue 1Y (TTM)5.15%
Revenue growth 3Y8.59%
Revenue growth 5Y32.2%
Sales Q2Q%-0.82%
Revenue Next Year1.32%
Revenue Next 2Y3.7%
Revenue Next 3Y4.73%
Revenue Next 5Y5.8%
EBIT growth 1Y65.42%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year104.07%
EBIT Next 3Y34.81%
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