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OATLY GROUP AB (OTLY) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:OTLY - US67421J2078 - ADR

11.66 USD
-0.22 (-1.85%)
Last: 1/6/2026, 8:00:02 PM
11.61 USD
-0.05 (-0.43%)
After Hours: 1/6/2026, 8:00:02 PM
Fundamental Rating

1

Taking everything into account, OTLY scores 1 out of 10 in our fundamental rating. OTLY was compared to 87 industry peers in the Food Products industry. Both the profitability and financial health of OTLY have multiple concerns. 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.
In the past 5 years OTLY always reported negative net income.
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 -28.84%, OTLY is doing worse than 78.16% of the companies in the same industry.
OTLY's Return On Equity of -1203.03% is on the low side compared to the rest of the industry. OTLY is outperformed by 87.36% of its industry peers.
Industry RankSector Rank
ROA -28.84%
ROE -1203.03%
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 31.45%, OTLY is in the better half of the industry, outperforming 72.41% 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 31.45%
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.
The number of shares outstanding for OTLY has been increased compared to 1 year ago.
OTLY has more shares outstanding than it did 5 years 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 2024 5M 10M 15M 20M 25M
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 -2.41. 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 (-2.41) is worse than 79.31% of its industry peers.
A Debt/Equity ratio of 7.67 is on the high side and indicates that OTLY has dependencies on debt financing.
OTLY has a Debt to Equity ratio of 7.67. This is amonst the worse of the industry: OTLY underperforms 87.36% of its industry peers.
Industry RankSector Rank
Debt/Equity 7.67
Debt/FCF N/A
Altman-Z -2.41
ROIC/WACCN/A
WACC5.18%
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 0.42 indicates that OTLY may have some problems paying its short term obligations.
The Current ratio of OTLY (0.42) is worse than 90.80% of its industry peers.
OTLY has a Quick Ratio of 0.42. 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 0.32, OTLY is not doing good in the industry: 87.36% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.42
Quick Ratio 0.32
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 55.00% over the past year.
Looking at the last year, OTLY shows a small growth in Revenue. The Revenue has grown by 3.63% 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)55%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-79.17%
Revenue 1Y (TTM)3.63%
Revenue growth 3Y8.59%
Revenue growth 5Y32.2%
Sales Q2Q%7.11%

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.
The Revenue is expected to grow by 4.15% on average over the next years.
EPS Next Y11.82%
EPS Next 2Y21.91%
EPS Next 3Y17.23%
EPS Next 5Y14.89%
Revenue Next Year2.07%
Revenue Next 2Y3.35%
Revenue Next 3Y4.09%
Revenue Next 5Y4.15%

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.
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 17.23% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y21.91%
EPS Next 3Y17.23%

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0

5. Dividend

5.1 Amount

No dividends for OTLY!.
Industry RankSector Rank
Dividend Yield 0%

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OATLY GROUP AB

NASDAQ:OTLY (1/6/2026, 8:00:02 PM)

After market: 11.61 -0.05 (-0.43%)

11.66

-0.22 (-1.85%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)10-29 2025-10-29/bmo
Earnings (Next)02-12 2026-02-12/amc
Inst Owners49.92%
Inst Owner Change0%
Ins Owners0.3%
Ins Owner ChangeN/A
Market Cap353.61M
Revenue(TTM)843.00M
Net Income(TTM)-224.83M
Analysts80
Price Target20.23 (73.5%)
Short Float %2.33%
Short Ratio6.59
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)0
Avg EPS beat(2)-154.44%
Min EPS beat(2)-190.14%
Max EPS beat(2)-118.75%
EPS beat(4)1
Avg EPS beat(4)-72.32%
Min EPS beat(4)-190.14%
Max EPS beat(4)33.77%
EPS beat(8)4
Avg EPS beat(8)-58.05%
EPS beat(12)8
Avg EPS beat(12)-24.04%
EPS beat(16)9
Avg EPS beat(16)-21.9%
Revenue beat(2)2
Avg Revenue beat(2)1.59%
Min Revenue beat(2)0.18%
Max Revenue beat(2)3.01%
Revenue beat(4)2
Avg Revenue beat(4)-1.19%
Min Revenue beat(4)-4.44%
Max Revenue beat(4)3.01%
Revenue beat(8)3
Avg Revenue beat(8)-0.57%
Revenue beat(12)5
Avg Revenue beat(12)-0.86%
Revenue beat(16)7
Avg Revenue beat(16)-1.56%
PT rev (1m)-4.03%
PT rev (3m)-2.46%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-19.82%
EPS NY rev (1m)0%
EPS NY rev (3m)-79.56%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.71%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.86%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.42
P/FCF N/A
P/OCF N/A
P/B 18.92
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-6.21
EYN/A
EPS(NY)-2.77
Fwd EYN/A
FCF(TTM)-1.77
FCFYN/A
OCF(TTM)-0.91
OCFYN/A
SpS27.8
BVpS0.62
TBVpS-3.82
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -28.84%
ROE -1203.03%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 31.45%
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 Turnover1.08
Health
Industry RankSector Rank
Debt/Equity 7.67
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 54.65%
Cap/Sales 3.09%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.42
Quick Ratio 0.32
Altman-Z -2.41
F-Score4
WACC5.18%
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)55%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-79.17%
EPS Next Y11.82%
EPS Next 2Y21.91%
EPS Next 3Y17.23%
EPS Next 5Y14.89%
Revenue 1Y (TTM)3.63%
Revenue growth 3Y8.59%
Revenue growth 5Y32.2%
Sales Q2Q%7.11%
Revenue Next Year2.07%
Revenue Next 2Y3.35%
Revenue Next 3Y4.09%
Revenue Next 5Y4.15%
EBIT growth 1Y66.27%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year105.3%
EBIT Next 3Y34.27%
EBIT Next 5Y20.96%
FCF growth 1Y81.44%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y86.55%
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.


Can you provide the valuation status for OATLY GROUP AB?

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.


What is the earnings growth outlook for OATLY GROUP AB?

The Earnings per Share (EPS) of OATLY GROUP AB (OTLY) is expected to grow by 11.82% in the next year.