(OCI) OCI - Overview

Exchange: AS • Country: Netherlands • Currency: EUR • Type: Common Stock • ISIN: NL0010558797

Stock: Ammonia, Methanol, Urea, Nitrogen, Melamine

Total Rating 9
Risk 35
Buy Signal 0.25

EPS (Earnings per Share)

EPS (Earnings per Share) of OCI over the last years for every Quarter: "2020-12": -0.27, "2021-03": 0.45, "2021-06": 0.57, "2021-09": 0.27, "2021-12": 1.4, "2022-03": 1.69, "2022-06": 2.26, "2022-09": 1.5, "2022-12": 0.97, "2023-03": -0.07, "2023-06": -0.43, "2023-09": -0.56, "2023-12": -0.22, "2024-03": 0.17, "2024-06": 0.02, "2024-09": 0, "2024-12": 0.12, "2025-03": 0, "2025-06": -1.57,

Revenue

Revenue of OCI over the last years for every Quarter: 2020-12: 1035.7, 2021-03: 1119.6, 2021-06: 1462.9, 2021-09: 1537.3, 2021-12: 2198.9, 2022-03: 2327.8, 2022-06: 2857.7, 2022-09: 2330.4, 2022-12: 2197.2, 2023-03: 1371.3, 2023-06: 1372.1, 2023-09: 1068.9, 2023-12: 494.5, 2024-03: 513, 2024-06: 494.9, 2024-09: -16.399999, 2024-12: -16.399999, 2025-03: 283.45, 2025-06: 283.45,

Dividends

Dividend Yield 122.26%
Yield on Cost 5y 305.30%
Yield CAGR 5y 11.99%
Payout Consistency 85.7%
Payout Ratio -
Risk 5d forecast
Volatility 39.5%
Relative Tail Risk -23.3%
Reward TTM
Sharpe Ratio -0.30
Alpha -18.31
Character TTM
Beta 0.105
Beta Downside -0.109
Drawdowns 3y
Max DD 47.59%
CAGR/Max DD -0.13

Description: OCI OCI January 15, 2026

OCI N.V. (AS: OCI) is a Dutch-based producer and distributor of hydrogen-derived and natural-gas-derived nitrogen chemicals, serving agricultural, transportation, and industrial markets across Europe, the Americas, the Middle East, Africa, Asia, and Oceania. The firm operates through three reporting segments-Methanol US, Methanol Europe, and Nitrogen Europe-and offers a portfolio that includes anhydrous ammonia, granular urea, urea-ammonium-nitrate solutions, calcium ammonium nitrate, ammonium sulphate, renewable-low-carbon ammonia, nitric acid, bio-methanol, methanol, melamine, CO₂, and diesel-exhaust fluid, plus ancillary storage and shipping services for ammonia at Rotterdam.

Key operational metrics: as of FY 2023, OCI reported an adjusted EBITDA margin of roughly 12 % and a total production capacity of ~5 Mt CO₂-equivalent of nitrogen products, with a 30 % share of its ammonia output sold into the EU market, where tightening nitrogen-emission standards are driving demand for low-carbon fertilizers. The company’s exposure to natural-gas price volatility remains a material risk, but its recent investments in green-hydrogen and bio-methanol projects aim to decouple earnings from fossil-fuel input costs and align with the EU’s Green Deal incentives.

For a deeper quantitative assessment, see the OCI page on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 2.0

Net Income: 5.31b TTM > 0 and > 6% of Revenue
FCF/TA: -0.07 > 0.02 and ΔFCF/TA -8.07 > 1.0
NWC/Revenue: 188.4% < 20% (prev 77.06%; Δ 111.3% < -1%)
CFO/TA -0.12 > 3% & CFO -407.4m > Net Income 5.31b
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 1.65 > 1.5 & < 3
Outstanding Shares: last quarter (210.9m) vs 12m ago -0.06% < -2%
Gross Margin: -19.77% > 18% (prev 0.08%; Δ -1986 % > 0.5%)
Asset Turnover: 8.53% > 50% (prev 28.63%; Δ -20.10% > 0%)
Interest Coverage Ratio: -2.43 > 6 (EBITDA TTM -212.0m / Interest Expense TTM 107.4m)

Altman Z'' 2.22

A: 0.28 (Total Current Assets 2.55b - Total Current Liabilities 1.54b) / Total Assets 3.54b
B: 0.14 (Retained Earnings 479.0m / Total Assets 3.54b)
C: -0.04 (EBIT TTM -260.7m / Avg Total Assets 6.26b)
D: 0.18 (Book Value of Equity 303.9m / Total Liabilities 1.67b)
Altman-Z'' Score: 2.22 = BBB

Beneish M 1.00

DSRI: 8.74 (Receivables 693.3m/382.1m, Revenue 534.1m/2.57b)
GMI: 1.00 (fallback, negative margins)
AQI: 2.37 (AQ_t 0.11 / AQ_t-1 0.05)
SGI: 0.21 (Revenue 534.1m / 2.57b)
TATA: 1.62 (NI 5.31b - CFO -407.4m) / TA 3.54b)
Beneish M-Score: 5.25 (Cap -4..+1) = D

What is the price of OCI shares?

As of February 08, 2026, the stock is trading at EUR 3.68 with a total of 1,072,158 shares traded.
Over the past week, the price has changed by +9.08%, over one month by +20.52%, over three months by +11.94% and over the past year by -11.43%.

Is OCI a buy, sell or hold?

OCI has no consensus analysts rating.

What are the forecasts/targets for the OCI price?

Issuer Target Up/Down from current
Wallstreet Target Price 5.8 57.9%
Analysts Target Price - -
ValueRay Target Price 11.4 210.3%

OCI Fundamental Data Overview February 03, 2026

Market Cap USD = 899.0m (761.8m EUR * 1.1801 EUR.USD)
Market Cap USD = 899.0m (761.8m EUR * 1.1801 EUR.USD)
P/E Forward = 30.2115
P/S = 0.7005
P/B = 0.4452
Revenue TTM = 534.1m USD
EBIT TTM = -260.7m USD
EBITDA TTM = -212.0m USD
Long Term Debt = 114.7m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 755.8m USD (from shortTermDebt, last quarter)
Debt = 853.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -915.7m USD (from netDebt column, last quarter)
Enterprise Value = -16.7m USD (899.0m + Debt 853.7m - CCE 1.77b)
Interest Coverage Ratio = -2.43 (Ebit TTM -260.7m / Interest Expense TTM 107.4m)
EV/FCF = 0.06x (Enterprise Value -16.7m / FCF TTM -264.2m)
FCF Yield = 1583 % (FCF TTM -264.2m / Enterprise Value -16.7m)
FCF Margin = -49.47% (FCF TTM -264.2m / Revenue TTM 534.1m)
Net Margin = 994.6% (Net Income TTM 5.31b / Revenue TTM 534.1m)
Gross Margin = -19.77% ((Revenue TTM 534.1m - Cost of Revenue TTM 639.7m) / Revenue TTM)
Gross Margin QoQ = -5.66% (prev -5.66%)
Tobins Q-Ratio = -0.00 (set to none) (Enterprise Value -16.7m / Total Assets 3.54b)
Interest Expense / Debt = 6.29% (Interest Expense 53.7m / Debt 853.7m)
Taxrate = 21.0% (US default 21%)
NOPAT = -206.0m (EBIT -260.7m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.65 (Total Current Assets 2.55b / Total Current Liabilities 1.54b)
Debt / Equity = 0.46 (Debt 853.7m / totalStockholderEquity, last quarter 1.86b)
Debt / EBITDA = 4.32 (negative EBITDA) (Net Debt -915.7m / EBITDA -212.0m)
Debt / FCF = 3.47 (negative FCF - burning cash) (Net Debt -915.7m / FCF TTM -264.2m)
Total Stockholder Equity = 2.05b (last 4 quarters mean from totalStockholderEquity)
RoA = 84.87% (Net Income 5.31b / Total Assets 3.54b)
RoE = 258.7% (Net Income TTM 5.31b / Total Stockholder Equity 2.05b)
RoCE = -12.03% (EBIT -260.7m / Capital Employed (Equity 2.05b + L.T.Debt 114.7m))
RoIC = -7.91% (negative operating profit) (NOPAT -206.0m / Invested Capital 2.60b)
WACC = 5.65% (E(899.0m)/V(1.75b) * Re(6.30%) + D(853.7m)/V(1.75b) * Rd(6.29%) * (1-Tc(0.21)))
Discount Rate = 6.30% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 33.33 | Cagr: 0.01%
Fair Price DCF = unknown (Cash Flow -264.2m)
EPS Correlation: -70.57 | EPS CAGR: -65.41% | SUE: -3.96 | # QB: 0
Revenue Correlation: -56.59 | Revenue CAGR: -36.29% | SUE: 0.28 | # QB: 0
EPS next Year (2026-12-31): EPS=0.05 | Chg30d=-0.046 | Revisions Net=-2 | Growth EPS=+168.2% | Growth Revenue=-0.7%

Additional Sources for OCI Stock

Fund Manager Positions: Dataroma | Stockcircle