A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
O-I Glass, Inc. /DE/
OI
$1.4B
Mkt Cap
$9.08
+1.57%
O-I Glass, Inc. /DE/ (OI) has a 5-year average return on invested capital (ROIC) of 3.3%. This is below average and may indicate limited pricing power.
O-I Glass, Inc. /DE/ (OI) has a market capitalization of $1.4B. It is classified as a small-cap stock.
O-I Glass, Inc. /DE/ (OI) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 2.87%.
O-I Glass, Inc. /DE/ (OI) operates in the Glass Containers industry, within the Materials sector.
O-I Glass, Inc. /DE/ (OI) reported annual revenue of $6.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
O-I Glass, Inc. /DE/ (OI) has a net profit margin of -2.0%. The company is currently unprofitable.
O-I Glass, Inc. /DE/ (OI) generated $168 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
General Development of Business O-I Glass, Inc., a Delaware corporation (the “Company”), through its subsidiaries, is the successor to a business established in 1903. The Company is one of the leading manufacturers of glass containers in the world with 64 glass manufacturing plants in 18 countries. It competes in the glass container segment of the rigid packaging market and is the leading glass container manufacturer in most of the countries where it has manufacturing facilities. Beginning in 2024, the Company commenced a strategic review of its global profitability and manufacturing footprint, known as its Fit to Win initiative. This program is focused on the reduction of redundant production capacity and the optimization of its network, as well as streamlining other costs, such as selling, general and administrative expenses. The Fit to Win initiative is expected to last at least through 2026.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 6.4B | 6.4B | 6.5B | 7.1B | 6.9B | 6.4B |
| Net Income | -186M | -129M | -106M | -103M | 584M | 149M |
| EPS | $-1.07 | $-0.84 | $-0.69 | $-0.67 | $3.67 | $0.93 |
| Free Cash Flow | 38M | 168M | -128M | 130M | -385M | 289M |
| ROIC | -9.2% | -2.2% | 0.4% | 0.7% | 12.9% | 4.9% |
| Gross Margin | 16.1% | 17.3% | 16.0% | 21.1% | 17.7% | 17.2% |
| Debt/Equity | 1,215.75 | 3.86 | 4.61 | 3.07 | 3.33 | 6.70 |
| Dividends/Share | $0.00 | - | - | - | - | $0.05 |
| Operating Income | -531M | -460M | 38M | 67M | 805M | 332M |
| Operating Margin | -8.3% | -7.2% | 0.6% | 0.9% | 11.7% | 5.2% |
| ROE | -4650.0% | -10.9% | -7.9% | -6.8% | 54.7% | 20.7% |
| Shares Outstanding | 153M | 154M | 154M | 154M | 159M | 160M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 6.8B | 6.2B | 6.7B | 6.9B | 6.9B | 6.7B | 6.1B | 6.4B | 6.9B | 7.1B | 6.5B | 6.4B | 6.4B |
| Gross Margin | 18.5% | 18.0% | 18.1% | 19.4% | 18.7% | 18.1% | 16.0% | 17.2% | 17.7% | 21.1% | 16.0% | 17.3% | 16.1% |
| R&D | 63M | 64M | 65M | 60M | 70M | 68M | 75M | 82M | 79M | 92M | 80M | 42M | 38M |
| SG&A | 523M | 476M | 503M | 484M | 483M | 439M | 403M | 433M | 496M | 540M | 445M | 434M | 424M |
| EBIT | 486M | -111M | -76M | -323M | -269M | -729M | 603M | 332M | 805M | 67M | 38M | -460M | -531M |
| Op. Margin | 7.2% | -1.8% | -1.1% | -4.7% | -3.9% | -10.9% | 9.9% | 5.2% | 11.7% | 0.9% | 0.6% | -7.2% | -8.3% |
| Net Income | 164M | 135M | 209M | 180M | 257M | -400M | 249M | 149M | 584M | -103M | -106M | -129M | -186M |
| Net Margin | 2.4% | 2.2% | 3.1% | 2.6% | 3.7% | -6.0% | 4.1% | 2.3% | 8.5% | -1.4% | -1.6% | -2.0% | -2.9% |
| Non-Recurring | 98M | 85M | 168M | 118M | 102M | 709M | 737M | 630M | 103M | 545M | 414M | 888M | 399M |
| Returns on Capital | |||||||||||||
| ROIC | 11.1% | 2.4% | 3.9% | 3.0% | 4.3% | -6.8% | 10.5% | 4.9% | 12.9% | 0.7% | 0.4% | -2.2% | -9.2% |
| ROE | 25.1% | 78.9% | 82.3% | 22.3% | 32.7% | -85.7% | 83.8% | 20.7% | 54.7% | -6.8% | -7.9% | -10.9% | -4650.0% |
| ROA | 2.1% | 1.4% | 2.3% | 1.8% | 2.6% | -4.2% | 2.8% | 1.7% | 6.5% | -1.1% | -1.2% | -1.4% | -2.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 675M | 608M | 751M | 721M | 791M | 405M | 457M | 687M | 154M | 818M | 489M | 600M | 477M |
| Free Cash Flow | 306M | 206M | 297M | 280M | 255M | -21M | 146M | 289M | -385M | 130M | -128M | 168M | 38M |
| Owner Earnings | 319M | 270M | 361M | 316M | 376M | 5.0M | 77M | 323M | -333M | 292M | -11M | 96M | -29M |
| CapEx | 369M | 402M | 454M | 441M | 536M | 426M | 311M | 398M | 539M | 688M | 617M | 432M | 439M |
| Maint. CapEx | 335M | 323M | 375M | 387M | 388M | 390M | 369M | 356M | 454M | 483M | 486M | 479M | 480M |
| Growth CapEx | 34M | 79M | 79M | 54M | 148M | 36M | 0 | 42M | 85M | 205M | 131M | 0 | 0 |
| D&A | 335M | 323M | 375M | 387M | 388M | 390M | 369M | 356M | 454M | 483M | 486M | 479M | 480M |
| CapEx/OCF | 54.7% | 66.1% | 60.5% | 61.2% | 67.8% | 105.2% | 68.1% | 57.9% | 350.0% | 84.1% | 126.2% | 72.0% | 92.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 31M | 8.0M | 8.0M | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | 1.4% | 0.5% | 0.3% | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 32M | 100M | 100M | 100M | 163M | 38M | 38M | 40M | 40M | 40M | 40M | 40M | 40M |
| Buyback Yield | 0.7% | 3.5% | N/A | N/A | 6.0% | 2.1% | N/A | 2.1% | 1.5% | 1.6% | 2.5% | 1.7% | 2.9% |
| Stock-Based Comp | 21M | 15M | 15M | 18M | 27M | 10M | 11M | 8.0M | 33M | 43M | 14M | 25M | 26M |
| Debt Repayment | 1.1B | 2.3B | 1.5B | 1.8B | 2.4B | 4.1B | 2.5B | 1.2B | 2.9B | 1.3B | 1.0B | 2.6B | 2.6B |
| Balance Sheet | |||||||||||||
| Net Debt | 2.4B | 4.9B | 4.5B | 4.3B | 4.3B | 4.5B | 4.0B | 3.4B | 3.9B | 4.0B | 4.2B | 4.2B | 4.5B |
| Cash & Equiv. | 512M | 399M | 492M | 492M | 512M | 551M | 563M | 725M | 773M | 913M | 734M | 759M | 317M |
| Long-Term Debt | 3.0B | 5.3B | 5.1B | 5.1B | 5.2B | 5.4B | 4.9B | 4.8B | 4.4B | 4.7B | 4.6B | 4.8B | 4.8B |
| Debt/Equity | 5.27 | 33.53 | 21.61 | 6.54 | 6.80 | 11.90 | 17.31 | 6.70 | 3.33 | 3.07 | 4.61 | 3.86 | 1215.75 |
| Interest Coverage | 2.1 | -0.4 | -0.3 | -1.2 | -1.0 | -2.3 | 2.3 | 1.5 | 3.4 | 0.2 | 0.1 | -1.3 | -1.3 |
| Equity | 654M | 171M | 254M | 808M | 786M | 467M | 297M | 720M | 1.4B | 1.6B | 1.1B | 1.3B | 4.0M |
| Total Assets | 7.8B | 9.4B | 9.1B | 9.8B | 9.7B | 9.6B | 8.9B | 8.8B | 9.1B | 9.7B | 8.7B | 9.2B | 8.9B |
| Total Liabilities | 7.1B | 9.1B | 8.8B | 8.8B | 8.8B | 9.0B | 8.5B | 8.0B | 7.5B | 7.9B | 7.4B | 7.8B | 67M |
| Intangibles | N/A | 597M | 464M | 439M | 400M | 371M | 325M | 286M | 262M | 254M | 198M | 188M | 181M |
| Retained Earnings | -440M | -305M | -96M | 84M | 333M | -89M | 152M | 301M | 885M | 782M | 676M | 548M | 548M |
| Working Capital | 43M | 212M | 194M | 140M | 150M | 493M | 399M | 673M | 246M | 538M | 318M | 512M | 490M |
| Current Assets | 2.4B | 2.3B | 2.3B | 2.4B | 2.4B | 2.5B | 2.3B | 2.5B | 2.6B | 2.9B | 2.5B | 2.6B | 2.4B |
| Current Liabilities | 2.3B | 2.1B | 2.1B | 2.3B | 2.2B | 2.0B | 1.9B | 1.8B | 2.4B | 2.3B | 2.2B | 2.1B | 1.9B |
| Per Share Data | |||||||||||||
| EPS | 0.99 | 0.82 | 1.28 | 1.10 | 1.59 | -2.58 | 1.57 | 0.93 | 3.67 | -0.67 | -0.69 | -0.84 | -1.07 |
| Owner EPS | 1.93 | 1.64 | 2.21 | 1.93 | 2.33 | 0.03 | 0.49 | 2.02 | -2.09 | 1.90 | -0.07 | 0.63 | -0.19 |
| Book Value | 3.95 | 1.04 | 1.56 | 4.94 | 4.86 | 3.01 | 1.87 | 4.49 | 8.90 | 10.47 | 7.02 | 8.43 | 0.03 |
| Cash Flow/Share | 4.07 | 3.69 | 4.60 | 4.41 | 4.89 | 2.61 | 2.88 | 4.29 | 0.97 | 5.32 | 3.18 | 3.91 | 1.92 |
| Dividends/Share | N/A | N/A | N/A | N/A | 0.05 | 0.15 | 0.05 | 0.05 | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 165.7M | 164.6M | 163.3M | 163.6M | 161.6M | 155.0M | 158.6M | 160.2M | 159.1M | 153.7M | 153.6M | 153.6M | 153.3M |
| Valuation | |||||||||||||
| P/E Ratio | 26.8 | 20.9 | 13.6 | 19.8 | 10.5 | N/A | 7.3 | 12.7 | 4.5 | N/A | N/A | N/A | -8.5 |
| P/FCF | 14.4 | 13.7 | 9.6 | 12.7 | 10.6 | N/A | 12.4 | 6.5 | N/A | 19.7 | N/A | 13.7 | 36.6 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | 67.0 | 15.9 | 7.2 | 84.8 | N/A | N/A | N/A |
| Price/Book | 6.7 | 16.5 | 11.2 | 4.4 | 3.4 | 3.9 | 6.1 | 2.6 | 1.9 | 1.6 | 1.5 | 1.8 | 348.0 |
| Price/Sales | 0.7 | 0.6 | 0.4 | 0.5 | 0.4 | 0.3 | 0.3 | 0.4 | 0.3 | 0.4 | 0.3 | 0.3 | 0.2 |
| FCF Yield | 7.0% | 7.3% | 10.4% | 7.9% | 9.4% | -1.1% | 8.1% | 15.3% | -14.7% | 5.1% | -8.1% | 7.3% | 2.7% |
| Market Cap | 4.4B | 2.8B | 2.8B | 3.6B | 2.7B | 1.8B | 1.8B | 1.9B | 2.6B | 2.6B | 1.6B | 2.3B | 1.4B |
| Avg. Price | 30.28 | 22.20 | 16.93 | 21.93 | 18.86 | 14.78 | 10.18 | 14.36 | 14.21 | 19.49 | 13.37 | 12.74 | 9.08 |
| Year-End Price | 26.52 | 17.12 | 17.44 | 21.74 | 16.77 | 11.84 | 11.41 | 11.80 | 16.51 | 16.65 | 10.30 | 14.94 | 9.08 |
O-I Glass, Inc. /DE/ passes 2 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 8.2x vs a median of 12.4x. The company's 5-year average ROIC is 3.3% with a gross margin of 17.8%. Total shareholder yield (buybacks) is 2.9%. At current prices, the estimated annualized return to fair value is -7.2%.
O-I Glass, Inc. /DE/ (OI) has a debt-to-equity ratio of 3.86. This indicates higher leverage, which may increase financial risk.
O-I Glass, Inc. /DE/ (OI) reported earnings per share (EPS) of $-0.84 in its most recent fiscal year.
O-I Glass, Inc. /DE/ (OI) has a return on equity (ROE) of -10.9%. A negative ROE may indicate losses or negative equity.
O-I Glass, Inc. /DE/ (OI) has a 5-year average gross margin of 17.8%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 15 years of financial data for O-I Glass, Inc. /DE/ (OI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
O-I Glass, Inc. /DE/ (OI) has a book value per share of $8.43, based on its most recent annual SEC filing.
No recent press releases.