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O-I Glass Inc OI

Morningstar Rating
$15.13 −0.43 (2.76%)
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Company Report

O-I Glass Is Positioned to Capitalize on Eco-Friendly Packaging Trends Despite Near-Term Headwinds

O-I Glass is one of the world's largest glass container manufacturers, with furnaces in North America, South America, and Europe. It turns molten glass into containers for beer, wine, spirits, and food, using standard and custom molds for a wide variety of customers. O-I operates roughly 70 glass plants and serves customers across the world, with the U.S. accounting for its largest region at about 30% of sales. In the past few years, O-I has gone through a portfolio-optimization plan to increase its focus on its glass container business and prioritized regions. As part of this plan, O-I divested its tabletop glass business as well as its Australia and New Zealand operations and is using the proceeds to fund capacity expansion and modernization projects.

Price vs Fair Value

OI is trading at a 39% discount.
Price
$15.13
Fair Value
$53.00
Uncertainty
High
1-Star Price
$52.76
5-Star Price
$98.00
Economic Moat
Zqprh
Capital Allocation
Pgycnhyy

Bulls Say, Bears Say

Bulls

Following its 2022 settlement, O-I is no longer exposed to future asbestos-related liabilities.

Bears

O-I's capacity expansion plans are aggressive and could leave the company at risk of excess capacity, should demand moderate.

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News

Trading Information

Previous Close Price
$15.56
Day Range
$15.0715.56
52-Week Range
$13.5623.57
Bid/Ask
$15.00 / $15.70
Market Cap
$2.33 Bil
Volume/Avg
1.6 Mil / 1.8 Mil

Key Statistics

Price/Earnings (Normalized)
4.90
Price/Sales
0.33
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield
1.72%

Company Profile

O-I Glass is the world's largest manufacturer of glass bottles; 70% of its revenue comes from outside the United States. O-I has a leading position in key markets such as Europe, North America, and Brazil. Beer is the primary end market for O-I's glass bottles, which are also used for wine, soda, spirits, condiments, and food. In the coming years, O-I is looking to maintain or expand its dominant positions in Europe, North America, and South America.
Sector
Consumer Cyclical
Industry
Packaging & Containers
Stock Style Box
Small Value
Total Number of Employees
23,000

Competitors

Valuation

Metric
OI
CCK
BALL
Price/Earnings (Normalized)
4.9013.2422.26
Price/Book Value
1.453.885.43
Price/Sales
0.330.771.46
Price/Cash Flow
2.427.6413.66
Price/Earnings
OI
CCK
BALL

Financial Strength

Metric
OI
CCK
BALL
Quick Ratio
0.680.720.49
Current Ratio
1.231.150.79
Interest Coverage
1.202.702.77
Quick Ratio
OI
CCK
BALL

Profitability

Metric
OI
CCK
BALL
Return on Assets (Normalized)
5.14%4.83%4.23%
Return on Equity (Normalized)
27.89%32.26%22.55%
Return on Invested Capital (Normalized)
11.27%9.69%9.20%
Return on Assets
OI
CCK
BALL
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PKG
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IP
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CCK
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SON
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SLGN
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