Owens-Illinois manufactures and sells glass container products to food and beverage manufacturers primarily in Europe, North America, South America, and the Asia Pacific. The company was founded in 1903 and is based in Perrysburg, Ohio.
OI Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for O-I Glass Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that O-I Glass Inc ranked in the 54th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 42.67%. In terms of the factors that were most noteworthy in this DCF analysis for OI, they are:
20% of the company's capital comes from equity, which is greater than just 7.6% of stocks in our cash flow based forecasting set.
O-I Glass Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -0.59. This coverage rate is greater than that of just 22.51% of stocks we're observing for the purpose of forecasting via discounted cash flows.
As a business, O-I Glass Inc experienced a tax rate of about 0% over the past twelve months; relative to its sector (Consumer Cyclical), this tax rate is higher than merely 0% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of O-I Glass Inc? See EYE, OMC, CTB, ESCA, and NWGI.
O-I Glass ([[OI]] -6.3%) is attempting to seize an oil tanker owned by Venezuela to collect part of a $500M arbitration award it won after the 2010 expropriation of two manufacturing plants, Reuters reports, citing court papers.The ship reportedly is worth ~$24M, according to market valuations of similar vessels built...
O-I Glass, Inc. (OI) Q2 2020 Earnings Conference Call August 5, 2020 08:00 ET Company Participants Chris Manuel - Vice President of Investor Relations Andres Lopez - President & Chief Executive Officer John Haudrich - Chief Financial Officer Conference Call Participants Ghansham Panjabi - Robert W. Baird & Co. Brian...
PERRYSBURG, Ohio, July 31, 2020 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE O-I Glass, Inc. (NYSE: OI) today announced it completed the sale of its Australia and New Zealand (ANZ) business unit to Visy Industries. Gross proceeds approximated AUD $947 million including a related sale-leaseback agreement which approximated AUD $214 million. Based on recent currency exchange rates, gross proceeds represented approximately USD $677 million. Approximately 95 percent of proceeds are being received at time of closing and the remaining balance will be paid within 12 months of closing without conditions precedent. Net proceeds will be principally used to reduce debt.O-I ANZ is the largest manufacturer of glass bottles and containers in Australia and New Zealand and the business generated sales...