EN DE

OCI N.V (OCI) Fair Value & Analysis

Basic Materials · NL · Market cap €860M

ON OCI N.V OCI · AS
Price€4.05
Fair Value€11.30
Upside+178.9%
Quality48/100
Watch OCI N.V for free, get notified when fair value or trend changes. Watch for free
Weak Growth
Solidly profitable · 16.9% net margin
Low debt · negative free cash flow
Mixed vs. peers (6/11)
Narrow moat 28/100
Evidence: Medium Range €7.91 – €14.69 Share as image

Fair value as of: Jul 18, 2026

From 8 valuation models · updated 22 days ago

Share price −0.9% over the past month.

Below-average quality, screening 179% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€7.91). The market is more pessimistic than our downside scenario.
  • Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (€7.91 to €14.69) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

€5.81 €2.30 Fair Value €11.30 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range €2.30 – €5.81 · fair‑value band €7.91 – €14.69 · the €4.05 price screens below the €11.30 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

OCI N.V (OCI) currently trades at €4.05, while our model-based Fair Value estimate is €11.30, implying the stock looks roughly 178.9% undervalued today. The Quality Score stands at 48/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, OCI N.V generated revenue of €1.1B at a net margin of 16.9%. Revenue grew 11.4% year over year. It earns a return on equity of -20.7%. Net debt stands at €137M. Fundamentals as of Jul 18, 2026

Our scenario range runs from €7.91 (bear case) to €14.69 (bull case); at €4.05, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 21% below its 52-week high and 59% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at 179%, OCI screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth-Adj P/E €7.91 €11.30 €14.69 68
P/E Multiple €11.10 €14.80 €18.50 63
Residual Income €5.04 €6.55 €16.29 61
All 8 models by family
DCF Models
Owner Earnings €6.52 €8.47 €11.75 31
Earnings-Based
Graham-Dodd €5.92 €7.24 €8.14 54
Multiples
P/E Multiple €11.10 €14.80 €18.50 63
P/S Multiple €5.79 €7.72 €9.65 58
P/B Multiple €11.10 €14.80 €18.50 55
Asset-Based
NCAV (Graham) €2.55 €3.41 €5.09 50
Economic Profit
Residual Income €5.04 €6.55 €16.29 61
Growth Earnings
Growth-Adj P/E €7.91 €11.30 €14.69 68

Widest divergence: Multiples (€14.80) versus Asset-Based (€3.41). Highest evidence: Growth-Adj P/E (68).

Key figures & financial health

Revenue (TTM) €1.1B
Revenue growth (YoY) +11.4%
Net margin 16.9%
Return on equity -20.7%
Free cash flow −€202M FY2025
Operating margin -3.8%
More key figures
EPS (TTM) €-1.40
EPS growth (YoY) -88.5%
Net debt €137M FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 47 · Market factors (momentum, volatility) 52

Profitability 48
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 38
Distance to the 52-week high (market factor)
Net Issuance 84
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

OCI N.V. produces and distributes hydrogen-based and natural gas-based products to agricultural, transportation, and industrial customers in Europe, the Americas, the Middle East, Africa, Asia, and Oceania. It operates through Methanol US, Methanol Europe, and Nitrogen Europe segments.

Full company description

OCI N.V. produces and distributes hydrogen-based and natural gas-based products to agricultural, transportation, and industrial customers in Europe, the Americas, the Middle East, Africa, Asia, and Oceania. It operates through Methanol US, Methanol Europe, and Nitrogen Europe segments. The company offers anhydrous ammonia, granular urea, urea ammonium nitrate solution, calcium ammonium nitrate, ammonium sulphate, ammonium nitrate + sulphur, renewable and lower carbon ammonia, nitric acid, melamine, carbon dioxide, and diesel exhaust fluid, as well as other nitrogen products. It also provides storage and shipment services for ammonia at the port of Rotterdam. The company was incorporated in 2013 and is headquartered in Amsterdam, the Netherlands.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

OCI N.V reported revenue of €1.1B in FY2025 versus €6.3B in FY2021, a compound −35.6%/yr. Reported net income was €184M in FY2025, compounding −24.7%/yr from FY2021.

Growth Quality 25/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€1.1B
Latest YoY
+11.4%
Avg. growth/yr (3Y)
−33.6%
Avg. growth/yr (5Y)
−20.8%
Avg. growth/yr (13Y)
−11.5%
Revenue −35.6%/yr
FY21 €6.3B
FY22 €3.7B
FY23 €2.0B
FY24 €975M
FY25 €1.1B
Net income −24.7%/yr
FY21 €571M
FY22 €1.2B
FY23 −€392M
FY24 €5.0B
FY25 €184M

Watch OCI: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "OCI N.V Fair Value". https://www.fairvalue-calculator.com/stock/OCI

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Specialty Chemicals · 676 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 48 · Below median
Fair Value upside +179% · Top 25%
Return on assets -3% · Bottom 25%
Net margin (TTM) 17% · Top 25%
Operating margin (TTM) -4% · Bottom 25%
Revenue growth 11% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/B 0.93× · Cheaper than median
P/S (TTM) 0.92× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 0
FUTURE 57 · sector 19
PAST 0 · sector 23
HEALTH 100 · sector 95
DIVIDEND 0 · sector 25

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $489.98 $222.03 -55%
Nan Ya Plastics Corporation 1303 181.50 TWD 255.83 TWD +41%
Wanhua Chemical Group 600309 ¥70.04 ¥68.03 -3%
Novozymes A/S NSISB kr 428.20 kr 179.66 -58%
Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Linde India Limited LINDEINDIA ₹7,115 ₹757.93 -89%
Berger Paints India Limited BERGEPAINT ₹493.70 ₹164.29 -67%

Compare OCI N.V with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Basic Materials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is OCI N.V (OCI) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of €11.30 versus a price of €4.05, about +179% (undervalued).
What is the fair value of OCI?
Our model-based fair value for OCI N.V is €11.30 (as of Jul 18, 2026), built from audited fundamentals. The current price is €4.05.
What is the quality score of OCI?
OCI N.V has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of OCI N.V (OCI)?
OCI N.V reported trailing-twelve-month revenue of about €1.1B (latest available figure, as of Jul 18, 2026).
What is the net profit margin of OCI?
The net profit margin of OCI N.V is about 16.9%, meaning it keeps roughly 16.9% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track OCI N.V and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.