Owens-Illinois Inc Stock Research

Market Summary

USD20.72-0.72

Market Closed

-3.36%

OI Alerts

Big jump in Earnings (Y/Y)

OI Stock Price

OI RSI Chart

OI Valuation

Market Cap

3.2B

Price/Earnings (Trailing)

4.57

Price/Sales (Trailing)

0.46

EV/EBITDA

4.68

Price/Free Cashflow

-6.36

OI Price/Sales (Trailing)

OI Profitability

Return on Equity

41.21%

Return on Assets

6.45%

Free Cashflow Yield

-15.72%

OI Fundamentals

OI Revenue

Revenue (TTM)

7.0B

Revenue Y/Y

8.22%

Revenue Q/Q

8.15%

OI Earnings

Earnings (TTM)

702.0M

Earnings Y/Y

134.09%

Earnings Q/Q

1.5K%

Price Action

52 Week Range

11.6023.52

(Low)(High)

Last 7 days

-4.1%

Last 30 days

-7.8%

Last 90 days

-10.9%

Trailing 12 Months

26.0%

OI Financial Health

Current Ratio

1.1

Debt/Equity

3.02

Debt/Cashflow

0.04

OI Investor Care

Buy Backs (1Y)

0.74%

Diluted EPS (TTM)

4.41

Peers (Alternatives to Owens-Illinois)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
PKG	13.4B	8.3B	-10.22%	-19.57%	12.92	1.56	3.20%	3.98%
IP	13.2B	20.9B	-11.43%	-37.80%	10.04	0.63	4.68%	-25.35%
AVY	13.0B	8.8B	-7.76%	-5.49%	19.15	1.49	0.56%	-6.68%
MID-CAP
CCK	9.4B	12.8B	-10.85%	-26.63%	14.6	0.74	6.36%	226.86%
ATR	7.4B	3.3B	-7.23%	5.84%	31.75	2.2	1.27%	4.07%
BERY	6.0B	13.5B	-1.28%	-1.92%	7.93	0.41	-8.15%	-3.74%
SEE	5.5B	5.6B	-20.93%	-39.13%	13.52	0.98	-1.96%	-25.94%
SLGN	5.0B	6.4B	-9.35%	2.69%	15.1	0.78	8.62%	-11.51%
OI	3.2B	7.0B	-7.79%	25.96%	4.57	0.46	6.83%	110.18%
CRS	2.2B	2.4B	-11.61%	30.87%	108	0.94	39.05%	118.84%
SMALL-CAP
UFPT	1.2B	380.3M	11.14%	102.26%	25.22	3.1	66.10%	181.47%
KALU	964.8M	3.3B	-5.03%	-39.65%	-44.26	0.29	1.01%	-46.31%
MYE	686.6M	889.8M	-1.79%	-20.96%	12.28	0.77	9.51%	28.31%

Financials for Owens-Illinois

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	2.0%	6,995	6,856	6,750	6,666	6,548
Gross Profit	14.8%	1,393	1,213	1,191	1,168	1,149
S&GA Expenses	5.4%	523	496	478	458	451
R&D Expenses	-3.8%	76.00	79.00	82.00	87.00	86.00
EBITDA	1.3%	1,361	1,343	-	-	-
EBITDA Margin	-0.5%	0.20*	0.21*	-	-	-
EBT Margin	1.9%	0.10*	0.10*	-	-	-
Interest Expenses	0.8%	241	239	238	225	231
Net Income	20.2%	702	584	614	468	334
Net Income Margin	-6.4%	0.09*	0.09*	0.07*	0.05*	-
Free Cahsflow	17.9%	-385	-469	242	269	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	4.0%	9,425	9,061	8,644	8,873	8,877
Current Assets	5.7%	2,752	2,603	2,430	2,617	2,490
Cash Equivalents	-37.9%	480	773	523	661	519
Inventory	20.2%	1,019	848	792	775	837
Net PPE	3.4%	3,062	2,962	2,698	2,758	2,833
Goodwill	3.0%	1,867	1,813	1,730	1,792	1,863
Current Liabilities	-4.3%	2,255	2,357	2,096	1,785	1,750
. Short Term Borrowings	-	45.00	-	-	-	-
Long Term Debt	1.2%	4,422	4,371	4,280	4,427	4,621
LT Debt, Current	-	300	-	-	-	-
LT Debt, Non Current	-	4,371	-	-	-	-
Shareholder's Equity	23.5%	1,887	1,528	1,451	1,259	1,102
Retained Earnings	-	885	-	-	-	-
Additional Paid-In Capital	-	3,079	-	-	-	-
Accumulated Depreciation	-	4,141	-	-	-	-
Shares Outstanding	-0.3%	155	155	156	156	-
Minority Interest	-	111	-	-	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	-77.9%	34.00	154	7.00	664	670
Cashflow From Investing	-99.0%	-193	-97.00	90.00	-45.00	-191
Cashflow From Financing	2266.7%	142	6.00	-156	-448	-713
Buy Backs	0%	40.00	40.00	40.00	40.00	40.00

Risks for OI

What is the probability of a big loss on OI?

95.4%

Probability that Owens-Illinois stock will be more than 20% underwater in next one year

61.5%

Probability that Owens-Illinois stock will be more than 30% underwater in next one year.

42.7%

Probability that Owens-Illinois stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does OI drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Owens-Illinois was unfortunately bought at previous high price.

Drawdowns

Returns for OI

Cumulative Returns on OI

-2.6%

10-Year Cumulative Returns

1.6%

7-Year Cumulative Returns

2.4%

5-Year Cumulative Returns

39.3%

3-Year Cumulative Returns

What are the long-term rolling returns for OI?

FIve years rolling returns for Owens-Illinois.

Annualized Returns

Which funds bought or sold OI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-26	ProShare Advisors LLC	reduced	-9.08	100,112	506,955	-%
2023-05-25	Legato Capital Management LLC	unchanged	-	314,841	1,164,500	0.21%
2023-05-25	Brandywine Global Investment Management, LLC	added	99.73	13,716,900	21,612,000	0.09%
2023-05-22	PUTNAM INVESTMENTS LLC	reduced	-11.21	410,156	2,301,090	-%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-8.39	14,575,900	71,604,900	0.02%
2023-05-22	Raleigh Capital Management Inc.	new	-	3,089	3,089	-%
2023-05-22	EMC Capital Management	unchanged	-	93,000	343,000	0.29%
2023-05-18	JPMORGAN CHASE & CO	added	6.79	4,198,200	13,248,200	-%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-21.27	796,000	10,860,000	0.01%
2023-05-17	VIRGINIA RETIREMENT SYSTEMS ET AL	new	-	205,468	205,468	-%

Latest Funds Activity

Are funds buying OI calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own OI

No. of Funds

OI Alerts

Big jump in Earnings (Y/Y)

Owens-Illinois News

Schedule 13G FIlings of Owens-Illinois

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	12.61%	19,560,317	SC 13G/A
Jan 23, 2023	blackrock inc.	15.9%	24,610,123	SC 13G/A
Feb 14, 2022	russell investments group, ltd.	11%	170,272	SC 13G/A
Feb 10, 2022	vanguard group inc	12.10%	18,970,857	SC 13G/A
Feb 09, 2022	fmr llc	-	0	SC 13G/A
Jan 27, 2022	blackrock inc.	15.6%	24,456,848	SC 13G/A
Jan 25, 2022	blackrock inc.	15.6%	24,456,848	SC 13G/A
Mar 10, 2021	fmr llc	-	0	SC 13G/A
Feb 16, 2021	first pacific advisors, lp	0.0%	0	SC 13G/A

OI Fair Value

Show Fair-Value

Recent SEC filings of Owens-Illinois

View All Filings

Date Filed	Form Type	Document
May 31, 2023	SD	SD
May 26, 2023	8-K	Current Report
May 24, 2023	8-K	Current Report
May 15, 2023	8-K	Current Report
May 12, 2023	8-K	Current Report
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading

Latest Insider Trading transactions for OI

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-10	Chapin Samuel R.	acquired	-	-	6,683	-
2023-05-10	NAIR HARI N	acquired	-	-	6,683	-
2023-05-10	Slater Catherine I	acquired	-	-	6,683	-
2023-05-10	Williams Carol A	acquired	-	-	6,683	-
2023-05-10	Humphrey John	acquired	-	-	6,683	-
2023-05-10	Clark David V II	acquired	-	-	6,683	-
2023-05-10	Alan Murray J.	acquired	-	-	6,683	-
2023-05-10	Hardie Gordon	acquired	-	-	6,683	-
2023-05-10	WALKER JOHN H	acquired	-	-	6,683	-
2023-04-04	Haudrich John	sold (taxes)	-25,738	22.94	-1,122	svp & chief financial officer

About Owens-Illinois

Andres A. Lopez

www.o-i.com

24000

O-I Glass, Inc., through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in the Americas, Europe, and the Asia Pacific. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. It is also involved in the production of glass packaging for various food items, soft drinks, tea, juices, and pharmaceuticals. In addition, the company offers glass containers in a range of sizes, shapes, and colors. It sells its products directly to customers under annual or multi-year supply agreements, as well as through distributors. The company was founded in 1903 and is headquartered in Perrysburg, Ohio.

OI Income Statement

2023-03-31

CONDENSED CONSOLIDATED RESULTS OF OPERATIONS - USD ($) shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
CONDENSED CONSOLIDATED RESULTS OF OPERATIONS
Net sales	$ 1,831	$ 1,692
Revenue, Product and Service [Extensible List]	us-gaap:ProductMember	us-gaap:ProductMember
Cost of goods sold	$ (1,347)	$ (1,388)
Gross profit	484	304
Selling and administrative expense	(147)	(119)
Research, development and engineering expense	(19)	(23)
Interest expense, net	(68)	(66)
Equity earnings	30	23
Other income (expense), net	(10)	51
Earnings before income taxes	270	170
Provision for income taxes	(60)	(48)
Net earnings	210	122
Net earnings attributable to non-controlling interests	(4)	(34)
Net earnings attributable to the Company	$ 206	$ 88
Basic earnings per share:
Net earnings attributable to the Company (in dollars per share)	$ 1.33	$ 0.56
Weighted average shares outstanding (thousands) (in shares)	154,696	155,849
Diluted earnings per share:
Net earnings attributable to the Company (in dollars per share)	$ 1.29	$ 0.55
Weighted average diluted shares outstanding (thousands) (in shares)	159,094	158,798

OI Balance Sheet

2023-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Current assets:
Cash and cash equivalents	$ 480	$ 773	$ 519
Trade receivables, net of allowance of $32 million, $28 million, and $30 million at March 31, 2023, December 31, 2022 and March 31, 2022	997	760	900
Inventories	1,019	848	837
Prepaid expenses and other current assets	256	222	234
Total current assets	2,752	2,603	2,490
Property, plant and equipment, net	3,062	2,962	2,833
Goodwill	1,867	1,813	1,863
Intangibles, net	267	262	283
Other assets	1,477	1,421	1,408
Total assets	9,425	9,061	8,877
Current liabilities:
Accounts payable	1,304	1,355	1,169
Short-term loans and long-term debt due within one year	345	345	67
Other liabilities	606	657	514
Total current liabilities	2,255	2,357	1,750
Long-term debt	4,422	4,371	4,621
Paddock support agreement liability			625
Other long-term liabilities	861	805	779
Share owners' equity	1,887	1,528	1,102
Total liabilities and share owners' equity	$ 9,425	$ 9,061	$ 8,877