| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | 5 | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2028 | ‡‡‡‡‡ |
|
| 2027 | ‡‡‡‡‡ |
|
| 2026 | ‡‡‡‡‡ |
|
| 2025 | ‡‡‡ |
|
| 2024 | ‡‡‡ |
|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | 0.05 |
—
|
| 2019 | 0.20 |
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 913.00 | 734.00 | 759.00 | 339.00 |
| Receivables | 671.00 | 572.00 | 601.00 | 883.00 |
| Inventory | 1,071.00 | 963.00 | 1,002.00 | 947.00 |
| Other | — | — | — | — |
| 2,884.00 | 2,478.00 | 2,601.00 | 2,451.00 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 1,437.00 | 1,142.00 | 1,201.00 | 1,090.00 |
| ST’ Debt | 142.00 | 306.00 | 66.00 | — |
| Other | 661.00 | 75.00 | 131.00 | 661.00 |
| 2,346.00 | 2,160.00 | 2,089.00 | 1,944.00 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 1,540.00 | 1,668.00 | — | — |
—
|
| ’25 | 1,567.00 | 1,706.00 | 1,653.00 | 1,500.00 |
6,426.00
|
| ’24 | 1,593.00 | 1,729.00 | 1,679.00 | 1,530.00 |
6,531.00
|
| ’23 | 1,831.00 | 1,890.00 | 1,743.00 | 1,641.00 |
7,105.00
|
| ’22 | 1,692.00 | 1,778.00 | 1,693.00 | 1,693.00 |
6,856.00
|
| ’21 | 1,500.00 | 1,660.00 | 1,609.00 | 1,588.00 |
6,357.00
|
| ’20 | 1,561.00 | 1,418.00 | 1,616.00 | 1,496.00 |
6,091.00
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (294.00) | 94.00 | — | — |
—
|
| ’25 | (171.00) | 155.00 | 214.00 | 402.00 |
600.00
|
| ’24 | (270.00) | 250.00 | 191.00 | 318.00 |
489.00
|
| ’23 | (193.00) | 291.00 | 339.00 | 381.00 |
818.00
|
| ’22 | (73.00) | 193.00 | (344.00) | 378.00 |
154.00
|
| ’21 | (56.00) | 199.00 | 313.00 | 231.00 |
687.00
|
| ’20 | (315.00) | 181.00 | 262.00 | 329.00 |
457.00
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (431.00) | 1.00 | — | — |
—
|
| ’25 | (293.00) | 56.00 | 122.00 | 283.00 |
168.00
|
| ’24 | (483.00) | 90.00 | 74.00 | 191.00 |
(128.00)
|
| ’23 | (288.00) | 118.00 | 142.00 | 158.00 |
130.00
|
| ’22 | (169.00) | 90.00 | (491.00) | 185.00 |
(385.00)
|
| ’21 | (149.00) | 117.00 | 220.00 | 101.00 |
289.00
|
| ’20 | (435.00) | 112.00 | 205.00 | 264.00 |
146.00
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (0.48) | (6.33) | — | — |
—
|
| ’25 | (0.10) | (0.03) | 0.19 | (0.90) |
(0.84)
|
| ’24 | 0.45 | 0.36 | (0.52) | (1.00) |
(0.69)
|
| ’23 | 1.29 | 0.69 | 0.32 | (3.05) |
(0.67)
|
| ’22 | 0.55 | 1.59 | 1.45 | 0.08 |
3.67
|
| ’21 | (0.62) | 0.73 | 0.53 | 0.27 |
0.93
|
| ’20 | 0.32 | (0.64) | 2.06 | (0.18) |
1.57
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 11.51 | 13.56 | 9.85 | 9.23 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 17.94 | 23.57 | 17.58 | 16.04 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 24,000 | 23,000 | 21,000 | 19,000 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.29 | 0.31 | 0.31 | 0.34 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6,856.00 | 7,105.00 | 6,531.00 | 6,426.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 17.69% | 21.06% | 16.00% | 17.26% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 805.00 | 67.00 | 38.00 | (49.00) | ‡‡‡‡‡ | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 11.74% | 0.94% | 0.58% | (0.76%) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 627.00 | (85.00) | (88.00) | (103.00) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 465.00 | 939.00 | 496.00 | 489.00 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 44.14 | 45.94 | 42.26 | 41.85 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 3.76 | (0.67) | (0.69) | (0.84) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.99 | 5.29 | 3.16 | 3.91 | ‡‡‡‡ | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (3.47) | (4.45) | (3.99) | (2.81) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (2.48) | 0.84 | (0.83) | 1.09 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.84 | 11.28 | 7.80 | 9.41 | ‡‡‡‡‡ | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 155.31 | 154.65 | 154.55 | 153.55 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.40 | 0.00 | 0.00 | 0.00 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.38 | 0.35 | 0.26 | 0.35 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.68 | 1.44 | 1.39 | 1.57 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.94 | 0.91 | 0.89 | 1.00 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (16.80) | 49.50 | (45.32) | 38.16 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 154.00 | 818.00 | 489.00 | 600.00 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (539.00) | (688.00) | (617.00) | (432.00) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (385.00) | 130.00 | (128.00) | 168.00 | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 246.00 | 538.00 | 318.00 | 512.00 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4,671.00 | 4,840.00 | 4,859.00 | 4,903.00 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3,898.00 | 3,927.00 | 4,125.00 | 4,144.00 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,528.00 | 1,744.00 | 1,205.00 | 1,445.00 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.53% | (1.10%) | (1.16%) | (1.44%) | ‡‡‡‡‡ | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7.35% | 9.52% | 6.10% | 7.08% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 49.60% | (6.30%) | (7.19%) | (9.74%) | ‡‡‡‡‡ | — | — |
ROE
|
O-I Glass, Inc. (OI), a global glass packaging powerhouse, has weathered a decade of turbulence from COVID disruptions, energy cost spikes tied to the Russia-Ukraine war, and shifting sustainability trends favoring glass over plastics. Despite steady revenue growth to a 2023 peak before an 8% 2024 dip, profitability remains erratic—gross margins eroded to 16% amid natural gas volatility, while high fixed costs and $4.8-5.5 billion debt burden equity swings and limit flexibility. Yet, operational efficiencies shine through, with revenue per employee up 25% via automation and workforce cuts, and free cash flow showing resilience outside capex-heavy years.
Valuation metrics scream bargain: PS at 0.26x, forward PE at 6.8x, and EV/Sales under 1x, echoing historical troughs that preceded doubles. Recent aggressive insider buying by the CEO and top executives—net bullish amid minimal sells—signals confidence in undervaluation, aligning with analyst forecasts of a sharp profitability inflection: net income flipping to $263 million in 2026 (48% CAGR to 2028) on margin repair and eco-driven demand.
My 30-year lens draws parallels to debt-laden industrials post-2008, tempering optimism with caveats like persistent leverage (net debt >60% of EV), energy risks (30% of costs), and recession sensitivity. Strengths in declining shares, FCF normalization, and glass’s recyclability moat suggest 15-25% annualized returns if deleveraging succeeds—watch Q1 2026 earnings for the pivot.
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