Added to YB: 2025-04-21
Pitch date: 2025-04-16
OCINF [neutral]
OCI N.V.
-30.35%
current return
Author Info
Alt Capital writes about public equities and credit with a focus on special situations: restructurings, M&A, spinoffs, governance changes, stockholder activism. Primarily small/micro caps. Background in corporate restructuring (~10 years). Based in NYC. Sign up for the newsletter.
Company Info
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.
Market Cap
EUR 1.6B
Pitch Price
EUR 4.22
Price Target
10.00 (+240%)
Dividend
N/A
EV/EBITDA
-2.38
P/E
-4.14
EV/Sales
0.35
Sector
Chemicals
Category
special_situation
OCI Global - Updated Thoughts
OCI.AS (update): Trading at ~$7.50 vs $10 NAV by end-2025, excluding EU Nitrogen ($2-3.50/share upside). Ex-div $4.74/share dividend. Natgasoline dispute resolved; OCI Methanol sale to close Q2 ($1.6B proceeds). $600M bonds redemption signals business wind-down. EU Nitrogen improving on gas normalization, anti-dumping duties, CBAM, tariffs.
Read full article (3 min)