Oatly Group AB American Depositary Shares (OTLY)
FairStock Score: 35/100 — MIXED
Key Financials
| Current Price | $12.09 |
| Market Cap | $401M |
| P/E Ratio | -2.88 |
| ROE | -349.91% |
| Dividend Yield | —% |
| Sector | Consumer Defensive |
AI Analysis
AI-generated, general educational analysis — not personal investment advice.
I see Oatly as a plant-based dairy company with a portfolio of oatmilk products, but the numbers show a business without a durable moat. On 2026-10-13, the shares closed at $10.88, giving a market cap of $401.2M. That price is not supported by earnings: the FairStock-calculated P/E is -2.59. Price/book is 91.91, ROE is -349.91%, and ROCE is -3.98%, which tell me the company is eroding capital rather than compounding it. In the second quarter of 2026, revenue was $240.1M and net income was -$31.3M, a -13.03% margin. The supplied data indicate positive revenue growth, but growth without profit does not create value for a Graham-style investor. Cash flow is negative: trailing free cash flow is -$25.6M, a FairStock FCF yield of -6.4%. The balance sheet carries D/E of 120.36, and the Altman Z-Score of -2.67 flags distress risk; a Piotroski F-Score of 4/9 is only middling. Without self-funding cash generation, lower leverage, and a path to positive earnings, I cannot call this a margin-of-safety bargain. The business must show sustained losses narrowing before the numbers can support the price. Until then, it looks like a speculative turnaround.
In plain English: Oatly makes oat milk and other plant-based dairy products sold in several countries. The business is losing money, burns cash, and carries a lot of debt, so it looks financially weak. At $10.88 a share, the price looks expensive compared with its actual profits and assets, since there are no profits to support it.
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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash
Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer