Oatly Group Ab (OTLY) intrinsic value & 10-year financials
Oatly Group Ab (OTLY) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 8 fiscal years revenue grew 27.2% a year to $862.5M, with an average return on invested capital of -39.4%.
- Graham intrinsic value
- —
- Revenue (FY2025)
- $862.5M
- Revenue growth (8-yr CAGR)
- 27.2%
- ROIC (10-yr avg)
- -39.4%
- Free cash flow (FY2025)
- -$36.1M
OTLY 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $862.5M | -$153.1M | -$0.25 | -$36.1M | -7.9% | -14.5% |
| FY2024 | $823.7M | -$202.3M | -$0.34 | -$153.6M | -22.6% | -56.4% |
| FY2023 | $783.3M | -$417.1M | -$0.70 | -$231.7M | -58.3% | -94.4% |
| FY2022 | $722.2M | -$392.6M | -$0.66 | -$470.6M | -54.8% | -45.6% |
| FY2021 | $643.2M | -$212.4M | -$0.39 | -$487.6M | -33.2% | -33.2% |
| FY2020 | $421.4M | -$60.4M | -$0.13 | -$178.6M | -11.2% | -14.8% |
| FY2019 | $204.0M | -$35.6M | — | -$92.7M | -15.1% | -16.9% |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Oatly Group AB revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Oatly Group AB has historically struggled to out-earn its cost of capital, averaging just -43.1% ROIC.
Oatly Group AB capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Oatly Group AB is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-8.30 per share.