Oatly Group AB (OTLY)

Market price: $8.02

2 valuation methods

• EV / Revenue: $5.31 to $14.27 (midpoint $10.47)
• EV / Gross Profit: $5.62 to $61.77 (midpoint $20.64)

How each method works

EV / Revenue: $5.31 to $14.27 (midpoint $10.47)

Values the whole business at a peer multiple of sales — used when earnings are thin, volatile, or not yet meaningful, so revenue is the most reliable yardstick.

How it’s calculated

We multiply the company's last-twelve-month revenue by the range of EV/Revenue multiples its peer group trades at, subtract net debt and any minority interests or preferred stock ranking ahead of common shareholders, and divide by shares outstanding for a per-share range.

Why it fits this industry

When profits are thin, volatile, or still to come, revenue is the most dependable figure a company reports — this method values the business on the scale of what it actually sells.

Reading this bar

The bar is the per-share value range this method implies: a conservative low, a central estimate, and an optimistic high. If the current price sits below the bar, the market is pricing the shares below what this method's inputs suggest; if it sits above, the market is pricing them higher. No single bar is a verdict — methods disagree for good reasons, so read the whole field together. A pound of revenue is worth more at a high margin than a low one, so the peer group here is narrowed to companies earning a similar margin wherever enough of them exist. Where too few do, the bar falls back to the wider group and is the bluntest of the multiples — weigh it alongside the earnings-based bars.

EV / Revenue = (0.77/0.96/1.09)× revenue 862,459,000 ≈ 662,851,597.02/823,880,398.46/942,697,036.60 (enterprise_value); enterprise_value -> per share: equity (165,845,597.02/326,874,398.46/445,691,036.60) / 31,225,000.05 shares [EV bridge: minus net debt 495,890,000, minus minority interest & preferred 1,116,000]

EV / Gross Profit: $5.62 to $61.77 (midpoint $20.64)

Values the business at a peer multiple of gross profit — useful where reported operating costs vary a lot across peers but gross economics are comparable.

How it’s calculated

We take last-twelve-month gross profit (revenue minus the direct cost of the goods or services sold), multiply it by the peer range of EV/Gross-Profit multiples, subtract net debt and any minority interests or preferred stock ranking ahead of common shareholders, and divide by shares outstanding.

Why it fits this industry

Gross profit sits between revenue and operating earnings: it credits the margin a company's products earn while ignoring overhead and investment choices that legitimately differ across peers.

Reading this bar

The bar is the per-share value range this method implies: a conservative low, a central estimate, and an optimistic high. If the current price sits below the bar, the market is pricing the shares below what this method's inputs suggest; if it sits above, the market is pricing them higher. No single bar is a verdict — methods disagree for good reasons, so read the whole field together.

EV / Gross Profit = (2.43/4.12/8.76)× gross_profit 277,057,000 ≈ 672,500,954.29/1,141,644,480.01/2,425,747,889.10 (enterprise_value); enterprise_value -> per share: equity (175,494,954.29/644,638,480.01/1,928,741,889.10) / 31,225,000.05 shares [EV bridge: minus net debt 495,890,000, minus minority interest & preferred 1,116,000]

4 methods not shown

• EV / EBITDA: EBITDA is non-positive — an EBITDA multiple yields no meaningful enterprise value (loss-making at the EBITDA line)
• P / E: diluted EPS is non-positive — P/E is not meaningful for a loss-making period
• P / B: the market prices this company far outside its sector's P / B range (its own multiple is 14.41 vs a sector band of 0.65–2.16) — a sector-average bar would be misleading here, so it is withheld
• DCF (FCFF): base unlevered FCF is non-positive (-359,137,502.20) — nothing to discount; a standard FCFF DCF does not apply

Pre-profit company — earnings-based methods not meaningful.

Limited data — fewer than three valuation methods could be formed for this company; showing every method we can stand behind.