O-I Glass: There's Incredibly Risky Potential

Monty Rakusen I updated my discounted cash flow [DCF] model from previous estimates. I now estimate revenues to decline -3.5% in 2024 compared to a 4% growth previously as the industry outlook is bad for now. Afterward, I now estimate the MAGMA project, and an industry recovery, to add to growth from 2025 to 2028 with a 3.2% CAGR from 2024 to 2028. I still cautiously estimate 1.5% growth due to O-I Glass' poor long-term growth. I again estimate the EBIT margin to reach 10.5%, this time by elevating instead ...