Fertiglobe
The world's largest export-focused nitrogen fertilizer platform, formed as a strategic partnership between OCI and ADNOC.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor | €0.0 Valuation: €0.0 1.8x EV/Revenue 3.7x EV/EBITDA | round | |
| N/A | €0.0 | round | |
* | $3.6b Valuation: $3.6b 1.5x EV/Revenue 3.7x EV/EBITDA | Acquisition | |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 113 % | 52 % | (52 %) | (17 %) | 20 % | 4 % | 3 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 47 % | 49 % | 40 % | 32 % | 35 % | 36 % | 36 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 21 % | 25 % | 14 % | 8 % | 10 % | 12 % | 13 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Equity research estimates
Fertiglobe was established in 2019 as a strategic partnership between OCI Global and the Abu Dhabi National Oil Company (ADNOC). This collaboration aimed to create a leading global provider of nitrogen fertilizers, leveraging the strengths of both founding entities. Fertiglobe quickly positioned itself as a key player in the fertilizer industry, becoming the world's largest seaborne exporter of urea and ammonia combined.
In 2021, Fertiglobe marked a significant milestone by going public on the Abu Dhabi Securities Exchange (ADX). This initial public offering (IPO) was a pivotal moment, reflecting the company's robust growth and its strategic importance in the global fertilizer market.
Further solidifying its market position, in 2023, ADNOC acquired OCI Global's 50% stake in Fertiglobe for $3.62 billion, making it a wholly-owned subsidiary. This acquisition underscored ADNOC's commitment to expanding its footprint in the fertilizer sector and enhancing its value chain.
Today, Fertiglobe stands as a testament to successful strategic partnerships and the potential of combining resources and expertise to achieve industry leadership. Its journey from inception to becoming a major player in the global fertilizer market highlights the dynamic nature of strategic business collaborations.