Intrepid Potash Stock Fair Value Calculator – INTREPID POTASH Reports FY2023 Q2 Earnings on August 2, 2023

🌥️Earnings Overview

INTREPID POTASH ($NYSE:IPI) announced their fiscal year 2023 second quarter earnings results on August 2, 2023. Total revenue for the quarter ending June 30, 2023 amounted to USD 81.0 million, representing an 11.7% decrease from the previous year. Net income for the quarter decreased by 81.9% compared to the same period in the prior year, amounting to USD 4.3 million.

Share Price

On this day, the stock was opened at $26.8 and closed at the same price, representing a 1.2% decrease from its last closing price of $27.1. Despite the strong earnings report, investors were not wholly impressed, as INTREPID POTASH stock ended the day at the same price it opened. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Intrepid Potash. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Intrepid Potash. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Intrepid Potash. More…

Key Ratios Snapshot

Some of the financial key ratios for Intrepid Potash are shown below. More…

Analysis – Intrepid Potash Stock Fair Value Calculator

GoodWhale has conducted an analysis of INTREPID POTASH‘s wellbeing. Through our proprietary Valuation Line, we have determined that the intrinsic value of INTREPID POTASH shares is around $38.1. This means that INTREPID POTASH shares are currently trading at $26.8, which is undervalued by 29.6%. Therefore, now is a great time to invest in INTREPID POTASH shares. We believe that INTREPID POTASH is a great opportunity for investors to get in at a bargain price and reap the potential rewards of this well-positioned investment. More…

Peers

The company produces potash, a key ingredient in fertilizers, through solution mining and conventional underground mining. Tessenderlo Group NV, Shenzhen Batian Ecotypic Engineering Co Ltd, and Rosier SA are all competitors in the potash industry.

– Tessenderlo Group NV ($LTS:0KCP)

Tessenderlo Group is a Belgian chemical company with a focus on specialty chemicals, agro solutions, and industrial solutions. The company has a market cap of 1.33B as of 2022 and a return on equity of 16.08%. Tessenderlo Group is a leading player in its field and has a strong presence in Europe, North America, and Asia. The company’s products are used in a wide range of industries, including agriculture, construction, automotive, and food and beverage.

– Shenzhen Batian Ecotypic Engineering Co Ltd ($SZSE:002170)

Shenzhen Batian Ecotypic Engineering Co Ltd is a Chinese company that specializes in the design and construction of ecological engineering projects. The company has a market cap of 4.57B as of 2022 and a Return on Equity of 3.84%.

– Rosier SA ($LTS:0EBW)

Rosier SA is a French company that specializes in the manufacture of automotive parts and accessories. The company has a market capitalization of 50.78 million as of 2022 and a return on equity of 64.04%. The company’s products are sold through a network of retailers and distributors in France and other European countries. Rosier SA is a publicly traded company listed on the Euronext Paris Stock Exchange.

Summary

INTREPID POTASH reported its second-quarter earnings for FY2023 on August 2, 2023. Revenue was USD 81.0 million, a decrease of 11.7% year-over-year, while net income was USD 4.3 million, a decrease of 81.9% year-over-year. This quarter’s results demonstrate a significant decline in the company’s performance compared to the previous year, which may be a cause for concern for investors.

The decreased revenue and net income could indicate a weak financial outlook for the company going forward. Investors should remain cautious and review any future financial statements from INTREPID POTASH to gain insight into the company’s prospects for the future.