Intrepid Potash Stock Intrinsic Value – INTREPID POTASH Reports Third Quarter Earnings Results for FY2023

🌥️Earnings Overview

On November 8 2023, INTREPID POTASH ($NYSE:IPI) reported their earnings results for the third quarter of FY2023 (ending September 30 2023). Compared to the same period in 2020, total revenue for the quarter was USD 54.5 million, a decrease of 27.1%, while net income was USD -7.2 million, compared to the 13.1 million profit from before.

Price History

The company saw their stock open at $20.1 and close at $19.8, down by 1.2% from the previous closing price of $20.0. This was a slight decline from their opening price, however, with quarterly earnings reports often experiencing volatility in the market, investors may not be overly concerned by this minor decrease. With many expecting a recovery in demand in the coming months, INTREPID POTASH may be well-positioned to benefit from a resurgence in pricing. 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 Intrinsic Value

At GoodWhale, we analyzed INTREPID POTASH‘s financials and found that its fair value is around $35.5. Our proprietary Valuation Line provided a comprehensive assessment of INTREPID POTASH and its performance over time. We discovered that the stock is currently trading at $19.8, meaning it is undervalued by 44.2%. This presents an opportunity for investors to capitalize on an undervalued stock in the market. 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 recently released their third quarter FY2023 results, showing total revenue of USD 54.5 million, down 27.1% year-over-year. Net income for the quarter was USD -7.2 million, compared to a profit of 13.1 million in the same period of 2020. For investors, INTREPID POTASH’s quarterly performance is an indication that the company may be facing structural and cyclical challenges that could affect its long-term profitability. While the company has shown some short-term resilience, investors should consider carefully the potential risk associated with investing in INTREPID POTASH.