MOSAIC COMPANY Reports 33.7% Decrease in Total Revenue for Q3 FY2023

🌥️Earnings Overview

For the third quarter of the fiscal year 2023 ending on September 30 2023, MOSAIC COMPANY ($NYSE:MOS) reported total revenue of USD 3548.3 million, a 33.7% decrease from the same period in the prior year. Net income for this quarter was USD -4.2 million, compared to the 841.7 million reported in Q3 of FY2022.

Analysis

GoodWhale has conducted research to analyze the fundamentals of MOSAIC COMPANY. According to the Star Chart, MOSAIC COMPANY has achieved a high health score of 9/10, indicating its capability to pay off debt and fund future operations. Additionally, MOSAIC COMPANY has strong asset and dividend scores, as well as a medium score for growth and profitability. From this, we have classified MOSAIC COMPANY as a ‘rhino’, indicating that it has achieved moderate revenue or earnings growth. Given these details, we can conclude that MOSAIC COMPANY may be of interest to value investors who are looking for companies that have stable operations and performance. They may be attracted by the strong asset and dividend scores. Meanwhile, growth investors may also be interested in the company, given that it has achieved moderate revenue or earnings growth. Finally, those who are looking for profitable companies may be drawn in by the medium score for profitability. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Mosaic Company. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Mosaic Company. More…

Balance Sheet Snapshot

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

Key Ratios Snapshot

Some of the financial key ratios for Mosaic Company are shown below. More…

Peers

The company operates mines, production facilities, and distribution centers in the United States, Canada, and South America. The Mosaic Co’s competitors include CF Industries Holdings Inc, Nutrien Ltd, Corteva Inc.

– CF Industries Holdings Inc ($NYSE:CF)

CF Industries Holdings, Inc. is a holding company. The Company, through its subsidiaries, is engaged in the manufacture and distribution of nitrogen fertilizers. It operates through two segments: Nitrogen Fertilizers and Nitrogen Fertilizer Intermediates. The Company’s nitrogen fertilizers include ammonia, granular urea, urea ammonium nitrate and ammonium nitrate. The Company produces nitrogen fertilizer intermediates, including nitric acid and soda ash. It also owns and operates a natural gas liquids (NGL) business, which consists of its equity investment in Grande Prairie Pipelines Limited Partnership (GPP), which owns and operates a 1,912-mile pipeline system that transports NGLs from western Canada to the United States Gulf Coast.

– Nutrien Ltd ($TSX:NTR)

Nutrien Ltd is a Canadian agricultural company that produces and distributes crop nutrients. It is the largest fertilizer company in the world with a market cap of 60.94B as of 2022. The company has a strong focus on sustainable agriculture and has a return on equity of 23.76%.

– Corteva Inc ($NYSE:CTVA)

Corteva Inc is a publicly traded company with a market capitalization of $45.19 billion as of 2022. The company has a return on equity of 5.63%. Corteva Inc is a leading provider of crop protection and seed products. The company’s products are used by farmers to improve crop yields and protect against pests and diseases. Corteva’s products are sold in more than 130 countries around the world.

Summary

Investors should be weary of MOSAIC COMPANY‘s financial performance in the third quarter of FY2023. Total revenues decreased by 33.7% year-on-year, and net income was reported at a loss of USD -4.2 million. Although the company still has potential, as the overall market sentiment remains uncertain, it is important to consider the risk of investing in MOSAIC COMPANY. Investors should carefully evaluate the current state of the company and its future outlook before making an investment decision.