Incitec Pivot (CHIA:IPL) - Stock Price, News & Analysis

IPL Stock Overview

IPL fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	1/6
Past Performance	2/6
Financial Health	5/6
Dividends	2/6

Rewards

Trading at 46.2% below our estimate of its fair value

Earnings are forecast to grow 8.26% per year

Risk Analysis

Dividend of 5.42% is not well covered by earnings or cash flows

Profit margins (5.1%) are lower than last year (11.7%)

Incitec Pivot Limited Competitors

Orica

ASX:ORI

AU$8.9b

Lynas Rare Earths

ASX:LYC

AU$6.0b

IGO

ASX:IGO

AU$5.4b

Boral

ASX:BLD

AU$6.3b

Price History & Performance

Summary of all time highs, changes and price drops for Incitec Pivot
Historical stock prices
Current Share Price	AU$2.80
52 Week High	AU$3.34
52 Week Low	AU$2.56
Beta	0.75
1 Month Change	-2.78%
3 Month Change	-3.61%
1 Year Change	-12.23%
3 Year Change	5.07%
5 Year Change	-18.37%
Change since IPO	-3.61%

Recent updates

Shareholder Returns

	IPL	AU Chemicals	AU Market
7D	2.9%	3.6%	0.9%
1Y	-12.2%	-8.0%	5.6%

Return vs Industry: IPL underperformed the Australian Chemicals industry which returned -8% over the past year.

Return vs Market: IPL underperformed the Australian Market which returned 5.6% over the past year.

Price Volatility

Is IPL's price volatile compared to industry and market?
IPL volatility
IPL Average Weekly Movement	3.8%
Chemicals Industry Average Movement	11.0%
Market Average Movement	8.9%
10% most volatile stocks in AU Market	17.6%
10% least volatile stocks in AU Market	3.5%

Stable Share Price: IPL has not had significant price volatility in the past 3 months.

Volatility Over Time: IPL's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1831	5,800	Mauro de Moraes	www.incitecpivot.com.au

Incitec Pivot Limited, together with its subsidiaries, manufactures and distributes industrial explosives, industrial chemicals, and fertilizers in Australia, the United States, the Asia Pacific, Turkey, France, and internationally. It offers ammonium nitrate, nitrogen-based fertilizer, ammonia, di/mono-ammonium phosphate, and single super phosphate. The company also manufactures and sells industrial explosives, and related products and services to mining, quarrying, and construction industries.

Incitec Pivot Limited Fundamentals Summary

How do Incitec Pivot's earnings and revenue compare to its market cap?
IPL fundamental statistics
Market cap	AU$5.42b
Earnings (TTM)	AU$276.30m
Revenue (TTM)	AU$5.44b

19.5x

P/E Ratio

1.0x

P/S Ratio

Is IPL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
IPL income statement (TTM)
Revenue	AU$5.44b
Cost of Revenue	AU$3.40b
Gross Profit	AU$2.04b
Other Expenses	AU$1.77b
Earnings	AU$276.30m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

May 16, 2024

Earnings per share (EPS)	0.14
Gross Margin	37.51%
Net Profit Margin	5.08%
Debt/Equity Ratio	26.9%

How did IPL perform over the long term?

See historical performance and comparison

Dividends

5.4%

Current Dividend Yield

105%

Payout Ratio

IPL Stock Overview

Rewards

Risk Analysis

Incitec Pivot Limited Competitors

ASX:ORI

AU$8.9b

ASX:LYC

AU$6.0b

ASX:IGO

AU$5.4b

ASX:BLD

AU$6.3b

Price History & Performance

Recent News & Updates

Incitec Pivot Limited Announces Resignation of Xiaoling Liu as Non-Executive Director, Effective 31 May 2024

Incitec Pivot Limited Announces Special Dividend, Payable on February 8, 2024

Incitec Pivot Limited, Annual General Meeting, Dec 19, 2024

Incitec Pivot Limited Appoints Mauro Neves de Moraes as Managing Director, Effective 22 January, 2024

CF Industries Holdings, Inc. (NYSE:CF) completed the acquisition of Ammonia Production Facility and Business in Waggaman, Louisiana of from Incitec Pivot Limited (ASX:IPL).

CF Industries Holdings, Inc. (NYSE:CF) completed the acquisition of Ammonia Production Facility and Business in Waggaman, Louisiana of from Incitec Pivot Limited (ASX:IPL).

Recent updates

Incitec Pivot Limited Announces Resignation of Xiaoling Liu as Non-Executive Director, Effective 31 May 2024

Incitec Pivot Limited Announces Special Dividend, Payable on February 8, 2024

Incitec Pivot Limited, Annual General Meeting, Dec 19, 2024

Incitec Pivot Limited Appoints Mauro Neves de Moraes as Managing Director, Effective 22 January, 2024

CF Industries Holdings, Inc. (NYSE:CF) completed the acquisition of Ammonia Production Facility and Business in Waggaman, Louisiana of from Incitec Pivot Limited (ASX:IPL).

CF Industries Holdings, Inc. (NYSE:CF) completed the acquisition of Ammonia Production Facility and Business in Waggaman, Louisiana of from Incitec Pivot Limited (ASX:IPL).

Upcoming dividend of AU$0.05 per share at 5.3% yield

Incitec Pivot Limited Announces Board Changes

Incitec Pivot Limited to Report Fiscal Year 2023 Final Results on Nov 20, 2023

Full year 2023 earnings released: EPS: AU$0.14 (vs AU$0.52 in FY 2022)

Incitec Pivot Updates on Structural Separation of Fertilisers Business

Upcoming dividend of AU$0.10 per share at 9.5% yield

Incitec Pivot Limited Announces Chief Executive Officer Changes

Incitec Pivot Limited Announces Dividend for the Six Months Ended March 31, 2023, Payment Date of July 4, 2023

First half 2023 earnings released: EPS: AU$0.066 (vs AU$0.20 in 1H 2022)

Now 22% undervalued after recent price drop

Now 21% undervalued after recent price drop

Now 20% undervalued

Yara Reportedly Tipped to Buy Incitec's US Plant

Upcoming dividend of AU$0.17 per share

Incitec Pivot Limited Announces Dividend for Six Months Ended September 30, 2022, Payable on December 21, 2022

Full year 2022 earnings released: EPS: AU$0.52 (vs AU$0.077 in FY 2021)

Incitec Pivot Limited (ASX:IPL) announces an Equity Buyback for AUD 400 million worth of its shares.

Incitec Pivot Limited Appoints Chris Opperman as Chief Financial Officer Designate of the Proposed Standalone Incitec Pivot Fertilisers Business

Incitec Pivot Limited Announces Appointment of Michael Carroll as Chairman Designate for Incitec Pivot Fertilisers

Independent Non-Executive Chairman recently bought AU$143k worth of stock

Upcoming dividend of AU$0.10 per share

First half 2022 earnings released: EPS: AU$0.20 (vs AU$0.019 in 1H 2021)

Incitec Pivot Limited Announces Dividend for the Six Months Ended March 31, 2022, Payment Date of 5/7/2022

Incitec Pivot Limited Provides Waggaman Plant Update

Incitec Pivot Limited Updates on Waggaman Ammonia Plant

Incitec Pivot Limited Announces Incident at Waggaman Ammonia Plant

Incitec Pivot Limited (ASX:IPL) entered into an agreement to acquire Titanobel SAS for €91 million.

Upcoming dividend of AU$0.083 per share

Full year 2021 earnings released: EPS AU$0.077 (vs AU$0.071 in FY 2020)

Incitec Pivot Limited Announces Ordinary Distribution for the Six Months Ended March 31, 2021, Payable on July 2, 2021

Incitec Pivot Limited Recommences Operations by Mid-March

Incitec Pivot Limited Provides Earnings Guidance for the First Half, Second Half and for the Full Year of 2021

Independent Non-Executive Director recently bought AU$260k worth of stock

Incitec Pivot Limited to Report First Half, 2021 Results on May 17, 2021

New 90-day high: AU$2.51

New 90-day high: AU$2.21

Incitec Pivot Limited Announces Board Changes

Full year 2020 earnings released: EPS AU$0.071

Revenue misses expectations

Incitec Pivot Limited Not to Pay Final Dividend for Fiscal 2020

IncitecPivot Ltd to Report Fiscal Year 2010 Results on 11/15/2010

Shareholder Returns

Price Volatility

About the Company

Incitec Pivot Limited Fundamentals Summary

19.5x

1.0x

Earnings & Revenue

Dividends

5.4%

105%