Itafos operates as a vertically integrated phosphate fertilizers and specialty products company.
Mediocre balance sheet and overvalued.
Share Price & News
How has Itafos's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IFOS has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: IFOS underperformed the Canadian Chemicals industry which returned -24.4% over the past year.
Return vs Market: IFOS underperformed the Canadian Market which returned 5.8% over the past year.
Price Volatility Vs. Market
How volatile is Itafos's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StIs Itafos (CVE:IFOS) Using Debt Sensibly?
6 months ago | Simply Wall StItafos (CVE:IFOS) Has Debt But No Earnings; Should You Worry?
7 months ago | Simply Wall StVolatility 101: Should Itafos (CVE:IFOS) Shares Have Dropped 45%?
Is Itafos undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate IFOS's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate IFOS's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: IFOS is unprofitable, so we can't compare its PE Ratio to the Chemicals industry average.
PE vs Market: IFOS is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate IFOS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: IFOS is good value based on its PB Ratio (0.2x) compared to the CA Chemicals industry average (1.3x).
How is Itafos forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IFOS is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: IFOS is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: IFOS is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: IFOS's revenue is expected to decline over the next 3 years (-7.9% per year).
High Growth Revenue: IFOS's revenue is forecast to decline over the next 3 years (-7.9% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if IFOS's Return on Equity is forecast to be high in 3 years time
How has Itafos performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IFOS is currently unprofitable.
Growing Profit Margin: IFOS is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: IFOS is unprofitable, and losses have increased over the past 5 years at a rate of -12.5% per year.
Accelerating Growth: Unable to compare IFOS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: IFOS is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (-16.5%).
Return on Equity
High ROE: IFOS has a negative Return on Equity (-97.77%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Itafos's financial position?
Financial Position Analysis
Short Term Liabilities: IFOS's short term assets ($165.2M) exceed its short term liabilities ($89.7M).
Long Term Liabilities: IFOS's short term assets ($165.2M) do not cover its long term liabilities ($263.2M).
Debt to Equity History and Analysis
Debt Level: IFOS's debt to equity ratio (89.8%) is considered high.
Reducing Debt: IFOS's debt to equity ratio has reduced from 126% to 89.8% over the past 5 years.
Inventory Level: IFOS has a high level of physical assets or inventory.
Debt Coverage by Assets: IFOS's debt is not covered by short term assets (assets are 0.9x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: IFOS has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: IFOS has less than a year of cash runway if free cash flow continues to grow at historical rates of 15.7% each year.
What is Itafos's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate IFOS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate IFOS's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if IFOS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if IFOS's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of IFOS's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mhamed Ibnabdeljalil (54yo)
Dr. Mhamed Ibnabdeljalil, Ph.D., has been Chief Executive Officer of Itafos since January 20, 2020. He was an Interim Chief Executive Officer of Itafos since May 16, 2019. Dr. Ibnabdeljalil is the Founder ...
|CEO & Director||0.8yrs||US$180.47k||0.0064% $4.5k|
|Chief Financial Officer||1.8yrs||US$341.93k||no data|
|General Counsel & Corporate Secretary||3yrs||US$414.23k||0.0038% $2.7k|
|VP Operations & GM of Itafos Conda||0.3yrs||no data||no data|
|Vice President of Operations||0.8yrs||no data||no data|
Experienced Management: IFOS's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
|CEO & Director||0.8yrs||US$180.47k||0.0064% $4.5k|
|Independent Director||3yrs||US$180.47k||0.026% $18.7k|
|Independent Director||2.1yrs||US$180.47k||no data|
|Interim Chairman of the Board||0.3yrs||US$180.47k||0.020% $14.1k|
Experienced Board: IFOS's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.8%.
Itafos's company bio, employee growth, exchange listings and data sources
- Name: Itafos
- Ticker: IFOS
- Exchange: TSXV
- Industry: Fertilizers and Agricultural Chemicals
- Sector: Materials
- Market Cap: CA$70.560m
- Shares outstanding: 145.48m
- Website: https://www.itafos.com
Number of Employees
- Ugland House
- George Town
- Grand Cayman
- Cayman Islands
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MBCF.F||OTCPK (Pink Sheets LLC)||Yes||New Common Shares||US||USD||Nov 2016|
|IFOS||TSXV (TSX Venture Exchange)||Yes||New Common Shares||CA||CAD||Nov 2016|
|MBN||DB (Deutsche Boerse AG)||Yes||New Common Shares||DE||EUR||Nov 2016|
Itafos operates as a vertically integrated phosphate fertilizers and specialty products company. It operates through Itafos Conda, Itafos Arraias, and Development and Exploration segments. The company produces and sells monoammonium phosphate, superphosphoric acid, merchant grade phosphoric acid, single superphosphate, and ammonium polyphosphate. It owns, develops, and operates various projects, including Itafos Conda located in Idaho, the United States; Itafos Arraias situated in Tocantins, Brazil; Itafos Paris Hills, a phosphate mine project located in Idaho, the United States; Itafos Farim, a phosphate mine project situated in Farim, Guinea-Bissau; Itafos Santana, an integrated phosphate fertilizer project located in Pará, Brazil; Itafos Araxá, a phosphate and rare earth oxide mine project situated in Minas Gerais, Brazil; and Itafos Mantaro, a phosphate mine project located in Junin, Peru. Itafos has an engineering, procurement, and construction management agreement with Lycopodium Minerals Canada Limited for mine site development; and W.F Baird and Associates Ltd. for port site development. The company was formerly known as MBAC Fertilizer Corp. and changed its name to Itafos in December 2016. Itafos is based in George Town, the Cayman Islands. Itafos is a subsidiary of CL Fertilizers Holding LLC.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/17 01:19|
|End of Day Share Price||2020/02/13 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.