IPI

Intrepid PotashNYSE:IPI Stock Report

Market Cap

US$377.4m

7D

-1.7%

1Y

210.4%

Updated

16 Sep, 2021

Data

Company Financials +
IPI fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance2/6
Financial Health5/6
Dividends0/6

IPI Overview

Intrepid Potash, Inc. produces and sells potash and langbeinite products in the United States and internationally.

Intrepid Potash Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Intrepid Potash
Historical stock prices
Current Share PriceUS$28.77
52 Week HighUS$7.94
52 Week LowUS$39.19
Beta2.19
1 Month Change-13.47%
3 Month Change1.59%
1 Year Change210.36%
3 Year Change-20.53%
5 Year Change163.95%
Change since IPO-94.29%

Recent News & Updates

Aug 21

Intrepid Potash: The Table Is Set For A Strong 2022

Intrepid Potash had strong Q2 earnings and solid full-year guidance. The company has raised potash and TRIO prices twice since June; Q1 2022 potash pricing is on track to be up $200/ton over summer 2021 pricing. The Oilfield Solutions segment is hurt by a recent court ruling, but the company's water recycling capacity will be over 200,000 barrels a day by Q1 2022. The bulk of Intrepid's PPP loan was forgiven in Q2; by the end of August, the company will be completely debt-free. 2022 will be the year everything comes together for Intrepid Potash.

Aug 10
Investors Shouldn't Be Too Comfortable With Intrepid Potash's (NYSE:IPI) Robust Earnings

Investors Shouldn't Be Too Comfortable With Intrepid Potash's (NYSE:IPI) Robust Earnings

Unsurprisingly, Intrepid Potash, Inc.'s ( NYSE:IPI ) stock price was strong on the back of its healthy earnings report...

Shareholder Returns

IPIUS ChemicalsUS Market
7D-1.7%-0.7%-0.6%
1Y210.4%22.3%33.6%

Return vs Industry: IPI exceeded the US Chemicals industry which returned 23% over the past year.

Return vs Market: IPI exceeded the US Market which returned 33.7% over the past year.

Price Volatility

Is IPI's price volatile compared to industry and market?
IPI volatility
IPI Beta2.19
Industry Beta1.14
Market Beta1

Stable Share Price: IPI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: IPI's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2000440Bob Jornayvazhttps://www.intrepidpotash.com

Intrepid Potash, Inc. produces and sells potash and langbeinite products in the United States and internationally. It operates through three segments: Potash, Trio, and Oilfield Solutions. The Potash segment offers muriate of potash or potassium chloride for use as a fertilizer input in the agricultural market; as a component in drilling and fracturing fluids for oil and gas wells, as well as an input to other industrial processes in the industrial market; and as a nutrient supplement in the animal feed market.

Valuation

Is Intrepid Potash undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IPI ($28.77) is trading below our estimate of fair value ($95)

Significantly Below Fair Value: IPI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: IPI is poor value based on its PE Ratio (34.1x) compared to the US Chemicals industry average (22.8x).

PE vs Market: IPI is poor value based on its PE Ratio (34.1x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: IPI is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: IPI is good value based on its PB Ratio (0.9x) compared to the US Chemicals industry average (2.7x).


Future Growth

How is Intrepid Potash forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

62.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IPI's forecast earnings growth (62% per year) is above the savings rate (2%).

Earnings vs Market: IPI's earnings (62% per year) are forecast to grow faster than the US market (14.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: IPI's revenue is expected to decline over the next 3 years (-1.1% per year).

High Growth Revenue: IPI's revenue is forecast to decline over the next 3 years (-1.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IPI's Return on Equity is forecast to be low in 3 years time (3.9%).


Past Performance

How has Intrepid Potash performed over the past 5 years?

83.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IPI has a large one-off gain of $11.2M impacting its June 30 2021 financial results.

Growing Profit Margin: IPI became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: IPI has become profitable over the past 5 years, growing earnings by 83.5% per year.

Accelerating Growth: IPI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: IPI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Chemicals industry (38.9%).


Return on Equity

High ROE: IPI's Return on Equity (2.5%) is considered low.


Financial Health

How is Intrepid Potash's financial position?


Financial Position Analysis

Short Term Liabilities: IPI's short term assets ($156.4M) exceed its short term liabilities ($65.7M).

Long Term Liabilities: IPI's short term assets ($156.4M) exceed its long term liabilities ($56.9M).


Debt to Equity History and Analysis

Debt Level: IPI's debt to equity ratio (6.9%) is considered satisfactory.

Reducing Debt: IPI's debt to equity ratio has reduced from 37.3% to 6.9% over the past 5 years.

Debt Coverage: IPI's debt is well covered by operating cash flow (198%).

Interest Coverage: IPI's interest payments on its debt are not well covered by EBIT (0.9x coverage).


Balance Sheet


Dividend

What is Intrepid Potash current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate IPI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate IPI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if IPI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if IPI'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 IPI's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Bob Jornayvaz (63 yo)

7.08yrs

Tenure

US$2,069,567

Compensation

Mr. Robert P. Jornayvaz, III, also known as Bob, served as an Owner and Principal at Intrepid Mining LLC. Mr. Jornayvaz Co-founded Intrepid Potash, Inc. Mr. Jornayvaz has been an Executive Chairman of the...


CEO Compensation Analysis

Compensation vs Market: Bob's total compensation ($USD2.07M) is about average for companies of similar size in the US market ($USD1.69M).

Compensation vs Earnings: Bob's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: IPI's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: IPI's board of directors are considered experienced (6.4 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Intrepid Potash, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Intrepid Potash, Inc.
  • Ticker: IPI
  • Exchange: NYSE
  • Founded: 2000
  • Industry: Fertilizers and Agricultural Chemicals
  • Sector: Materials
  • Market Cap: US$377.404m
  • Shares outstanding: 13.12m
  • Website: https://www.intrepidpotash.com

Number of Employees


Location

  • Intrepid Potash, Inc.
  • 1001 17th Street
  • Suite 1050
  • Denver
  • Colorado
  • 80202
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 22:54
End of Day Share Price2021/09/16 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.