NYSE:IPI

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Excellent balance sheet and good value.


Similar Companies

Share Price & News

How has Intrepid Potash's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-7.8%

IPI

-0.6%

US Chemicals

-0.2%

US Market


1 Year Return

-6.8%

IPI

-14.1%

US Chemicals

1.1%

US Market

IPI outperformed the Chemicals industry which returned -13.6% over the past year.

IPI underperformed the Market in United States of America which returned 1.6% over the past year.


Share holder returns

IPIIndustryMarket
7 Day-7.8%-0.6%-0.2%
30 Day13.2%4.0%2.5%
90 Day3.6%0.8%1.6%
1 Year-6.8%-6.8%-0.6%-14.1%3.4%1.1%
3 Year222.6%222.6%43.8%17.4%45.2%35.8%
5 Year-77.8%-77.8%38.0%7.5%62.6%44.8%

Price Volatility Vs. Market

How volatile is Intrepid Potash's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Intrepid Potash undervalued based on future cash flows and its price relative to the stock market?

44%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Intrepid Potash's share price is below the future cash flow value, and at a moderate discount (> 20%).

Intrepid Potash's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Intrepid Potash is good value based on earnings compared to the US Chemicals industry average.

Intrepid Potash is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Intrepid Potash is poor value based on expected growth next year.


Price Based on Value of Assets

Intrepid Potash is good value based on assets compared to the US Chemicals industry average.


Next Steps

Future Growth

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

10.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Intrepid Potash's revenue is expected to grow by 6.8% yearly, however this is not considered high growth (20% yearly).

Intrepid Potash's earnings are expected to grow by 10.5% yearly, however this is not considered high growth (20% yearly).

Intrepid Potash's revenue growth is positive but not above the United States of America market average.

Intrepid Potash's earnings growth is positive but not above the United States of America market average.

Intrepid Potash's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Intrepid Potash is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Intrepid Potash performed over the past 5 years?

22.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Intrepid Potash has delivered over 20% year on year earnings growth in the past 5 years.

Intrepid Potash has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.

Intrepid Potash has become profitable in the last year making it difficult to compare the US Chemicals industry average.


Return on Equity

Intrepid Potash has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Intrepid Potash used its assets less efficiently than the US Chemicals industry average last year based on Return on Assets.


Return on Capital Employed

Intrepid Potash has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).


Next Steps

Financial Health

How is Intrepid Potash's financial position?


Financial Position Analysis

Intrepid Potash is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Intrepid Potash's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Intrepid Potash's level of debt (16.2%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (15.9% vs 16.2% today).

Debt is well covered by operating cash flow (82.9%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 7.7x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.8x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Intrepid Potash's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Intrepid Potash's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Intrepid Potash has not reported any payouts.

Unable to verify if Intrepid Potash's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Intrepid Potash has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of Intrepid Potash's dividends in 3 years as they are not expected to pay a notable one for United States of America.


Next Steps

Management

What is the CEO of Intrepid Potash's salary, the management and board of directors tenure and is there insider trading?

4.5yrs

Average management tenure


CEO

Bob Jornayvaz (61yo)

5.1yrs

Tenure

US$3,687,768

Compensation

Mr. Robert P. Jornayvaz, III, also known as Bob, serves 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

Bob's remuneration is higher than average for companies of similar size in United States of America.

Bob's compensation has increased in line with Intrepid Potash recently becoming profitable.


Management Age and Tenure

4.5yrs

Average Tenure

53yo

Average Age

The tenure for the Intrepid Potash management team is about average.


Board Age and Tenure

9.3yrs

Average Tenure

64.5yo

Average Age

The tenure for the Intrepid Potash board of directors is about average.


Insider Trading

More shares have been bought than sold by Intrepid Potash individual insiders in the past 3 months.


Recent Insider Transactions

BuyUS$112,37028 Aug 19
Robert Jornayvaz
EntityIndividual
Role
Chief Executive Officer
Executive Chairman
Shares39,500
Max PriceUS$2.90
BuyUS$15,25023 Aug 19
Robert Jornayvaz
EntityIndividual
Role
Chief Executive Officer
Executive Chairman
Shares5,000
Max PriceUS$3.05
BuyUS$7,00322 Aug 19
Robert Jornayvaz
EntityIndividual
Role
Chief Executive Officer
Executive Chairman
Shares2,296
Max PriceUS$3.05
BuyUS$151,14022 Aug 19
Clearway Capital Management Ltd
EntityCompany
Shares50,000
Max PriceUS$3.02
BuyUS$31620 Aug 19
Erica Wyatt
EntityIndividual
Role
Head of Human Resources
Chief Human Resources Officer
Shares100
Max PriceUS$3.16
BuyUS$64,50014 Aug 19
Harvey Operating & Production Company
EntityCompany
Shares20,000
Max PriceUS$3.25
BuyUS$11,45530 May 19
Robert Jornayvaz
EntityIndividual
Role
Chief Executive Officer
Executive Chairman
Shares3,695
Max PriceUS$3.10
BuyUS$55,05028 May 19
Robert Jornayvaz
EntityIndividual
Role
Chief Executive Officer
Executive Chairman
Shares17,675
Max PriceUS$3.14
BuyUS$84,48017 May 19
Robert Jornayvaz
EntityIndividual
Role
Chief Executive Officer
Executive Chairman
Shares25,835
Max PriceUS$3.27
SellUS$35,15022 Mar 19
Joseph Montoya
EntityIndividual
Role
Chief Accounting Officer
VP & Chief Accounting Officer
Shares9,500
Max PriceUS$3.70
BuyUS$51,01322 Mar 19
Robert Jornayvaz
EntityIndividual
Role
Chief Executive Officer
Executive Chairman
Shares13,900
Max PriceUS$3.67
BuyUS$643,10013 Feb 19
Clearway Capital Management Ltd
EntityCompany
Shares200,000
Max PriceUS$3.22
BuyUS$647,53611 Jan 19
Clearway Capital Management Ltd
EntityCompany
Shares203,470
Max PriceUS$3.21
BuyUS$149,96513 Dec 18
Clearway Capital Management Ltd
EntityCompany
Shares50,000
Max PriceUS$3.00
BuyUS$2,214,50719 Oct 18
Clearway Capital Management Ltd
EntityCompany
Shares616,467
Max PriceUS$3.64

Ownership Breakdown


Management Team

  • Hugh Harvey (67yo)

    Executive Vice Chairman of the Board

    • Tenure: 9.3yrs
    • Compensation: US$183.20k
  • Bob Jornayvaz (61yo)

    Executive Chairman

    • Tenure: 5.1yrs
    • Compensation: US$3.69m
  • Margaret McCandless (46yo)

    VP, General Counsel & Secretary

    • Tenure: 4.7yrs
    • Compensation: US$355.11k
  • Erica Wyatt (46yo)

    Chief Human Resources Officer

    • Tenure: 4.3yrs
    • Compensation: US$259.98k
  • Joseph Montoya (52yo)

    VP & Chief Accounting Officer

    • Tenure: 2.4yrs
    • Compensation: US$363.83k
  • Mark McDonald (54yo)

    Vice President of Sales & Marketing

    • Tenure: 1.8yrs
    • Compensation: US$284.09k

Board Members

  • Terry Considine (71yo)

    Director

    • Tenure: 11.4yrs
    • Compensation: US$182.50k
  • Lanny Martin (73yo)

    Lead Director

    • Tenure: 0yrs
    • Compensation: US$190.00k
  • Barth Whitham (62yo)

    Director

    • Tenure: 11.4yrs
    • Compensation: US$185.00k
  • Chris Elliott (53yo)

    Director

    • Tenure: 9.1yrs
    • Compensation: US$185.00k
  • Hugh Harvey (67yo)

    Executive Vice Chairman of the Board

    • Tenure: 9.3yrs
    • Compensation: US$183.20k
  • Bob Jornayvaz (61yo)

    Executive Chairman

    • Tenure: 5.1yrs
    • Compensation: US$3.69m

Company Information

Intrepid Potash, Inc.'s company bio, 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$441.810m
  • Shares outstanding: 129.18m
  • Website: https://www.intrepidpotash.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
58IDB (Deutsche Boerse AG)YesCommon StockDEEURApr 2008
IPINYSE (New York Stock Exchange)YesCommon StockUSUSDApr 2008

Biography

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 segme ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/20 00:41
End of Day Share Price2019/09/19 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.