Intrepid Potash, Inc.
IPI
Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Mkt Cap
$353.9MPE
-8.17Debt
-Cash
$34.65MEV
-FCF
$20.62MP/E Ratio
-8.17Debt
-Cash
$34.65MEV
-FCF
$20.62MCharts data: {"Earnings":[{"time":"2014-12-30","value":9761000},{"time":"2015-12-30","value":-524776000},{"time":"2016-12-30","value":-66633000},{"time":"2017-12-30","value":-22910000},{"time":"2018-12-30","value":11783000},{"time":"2019-12-30","value":13631000},{"time":"2020-12-30","value":-27154000},{"time":"2021-12-30","value":249834000},{"time":"2022-12-30","value":72220000},{"time":"2023-12-30","value":-35673000}],"Sales":[{"time":"2014-12-30","value":410389000},{"time":"2015-12-30","value":287183000},{"time":"2016-12-30","value":210948000},{"time":"2017-12-30","value":157607000}],"Net Margins":[{"time":"2014-12-30","value":0.023784750565926476},{"time":"2015-12-30","value":-1.8273226479283244},{"time":"2016-12-30","value":-0.3158740542692986},{"time":"2017-12-30","value":-0.14536156388992874}],"Assets":[{"time":"2014-12-30","value":1166719000},{"time":"2015-12-30","value":640484000},{"time":"2016-12-30","value":540901000},{"time":"2017-12-30","value":511054000},{"time":"2018-12-30","value":525231000},{"time":"2019-12-30","value":578439000},{"time":"2020-12-30","value":550188000},{"time":"2021-12-30","value":766895000},{"time":"2022-12-30","value":794203000},{"time":"2023-12-30","value":768474000}],"Stockholders Equity":[{"time":"2014-12-30","value":947285000},{"time":"2015-12-30","value":426526000},{"time":"2016-12-30","value":363371000},{"time":"2017-12-30","value":402553000},{"time":"2018-12-30","value":417263000},{"time":"2019-12-30","value":434656000},{"time":"2020-12-30","value":411259000},{"time":"2021-12-30","value":663403000},{"time":"2022-12-30","value":715078000},{"time":"2023-12-30","value":684428000}],"ROE":[{"time":"2014-12-30","value":0.010304185118522937},{"time":"2015-12-30","value":-1.2303493808114863},{"time":"2016-12-30","value":-0.1833745675906993},{"time":"2017-12-30","value":-0.05691176068741259},{"time":"2018-12-30","value":0.028238784651406907},{"time":"2019-12-30","value":0.03136043215784436},{"time":"2020-12-30","value":-0.0660265185685906},{"time":"2021-12-30","value":0.3765946189571045},{"time":"2022-12-30","value":0.10099597526423691},{"time":"2023-12-30","value":-0.052120895112415036}],"ROA":[{"time":"2014-12-30","value":0.014607630457719468},{"time":"2015-12-30","value":-0.5752712011541272},{"time":"2016-12-30","value":-0.10422055052588182},{"time":"2017-12-30","value":-0.027396322110774987},{"time":"2018-12-30","value":0.02997919010873311},{"time":"2019-12-30","value":0.02889673759895166},{"time":"2020-12-30","value":-0.04154943401164693},{"time":"2021-12-30","value":0.05341669980896994},{"time":"2022-12-30","value":0.12151679104712523},{"time":"2023-12-30","value":-0.05721598909006681}]}
Intrepid Potash, Inc., together with its subsidiaries, engages in the extraction and production of the potash in the United States and internationally. It operates through three segments: Potash, Trio, and Oilfield Solutions. The company offers muriate of potash for various markets, such as agricultural market as a fertilizer input; the industrial market as a component in drilling and fracturing fluids for oil and gas wells, as well as an input to other industrial processes; and the animal feed market as a nutrient supplement. It also provides Trio, a specialty fertilizer that delivers potassium, sulfate, and magnesium in a single particle; water for oil and gas services industry; salt for various markets, including animal feed, industrial applications, pool salt, and the treatment of roads and walkways for ice melting or to manage road conditions; magnesium chloride for use as a road treatment agent for deicing and dedusting; brines for use in oil and gas industry to support well workover and completion activities; and metal recovery salts. Intrepid Potash, Inc. was founded in 2000 and is based in Denver, Colorado.
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DCF
Discounted Cash Flow Valuation of Intrepid Potash, Inc.
Value
Growth
%
%
Discount
%
%
Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $20.62M | $22.66M | $24.78M | $26.96M | $29.19M | $31.44M | $33.7M | $35.93M | $38.12M | $40.23M | $42.24M | $422.4M |
| DCF | $19.7M | $18.74M | $17.73M | $16.69M | $15.63M | $14.57M | $13.51M | $12.46M | $11.44M | $10.44M | $104.4M | |
| Value | $255.3M | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth 51%
Earnings Stability -44%
Competitiveness and MOAT
High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.
| Years | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | -180% | -32% | -15% | - | - | - | - | - | - | - |
| ROA | -58% | -10% | -2.7% | 3% | 2.9% | -4.2% | 5.3% | 12% | -5.7% | -6.7% |
| ROE | -120% | -18% | -5.7% | 2.8% | 3.1% | -6.6% | 38% | 10% | -5.2% | -6.4% |
What is the average Net Margin?
The average Net Margin over the past 5 years is -.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is -.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +2.25%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is -0.18%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is +6.98%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is +0.71%.
Safety & Stabiliy
Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.
| Years | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | -6.43 | -4.14 | 16.02 | 1.05 | -3.44 | 2.38 | 0.00 | - | - | - |
| Debt Equity | 0.35 | 0.37 | 0.15 | 0.12 | 0.11 | 0.09 | 0.00 | - | - | - |
| MIN | ||||||||||
| Graham Stability | - | - | - | - | - | -3.3K% | - | 92% | -36% | -3.3K% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is -.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is 0.27.
What is the Graham’s Stability?
Graham’s Stability measure stands at -32.53.
Growth
Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.
| Years | 12-2016 | 12-2018 | 12-2020 | 12-2022 | Trend |
|---|---|---|---|---|---|
| Revenue | - | - | - | - | 2.4% |
| Net Income | - | - | - | - | -29% |
| Stockholders Equity | 9.5% | 10% | 19% | -4.3% | 6% |
| FCF | - | - | - | - | -310% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is -.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is +2.37%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is -.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is -28.93%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is +10.4%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is +6.04%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is -.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is -306.04%.