(IPI) Intrepid Potash - Overview
Sector: Basic Materials | Industry: Agricultural Inputs | Exchange: NYSE (USA) | Market Cap: 531m USD | Total Return: 5.2% in 12m
Avg Turnover: 7.41M
Qual. Beats: 2
Rev. Trend: 1.1%
Qual. Beats: 0
Warnings
Earnings expected to drop: P/E 35.6 → Forward 126.6
Altman Z'' 0.79 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
Confidence
Intrepid Potash, Inc. (IPI) is a Denver-based mineral producer operating three primary segments: Potash, Trio, and Oilfield Solutions. The company extracts and processes muriate of potash for agricultural fertilizers, animal feed supplements, and industrial drilling fluids. It also produces Trio, a specialty fertilizer combining potassium, sulfate, and magnesium, alongside various salt products for road deicing and industrial applications.
The company utilizes solar evaporation mines, a low-cost extraction method compared to traditional underground shaft mining, which leverages environmental conditions to concentrate minerals in brine ponds. As a domestic producer, Intrepid Potash benefits from reduced logistics costs when serving the U.S. agricultural and industrial markets relative to international competitors. Investors may find additional data on these operational margins at ValueRay.
- Global potash and specialty fertilizer prices dictate core revenue and margins
- Volatility in natural gas prices significantly impacts fertilizer production costs
- Agricultural commodity prices drive farmer demand for potassium and magnesium nutrients
- Periodic drought conditions affect water availability for evaporation-based mining operations
- Oil and gas drilling activity levels determine demand for oilfield brine solutions
| Net Income: 14.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 5.32 > 1.0 |
| NWC/Revenue: 82.16% < 20% (prev 59.43%; Δ 22.73% < -1%) |
| CFO/TA 0.11 > 3% & CFO 68.0m > Net Income 14.0m |
| Net Debt (-95.6m) to EBITDA (59.0m): -1.62 < 3 |
| Current Ratio: 5.26 > 1.5 & < 3 |
| Outstanding Shares: last quarter (13.3m) vs 12m ago 1.52% < -2% |
| Gross Margin: 18.43% > 18% (prev 0.13%; Δ 1.83k% > 0.5%) |
| Asset Turnover: 48.16% > 50% (prev 44.89%; Δ 3.26% > 0%) |
| Interest Coverage Ratio: 55.58 > 6 (EBITDA TTM 59.0m / Interest Expense TTM 294k) |
| A: 0.38 (Total Current Assets 303.6m - Total Current Liabilities 57.8m) / Total Assets 641.5m |
| B: -0.24 (Retained Earnings -153.5m / Total Assets 641.5m) |
| C: 0.03 (EBIT TTM 16.3m / Avg Total Assets 621.4m) |
| D: -1.07 (Book Value of Equity -153.4m / Total Liabilities 143.3m) |
| Altman-Z'' = 0.79 = B |
| DSRI: 0.83 (Receivables 46.4m/50.3m, Revenue 299.3m/269.9m) |
| GMI: 0.71 (GM 18.43% / 13.08%) |
| AQI: 0.64 (AQ_t 0.07 / AQ_t-1 0.10) |
| SGI: 1.11 (Revenue 299.3m / 269.9m) |
| TATA: -0.08 (NI 14.0m - CFO 68.0m) / TA 641.5m) |
| Beneish M = -3.65 (Cap -4..+1) = AAA |
As of May 30, 2026, the stock is trading at USD 39.07 with a total of 139,900 shares traded.
Over the past week, the price has changed by -3.15%,
over one month by +1.45%,
over three months by +5.68% and
over the past year by +5.20%.
Intrepid Potash has received a consensus analysts rating of 1.00. Therefore, it is recommended to sell IPI.
- StrongBuy: 0
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 2
| Analysts Target Price | 26 | -33.5% |
P/E Trailing = 35.5946
P/E Forward = 126.5823
P/S = 2.1895
P/B = 1.0653
P/EG = 0.961
Revenue TTM = 299.3m USD
EBIT TTM = 16.3m USD
EBITDA TTM = 59.0m USD
Long Term Debt = 1.74m USD (from longTermDebtTotal, last fiscal year)
Short Term Debt = unknown (none)
Debt = 3.68m USD (from shortLongTermDebtTotal, last quarter) (leases 3.68m already included)
Net Debt = -95.6m USD (calculated: Debt 3.68m - CCE 99.3m)
Enterprise Value = 435.2m USD (530.7m + Debt 3.68m - CCE 99.3m)
Interest Coverage Ratio = 55.58 (Ebit TTM 16.3m / Interest Expense TTM 294k)
EV/FCF = 10.63x (Enterprise Value 435.2m / FCF TTM 40.9m)
FCF Yield = 9.41% (FCF TTM 40.9m / Enterprise Value 435.2m)
FCF Margin = 13.68% (FCF TTM 40.9m / Revenue TTM 299.3m)
Net Margin = 4.68% (Net Income TTM 14.0m / Revenue TTM 299.3m)
Gross Margin = 18.43% ((Revenue TTM 299.3m - Cost of Revenue TTM 244.1m) / Revenue TTM)
Gross Margin QoQ = 17.12% (prev 19.40%)
Tobins Q-Ratio = 0.68 (Enterprise Value 435.2m / Total Assets 641.5m)
Interest Expense / Debt = 7.99% (Interest Expense 294k / Debt 3.68m)
Taxrate = 0.85% (59.0k / 6.94m)
NOPAT = 16.2m (EBIT 16.3m * (1 - 0.85%))
Current Ratio = 5.26 (Total Current Assets 303.6m / Total Current Liabilities 57.8m)
Debt / Equity = 0.01 (Debt 3.68m / totalStockholderEquity, last quarter 498.2m)
Debt / EBITDA = -1.62 (Net Debt -95.6m / EBITDA 59.0m)
Debt / FCF = -2.34 (Net Debt -95.6m / FCF TTM 40.9m)
Total Stockholder Equity = 491.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.25% (Net Income 14.0m / Total Assets 641.5m)
RoE = 2.17% (Net Income TTM 14.0m / Total Stockholder Equity 644.5m)
RoCE = 2.53% (EBIT 16.3m / Capital Employed (Equity 644.5m + L.T.Debt 1.74m))
RoIC = 3.05% (NOPAT 16.2m / Invested Capital 531.7m)
WACC = 8.25% (E(530.7m)/V(534.4m) * Re(8.25%) + D(3.68m)/V(534.4m) * Rd(7.99%) * (1-Tc(0.01)))
Discount Rate = 8.25% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 91.11 | Cagr: 1.70%
[DCF] Terminal Value 77.97% ; FCFF base≈27.1m ; Y1≈31.1m ; Y5≈45.7m
[DCF] Fair Price = 58.35 (EV 688.2m - Net Debt -95.6m = Equity 783.8m / Shares 13.4m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 1.51 | # QB: 2
Revenue Correlation: 1.09 | Revenue CAGR: 0.08% | SUE: 0.70 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.38 | Chg30d=+65.31% | Revisions=+33% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=2
EPS current Year (2026-12-31): EPS=1.25 | Chg30d=+31.21% | Revisions=+20% | GrowthEPS=-13.1% | GrowthRev=-3.8%
EPS next Year (2027-12-31): EPS=0.57 | Chg30d=-8.70% | Revisions=+20% | GrowthEPS=-54.5% | GrowthRev=-3.9%
[Analyst] Revisions Ratio: +33%