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The Mosaic Co MOS

Morningstar Rating
$28.68 +0.27 (0.95%)
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Company Report

Mosaic Earnings: Shares Sink on Management's Outlook for Lower Near-Term Fertilizer Prices

Mosaic's first-quarter results reflected the continued decline of fertilizer prices from the all-time high levels reached in 2022. Our outlook for near- and long-term potash and phosphate prices is largely unchanged. Mosaic announced a deal to sell its 25% stake in its Saudi phosphate joint venture to JV partner Ma'aden in exchange for common equity shares in Ma'aden, which we view as value-neutral.

Price vs Fair Value

MOS is trading at a 28% discount.
Price
$28.68
Fair Value
$34.00
Uncertainty
High
1-Star Price
$13.00
5-Star Price
$72.00
Economic Moat
Hxn
Capital Allocation
Pndvljwf

Bulls Say, Bears Say

Bulls

Mosaic’s K3 Esterhazy potash mine eliminated its historical flooding issues and will move its potash production costs closer to its low-cost Canpotex peer.

Bears

Low-cost phosphate producers such as state-owned OCP in Morocco continue to expand capacity and could take market share from Mosaic over the long term through the pursuit of a volume-over-price strategy.

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News

Trading Information

Previous Close Price
$28.41
Day Range
$28.4829.48
52-Week Range
$27.8342.81
Bid/Ask
$28.67 / $28.68
Market Cap
$9.22 Bil
Volume/Avg
5.2 Mil / 5.0 Mil

Key Statistics

Price/Earnings (Normalized)
6.23
Price/Sales
0.74
Dividend Yield (Trailing)
2.82%
Dividend Yield (Forward)
2.93%
Total Yield
7.26%

Company Profile

Formed in 2004 by the combination of IMC Global and Cargill's fertilizer business, Mosaic is one of the largest phosphate and potash producers in the world. The company's assets include phosphate rock mines in Florida, Brazil, and Peru and potash mines in Saskatchewan, New Mexico, and Brazil. Mosaic also runs a large fertilizer distribution operation in Brazil through its Mosiac Fertilizantes business, which the company acquired from Vale in 2018.
Sector
Basic Materials
Industry
Agricultural Inputs
Stock Style Box
Mid Core
Total Number of Employees
14,049

Competitors

Valuation

Metric
MOS
CF
SQM
Price/Earnings (Normalized)
6.2311.886.81
Price/Book Value
0.772.512.46
Price/Sales
0.742.331.82
Price/Cash Flow
5.395.76
Price/Earnings
MOS
CF
SQM

Financial Strength

Metric
MOS
CF
SQM
Quick Ratio
0.493.171.68
Current Ratio
1.223.812.50
Interest Coverage
7.7015.5022.44
Quick Ratio
MOS
CF
SQM

Profitability

Metric
MOS
CF
SQM
Return on Assets (Normalized)
3.84%10.62%18.60%
Return on Equity (Normalized)
7.25%25.93%39.48%
Return on Invested Capital (Normalized)
6.10%12.56%23.58%
Return on Assets
MOS
CF
SQM
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