The Mosaic Co

MOS: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$19.00	Hlq	Kzgjpkmzn

Maintaining $44 FVE as Mosaic Reports Strong Third-Quarter Results; Shares Slightly Overvalued

Seth Goldstein

Nov 8, 2022

Mosaic reported strong third-quarter results. Adjusted EBITDA was up 74% year over year driven by higher potash and phosphate prices. After updating our forecast, we maintain our Mosaic fair value estimate of $44 per share. Our no-moat rating is also unchanged.

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