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Compass Minerals International Inc CMP

Morningstar Rating
$22.61 +0.58 (2.61%)
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Company Report

Compass Minerals Earnings: Lithium Project Officially Canceled as Focus Shifts to Free Cash Flow

Our key takeaway from Compass Minerals' fiscal first-quarter earnings is the strategic shift to focus on the maximization of free cash flow and returns on invested capital and away from earnings growth through new business ventures. As a part of this change, the company announced the cancellation of its plans to develop a lithium project as a byproduct of its plant nutrition business in the U.S. state of Utah.

Price vs Fair Value

CMP is trading within a range we consider fairly valued.
Price
$22.04
Fair Value
$81.00
Uncertainty
High
1-Star Price
$34.95
5-Star Price
$94.00
Economic Moat
Dhnd
Capital Allocation
Rssjffkm

Bulls Say, Bears Say

Bulls

Compass holds a portfolio of cost-advantaged assets, including the Ontario rock salt mine and brine operations at the Great Salt Lake in Utah.

Bears

Compass' salt operations could see lower profitability if management's cost-saving plan doesn't translate into profit restoration.

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News

Trading Information

Previous Close Price
$22.04
Day Range
$22.5822.77
52-Week Range
$18.8840.96
Bid/Ask
$22.59 / $22.64
Market Cap
$933.22 Mil
Volume/Avg
28,874 / 568,841

Key Statistics

Price/Earnings (Normalized)
96.39
Price/Sales
0.76
Dividend Yield (Trailing)
2.72%
Dividend Yield (Forward)
2.72%
Total Yield
2.72%

Company Profile

Compass Minerals currently produces two primary products: salt and specialty potash fertilizer. The company's main assets include rock salt mines in Ontario, Louisiana, and the United Kingdom and a salt brine operation at the Great Salt Lake in Utah that produces sulfate of potash and magnesium chloride. Compass' salt products are used for deicing and also by industrial and consumer end markets. The firm's sulfate of potash is used by growers of high-value crops that are sensitive to standard potash. Compass also sells fire retardants, with its magnesium chloride-based products used to combat forest fires.
Sector
Basic Materials
Industry
Other Industrial Metals & Mining
Stock Style Box
Small Core
Total Number of Employees
1,981

Competitors

Valuation

Metric
CMP
NTR
MOS
Price/Earnings (Normalized)
96.398.956.72
Price/Book Value
1.981.040.81
Price/Sales
0.760.900.75
Price/Cash Flow
6.555.755.13
Price/Earnings
CMP
NTR
MOS

Financial Strength

Metric
CMP
NTR
MOS
Quick Ratio
1.010.730.49
Current Ratio
3.071.251.22
Interest Coverage
0.015.767.70
Quick Ratio
CMP
NTR
MOS

Profitability

Metric
CMP
NTR
MOS
Return on Assets (Normalized)
1.28%5.61%4.99%
Return on Equity (Normalized)
4.54%11.93%9.46%
Return on Invested Capital (Normalized)
4.88%8.85%7.74%
Return on Assets
CMP
NTR
MOS
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