Icl Group Ltd. (ICL)
NYSE:ICL
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Icl
(NYSE:ICL)
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Rating:62Neutral
Price Target:
$7.00
â–²(33.59% Upside)
Action:Reiterated
Date:05/15/26
The score is held back primarily by normalized post-2022 financial performance (compressed margins/ROE and uneven free cash flow), partially offset by a stable balance sheet. Technicals are supportive but look overextended, while valuation is mixed (negative P/E but a modest dividend). The latest earnings call adds support due to improving results and raised guidance, tempered by cost and currency/geopolitical headwinds.
Positive Factors
Integrated resource-to-specialty model
ICL’s vertical integration from mining to specialty formulations is a durable competitive advantage. Owning feedstock reduces supply risk, enables higher-margin specialty conversions, and supports long-term product differentiation and supply reliability across agriculture and industrial end markets.
Negative Factors
Compressed profitability and low ROE
Profitability has structurally weakened from prior peak levels, reducing internal capital generation and shareholder returns. Persistently lower margins and ROE constrain reinvestment capacity, heighten sensitivity to cost shocks, and lengthen the path to historic return metrics.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated resource-to-specialty model
ICL’s vertical integration from mining to specialty formulations is a durable competitive advantage. Owning feedstock reduces supply risk, enables higher-margin specialty conversions, and supports long-term product differentiation and supply reliability across agriculture and industrial end markets.
Read all positive factors
Icl (ICL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$8.02B
Dividend Yield3.36%
Average Volume (3M)1.31M
Price to Earnings (P/E)30.4
Beta (1Y)0.83
Revenue Growth7.80%
EPS Growth-32.94%
CountryUS
Employees12,349
SectorBasic Materials
Sector Strength58
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)0.20
Shares Outstanding1,290,672,700
10 Day Avg. Volume953,106
30 Day Avg. Volume1,313,912
Financial Highlights & Ratios
PEG Ratio-0.75
Price to Book (P/B)1.23
Price to Sales (P/S)1.03
P/FCF Ratio56.69
Enterprise Value/Market Cap1.41
Enterprise Value/Revenue1.53
Enterprise Value/Gross Profit5.03
Enterprise Value/Ebitda8.38
Forecast
1Y Price Target
$6.43Price Target Upside22.77% Upside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)0.41
Revenue Forecast (FY)$7.68B
Icl Business Overview & Revenue Model
Company Description
ICL Group Ltd, together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Innovative Ag Solutions (IAS). The Industrial Prod...
How the Company Makes Money
ICL makes money by producing and selling mineral- and chemistry-based products across its operating segments, with revenue largely tied to sales volumes and market pricing for its products, plus value-added margins from specialty formulations.
1)...
Icl Earnings Call Summary
Earnings Call Date:May 13, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 29, 2026
Earnings Call Sentiment Positive
The call presents a predominantly positive operational and financial performance: solid top-line growth (+14%), strong profit improvement (adjusted net income +26%, adjusted EBITDA +15%), improved cash flow and a raised full-year EBITDA guidance. These positives are tempered by meaningful and potentially persistent headwinds—most notably sharply higher raw material costs (sulfur >100%), currency (stronger shekel) impacts, geopolitical-induced volatility and regional demand softness (e.g., North America planting delays, Brazil weakness). Management emphasizes resilience, execution, and targeted growth (acquisitions, new India facility) while noting margin pressure in phosphate and uncertainty around commodity and currency dynamics. On balance, the favorable revenue, margin recovery in key segments (notably potash), cash generation and upgraded guidance outweigh the material but manageable risks called out on the call.Positive Updates
Consolidated Revenue Growth
Total sales of $2.0 billion, up 14% year-over-year, driven by growth across all four segments.
Negative Updates
Raw Material Cost Inflation (Sulfur)
Significant raw material cost pressures, notably sulfur more than doubled (>100% increase) in the quarter, materially impacting Phosphate Solutions EBITDA (first-quarter EBITDA $131 million) and compressing margins.
Read all updates
Q1-2026 Updates
Positive
Negative
Consolidated Revenue Growth
Total sales of $2.0 billion, up 14% year-over-year, driven by growth across all four segments.
Read all positive updates
Company Guidance
ICL raised its 2026 guidance by $100 million, now expecting consolidated EBITDA of $1.5–$1.7 billion, potash sales volumes of 4.5–4.7 million metric tons and an annual adjusted tax rate of roughly 30%; management said potash and bromine prices are expected to remain elevated but cautioned on potential headwinds from a stronger shekel and higher raw-material costs (notably sulfur) which it will monitor through 2026.Icl Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
66
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.41B | 7.15B | 6.84B | 7.54B | 10.02B | 6.96B |
| Gross Profit | 2.25B | 2.19B | 2.26B | 2.67B | 5.03B | 2.61B |
| EBITDA | 1.35B | 1.32B | 1.38B | 1.67B | 4.04B | 1.72B |
| Net Income | 261.00M | 226.00M | 407.00M | 647.00M | 2.16B | 783.00M |
Balance Sheet | ||||||
| Total Assets | 13.01B | 12.41B | 11.32B | 11.63B | 11.75B | 11.08B |
| Cash, Cash Equivalents and Short-Term Investments | 581.00M | 496.00M | 442.00M | 592.00M | 508.00M | 564.00M |
| Total Debt | 3.15B | 2.76B | 2.29B | 2.69B | 2.82B | 3.01B |
| Total Liabilities | 6.68B | 6.17B | 5.33B | 5.59B | 6.04B | 6.34B |
| Stockholders Equity | 6.05B | 5.98B | 5.72B | 5.77B | 5.46B | 4.53B |
Cash Flow | ||||||
| Free Cash Flow | 264.95M | 130.00M | 650.00M | 815.00M | 1.38B | 454.00M |
| Operating Cash Flow | 1.06B | 954.00M | 1.36B | 1.59B | 2.13B | 1.06B |
| Investing Cash Flow | -944.26M | -930.00M | -711.00M | -863.00M | -747.00M | -579.00M |
| Financing Cash Flow | -40.26M | -78.00M | -724.00M | -712.00M | -1.42B | -244.00M |
Icl Technical Analysis
Neutral
5.24
Price Trends
5.70
Positive
5.48
Positive
5.62
Positive
Market Momentum
0.19
Positive
49.15
Neutral
8.44
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ICL, the sentiment is Neutral. The current price of 5.24 is below the 20-day moving average (MA) of 6.37, below the 50-day MA of 5.70, and below the 200-day MA of 5.62, indicating a neutral trend. The MACD of 0.19 indicates Positive momentum. The RSI at 49.15 is Neutral, neither overbought nor oversold. The STOCH value of 8.44 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ICL.
Icl Risk Analysis
Icl disclosed 60 risk factors in its most recent earnings report. Icl reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Icl Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $17.43B | 10.23 | 35.17% | 2.56% | 20.85% | 46.79% | |
71 Outperform | $1.26B | 10.50 | 40.08% | 12.33% | 19.00% | 61.11% | |
68 Neutral | $511.40M | 34.13 | 2.85% | ― | 9.55% | ― | |
62 Neutral | $8.02B | 30.44 | 4.32% | 3.36% | 7.80% | -32.94% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | $7.41B | 10.19 | 5.92% | 3.70% | 12.34% | -87.77% | |
45 Neutral | $1.64B | -0.62 | -83.04% | 16.68% | -16.63% | -865.93% |
* Basic Materials Sector Average
ICL
Icl
6.12
-0.64
-9.41%
CF
Cf Industries Holdings
116.60
26.89
29.98%
UAN
CVR Partners
121.75
48.45
66.10%
FMC
FMC
12.35
-28.17
-69.52%
IPI
Intrepid Potash
36.41
-1.56
-4.11%
MOS
Mosaic Co
23.30
-12.06
-34.11%
Icl Corporate Events
ICL Lifts 2026 EBITDA Guidance After Strong First Quarter Results
May 13, 2026
On May 13, 2026, ICL reported strong financial results for the first quarter ended March 31, 2026, highlighted by a 14% year-on-year increase in sales to $2.0 billion and a 27% rise in operating income to $235 million. Adjusted EBITDA climbed 15% ...
ICL Group Declares $69 Million Cash Dividend for June 2026 Payout
May 13, 2026
ICL Group Ltd. reported that on May 12, 2026, its board of directors approved a cash dividend of $0.05350 per share, totaling about $69 million, with some shareholders to be paid in New Israeli Shekels based on the Bank of Israel exchange rate on ...
ICL Posts Strong Q1 2026 Results on Higher Bromine, Potash and Phosphate Prices
May 13, 2026
On May 13, 2026, ICL reported strong financial results for the first quarter of 2026, with total sales rising 14% year over year to $2.0 billion and adjusted EBITDA climbing 15% to $412 million. Adjusted net income increased 26% to $139 million an...
ICL Secures S&P Reaffirmation of BBB- Rating with Stable Outlook
May 11, 2026
On May 11, 2026, ICL reported that SP reaffirmed its long-term issuer rating at BBB- with a stable outlook, while also maintaining the company’s Israeli local rating at ilAA with a stable outlook. The filing noted that this Form 6-K is incor...
ICL Group Secures Fitch Reaffirmation of BBB- Rating With Stable Outlook
Apr 30, 2026
On April 30, 2026, ICL Group Ltd. reported that Fitch Ratings reaffirmed the company’s long-term issuer default rating at BBB- with a Stable Outlook. The confirmation of the investment-grade rating supports ICL’s standing in global cre...
ICL Group Updates Investors With New Company Overview and Risk Disclosure
Mar 11, 2026
On March 11, 2026, ICL Group Ltd. filed a Form 6-K for March 2026, notifying investors that it has released a new Company Overview presentation and related business information. The filing clarifies that the materials are furnished, not filed, and...
ICL Group Names SolarEdge Executive Asaf Alperovitz as New CFO Amid Planned Retirement
Mar 10, 2026
On March 10, 2026, ICL Group Ltd. reported a planned chief financial officer transition, announcing that long-serving CFO Aviram Lahav will conclude his tenure and retire on June 15, 2026. The company’s board approved the appointment of expe...
ICL Details March 2026 $60 Million Dividend Terms and Tax Treatment
Mar 9, 2026
ICL Group Ltd. reported a supplemental update on March 9, 2026, specifying the details of a previously announced approximately $60 million dividend distribution from earnings. The company set the dividend at $0.04650 per share for payments in U.S....
ICL Posts Higher 2025 Sales, Takes Strategic Charges as It Refocuses on Specialty Growth
Feb 18, 2026
On February 18, 2026, ICL reported that fourth-quarter 2025 sales rose 6% year on year to $1.7 billion, with adjusted EBITDA up 10% to $380 million, even as reported operating income swung to a loss due to $239 million in unusual charges tied to s...
ICL Group Declares $60 Million Cash Dividend for March 2026 Payout
Feb 18, 2026
On February 17, 2026, ICL Group Ltd.’s board of directors approved a cash dividend of $0.04650 per share, totaling about $60 million, with some shareholders to receive payment in New Israeli Shekels based on the Bank of Israel’s repres...
ICL Group Files Q4 2025 Update, Sharpens Focus on Potash, Phosphate and Portfolio Optimization
Feb 18, 2026
On February 18, 2026, ICL Group filed a Form 6-K with the U.S. SEC, furnishing its fourth-quarter 2025 investor presentation and incorporating this report by reference into its existing Form S-8 registration statement and its Israeli shelf prospec...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.