Intrepid Potash (IPI) AI Stock Analysis

• Market Cap: $471.02M
• Dividend Yield: N/A
• Average Volume (3M): 222.08K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.03
• Revenue Growth: 0.63%
• EPS Growth: -369.50%
• Country: US
• Employees: 468
• Sector: Basic Materials
• Sector Strength: 68
• Industry: Agricultural Inputs
• EPS (TTM): 0.39
• Shares Outstanding: 13,316,799
• 10 Day Avg. Volume: 158,574
• 30 Day Avg. Volume: 222,078
• PEG Ratio: -0.64
• Price to Book (P/B): 0.99
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 76.79
• Enterprise Value/Market Cap: 0.95
• Enterprise Value/Revenue: 0.43
• Enterprise Value/Gross Profit: 11.60
• Enterprise Value/Ebitda: 27.61
• 1Y Price Target: $19.00
• Price Target Upside: -47.44% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 2

• Rating: 60 Neutral
• Price Target: $39.00 ▲(7.88%Upside)

Intrepid Potash's stock score is primarily driven by the strong recent financial performance improvements and technical momentum. However, concerns regarding long-term profitability, valuation issues, and potential production challenges slightly dampen the outlook.

Positive Factors

Financial Performance

Intrepid's 1Q25 gross profit of $14.6M was above consensus and MSe of $9.8M.

Operational Developments

The AMAX Cavern in the HB solution mine system is close to completing the permitting process, with the expectation that the test well will be drilled soon.

Production Growth

Trio gross margins reached their highest levels since 2022, as production grew 17% year-over-year.

Negative Factors

Cost Management

Increasing cost of goods per ton in Trio is projected for the second half of the year.

Earnings

1Q25 EPS is initiated at -$0.12 versus $0.11 consensus.

Price Forecasts

Updated MS fertilizer pricing forecasts for 2025 show a decrease in Midwest US potash price.

Intrepid Potash Business Overview & Revenue Model

Company Description

Intrepid Potash, Inc., together with its subsidiaries, engages in the extraction and production of the potash in the United States and internationally. It operates through three segments: Potash, Trio, and Oilfield Solutions. The Potash segment offers muriate of potash or potassium chloride for use as a fertilizer input in the agricultural market; as a component in drilling and fracturing fluids for oil and gas wells, as well as an input to other industrial processes in the industrial market; and as a nutrient supplement in the animal feed market. The Trio segment provides Trio, a specialty fertilizer that delivers potassium, sulfate, and magnesium in a single particle. The Oilfield Solutions segment sells water for use in the oil and gas services industry; and offers potassium chloride real-time mixing services on location for hydraulic fracturing operations and trucking services. The company also offers salt for use in animal feeds, industrial applications, pool salts, and treatment of roads and walkways for ice melting or to manage road conditions; magnesium chloride for use in the deicing and dedusting of roads; brines for well development and completion activities in the oil and gas industry; and metal recovery salt, a combination of potash and salt to enhance the recovery of aluminum in the aluminum recycling processing facilities. Intrepid Potash, Inc. was founded in 2000 and is based in Denver, Colorado.

How the Company Makes Money

Intrepid Potash makes money primarily through the extraction and sale of potash and langbeinite. The company operates several mines in the United States, which allow it to produce and supply these essential nutrients to the agricultural industry. Revenue is generated through the direct sale of potash and Trio® to agricultural distributors and end-users, such as farmers, who rely on these fertilizers to enhance crop yields. Additionally, Intrepid Potash may engage in partnerships or contracts with other agricultural companies to expand its market reach. The company's financial performance is influenced by factors such as global demand for fertilizers, commodity prices, and agricultural market trends.

Intrepid Potash Financial Statement Overview

Summary

Intrepid Potash faces challenges with profitability and revenue growth, impacting its income statement. While the balance sheet remains stable with low debt levels, declining equity is concerning. Cash flow generation shows resilience, yet free cash flow volatility needs attention.

Income Statement

Intrepid Potash has shown inconsistent revenue growth with a recent decline in annual revenue. The TTM data indicates a slight recovery in revenue. The company has been facing challenges in profitability, evident from negative EBIT and net income, leading to negative net profit margins. Historical data shows fluctuations in gross profit margins, indicating instability.

Balance Sheet

The company's balance sheet is relatively stable with a low debt-to-equity ratio, indicating low leverage. The return on equity has been negative due to the losses incurred. The equity ratio is strong, suggesting a solid asset base supported by equity. However, declining stockholders' equity poses a risk.

Cash Flow

Intrepid Potash has maintained positive operating cash flow, although there has been a decline in free cash flow recently. The operating cash flow to net income ratio is favorable due to adjustments for non-cash charges, but the negative net income affects overall cash flow performance. Fluctuating free cash flow growth highlights the volatility in cash generation.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
273.17M	254.69M	279.08M	337.57M	270.33M	196.95M
	Gross Profit
38.60M	29.08M	43.34M	141.41M	55.76M	10.53M
	EBIT
-16.14M	-19.86M	-43.97M	95.44M	32.27M	-23.24M
	EBITDA
31.02M	21.78M	-2.52M	133.60M	80.25M	14.99M
	Net Income Common Stockholders
-205.11M	-212.84M	-35.67M	72.22M	249.83M	-27.15M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
60.14M	42.30M	7.04M	24.47M	36.45M	19.52M
	Total Assets
795.82M	594.52M	768.47M	794.20M	766.89M	550.19M
	Total Debt
1.96M	2.62M	8.54M	2.21M	1.88M	56.88M
	Net Debt
-58.18M	-38.69M	4.44M	-16.31M	-34.57M	37.36M
	Total Liabilities
102.55M	120.13M	84.05M	79.13M	103.49M	138.93M
	Stockholders Equity
693.27M	474.39M	684.43M	715.08M	663.40M	411.26M
Cash Flow		Free Cash Flow
6.38M	33.59M	-21.83M	20.13M	59.28M	14.70M
	Operating Cash Flow
41.88M	72.50M	43.23M	88.82M	79.07M	31.14M
	Investing Cash Flow
-28.62M	-29.53M	-59.55M	-79.18M	-14.82M	-15.16M
	Financing Cash Flow
-1.65M	-5.72M	1.89M	-27.70M	-47.28M	-17.04M

Intrepid Potash Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 36.15
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IPI, the sentiment is Positive. The current price of 36.15 is below the 20-day moving average (MA) of 36.90, above the 50-day MA of 33.86, and above the 200-day MA of 27.61, indicating a neutral trend. The MACD of 0.41 indicates Positive momentum. The RSI at 50.67 is Neutral, neither overbought nor oversold. The STOCH value of 43.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IPI.

Intrepid Potash Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CTVA	78 Outperform	$49.47B	44.16	4.66%	0.94%	>-0.01%	108.45%
UAN	74 Outperform	$867.66M	11.76	25.16%	10.78%	-7.27%	-9.30%
ICL	73 Outperform	$8.35B	21.46	6.70%	2.63%	-3.48%	-18.34%
FMC	72 Outperform	$5.41B	15.96	8.81%	5.58%	1.45%	-70.85%
MOS	69 Neutral	$10.97B	30.86	3.09%	2.46%	-13.37%	-50.63%
IPI	60 Neutral	$471.02M	―	-35.32%	―	0.63%	-369.50%
Sector *	51 Neutral	$2.04B	-1.23	-21.09%	3.96%	2.90%	-30.45%

Intrepid Potash Corporate Events

Intrepid Potash Stockholders Approve Key Governance Decisions

On May 29, 2025, Intrepid Potash, Inc. held its Annual Meeting of Stockholders virtually, with 83.82% of outstanding shares represented. During the meeting, stockholders approved the election of two Class II Directors, the ratification of KPMG LLP as the independent accounting firm for 2025, and an advisory vote on executive compensation, reflecting strong shareholder engagement and support for the company’s governance and strategic direction.

The most recent analyst rating on (IPI) stock is a Sell with a $18.00 price target. To see the full list of analyst forecasts on Intrepid Potash stock, see the IPI Stock Forecast page.