Intrepid Potash (IPI) AI Stock Analysis

• Market Cap: $486.20M
• Dividend Yield: N/A
• Average Volume (3M): 150.22K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.06
• Revenue Growth: 0.63%
• EPS Growth: -369.50%
• Country: US
• Employees: 468
• Sector: Basic Materials
• Sector Strength: 73
• Industry: Agricultural Inputs
• EPS (TTM): 0.39
• Shares Outstanding: 13,316,799
• 10 Day Avg. Volume: 141,347
• 30 Day Avg. Volume: 150,225
• PEG Ratio: -0.60
• Price to Book (P/B): 0.93
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 71.88
• Enterprise Value/Market Cap: 0.86
• Enterprise Value/Revenue: 0.40
• Enterprise Value/Gross Profit: 10.83
• Enterprise Value/Ebitda: 25.78
• 1Y Price Target: $24.00
• Price Target Upside: -34.26% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 2

• Rating: 50 Neutral
• Price Target: $34.00 ▼(-6.87%Downside)

Intrepid Potash's stock score is primarily impacted by its challenging financial performance and negative valuation metrics. While the earnings call provided some positive outlooks, the technical analysis indicates bearish momentum, and recent corporate events, though positive, are overshadowed by cautious analyst sentiment.

Positive Factors

Financial Performance

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

Gross Profit

2Q25 gross profit is revised from $7.2M to $12.2M, which is above the consensus.

Negative Factors

Earnings per Share

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

Gross Profit Forecast

2027 gross profit is revised downward from $26.8M to $21.3M, which is below the consensus.

Intrepid Potash Business Overview & Revenue Model

Company Description

Intrepid Potash, Inc. (IPI) is a leading producer of potassium-based fertilizers primarily serving the agricultural sector. The company, headquartered in Denver, Colorado, is one of the largest producers of potash in the United States. Intrepid's core products include potash, which is essential for plant growth, and langbeinite, marketed under the brand name Trio®, a specialty fertilizer with potassium, magnesium, and sulfur. Intrepid Potash is committed to supporting sustainable agriculture through its high-quality products and innovative solutions.

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. The balance sheet remains stable with low debt levels, but declining equity is concerning. Cash flow generation shows resilience, yet free cash flow volatility needs attention. Focus on improving profitability and maintaining financial stability is crucial for future growth.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	254.69M	279.08M	337.57M	270.33M	196.95M
Gross Profit	29.08M	43.34M	141.41M	55.76M	10.53M
EBITDA	21.78M	-2.52M	133.60M	80.25M	14.99M
Net Income	-212.84M	-35.67M	72.22M	249.83M	-27.15M
Balance Sheet
Total Assets	594.52M	768.47M	794.20M	766.89M	550.19M
Cash, Cash Equivalents and Short-Term Investments	42.30M	7.04M	24.47M	36.45M	19.52M
Total Debt	2.62M	8.54M	2.21M	1.88M	56.88M
Total Liabilities	120.13M	84.05M	79.13M	103.49M	138.93M
Stockholders Equity	474.39M	684.43M	715.08M	663.40M	411.26M
Cash Flow
Free Cash Flow	33.59M	-21.83M	20.13M	59.28M	14.70M
Operating Cash Flow	72.50M	43.23M	88.82M	79.07M	31.14M
Investing Cash Flow	-29.53M	-59.55M	-79.18M	-14.82M	-15.16M
Financing Cash Flow	-5.72M	1.89M	-27.70M	-47.28M	-17.04M

Intrepid Potash Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 36.51
• 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 36.51 is above the 20-day moving average (MA) of 35.26, above the 50-day MA of 36.21, and above the 200-day MA of 29.13, indicating a bullish trend. The MACD of -0.38 indicates Positive momentum. The RSI at 57.15 is Neutral, neither overbought nor oversold. The STOCH value of 47.75 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
UAN	79 Outperform	$936.47M	12.42	25.16%	8.01%	-7.27%	-9.30%
CTVA	73 Outperform	$50.41B	45.06	4.66%	0.93%	>-0.01%	108.45%
FMC	71 Outperform	$5.48B	16.85	8.81%	5.28%	1.45%	-70.85%
ICL	70 Neutral	$9.07B	23.32	6.70%	2.63%	-3.48%	-18.34%
MOS	69 Neutral	$11.79B	32.09	3.09%	2.88%	-13.37%	-50.63%
Sector *	63 Neutral	$10.60B	10.34	1.36%	2.89%	2.35%	-33.38%
IPI	50 Neutral	$486.20M	―	-35.32%	―	0.63%	-369.50%

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.