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And the company’s levered free cash flow has declined at 9.4% CAGR over the past three years.Īnalysts expect MOS’ EPS to rise 511.8% year-over-year in fiscal 2021, ended Dec. MOS’ revenue and EBIT have increased at CAGRs of 6.2% and 31.2%, respectively, over the past three years.
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The company had $25.64 million in cash and equivalents as of Sept. And its adjusted EPS came in at $0.30 versus a $0.78 loss per share in the prior-year period. IPI’s adjusted net income came in at $4.03 million, compared to a $10.15 million net loss in the year-ago period.
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Its operating income was $4.08 million versus a $7.75 million loss in the prior-year period. The company’s gross profit came in at $10.61 million for the quarter, compared to a $308,000 loss in the year-ago period. 30, 2021.įor its fiscal 2021 third quarter, ended Sept. The company had $842.80 million in cash and cash equivalents as of Sept. Its adjusted EPS increased 487% to $1.35. MOS’ net income was $371.90 million for the quarter, compared to a $6.2 million loss in the prior-year period. Its operating earnings were $701.60 million, up 612.3% from the prior-year period. The company’s gross profit came in at $864.50 million, representing a 143.5% rise from the prior-year period. MOS’ net sales for its fiscal 2021 third quarter, ended Sept. Because attractive grain prices and farmer economics support the global and domestic potash market, IPI should continue to witness great demand in its fiscal 2021 fourth quarter. On August 9, 2021, IPI announced an $80/ton increase in the Ag potash price at all locations and for all product grades, and a $50-$55/ton increase to the Trio price depending on grade. MOS is forecasting strong demand and sales in the coming months. In its November 2021 sales report, sales revenue from MOS’ Phosphates segment increased 49% year-over-year to $465 million, its sales revenue from its Potash segment increased 67.3% year-over-year to $271, and its sales revenue from its Mosaic Fertilizantes segment increased 102.1% year-over-year to $489 million. But which of these stocks is a better pick now? Let’s find out. IPI is a clear winner with 66.1% gains versus MOS’ 60.8% returns over the past year. So, both MOS and IPI should benefit.īut while MOS’ shares have gained 20.2% in price over the past nine months, IPI surged 64.2%. Investor interest in this space is evident in the iShares MSCI Global Agriculture Producers ETF’s ( VEGI ) 6.4% returns over the past six months versus the SPDR S&P 500 Trust ETF’s ( SPY ) 1.1% returns. Furthermore, technological advancements in seed science and sustainable agricultural practices brighten the industry’s long-term growth prospects. Given the strong global demand for food, companies engaged in the agricultural space should benefit. Most countries have stopped exporting crop nutrients to address their domestic supply-demand imbalance. Supply chain disruptions, labor shortages, and adverse weather have caused food prices to hit multi-year highs last month. The company sells potash primarily in the agricultural, industrial, and animal feed markets. In comparison, Denver, Colo.-based IPI produces and sells potash and langbeinite products internationally. It also provides nitrogen-based crop nutrients, animal feed ingredients, and other ancillary services. The company operates through Phosphates Potash and Mosaic Fertilizantes segments. MOS in Plymouth, Minn., produces and markets concentrated phosphate and potash crop nutrients. ( IPI ) are two prominent players in the agricultural inputs industry. The Mosaic Company ( MOS ) and Intrepid Potash, Inc.