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ICL Group (ICL)
NYSE:ICL
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Icl
(NYSE:ICL)
76Outperform
Positive Factors
Commodity Performance
Phosphate is performing particularly well, helping ICL cope effectively with a volatile commodity setup.
Financial Performance
ICL raised the 2024 'specialties' umbrella EBITDA guidance range by approximately $100M to between $800M and $1B.
Negative Factors
Construction and Development
ICL is delaying the construction schedule for the St. Louis LFP cathode materials plant to better align start-up with Western world customer needs.
Icl (ICL) vs. S&P 500 (SPY)
Market Cap
$8.83B
Dividend Yield2.74%
Average Volume (3M)839.37K
Price to Earnings (P/E)21.6
Beta (1Y)0.92
Revenue Growth-8.59%
EPS Growth-37.13%
CountryUS
Employees12,349
SectorBasic Materials
Sector Strength63
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)0.08
Shares Outstanding1,290,463,000
10 Day Avg. Volume698,530
30 Day Avg. Volume839,371
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap0.96
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit3.76
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$5.93Price Target Upside-14.18% Downside
Rating ConsensusHold
Number of Analyst Covering3
Icl Business Overview & Revenue Model
Company DescriptionICL Group Ltd. (ICL) is a multinational company that specializes in the manufacturing and marketing of fertilizers, metals, and other chemical products. The company operates in various sectors, including agriculture, food, and engineered materials. ICL's core products include potash, phosphate fertilizers, specialty fertilizers, and industrial products, which are used in diverse applications such as agriculture, food production, and industrial processes.
How the Company Makes MoneyICL makes money primarily through the sale of its wide range of chemical and mineral products. The company's revenue streams include the production and distribution of potash and phosphate fertilizers, which are critical for agricultural applications. ICL also generates income from specialty fertilizers that cater to specific agricultural needs, enhancing crop yield and quality. Additionally, the company produces and sells industrial products and specialty chemicals used in various industries, including flame retardants, water treatment solutions, and food additives. Significant partnerships with agricultural businesses and industrial clients help expand its market reach, contributing to its earnings. Furthermore, ICL benefits from vertically integrated operations that ensure a steady supply of raw materials and cost efficiencies, bolstering its financial performance.
Icl Financial Statement Overview
Summary
ICL shows financial stability with a solid balance sheet and strong cash flow generation. However, declining revenue and profit margins indicate potential operational challenges. The company must address profitability and growth concerns to maintain competitiveness.Income Statement
ICL's revenue has shown some fluctuation over the past years, with a notable drop from 2022 to 2023. The gross profit margin in 2024 was approximately 32.96%, indicating the company's ability to maintain a healthy margin, though it decreased from previous years indicating cost pressures. The net profit margin in 2024 was 5.95%, reflecting a decline from higher margins in past years, suggesting profitability challenges. The EBIT and EBITDA margins also show a similar declining trend, which could indicate operational inefficiencies or increased costs.―
Balance Sheet
ICL maintains a relatively stable balance sheet, with an equity ratio of 50.56% in 2024, suggesting a balanced approach to financing. The debt-to-equity ratio was approximately 0.40, which is manageable and indicates prudent financial leverage. Return on equity (ROE) has decreased over time, suggesting reduced efficiency in generating profits from shareholders' equity, which could be a concern if the trend continues.70
Cash Flow
ICL's operating cash flow remains strong, with a slight decrease from 2023 to 2024, indicating consistent cash generation capabilities. Free cash flow to net income ratio reflects the company's ability to convert earnings into cash effectively. However, the free cash flow growth rate has been negative, indicating reduced cash availability for reinvestment or debt reduction.―
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 6.84B | 7.54B | 10.02B | 6.96B | 5.04B | Gross Profit |
| 2.26B | 2.67B | 5.03B | 2.61B | 1.49B | EBIT |
| 775.00M | 1.14B | 3.52B | 1.21B | 202.00M | EBITDA |
| 1.37B | 1.67B | 4.04B | 1.66B | 821.00M | Net Income Common Stockholders |
| 407.00M | 647.00M | 2.16B | 783.00M | 24.00M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 442.00M | 592.00M | 508.00M | 564.00M | 314.00M | Total Assets |
| 11.32B | 11.63B | 11.75B | 11.08B | 9.66B | Total Debt |
| 2.29B | 2.69B | 2.82B | 3.01B | 2.78B | Net Debt |
| 1.97B | 2.27B | 2.41B | 2.54B | 2.56B | Total Liabilities |
| 5.33B | 5.59B | 6.04B | 6.34B | 5.58B | Stockholders Equity |
| 5.72B | 5.77B | 5.46B | 4.53B | 3.93B |
| Cash Flow | Free Cash Flow | |||
| 755.00M | 815.00M | 1.28B | 454.00M | 178.00M | Operating Cash Flow |
| 1.47B | 1.59B | 2.02B | 1.06B | 804.00M | Investing Cash Flow |
| -694.00M | -863.00M | -754.00M | -579.00M | -583.00M | Financing Cash Flow |
| -846.00M | -712.00M | -1.30B | -244.00M | -105.00M |
Icl Technical Analysis
Positive
6.91
Price Trends
6.19
Positive
5.88
Positive
5.04
Positive
Market Momentum
0.22
Negative
72.31
Negative
87.23
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ICL, the sentiment is Positive. The current price of 6.91 is above the 20-day moving average (MA) of 6.61, above the 50-day MA of 6.19, and above the 200-day MA of 5.04, indicating a bullish trend. The MACD of 0.22 indicates Negative momentum. The RSI at 72.31 is Negative, neither overbought nor oversold. The STOCH value of 87.23 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
Overall Rating
UnderperformOutperform
Sector (49)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $13.65B | 12.01 | 26.14% | 2.43% | 0.66% | 25.75% | |
76 Outperform | $8.83B | 21.58 | 7.08% | 2.74% | -8.59% | -37.13% | |
72 Outperform | $9.66B | 56.11 | 3.09% | 2.63% | -13.37% | -50.63% | |
64 Neutral | $508.71M | ― | -35.32% | ― | 0.63% | -369.50% | |
60 Neutral | $4.72B | 14.50 | 8.81% | 6.31% | 1.45% | -70.85% | |
50 Neutral | $3.15B | 113.09 | 4.98% | 4.77% | 0.75% | ― | |
49 Neutral | $1.95B | -1.21 | -21.28% | 3.72% | 1.18% | -30.47% |
* Basic Materials Sector Average
Performance Comparison
ICL
Icl
6.91
2.37
52.20%
CF
Cf Industries Holdings
82.41
9.98
13.78%
FMC
FMC
36.79
-26.99
-42.32%
IPI
Intrepid Potash
38.10
12.57
49.24%
MOS
Mosaic Co
32.67
4.14
14.51%
SMG
Scotts Miracle-Gro Company
53.99
-13.12
-19.55%
Icl Earnings Call Summary
Earnings Call Date:Feb 26, 2025
(Q4-2024)
| % Change Since: 7.80%|
Next Earnings Date:May 19, 2025
Earnings Call Sentiment Positive
The earnings call highlighted the strong performance of ICL's specialty-driven businesses, strategic growth in key segments, and effective management of challenges, such as potash pricing headwinds and operational disruptions in Israel. Despite some lowlights, the overall sentiment leans towards positive with strong financial metrics and strategic initiatives positioning the company well for future growth.Q4-2024 Updates
Positive Updates
Strong Specialty-Driven Business Performance
Specialty-driven businesses represented 70% of 2024 EBITDA and 73% of fourth-quarter EBITDA. Annual EBITDA for specialties segments increased by 8%.
Industrial Products Segment Growth
Industrial Products segment sales were $1.239 billion, with a significant fourth-quarter EBITDA increase of 25% due to cost efficiency improvements.
Growing Solutions Business Improvement
Growing Solutions business saw EBITDA increase by 70% year-over-year, with fourth-quarter EBITDA margin improving from 3% to 12%.
Record Potash Production in Spain
Suria site in Spain achieved record potash production of over 800,000 metric tons, despite challenges.
Continued Dividend Distribution
ICL delivered a total of $242 million in dividend distribution, maintaining an industry-leading dividend yield of 3.8%.
Strategic Partnerships and Innovations
ICL expanded strategic relationships and launched new innovative products, strengthening its market position.
Negative Updates
Potash Pricing Headwinds
Potash prices decreased 24% compared to the previous year, impacting overall revenue.
Challenges in Phosphate Solutions
Phosphate Solutions saw a slight year-over-year decrease in sales for the fourth quarter, with annual EBITDA also slightly decreasing.
Operational and Logistical Challenges in Israel
War-related disruptions affected production and logistics at Dead Sea operations, although mitigated to some extent.
Company Guidance
During the ICL Fourth Quarter 2024 Earnings Call, the company provided guidance for 2025, highlighting key financial metrics and strategic achievements. The CEO, Raviv Zoller, reported 2024 sales of $6.841 billion and adjusted EBITDA of $1.469 billion, with an EBITDA margin of 21%. Adjusted diluted earnings per share were $0.38. Despite a 24% decrease in potash prices, the specialties-driven business segments—Industrial Products, Phosphate Solutions, and Growing Solutions—contributed to an 8% annual EBITDA increase, representing 70% of total 2024 EBITDA. Free cash flow was $758 million, and a $242 million dividend was distributed, offering a 3.8% yield. For 2025, ICL expects specialties-driven EBITDA between $0.95 billion to $1.15 billion, with total potash sales volume projections of 4.5 to 4.7 million metric tons and an effective annual tax rate of approximately 30%. The company anticipates improvements in potash prices and highlighted strategic expansions in battery materials and sustainability-focused initiatives.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.