Mosaic Stock: The Time To Invest Has Not Yet Come

Summary

  • The Mosaic Company revenue totaled $3604 mln (-8% y/y), missing our forecast of $3933 mln by 8%. The difference was driven by lower revenue in the potash fertilizer segment.
  • The company’s EBITDA totaled $777 mln (-46% y/y), compared with our forecast of $920 bln.
  • The Mosaic Company said in the presentation for investors that it expects the phosphate fertilizer market to recover as well as the potash market.
  • Mosaic’s selling prices should continue to fall: which will put pressure on margins in the future.

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