The Mosaic Company has its results just around the corner and it would be interesting to evaluate its last financial performance. The company had delivered mixed results in the last quarter with below par earnings. Its 2022 revenues of $19 billion were largely a result of high prices. K3 has used up all 5.5 million tonnes of its initial capacity. In the quarter, Mosaic’s distribution market share increased in Brazil. Performance Products accounted for 43% of all phosphate sales volumes in North America, and the company has recently started to consider increasing the capacity of MicroEssentials. These initiatives are generating a lot of free cash flow, which has helped to improve their balance sheet and return a lot of capital to shareholders in 2022. Besides that, the company has expanded its MicroEssentials offering in phosphates by increasing capacity at its Riverview site. By the year’s end, the project is anticipated to be finished. Upon completion, sales of performance products with added value are anticipated to make up around 50% of its North American phosphate business. Given these significant outcomes, their team expects favorable dynamics to persist in 2023. We give the Mosaic Company a ‘Hold’ rating with a revised target price.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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