Intrepid Potash Inc.
We are a diversified mineral company that delivers potassium, magnesium, sulfur, salt, and water products essential for customer success in agriculture, animal feed and the oil and gas industry. We are the only U.S. producer of muriate of potash (sometimes referred to as potassium chloride or potash), which is applied as an essential nutrient for healthy crop development, utilized in several in…
$30.77
-$0.43 (-1.38%)
EOD Oct 22, 2026
Operating margin is thin at 3.57%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue up 17.1% YoY with margins expanding 11.4pp. However, free cash flow softened 24%, worth monitoring whether this is timing or structural.
Free cash flow declined 24% versus the prior year, cash generation momentum has weakened.
15.5x earnings, 13.9x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (FY)
$298M
▲ +17.1% YoY
Net Income (TTM)
$26M
▲ +105.3% YoY
Op. Margin
3.57%
▲ +11.4pp YoY
ROIC
2.44%
▲ +4.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$30M
▼ -24.4% YoY
Op. Cash Flow (TTM)
$62M
▼ -23.1% YoY
Net Debt
-$182M
Net Cash Position
Cash & Equiv.
$185M
5Y CAGR: +11.7%
Continue Research
SourceComputed from the 10-Q filed 31 Jul 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 12 Oct 2026. How this is calculated.
Price from market data, last close as of 22 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.
Is Intrepid Potash (IPI) overvalued?
At a P/E of 15.5 and a price-to-free-cash-flow of 13.9, Intrepid Potash (IPI) trades below a two-stage DCF intrinsic value of about $52.48 per share, so at $30.77 the stock looks undervalued (70.6% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Intrepid Potash scores 58/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Intrepid Potash's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $52.48 per share for IPI, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $39.36. At today's $30.77, that puts the stock about 70.6% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Intrepid Potash a high-quality business?+
Intrepid Potash scores 58 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 3.6% operating margin and a 2.4% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is Intrepid Potash a good stock to buy right now?+
That depends on valuation and quality together, not either alone. IPI currently trades below its estimated intrinsic value and scores 58/100 on quality (mixed). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.
Related stocks: Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Spot a number that looks wrong? Check it in IPI's SEC filings or
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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