Financials Compass Minerals International, Inc.

Equities

CMP

US20451N1019

Commodity Chemicals

Market Closed - Nyse Other stock markets 04:00:02 2024-04-26 pm EDT			5-day change	1st Jan Change
13.04 ^USD	+3.33%		-3.12%	-48.50%

Apr. 26	Loop Capital Upgrades Compass Minerals International to Buy, Price Target at $23	MT
Apr. 25	Deutsche Bank Adjusts Compass Minerals International Price Target to $15 From $25, Maintains Buy Rating	MT

Valuation

Fiscal Period: September	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	1,914	2,015	2,192	1,317	1,150	538.7	-	-
Enterprise Value (EV) ¹	3,295	3,395	3,109	2,218	1,917	1,316	1,279	1,238
P/E ratio	31.2 x	34.5 x	-10.2 x	-52.8 x	75.5 x	-21.9 x	23.6 x	12.8 x
Yield	5.1%	4.85%	3.35%	1.56%	2.15%	4.6%	4.6%	4.6%
Capitalization / Revenue	1.28 x	1.47 x	2.62 x	1.06 x	0.95 x	0.45 x	0.43 x	0.42 x
EV / Revenue	2.21 x	2.47 x	3.72 x	1.78 x	1.59 x	1.1 x	1.03 x	0.98 x
EV / EBITDA	10.7 x	12.1 x	17.7 x	11.9 x	9.55 x	6.93 x	6.03 x	5.14 x
EV / FCF	53.6 x	37.6 x	34.2 x	93.2 x	-39.7 x	-38.7 x	19.6 x	17.7 x
FCF Yield	1.87%	2.66%	2.92%	1.07%	-2.52%	-2.59%	5.09%	5.65%
Price to Book	3.61 x	5.21 x	-	5.12 x	-	1.16 x	1.08 x	0.98 x
Nbr of stocks (in thousands)	33,884	33,944	34,039	34,171	41,155	41,311	-	-
Reference price ²	56.49	59.35	64.40	38.53	27.95	13.04	13.04	13.04
Announcement Date	2/10/20	2/16/21	11/15/21	11/29/22	11/16/23	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,490	1,374	836.6	1,244	1,205	1,193	1,246	1,269
EBITDA ¹	307.3	279.8	175.4	187.1	200.8	189.8	212	240.7
EBIT ¹	163.6	140.5	79	65.3	84.3	74.4	87.55	119.6
Operating Margin	10.98%	10.23%	9.44%	5.25%	7%	6.23%	7.02%	9.43%
Earnings before Tax (EBT) ¹	84.6	71.2	35.1	-0.9	32.9	-17.66	43.99	74.64
Net income ¹	62.5	59.5	-213.3	-24.5	15.5	-32.54	30.45	47.59
Net margin	4.19%	4.33%	-25.5%	-1.97%	1.29%	-2.73%	2.44%	3.75%
EPS ²	1.810	1.720	-6.300	-0.7300	0.3700	-0.5967	0.5525	1.020
Free Cash Flow ¹	61.5	90.3	90.9	23.8	-48.3	-34.04	65.12	70
FCF margin	4.13%	6.57%	10.87%	1.91%	-4.01%	-2.85%	5.22%	5.52%
FCF Conversion (EBITDA)	20.01%	32.27%	51.82%	12.72%	-	-	30.72%	29.08%
FCF Conversion (Net income)	98.4%	151.76%	-	-	-	-	213.87%	147.09%
Dividend per Share ²	2.880	2.880	2.160	0.6000	0.6000	0.6000	0.6000	0.6000
Announcement Date	2/10/20	2/16/21	11/15/21	11/29/22	11/16/23	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	211.7	331.5	448.5	214.7	249.4	352.4	411.1	207.6	233.6	341.7	400.3	214.4	241.2	329.6	422.2
EBITDA ¹	32.7	58.4	64.8	28.9	35	61.8	77.4	28.6	33	59.4	64.19	30.27	36.24	51.76	72.68
EBIT ¹	2.1	26.8	34.1	-0.7	5.1	28.2	50.8	1.6	3.7	22	40.6	0.7	8.3	25.4	58
Operating Margin	0.99%	8.08%	7.6%	-0.33%	2.04%	8%	12.36%	0.77%	1.58%	6.44%	10.14%	0.33%	3.44%	7.71%	13.74%
Earnings before Tax (EBT) ¹	-8.1	6.7	1.4	-11.8	2.8	11.6	33.5	-2.8	-9.4	-73.3	20.84	-17.19	-7.883	12.85	33
Net income ¹	-56	2.4	-12.1	-7.9	-6.9	-0.3	-21.6	39.9	-2.5	-75.1	16.97	-9.9	-2.867	9.1	23.85
Net margin	-26.45%	0.72%	-2.7%	-3.68%	-2.77%	-0.09%	-5.25%	19.22%	-1.07%	-21.98%	4.24%	-4.62%	-1.19%	2.76%	5.65%
EPS ²	-1.650	0.0700	-0.3600	-0.2300	-0.2000	-0.0100	-0.5300	0.9600	-0.0600	-1.830	0.4133	-0.2375	-0.0700	0.2250	0.5800
Dividend per Share ²	0.7200	0.1500	0.1500	0.1500	0.1500	-	0.1500	0.1500	0.1500	-	0.1500	0.1500	0.1500	0.1500	0.1500
Announcement Date	11/15/21	2/8/22	5/5/22	8/4/22	11/29/22	2/7/23	5/9/23	8/8/23	11/16/23	2/7/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: September	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	1,381	1,380	917	902	767	778	740	699
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	4.495 x	4.934 x	5.23 x	4.818 x	3.818 x	4.097 x	3.491 x	2.905 x
Free Cash Flow ¹	61.5	90.3	90.9	23.8	-48.3	-34	65.1	70
ROE (net income / shareholders' equity)	11.7%	13%	-	-8.91%	5.33%	4.16%	7.27%	9.02%
ROA (Net income/ Total Assets)	2.6%	2.53%	-	-1.5%	1.19%	1.12%	1.85%	2.37%
Assets ¹	2,406	2,353	-	1,638	1,302	-2,897	1,649	2,012
Book Value Per Share ²	15.60	11.40	-	7.530	-	11.30	12.10	13.30
Cash Flow per Share ²	4.710	5.160	4.780	3.530	2.480	2.800	3.320	3.630
Capex ¹	98.1	84.9	71.8	96.7	149	123	91.2	88
Capex / Sales	6.58%	6.18%	8.58%	7.77%	12.4%	10.34%	7.32%	6.93%
Announcement Date	2/10/20	2/16/21	11/15/21	11/29/22	11/16/23	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Compass Minerals International, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

13.04 USD

Average target price

23.43 USD

Spread / Average Target

+79.67%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Commodity Chemicals

	1st Jan change	Capi.
COMPASS MINERALS INTERNATIONAL, INC.	-48.50%	539M
AIR LIQUIDE	+5.14%	103B
SAUDI BASIC INDUSTRIES CORPORATION	-5.63%	63.04B
PT CHANDRA ASRI PACIFIC TBK	+39.52%	39.06B
WANHUA CHEMICAL GROUP CO., LTD.	+12.91%	37.58B
LYONDELLBASELL INDUSTRIES N.V.	+7.41%	33.24B
WESTLAKE CORPORATION	+6.85%	19.22B
NINGXIA BAOFENG ENERGY GROUP CO., LTD.	+12.86%	16.83B
HENGLI PETROCHEMICAL CO.,LTD.	+16.93%	14.96B
RONGSHENG PETROCHEMICAL CO., LTD.	+7.73%	15.03B

Other Commodity Chemicals