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Fundamentals snapshot
ICL Group Ltd
ICL · NYQ · Basic Materials · Agricultural Inputs
Current price
$4.71
52-week range
$4.63 - $6.97
Market cap
—
Balance sheet
Watch
4.65x Stretched
Net debt $2.63B. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
2 Risks
3 rewards · 2 risks
- Reward Revenue grew 4.6% last year.
- Reward Returns 5.6% on equity, ahead of 33% of its peers.
- Risk Stock trades 27.5% above its 5-year average P/E.
- Risk Operating margin compressed from 34.8% to 12.5% over 3 years.
What this company does
ICL Group Ltd
ICL Group is a specialty chemicals company that primarily extracts minerals like potash and phosphate from the earth. It makes money by turning these raw materials into essential products, with its biggest sellers being fertilizers that help farmers grow food and special chemicals used in everything from fire safety materials to food ingredients. Because these products are fundamental to farming and manufacturing, the company's success is often tied to global demand for food and industrial goods.
How the company got here
ICL's origins trace back to the 1920s with the mining of potash from the Dead Sea. Officially established as a state-owned company in Israel in 1968, it focused on utilizing the country's mineral resources in the Negev Desert. During the 1990s, the company was privatized and began a period of significant global expansion through acquisitions in Spain, the UK, the US, and China. This series of purchases broadened its expertise and product lines in specialty fertilizers, phosphates, and flame retardants, transforming it from a local mineral extractor into a major global specialty minerals and chemicals company.
What it actually does
ICL creates products from minerals like potash, bromine, and phosphate that are essential for three main areas: agriculture, food, and industrial manufacturing. For agriculture, they produce a variety of fertilizers that help farmers grow more food. In the food industry, their ingredients can improve the texture and shelf life of products like processed meats and plant-based proteins. For industrial uses, their materials are used in things like flame retardants to make electronics and furniture safer, and in solutions for water treatment and energy storage.
Industrial Products
This segment focuses on bromine and phosphorus-based products. It is the world's largest producer of bromine, a key ingredient in flame retardants which are chemicals that help prevent fires in everyday items like electronics, cars, and furniture. This division also makes specialty minerals from the Dead Sea used in industries ranging from oil and gas drilling to de-icing and pharmaceuticals. Industrial customers buy these products to make their own goods safer and more effective.
Potash
This part of the business extracts and sells potash, a mineral that is a critical ingredient in fertilizers. Farmers and fertilizer companies buy potash because it provides potassium, an essential nutrient that helps plants grow strong, resist disease, and tolerate drought. ICL gets its potash from the Dead Sea in Israel and from conventional underground mines in Spain, making it one of the world's largest potash producers. This segment also sells other minerals extracted during the process, like salt and magnesium.
Phosphate Solutions
This division takes raw phosphate rock and turns it into a wide range of specialty products. A major part of this business is creating ingredients for the food industry, such as phosphate additives that improve the texture and stability of processed foods like meats, dairy products, and baked goods. They also produce purified phosphoric acid for industrial uses, like in metal treatment and cleaning agents, and create phosphate-based fertilizers. This segment represents a significant portion of the company's move into higher-value, specialized products.
Growing Solutions
This segment develops and sells advanced fertilizers and other products to help farmers, nurseries, and groundskeepers grow healthier plants. Instead of just basic commodities, this division focuses on specialty fertilizers like controlled-release products that feed plants over time, and water-soluble fertilizers for efficient irrigation. They also offer unique products like Polysulphate®, a natural fertilizer containing four key nutrients. Customers in specialty agriculture and professional horticulture buy these products to improve crop yields and quality.
What management is betting on now
The company is focused on growing its specialty businesses, particularly in advanced crop nutrition and food ingredients, to provide more unique and higher-value products. A key part of this strategy is expanding into high-growth markets and investing in innovative solutions for food security, such as alternative proteins and digital tools for farmers. Management is also heavily invested in sustainability, aiming to reduce its environmental impact by increasing the use of renewable energy and creating a circular economy (reusing and recycling materials) for its core minerals. This includes developing more environmentally friendly products, like biodegradable fertilizer coatings.
Price history
How the share price has moved
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Is it cheap or expensive?
Fair value — vs current price $4.71
We couldn't calculate a fair value right now.
Is it drowning in debt?
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Net debt $2.6B. Interest coverage 4.6x.
Net debt
$2.63B
Interest coverage
4.65x
ICL Group Ltd's profit covers its interest bill about 4.6 times over. which is stronger than most peers shown here.
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Worse cushion
Baseline
Better cushion
ICL
BASELINE
ICL Group Ltd
Total debt $3.30B Interest coverage 4.65x This is the baseline the peer rows are being compared against.
Total debt $6.08B Interest coverage 4.47x -4% vs ICL Has roughly the same debt cushion as ICL.
Total debt $12.73B Interest coverage 5.31x +14% vs ICL Has roughly the same debt cushion as ICL.
Total debt $3.61B Interest coverage 16.38x +252% vs ICL Carries about 3.5x more debt cushion than ICL.
Total debt $4.40B Interest coverage 1.39x -70% vs ICL Carries about 3.4x less debt cushion than ICL.
Total debt $5.31B Interest coverage 5.96x +28% vs ICL Carries about 1.3x more debt cushion than ICL.
What you should know
The case for and against ICL
3 Rewards
2 Risks
Rewards
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Revenue grew 4.6% last year.
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Returns 5.6% on equity, ahead of 33% of its peers.
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Free cash flow was positive in 4/10 years.
Risks
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Stock trades 27.5% above its 5-year average P/E.
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Operating margin compressed from 34.8% to 12.5% over 3 years.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
19.62x
Forward P/E
10.84x
P/B
0.99x
P/S
—
EV/EBITDA
6.54x
PEG ratio
—
Profitability
How much profit each dollar creates
Gross margin
30.6%
Operating margin
12.5%
Net margin
4.0%
ROE
5.6%
ROA
4.1%
Health
Liquidity and balance-sheet strength
Debt / equity
0.51x
Current ratio
1.58x
Quick ratio
0.81x
Total debt
$3.30B
Total cash
$662.00M
Growth
How the business has been compounding
Revenue TTM
$7.71B
Revenue 5Y CAGR
-10.6%
EPS TTM
0.24
EPS 5Y CAGR
-52.4%
Cash flow
How much cash the business throws off
Operating CF TTM
$1.06B
Free CF TTM
$232.00M
FCF margin
3.0%
Dividend
Shareholder payout
Yield
4.4%
Payout ratio
79.4%
Last ex-div date
2026-09-02