ICL Group Ltd (ICL) 10-Year Financial Performance & Capital Metrics

ICL • • Industrial / General

Basic MaterialsAgricultural InputsFertilizer ProductionIntegrated Fertilizer Companies

AboutICL Group Ltd, together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Innovative Ag Solutions (IAS). The Industrial Products segment produces bromine out of a solution that is a by-product of the potash production process, as well as bromine-based compounds; produces various grades of potash, salt, magnesium chloride, and magnesia products; and produces and markets phosphorous-based flame retardants and other phosphorus-based products. The Potash segment extracts potash from the Dead Sea; mines and produces potash and salt; produces Polysulphate; produces, markets, and sells magnesium and magnesium alloys, as well as related by-products, including chlorine and sylvinite; and sells salt. The Phosphate Solutions segment uses phosphate commodity products to produce specialty products; produces and markets phosphate-based fertilizers, as well as sulphuric acid, green phosphoric acid, and phosphate fertilizers; and manufactures thermal phosphoric acid for various industrial end markets, such as oral care, cleaning products, paints and coatings, water treatment, asphalt modification, construction, and metal treatment. It also develops and produces functional food ingredients and phosphate additives for use in the processed meat, poultry, seafood, dairy, beverage, and baked goods markets; and produces milk and whey proteins for the food ingredients industry. The IAS segment develops, manufactures, markets, and sells fertilizers based primarily on nitrogen, potash, and phosphate, including water soluble specialty, liquid, soluble, and controlled-release fertilizers. It sells its products through marketing companies, agents, and distributors. The company was formerly known as Israel Chemicals Ltd. and changed its name to ICL Group Ltd in May 2020. The company was founded in 1968 and is headquartered in Tel Aviv, Israel.Show more

Revenue $6.84B -9.2%
EBITDA $1.37B -18.2%
Net Income $407M -37.1%
EPS (Diluted) 0.32 -36.0%
Gross Margin 32.98% -7.0%
EBITDA Margin 20.04% -9.9%
Operating Margin 11.33% -25.2%
Net Margin 5.95% -30.7%
ROE 6.77% -38.5%
ROIC 7.15% -31.4%
Debt/Equity 0.38 -14.0%
Interest Coverage 5.13 -28.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Good 3Y average ROE of 19.7%
✓Healthy dividend yield of 3.5%
✓Trading at only 1.2x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y1.14%

5Y5.35%

3Y-0.55%

TTM1.77%

Profit (Net Income) CAGR

10Y-1.29%

5Y-3.04%

3Y-19.6%

TTM-8.66%

EPS CAGR

10Y-1.44%

5Y-3.38%

3Y-20.21%

TTM-8.29%

ROCE

10Y Avg13.39%

5Y Avg15.8%

3Y Avg20.38%

Latest8.62%

Peer Comparison

Integrated Fertilizer Companies

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MOSThe Mosaic Company	8.75B	27.58	50.15	-18.79%	10.33%	9.5%	0.54%	0.38
ICLICL Group Ltd	7.14B	5.53	17.28	-9.22%	5.23%	5.78%	9.11%	0.38

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	5.41B	5.36B	5.42B	5.56B	5.27B	5.04B	6.96B	10.02B	7.54B	6.84B
Revenue Growth %	-0.12%	-0.01%	0.01%	0.03%	-0.05%	-0.04%	0.38%	0.44%	-0.25%	-0.09%
Cost of Goods Sold+	3.6B	3.7B	3.75B	3.7B	3.45B	3.55B	4.34B	4.98B	4.87B	4.58B
COGS % of Revenue	0.67%	0.69%	0.69%	0.67%	0.66%	0.7%	0.62%	0.5%	0.65%	0.67%
Gross Profit+	1.8B	1.66B	1.67B	1.85B	1.82B	1.49B	2.61B	5.03B	2.67B	2.26B
Gross Margin %	0.33%	0.31%	0.31%	0.33%	0.34%	0.3%	0.38%	0.5%	0.35%	0.33%
Gross Profit Growth %	-0.18%	-0.08%	0.01%	0.11%	-0.02%	-0.18%	0.75%	0.93%	-0.47%	-0.16%
Operating Expenses+	1.04B	1.66B	1.04B	335M	1.06B	1.29B	1.4B	1.52B	1.53B	1.48B
OpEx % of Revenue	0.19%	0.31%	0.19%	0.06%	0.2%	0.26%	0.2%	0.15%	0.2%	0.22%
Selling, General & Admin	1B	1.04B	1.01B	1.05B	1.02B	1.06B	1.34B	1.47B	1.35B	1.37B
SG&A % of Revenue	0.19%	0.19%	0.19%	0.19%	0.19%	0.21%	0.19%	0.15%	0.18%	0.2%
Research & Development	74M	73M	55M	55M	50M	54M	64M	68M	71M	69M
R&D % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Other Operating Expenses	66M	63M	13M	47M	-10M	169M	-6M	-24M	106M	41M
Operating Income+	765M	-3M	629M	1.52B	756M	202M	1.21B	3.52B	1.14B	775M
Operating Margin %	0.14%	-0%	0.12%	0.27%	0.14%	0.04%	0.17%	0.35%	0.15%	0.11%
Operating Income Growth %	0.01%	-1%	210.67%	1.41%	-0.5%	-0.73%	4.99%	1.91%	-0.68%	-0.32%
EBITDA+	1.2B	401.96M	1.03B	1.91B	1.22B	691M	1.73B	4B	1.68B	1.37B
EBITDA Margin %	0.22%	0.07%	0.19%	0.34%	0.23%	0.14%	0.25%	0.4%	0.22%	0.2%
EBITDA Growth %	0.01%	-0.66%	1.57%	0.85%	-0.36%	-0.43%	1.51%	1.31%	-0.58%	-0.18%
D&A (Non-Cash Add-back)	430M	404.96M	404.08M	387.74M	464.2M	489M	523.92M	481.22M	536M	596M
EBIT	748M	12M	602M	1.58B	734M	145M	1.2B	3.54B	1.13B	782M
Net Interest Income+	-84M	-91M	-96M	-158M	-101M	-93M	-91M	-107M	-126M	-111M
Interest Income	1M	0	0	56M	8M	7M	17M	31M	34M	40M
Interest Expense	85M	91M	96M	95M	109M	100M	108M	138M	160M	151M
Other Income/Expense	-97M	-114M	-124M	-155M	-128M	-153M	-122M	-112M	-167M	-139M
Pretax Income+	668M	-117M	505M	1.36B	628M	49M	1.09B	3.4B	974M	636M
Pretax Margin %	0.12%	-0.02%	0.09%	0.25%	0.12%	0.01%	0.16%	0.34%	0.13%	0.09%
Income Tax+	162M	55M	158M	129M	147M	25M	260M	1.19B	287M	172M
Effective Tax Rate %	0.76%	1.04%	0.72%	0.91%	0.76%	0.22%	0.72%	0.63%	0.66%	0.64%
Net Income+	509M	-122M	364M	1.24B	475M	11M	783M	2.16B	647M	407M
Net Margin %	0.09%	-0.02%	0.07%	0.22%	0.09%	0%	0.11%	0.22%	0.09%	0.06%
Net Income Growth %	0.1%	-1.24%	3.98%	2.41%	-0.62%	-0.98%	70.18%	1.76%	-0.7%	-0.37%
Net Income (Continuing)	495M	-172M	347M	1.23B	481M	24M	828M	2.22B	687M	464M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	160M	85M	71M	134M	136M	158M	209M	249M	269M	263M
EPS (Diluted)+	0.40	-0.10	0.29	0.97	0.38	0.02	0.63	1.60	0.50	0.32
EPS Growth %	0.08%	-1.24%	4.03%	2.34%	-0.61%	-0.95%	32.69%	1.54%	-0.69%	-0.36%
EPS (Basic)	0.40	-0.10	0.29	0.97	0.38	0.02	0.63	1.60	0.50	0.32
Diluted Shares Outstanding	1.27B	1.27B	1.28B	1.28B	1.28B	1.28B	1.29B	1.29B	1.29B	1.29B
Basic Shares Outstanding	1.27B	1.27B	1.28B	1.28B	1.28B	1.28B	1.28B	1.29B	1.29B	1.29B
Dividend Payout Ratio	0.68%	-	0.65%	0.19%	0.57%	10.73%	0.35%	0.54%	0.73%	0.62%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.98B	2.57B	2.73B	2.76B	2.68B	2.84B	3.91B	4.55B	4.03B	3.59B
Cash & Short-Term Investments	248M	116M	173M	213M	191M	314M	564M	508M	592M	442M
Cash Only	161M	87M	83M	121M	95M	214M	473M	417M	420M	327M
Short-Term Investments	87M	29M	90M	92M	96M	100M	91M	91M	172M	115M
Accounts Receivable	1.29B	1.15B	1.11B	1.23B	1.13B	1.23B	1.68B	1.83B	1.62B	1.46B
Days Sales Outstanding	86.84	78.13	75.05	81	78.25	88.81	87.96	66.55	78.32	77.95
Inventory	1.36B	1.27B	1.23B	1.29B	1.31B	1.25B	1.57B	2.13B	1.7B	1.63B
Days Inventory Outstanding	138.22	124.89	119.46	127.19	138.65	128.41	131.92	156.31	127.77	129.44
Other Current Assets	99M	0	169M	0	0	0	48M	10M	87M	16M
Total Non-Current Assets+	6.09B	5.98B	5.99B	5.99B	6.49B	6.82B	7.17B	7.2B	7.59B	7.74B
Property, Plant & Equipment	4.35B	4.33B	4.54B	4.66B	5.33B	5.55B	5.75B	5.97B	6.33B	6.46B
Fixed Asset Turnover	1.24x	1.24x	1.19x	1.19x	0.99x	0.91x	1.21x	1.68x	1.19x	1.06x
Goodwill	349M	377M	326M	309M	302M	320M	502M	507M	530M	543M
Intangible Assets	700M	421M	488M	450M	332M	350M	365M	345M	343M	326M
Long-Term Investments	159M	406M	241M	175M	197M	83M	26M	3M	2M	3M
Other Non-Current Assets	337M	292M	267M	255M	218M	393M	377M	228M	237M	258M
Total Assets+	9.08B	8.55B	8.71B	8.75B	9.17B	9.66B	11.08B	11.75B	11.63B	11.32B
Asset Turnover	0.60x	0.63x	0.62x	0.64x	0.57x	0.52x	0.63x	0.85x	0.65x	0.60x
Asset Growth %	0.09%	-0.06%	0.02%	0%	0.05%	0.05%	0.15%	0.06%	-0.01%	-0.03%
Total Current Liabilities+	2.05B	2.02B	2.33B	1.98B	1.76B	2.18B	2.61B	2.61B	2.64B	2.33B
Accounts Payable	716M	644M	790M	715M	712M	740M	1.06B	1.01B	912M	1B
Days Payables Outstanding	72.55	63.48	76.98	70.5	75.24	76.02	89.4	73.69	68.42	79.77
Short-Term Debt	673M	588M	822M	610M	420M	615M	514M	444M	786M	306M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	0	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	346M	524M	428M	288M	257M	503M	577M	604M	379M	513M
Current Ratio	1.46x	1.27x	1.17x	1.39x	1.52x	1.31x	1.50x	1.75x	1.53x	1.54x
Quick Ratio	0.79x	0.64x	0.64x	0.74x	0.78x	0.73x	0.90x	0.93x	0.88x	0.84x
Cash Conversion Cycle	152.51	139.54	117.53	137.69	141.65	141.2	130.47	149.17	137.66	127.63
Total Non-Current Liabilities+	3.84B	3.87B	3.46B	2.85B	3.35B	3.4B	3.73B	3.43B	2.95B	3.01B
Long-Term Debt	2.81B	2.8B	2.39B	1.81B	1.93B	1.79B	2.2B	2.11B	1.63B	1.72B
Capital Lease Obligations	-547M	0	-833M	-730M	251M	261M	236M	202M	204M	186M
Deferred Tax Liabilities	351M	303M	228M	297M	341M	326M	384M	423M	489M	481M
Other Non-Current Liabilities	140M	771M	7M	10M	829M	1.02B	912M	696M	634M	616M
Total Liabilities	5.89B	5.89B	5.78B	4.83B	5.11B	5.58B	6.34B	6.04B	5.59B	5.33B
Total Debt+	3.48B	3.38B	3.21B	2.42B	2.6B	2.73B	3.01B	2.82B	2.69B	2.29B
Net Debt	3.32B	3.3B	3.13B	2.3B	2.51B	2.52B	2.54B	2.41B	2.27B	1.97B
Debt / Equity	1.09x	1.27x	1.10x	0.62x	0.64x	0.67x	0.64x	0.49x	0.45x	0.38x
Debt / EBITDA	2.91x	8.42x	3.11x	1.27x	2.13x	3.95x	1.74x	0.71x	1.60x	1.67x
Net Debt / EBITDA	2.78x	8.20x	3.03x	1.21x	2.05x	3.64x	1.46x	0.60x	1.35x	1.43x
Interest Coverage	9.00x	-0.03x	6.55x	15.99x	6.94x	2.02x	11.20x	25.48x	7.13x	5.13x
Total Equity+	3.19B	2.66B	2.93B	3.92B	4.06B	4.09B	4.74B	5.71B	6.04B	5.99B
Equity Growth %	0.06%	-0.17%	0.1%	0.34%	0.04%	0.01%	0.16%	0.21%	0.06%	-0.01%
Book Value per Share	2.51	2.09	2.29	3.06	3.17	3.19	3.68	4.43	4.68	4.64
Total Shareholders' Equity	3.03B	2.57B	2.86B	3.78B	3.92B	3.93B	4.53B	5.46B	5.77B	5.72B
Common Stock	544M	544M	545M	546M	546M	546M	548M	549M	549M	549M
Retained Earnings	2.9B	2.52B	2.69B	3.74B	3.88B	3.75B	4.32B	5.38B	5.58B	5.76B
Treasury Stock	-260M	-260M	-260M	-260M	-260M	-260M	-260M	-260M	-260M	-260M
Accumulated OCI	-307M	-402M	-303M	-441M	-439M	-312M	-306M	-443M	-338M	-567M
Minority Interest	160M	85M	71M	134M	136M	158M	209M	249M	269M	263M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	573M	966M	847M	620M	992M	804M	1.06B	2.13B	1.59B	1.36B
Operating CF Margin %	0.11%	0.18%	0.16%	0.11%	0.19%	0.16%	0.15%	0.21%	0.21%	0.2%
Operating CF Growth %	-0.36%	0.69%	-0.12%	-0.27%	0.6%	-0.19%	0.32%	1%	-0.25%	-0.15%
Net Income	506M	-172M	347M	1.24B	481M	24M	832M	2.22B	647M	407M
Depreciation & Amortization	430M	406M	418M	403M	443M	489M	490M	498M	581M	620M
Stock-Based Compensation	15M	15M	16M	19M	12M	0	0	0	0	0
Deferred Taxes	162M	-2M	-46M	76M	67M	25M	260M	1.19B	47M	-20M
Other Non-Cash Items	-283M	491M	83M	-792M	130M	158M	-214M	-1.05B	-112M	151M
Working Capital Changes	-257M	228M	29M	-321M	-141M	108M	-303M	-723M	432M	205M
Change in Receivables	-85.87M	149.61M	21.76M	-100.06M	199M	-84M	-417M	-261M	278M	65M
Change in Inventory	25M	70M	57M	-115M	-72M	54M	-267M	-527M	465M	-7M
Change in Payables	-105.84M	-89.77M	-46.62M	-34.64M	-58M	84M	274M	-42M	-101M	104M
Cash from Investing+	-547M	-800M	-333M	331M	-525M	-583M	-579M	-747M	-863M	-711M
Capital Expenditures	-619M	-632M	-457M	-572M	-576M	-626M	-611M	-747M	-780M	-713M
CapEx % of Revenue	0.11%	0.12%	0.08%	0.1%	0.11%	0.12%	0.09%	0.07%	0.1%	0.1%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	59M	1M	15M	4M	53M	36M	397M	18M	1M	1M
Cash from Financing+	15M	-239M	-511M	-894M	-490M	-105M	-244M	-1.42B	-712M	-724M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-348M	-162M	-237M	-241M	-281.62M	-118M	-276M	-1.17B	-489M	-308M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-1M	-4M	0	-1M	-2M	23M	-20M	-93M	5M	-2M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-46M	334M	390M	48M	416M	178M	454M	1.38B	815M	650M
FCF Margin %	-0.01%	0.06%	0.07%	0.01%	0.08%	0.04%	0.07%	0.14%	0.11%	0.1%
FCF Growth %	-1.77%	8.26%	0.17%	-0.88%	7.67%	-0.57%	1.55%	2.05%	-0.41%	-0.2%
FCF per Share	-0.04	0.26	0.31	0.04	0.32	0.14	0.35	1.07	0.63	0.50
FCF Conversion (FCF/Net Income)	1.13x	-7.92x	2.33x	0.50x	2.09x	73.09x	1.36x	0.99x	2.47x	3.35x
Interest Paid	0	112M	111M	103M	115M	0	0	0	0	0
Taxes Paid	0	84M	127M	56M	120M	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	16.45%	-4.17%	13.03%	36.23%	11.91%	0.27%	17.75%	41.32%	11.01%	6.77%
Return on Invested Capital (ROIC)	9.34%	-0.04%	7.85%	18.56%	8.87%	2.3%	13.07%	34.26%	10.42%	7.15%
Gross Margin	33.36%	30.95%	30.86%	33.37%	34.47%	29.55%	37.54%	50.24%	35.44%	32.98%
Net Margin	9.42%	-2.27%	6.72%	22.32%	9.01%	0.22%	11.26%	21.56%	8.59%	5.95%
Debt / Equity	1.09x	1.27x	1.10x	0.62x	0.64x	0.67x	0.64x	0.49x	0.45x	0.38x
Interest Coverage	9.00x	-0.03x	6.55x	15.99x	6.94x	2.02x	11.20x	25.48x	7.13x	5.13x
FCF Conversion	1.13x	-7.92x	2.33x	0.50x	2.09x	73.09x	1.36x	0.99x	2.47x	3.35x
Revenue Growth	-11.55%	-0.78%	1.03%	2.55%	-5.13%	-4.33%	37.91%	44%	-24.75%	-9.22%

Frequently Asked Questions

Valuation & Price

ICL Group Ltd (ICL) has a price-to-earnings (P/E) ratio of 17.3x. This is roughly in line with market averages.

Growth & Financials

ICL Group Ltd (ICL) reported $7.05B in revenue for fiscal year 2024. This represents a 0% decrease from $7.07B in 2011.

ICL Group Ltd (ICL) saw revenue decline by 9.2% over the past year.

Yes, ICL Group Ltd (ICL) is profitable, generating $369.0M in net income for fiscal year 2024 (5.9% net margin).

Dividend & Returns

Yes, ICL Group Ltd (ICL) pays a dividend with a yield of 3.52%. This makes it attractive for income-focused investors.

ICL Group Ltd (ICL) has a return on equity (ROE) of 6.8%. This is below average, suggesting room for improvement.

ICL Group Ltd (ICL) generated $316.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

...