ICL Group Ltd (ICL) Financial Ratios
25 years of historical data (2001–2025) · Basic Materials · Agricultural Inputs
EV/EBITDA
↓
6.90
+14% vs avg
5yr avg: 6.07
30Y Low3.0·High21.2
P/FCF
↑
51.03
↑+135% vs avg
5yr avg: 21.74
30Y Low5.7·High154.1
P/B Ratio
↓
1.06
↓-30% vs avg
5yr avg: 1.52
30Y Low1.1·High9.5
ROE
↓
3.7%
↑-77% vs avg
5yr avg: 16.1%
30Y Low-5%·High93%
Debt/EBITDA
↑
2.09
↑+34% vs avg
5yr avg: 1.56
30Y Low0.6·High8.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ICL Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
ICL Group Ltd trades at 28.6x earnings, 85% above its 5-year average of 15.4x, sitting at the 89th percentile of its historical range. Compared to the Basic Materials sector median P/E of 23.6x, the stock trades at a premium of 21%. On a free-cash-flow basis, the stock trades at 51.0x P/FCF, 135% above the 5-year average of 21.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $6.6B | $7.4B | $6.4B | $6.5B | $9.4B | $12.4B | $6.5B | $6.1B | $7.2B | $5.2B | $5.2B |
| Enterprise Value | $9.1B | $9.8B | $8.3B | $8.7B | $11.8B | $15.0B | $9.0B | $8.6B | $9.5B | $8.3B | $8.5B |
| P/E Ratio → | 28.56 | 31.72 | 15.44 | 10.02 | 4.57 | 15.35 | 270.05 | 12.61 | 5.84 | 13.93 | — |
| P/S Ratio | 0.93 | 1.03 | 0.93 | 0.86 | 0.94 | 1.79 | 1.28 | 1.17 | 1.30 | 0.95 | 0.98 |
| P/B Ratio | 1.06 | 1.18 | 1.06 | 1.07 | 1.65 | 2.63 | 1.58 | 1.51 | 1.85 | 1.76 | 1.97 |
| P/FCF | 51.03 | 56.72 | 9.80 | 7.93 | 6.81 | 27.41 | 36.32 | 14.76 | 150.91 | 13.23 | 15.68 |
| P/OCF | 6.95 | 7.73 | 4.68 | 4.05 | 4.42 | 11.69 | 8.04 | 6.19 | 11.68 | 6.09 | 5.42 |
P/E links to full P/E history page with 30-year chart
ICL EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
ICL Group Ltd's enterprise value stands at 6.9x EBITDA, 14% above its 5-year average of 6.1x. The Basic Materials sector median is 11.0x, placing the stock at a 37% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.38 | 1.22 | 1.16 | 1.18 | 2.15 | 1.78 | 1.64 | 1.72 | 1.53 | 1.59 |
| EV / EBITDA | 6.90 | 7.46 | 6.08 | 5.21 | 2.96 | 8.64 | 13.00 | 7.09 | 5.01 | 8.02 | 21.23 |
| EV / EBIT | 12.94 | 14.00 | 10.66 | 7.70 | 3.34 | 12.49 | 61.95 | 11.78 | 6.05 | 13.76 | 711.09 |
| EV / FCF | — | 75.68 | 12.83 | 10.72 | 8.55 | 33.01 | 50.47 | 20.79 | 198.91 | 21.25 | 25.55 |
ICL Profitability
Margins and return-on-capital ratios measuring operating efficiency
ICL Group Ltd earns an operating margin of 9.8%, roughly in line with the Basic Materials sector average. Operating margins have compressed from 15.1% to 9.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 3.7% is modest. ROIC of 6.3% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.6% | 30.6% | 33.0% | 35.4% | 50.2% | 37.5% | 29.5% | 34.5% | 33.4% | 30.9% | 31.0% |
| Operating Margin | 9.8% | 9.8% | 11.3% | 15.1% | 35.1% | 17.4% | 4.0% | 14.3% | 27.3% | 11.6% | -0.1% |
| Net Profit Margin | 3.2% | 3.2% | 5.9% | 8.6% | 21.6% | 11.3% | 0.2% | 9.0% | 22.3% | 6.7% | -2.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.7% | 3.7% | 6.8% | 11.0% | 41.3% | 17.7% | 0.3% | 11.9% | 36.2% | 13.0% | -4.2% |
| ROA | 1.9% | 1.9% | 3.5% | 5.5% | 18.9% | 7.5% | 0.1% | 5.3% | 14.2% | 4.2% | -1.4% |
| ROIC | 6.3% | 6.3% | 7.2% | 10.4% | 34.3% | 13.1% | 2.3% | 8.9% | 18.6% | 7.9% | -0.0% |
| ROCE | 7.7% | 7.7% | 8.6% | 12.6% | 39.9% | 15.2% | 2.7% | 10.7% | 23.1% | 9.7% | -0.0% |
ICL Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
ICL Group Ltd carries a Debt/EBITDA ratio of 2.1x, which is manageable (14% below the sector average of 2.4x). Net debt stands at $2.5B ($2.8B total debt minus $291M cash). Interest coverage of just 2.4x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.44 | 0.44 | 0.38 | 0.45 | 0.49 | 0.64 | 0.67 | 0.64 | 0.62 | 1.10 | 1.27 |
| Debt / EBITDA | 2.09 | 2.09 | 1.67 | 1.60 | 0.71 | 1.74 | 3.95 | 2.13 | 1.27 | 3.11 | 8.42 |
| Net Debt / Equity | — | 0.39 | 0.33 | 0.38 | 0.42 | 0.54 | 0.62 | 0.62 | 0.59 | 1.07 | 1.24 |
| Net Debt / EBITDA | 1.87 | 1.87 | 1.43 | 1.35 | 0.60 | 1.46 | 3.64 | 2.05 | 1.21 | 3.03 | 8.20 |
| Debt / FCF | — | 18.96 | 3.02 | 2.78 | 1.74 | 5.59 | 14.15 | 6.02 | 48.00 | 8.02 | 9.87 |
| Interest Coverage | 2.36 | 2.36 | 5.18 | 7.09 | 25.67 | 11.11 | 1.45 | 6.73 | 16.61 | 6.27 | 0.13 |
ICL Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.33x means ICL Group Ltd can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.71x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 1.53x to 1.33x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.33 | 1.33 | 1.54 | 1.53 | 1.75 | 1.50 | 1.31 | 1.52 | 1.39 | 1.17 | 1.27 |
| Quick Ratio | 0.71 | 0.71 | 0.84 | 0.88 | 0.93 | 0.90 | 0.73 | 0.78 | 0.74 | 0.64 | 0.64 |
| Cash Ratio | 0.16 | 0.16 | 0.19 | 0.22 | 0.19 | 0.22 | 0.14 | 0.11 | 0.11 | 0.07 | 0.06 |
| Asset Turnover | — | 0.58 | 0.60 | 0.65 | 0.85 | 0.63 | 0.52 | 0.57 | 0.64 | 0.62 | 0.63 |
| Inventory Turnover | 2.57 | 2.57 | 2.82 | 2.86 | 2.34 | 2.77 | 2.84 | 2.63 | 2.87 | 3.06 | 2.92 |
| Days Sales Outstanding | — | 82.87 | 77.95 | 78.32 | 66.55 | 87.96 | 88.81 | 78.25 | 81.00 | 75.05 | 78.13 |
ICL Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
ICL Group Ltd returns 3.4% to shareholders annually primarily through dividends. The payout ratio of 99.1% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 3.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.4% | 3.0% | 3.9% | 7.3% | 12.4% | 2.2% | 1.8% | 4.4% | 3.3% | 4.6% | 3.1% |
| Payout Ratio | 99.1% | 99.1% | 61.7% | 73.3% | 54.0% | 35.2% | 1072.7% | 57.5% | 19.4% | 65.1% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.5% | 3.2% | 6.5% | 10.0% | 21.9% | 6.5% | 0.4% | 7.9% | 17.1% | 7.2% | — |
| FCF Yield | 2.0% | 1.8% | 10.2% | 12.6% | 14.7% | 3.6% | 2.8% | 6.8% | 0.7% | 7.6% | 6.4% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 3.4% | 3.0% | 3.9% | 7.3% | 12.4% | 2.2% | 1.8% | 4.4% | 3.3% | 4.6% | 3.1% |
| Shares Outstanding | — | $1.3B | $1.3B | $1.3B | $1.3B | $1.3B | $1.3B | $1.3B | $1.3B | $1.3B | $1.3B |
Peer Comparison
Compare ICL with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ICLYou | $7B | 28.6 | 6.9 | 51.0 | 30.6% | 9.8% | 3.7% | 6.3% | 2.1 |
 MOS | $7B | 13.5 | 5.5 | — | 15.1% | 8.7% | 4.5% | 4.8% | 2.4 |
 NTR | $30B | 13.3 | 6.7 | 14.8 | 31.0% | 14.5% | 9.3% | 8.0% | 2.0 |
 CF | $16B | 11.5 | 5.4 | 8.8 | 38.5% | 33.4% | 18.9% | 18.7% | 1.2 |
 SMG | $4B | 26.2 | 14.1 | 13.7 | 30.6% | 10.5% | — | 13.3% | 5.5 |
 IPI | $463M | 40.6 | 6.5 | 18.1 | 17.5% | 5.2% | 2.3% | 2.7% | 0.1 |
 AVD | $76M | -1.5 | 7.8 | — | 28.6% | 2.7% | -23.4% | 2.7% | 5.9 |
 FMC | $1B | -0.6 | — | — | 37.0% | -54.4% | -67.8% | -21.2% | — |
 ASX | $89B | 69.7 | 25.1 | — | 17.7% | 7.9% | 11.4% | 7.6% | 2.2 |
 DE | $159B | 31.9 | 20.2 | 49.2 | 36.5% | 18.8% | 20.5% | 7.8% | 6.0 |
 CTVA | $53B | 49.1 | 13.3 | 18.7 | 43.6% | 15.1% | 4.5% | 8.5% | 0.7 |
| Basic Materials Median | — | 23.6 | 11.0 | 29.0 | 30.9% | 10.3% | -0.0% | 4.6% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 25 years · Updated daily
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ICL — Frequently Asked Questions
Quick answers to the most common questions about buying ICL stock.
What is ICL Group Ltd's P/E ratio?
ICL Group Ltd's current P/E ratio is 28.6x. The historical average is 15.1x. This places it at the 89th percentile of its historical range.
What is ICL Group Ltd's EV/EBITDA?
ICL Group Ltd's current EV/EBITDA is 6.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.6x.
What is ICL Group Ltd's ROE?
ICL Group Ltd's return on equity (ROE) is 3.7%. The historical average is 22.7%.
Is ICL stock overvalued?
Based on historical data, ICL Group Ltd is trading at a P/E of 28.6x. This is at the 89th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is ICL Group Ltd's dividend yield?
ICL Group Ltd's current dividend yield is 3.37% with a payout ratio of 99.1%.
What are ICL Group Ltd's profit margins?
ICL Group Ltd has 30.6% gross margin and 9.8% operating margin.
How much debt does ICL Group Ltd have?
ICL Group Ltd's Debt/EBITDA ratio is 2.1x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.