Added to YB: 2026-04-09
Pitch date: 2026-04-08
IFOS.V [bullish]
Itafos Inc.
-22.77%
current return
Author Info
Aurelion Research is a research analyst with a passion for markets, specializing in high‑conviction ideas across shipping, offshore drilling, and thematic equity research. Sign up for the newsletter.
Company Info
Itafos Inc., together with its subsidiaries, produces and sells phosphate and specialty fertilizers in the United States, Brazil, and Guinea-Bissau.
Market Cap
CAD 386.4M
Pitch Price
CAD 3.58
Price Target
5.90 (+119%)
Dividend
N/A
EV/EBITDA
3.23
P/E
4.71
EV/Sales
0.81
Sector
Chemicals
Category
value
6.2 IFOS: A Vertically Integrated Phosphate Pure Play
IFOS.V: Vertically integrated phosphate producer w/ own rock supply shields from raw material volatility. Utilizes 100%+ capacity vs Nutrien 80%/Mosaic 60s%, drives 32-42% EBITDA margins. 2026: 335-355kt P₂O₅ sales, elevated capex $86-116M depresses FCF to 3.4%, but positions for harvest phase. Project FCF conversion jumps to 35% by 2028, 45% by 2030 as debt-free. PT $5.90 (67% upside) at 4x EBITDA; $10.20 by 2030 (190% upside, 24% CAGR).
Read full article (4 min)