ICL.TA - Israel Chemicals Ltd.

Tel Aviv - Tel Aviv Delayed Price. Currency in ILA
1,548.00
-33.00 (-2.09%)
At close: 5:24PM IST
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Previous Close1,581.00
Open1,574.00
Bid1,548.00 x 20100
Ask1,549.00 x 1591600
Day's Range1,544.00 - 1,593.00
52 Week Range1,516.00 - 2,170.00
Volume3,731,145
Avg. Volume1,989,193
Market Cap19.82B
Beta (5Y Monthly)0.37
PE Ratio (TTM)3,948.98
EPS (TTM)0.39
Earnings DateFeb 04, 2020 - Feb 10, 2020
Forward Dividend & Yield0.70 (4.50%)
Ex-Dividend DateDec 04, 2019
1y Target Est6.08
  • Anglo’s Digging a Hole for Itself in England
    Bloomberg

    Anglo’s Digging a Hole for Itself in England

    (Bloomberg Opinion) -- Anglo American Plc is dabbling in creative M&A. Buying an English fertilizer project for just over $500 million, excluding debt, is more than manageable for a $35 billion mining giant that generated $1.3 billion in free cash flow in the first half of last year. It’s also a gamble on an unproven niche market that speaks to the paucity of large-scale acquisition options for cashed-up diggers.Anglo said on Wednesday it may bid for London-listed Sirius Minerals Plc, owner of a giant potash project under the North York Moors national park. The mine’s future has been in question since a funding plan collapsed last year, after Sirius was forced to pull a $500 million junk bond sale, making it impossible to unlock a $2.5 billion credit facility from JPMorgan Chase & Co.That makes this an opportunistic move by Chief Executive Officer Mark Cutifani. Anglo is offering 5.5 pence per share for a stock that traded at four times that less than a year ago. It’s an affordable option — Anglo can easily support both the cost of the initial deal and a development spend estimated at $300 million a year for the next two years.It’s a laudable effort at diversification too, away from South Africa, into a counter-cyclical commodity and a space the miner hasn’t been in since selling its niobium and phosphates business in Brazil in 2016. It’s also purchasing at a relatively low point for fertilizer ingredients — notable for an industry that in the past burned billions buying at the top.None of this means Anglo should press ahead with a firm offer.Anglo shareholders still bear bruises from its disastrous, peak-of-the-market Minas Rio deal – a Brazilian iron-ore project that was plagued by years of cost overruns and delays, and ultimately contributed to the departure of Cutifani’s predecessor. The $5 billion Quellaveco copper mine in Peru, meanwhile, which was supposed to prove Anglo’s ability to build from scratch, is still two years from production.Anglo argues the Sirius development is far more advanced than Minas Rio was. That’s true. But it will still require some $3 billion, by Sirius estimates, and a 37-kilometer (23-mile) tunnel under a national park, for a conveyor belt to take rock to port. A challenge, even with permits in hand.Investors should be far more worried about Anglo bosses’ willingness to bet on a project where demand for the end product — an alternative to traditional potassium-bearing minerals called polyhalite — is unproven, and prices are unclear. The selling point is that it combines several key nutrients along with potassium — magnesium, sulfur and calcium — and is low-chloride too, which matters for some crops. It’s unclear how those extras are valued, though.Only one company, Israel Chemicals Ltd., currently produces polyhalite, from one mine. Price estimates range from $100 to $200 per metric ton, making the economics difficult to calculate, including Sirius’s promised 50%-plus Ebitda margin.Polyhalite accounts for a tiny sliver of the wider potash market, even among low-chloride alternatives, largely because it contains far less potassium.That means the capacity of the Yorkshire mine dwarfs current demand. The polyhalite market amounts to less than one million tons a year, but the Yorkshire mine could produce 13 million tons. That’s a mighty step up, even accounting for the purchase agreements Sirius has already signed. Success will require building substantial new demand and clawing market share away from potash giants like Nutrien Ltd. With plentiful supply of standard potash in the medium term, that may be a challenge.There is some element of reassurance here. Even if it bids, Anglo won’t be committing to develop the mine, making this an option of sorts.That’s small consolation for investors, though, who will fret that cash-rich miners looking for growth — and wary of overspending on coveted metals like copper — will begin to experiment. Expect mixed results. To contact the author of this story: Clara Ferreira Marques at cferreirama@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Clara Ferreira Marques is a Bloomberg Opinion columnist covering commodities and environmental, social and governance issues. Previously, she was an associate editor for Reuters Breakingviews, and editor and correspondent for Reuters in Singapore, India, the U.K., Italy and Russia.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • PR Newswire

    ICL Rises to First Place Among Peer Companies in Bloomberg's ESG Sustainability Index

    ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals and specialty chemicals company, announced today that, following the finalization of the Bloomberg Environmental, Social & Governance ("ESG") disclosure ranking based on 2018 data, ICL's score has increased to 67, compared to 60 and 52 for 2017 and 2016 data, respectively. For the first time, ICL's score is the highest among its global fertilizer peers. It is also the highest among all Israeli companies ranked by Bloomberg, for the second straight year.

  • PR Newswire

    ICL Completes the Issuance of 15-year Debentures, With an Interest Rate of 2.4%

    ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals and specialty chemicals company, announced today that it completed an offering of NIS 380 million of its Series G debentures ("Debentures") to Israeli investors. The Debentures are rated ilAA by S&P; Maalot. The offering was oversubscribed, with offers exceeding NIS 1.3 billion, more than three times the amount issued by the Company. The Debentures will be listed for trading on the Tel Aviv Stock Exchange ("TASE").

  • Is Israel Chemicals Ltd. (ICL) A Good Stock To Buy?
    Insider Monkey

    Is Israel Chemicals Ltd. (ICL) A Good Stock To Buy?

    It seems that the masses and most of the financial media hate hedge funds and what they do, but why is this hatred of hedge funds so prominent? At the end of the day, these asset management firms do not gamble the hard-earned money of the people who are on the edge of poverty. Truth […]

  • Thomson Reuters StreetEvents

    Edited Transcript of ICL.TA earnings conference call or presentation 7-Nov-19 1:15pm GMT

    Q3 2019 Israel Chemicals Ltd Earnings Call

  • PR Newswire

    ICL Reports Q3 2019 Results

    - Solid results with record quarterly operating cash flow - Sales of $1.33 billion compared to $1.37 billion in Q3 2018, a decrease of 3%, mainly due to delays in the signing of potash supply contracts ...

  • PR Newswire

    ICL Signed a Contract for the Sale of Potash to a Customer in India

    TEL AVIV, Israel , Oct. 30, 2019 /PRNewswire/ -- ICL   (NYSE: ICL) (TASE: ICL), a leading global specialty minerals and specialty chemicals company, announced today that further to its announcement regarding ...

  • PR Newswire

    ICL Announces Release Date for Q3 2019 Financial Results

    TEL AVIV, Israel , Oct. 28, 2019 /PRNewswire/ -- ICL   (NYSE: ICL) (TASE: ICL), a leading global specialty minerals and specialty chemicals company, will announce its third quarter 2019 financial results ...

  • PR Newswire

    ICL to Present at Upcoming Conferences in November

    TEL AVIV, Israel , Oct. 23, 2019 /PRNewswire/ --  ICL  ( NYSE: ICL) (TASE: ICL), a leading global specialty minerals and specialty chemicals company, will participate at upcoming conferences: Mr. Raviv ...

  • PR Newswire

    ICL to Expand its Presence in the Plant-based Meat-alternatives Market

    ICL expects to invest ~$20 million to expand its capabilities in the fast growing meat substitutes market TEL AVIV, Israel , Oct. 15, 2019 /PRNewswire/ -- ICL (NYSE: ICL) (TASE: ICL), a leading global ...

  • Reuters

    Israel Chemicals to expand Dead Sea bromine plant on higher Asia demand

    Israel Chemicals (ICL) said on Tuesday it was increasing its bromine compounds capacity after entering into several agreements with customers in Asia. The company said it will invest about $50 million at its plant near the Dead Sea, where it has exclusive rights in Israel to extract minerals. The expansion will increase production capacity of TBBA, a bromine compound used primarily in the manufacturing of printed circuit boards for the electronics industry by up to 25,000 metric tonnes annually, it said.

  • PR Newswire

    ICL to Increase Its Bromine Compounds Capacity Following Strategic Agreements Signed With Customers in Asia

    Capacity expansion will position ICL for additional long-term strategic contracts TEL-AVIV, Israel , Sept. 10, 2019 /PRNewswire/ --   ICL   (NYSE: ICL & TASE: ICL), a leading global specialty minerals ...

  • PR Newswire

    /C O R R E C T I O N -- ICL/

    In the news release, ICL Innovates With Amazon Web Services to Deliver Digital Services to Agriculture Professionals, issued 04-Sep-2019 by ICL over PR Newswire, we are advised by the company that the quote in the 5th paragraph should be attributed to Chandan Sharma rather than Cameron Holbrook as originally issued inadvertently.

  • PR Newswire

    ICL to Present at Upcoming Conferences in September

    TEL AVIV, Israel , Aug. 12, 2019 /PRNewswire/ -- ICL   (NYSE: ICL) (TASE: ICL), a leading global specialty minerals and specialty chemicals company, will participate at upcoming conferences: Mr. Charles ...

  • Thomson Reuters StreetEvents

    Edited Transcript of ICL.TA earnings conference call or presentation 31-Jul-19 12:30pm GMT

    Q2 2019 Israel Chemicals Ltd Earnings Call

  • PR Newswire

    ICL Publishes Its 2018 Online Corporate Responsibility Report

    TEL AVIV, Israel, Aug. 1, 2019 /PRNewswire/ -- ICL (ICL), (ICL), a leading global specialty minerals and specialty chemicals company, today announced the publication of its online Corporate Responsibility ("CSR") web-report for 2018. The innovative 2018 report, which can be accessed at www.icl-group-sustainability.com/, includes over 130 topic-specific web pages providing direct access to the Company's numerous sustainability initiatives and contains a host of integrated, interactive features, including short films and dynamic data charts. Among the topics included in the 2018 report are ICL's increasing alignment with the UN's sustainable development goals ("SDGs"), the Company's sustainable solutions for agriculture and industry designed to reduce environmental and health impacts, details of ICL's circular economy initiatives and the Company's environmental management and performance in 2018, including its reduction of NOx and SOx air emissions by 20% and 25%, respectively.

  • Reuters

    UPDATE 1-Israel Chemicals second-quarter profit up on strong potash sales

    Israel Chemicals (ICL) on Wednesday reported a rise in second-quarter revenue and profit despite poor weather conditions in some target markets. ICL posted adjusted earnings per share of 12 cents, up from 9 cents a year earlier, while sales edged up to $1.43 billion from $1.37 billion amid higher potash sales. Analysts on average had forecast earnings of 11 cents per share on sales of $1.47 billion, according to I/B/E/S data from Refinitiv.

  • PR Newswire

    ICL Reports Strong Q2 2019 Results

    - Second quarter sales of $1.43 billion compared to $1.37 billion in Q2 2018, a growth of 4% - Operating income of $240 million and adjusted operating income of $230 million , a 40% and 22% increase over ...

  • 6 Underperforming Stocks in Gurus' Portfolios
    GuruFocus.com

    6 Underperforming Stocks in Gurus' Portfolios

    Macy's tops the list Continue reading...

  • PR Newswire

    Fitch Revises ICL'S Outlook to 'Positive' From 'Stable' and Affirms Its 'BBB-' Rating

    - Rating firm stated ICL's business profile is consistent with 'BBB' rating, highlighting its cost-competitive potash operations, diversification into non-agriculture end markets, leading market position ...

  • PR Newswire

    ICL Announces Release Date for Q2 2019 Financial Results

    TEL AVIV, Israel , July 17, 2019 /PRNewswire/  -- ICL   (NYSE: ICL) (TASE: ICL), a leading global specialty minerals and specialty chemicals company, will announce its second quarter 2019 financial results ...

  • PR Newswire

    S&P Reaffirms ICL's BBB- Rating With a Stable Outlook

    - Ratings firm acknowledges ICL's unique advantages, improved credit metrics and prudent financial policy - TEL AVIV, Israel , July 4, 2019 /PRNewswire/ --  ICL (NYSE: ICL) (TASE: ICL), a leading global ...

  • ICL Awarded the Highest 'Platinum+' Score in the Maala Index for 2019
    PR Newswire

    ICL Awarded the Highest 'Platinum+' Score in the Maala Index for 2019

    TEL AVIV, Israel, July 2, 2019 /PRNewswire/ -- ICL (ICL) (ICL), a leading global specialty minerals and specialty chemicals company, announced that Raviv Zoller, ICL's President & CEO, participated this morning in an opening bell ceremony at the Israeli Stock Exchange hosted by Maala, celebrating the publication of the Maala ranking for 2019. This is the sixth year in which ICL participated in the Maala ranking, and for the first time ever, awarded with the highest 'Platinum+' ranking. Maala is a leading professional umbrella organization in Israel, comprised of over 100 of the highest impact companies in Israel on corporate responsibility.