ICL Group Ltd (ICL): one to watch?

A cyclical potash/fertilizer miner with improving earnings, but it's cheap because it's a low-margin commodity business, not a hidden bargain.

👀 WATCH Fundamentals59/100

Down 79% from its all-time high of $24.25 — now $5.17

Why ICL dropped

ICL is a specialty minerals/fertilizer company (potash, phosphate, bromine) whose price has been depressed since the 2008 fertilizer price crash and never recovered as potash prices stayed structurally lower; the recent 30-day dip coincides with an $800M bond raise and a big potash supply contract announcement that spooked investors, even as Q1 2026 saw 14% sales growth, 26% higher adjusted net income, margin expansion, and full-year EBITDA guidance raised to $1.5B–$1.7B.

Fwd P/E 11.7Op margin 12.5%Rev growth 16.5%Debt/equity 51.2%Analyst upside 12.4%

How this scored 59/100

✅ Passes all 4 hard checks — profitable, cash-generative, and financially survivable.

✅ Makes money Net profit margin 4.0%

✅ Generates cash Free cash flow $129M

✅ Not drowning in debt Debt/equity 51.2% (limit 200%)

✅ Can pay its bills Current ratio 1.6 (needs 1+)

Bar length shows how much each metric is worth — a 10-point metric is twice as wide as a 5-point one. Hover any row for what it means.

Profitability Does it actually make money? 6/25

Operating margin 12.5% 4/9

Net profit margin 4.0% 2/8

Return on equity 5.6% 0/8

Growth Is it getting bigger, or dying? 22/25

Revenue growth 16.5% 6/9

Earnings growth 51.6% 8/8

Expected profit change 76.1% 8/8

Value Is it cheap right now? 13/25

Forward P/E 11.7 9/10

PEG ratio unknown 2/8

Analyst target upside 12.4% 1/7

Balance sheet Will it survive? 18/25

Debt / equity 51.2% 8/10

Current ratio 1.6 3/8

Free cash flow $129M 7/7

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Analysis generated by SmartStonks's AI from public fundamentals and news, first flagged 2026-09-30. Research only — not financial advice.