Nutrien, the world’s largest crop nutrient company by capacity, was formed in early 2018 as a result of the merger between Potash Corp. of Saskatchewan and Agrium.
NTR is trading within a range we consider fairly valued.
Price
CAD 65.57
Fair Value
CAD 66.00
Uncertainty
High
1-Star Price
CAD 698.80
5-Star Price
CAD 65.30
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say
Bulls
Declining arable land per person will force growers to be more productive and should drive growth in a variety of crop inputs.
Bears
Volatile pricing and demand for crop nutrients have characterized Nutrien's business during the past few years, highlighting the cyclical nature of the company's cash flows.
Created in 2018 as a result of the merger between PotashCorp and Agrium, Nutrien is the world’s largest fertilizer producer by capacity. Nutrien produces the three main crop nutrients--nitrogen, potash, and phosphate--although its main focus is potash, where it is the global leader in installed capacity with a roughly 20% market share. The company is also the largest agricultural retailer in the United States, selling fertilizers, crop chemicals, seeds, and services directly to farm customers through its brick-and-mortar stores and online platforms.