Intrinsic value of Compass Minerals International - CMP

Previous Close

$73.55

  Intrinsic Value

$224.02

stock screener

  Rating & Target

str. buy

+205%

Previous close

$73.55

 
Intrinsic value

$224.02

 
Up/down potential

+205%

 
Rating

str. buy

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of CMP stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  3.55
  60.00
  54.50
  49.55
  45.10
  41.09
  37.48
  34.23
  31.31
  28.68
  26.31
  24.18
  22.26
  20.53
  18.98
  17.58
  16.32
  15.19
  14.17
  13.26
  12.43
  11.69
  11.02
  10.42
  9.87
  9.39
  8.95
  8.55
  8.20
  7.88
  7.59
Revenue, $m
  1,138
  1,821
  2,813
  4,207
  6,104
  8,612
  11,840
  15,892
  20,868
  26,852
  33,916
  42,116
  51,491
  62,063
  73,843
  86,827
  101,000
  116,344
  132,832
  150,440
  169,139
  188,906
  209,719
  231,564
  254,430
  278,314
  303,219
  329,155
  356,140
  384,198
  413,361
Variable operating expenses, $m
 
  1,428
  2,184
  3,246
  4,691
  6,602
  9,061
  12,148
  15,938
  20,497
  25,878
  32,084
  39,225
  47,280
  56,254
  66,144
  76,942
  88,630
  101,191
  114,604
  128,849
  143,908
  159,763
  176,405
  193,824
  212,019
  230,991
  250,749
  271,306
  292,680
  314,897
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  963
  1,428
  2,184
  3,246
  4,691
  6,602
  9,061
  12,148
  15,938
  20,497
  25,878
  32,084
  39,225
  47,280
  56,254
  66,144
  76,942
  88,630
  101,191
  114,604
  128,849
  143,908
  159,763
  176,405
  193,824
  212,019
  230,991
  250,749
  271,306
  292,680
  314,897
Operating income, $m
  175
  393
  629
  961
  1,413
  2,010
  2,779
  3,744
  4,930
  6,355
  8,038
  10,032
  12,265
  14,784
  17,590
  20,682
  24,059
  27,714
  31,641
  35,835
  40,290
  44,998
  49,956
  55,159
  60,606
  66,295
  72,228
  78,406
  84,834
  91,517
  98,464
EBITDA, $m
  265
  552
  852
  1,274
  1,849
  2,609
  3,586
  4,814
  6,321
  8,133
  10,273
  12,757
  15,596
  18,799
  22,367
  26,299
  30,592
  35,240
  40,234
  45,567
  51,231
  57,218
  63,523
  70,139
  77,065
  84,299
  91,843
  99,699
  107,872
  116,371
  125,204
Interest expense (income), $m
  27
  44
  79
  130
  202
  299
  428
  595
  803
  1,059
  1,367
  1,731
  2,153
  2,635
  3,180
  3,786
  4,454
  5,184
  5,973
  6,822
  7,728
  8,691
  9,708
  10,779
  11,904
  13,081
  14,310
  15,592
  16,927
  18,316
  19,760
Earnings before tax, $m
  197
  349
  550
  831
  1,211
  1,711
  2,351
  3,150
  4,126
  5,296
  6,670
  8,301
  10,112
  12,148
  14,410
  16,897
  19,604
  22,530
  25,668
  29,013
  32,561
  36,307
  40,248
  44,380
  48,702
  53,215
  57,918
  62,814
  67,907
  73,202
  78,704
Tax expense, $m
  34
  94
  149
  224
  327
  462
  635
  850
  1,114
  1,430
  1,801
  2,241
  2,730
  3,280
  3,891
  4,562
  5,293
  6,083
  6,930
  7,834
  8,792
  9,803
  10,867
  11,983
  13,150
  14,368
  15,638
  16,960
  18,335
  19,764
  21,250
Net income, $m
  163
  255
  402
  607
  884
  1,249
  1,716
  2,299
  3,012
  3,866
  4,869
  6,060
  7,382
  8,868
  10,519
  12,334
  14,311
  16,447
  18,737
  21,180
  23,770
  26,504
  29,381
  32,397
  35,553
  38,847
  42,280
  45,854
  49,572
  53,437
  57,454

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  77
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  2,467
  3,825
  5,910
  8,838
  12,824
  18,093
  24,873
  33,387
  43,840
  56,411
  71,252
  88,479
  108,173
  130,385
  155,133
  182,409
  212,185
  244,419
  279,060
  316,050
  355,334
  396,860
  440,587
  486,479
  534,517
  584,693
  637,014
  691,502
  748,193
  807,138
  868,405
Adjusted assets (=assets-cash), $m
  2,390
  3,825
  5,910
  8,838
  12,824
  18,093
  24,873
  33,387
  43,840
  56,411
  71,252
  88,479
  108,173
  130,385
  155,133
  182,409
  212,185
  244,419
  279,060
  316,050
  355,334
  396,860
  440,587
  486,479
  534,517
  584,693
  637,014
  691,502
  748,193
  807,138
  868,405
Revenue / Adjusted assets
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
Average production assets, $m
  1,068
  1,708
  2,639
  3,946
  5,726
  8,078
  11,106
  14,907
  19,574
  25,187
  31,813
  39,505
  48,298
  58,216
  69,265
  81,443
  94,738
  109,130
  124,597
  141,112
  158,652
  177,193
  196,717
  217,207
  238,656
  261,059
  284,419
  308,747
  334,059
  360,378
  387,732
Working capital, $m
  343
  634
  979
  1,464
  2,124
  2,997
  4,120
  5,531
  7,262
  9,344
  11,803
  14,656
  17,919
  21,598
  25,697
  30,216
  35,148
  40,488
  46,226
  52,353
  58,860
  65,739
  72,982
  80,584
  88,542
  96,853
  105,520
  114,546
  123,937
  133,701
  143,850
Total debt, $m
  1,325
  2,253
  3,712
  5,762
  8,552
  12,240
  16,986
  22,946
  30,263
  39,063
  49,451
  61,510
  75,296
  90,845
  108,168
  127,261
  148,105
  170,669
  194,917
  220,810
  248,309
  277,377
  307,986
  340,111
  373,737
  408,860
  445,485
  483,626
  523,310
  564,572
  607,458
Total liabilities, $m
  1,749
  2,678
  4,137
  6,187
  8,977
  12,665
  17,411
  23,371
  30,688
  39,488
  49,876
  61,935
  75,721
  91,270
  108,593
  127,686
  148,530
  171,094
  195,342
  221,235
  248,734
  277,802
  308,411
  340,536
  374,162
  409,285
  445,910
  484,051
  523,735
  564,997
  607,883
Total equity, $m
  717
  1,148
  1,773
  2,651
  3,847
  5,428
  7,462
  10,016
  13,152
  16,923
  21,376
  26,544
  32,452
  39,116
  46,540
  54,723
  63,656
  73,326
  83,718
  94,815
  106,600
  119,058
  132,176
  145,944
  160,355
  175,408
  191,104
  207,451
  224,458
  242,142
  260,521
Total liabilities and equity, $m
  2,466
  3,826
  5,910
  8,838
  12,824
  18,093
  24,873
  33,387
  43,840
  56,411
  71,252
  88,479
  108,173
  130,386
  155,133
  182,409
  212,186
  244,420
  279,060
  316,050
  355,334
  396,860
  440,587
  486,480
  534,517
  584,693
  637,014
  691,502
  748,193
  807,139
  868,404
Debt-to-equity ratio
  1.848
  1.960
  2.090
  2.170
  2.220
  2.260
  2.280
  2.290
  2.300
  2.310
  2.310
  2.320
  2.320
  2.320
  2.320
  2.330
  2.330
  2.330
  2.330
  2.330
  2.330
  2.330
  2.330
  2.330
  2.330
  2.330
  2.330
  2.330
  2.330
  2.330
  2.330
Adjusted equity ratio
  0.268
  0.300
  0.300
  0.300
  0.300
  0.300
  0.300
  0.300
  0.300
  0.300
  0.300
  0.300
  0.300
  0.300
  0.300
  0.300
  0.300
  0.300
  0.300
  0.300
  0.300
  0.300
  0.300
  0.300
  0.300
  0.300
  0.300
  0.300
  0.300
  0.300
  0.300

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  163
  255
  402
  607
  884
  1,249
  1,716
  2,299
  3,012
  3,866
  4,869
  6,060
  7,382
  8,868
  10,519
  12,334
  14,311
  16,447
  18,737
  21,180
  23,770
  26,504
  29,381
  32,397
  35,553
  38,847
  42,280
  45,854
  49,572
  53,437
  57,454
Depreciation, amort., depletion, $m
  90
  159
  223
  313
  436
  598
  807
  1,069
  1,391
  1,778
  2,235
  2,724
  3,331
  4,015
  4,777
  5,617
  6,534
  7,526
  8,593
  9,732
  10,942
  12,220
  13,567
  14,980
  16,459
  18,004
  19,615
  21,293
  23,039
  24,854
  26,740
Funds from operations, $m
  135
  414
  625
  920
  1,320
  1,847
  2,523
  3,369
  4,403
  5,644
  7,105
  8,784
  10,713
  12,883
  15,296
  17,951
  20,845
  23,973
  27,330
  30,912
  34,711
  38,725
  42,948
  47,377
  52,012
  56,851
  61,895
  67,147
  72,611
  78,291
  84,194
Change in working capital, $m
  -32
  238
  345
  485
  660
  873
  1,123
  1,410
  1,731
  2,082
  2,458
  2,854
  3,262
  3,679
  4,099
  4,518
  4,932
  5,340
  5,738
  6,127
  6,507
  6,879
  7,243
  7,602
  7,957
  8,312
  8,667
  9,026
  9,391
  9,764
  10,149
Cash from operations, $m
  167
  176
  279
  435
  660
  975
  1,400
  1,958
  2,672
  3,562
  4,646
  5,931
  7,451
  9,204
  11,197
  13,433
  15,913
  18,633
  21,592
  24,784
  28,204
  31,846
  35,704
  39,775
  44,054
  48,539
  53,228
  58,121
  63,220
  68,527
  74,045
Maintenance CAPEX, $m
  0
  -74
  -118
  -182
  -272
  -395
  -557
  -766
  -1,028
  -1,350
  -1,737
  -2,194
  -2,724
  -3,331
  -4,015
  -4,777
  -5,617
  -6,534
  -7,526
  -8,593
  -9,732
  -10,942
  -12,220
  -13,567
  -14,980
  -16,459
  -18,004
  -19,615
  -21,293
  -23,039
  -24,854
New CAPEX, $m
  -182
  -640
  -931
  -1,307
  -1,780
  -2,352
  -3,027
  -3,801
  -4,667
  -5,613
  -6,626
  -7,692
  -8,794
  -9,917
  -11,049
  -12,178
  -13,295
  -14,392
  -15,466
  -16,516
  -17,540
  -18,541
  -19,523
  -20,490
  -21,448
  -22,403
  -23,361
  -24,328
  -25,312
  -26,319
  -27,355
Cash from investing activities, $m
  -468
  -714
  -1,049
  -1,489
  -2,052
  -2,747
  -3,584
  -4,567
  -5,695
  -6,963
  -8,363
  -9,886
  -11,518
  -13,248
  -15,064
  -16,955
  -18,912
  -20,926
  -22,992
  -25,109
  -27,272
  -29,483
  -31,743
  -34,057
  -36,428
  -38,862
  -41,365
  -43,943
  -46,605
  -49,358
  -52,209
Free cash flow, $m
  -301
  -538
  -769
  -1,055
  -1,392
  -1,773
  -2,185
  -2,609
  -3,023
  -3,401
  -3,717
  -3,955
  -4,067
  -4,044
  -3,867
  -3,522
  -2,999
  -2,292
  -1,400
  -324
  932
  2,363
  3,961
  5,718
  7,626
  9,677
  11,864
  14,178
  16,615
  19,169
  21,837
Issuance/(repayment) of debt, $m
  417
  1,005
  1,459
  2,050
  2,790
  3,688
  4,746
  5,960
  7,317
  8,800
  10,388
  12,059
  13,786
  15,548
  17,323
  19,093
  20,843
  22,564
  24,248
  25,893
  27,499
  29,069
  30,608
  32,125
  33,627
  35,123
  36,625
  38,141
  39,684
  41,262
  42,886
Issuance/(repurchase) of shares, $m
  1
  176
  224
  272
  312
  332
  318
  255
  123
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  409
  1,181
  1,683
  2,322
  3,102
  4,020
  5,064
  6,215
  7,440
  8,800
  10,388
  12,059
  13,786
  15,548
  17,323
  19,093
  20,843
  22,564
  24,248
  25,893
  27,499
  29,069
  30,608
  32,125
  33,627
  35,123
  36,625
  38,141
  39,684
  41,262
  42,886
Total cash flow (excl. dividends), $m
  113
  643
  914
  1,267
  1,710
  2,247
  2,880
  3,606
  4,417
  5,399
  6,672
  8,104
  9,719
  11,504
  13,456
  15,571
  17,844
  20,272
  22,848
  25,569
  28,431
  31,432
  34,569
  37,843
  41,253
  44,800
  48,488
  52,320
  56,299
  60,431
  64,724
Retained Cash Flow (-), $m
  -77
  -431
  -625
  -879
  -1,196
  -1,581
  -2,034
  -2,554
  -3,136
  -3,771
  -4,452
  -5,168
  -5,908
  -6,664
  -7,424
  -8,183
  -8,933
  -9,670
  -10,392
  -11,097
  -11,785
  -12,458
  -13,118
  -13,768
  -14,411
  -15,053
  -15,696
  -16,346
  -17,007
  -17,684
  -18,380
Prev. year cash balance distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  212
  289
  389
  514
  666
  846
  1,051
  1,281
  1,627
  2,219
  2,936
  3,810
  4,840
  6,032
  7,388
  8,912
  10,601
  12,456
  14,472
  16,646
  18,974
  21,451
  24,075
  26,841
  29,748
  32,792
  35,973
  39,292
  42,748
  46,344
Discount rate, %
 
  9.30
  9.77
  10.25
  10.77
  11.30
  11.87
  12.46
  13.09
  13.74
  14.43
  15.15
  15.91
  16.70
  17.54
  18.41
  19.33
  20.30
  21.32
  22.38
  23.50
  24.68
  25.91
  27.20
  28.57
  29.99
  31.49
  33.07
  34.72
  36.46
  38.28
PV of cash for distribution, $m
 
  194
  240
  290
  342
  390
  431
  462
  479
  511
  577
  622
  648
  650
  628
  585
  527
  458
  384
  312
  244
  185
  135
  95
  65
  42
  27
  16
  9
  5
  3
Current shareholders' claim on cash, %
  100
  93.3
  88.3
  84.5
  81.8
  79.8
  78.4
  77.6
  77.4
  77.4
  77.4
  77.4
  77.4
  77.4
  77.4
  77.4
  77.4
  77.4
  77.4
  77.4
  77.4
  77.4
  77.4
  77.4
  77.4
  77.4
  77.4
  77.4
  77.4
  77.4
  77.4

Compass Minerals International, Inc. (CMI) is a provider of essential minerals that solve nature's challenges, including salt for winter roadway safety and other consumer, industrial and agricultural uses; specialty plant nutrition minerals for the quality and yield of crops, and specialty chemicals for water treatment and other industrial processes. The Company has three segments: Salt, Plant Nutrition North America and Plant Nutrition South America. The Salt segment produces and markets salt and magnesium chloride for use in road deicing and dust control, food processing, water softeners, and agricultural and industrial applications. Its Plant Nutrition North America segment includes sales of sulfate of potash (SOP) specialty fertilizer and micronutrients. The Plant Nutrition South America segment operates two primary businesses in Brazil: agricultural productivity and chemical solutions.

FINANCIAL RATIOS  of  Compass Minerals International (CMP)

Valuation Ratios
P/E Ratio 15.2
Price to Sales 2.2
Price to Book 3.5
Price to Tangible Book
Price to Cash Flow 14.9
Price to Free Cash Flow -165.7
Growth Rates
Sales Growth Rate 3.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -16.5%
Cap. Spend. - 3 Yr. Gr. Rate 8.2%
Financial Strength
Quick Ratio 1
Current Ratio 0.1
LT Debt to Equity 166.7%
Total Debt to Equity 184.8%
Interest Coverage 8
Management Effectiveness
Return On Assets 9.1%
Ret/ On Assets - 3 Yr. Avg. 11.6%
Return On Total Capital 9.6%
Ret/ On T. Cap. - 3 Yr. Avg. 13.5%
Return On Equity 24%
Return On Equity - 3 Yr. Avg. 28.2%
Asset Turnover 0.6
Profitability Ratios
Gross Margin 26.4%
Gross Margin - 3 Yr. Avg. 29.7%
EBITDA Margin 27.6%
EBITDA Margin - 3 Yr. Avg. 28.7%
Operating Margin 15.4%
Oper. Margin - 3 Yr. Avg. 19.9%
Pre-Tax Margin 17.3%
Pre-Tax Margin - 3 Yr. Avg. 19.9%
Net Profit Margin 14.3%
Net Profit Margin - 3 Yr. Avg. 15.3%
Effective Tax Rate 17.3%
Eff/ Tax Rate - 3 Yr. Avg. 22.9%
Payout Ratio 57.7%

CMP stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the CMP stock intrinsic value calculation we used $1138 million for the last fiscal year's total revenue generated by Compass Minerals International. The default revenue input number comes from 2016 income statement of Compass Minerals International. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our CMP stock valuation model: a) initial revenue growth rate of 60% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 9.3%, whose default value for CMP is calculated based on our internal credit rating of Compass Minerals International, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Compass Minerals International.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of CMP stock the variable cost ratio is equal to 79.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for CMP stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Compass Minerals International.

Corporate tax rate of 27% is the nominal tax rate for Compass Minerals International. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the CMP stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for CMP are equal to 93.8%.

Life of production assets of 14.5 years is the average useful life of capital assets used in Compass Minerals International operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for CMP is equal to 34.8%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $717 million for Compass Minerals International - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 33.495 million for Compass Minerals International is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Compass Minerals International at the current share price and the inputted number of shares is $2.5 billion.

RELATED COMPANIES Price Int.Val. Rating
IPI Intrepid Potas 4.16 0.70  str.sell
CINR Ciner Resource 26.38 48.82  str.buy
SQM Sociedad Quimi 59.55 23.87  str.sell
POT Potash of Sask 20.65 2.42  str.sell

COMPANY NEWS

▶ Compass Minerals Reports Fourth-Quarter Snow-Event Data   [Jan-10-18 09:00AM  Business Wire]
▶ Basic Materials: The Most Overvalued Sector We Cover   [Dec-27-17 06:00AM  Morningstar]
▶ December Top Materials Dividend Payers   [Dec-24-17 01:02PM  Simply Wall St.]
▶ Compass Minerals Declares Dividend   [Nov-09-17 08:57AM  Business Wire]
▶ Compass misses 3Q profit forecasts   [Oct-30-17 04:43PM  Associated Press]
▶ The Dominance of a Single Player   [Oct-20-17 07:45AM  Market Realist]
▶ Company News For Sep 25, 2017   [Sep-25-17 12:54PM  Zacks]
▶ We Expect Compass Minerals to Bounce Back   [07:00AM  Morningstar]
▶ Whats Compass Minerals Doing to Gain a Cost Advantage?   [Aug-18-17 12:06PM  Market Realist]
▶ Compass reports 2Q loss   [Aug-07-17 11:55PM  Associated Press]
▶ Compass Minerals Declares Dividend   [Aug-04-17 08:45AM  Business Wire]
▶ The Best Stock in Kansas: Compass Minerals   [Jul-18-17 04:30PM  Kiplinger]
▶ 3 Stocks on the Motley Fool Money Radar This Week   [Jun-22-17 02:23PM  Motley Fool]
▶ Weitz Funds Comments on Compass Minerals   [May-18-17 01:15PM  GuruFocus.com]
▶ Compass Minerals Declares Dividend   [May-04-17 07:30AM  Business Wire]
▶ Compass Minerals Survives a Mild Winter   [May-03-17 07:19PM  Motley Fool]
▶ Compass beats 1Q profit forecasts   [04:36PM  Associated Press]
▶ 9 Small-Cap Stocks With Wide Moats   [Apr-12-17 06:00AM  Morningstar]
▶ Compass Minerals Reports First-Quarter Snow-Event Data   [Apr-10-17 09:00AM  Business Wire]
▶ Snow Scarcity Dings Compass Minerals   [Apr-05-17 10:40AM  Morningstar]
▶ Stocks Reach Their 3-Year Lows   [Apr-02-17 11:01AM  GuruFocus.com]
Financial statements of CMP
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