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Nutrien USD

Update

Sector: Fertilizers

Geography: Canada, United States

COMM_NTR

Price chart

67.62 USDDay 3.14%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
67.62 USD · 3.14%
Market cap
32.9 bn USD

Growth

Δ revenue y/y
3.5%
Δ EBITDA y/y
45.5%

Multiples

P/E (LTM)
14.3x
3y avg: 23.0x
P/B (FY)
1.3x
EV/EBITDA (LTM)
7.2x
3y avg: 7.4x

Cash return

Dividend yield
1.6%
FCF yield (LTM)
8.0%

Liquidity

Daily turnover (listing)
158.7 mln USD

Shares: yahoo_fundamentals_timeseries/NTR

🔍 Sanity check — subtotal consistency (Level-1 + Level-2) OK: 0 / Warn: 3 / Err: 0 / Autofix applied: 0
Port of PHP subtotal-total + sign-flip detection logic
PeriodIssues
2023-12-31 FY⚠Warn 1
2024-12-31 FY⚠Warn 1
2025-12-31 FY⚠Warn 1
✓ All checks pass · ⚠ Has warnings (review) · ✗ Has errors (needs fix) · ✓* Autofix applied (see evidence)

Financial dynamics

Monetary columns are in B USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB USDOperating profitB USDD&AB USDEBITDAB USDNet profitB USDOperating CFB USDCapex + M&AB USDAssetsB USDEquityB USDROE (annualized)Net debtB USDSource
2025-12-31FY 2025 (12M)PARTIAL26.9
y/y 3.5%
3.7
y/y 101.3%
2.4
y/y 1.3%
6.1
y/y 45.5%
2.3
y/y 228.1%
4.0-1.452.3
y/y 0.9%
25.3
y/y 3.8%
9.2%10.8—
2024-12-31FY 2024 (12M)PARTIAL26.0
y/y -10.6%
1.9
y/y -32.4%
2.3
y/y 7.8%
4.2
y/y -14.6%
0.7
y/y -45.4%
3.5-2.151.8
y/y -1.7%
24.4
y/y -3.0%
2.8%10.9—
2023-12-31FY 2023 (12M)PARTIAL29.1
y/y —
2.7
y/y —
2.2
y/y —
4.9
y/y —
1.3
y/y —
5.1—52.7
y/y —
25.2
y/y —
—11.1—
Data quality — review suggested

Production & Reserves

Physical operating metrics — supplementary, not part of the financial statements

Potash

Annual production
13.90 million tonnes
2024

Production, million tonnes

13.60202113202213.20202313.902024

Production

YearProduction, million tonnes
202413.90
+5.3%
202313.20
+1.5%
202213
−4.4%
202113.60

Nutrien potash sales volumes (curated from company reports).

Cash flow

Net debt / cash ($ mln)

02 5005 0007 50010 0002023 FY2024 FY2025 FY

Key-commodity price — North America Fertilizer Index (Green Markets)

Current 723spot vs LTM +2%

Commodity-player potential

Target market cap from conservative EBITDA and the historical EV/EBITDA

Upside: -157.6%

Main driver: North America Fertilizer Index (Green Markets) +2% vs LTM; revenue ×1.08 vs costs ×1.30; EBITDA 4 113→-589; at 10.3× EV/EBITDA → -158%.

Product prices — moves vs the LTM average

CommodityShareSpotLTM3-yrvs LTM, $3y vs LTM
North America Fertilizer Index (Green Markets) (rev)+49%722.87710.88641.00+2%-10%
North America Fertilizer Index (Green Markets) (cost)-31%722.87710.88641.00+2%-10%
Potash (US Gulf Nola) (rev)+15%787.74731.28658.45+8%-10%
Ammonia (Black Sea) (cost)-10%325.40333.28401.80-2%+21%
China Factory Posted Sulfur Spot (cost)-10%1 619.30439.96330.19+268%-25%
Food Oils and Oilseeds (cost)-10%120.90116.66115.04+4%-1%
Henry Hub Gas (cost)-7%3.053.533.09-14%-12%
Food Oils and Oilseeds (rev)+7%120.90116.66115.04+4%-1%
DAP FOB NOLA (rev)+7%782.50690.42637.67+13%-8%
UAN (Black Sea) (rev)+6%500.00300.98325.27+66%+8%
Ammonia (Black Sea) (rev)+6%325.40333.28401.80-2%+21%
Freightos Baltic Index (cost)-5%2 888.802 193.992 843.41+32%+30%
AN (Black Sea) (rev)+5%678.53535.12571.61+27%+7%
Electricity Spot (cost)-3%57.8058.5652.39-1%-11%
US Diesel Index (EIA) (cost)-1%5.213.754.07+39%+8%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue26 531
LTM EBITDA4 113
LTM cash costs (revenue − EBITDA)22 418
2 · Revenue projection
Revenue multiplier — spot×1.080 (+8%)
= Spot revenue28 649
Revenue multiplier — 3y price×0.950 (-5%)
= 3-year-price revenue25 210
3 · Costs projection
Cost multiplier — spot×1.304 (+30%)
= Spot cash costs29 238
Cost multiplier — 3y price×0.975 (-3%)
= 3-year-price cash costs21 849
4 · EBITDA projection (revenue − costs)
= Spot EBITDA-589
= 3-year-price EBITDA3 361
Conservative EBITDA = min(spot, avg)-589
5 · Valuation → target market cap
Historical EV/projected-EBITDA (75th pct)10.3x
Target EV = EV/EBITDA × conservative EBITDA-6 068
Net debt14 236
Target market cap = EV − net debt-19 301
Current market cap33 498

Upside = target market cap ÷ current − 1 = -157.6%

Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.

PeriodAct. revModel revΔ revAct. EBITDAModel EBITDAΔ EBITDA
2021 FY27 71242 508-34.8%6 7327 408-9.1%
2022 FY37 88438 837-2.5%12 82112 025+6.6%
2023 FY29 05626 028+11.6%4 9149 099-46.0%
2024 FY25 97227 204-4.5%4 1951 407+198.2%
2025 FY26 88530 710-12.5%6 1054 128+47.9%

EV/EBITDA — LTM vs projected

Projected EV/EBITDA 8.2x · target 75th pct (3y) 10.3x · LTM avg 10.6x

EV/EBITDA (LTM)EV/EBITDA (projected)target 75th pct (projected, 3y)

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-03-310.55 USDEx-dividend: 0.55 USD per sharePaidYahoo Finance (ex-div)
2025-06-300.545 USDEx-dividend: 0.545 USD per sharePaidYahoo Finance (ex-div)
2025-03-310.545 USDEx-dividend: 0.545 USD per sharePaidYahoo Finance (ex-div)
2024-12-310.54 USDEx-dividend: 0.54 USD per sharePaidYahoo Finance (ex-div)
2024-09-270.54 USDEx-dividend: 0.54 USD per sharePaidYahoo Finance (ex-div)
2024-06-280.54 USDEx-dividend: 0.54 USD per sharePaidYahoo Finance (ex-div)
2024-03-270.54 USDEx-dividend: 0.54 USD per sharePaidYahoo Finance (ex-div)
2023-12-280.53 USDEx-dividend: 0.53 USD per sharePaidYahoo Finance (ex-div)
2023-09-280.53 USDEx-dividend: 0.53 USD per sharePaidYahoo Finance (ex-div)
2023-06-290.53 USDEx-dividend: 0.53 USD per sharePaidYahoo Finance (ex-div)
2023-03-300.53 USDEx-dividend: 0.53 USD per sharePaidYahoo Finance (ex-div)
2022-12-290.48 USDEx-dividend: 0.48 USD per sharePaidYahoo Finance (ex-div)
2022-09-280.48 USDEx-dividend: 0.48 USD per sharePaidYahoo Finance (ex-div)
2022-06-290.48 USDEx-dividend: 0.48 USD per sharePaidYahoo Finance (ex-div)
2022-03-300.48 USDEx-dividend: 0.48 USD per sharePaidYahoo Finance (ex-div)
2021-12-300.46 USDEx-dividend: 0.46 USD per sharePaidYahoo Finance (ex-div)
2021-09-280.46 USDEx-dividend: 0.46 USD per sharePaidYahoo Finance (ex-div)
2021-06-290.46 USDEx-dividend: 0.46 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)