Intrepid Potash, Inc. (IPI)

Mining & Quarrying of Nonmetallic Minerals (No Fuels)

Latest Price

$31.04

TTM P/E

15.68

Normalized P/E

27.61

TTM Div Yield

Fwd Div Yield

Book Value

38.35

P/B Ratio

0.81

Valuation metrics

EPS: $0.85

Book value / share: $37.42

Formula: √(22.5 × EPS × BVPS)

Graham Number

$26.75

15% downside

Norm. op. income: $11M (median of 7yr)

Tax rate: 5%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$11.81

62% downside

Base FCF: $30M (median of recent 5yr)

Growth: -15%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$13.72

56% downside

EPS: $0.85

Target P/E: 28×

Formula: EPS × P/E

P/E Fair Value

$23.80

24% downside

62.3% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	1.16M	$37.0M	8.75%	+237.4K	2026-06-30
Dimensional Fund Advisors LP	772.4K	$25.0M	5.85%	+38.0K	2026-06-30
American Century Companies Inc	524.9K	$17.0M	3.97%	+196.3K	2026-06-30
Vanguard Capital Management LLC	513.6K	$16.0M	3.89%	+3.9K	2026-06-30
First Eagle Investment Management, LLC	323.6K	$10.0M	2.45%	+172.3K	2026-06-30
Goehring & Rozencwajg Associates, LLC	297.9K	$9.0M	2.26%	+30.8K	2026-06-30
Geode Capital Management, LLC	278.8K	$9.0M	2.11%	+19.0K	2026-06-30
Gate City Capital Management, LLC	244.3K	$8.0M	1.85%	+20.0K	2026-06-30
State Street Corp	242.3K	$7.0M	1.83%	+3.6K	2026-06-30
Royce & Associates LP	224.1K	$7.0M	1.70%	+28.5K	2026-06-30