K+S Estimates >> Fundamentals
Last Update: 2021-12-02

PLEASE NOTE: As K+S published on 1 December 2021, K+S expects the closing of the REKS joint venture and the related positive one-off earnings effect of €200 million and the cash-in of €90 million before taxes in Q4/21. The estimates below are without any REKS effects in 2021 and 2022.

 

Please note: All numbers are excluding REKS and without impairment losses/reversals of impairment losses
*EBITDA RemainCo = 2020 excluding OU Americas incl.SG&A re-structuring
**Industry+ = Industry, Consumer and Communities customer segments
*** (Revenues-EBITDA)/(Sales volumes Agriculture+ Sales volumes Industry+)

KPI[EUR m]Q4 2020FY 2020Q4 2021 EFY 2021 EFY 2022 EFY 2023 E
MOP gran spot price (Brazil - cfr -US$), historic figures = fmbNumber of Estimates5654
MOP gran spot price (Brazil - cfr -US$), historic figures = fmbHighest800.0545.0725.0475.1
MOP gran spot price (Brazil - cfr -US$), historic figures = fmbMean592.0476.4569.7406.3
MOP gran spot price (Brazil - cfr -US$), historic figures = fmbConsensus (Median)247.6239.1725.0528.1550.0400.0
MOP gran spot price (Brazil - cfr -US$), historic figures = fmbLowest215.0270.0400.0350.0
Ø price of the K+S Agriculture Product Portfolio (in Euro per ton)Number of Estimates12121211
Ø price of the K+S Agriculture Product Portfolio (in Euro per ton)Highest439.4305.3483.2490.7
Ø price of the K+S Agriculture Product Portfolio (in Euro per ton)Mean381.1290.8382.5336.7
Ø price of the K+S Agriculture Product Portfolio (in Euro per ton)Consensus (Median)236.3233.1375.4290.3375.2318.2
Ø price of the K+S Agriculture Product Portfolio (in Euro per ton)Lowest329.5277.3334.1279.9
Cash Unit Costs K+S Group (in Euro per ton****Number of Estimates11111110
Cash Unit Costs K+S Group (in Euro per ton****Highest226.2173.5229.3234.1
Cash Unit Costs K+S Group (in Euro per ton****Mean181.6163.3180.4177.1
Cash Unit Costs K+S Group (in Euro per ton****Consensus (Median)81.2130.2182.2163.7173.5172.0
Cash Unit Costs K+S Group (in Euro per ton****Lowest144.0153.5160.1153.7
Ø USD/EUR exchange rate, spotNumber of Estimates4654
Ø USD/EUR exchange rate, spotHighest1.201.201.201.20
Ø USD/EUR exchange rate, spotMean1.201.191.191.19
Ø USD/EUR exchange rate, spotConsensus (Median)1.191.141.201.201.201.20
Ø USD/EUR exchange rate, spotLowest1.191.181.141.14
Disclaimer

This document has been issued by Vara Research GmbH for information purposes only and is not intended to constitute investment advice. It is based on estimates and forecasts of various analysts regarding revenues, earnings and business developments of the relevant company. The company did not participate in the compilation of the estimates and it does not endorse them. Such estimates and forecasts cannot be independently verified by reason of the subjective character. Vara Research GmbH gives no guarantee, representation or warranty and is not responsible or liable as to its accuracy and completeness.