Nutrien (NTR) (TSE:NTR), the world’s largest potash producer and crop nutrient company, has seen its stock crushed, falling 60% since its peak in 2022, as you can see below. Nutrien’s customers (farmers) are having a difficult time. While the price of inputs like fuel and labor have remained high, the price of their outputs, like corn and soybeans, have fallen. Nutrien has not been immune, with the price of the fertilizers it sells, like potash, falling lower. However, we may see a rebound in 2025. I remain bullish on Nutrien and believe its stock is “dirt” cheap.
Why CF Industries Is Outperforming Nutrien
When I look at a business, I like to compare it to its peers. Nutrien has a strong position in Potash production and seems to have a cost advantage over peers like The Mosaic Company (MOS). Nutrien also produces nitrogen fertilizers, but its stock has significantly underperformed its main competitor here, CF Industries (CF)….
