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Greater demand for fertilizers and crop protection products will see the global agricultural chemicals market reach an estimated
Among the sector's noteables are
Driving agricultural chemicals' global growth is the increasing demand for fertilizers and crop protection products. Farmers need to increase crop production to meet population growth worldwide.
Investors looking for undervalued growth stocks in this sector may want to look closely at FSI. Here’s why:
Flexible Solutions International's NYSE (FSI) top line sales are growing exponentially. They reached$45.7 million in 2022, up from$34.4 million in 2021, a 33% jump. In 2020, FSI’s volume was$31.4 million , 10% higher than the previous year.- FSI’s net profit was
$3.4 million in 2021,16% higher than its$2.9 million in 2020. Complete 2022 financials will be released onMarch 31 . - FSI stock is currently trading at a PE ratio (TTM) of 10.40.
- Analyst firm
Zacks calls FSI stock likely undervalued. "Considering this, as well as the strength of its earnings outlook, FSI feels like a great value stock right now,”Zacks concludes. FSI was selected byInvestor Place for its list of ‘hyper-growth stocks with 10x potential in 2023.” - FSI’s
NanoChem Solutions, Inc. Division, in particular its proprietary agricultural products EX-10, Sun Savr 30 and Sun 27, are specialty chemicals that successfully commercialize technology by combating nitrogen and phosphorus runoff and evaporation. The result: higher crop yields for farmers and more efficient production. FSI’s goal is to feed the world’s increasing population more efficiently.
Raising The Quarterly Cash Dividend By 20%
In Q3 2022, its revenue rose 3.3% to
Simply WallSt. says its quarterly performance exceeded revenue estimates from analysts by 19%.
Signing Agreement With
This long term agreement begins in June and will initially be focused on
For Q3 2022, ICL reports sales of
ICL produces controlled-release fertilizers that optimize crop yield and quality. They also reduce nutrient loss and simplify fertilizer application, ICL says. ICL offers ‘E-Max’ release technology, a polymer coated fertilizer that improves nutrient use efficiency
CONCLUSION
Agricultural specialty chemicals are a growth sector that investors should watch closely for undervalued performance stocks. One is FSI, which reported a 33% increase in sales for 2022. For the full year 2021, it reported a 16% rise in profits on a 10% volume gain. For multiple years, FSI has generated continued increases in both volume and net profit. This is a green company that commercializes its specialty chemicals and offers proprietary and innovative polymer biodegradable additives. FSI is an environmentally-friendly company focused on ESG and socially conscious investing.
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