Fertiliser business IPL is also in the right market segment in our opinion as food prices soar, again the $7.5bn business is fairly cheap trading on an Est 7.3x valuation for 2022 while it also generates enough money to pay a 3.5% yield over the coming 12-months. As global miners such as BHP Group (BHP) look to restructure their businesses away from fossil fuels we could easily see IPL residing on someone’s menu.
MM likes IPL under $4
Add To Hit List
