The stock of the fertilizer producer K+S has experienced a remarkable recovery in 2024. The stock price fell to a low of 9.97 euros in late summer 2024, marking the lowest point in the past 52 weeks. However, since this low, the stock has recovered significantly, attributed to several factors.
Factors of Recovery
Fertilizer Price Shock
An important driver of the recovery was the increase in fertilizer prices. In particular, the announcement by the Belarusian potash producer Belaruskali to cut production in the first half of 2025 led to a price increase for grain potash 60% K2O from 363 euros per ton to about 405 euros per ton. This price increase has positively impacted K+S’s finances.
Cash Flow Turnaround
K+S has experienced a turnaround in cash flow generation, which has also contributed to the stock’s positive development. The improved finances are a sign of the stability and growth potential of the company.
CEO Change
A change in management can also lead to a reevaluation of the stock. While the exact impacts of the CEO change are not detailed, such a shift often leads to a renewal of strategy and improved market positioning.
Current Price Development
In May 2025, the K+S stock continued to gain value. The price briefly rose above 15 euros, reaching a 52-week high of 15.84 euros on May 12, 2025. The current price is about 15.73 euros, which still represents a strong recovery of over 58% from the low of 9.97 euros in September 2024.
Dividend and Price Targets
In 2024, K+S paid a dividend of 0.150 euros per share. For the current year, a dividend of 0.130 euros is expected. Analysts have set a median price target of 13.29 euros for K+S stock, which is below the current price. Berenberg has even raised the price target to 17 euros and recommends the stock with a “Buy” rating.
In summary, K+S stock has experienced an impressive recovery in 2024, driven by improved market conditions, a cash flow turnaround, and strategic changes. These positive developments have attracted investor interest and could continue to contribute to positive price movement.