MOS Mosaic Company (The)

materials · 2026-10-28

N/A

too hard · 28

Owner-earnings value—

Price$18.79

Margin of safety —

Quality gate · 28/100

Returns on capital 0/30

Consistency 11.4/22

Margins / pricing power 4.5/16

Balance sheet 0/16

Cash conversion 6.2/10

Capital allocation 5.7/6

⚠ sub-hurdle returns (median roic 6% < 9%) · over-levered (net debt/EBITDA 4.3x > 4x)

Median ROIC5.8%

Gross margin11.0%

Net debt / EBITDA4.3x

FCF conversion59%

Share count / yr-2.2%

Profitable years4/4

Moat & management

Owner-earnings inputs

Owner earnings (TTM)	-638.50M
Owner-earnings yield	-10.7%
Free-cash-flow yield	-15.9%
Growth used (normalized)	—
Terminal growth	—
Discount rate (hurdle)	—

⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · non-positive owner earnings — cannot value as a going wonderful business

Date	Quality	Price	Value	MoS	Rating
2026-10-28	28	$18.79	—	—	N/A
2026-09-28	28	$23.01	—	—	N/A
2026-08-26	28	$24.27	—	—	N/A
2026-07-24	34	$22.28	$2.14	-90.4%	N/A
2026-07-02	34	$21.30	$2.14	-89.9%	N/A
2026-06-25	34	$20.86	$2.14	-89.7%	N/A
2026-06-23	34	$21.25	$2.14	-89.9%	N/A

Date

Quality

Price

Value

MoS

Rating

2026-10-28

$18.79

—

N/A

2026-09-28

$23.01

—

N/A

2026-08-26

$24.27

—

N/A

2026-07-24

$22.28

$2.14

-90.4%

N/A

2026-07-02

$21.30

$2.14

-89.9%

N/A

2026-06-25

$20.86

$2.14

-89.7%

N/A

2026-06-23

$21.25

$2.14

-89.9%

N/A

Quality gate · 28/100

Moat & management

Owner-earnings inputs

History