CF Industries Holdings Inc (CF) is undervalued and Mosaic Company (MOS) is overvalued.
Against our estimates of intrinsic value, CF trades at the wider discount: a margin of safety of +68%, against -66% for MOS.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.9% (average of 3 methods) values the shares at $373.46; the price of $120.59 is 68% below that value, and 81% of that value comes from beyond year five.
Leak Score 92/100 on 10 of 12 signals
Discounting its cash flows at 7.8% (average of 2 methods) values the shares at $14.93; the price of $24.73 is 66% above that value, and 80% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
| Metric | CF | MOS |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $120.59 | $24.73 |
| Intrinsic value | $373.46 | $14.93 |
| Margin of safety | +68% | -66% |
| Leak Score | 92/100 (10/12) | 0/100 (2/12) |
| Market cap | $18.2B | $7.9B |
| Revenue growth, 5 years | 11.4% | 6.8% |
| Operating margin | 41.5% | 6.8% |
| Net margin | 27.1% | -5.2% |
| Return on equity | 39.2% | -5.3% |
| Debt to equity | 0.63 | 0.53 |
| P/E | 8.9x | — |
| Forward P/E | 11.1x | 16.9x |
| P/B | 3.2x | 0.7x |
| Dividend yield | 1.8% | 3.5% |