CF INDUSTRIES HOLDINGS INC (CF) Fundamental Analysis & Valuation

NYSE:CF • US1252691001

110.255 USD
+5.55 (+5.3%)
Last: Mar 5, 2026, 01:23 PM
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This CF fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

8

Taking everything into account, CF scores 8 out of 10 in our fundamental rating. CF was compared to 83 industry peers in the Chemicals industry. Both the health and profitability get an excellent rating, making CF a very profitable company, without any liquidiy or solvency issues. CF scores decently on growth, while it is valued quite cheap. This could make an interesting combination. This makes CF very considerable for value and quality investing!


Dividend Valuation Growth Profitability Health

10

1. CF Profitability Analysis

1.1 Basic Checks

  • In the past year CF was profitable.
  • In the past year CF had a positive cash flow from operations.
  • Each year in the past 5 years CF has been profitable.
  • Each year in the past 5 years CF had a positive operating cash flow.
CF Yearly Net Income VS EBIT VS OCF VS FCFCF Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B

1.2 Ratios

  • CF has a better Return On Assets (10.33%) than 97.59% of its industry peers.
  • The Return On Equity of CF (30.07%) is better than 97.59% of its industry peers.
  • With an excellent Return On Invested Capital value of 14.76%, CF belongs to the best of the industry, outperforming 96.39% of the companies in the same industry.
  • CF had an Average Return On Invested Capital over the past 3 years of 13.07%. This is significantly above the industry average of 6.36%.
  • The 3 year average ROIC (13.07%) for CF is below the current ROIC(14.76%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 10.33%
ROE 30.07%
ROIC 14.76%
ROA(3y)9.99%
ROA(5y)12.5%
ROE(3y)27.06%
ROE(5y)35.21%
ROIC(3y)13.07%
ROIC(5y)18.54%
CF Yearly ROA, ROE, ROICCF Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60

1.3 Margins

  • CF's Profit Margin of 20.54% is amongst the best of the industry. CF outperforms 100.00% of its industry peers.
  • In the last couple of years the Profit Margin of CF has grown nicely.
  • With an excellent Operating Margin value of 33.53%, CF belongs to the best of the industry, outperforming 96.39% of the companies in the same industry.
  • CF's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 38.45%, CF belongs to the top of the industry, outperforming 80.72% of the companies in the same industry.
  • CF's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 33.53%
PM (TTM) 20.54%
GM 38.45%
OM growth 3Y-12.88%
OM growth 5Y16.83%
PM growth 3Y-11.78%
PM growth 5Y21.72%
GM growth 3Y-9.8%
GM growth 5Y13.91%
CF Yearly Profit, Operating, Gross MarginsCF Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30 40 50

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8

2. CF Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CF is creating some value.
  • CF has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, CF has less shares outstanding
  • Compared to 1 year ago, CF has a worse debt to assets ratio.
CF Yearly Shares OutstandingCF Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
CF Yearly Total Debt VS Total AssetsCF Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.2 Solvency

  • An Altman-Z score of 2.68 indicates that CF is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • CF has a better Altman-Z score (2.68) than 75.90% of its industry peers.
  • CF has a debt to FCF ratio of 1.78. This is a very positive value and a sign of high solvency as it would only need 1.78 years to pay back of all of its debts.
  • CF has a Debt to FCF ratio of 1.78. This is amongst the best in the industry. CF outperforms 91.57% of its industry peers.
  • A Debt/Equity ratio of 0.66 indicates that CF is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.66, CF perfoms like the industry average, outperforming 51.81% of the companies in the same industry.
  • Although CF does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF 1.78
Altman-Z 2.68
ROIC/WACC1.07
WACC13.75%
CF Yearly LT Debt VS Equity VS FCFCF Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B

2.3 Liquidity

  • CF has a Current Ratio of 3.37. This indicates that CF is financially healthy and has no problem in meeting its short term obligations.
  • CF's Current ratio of 3.37 is amongst the best of the industry. CF outperforms 84.34% of its industry peers.
  • CF has a Quick Ratio of 2.93. This indicates that CF is financially healthy and has no problem in meeting its short term obligations.
  • CF has a better Quick ratio (2.93) than 90.36% of its industry peers.
Industry RankSector Rank
Current Ratio 3.37
Quick Ratio 2.93
CF Yearly Current Assets VS Current LiabilitesCF Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. CF Growth Analysis

3.1 Past

  • CF shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 54.03%, which is quite impressive.
  • The Earnings Per Share has been growing by 45.21% on average over the past years. This is a very strong growth
  • The Revenue has grown by 19.34% in the past year. This is quite good.
  • Measured over the past years, CF shows a quite strong growth in Revenue. The Revenue has been growing by 11.43% on average per year.
EPS 1Y (TTM)54.03%
EPS 3Y-16.83%
EPS 5Y45.21%
EPS Q2Q%78.77%
Revenue 1Y (TTM)19.34%
Revenue growth 3Y-14.12%
Revenue growth 5Y11.43%
Sales Q2Q%22.83%

3.2 Future

  • CF is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -2.49% yearly.
  • Based on estimates for the next years, CF will show a small growth in Revenue. The Revenue will grow by 0.76% on average per year.
EPS Next Y-23.41%
EPS Next 2Y-20.12%
EPS Next 3Y-10.5%
EPS Next 5Y-2.49%
Revenue Next Year-5.59%
Revenue Next 2Y-5.07%
Revenue Next 3Y-2.78%
Revenue Next 5Y0.76%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
CF Yearly Revenue VS EstimatesCF Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B 8B 10B
CF Yearly EPS VS EstimatesCF Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 0 5 10 15

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7

4. CF Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 11.31 indicates a reasonable valuation of CF.
  • Based on the Price/Earnings ratio, CF is valued cheaply inside the industry as 91.57% of the companies are valued more expensively.
  • CF's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.03.
  • With a Price/Forward Earnings ratio of 14.76, CF is valued correctly.
  • CF's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. CF is cheaper than 68.67% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 25.11. CF is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 11.31
Fwd PE 14.76
CF Price Earnings VS Forward Price EarningsCF Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, CF is valued cheaply inside the industry as 96.39% of the companies are valued more expensively.
  • CF's Price/Free Cash Flow ratio is rather cheap when compared to the industry. CF is cheaper than 91.57% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.54
EV/EBITDA 5.04
CF Per share dataCF EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • The excellent profitability rating of CF may justify a higher PE ratio.
  • CF's earnings are expected to decrease with -10.50% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.25
EPS Next 2Y-20.12%
EPS Next 3Y-10.5%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. CF Dividend Analysis

5.1 Amount

  • CF has a Yearly Dividend Yield of 2.06%. Purely for dividend investing, there may be better candidates out there.
  • CF's Dividend Yield is a higher than the industry average which is at 2.19.
  • CF's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.06%

5.2 History

  • On average, the dividend of CF grows each year by 10.93%, which is quite nice.
  • CF has been paying a dividend for at least 10 years, so it has a reliable track record.
  • CF has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)10.93%
Div Incr Years3
Div Non Decr Years19
CF Yearly Dividends per shareCF Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • CF pays out 22.41% of its income as dividend. This is a sustainable payout ratio.
DP22.41%
EPS Next 2Y-20.12%
EPS Next 3Y-10.5%
CF Yearly Income VS Free CF VS DividendCF Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B 3B
CF Dividend Payout.CF Dividend Payout, showing the Payout Ratio.CF Dividend Payout.PayoutRetained Earnings

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CF Fundamentals: All Metrics, Ratios and Statistics

CF INDUSTRIES HOLDINGS INC

NYSE:CF (3/5/2026, 1:23:09 PM)

110.255

+5.55 (+5.3%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)02-18
Earnings (Next)05-06
Inst Owners105.73%
Inst Owner Change0.5%
Ins Owners0.74%
Ins Owner Change-4.45%
Market Cap17.20B
Revenue(TTM)7.08B
Net Income(TTM)1.46B
Analysts69.66
Price Target98.25 (-10.89%)
Short Float %7.32%
Short Ratio4.63
Dividend
Industry RankSector Rank
Dividend Yield 2.06%
Yearly Dividend2.02
Dividend Growth(5Y)10.93%
DP22.41%
Div Incr Years3
Div Non Decr Years19
Ex-Date02-13
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.83%
Min EPS beat(2)0.72%
Max EPS beat(2)24.94%
EPS beat(4)3
Avg EPS beat(4)10.98%
Min EPS beat(4)-10.26%
Max EPS beat(4)28.54%
EPS beat(8)6
Avg EPS beat(8)5.77%
EPS beat(12)9
Avg EPS beat(12)6.79%
EPS beat(16)9
Avg EPS beat(16)2.36%
Revenue beat(2)1
Avg Revenue beat(2)-0.14%
Min Revenue beat(2)-2.35%
Max Revenue beat(2)2.07%
Revenue beat(4)3
Avg Revenue beat(4)1.97%
Min Revenue beat(4)-2.35%
Max Revenue beat(4)5.52%
Revenue beat(8)4
Avg Revenue beat(8)0.83%
Revenue beat(12)6
Avg Revenue beat(12)0.48%
Revenue beat(16)7
Avg Revenue beat(16)-0.45%
PT rev (1m)4%
PT rev (3m)1.89%
EPS NQ rev (1m)12.79%
EPS NQ rev (3m)11.65%
EPS NY rev (1m)2.16%
EPS NY rev (3m)4.7%
Revenue NQ rev (1m)2.32%
Revenue NQ rev (3m)0.11%
Revenue NY rev (1m)0.43%
Revenue NY rev (3m)1.45%
Valuation
Industry RankSector Rank
PE 11.31
Fwd PE 14.76
P/S 2.43
P/FCF 9.54
P/OCF 6.25
P/B 3.55
P/tB 9.19
EV/EBITDA 5.04
EPS(TTM)9.75
EY8.84%
EPS(NY)7.47
Fwd EY6.77%
FCF(TTM)11.55
FCFY10.48%
OCF(TTM)17.64
OCFY16%
SpS45.42
BVpS31.02
TBVpS12
PEG (NY)N/A
PEG (5Y)0.25
Graham Number82.49
Profitability
Industry RankSector Rank
ROA 10.33%
ROE 30.07%
ROCE 17.99%
ROIC 14.76%
ROICexc 17.37%
ROICexgc 23.62%
OM 33.53%
PM (TTM) 20.54%
GM 38.45%
FCFM 25.44%
ROA(3y)9.99%
ROA(5y)12.5%
ROE(3y)27.06%
ROE(5y)35.21%
ROIC(3y)13.07%
ROIC(5y)18.54%
ROICexc(3y)15.27%
ROICexc(5y)22.16%
ROICexgc(3y)20.8%
ROICexgc(5y)29.06%
ROCE(3y)15.93%
ROCE(5y)22.59%
ROICexgc growth 3Y-26.29%
ROICexgc growth 5Y29.23%
ROICexc growth 3Y-28.01%
ROICexc growth 5Y28.31%
OM growth 3Y-12.88%
OM growth 5Y16.83%
PM growth 3Y-11.78%
PM growth 5Y21.72%
GM growth 3Y-9.8%
GM growth 5Y13.91%
F-Score8
Asset Turnover0.5
Health
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF 1.78
Debt/EBITDA 0.98
Cap/Depr 105.79%
Cap/Sales 13.41%
Interest Coverage 17.34
Cash Conversion 84.08%
Profit Quality 123.85%
Current Ratio 3.37
Quick Ratio 2.93
Altman-Z 2.68
F-Score8
WACC13.75%
ROIC/WACC1.07
Cap/Depr(3y)73.07%
Cap/Depr(5y)66.08%
Cap/Sales(3y)9.89%
Cap/Sales(5y)8.31%
Profit Quality(3y)138.61%
Profit Quality(5y)154.95%
High Growth Momentum
Growth
EPS 1Y (TTM)54.03%
EPS 3Y-16.83%
EPS 5Y45.21%
EPS Q2Q%78.77%
EPS Next Y-23.41%
EPS Next 2Y-20.12%
EPS Next 3Y-10.5%
EPS Next 5Y-2.49%
Revenue 1Y (TTM)19.34%
Revenue growth 3Y-14.12%
Revenue growth 5Y11.43%
Sales Q2Q%22.83%
Revenue Next Year-5.59%
Revenue Next 2Y-5.07%
Revenue Next 3Y-2.78%
Revenue Next 5Y0.76%
EBIT growth 1Y38.81%
EBIT growth 3Y-25.18%
EBIT growth 5Y30.18%
EBIT Next Year14.97%
EBIT Next 3Y1.21%
EBIT Next 5Y3.5%
FCF growth 1Y2.8%
FCF growth 3Y-19.09%
FCF growth 5Y14.34%
OCF growth 1Y21.18%
OCF growth 3Y-10.63%
OCF growth 5Y17.46%

CF INDUSTRIES HOLDINGS INC / CF FAQ

What is the ChartMill fundamental rating of CF INDUSTRIES HOLDINGS INC (CF) stock?

ChartMill assigns a fundamental rating of 8 / 10 to CF.


What is the valuation status of CF INDUSTRIES HOLDINGS INC (CF) stock?

ChartMill assigns a valuation rating of 7 / 10 to CF INDUSTRIES HOLDINGS INC (CF). This can be considered as Undervalued.


How profitable is CF INDUSTRIES HOLDINGS INC (CF) stock?

CF INDUSTRIES HOLDINGS INC (CF) has a profitability rating of 10 / 10.


What are the PE and PB ratios of CF INDUSTRIES HOLDINGS INC (CF) stock?

The Price/Earnings (PE) ratio for CF INDUSTRIES HOLDINGS INC (CF) is 11.31 and the Price/Book (PB) ratio is 3.55.


Can you provide the expected EPS growth for CF stock?

The Earnings per Share (EPS) of CF INDUSTRIES HOLDINGS INC (CF) is expected to decline by -23.41% in the next year.