CF INDUSTRIES HOLDINGS INC (CF) Fundamental Analysis & Valuation

NYSE:CF • US1252691001

Current stock price

122.69 USD
-1.51 (-1.22%)
At close:
122.924 USD
+0.23 (+0.19%)
After Hours:

This CF fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

10

1. CF Profitability Analysis

1.1 Basic Checks

  • In the past year CF was profitable.
  • CF had a positive operating cash flow in the past year.
  • CF had positive earnings in each of the past 5 years.
  • In the past 5 years CF always reported a positive cash flow from operatings.
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

  • With an excellent Return On Assets value of 10.33%, CF belongs to the best of the industry, outperforming 97.56% of the companies in the same industry.
  • CF's Return On Equity of 30.07% is amongst the best of the industry. CF outperforms 97.56% of its industry peers.
  • With an excellent Return On Invested Capital value of 14.76%, CF belongs to the best of the industry, outperforming 96.34% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for CF is significantly above the industry average of 6.49%.
  • The last Return On Invested Capital (14.76%) for CF is above the 3 year average (13.07%), which is a sign of increasing profitability.
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

  • The Profit Margin of CF (20.54%) is better than 100.00% of its industry peers.
  • In the last couple of years the Profit Margin of CF has grown nicely.
  • Looking at the Operating Margin, with a value of 33.53%, CF belongs to the top of the industry, outperforming 96.34% 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 81.71% of the companies in the same industry.
  • In the last couple of years the Gross Margin of CF has grown nicely.
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

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CF is still creating some value.
  • CF has less shares outstanding than it did 1 year ago.
  • CF has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for CF is higher compared to a year ago.
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 2.85 indicates that CF is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • CF's Altman-Z score of 2.85 is fine compared to the rest of the industry. CF outperforms 74.39% 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.
  • Looking at the Debt to FCF ratio, with a value of 1.78, CF belongs to the top of the industry, outperforming 95.12% of the companies in the same industry.
  • A Debt/Equity ratio of 0.66 indicates that CF is somewhat dependend on debt financing.
  • CF has a Debt to Equity ratio (0.66) which is in line with its industry peers.
  • Although CF's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. 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 2.85
ROIC/WACC1.04
WACC14.25%
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

  • A Current Ratio of 3.37 indicates that CF has no problem at all paying its short term obligations.
  • The Current ratio of CF (3.37) is better than 89.02% of its industry peers.
  • A Quick Ratio of 2.93 indicates that CF has no problem at all paying its short term obligations.
  • With an excellent Quick ratio value of 2.93, CF belongs to the best of the industry, outperforming 91.46% of the companies in the same industry.
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

4

3. CF Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 54.03% over the past year.
  • CF shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 45.21% yearly.
  • The Revenue has grown by 19.34% in the past year. This is quite good.
  • The Revenue has been growing by 11.43% on average over the past years. This is quite good.
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

  • Based on estimates for the next years, CF will show a decrease in Earnings Per Share. The EPS will decrease by -1.55% on average per year.
  • CF is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.04% yearly.
EPS Next Y20.99%
EPS Next 2Y-11.19%
EPS Next 3Y-5.07%
EPS Next 5Y-1.55%
Revenue Next Year2.29%
Revenue Next 2Y-0.26%
Revenue Next 3Y-1.06%
Revenue Next 5Y-0.04%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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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8

4. CF Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 12.58, CF is valued correctly.
  • Based on the Price/Earnings ratio, CF is valued cheaper than 87.80% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.64. CF is valued rather cheaply when compared to this.
  • Based on the Price/Forward Earnings ratio of 10.40, the valuation of CF can be described as reasonable.
  • Based on the Price/Forward Earnings ratio, CF is valued cheaper than 90.24% of the companies in the same industry.
  • CF is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.36, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 12.58
Fwd PE 10.4
CF Price Earnings VS Forward Price EarningsCF Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • CF's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. CF is cheaper than 93.90% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, CF is valued cheaper than 89.02% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.46
EV/EBITDA 5.81
CF Per share dataCF EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • CF's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • CF has an outstanding profitability rating, which may justify a higher PE ratio.
  • CF's earnings are expected to decrease with -5.07% in the coming years. This may justify a cheaper valuation.
PEG (NY)0.6
PEG (5Y)0.28
EPS Next 2Y-11.19%
EPS Next 3Y-5.07%

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6

5. CF Dividend Analysis

5.1 Amount

  • CF has a Yearly Dividend Yield of 1.61%. Purely for dividend investing, there may be better candidates out there.
  • CF's Dividend Yield is comparable with the industry average which is at 2.02.
  • CF's Dividend Yield is comparable with the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 1.61%

5.2 History

  • On average, the dividend of CF grows each year by 10.93%, which is quite nice.
  • CF has paid a dividend for at least 10 years, which is 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 Years0
Div Non Decr Years20
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

  • 22.41% of the earnings are spent on dividend by CF. This is a low number and sustainable payout ratio.
DP22.41%
EPS Next 2Y-11.19%
EPS Next 3Y-5.07%
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 (5/1/2026, 8:15:12 PM)

After market: 122.924 +0.23 (+0.19%)

122.69

-1.51 (-1.22%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Industry Strength61.49
Industry Growth80.75
Earnings (Last)02-18
Earnings (Next)05-06
Inst Owners106.59%
Inst Owner Change-0.17%
Ins Owners0.46%
Ins Owner Change-38.48%
Market Cap18.85B
Revenue(TTM)7.08B
Net Income(TTM)1.46B
Analysts54
Price Target121.02 (-1.36%)
Short Float %5.19%
Short Ratio1.54
Dividend
Industry RankSector Rank
Dividend Yield 1.61%
Yearly Dividend2.02
Dividend Growth(5Y)10.93%
DP22.41%
Div Incr Years0
Div Non Decr Years20
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)12.75%
PT rev (3m)28.1%
EPS NQ rev (1m)0.13%
EPS NQ rev (3m)17.71%
EPS NY rev (1m)30.9%
EPS NY rev (3m)61.37%
Revenue NQ rev (1m)0.37%
Revenue NQ rev (3m)6.4%
Revenue NY rev (1m)3.05%
Revenue NY rev (3m)8.86%
Valuation
Industry RankSector Rank
PE 12.58
Fwd PE 10.4
P/S 2.66
P/FCF 10.46
P/OCF 6.85
P/B 3.9
P/tB 10.07
EV/EBITDA 5.81
EPS(TTM)9.75
EY7.95%
EPS(NY)11.8
Fwd EY9.61%
FCF(TTM)11.73
FCFY9.56%
OCF(TTM)17.91
OCFY14.6%
SpS46.11
BVpS31.49
TBVpS12.19
PEG (NY)0.6
PEG (5Y)0.28
Graham Number83.1194 (-32.25%)
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 2.85
F-Score8
WACC14.25%
ROIC/WACC1.04
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 Y20.99%
EPS Next 2Y-11.19%
EPS Next 3Y-5.07%
EPS Next 5Y-1.55%
Revenue 1Y (TTM)19.34%
Revenue growth 3Y-14.12%
Revenue growth 5Y11.43%
Sales Q2Q%22.83%
Revenue Next Year2.29%
Revenue Next 2Y-0.26%
Revenue Next 3Y-1.06%
Revenue Next 5Y-0.04%
EBIT growth 1Y38.81%
EBIT growth 3Y-25.18%
EBIT growth 5Y30.18%
EBIT Next Year37.41%
EBIT Next 3Y4.84%
EBIT Next 5Y2.81%
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 Fundamental Analysis 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 8 / 10 to CF INDUSTRIES HOLDINGS INC (CF). This can be considered as Undervalued.


Can you provide the profitability details for CF INDUSTRIES HOLDINGS INC?

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


Can you provide the PE and PB ratios for CF stock?

The Price/Earnings (PE) ratio for CF INDUSTRIES HOLDINGS INC (CF) is 12.58 and the Price/Book (PB) ratio is 3.9.


How sustainable is the dividend of CF INDUSTRIES HOLDINGS INC (CF) stock?

The dividend rating of CF INDUSTRIES HOLDINGS INC (CF) is 6 / 10 and the dividend payout ratio is 22.41%.