CF INDUSTRIES HOLDINGS INC (CF) Fundamental Analysis & Valuation

NYSE:CF • US1252691001

104.71 USD
-1.59 (-1.5%)
At close: Mar 4, 2026
103.21 USD
-1.5 (-1.43%)
After Hours: 3/4/2026, 5:59:20 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

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

Fundamental Rating

8

CF gets a fundamental rating of 8 out of 10. The analysis compared the fundamentals against 83 industry peers in the Chemicals industry. CF gets an excellent profitability rating and is at the same time showing great financial health properties. CF is valued quite cheap, while showing a decent growth score. This is a good combination! With these ratings, CF could be worth investigating further for value and quality investing!.


Dividend Valuation Growth Profitability Health

10

1. CF Profitability Analysis

1.1 Basic Checks

  • CF had positive earnings in the past year.
  • In the past year CF had a positive cash flow from operations.
  • Each year in the past 5 years CF has been profitable.
  • 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

  • The Return On Assets of CF (10.33%) is better than 97.59% of its industry peers.
  • With an excellent Return On Equity value of 30.07%, CF belongs to the best of the industry, outperforming 97.59% of the companies in the same industry.
  • CF has a Return On Invested Capital of 14.76%. This is amongst the best in the industry. CF outperforms 96.39% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for CF is significantly above the industry average of 6.36%.
  • 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

  • CF's Profit Margin of 20.54% is amongst the best of the industry. CF outperforms 100.00% of its industry peers.
  • CF's Profit Margin has improved in the last couple of years.
  • CF's Operating Margin of 33.53% is amongst the best of the industry. CF outperforms 96.39% of its industry peers.
  • CF's Operating Margin has improved in the last couple of years.
  • The Gross Margin of CF (38.45%) is better than 80.72% of its industry peers.
  • 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.
  • Compared to 1 year ago, CF has less shares outstanding
  • CF has less shares outstanding than it did 5 years ago.
  • 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 2.70 indicates that CF is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • The Altman-Z score of CF (2.70) is better than 77.11% of its industry peers.
  • The Debt to FCF ratio of CF is 1.78, which is an excellent value as it means it would take CF, only 1.78 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of CF (1.78) is better than 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.
  • Even though the debt/equity ratio score it not favorable for CF, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF 1.78
Altman-Z 2.7
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 has a better Current ratio (3.37) than 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's Quick ratio of 2.93 is amongst the best of the industry. CF outperforms 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
  • Looking at the last year, CF shows a quite strong growth in Revenue. The Revenue has grown by 19.34% in the last year.
  • 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

  • CF is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -2.49% yearly.
  • The Revenue is expected to grow by 0.76% on average over the next years.
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.
  • 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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7

4. CF Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 10.74, which indicates a very decent valuation of CF.
  • Compared to the rest of the industry, the Price/Earnings ratio of CF indicates a rather cheap valuation: CF is cheaper than 91.57% of the companies listed in the same industry.
  • 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 14.02, CF is valued correctly.
  • Based on the Price/Forward Earnings ratio, CF is valued a bit cheaper than 68.67% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of CF to the average of the S&P500 Index (25.11), we can say CF is valued slightly cheaper.
Industry RankSector Rank
PE 10.74
Fwd PE 14.02
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 95.18% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, CF is valued cheaper than 91.57% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.06
EV/EBITDA 5.12
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 has an outstanding profitability rating, which 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)0.24
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%.
  • Compared to an average industry Dividend Yield of 2.19, CF pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, CF has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.06%

5.2 History

  • The dividend of CF is nicely growing with an annual growth rate of 10.93%!
  • CF has paid a dividend for at least 10 years, which is a reliable track record.
  • CF has not decreased their dividend for at least 10 years, which is a reliable track record.
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 (3/4/2026, 5:59:20 PM)

After market: 103.21 -1.5 (-1.43%)

104.71

-1.59 (-1.5%)

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 Cap16.33B
Revenue(TTM)7.08B
Net Income(TTM)1.46B
Analysts69.66
Price Target98.25 (-6.17%)
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 10.74
Fwd PE 14.02
P/S 2.31
P/FCF 9.06
P/OCF 5.93
P/B 3.38
P/tB 8.72
EV/EBITDA 5.12
EPS(TTM)9.75
EY9.31%
EPS(NY)7.47
Fwd EY7.13%
FCF(TTM)11.55
FCFY11.03%
OCF(TTM)17.64
OCFY16.85%
SpS45.42
BVpS31.02
TBVpS12
PEG (NY)N/A
PEG (5Y)0.24
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 2.7
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 10.74 and the Price/Book (PB) ratio is 3.38.


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.