CVR ENERGY INC (CVI) Stock Fundamental Analysis
NYSE:CVI - New York Stock Exchange, Inc. - US12662P1084 - Common Stock - Currency: USD
CVI gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 212 industry peers in the Oil, Gas & Consumable Fuels industry. While CVI seems to be doing ok healthwise, there are quite some concerns on its profitability. CVI is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
CVI had negative earnings in the past year.
In the past year CVI had a positive cash flow from operations.
Of the past 5 years CVI 4 years were profitable.
CVI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CVI's Return On Assets of 0.19% is on the low side compared to the rest of the industry. CVI is outperformed by 68.87% of its industry peers.
CVI's Return On Equity of 1.14% is on the low side compared to the rest of the industry. CVI is outperformed by 65.57% of its industry peers.
CVI has a Return On Invested Capital of 1.48%. This is in the lower half of the industry: CVI underperforms 73.58% of its industry peers.
CVI had an Average Return On Invested Capital over the past 3 years of 20.33%. This is significantly below the industry average of 27.42%.
The last Return On Invested Capital (1.48%) for CVI is well below the 3 year average (20.33%), which needs to be investigated, but indicates that CVI had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.19% | ||
| ROE | 1.14% | ||
| ROIC | 1.48% |
ROA(3y)9.25%
ROA(5y)4.39%
ROE(3y)59.66%
ROE(5y)31.68%
ROIC(3y)20.33%
ROIC(5y)N/A
1.3 Margins
With a Profit Margin value of 0.11%, CVI is not doing good in the industry: 69.81% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of CVI has declined.
CVI has a Operating Margin of 0.76%. This is in the lower half of the industry: CVI underperforms 76.42% of its industry peers.
In the last couple of years the Operating Margin of CVI has declined.
The Gross Margin of CVI (2.69%) is worse than 79.72% of its industry peers.
CVI's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 0.76% | ||
| PM (TTM) | 0.11% | ||
| GM | 2.69% |
OM growth 3Y-15.04%
OM growth 5Y-39.04%
PM growth 3Y-35.65%
PM growth 5Y-56.6%
GM growth 3Y-3.63%
GM growth 5Y-29.44%
2. Health
2.1 Basic Checks
CVI has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
CVI has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for CVI remains at a similar level compared to 5 years ago.
The debt/assets ratio for CVI has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.08 indicates that CVI is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.08, CVI is in the better half of the industry, outperforming 71.70% of the companies in the same industry.
CVI has a debt to FCF ratio of 11.16. This is a negative value and a sign of low solvency as CVI would need 11.16 years to pay back of all of its debts.
CVI has a Debt to FCF ratio (11.16) which is comparable to the rest of the industry.
CVI has a Debt/Equity ratio of 2.71. This is a high value indicating a heavy dependency on external financing.
CVI has a worse Debt to Equity ratio (2.71) than 86.79% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.71 | ||
| Debt/FCF | 11.16 | ||
| Altman-Z | 2.08 |
ROIC/WACC0.15
WACC9.78%
2.3 Liquidity
A Current Ratio of 1.66 indicates that CVI should not have too much problems paying its short term obligations.
CVI's Current ratio of 1.66 is fine compared to the rest of the industry. CVI outperforms 71.23% of its industry peers.
CVI has a Quick Ratio of 1.20. This is a normal value and indicates that CVI is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of CVI (1.20) is better than 64.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.66 | ||
| Quick Ratio | 1.2 |
3. Growth
3.1 Past
CVI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -108.88%.
CVI shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -55.01% yearly.
CVI shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -17.69%.
Measured over the past years, CVI shows a small growth in Revenue. The Revenue has been growing by 3.64% on average per year.
EPS 1Y (TTM)-108.88%
EPS 3Y-34.57%
EPS 5Y-55.01%
EPS Q2Q%-120%
Revenue 1Y (TTM)-17.69%
Revenue growth 3Y1.67%
Revenue growth 5Y3.64%
Sales Q2Q%-11.58%
3.2 Future
The Earnings Per Share is expected to grow by 47.79% on average over the next years. This is a very strong growth
The Revenue is expected to decrease by -1.45% on average over the next years.
EPS Next Y34.55%
EPS Next 2Y119.82%
EPS Next 3Y87.82%
EPS Next 5Y47.79%
Revenue Next Year-7.67%
Revenue Next 2Y1.08%
Revenue Next 3Y-1.45%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
CVI reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year CVI is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
CVI's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, CVI is valued a bit cheaper than the industry average as 67.92% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.75 | ||
| EV/EBITDA | 7.81 |
4.3 Compensation for Growth
A more expensive valuation may be justified as CVI's earnings are expected to grow with 87.82% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y119.82%
EPS Next 3Y87.82%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 11.91%, CVI is a good candidate for dividend investing.
CVI's Dividend Yield is rather good when compared to the industry average which is at 7.82. CVI pays more dividend than 89.62% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.57, CVI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.91% |
5.2 History
The dividend of CVI decreases each year by -13.18%.
CVI has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-13.18%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
CVI pays out 1887.50% of its income as dividend. This is not a sustainable payout ratio.
DP1887.5%
EPS Next 2Y119.82%
EPS Next 3Y87.82%
18.39
+0.43 (+2.39%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners99.65%
Inst Owner Change0%
Ins OwnersN/A
Ins Owner Change0%
Market Cap1.85B
Analysts47.14
Price Target20.4 (10.93%)
Short Float %3.64%
Short Ratio3.56
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.91% |
Yearly Dividend1.5
Dividend Growth(5Y)-13.18%
DP1887.5%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-199.08%
Min EPS beat(2)-477.59%
Max EPS beat(2)79.43%
EPS beat(4)2
Avg EPS beat(4)-83.71%
Min EPS beat(4)-477.59%
Max EPS beat(4)141.31%
EPS beat(8)5
Avg EPS beat(8)-21.82%
EPS beat(12)7
Avg EPS beat(12)-14.75%
EPS beat(16)8
Avg EPS beat(16)-61.3%
Revenue beat(2)1
Avg Revenue beat(2)-1.22%
Min Revenue beat(2)-4.98%
Max Revenue beat(2)2.53%
Revenue beat(4)2
Avg Revenue beat(4)0.02%
Min Revenue beat(4)-5.91%
Max Revenue beat(4)8.43%
Revenue beat(8)4
Avg Revenue beat(8)0.55%
Revenue beat(12)8
Avg Revenue beat(12)7.03%
Revenue beat(16)12
Avg Revenue beat(16)9.67%
PT rev (1m)-1.23%
PT rev (3m)2.04%
EPS NQ rev (1m)-26.47%
EPS NQ rev (3m)-293.9%
EPS NY rev (1m)-18.54%
EPS NY rev (3m)-203.56%
Revenue NQ rev (1m)-14.99%
Revenue NQ rev (3m)-18.51%
Revenue NY rev (1m)-7.56%
Revenue NY rev (3m)-6.48%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 0.24 | ||
| P/FCF | 10.75 | ||
| P/OCF | 4.58 | ||
| P/B | 2.63 | ||
| P/tB | 2.63 | ||
| EV/EBITDA | 7.81 |
EPS(TTM)-0.5
EYN/A
EPS(NY)-0.33
Fwd EYN/A
FCF(TTM)1.71
FCFY9.3%
OCF(TTM)4.02
OCFY21.85%
SpS75.7
BVpS6.99
TBVpS6.99
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.19% | ||
| ROE | 1.14% | ||
| ROCE | 1.83% | ||
| ROIC | 1.48% | ||
| ROICexc | 2.15% | ||
| ROICexgc | 2.15% | ||
| OM | 0.76% | ||
| PM (TTM) | 0.11% | ||
| GM | 2.69% | ||
| FCFM | 2.26% |
ROA(3y)9.25%
ROA(5y)4.39%
ROE(3y)59.66%
ROE(5y)31.68%
ROIC(3y)20.33%
ROIC(5y)N/A
ROICexc(3y)25.24%
ROICexc(5y)N/A
ROICexgc(3y)25.24%
ROICexgc(5y)N/A
ROCE(3y)25.12%
ROCE(5y)N/A
ROICexcg growth 3Y-12.81%
ROICexcg growth 5Y-34.25%
ROICexc growth 3Y-12.81%
ROICexc growth 5Y-34.25%
OM growth 3Y-15.04%
OM growth 5Y-39.04%
PM growth 3Y-35.65%
PM growth 5Y-56.6%
GM growth 3Y-3.63%
GM growth 5Y-29.44%
F-Score4
Asset Turnover1.79
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.71 | ||
| Debt/FCF | 11.16 | ||
| Debt/EBITDA | 5.36 | ||
| Cap/Depr | 77.85% | ||
| Cap/Sales | 3.05% | ||
| Interest Coverage | 0.52 | ||
| Cash Conversion | 113.48% | ||
| Profit Quality | 2150% | ||
| Current Ratio | 1.66 | ||
| Quick Ratio | 1.2 | ||
| Altman-Z | 2.08 |
F-Score4
WACC9.78%
ROIC/WACC0.15
Cap/Depr(3y)86.97%
Cap/Depr(5y)88.96%
Cap/Sales(3y)2.8%
Cap/Sales(5y)3.75%
Profit Quality(3y)898.68%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-108.88%
EPS 3Y-34.57%
EPS 5Y-55.01%
EPS Q2Q%-120%
EPS Next Y34.55%
EPS Next 2Y119.82%
EPS Next 3Y87.82%
EPS Next 5Y47.79%
Revenue 1Y (TTM)-17.69%
Revenue growth 3Y1.67%
Revenue growth 5Y3.64%
Sales Q2Q%-11.58%
Revenue Next Year-7.67%
Revenue Next 2Y1.08%
Revenue Next 3Y-1.45%
Revenue Next 5YN/A
EBIT growth 1Y-94.84%
EBIT growth 3Y-13.62%
EBIT growth 5Y-36.82%
EBIT Next Year924.08%
EBIT Next 3Y154.25%
EBIT Next 5Y99.22%
FCF growth 1Y-74.93%
FCF growth 3Y0.99%
FCF growth 5Y-21.8%
OCF growth 1Y-57.38%
OCF growth 3Y0.67%
OCF growth 5Y-11.57%