CVR ENERGY INC (CVI)
US12662P1084 - Common Stock
We assign a fundamental rating of 3 out of 10 to CVI. CVI was compared to 205 industry peers in the Oil, Gas & Consumable Fuels industry. While CVI is still in line with the averages on profitability rating, there are concerns on its financial health. CVI has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
CVI had positive earnings in the past year.
In the past year CVI had a positive cash flow from operations.
CVI had positive earnings in 4 of the past 5 years.
CVI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of CVI (1.81%) is worse than 70.10% of its industry peers.
The Return On Equity of CVI (10.37%) is comparable to the rest of the industry.
CVI has a Return On Invested Capital of 4.63%. This is in the lower half of the industry: CVI underperforms 65.20% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CVI is significantly below the industry average of 29.03%.
The last Return On Invested Capital (4.63%) for CVI is well below the 3 year average (20.65%), which needs to be investigated, but indicates that CVI had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.81% | ||
| ROE | 10.37% | ||
| ROIC | 4.63% |
ROA(3y)9.41%
ROA(5y)6.3%
ROE(3y)60.84%
ROE(5y)36.93%
ROIC(3y)20.65%
ROIC(5y)N/A
1.3 Margins
With a Profit Margin value of 0.89%, CVI is not doing good in the industry: 74.02% of the companies in the same industry are doing better.
CVI's Profit Margin has improved in the last couple of years.
The Operating Margin of CVI (2.06%) is worse than 80.39% of its industry peers.
In the last couple of years the Operating Margin of CVI has grown nicely.
CVI's Gross Margin of 3.89% is on the low side compared to the rest of the industry. CVI is outperformed by 80.88% of its industry peers.
In the last couple of years the Gross Margin of CVI has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.06% | ||
| PM (TTM) | 0.89% | ||
| GM | 3.89% |
OM growth 3YN/A
OM growth 5Y10.01%
PM growth 3YN/A
PM growth 5Y18%
GM growth 3Y89.9%
GM growth 5Y1.2%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), CVI is creating value.
The number of shares outstanding for CVI remains at a similar level compared to 1 year ago.
CVI has about the same amout of shares outstanding than it did 5 years ago.
The debt/assets ratio for CVI is higher compared to a year ago.
2.2 Solvency
CVI has an Altman-Z score of 2.32. This is not the best score and indicates that CVI is in the grey zone with still only limited risk for bankruptcy at the moment.
CVI has a better Altman-Z score (2.32) than 68.14% of its industry peers.
CVI has a debt to FCF ratio of 38.59. This is a negative value and a sign of low solvency as CVI would need 38.59 years to pay back of all of its debts.
With a Debt to FCF ratio value of 38.59, CVI is not doing good in the industry: 63.73% of the companies in the same industry are doing better.
A Debt/Equity ratio of 2.33 is on the high side and indicates that CVI has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 2.33, CVI is doing worse than 87.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.33 | ||
| Debt/FCF | 38.59 | ||
| Altman-Z | 2.32 |
ROIC/WACC0.6
WACC7.75%
2.3 Liquidity
CVI has a Current Ratio of 1.33. This is a normal value and indicates that CVI is financially healthy and should not expect problems in meeting its short term obligations.
CVI has a Current ratio of 1.33. This is comparable to the rest of the industry: CVI outperforms 56.86% of its industry peers.
CVI has a Quick Ratio of 1.33. This is a bad value and indicates that CVI is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.86, CVI is doing worse than 62.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.33 | ||
| Quick Ratio | 0.86 |
3. Growth
3.1 Past
The earnings per share for CVI have decreased strongly by -95.80% in the last year.
Measured over the past years, CVI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 15.92% on average per year.
The Revenue for CVI has decreased by -19.12% in the past year. This is quite bad
The Revenue has been growing slightly by 5.36% on average over the past years.
EPS 1Y (TTM)-95.8%
EPS 3YN/A
EPS 5Y15.92%
EPS Q2Q%-126.46%
Revenue 1Y (TTM)-19.12%
Revenue growth 3Y33.01%
Revenue growth 5Y5.36%
Sales Q2Q%-27.32%
3.2 Future
Based on estimates for the next years, CVI will show a very negative growth in Earnings Per Share. The EPS will decrease by -34.94% on average per year.
The Revenue is expected to decrease by -4.64% on average over the next years.
EPS Next Y-113.72%
EPS Next 2Y-76.31%
EPS Next 3Y-36.39%
EPS Next 5Y-34.94%
Revenue Next Year-18.43%
Revenue Next 2Y-10.29%
Revenue Next 3Y-4.64%
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 decreasing.
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
Based on the Price/Earnings ratio of 64.86, the valuation of CVI can be described as expensive.
Based on the Price/Earnings ratio, CVI is valued a bit more expensive than the industry average as 74.51% of the companies are valued more cheaply.
The average S&P500 Price/Earnings ratio is at 27.54. CVI is valued rather expensively when compared to this.
Based on the Price/Forward Earnings ratio of 57.47, the valuation of CVI can be described as expensive.
Based on the Price/Forward Earnings ratio, CVI is valued a bit more expensive than 72.55% of the companies in the same industry.
CVI's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 23.99.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 64.86 | ||
| Fwd PE | 57.47 |
4.2 Price Multiples
CVI's Enterprise Value to EBITDA ratio is in line with the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as CVI.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 44.53 | ||
| EV/EBITDA | 6.21 |
4.3 Compensation for Growth
CVI's earnings are expected to decrease with -36.39% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)4.07
EPS Next 2Y-76.31%
EPS Next 3Y-36.39%
5. Dividend
5.1 Amount
CVI has a Yearly Dividend Yield of 11.14%, which is a nice return.
In the last 3 months the price of CVI has falen by -21.56%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 7.14, CVI pays a better dividend. On top of this CVI pays more dividend than 89.22% of the companies listed in the same industry.
CVI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.14% |
5.2 History
On average, the dividend of CVI grows each year by 12.14%, which is quite nice.
CVI has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)12.14%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
504.29% of the earnings are spent on dividend by CVI. This is not a sustainable payout ratio.
CVI's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP504.29%
EPS Next 2Y-76.31%
EPS Next 3Y-36.39%
CVR ENERGY INC
NYSE:CVI (12/24/2024, 8:05:29 PM)
After market: 18.11 -0.05 (-0.28%)18.16
+0.08 (+0.44%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners104.13%
Inst Owner Change0.07%
Ins OwnersN/A
Ins Owner Change0%
Market Cap1.83B
Analysts44.29
Price Target19.48 (7.27%)
Short Float %5.52%
Short Ratio3.61
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.14% |
Dividend Growth(5Y)12.14%
DP504.29%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-168.14%
Min EPS beat(2)-477.59%
Max EPS beat(2)141.31%
EPS beat(4)2
Avg EPS beat(4)-80.85%
Min EPS beat(4)-477.59%
Max EPS beat(4)141.31%
EPS beat(8)5
Avg EPS beat(8)-30.25%
EPS beat(12)6
Avg EPS beat(12)-49.91%
EPS beat(16)7
Avg EPS beat(16)-70.14%
Revenue beat(2)1
Avg Revenue beat(2)1.73%
Min Revenue beat(2)-4.98%
Max Revenue beat(2)8.43%
Revenue beat(4)1
Avg Revenue beat(4)-1.46%
Min Revenue beat(4)-5.91%
Max Revenue beat(4)8.43%
Revenue beat(8)4
Avg Revenue beat(8)1.64%
Revenue beat(12)8
Avg Revenue beat(12)7.99%
Revenue beat(16)11
Avg Revenue beat(16)9.08%
PT rev (1m)-15.49%
PT rev (3m)-28.6%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-122.87%
EPS NY rev (1m)-96.15%
EPS NY rev (3m)-208.05%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-8.09%
Revenue NY rev (1m)0.39%
Revenue NY rev (3m)-3.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 64.86 | ||
| Fwd PE | 57.47 | ||
| P/S | 0.23 | ||
| P/FCF | 44.53 | ||
| P/OCF | 6.76 | ||
| P/B | 2.7 | ||
| P/tB | 2.7 | ||
| EV/EBITDA | 6.21 |
EPS(TTM)0.28
EY1.54%
EPS(NY)0.32
Fwd EY1.74%
FCF(TTM)0.41
FCFY2.25%
OCF(TTM)2.69
OCFY14.79%
SpS78.24
BVpS6.71
TBVpS6.71
PEG (NY)N/A
PEG (5Y)4.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.81% | ||
| ROE | 10.37% | ||
| ROCE | 5.74% | ||
| ROIC | 4.63% | ||
| ROICexc | 5.71% | ||
| ROICexgc | 5.71% | ||
| OM | 2.06% | ||
| PM (TTM) | 0.89% | ||
| GM | 3.89% | ||
| FCFM | 0.52% |
ROA(3y)9.41%
ROA(5y)6.3%
ROE(3y)60.84%
ROE(5y)36.93%
ROIC(3y)20.65%
ROIC(5y)N/A
ROICexc(3y)25.52%
ROICexc(5y)N/A
ROICexgc(3y)25.52%
ROICexgc(5y)N/A
ROCE(3y)25.6%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y19.4%
ROICexc growth 3YN/A
ROICexc growth 5Y19.4%
OM growth 3YN/A
OM growth 5Y10.01%
PM growth 3YN/A
PM growth 5Y18%
GM growth 3Y89.9%
GM growth 5Y1.2%
F-Score3
Asset Turnover2.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.33 | ||
| Debt/FCF | 38.59 | ||
| Debt/EBITDA | 3.4 | ||
| Cap/Depr | 76.08% | ||
| Cap/Sales | 2.91% | ||
| Interest Coverage | 1.43 | ||
| Cash Conversion | 58.32% | ||
| Profit Quality | 58.57% | ||
| Current Ratio | 1.33 | ||
| Quick Ratio | 0.86 | ||
| Altman-Z | 2.32 |
F-Score3
WACC7.75%
ROIC/WACC0.6
Cap/Depr(3y)88.38%
Cap/Depr(5y)84.47%
Cap/Sales(3y)2.84%
Cap/Sales(5y)3.64%
Profit Quality(3y)302.29%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-95.8%
EPS 3YN/A
EPS 5Y15.92%
EPS Q2Q%-126.46%
EPS Next Y-113.72%
EPS Next 2Y-76.31%
EPS Next 3Y-36.39%
EPS Next 5Y-34.94%
Revenue 1Y (TTM)-19.12%
Revenue growth 3Y33.01%
Revenue growth 5Y5.36%
Sales Q2Q%-27.32%
Revenue Next Year-18.43%
Revenue Next 2Y-10.29%
Revenue Next 3Y-4.64%
Revenue Next 5YN/A
EBIT growth 1Y-87.01%
EBIT growth 3YN/A
EBIT growth 5Y15.9%
EBIT Next Year-65.91%
EBIT Next 3Y-13.08%
EBIT Next 5Y-9.94%
FCF growth 1Y-93.44%
FCF growth 3YN/A
FCF growth 5Y5.78%
OCF growth 1Y-69.39%
OCF growth 3Y119.21%
OCF growth 5Y8.58%