CVR ENERGY INC (CVI) Stock Fundamental Analysis
NYSE:CVI - New York Stock Exchange, Inc. - US12662P1084 - Common Stock - Currency: USD
Taking everything into account, CVI scores 4 out of 10 in our fundamental rating. CVI was compared to 210 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 quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year CVI has reported negative net income.
CVI had a positive operating cash flow in the past year.
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
CVI has a Return On Assets of 0.19%. This is in the lower half of the industry: CVI underperforms 71.43% of its industry peers.
The Return On Equity of CVI (1.14%) is worse than 68.47% of its industry peers.
Looking at the Return On Invested Capital, with a value of 1.48%, CVI is doing worse than 76.85% of the companies in the same industry.
CVI had an Average Return On Invested Capital over the past 3 years of 20.33%. This is significantly below the industry average of 28.68%.
The 3 year average ROIC (20.33%) for CVI is well above the current ROIC(1.48%). The reason for the recent decline needs to be investigated.
| 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
The Profit Margin of CVI (0.11%) is worse than 71.92% of its industry peers.
CVI's Profit Margin has declined in the last couple of years.
CVI has a Operating Margin of 0.76%. This is amonst the worse of the industry: CVI underperforms 80.30% of its industry peers.
CVI's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 2.69%, CVI is doing worse than 80.79% of the companies in the same industry.
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.
Compared to 1 year ago, CVI has about the same amount of shares outstanding.
Compared to 5 years ago, CVI has about the same amount of shares outstanding.
CVI has a better debt/assets ratio than last year.
2.2 Solvency
CVI has an Altman-Z score of 2.08. 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.
With a decent Altman-Z score value of 2.08, CVI is doing good in the industry, outperforming 64.04% 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.
Looking at the Debt to FCF ratio, with a value of 11.16, CVI is in line with its industry, outperforming 45.32% of the companies in the same industry.
A Debt/Equity ratio of 2.71 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 2.71, CVI is doing worse than 88.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.71 | ||
| Debt/FCF | 11.16 | ||
| Altman-Z | 2.08 |
ROIC/WACC0.18
WACC8.04%
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 67.98% 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.
CVI has a better Quick ratio (1.20) than 62.56% 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%.
Measured over the past years, CVI shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -55.01% on average per year.
CVI shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -17.69%.
The Revenue has been growing slightly by 3.64% on average over the past years.
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
Based on estimates for the next years, CVI will show a very strong growth in Earnings Per Share. The EPS will grow by 32.74% on average per year.
The Revenue is expected to grow by 3.26% on average over the next years.
EPS Next Y44.79%
EPS Next 2Y117.88%
EPS Next 3Y71.68%
EPS Next 5Y32.74%
Revenue Next Year-1.48%
Revenue Next 2Y3.26%
Revenue Next 3YN/A
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 stable: in the next years the growth will be about the same 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.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for CVI. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CVI is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CVI indicates a somewhat cheap valuation: CVI is cheaper than 66.50% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.35 | ||
| EV/EBITDA | 7.82 |
4.3 Compensation for Growth
CVI's earnings are expected to grow with 71.68% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y117.88%
EPS Next 3Y71.68%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 10.50%, CVI is a good candidate for dividend investing.
CVI's Dividend Yield is rather good when compared to the industry average which is at 6.95. CVI pays more dividend than 89.66% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.30, CVI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.5% |
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
1887.50% of the earnings are spent on dividend by CVI. This is not a sustainable payout ratio.
DP1887.5%
EPS Next 2Y117.88%
EPS Next 3Y71.68%
17.71
-0.71 (-3.85%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners99.65%
Inst Owner Change-5.42%
Ins OwnersN/A
Ins Owner Change0%
Market Cap1.78B
Analysts44.29
Price Target19.99 (12.87%)
Short Float %3.8%
Short Ratio3.07
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.5% |
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)0%
PT rev (3m)2.62%
EPS NQ rev (1m)-37.36%
EPS NQ rev (3m)-221.17%
EPS NY rev (1m)-2633.3%
EPS NY rev (3m)-196.47%
Revenue NQ rev (1m)-5.01%
Revenue NQ rev (3m)-4.13%
Revenue NY rev (1m)-0.21%
Revenue NY rev (3m)0.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 0.23 | ||
| P/FCF | 10.35 | ||
| P/OCF | 4.41 | ||
| P/B | 2.53 | ||
| P/tB | 2.53 | ||
| EV/EBITDA | 7.82 |
EPS(TTM)-0.5
EYN/A
EPS(NY)-0.28
Fwd EYN/A
FCF(TTM)1.71
FCFY9.66%
OCF(TTM)4.02
OCFY22.69%
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
WACC8.04%
ROIC/WACC0.18
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 Y44.79%
EPS Next 2Y117.88%
EPS Next 3Y71.68%
EPS Next 5Y32.74%
Revenue 1Y (TTM)-17.69%
Revenue growth 3Y1.67%
Revenue growth 5Y3.64%
Sales Q2Q%-11.58%
Revenue Next Year-1.48%
Revenue Next 2Y3.26%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-94.84%
EBIT growth 3Y-13.62%
EBIT growth 5Y-36.82%
EBIT Next Year974.9%
EBIT Next 3Y143.2%
EBIT Next 5YN/A
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%