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ICAHN ENTERPRISES LP (IEP) Stock Fundamental Analysis

NASDAQ:IEP - Nasdaq - US4511001012

9.495  -0.04 (-0.37%)

Fundamental Rating

3

IEP gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 8 industry peers in the Industrial Conglomerates industry. While IEP seems to be doing ok healthwise, there are quite some concerns on its profitability. IEP has a valuation in line with the averages, but on the other hand it scores bad on growth. Finally IEP also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

IEP had negative earnings in the past year.
IEP had a positive operating cash flow in the past year.
In the past 5 years IEP always reported negative net income.
The reported operating cash flow has been mixed in the past 5 years: IEP reported negative operating cash flow in multiple years.
IEP Yearly Net Income VS EBIT VS OCF VS FCFIEP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 1B -1B 2B 3B

1.2 Ratios

The Return On Assets of IEP (-2.73%) is worse than 62.50% of its industry peers.
IEP's Return On Equity of -18.00% is on the low side compared to the rest of the industry. IEP is outperformed by 62.50% of its industry peers.
Industry RankSector Rank
ROA -2.73%
ROE -18%
ROIC N/A
ROA(3y)-2.01%
ROA(5y)-3.38%
ROE(3y)-14.17%
ROE(5y)-22.03%
ROIC(3y)N/A
ROIC(5y)N/A
IEP Yearly ROA, ROE, ROICIEP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40 -40

1.3 Margins

IEP has a worse Gross Margin (8.41%) than 87.50% of its industry peers.
IEP's Gross Margin has declined in the last couple of years.
The Profit Margin and Operating Margin are not available for IEP so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 8.41%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y-16.02%
IEP Yearly Profit, Operating, Gross MarginsIEP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 -10 20 -20 -30

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5

2. Health

2.1 Basic Checks

IEP does not have a ROIC to compare to the WACC, probably because it is not profitable.
IEP has more shares outstanding than it did 1 year ago.
IEP has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, IEP has a worse debt to assets ratio.
IEP Yearly Shares OutstandingIEP Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M
IEP Yearly Total Debt VS Total AssetsIEP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 10B 20B 30B

2.2 Solvency

IEP has a debt to FCF ratio of 15.76. This is a negative value and a sign of low solvency as IEP would need 15.76 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 15.76, IEP is doing good in the industry, outperforming 75.00% of the companies in the same industry.
A Debt/Equity ratio of 2.44 is on the high side and indicates that IEP has dependencies on debt financing.
With a decent Debt to Equity ratio value of 2.44, IEP is doing good in the industry, outperforming 62.50% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 2.44
Debt/FCF 15.76
Altman-Z N/A
ROIC/WACCN/A
WACC6.53%
IEP Yearly LT Debt VS Equity VS FCFIEP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5B 10B

2.3 Liquidity

A Current Ratio of 3.06 indicates that IEP has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 3.06, IEP belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
A Quick Ratio of 2.69 indicates that IEP has no problem at all paying its short term obligations.
IEP has a Quick ratio of 2.69. This is amongst the best in the industry. IEP outperforms 100.00% of its industry peers.
Industry RankSector Rank
Current Ratio 3.06
Quick Ratio 2.69
IEP Yearly Current Assets VS Current LiabilitesIEP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 5B 10B

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1

3. Growth

3.1 Past

IEP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 23.78%, which is quite impressive.
The Revenue for IEP has decreased by -10.56% in the past year. This is quite bad
IEP shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -2.31% yearly.
EPS 1Y (TTM)23.78%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%600%
Revenue 1Y (TTM)-10.56%
Revenue growth 3Y19.62%
Revenue growth 5Y-2.31%
Sales Q2Q%-25.74%

3.2 Future

Based on estimates for the next years, IEP will show a very strong growth in Earnings Per Share. The EPS will grow by 63.98% on average per year.
Based on estimates for the next years, IEP will show a very negative growth in Revenue. The Revenue will decrease by -10.25% on average per year.
EPS Next Y52.61%
EPS Next 2Y63.98%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-15.69%
Revenue Next 2Y-10.25%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

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.
IEP Yearly Revenue VS EstimatesIEP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B
IEP Yearly EPS VS EstimatesIEP Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10

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6

4. Valuation

4.1 Price/Earnings Ratio

IEP reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
A Price/Forward Earnings ratio of 11.78 indicates a reasonable valuation of IEP.
Compared to the rest of the industry, the Price/Forward Earnings ratio of IEP indicates a rather cheap valuation: IEP is cheaper than 100.00% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 24.44. IEP is valued rather cheaply when compared to this.
Industry RankSector Rank
PE N/A
Fwd PE 11.78
IEP Price Earnings VS Forward Price EarningsIEP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, IEP is valued cheaper than 87.50% of the companies in the same industry.
Industry RankSector Rank
P/FCF 11.7
EV/EBITDA N/A
IEP Per share dataIEP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
IEP's earnings are expected to grow with 63.98% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y63.98%
EPS Next 3YN/A

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7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 21.16%, IEP is a good candidate for dividend investing.
In the last 3 months the price of IEP has falen by -37.83%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
IEP's Dividend Yield is rather good when compared to the industry average which is at 5.52. IEP pays more dividend than 100.00% of the companies in the same industry.
IEP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.28.
Industry RankSector Rank
Dividend Yield 21.16%

5.2 History

The dividend of IEP is nicely growing with an annual growth rate of 8.09%!
IEP has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)8.09%
Div Incr Years0
Div Non Decr Years0
IEP Yearly Dividends per shareIEP Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6

5.3 Sustainability

The earnings of IEP are negative and hence is the payout ratio. IEP will probably not be able to sustain this dividend level.
The dividend of IEP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-90.97%
EPS Next 2Y63.98%
EPS Next 3YN/A
IEP Yearly Income VS Free CF VS DividendIEP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 1B -1B 2B 3B

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ICAHN ENTERPRISES LP

NASDAQ:IEP (1/22/2025, 11:48:35 AM)

9.495

-0.04 (-0.37%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryIndustrial Conglomerates
Earnings (Last)11-08 2024-11-08/bmo
Earnings (Next)N/A N/A
Inst Owners91.96%
Inst Owner Change0.01%
Ins Owners0.09%
Ins Owner Change-9.34%
Market Cap4.79B
Analysts84
Price Target15.3 (61.14%)
Short Float %2.38%
Short Ratio10
Dividend
Industry RankSector Rank
Dividend Yield 21.16%
Yearly Dividend0.78
Dividend Growth(5Y)8.09%
DP-90.97%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-280.88%
Min EPS beat(2)-485.34%
Max EPS beat(2)-76.43%
EPS beat(4)0
Avg EPS beat(4)-238.25%
Min EPS beat(4)-485.34%
Max EPS beat(4)-76.43%
EPS beat(8)0
Avg EPS beat(8)-259.88%
EPS beat(12)1
Avg EPS beat(12)-309.48%
EPS beat(16)3
Avg EPS beat(16)-295.33%
Revenue beat(2)1
Avg Revenue beat(2)-0.38%
Min Revenue beat(2)-5.09%
Max Revenue beat(2)4.33%
Revenue beat(4)2
Avg Revenue beat(4)-2.55%
Min Revenue beat(4)-20.45%
Max Revenue beat(4)11%
Revenue beat(8)5
Avg Revenue beat(8)2.05%
Revenue beat(12)8
Avg Revenue beat(12)10.93%
Revenue beat(16)12
Avg Revenue beat(16)16.09%
PT rev (1m)0%
PT rev (3m)-40%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-7.69%
EPS NY rev (1m)0%
EPS NY rev (3m)-30.71%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.04%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 11.78
P/S 0.5
P/FCF 11.7
P/OCF 6.81
P/B 1.81
P/tB 2.48
EV/EBITDA N/A
EPS(TTM)-1.09
EYN/A
EPS(NY)0.81
Fwd EY8.49%
FCF(TTM)0.81
FCFY8.55%
OCF(TTM)1.39
OCFY14.69%
SpS19.05
BVpS5.25
TBVpS3.84
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -2.73%
ROE -18%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 8.41%
FCFM 4.26%
ROA(3y)-2.01%
ROA(5y)-3.38%
ROE(3y)-14.17%
ROE(5y)-22.03%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y-16.02%
F-Score5
Asset Turnover0.55
Health
Industry RankSector Rank
Debt/Equity 2.44
Debt/FCF 15.76
Debt/EBITDA N/A
Cap/Depr 56.98%
Cap/Sales 3.06%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 3.06
Quick Ratio 2.69
Altman-Z N/A
F-Score5
WACC6.53%
ROIC/WACCN/A
Cap/Depr(3y)61.3%
Cap/Depr(5y)54.22%
Cap/Sales(3y)2.7%
Cap/Sales(5y)2.88%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)23.78%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%600%
EPS Next Y52.61%
EPS Next 2Y63.98%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-10.56%
Revenue growth 3Y19.62%
Revenue growth 5Y-2.31%
Sales Q2Q%-25.74%
Revenue Next Year-15.69%
Revenue Next 2Y-10.25%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y29.78%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-87.51%
FCF growth 3YN/A
FCF growth 5Y36.22%
OCF growth 1Y-80.45%
OCF growth 3YN/A
OCF growth 5Y30.06%