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ICAHN ENTERPRISES LP (IEP) Stock Fundamental Analysis

NASDAQ:IEP - Nasdaq - US4511001012 - Currency: USD

10.43  +0.05 (+0.48%)

After market: 10.55 +0.12 (+1.15%)

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 it does not seem to be growing. 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.
IEP had negative earnings in each of the past 5 years.
In multiple years IEP reported negative operating cash flow during the last 5 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

IEP has a Return On Assets of -2.73%. This is in the lower half of the industry: IEP underperforms 62.50% of its industry peers.
Looking at the Return On Equity, with a value of -18.00%, IEP is doing worse than 62.50% of the companies in the same industry.
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

With a Gross Margin value of 8.41%, IEP is not doing good in the industry: 87.50% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of IEP has declined.
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.
The number of shares outstanding for IEP has been increased compared to 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.
IEP has a Debt to FCF ratio of 15.76. This is in the better half of the industry: IEP outperforms 75.00% of its industry peers.
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
WACC6.99%
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

IEP has a Current Ratio of 3.06. This indicates that IEP is financially healthy and has no problem in meeting 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.
IEP has a Quick Ratio of 2.69. This indicates that IEP is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.69, IEP belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
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

The Earnings Per Share has grown by an impressive 23.78% over the past year.
Looking at the last year, IEP shows a very negative growth in Revenue. The Revenue has decreased by -10.56% in the last year.
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

IEP is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 63.98% yearly.
The Revenue is expected to decrease by -10.25% on average over the next years. This is quite bad
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

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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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5

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for IEP. In the last year negative earnings were reported.
The Price/Forward Earnings ratio is 12.94, which indicates a correct valuation of IEP.
100.00% of the companies in the same industry are more expensive than IEP, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.68, IEP is valued a bit cheaper.
Industry RankSector Rank
PE N/A
Fwd PE 12.94
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

87.50% of the companies in the same industry are more expensive than IEP, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 12.85
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.
A more expensive valuation may be justified as IEP's earnings are expected to grow with 63.98% in the coming years.
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 19.27%, IEP is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.14, IEP pays a better dividend. On top of this IEP pays more dividend than 100.00% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.27, IEP pays a better dividend.
Industry RankSector Rank
Dividend Yield 19.27%

5.2 History

The dividend of IEP is nicely growing with an annual growth rate of 8.09%!
IEP has been paying a dividend for at least 10 years, so it has 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

IEP has negative earnings and hence a negative payout ratio. The dividend may be in danger.
IEP's earnings are growing more than its dividend. This makes the dividend growth 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 (2/21/2025, 8:27:43 PM)

After market: 10.55 +0.12 (+1.15%)

10.43

+0.05 (+0.48%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryIndustrial Conglomerates
Earnings (Last)11-08 2024-11-08/bmo
Earnings (Next)02-26 2025-02-26/bmo
Inst Owners90.43%
Inst Owner Change4.22%
Ins Owners0.08%
Ins Owner Change-9.34%
Market Cap5.26B
Analysts84
Price Target15.3 (46.69%)
Short Float %2.33%
Short Ratio11.12
Dividend
Industry RankSector Rank
Dividend Yield 19.27%
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 12.94
P/S 0.55
P/FCF 12.85
P/OCF 7.48
P/B 1.99
P/tB 2.72
EV/EBITDA N/A
EPS(TTM)-1.09
EYN/A
EPS(NY)0.81
Fwd EY7.73%
FCF(TTM)0.81
FCFY7.78%
OCF(TTM)1.39
OCFY13.37%
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
WACC6.99%
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%