ICAHN ENTERPRISES LP (IEP)
US4511001012
We assign a fundamental rating of 3 out of 10 to IEP. IEP was compared to 8 industry peers in the Industrial Conglomerates industry. IEP scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. 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.
1. Profitability
1.1 Basic Checks
In the past year IEP has reported negative net income.
In the past year IEP had a positive cash flow from operations.
IEP had negative earnings in each of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: IEP reported negative operating cash flow in multiple years.
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.
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 Rank | Sector 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
1.3 Margins
The Gross Margin of IEP (8.41%) is worse than 87.50% of its industry peers.
IEP's Gross Margin has declined in the last couple of years.
IEP does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
IEP does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, IEP has more shares outstanding
The number of shares outstanding for IEP has been increased compared to 5 years ago.
IEP has a worse debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of IEP is 15.76, which is on the high side as it means it would take IEP, 15.76 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 15.76, IEP is in the better half of 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.
IEP has a better Debt to Equity ratio (2.44) than 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.44 | ||
| Debt/FCF | 15.76 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC6.52%
2.3 Liquidity
A Current Ratio of 3.06 indicates that IEP has no problem at all paying its short term obligations.
IEP has a better Current ratio (3.06) than 100.00% of its industry peers.
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.
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 Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.06 | ||
| Quick Ratio | 2.69 |
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
The Earnings Per Share is expected to grow by 63.98% on average over the next years. This is a very strong growth
IEP is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -10.25% yearly.
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for IEP. In the last year negative earnings were reported.
A Price/Forward Earnings ratio of 11.82 indicates a reasonable valuation of IEP.
Based on the Price/Forward Earnings ratio, IEP is valued cheaper than 100.00% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of IEP to the average of the S&P500 Index (22.83), we can say IEP is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 11.82 |
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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.74 | ||
| EV/EBITDA | N/A |
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
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 19.65%, IEP is a good candidate for dividend investing.
The stock price of IEP dropped by -26.35% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
IEP's Dividend Yield is rather good when compared to the industry average which is at 5.22. IEP pays more dividend than 100.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.24, IEP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 19.65% |
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
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
ICAHN ENTERPRISES LP
NASDAQ:IEP (12/20/2024, 8:17:59 PM)
After market: 9.5701 +0.04 (+0.42%)9.53
+0.24 (+2.58%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryIndustrial Conglomerates
Earnings (Last)
Earnings (Next)
Inst Owners86.72%
Inst Owner Change6.6%
Ins Owners0.07%
Ins Owner Change-9.34%
Market Cap4.80B
Analysts84
Price Target15.3 (60.55%)
Short Float %2.37%
Short Ratio11.46
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 19.65% |
Dividend Growth(5Y)8.09%
DP-90.97%
Div Incr Years0
Div Non Decr Years0
Ex-Date
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)-40%
PT rev (3m)-40%
EPS NQ rev (1m)-7.69%
EPS NQ rev (3m)-7.69%
EPS NY rev (1m)-30.71%
EPS NY rev (3m)-30.71%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-1.04%
Revenue NY rev (3m)-1.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 11.82 | ||
| P/S | 0.5 | ||
| P/FCF | 11.74 | ||
| P/OCF | 6.83 | ||
| P/B | 1.82 | ||
| P/tB | 2.48 | ||
| EV/EBITDA | N/A |
EPS(TTM)-1.09
EYN/A
EPS(NY)0.81
Fwd EY8.46%
FCF(TTM)0.81
FCFY8.52%
OCF(TTM)1.39
OCFY14.64%
SpS19.05
BVpS5.25
TBVpS3.84
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector 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 Rank | Sector 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
WACC6.52%
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%