CVR PARTNERS LP (UAN)
US1266332055
UAN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 84 industry peers in the Chemicals industry. UAN scores excellent on profitability, but there are some minor concerns on its financial health. UAN is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year UAN was profitable.
UAN had a positive operating cash flow in the past year.
In multiple years UAN reported negative net income over the last 5 years.
Each year in the past 5 years UAN had a positive operating cash flow.
1.2 Ratios
The Return On Assets of UAN (5.33%) is better than 79.76% of its industry peers.
The Return On Equity of UAN (18.30%) is better than 85.71% of its industry peers.
UAN has a Return On Invested Capital of 7.35%. This is in the better half of the industry: UAN outperforms 71.43% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for UAN is significantly above the industry average of 6.50%.
The last Return On Invested Capital (7.35%) for UAN is well below the 3 year average (18.29%), which needs to be investigated, but indicates that UAN had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.33% | ||
| ROE | 18.3% | ||
| ROIC | 7.35% |
ROA(3y)16.89%
ROA(5y)7.62%
ROE(3y)49.81%
ROE(5y)21.97%
ROIC(3y)18.29%
ROIC(5y)11.54%
1.3 Margins
The Profit Margin of UAN (9.97%) is better than 84.52% of its industry peers.
The Operating Margin of UAN (15.56%) is better than 84.52% of its industry peers.
UAN's Operating Margin has improved in the last couple of years.
The Gross Margin of UAN (36.95%) is better than 75.00% of its industry peers.
UAN's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.56% | ||
| PM (TTM) | 9.97% | ||
| GM | 36.95% |
OM growth 3Y149.63%
OM growth 5Y73.24%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y16.69%
GM growth 5Y9.26%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so UAN is creating value.
The number of shares outstanding for UAN has been reduced compared to 1 year ago.
Compared to 5 years ago, UAN has less shares outstanding
The debt/assets ratio for UAN is higher compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of UAN is 6.04, which is on the high side as it means it would take UAN, 6.04 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 6.04, UAN is in the better half of the industry, outperforming 65.48% of the companies in the same industry.
A Debt/Equity ratio of 1.91 is on the high side and indicates that UAN has dependencies on debt financing.
UAN's Debt to Equity ratio of 1.91 is on the low side compared to the rest of the industry. UAN is outperformed by 86.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.91 | ||
| Debt/FCF | 6.04 | ||
| Altman-Z | N/A |
ROIC/WACC0.94
WACC7.85%
2.3 Liquidity
UAN has a Current Ratio of 2.15. This indicates that UAN is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.15, UAN is in line with its industry, outperforming 48.81% of the companies in the same industry.
UAN has a Quick Ratio of 1.44. This is a normal value and indicates that UAN is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.44, UAN is in line with its industry, outperforming 50.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.15 | ||
| Quick Ratio | 1.44 |
3. Growth
3.1 Past
UAN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -79.62%.
The Revenue for UAN has decreased by -29.88% in the past year. This is quite bad
Measured over the past years, UAN shows a quite strong growth in Revenue. The Revenue has been growing by 14.18% on average per year.
EPS 1Y (TTM)-79.62%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%414.29%
Revenue 1Y (TTM)-29.88%
Revenue growth 3Y24.87%
Revenue growth 5Y14.18%
Sales Q2Q%-4.13%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 14.39, which indicates a correct valuation of UAN.
Compared to the rest of the industry, the Price/Earnings ratio of UAN indicates a somewhat cheap valuation: UAN is cheaper than 77.38% of the companies listed in the same industry.
UAN is valuated rather cheaply when we compare the Price/Earnings ratio to 28.65, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.39 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, UAN is valued cheaply inside the industry as 84.52% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, UAN is valued cheaply inside the industry as 89.29% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.34 | ||
| EV/EBITDA | 7.16 |
4.3 Compensation for Growth
The excellent profitability rating of UAN may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
UAN has a Yearly Dividend Yield of 9.25%, which is a nice return.
Compared to an average industry Dividend Yield of 2.95, UAN pays a better dividend. On top of this UAN pays more dividend than 96.43% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.23, UAN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.25% |
5.2 History
UAN has paid a dividend for at least 10 years, which is a reliable track record.
UAN has decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
UAN pays out 141.68% of its income as dividend. This is not a sustainable payout ratio.
DP141.68%
EPS Next 2YN/A
EPS Next 3YN/A
CVR PARTNERS LP
NYSE:UAN (11/20/2024, 8:04:00 PM)
71.5
+0.21 (+0.29%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap755.75M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.25% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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EPS beat(8)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(8)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.39 | ||
| Fwd PE | N/A | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.33% | ||
| ROE | 18.3% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 15.56% | ||
| PM (TTM) | 9.97% | ||
| GM | 36.95% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.91 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.15 | ||
| Quick Ratio | 1.44 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-79.62%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next YN/A
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-29.88%
Revenue growth 3Y24.87%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y