NasdaqGS:IEP

Stock Analysis Report

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Executive Summary

Icahn Enterprises L.P., through its subsidiaries, operates in investment, energy, automotive, food packaging, metals, real estate, home fashion, and pharma businesses in the United States and Internationally. More Details


Snowflake Analysis

Excellent balance sheet second-rate dividend payer.

Share Price & News

How has Icahn Enterprises's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: IEP is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: IEP's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-7.1%

IEP

3.5%

US Industrials

-0.4%

US Market


1 Year Return

-0.9%

IEP

24.8%

US Industrials

36.2%

US Market

Return vs Industry: IEP underperformed the US Industrials industry which returned 24.8% over the past year.

Return vs Market: IEP underperformed the US Market which returned 36.3% over the past year.


Shareholder returns

IEPIndustryMarket
7 Day-7.1%3.5%-0.4%
30 Day-1.6%5.4%-2.3%
90 Day16.4%5.6%5.0%
1 Year16.0%-0.9%27.9%24.8%39.1%36.2%
3 Year39.4%-0.8%9.9%0.3%48.4%39.0%
5 Year63.0%-7.3%4.9%-9.3%116.6%92.4%

Long-Term Price Volatility Vs. Market

How volatile is Icahn Enterprises's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Icahn Enterprises undervalued compared to its fair value and its price relative to the market?

3.38x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: IEP ($59.33) is trading above our estimate of fair value ($36.48)

Significantly Below Fair Value: IEP is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: IEP is unprofitable, so we can't compare its PE Ratio to the US Industrials industry average.

PE vs Market: IEP is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate IEP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: IEP is good value based on its PB Ratio (3.4x) compared to the US Industrials industry average (3.6x).


Next Steps

Future Growth

How is Icahn Enterprises forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-2.7%

Forecasted Capital Goods industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if IEP's forecast earnings growth is above the savings rate (2%).

Earnings vs Market: Insufficient data to determine if IEP's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if IEP's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if IEP's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if IEP's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Icahn Enterprises performed over the past 5 years?

-5.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IEP is currently unprofitable.

Growing Profit Margin: IEP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: IEP is unprofitable, and losses have increased over the past 5 years at a rate of 5.5% per year.

Accelerating Growth: Unable to compare IEP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: IEP is unprofitable, making it difficult to compare its past year earnings growth to the Industrials industry (-31.6%).


Return on Equity

High ROE: IEP has a negative Return on Equity (-26.66%), as it is currently unprofitable.


Next Steps

Financial Health

How is Icahn Enterprises's financial position?


Financial Position Analysis

Short Term Liabilities: IEP's short term assets ($9.6B) exceed its short term liabilities ($6.6B).

Long Term Liabilities: IEP's short term assets ($9.6B) exceed its long term liabilities ($9.2B).


Debt to Equity History and Analysis

Debt Level: IEP's debt to equity ratio (86.2%) is considered high.

Reducing Debt: IEP's debt to equity ratio has reduced from 125.9% to 86.2% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: IEP has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: IEP has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of 3.4% each year.


Next Steps

Dividend

What is Icahn Enterprises's current dividend yield, its reliability and sustainability?

13.48%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: IEP's dividend (13.48%) is higher than the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: IEP's dividend (13.48%) is in the top 25% of dividend payers in the US market (3.64%)


Stability and Growth of Payments

Stable Dividend: IEP's dividend payments have been volatile in the past 10 years.

Growing Dividend: IEP's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: IEP is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.0yrs

Average management tenure


CEO

Keith Cozza (41 yo)

7.08yrs

Tenure

US$6,511,588

Compensation

Mr. Keith Cozza has been the Chief Executive Officer and President of Icahn Enterprises G.P. Inc. and Icahn Enterprises, a diversified holding company engaged in a variety of businesses, including investme...


CEO Compensation Analysis

Compensation vs Market: Keith's total compensation ($USD6.51M) is below average for companies of similar size in the US market ($USD10.56M).

Compensation vs Earnings: Keith's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Keith Cozza
President7.08yrsUS$6.51m0.00083%
$ 118.8k
SungHwan Cho
CFO & Director of Icahn Enterprises GP8.5yrsUS$2.55m0.00046%
$ 65.9k
Ted Papapostolou
Chief Accounting Officer & Secretary of Icahn Enterprises G.P. Inc1yrUS$444.48kno data
Angel Montalvo
Investor Relations Contactno datano datano data
Hunter Gary
Senior Managing Director10.33yrsno datano data
Jesse Lynn
General Counselno datano datano data
Andrew Langham
General Counselno datano datano data

8.0yrs

Average Tenure

45.5yo

Average Age

Experienced Management: IEP's management team is seasoned and experienced (8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Keith Cozza
President7.08yrsUS$6.51m0.00083%
$ 118.8k
SungHwan Cho
CFO & Director of Icahn Enterprises GP8.5yrsUS$2.55m0.00046%
$ 65.9k
Carl Icahn
Chairman of Icahn Enterprises GP30.33yrsUS$14.64k0.0050%
$ 711.6k
Alvin Krongard
Independent Director of Icahn Enterprises GP2yrsUS$35.00k0.015%
$ 2.1m
Brett Icahn
Director of Icahn Enterprises GP0.42yrno data0.084%
$ 12.0m
Stephen Mongillo
Director of Icahn Enterprises G.P1yrUS$27.83kno data
Michael Nevin
Director of Icahn Enterprises GP2.25yrsno datano data
Denise Barton
Independent Director of Icahn Enterprises G.P1.5yrsUS$39.21kno data

2.1yrs

Average Tenure

52.5yo

Average Age

Experienced Board: IEP's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: IEP insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.7%.


Top Shareholders

Company Information

Icahn Enterprises L.P.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Icahn Enterprises L.P.
  • Ticker: IEP
  • Exchange: NasdaqGS
  • Founded: 1987
  • Industry: Industrial Conglomerates
  • Sector: Capital Goods
  • Market Cap: US$14.319b
  • Shares outstanding: 241.34m
  • Website: https://www.ielp.com

Number of Employees


Location

  • Icahn Enterprises L.P.
  • 16690 Collins Avenue
  • PH-1
  • Sunny Isles Beach
  • Florida
  • 33160
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IEPNasdaqGS (Nasdaq Global Select)YesDepositary UnitsUSUSDJul 1987
2INDB (Deutsche Boerse AG)YesDepositary UnitsDEEURJul 1987
2INBST (Boerse-Stuttgart)YesDepositary UnitsDEEURJul 1987

Biography

Icahn Enterprises L.P., through its subsidiaries, operates in investment, energy, automotive, food packaging, metals, real estate, home fashion, and pharma businesses in the United States and International...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/06 23:49
End of Day Share Price2021/03/05 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.