Icahn Enterprises (NasdaqGS:IEP) - Share price, News & Analysis

IEP fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	3/6
Past Performance	0/6
Financial Health	5/6
Dividends	4/6

IEP Stock Overview

Rewards

Trading at 97.4% below our estimate of its fair value

Earnings are forecast to grow 137.85% per year

Risk Analysis

Dividend of 15.58% is not well covered by earnings or forecast to be in the next 3 years

Shareholders have been diluted in the past year

Icahn Enterprises Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Icahn Enterprises
Historical stock prices
Current Share Price	US$51.36
52 Week High	US$59.11
52 Week Low	US$48.93
Beta	0.76
1 Month Change	-3.57%
3 Month Change	-5.41%
1 Year Change	-12.31%
3 Year Change	-25.86%
5 Year Change	7.67%
Change since IPO	378.16%

Recent News & Updates

Apr 05

Tracking Carl Icahn's Portfolio - Q4 2021 Update

Carl Icahn’s 13F portfolio value decreased from $22.52B to $22.29B this quarter. They increased Southwest Gas Holdings during the quarter. Icahn Enterprises, Cheniere Energy, and Occidental Petroleum are the three largest positions.

Shareholder Returns

	IEP	US Industrials	US Market
7D	-5.8%	-1.7%	1.0%
1Y	-12.3%	-23.0%	-15.1%

Return vs Industry: IEP exceeded the US Industrials industry which returned -22.6% over the past year.

Return vs Market: IEP matched the US Market which returned -13.2% over the past year.

Price Volatility

Is IEP's price volatile compared to industry and market?
IEP volatility
IEP Average Weekly Movement	3.0%
Industrials Industry Average Movement	5.4%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	2.9%

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

Volatility Over Time: IEP's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1987	19,536	David Willetts	https://www.ielp.com

Icahn Enterprises L.P., through its subsidiaries, operates in investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internationally. Its Investment segment invests its proprietary capital through various private investment funds. The company’s Energy segment refines and markets transportation fuels; and produces and markets nitrogen fertilizers in the form of urea ammonium nitrate and ammonia.

Icahn Enterprises Fundamentals Summary

How do Icahn Enterprises's earnings and revenue compare to its market cap?
IEP fundamental statistics
Market Cap	US$15.77b
Earnings (TTM)	-US$446.00m
Revenue (TTM)	US$11.90b

1.3x

P/S Ratio

-35.3x

P/E Ratio

Is IEP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
IEP income statement (TTM)
Revenue	US$11.90b
Cost of Revenue	US$10.40b
Gross Profit	US$1.50b
Other Expenses	US$1.94b
Earnings	-US$446.00m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-1.45
Gross Margin	12.59%
Net Profit Margin	-3.75%
Debt/Equity Ratio	72.3%

How did IEP perform over the long term?

See historical performance and comparison

Dividends

15.6%

Current Dividend Yield

-490%

Payout Ratio

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: IEP ($51.36) is trading below our estimate of fair value ($1943.28)

Significantly Below Fair Value: IEP is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: IEP is unprofitable, so we can't compare its Price-To-Earnings Ratio to the Global Industrials industry average.

PE vs Market: IEP is unprofitable, so we can't compare its Price-To-Earnings 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 overvalued based on its Price-To-Book Ratio (3.8x) compared to the US Industrials industry average (2.3x).

Future Growth

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

Future Growth Score

3/6

Future Growth Score 3/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

137.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: IEP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: IEP is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: IEP's is expected to become profitable in the next 3 years.

Revenue vs Market: IEP's revenue is expected to decline over the next 3 years (-5.6% per year).

High Growth Revenue: IEP's revenue is forecast to decline over the next 3 years (-5.6% 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

Past Performance

How has Icahn Enterprises performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-50.0%

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 50% 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 (52.3%).

Return on Equity

High ROE: IEP has a negative Return on Equity (-2.19%), as it is currently unprofitable.

Financial Health

How is Icahn Enterprises's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: IEP's short term assets ($14.4B) exceed its short term liabilities ($10.0B).

Long Term Liabilities: IEP's short term assets ($14.4B) exceed its long term liabilities ($8.1B).

Debt to Equity History and Analysis

Debt Level: IEP's net debt to equity ratio (50.2%) is considered high.

Reducing Debt: IEP's debt to equity ratio has reduced from 130.6% to 72.3% 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: Whilst unprofitable IEP has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: IEP is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 1.2% per year.

Dividend

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

Dividend Score

4/6

Dividend Score 4/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

15.58%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: IEP's dividend (15.58%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: IEP's dividend (15.58%) is in the top 25% of dividend payers in the US market (4.06%)

Stability and Growth of Payments

Stable Dividend: IEP's dividends per share have been stable in the past 10 years.

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

Earnings Payout to Shareholders

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

Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (99.1%), IEP's dividend payments are not well covered by cash flows.

Discover strong dividend paying companies

Management

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

2.1yrs

Average management tenure

CEO

David Willetts (45 yo)

0.50

Tenure

US$5,434,858

Compensation

Mr. David Willetts serves as Director at CVR Partners, LP and CVR GP, LLC since July 7, 2021. He has been Director of Icahn Enterprises GP, Inc. at Icahn Enterprises L.P. & Icahn Enterprises Holdings L.P....

CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD5.43M) is below average for companies of similar size in the US market ($USD13.26M).

Compensation vs Earnings: Insufficient data to compare David's compensation with company performance.

Leadership Team

Experienced Management: IEP's management team is considered experienced (2.1 years average tenure).

Board Members

Experienced Board: IEP's board of directors are not considered experienced ( 2.2 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: Insufficient data to determine if 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 21.6%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/25 00:00
End of Day Share Price	2022/05/25 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31