Icahn Enterprises Valuation

Q: What is the Fair Price of IEP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

IEP ($11.34) is trading above our estimate of [[fair value]] ($2.48)

Is IEP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of IEP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IEP ($11.34) is trading above our estimate of fair value ($2.48)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IEP?

Key metric: As IEP is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for IEP. This is calculated by dividing IEP's market cap by their current revenue.
What is IEP's PS Ratio?
PS Ratio	0.6x
Sales	US$10.06b
Market Cap	US$5.55b

IEP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.2x
Enterprise Value/EBITDA	31x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does IEP's PS Ratio compare to its peers?

The above table shows the PS ratio for IEP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.7x
BBU Brookfield Business Partners	0.1x	n/a	US$5.4b
BBUC Brookfield Business	0.2x	n/a	US$1.9b
MMM 3M	2.1x	-5.3%	US$69.3b
SPLP Steel Partners Holdings	0.4x	n/a	US$786.6m
IEP Icahn Enterprises	0.6x	-9.6%	US$5.6b

Price-To-Sales vs Peers: IEP is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (0.7x).

Price to Sales Ratio vs Industry

How does IEP's PS Ratio compare vs other companies in the US Industrials Industry?

3 Companies	Price / Sales	Estimated Growth	Market Cap
BBU Brookfield Business Partners	0.1x	n/a	US$5.36b
GPUS Hyperscale Data	0.05x	n/a	US$6.83m
EFSH 1847 Holdings	0.008x	n/a	US$225.58k

No more companies available in this PS range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: IEP is good value based on its Price-To-Sales Ratio (0.6x) compared to the Global Industrials industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

What is IEP's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IEP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.6x
Fair PS Ratio	0.4x

Price-To-Sales vs Fair Ratio: IEP is expensive based on its Price-To-Sales Ratio (0.6x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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