NasdaqGS:IEP

Stock Analysis Report

Executive Summary

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

Snowflake

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0.9%

IEP

5.2%

US Industrials

1.8%

US Market


1 Year Return

-3.3%

IEP

-9.0%

US Industrials

7.3%

US Market

Return vs Industry: IEP exceeded the US Industrials industry which returned -9% over the past year.

Return vs Market: IEP underperformed the US Market which returned 7.3% over the past year.


Shareholder returns

IEPIndustryMarket
7 Day0.9%5.2%1.8%
30 Day0.8%-2.0%-0.7%
90 Day-10.0%-5.8%0.06%
1 Year7.4%-3.3%-5.3%-9.0%9.7%7.3%
3 Year94.6%40.9%-17.8%-25.5%46.3%36.9%
5 Year7.6%-33.7%0.3%-14.2%64.5%46.5%

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?

38.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: IEP ($67.63) is trading below our estimate of fair value ($110.64)

Significantly Undervalued: IEP is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: IEP is unprofitable, so we can't compare its PE Ratio to the 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

Low 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 (2.1x) compared to the US Industrials industry average (4x).

Future Growth

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

97.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IEP is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: IEP is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: IEP is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: IEP's revenue (15.7% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: IEP's revenue (15.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: IEP's Return on Equity is forecast to be low in 3 years time (5.8%).

Past Performance

How has Icahn Enterprises performed over the past 5 years?

20.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: IEP is unprofitable, but has reduced losses over the past 5 years at a rate of 20.7% 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 (11.3%).


Return on Equity

High ROE: IEP has a negative Return on Equity (-15.13%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: IEP is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: IEP is currently unprofitable, so its Return on Capital Employed is negative.

Financial Health

How is Icahn Enterprises's financial position?


Financial Position Analysis

Short Term Liabilities: IEP's short term assets ($8.9B) exceeds its short term liabilities ($2.9B)

Long Term Liabilities: IEP's short term assets (8.9B) do not cover its long term liabilities (10.0B)


Debt to Equity History and Analysis

Debt Level: IEP's debt to equity ratio (68.6%) is considered high

Reducing Debt: IEP's debt to equity ratio has reduced from 77.1% to 68.6% over the past 5 years.

Debt Coverage: IEP's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if IEP's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: IEP has a high level of physical assets or inventory.

Debt Coverage by Assets: IEP's debt is covered by short term assets (assets are 1.136050x debt).

Dividend

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

11.83%

Current Dividend Yield


Dividend Yield vs Market

company11.8%marketbottom25%1.5%markettop25%3.7%industryaverage1.9%forecastin3Years11.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: IEP's dividend (11.83%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: IEP's dividend (11.83%) is in the top 25% of dividend payers in the US market (3.72%)

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.

Management

What is the CEO of Icahn Enterprises's salary, the management and board of directors tenure and is there insider trading?

7.6yrs

Average management tenure


CEO

Keith Cozza (40yo)

5.7yrs

Tenure

US$6,539,608

Compensation

Mr. Keith Cozza has been the Chief Executive Officer and President of Icahn Enterprises G.P. Inc. and Icahn Enterprises, L.P. since February 5, 2014. Mr. Cozza has been the Chief Financial Officer of Icahn ...


CEO Compensation Analysis

Compensation vs. Market: Keith's total compensation ($USD6.54M) is below average for companies of similar size in the US market ($USD11.21M).

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


Management Age and Tenure

7.6yrs

Average Tenure

44.5yo

Average Age

Experienced Management: IEP's management team is seasoned and experienced (7.6 years average tenure).


Board Age and Tenure

7.1yrs

Average Tenure

62yo

Average Age

Experienced Board: IEP's board of directors are considered experienced (7.1 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$38,90305 Mar 19
Jack Wasserman
EntityIndividual
Role
Member of the Board of Directors
Director of Icahn Enterprises GP
Shares500
Max PriceUS$77.81

Ownership Breakdown


Management Team

  • SungHwan Cho (45yo)

    CFO & Director of Icahn Enterprises GP

    • Tenure: 7.1yrs
    • Compensation: US$2.56m
  • Hunter Gary (44yo)

    Senior Vice President

    • Tenure: 8.9yrs
  • Peter Reck (52yo)

    Chief Accounting Officer of Icahn Enterprises GP

    • Tenure: 7.6yrs
    • Compensation: US$557.08k
  • Keith Cozza (40yo)

    President

    • Tenure: 5.7yrs
    • Compensation: US$6.54m
  • Andrew Langham (46yo)

    General Counsel

    • Tenure: 0yrs
  • Michael Nevin (35yo)

    MD & Director of Icahn Enterprises GP

    • Tenure: 0.8yrs
  • Angel Montalvo

    Investor Relations Contact

    • Tenure: 0yrs

Board Members

  • Carl Icahn (83yo)

    Chairman of Icahn Enterprises GP

    • Tenure: 28.9yrs
    • Compensation: US$66.14k
  • Jack Wasserman (83yo)

    Director of Icahn Enterprises GP

    • Tenure: 25.8yrs
    • Compensation: US$40.00k
  • Buzzy Krongard (82yo)

    Director of Icahn Enterprises GP

    • Tenure: 0.6yrs
  • SungHwan Cho (45yo)

    CFO & Director of Icahn Enterprises GP

    • Tenure: 7.1yrs
    • Compensation: US$2.56m
  • Keith Cozza (40yo)

    President

    • Tenure: 5.7yrs
    • Compensation: US$6.54m
  • Michael Nevin (35yo)

    MD & Director of Icahn Enterprises GP

    • Tenure: 0.8yrs
  • Denise Barton (62yo)

    Director of Icahn Enterprises G.P

    • Tenure: 0.08yrs

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$13.631b
  • Shares outstanding: 201.55m
  • Website: https://www.ielp.com

Number of Employees


Location

  • Icahn Enterprises L.P.
  • 767 Fifth Avenue
  • Suite 4700
  • New York
  • New York
  • 10153
  • 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 mining 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 Analysis2019/10/17 23:52
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.