CVR Energy
Market Cap
US$1.6b
Last Updated
2020/03/31 03:30 UTC
Data Sources
Company Financials +
Executive Summary
CVR Energy, Inc., through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -5.3% per year for the next 3 years
+ 1 more risk
Snowflake Analysis
Outstanding track record and good value.
Similar Companies
Share Price & News
How has CVR Energy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CVI's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
2.4%
CVI
5.9%
US Oil and Gas
7.2%
US Market
1 Year Return
-62.5%
CVI
-56.4%
US Oil and Gas
-10.4%
US Market
Return vs Industry: CVI underperformed the US Oil and Gas industry which returned -57.2% over the past year.
Return vs Market: CVI underperformed the US Market which returned -12.7% over the past year.
Shareholder returns
| CVI | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.4% | 5.9% | 7.2% |
| 30 Day | -44.7% | -35.6% | -12.6% |
| 90 Day | -61.1% | -51.6% | -19.4% |
| 1 Year | -59.5%-62.5% | -54.6%-56.4% | -8.5%-10.4% |
| 3 Year | -0.3%-20.7% | -51.8%-56.5% | 15.8%8.3% |
| 5 Year | -42.0%-61.3% | -55.3%-62.2% | 35.8%21.0% |
Price Volatility Vs. Market
How volatile is CVR Energy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
What Does The Future Hold For CVR Energy, Inc. (NYSE:CVI)? These Analysts Have Been Cutting Their Estimates1 month ago | Simply Wall St
CVR Energy, Inc. (NYSE:CVI) Looks Interesting, And It's About To Pay A Dividend1 month ago | Simply Wall St
CVR Energy, Inc. Just Reported Earnings, And Analysts Cut Their Target PriceValuation
Is CVR Energy undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CVI ($15.16) is trading below our estimate of fair value ($43.53)
Significantly Below Fair Value: CVI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CVI is good value based on its PE Ratio (4x) compared to the Oil and Gas industry average (6.7x).
PE vs Market: CVI is good value based on its PE Ratio (4x) compared to the US market (13x).
Price to Earnings Growth Ratio
PEG Ratio: CVI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: CVI is overvalued based on its PB Ratio (1.1x) compared to the US Oil and Gas industry average (0.5x).
Next Steps
Future Growth
How is CVR Energy forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-13.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CVI's earnings are forecast to decline over the next 3 years (-5.3% per year).
Earnings vs Market: CVI's earnings are forecast to decline over the next 3 years (-5.3% per year).
High Growth Earnings: CVI's earnings are forecast to decline over the next 3 years.
Revenue vs Market: CVI's revenue (1.5% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: CVI's revenue (1.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CVI's Return on Equity is forecast to be high in 3 years time (20.6%)
Next Steps
Past Performance
How has CVR Energy performed over the past 5 years?
34.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CVI has high quality earnings.
Growing Profit Margin: CVI's current net profit margins (6%) are higher than last year (3.6%).
Past Earnings Growth Analysis
Earnings Trend: CVI's earnings have grown significantly by 34.6% per year over the past 5 years.
Accelerating Growth: CVI's earnings growth over the past year (46.7%) exceeds its 5-year average (34.6% per year).
Earnings vs Industry: CVI earnings growth over the past year (46.7%) exceeded the Oil and Gas industry -11.4%.
Return on Equity
High ROE: CVI's Return on Equity (21.7%) is considered high.
Next Steps
Financial Health
How is CVR Energy's financial position?
Financial Position Analysis
Short Term Liabilities: CVI's short term assets ($1.3B) exceed its short term liabilities ($596.0M).
Long Term Liabilities: CVI's short term assets ($1.3B) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: CVI's debt to equity ratio (67.7%) is considered high.
Reducing Debt: CVI's debt to equity ratio has increased from 37.4% to 67.7% over the past 5 years.
Debt Coverage: CVI's debt is well covered by operating cash flow (66.2%).
Interest Coverage: CVI's interest payments on its debt are well covered by EBIT (5.7x coverage).
Balance Sheet
Inventory Level: CVI has a high level of physical assets or inventory.
Debt Coverage by Assets: CVI's debt is covered by short term assets (assets are 1.1x debt).
Next Steps
Dividend
What is CVR Energy's current dividend yield, its reliability and sustainability?
20.37%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CVI's dividend (21.11%) is higher than the bottom 25% of dividend payers in the US market (1.98%).
High Dividend: CVI's dividend (21.11%) is in the top 25% of dividend payers in the US market (5.49%)
Stability and Growth of Payments
Stable Dividend: CVI has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: CVI's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (82%), CVI's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CVI's dividends in 3 years are not forecast to be well covered by earnings (138.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.2yrs
Average management tenure
CEO
Dave Lamp (61yo)
2.17s
Tenure
US$4,395,099
Compensation
Mr. David L. Lamp, also known as Dave, serves as the President, Chief Executive Officer and Director of CVR Energy Inc. Mr. Lamp has been President, Chief Executive Officer and Director of CVR Refining GP, ...
CEO Compensation Analysis
Compensation vs Market: Dave's total compensation ($USD4.40M) is about average for companies of similar size in the US market ($USD4.58M).
Compensation vs Earnings: Dave's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.17yrs | US$4.40m | no data | |
| Executive VP & CFO | 1.83yrs | US$2.06m | no data | |
| Executive VP | 1.67yrs | US$2.74m | no data | |
| Executive Vice President of Corporate Services | 2.17yrs | US$2.73m | no data | |
| Chief Accounting Officer & Corporate Controller | 1.83yrs | no data | no data | |
| Director of Labor Relations & Manufacturing Human Resources | 7.42yrs | no data | no data | |
| Senior Vice President of Refined Products & Risk Management | 10.17yrs | no data | no data | |
| Vice President of Finance & Treasurer | no data | no data | no data |
2.2yrs
Average Tenure
49yo
Average Age
Experienced Management: CVI's management team is considered experienced (2.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.17yrs | US$4.40m | no data | |
| Independent Director | 7.83yrs | US$51.00k | no data | |
| Independent Director | 7.83yrs | US$52.00k | no data | |
| Chairman of the Board | 2.17yrs | no data | no data | |
| Director | 1.42yrs | no data | no data | |
| Independent Director | 7.83yrs | US$57.00k | no data | |
| Director | 4yrs | no data | no data | |
| Director | 1.42yrs | no data | no data |
3.1yrs
Average Tenure
59.5yo
Average Age
Experienced Board: CVI's board of directors are considered experienced (3.1 years average tenure).
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.
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.6%.
Top Shareholders
Company Information
CVR Energy, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: CVR Energy, Inc.
- Ticker: CVI
- Exchange: NYSE
- Founded: 1906
- Industry: Oil and Gas Refining and Marketing
- Sector: Energy
- Market Cap: US$1.579b
- Shares outstanding: 100.53m
- Website: https://www.cvrenergy.com
Number of Employees
Location
- CVR Energy, Inc.
- 2277 Plaza Drive
- Suite 500
- Sugar Land
- Texas
- 77479
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FL9 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Oct 2007 |
| CVI | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Oct 2007 |
| 0HRR | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Oct 2007 |
| FL9 | BRSE (Berne Stock Exchange) | Yes | Common Stock | CH | CHF | Oct 2007 |
Biography
CVR Energy, Inc., through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates through two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products. It owns and operates a coking medium-sour crude oil refinery in southeast Kansas; and a crude oil refinery in Wynnewood, Oklahoma, as well as supporting logistics assets. This segment primarily serves retailers, railroads, farm co-operatives, and other refiners/marketers. The Nitrogen Fertilizer segment owns and operates a nitrogen fertilizer plant in North America that utilizes a pet coke gasification process to produce nitrogen fertilizer products; and a nitrogen fertilizer facility in East Dubuque, Illinois that produces nitrogen fertilizers in the form of ammonia and UAN. It primarily markets UAN products to agricultural customers; and ammonia products to agricultural and industrial customers. CVR Energy, Inc. was founded in 1906 and is based in Sugar Land, Texas.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/31 03:30 |
| End of Day Share Price | 2020/03/30 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.