CVR Energy
CVR Energy, Inc., through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The last earnings update was 29 days ago. More info.
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CVI Share Price and Events
7 Day Returns
1 Year Returns
CVI Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| CVR Energy (CVI) | -5.5% | 5.4% | 3% | 0.9% | 122.6% | -6.5% |
| US Oil and Gas | 0.3% | -5.9% | -0.9% | -15.4% | -1.6% | -32.5% |
| US Market | 0.2% | -1.6% | 2.4% | 2.9% | 36.1% | 41% |
1 Year Return vs Industry and Market
- CVI outperformed the Oil and Gas industry which returned -15.4% over the past year.
- CVI underperformed the Market in United States of America which returned 2.9% over the past year.
Price Volatility
Related Companies
CVI Value
Is CVR Energy undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
CVR Energy
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for CVR Energy.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 2 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.1% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Oil and Gas Unlevered Beta | Simply Wall St/ S&P Global | 0.9 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.902 (1 + (1- 21%) (28.17%)) |
1.069 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.07 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.069 * 5.96%) |
9.1% |
Discounted Cash Flow Calculation for NYSE:CVI using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for CVR Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 9.1%) |
|
|---|---|---|---|
| 2019 | 801.00 | Analyst x1 | 734.19 |
| 2020 | 596.00 | Analyst x1 | 500.72 |
| 2021 | 478.69 | Est @ -19.68% | 368.62 |
| 2022 | 416.66 | Est @ -12.96% | 294.09 |
| 2023 | 382.28 | Est @ -8.25% | 247.31 |
| 2024 | 363.33 | Est @ -4.96% | 215.44 |
| 2025 | 353.69 | Est @ -2.65% | 192.24 |
| 2026 | 350.03 | Est @ -1.04% | 174.38 |
| 2027 | 350.35 | Est @ 0.09% | 159.98 |
| 2028 | 353.45 | Est @ 0.88% | 147.93 |
| Present value of next 10 years cash flows | $3,034.89 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $353.45 × (1 + 2.73%) ÷ (9.1% – 2.73%) |
$5,699.69 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $5,699.69 ÷ (1 + 9.1%)10 |
$2,385.52 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $3,034.89 + $2,385.52 |
$5,420.41 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $5,420.41 / 100.53 |
$53.92 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $53.92 |
| Current discount | Discount to share price of
$44.00
= -1 x ($44.00 - $53.92) / $53.92 |
18.4% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- CVR Energy's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- CVR Energy's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for CVR Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
CVR Energy's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $3.44 |
| NYSE:CVI Share Price ** | NYSE (2019-05-23) in USD | $44 |
| United States of America Oil and Gas Industry PE Ratio | Median Figure of 101 Publicly-Listed Oil and Gas Companies | 13.71x |
| United States of America Market PE Ratio | Median Figure of 3,085 Publicly-Listed Companies | 17.79x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of CVR Energy.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:CVI Share Price ÷ EPS (both in USD) = 44 ÷ 3.44 |
12.79x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- CVR Energy is good value based on earnings compared to the US Oil and Gas industry average.
- CVR Energy is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
CVR Energy's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 12.79x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts |
-9.7%per year |
| United States of America Oil and Gas Industry PEG Ratio | Median Figure of 76 Publicly-Listed Oil and Gas Companies | 0.49x |
| United States of America Market PEG Ratio | Median Figure of 2,123 Publicly-Listed Companies | 1.54x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for CVR Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
CVR Energy's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $13.36 |
| NYSE:CVI Share Price * | NYSE (2019-05-23) in USD | $44 |
| United States of America Oil and Gas Industry PB Ratio | Median Figure of 195 Publicly-Listed Oil and Gas Companies | 1.14x |
| United States of America Market PB Ratio | Median Figure of 5,201 Publicly-Listed Companies | 1.84x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:CVI Share Price ÷ Book Value per Share (both in USD) = 44 ÷ 13.36 |
3.29x |
* Primary Listing of CVR Energy.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- CVR Energy is overvalued based on assets compared to the US Oil and Gas industry average.
Value checks
We assess CVR Energy's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check) CVR Energy has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
CVI Future Performance
How is CVR Energy expected to perform in the next 1 to 3 years based on estimates from 2 analysts?
- No analysts cover CVR Energy, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- CVR Energy's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
- CVR Energy's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
- CVR Energy's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:CVI Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts | -9.7% |
| NYSE:CVI Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts | -4.9% |
| United States of America Oil and Gas Industry Earnings Growth Rate | Market Cap Weighted Average | 12.7% |
| United States of America Oil and Gas Industry Revenue Growth Rate | Market Cap Weighted Average | 4.6% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.7% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 5,995 | 2 | ||
| 2020-12-31 | 5,894 | 2 | ||
| 2019-12-31 | 6,253 | 2 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 7,073 | 822 | 330 |
| 2018-12-31 | 7,124 | 620 | 289 |
| 2018-09-30 | 6,979 | 362 | 402 |
| 2018-06-30 | 6,497 | 157 | 334 |
| 2018-03-31 | 6,018 | 57 | 273 |
| 2017-12-31 | 5,988 | 168 | 235 |
| 2017-09-30 | 5,748 | 376 | 41 |
| 2017-06-30 | 5,536 | 440 | 25 |
| 2017-03-31 | 5,384 | 383 | 63 |
| 2016-12-31 | 4,782 | 267 | 25 |
| 2016-09-30 | 4,440 | 143 | -27 |
| 2016-06-30 | 4,608 | 230 | 25 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
All data from CVR Energy Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | ||||
| 2020-12-31 | ||||
| 2019-12-31 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 3.44 |
| 2018-12-31 | 3.12 |
| 2018-09-30 | 4.51 |
| 2018-06-30 | 3.85 |
| 2018-03-31 | 3.14 |
| 2017-12-31 | 2.71 |
| 2017-09-30 | 0.47 |
| 2017-06-30 | 0.28 |
| 2017-03-31 | 0.73 |
| 2016-12-31 | 0.29 |
| 2016-09-30 | -0.32 |
| 2016-06-30 | 0.29 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess CVR Energy's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
CVR Energy has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
CVI Past Performance
How has CVR Energy performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- CVR Energy's year on year earnings growth rate has been positive over the past 5 years.
- CVR Energy's 1-year earnings growth exceeds its 5-year average (21% vs 11.4%)
- CVR Energy's earnings growth has not exceeded the US Oil and Gas industry average in the past year (21% vs 31.8%).
Earnings and Revenue History
All data from CVR Energy Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 7,073.00 | 330.00 | 120.00 | |
| 2018-12-31 | 7,124.00 | 289.00 | 112.00 | |
| 2018-09-30 | 6,979.00 | 402.00 | 115.00 | |
| 2018-06-30 | 6,497.00 | 334.00 | 114.00 | |
| 2018-03-31 | 6,017.90 | 272.80 | 107.90 | |
| 2017-12-31 | 5,988.00 | 235.00 | 113.00 | |
| 2017-09-30 | 5,748.40 | 41.10 | 109.70 | |
| 2017-06-30 | 5,535.70 | 24.50 | 110.00 | |
| 2017-03-31 | 5,384.00 | 63.10 | 109.40 | |
| 2016-12-31 | 4,782.00 | 25.00 | 107.00 | |
| 2016-09-30 | 4,439.60 | -27.40 | 98.30 | |
| 2016-06-30 | 4,608.10 | 25.10 | 95.60 | |
| 2016-03-31 | 4,949.10 | 98.50 | 97.40 | |
| 2015-12-31 | 5,432.50 | 169.60 | 96.70 | |
| 2015-09-30 | 6,263.70 | 170.20 | 100.50 | |
| 2015-06-30 | 7,134.80 | 120.20 | 107.70 | |
| 2015-03-31 | 8,051.00 | 102.10 | 108.70 | |
| 2014-12-31 | 9,109.50 | 173.90 | 109.70 | |
| 2014-09-30 | 9,703.70 | 196.60 | 114.70 | |
| 2014-06-30 | 9,400.90 | 232.70 | 110.50 | |
| 2014-03-31 | 9,080.80 | 332.40 | 111.40 | |
| 2013-12-31 | 8,985.80 | 370.70 | 113.50 | |
| 2013-09-30 | 8,430.60 | 432.60 | 109.70 | |
| 2013-06-30 | 8,863.10 | 597.50 | 112.50 | |
| 2013-03-31 | 8,951.07 | 568.80 | 159.16 | |
| 2012-12-31 | 8,567.30 | 378.60 | 183.40 | |
| 2012-09-30 | 7,748.67 | 404.26 | 167.57 | |
| 2012-06-30 | 6,691.03 | 304.62 | 154.76 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- CVR Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
- CVR Energy used its assets more efficiently than the US Oil and Gas industry average last year based on Return on Assets.
- CVR Energy has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess CVR Energy's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
CVR Energy has a total score of 5/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
CVI Health
How is CVR Energy's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up CVR Energy's finances.
The net worth of a company is the difference between its assets and liabilities.
- CVR Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- CVR Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from CVR Energy Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 1,658.00 | 1,246.00 | 467.00 |
| 2018-12-31 | 1,868.00 | 1,170.00 | 668.00 |
| 2018-09-30 | 1,863.00 | 1,168.00 | 702.00 |
| 2018-06-30 | 1,687.00 | 1,167.00 | 534.00 |
| 2018-03-31 | 1,741.60 | 1,167.00 | 420.10 |
| 2017-12-31 | 1,704.00 | 1,166.00 | 482.00 |
| 2017-09-30 | 1,622.10 | 1,166.10 | 849.20 |
| 2017-06-30 | 1,640.20 | 1,165.60 | 830.00 |
| 2017-03-31 | 1,704.40 | 1,165.20 | 803.70 |
| 2016-12-31 | 1,709.60 | 1,164.60 | 735.90 |
| 2016-09-30 | 1,759.10 | 1,166.30 | 762.60 |
| 2016-06-30 | 1,813.40 | 1,167.20 | 695.40 |
| 2016-03-31 | 1,517.00 | 667.10 | 686.40 |
| 2015-12-31 | 1,600.50 | 667.20 | 765.20 |
| 2015-09-30 | 1,772.40 | 674.30 | 1,012.10 |
| 2015-06-30 | 1,779.30 | 674.80 | 938.00 |
| 2015-03-31 | 1,684.10 | 675.40 | 889.90 |
| 2014-12-31 | 1,675.30 | 675.90 | 830.30 |
| 2014-09-30 | 1,854.30 | 676.50 | 886.90 |
| 2014-06-30 | 2,103.80 | 677.00 | 1,077.80 |
| 2014-03-31 | 1,950.20 | 677.60 | 966.40 |
| 2013-12-31 | 1,835.40 | 678.10 | 842.10 |
| 2013-09-30 | 1,966.80 | 678.50 | 887.10 |
| 2013-06-30 | 2,032.40 | 678.90 | 1,155.40 |
| 2013-03-31 | 1,897.41 | 679.58 | 1,040.80 |
| 2012-12-31 | 1,660.10 | 901.00 | 896.00 |
| 2012-09-30 | 1,626.11 | 855.08 | 988.23 |
| 2012-06-30 | 1,420.85 | 858.10 | 692.62 |
- CVR Energy's level of debt (75.2%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (34.7% vs 75.2% today).
- Debt is well covered by operating cash flow (66%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 6.1x coverage).
Financial health checks
We assess CVR Energy's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) CVR Energy has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
CVI Dividends
What is CVR Energy's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
CVR Energy
shares you are expected to receive
$136
in your first year as a dividend.
Dividend Amount
- CVR Energy's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
- CVR Energy's dividend is above the markets top 25% of dividend payers in United States of America (3.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| United States of America Oil and Gas Industry Average Dividend Yield | Market Cap Weighted Average of 66 Stocks | 3.7% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2005 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 3.41 | 3.00 |
| 2020-12-31 | 3.28 | 4.00 |
| 2019-12-31 | 3.00 | 3.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-25 | 3.000 | 6.638 |
| 2019-04-24 | 3.000 | 6.867 |
| 2019-02-20 | 3.000 | 7.216 |
| 2018-10-25 | 3.000 | 7.896 |
| 2018-10-24 | 3.000 | 7.916 |
| 2018-05-29 | 3.000 | 7.908 |
| 2018-04-27 | 2.000 | 4.975 |
| 2018-04-26 | 2.000 | 5.543 |
| 2018-02-22 | 2.000 | 6.322 |
| 2017-11-01 | 2.000 | 5.855 |
| 2017-07-27 | 2.000 | 8.894 |
| 2017-05-01 | 2.000 | 9.366 |
| 2017-04-27 | 2.000 | 9.013 |
| 2017-02-21 | 2.000 | 9.937 |
| 2017-02-16 | 2.000 | 8.435 |
| 2016-10-31 | 2.000 | 10.168 |
| 2016-10-27 | 2.000 | 14.976 |
| 2016-07-28 | 2.000 | 13.939 |
| 2016-05-02 | 2.000 | 11.495 |
| 2016-04-28 | 2.000 | 8.251 |
| 2016-02-18 | 2.000 | 8.052 |
| 2015-10-30 | 2.000 | 5.282 |
| 2015-10-29 | 2.000 | 4.540 |
| 2015-07-30 | 2.000 | 4.891 |
| 2015-05-01 | 2.000 | 5.178 |
| 2015-04-30 | 2.000 | 4.897 |
| 2015-02-20 | 4.000 | 9.801 |
| 2015-02-19 | 4.000 | 10.134 |
| 2014-10-30 | 5.000 | 12.121 |
| 2014-07-17 | 5.000 | 10.728 |
| 2014-05-01 | 3.000 | 6.284 |
| 2014-02-20 | 3.000 | 7.039 |
| 2013-11-04 | 3.000 | 7.774 |
| 2013-11-01 | 3.000 | 8.046 |
| 2013-08-02 | 3.000 | 7.322 |
| 2013-08-01 | 3.000 | 6.353 |
| 2013-01-24 | 3.000 | 5.657 |
| 2012-05-01 | 0.320 | 0.957 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- CVR Energy has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Dividend payments have increased, but CVR Energy only paid a dividend in the past 7 years.
Income/ dividend checks
We assess CVR Energy's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can CVR Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) CVR Energy has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
CVI Management
CEO
| COMPENSATION | $1,617,308 |
| AGE | 60 |
| TENURE AS CEO | 1.3 years |
CEO Bio
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, LLC, general Partner of CVR Refining, LP since January 1, 2018. Mr. Lamp serves as Chief Executive Officer and President at Northern Tier Energy LLC. He is an Executive Chairman of CVR GP LLC, the General Partner of CVR Partners, LP. Mr. Lamp has been the Chief Executive Officer and President of Northern Tier Energy GP LLC, a General Partner of Northern Tier Energy LP since March 2014. Mr. Lamp served as Vice President and General Manager of El Paso Energy's Aruba refinery complex. He previously served as Chief Executive Officer and President and a Director of Northern Tier Energy Corporation from March 2014 to July 2016. Mr. Lamp served as President and Co-Chief Executive Officer of CVR Refining GP, LLC, general Partner of CVR Refining, LP since December 1, 2017. Prior to joining El Paso Energy, Mr. Lamp served as Director of Operations for KOSA, a polyester production joint venture between Koch Industries and Saba, where he oversaw KOSA's 15 chemical and fiber plants in the U.S., Canada, Mexico and Europe. Prior to KOSA, Mr. Lamp had a long and distinguished career with Koch Industries, spanning more than 20 years. He served as the President and Chief Operating Officer of Western Refining, Inc. from July 2016 to June 2017. He rose through various positions of increasing authority, ultimately becoming Executive Vice President of Refining and Chemical Operations where he had responsibility for all operating aspects of Koch's 500,000 BPD of crude refining capacity and all of Koch's chemical plants. He served as the President of HollyFrontier Corporation (also known as Holly Corp) since November 5, 2007 until July 2011, Chief Operating Officer from July 2011 to February 28, 2014, Executive Vice President of Refining and Marketing since November 8, 2005, Executive Vice President from July 2011 to February 28, 2014 and Vice President of Refinery Operations from January 21, 2004 to November 2005. He served as Senior Vice President for HollyFrontier Corporation. He served as Vice President of Refinery Operations at Holly Refining & Marketing Company until November 5, 2007. He was a key executive in the merger between Holly Corporation and Frontier Corporation and completed the integration of the two companies in 2011. He has many other accomplishments to his name. He completed the acquisitions of the Sunoco and Sinclair Tulsa refineries in 2009 and led the integration of the two plants. He also sold Montana Refining Company and assisted in the creation and IPO of Holly Energy Partners. Mr. Lamp has more than 37 years of technical, commercial and operational experience in the refining and chemical industries. He served as Chairman and Member of the Board of Directors of American Fuel & Petrochemical Manufacturers until March 26, 2015. He has been a Director of Northern Tier Energy GP LLC since May 2014. He has been a Director of Northern Tier Energy Gp Llc - General Partner at Northern Tier Energy LP since April 2014. He serves as Chairman of the American Fuel & Petrochemical Manufacturers Association. Mr. Lamp obtained a Bachelor of Science degree in Chemical Engineering from Michigan State University.
CEO Compensation
- Insufficient data for Dave to compare compensation growth.
- Dave's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the CVR Energy management team in years:
- The average tenure for the CVR Energy management team is less than 2 years, this suggests a new team.
Management Team
Dave Lamp
President
$2M
60
1.3 yrs
Tracy Jackson
Executive VP & CFO
48
1 yrs
Matt Bley
Chief Accounting Officer & Corporate Controller
36
1 yrs
Melissa Buhrig
Executive VP
42
0.8 yrs
Carl Findley
Director of Labor Relations & Manufacturing Human Resources
6.6 yrs
Mike Puddy
Senior Vice President of Refined Products & Risk Management
9.3 yrs
Mark Pytosh
Executive Vice President of Corporate Services
53
1.3 yrs
Jay Finks
Vice President of Finance & Treasurer
Board of Directors Tenure
Average tenure and age of the CVR Energy board of directors in years:
- The average tenure for the CVR Energy board of directors is less than 3 years, this suggests a new board.
Board of Directors
SungHwan Cho
Chairman of the Board
44
1.3 yrs
Dave Lamp
President
$2M
60
1.3 yrs
Steve Mongillo
Director
$82K
57
7 yrs
Jonathan Frates
Director
35
3.2 yrs
Hunter Gary
Director
43
0.7 yrs
Bob Alexander
Director
$76K
84
7 yrs
James Strock
Independent Director
$77K
62
7 yrs
Patricia Agnello
Director
61
0.7 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess CVR Energy's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) CVR Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
CVI News
Simply Wall St News
CVR Energy, Inc. (NYSE:CVI) Earns A Nice Return On Capital Employed
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for CVR Energy: 0.19 = US$619m ÷ (US$3.9b - US$580m) (Based on the trailing twelve months to March 2019.) So, CVR Energy has an ROCE of 19%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.
Simply Wall St - – Full articleShould You Be Concerned About CVR Energy, Inc.'s (NYSE:CVI) Historical Volatility?
(NYSE:CVI), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … This is above 1, so historically its share price has been influenced by the broader volatility of the stock market. … What this means for you: Since CVR Energy has a reasonably high beta, it's worth considering why it is so heavily influenced by broader market sentiment.
Simply Wall St - – Full articleIncome Investors Should Know The CVR Energy, Inc. (NYSE:CVI) Ex-Dividend Date
To qualify for the dividend check of US$0.75 per share, investors must have owned the shares prior to 03 May 2019, which is the last day the company's management will finalize their list of shareholders to which they will send dividend payments. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I take a deeper dive into CVR Energy's latest financial data to analyse its dividend attributes. … Has it consistently paid a stable dividend without missing a payment or drastically cutting payout?
Simply Wall St - – Full articleIs CVR Energy, Inc. (NYSE:CVI) A High Quality Stock To Own?
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Another way to think of that is that for every $1 worth of equity in the company, it was able to earn $0.22. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleIs CVR Energy, Inc.'s (NYSE:CVI) Balance Sheet Strong Enough To Weather A Storm?
Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like CVR Energy, Inc. … While they are less talked about as an investment category, mid-cap risk-adjusted returns have generally been better than more commonly focused stocks that fall into the small- or large-cap categories. … Today we will look at CVI’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth.
Simply Wall St - – Full articleWhat Does CVR Energy, Inc.'s (NYSE:CVI) P/E Ratio Tell You?
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll show how you can use CVR Energy, Inc.'s (NYSE:CVI) P/E ratio to inform your assessment of the investment opportunity. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleShould CVR Energy, Inc. (NYSE:CVI) Be Part Of Your Dividend Portfolio?
Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … Historically, CVR Energy, Inc. … Let's dig deeper into whether CVR Energy should have a place in your portfolio.
Simply Wall St - – Full articleCan CVR Energy, Inc.'s (NYSE:CVI) ROE Continue To Surpass The Industry Average?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.26 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleCVR Energy, Inc. (NYSE:CVI): Time For A Financial Health Check
Mid-caps stocks, like CVR Energy, Inc. … (NYSE:CVI) with a market capitalization of US$3.7b, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-cap stocks. … While they are less talked about as an investment category, mid-cap risk-adjusted returns have generally been better than more commonly focused stocks that fall into the small- or large-cap categories.
Simply Wall St - – Full articleCan We See Significant Institutional Ownership On The CVR Energy Inc (NYSE:CVI) Share Register?
Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … We'd expect to see both institutions and retail investors owning a portion of the company. … institutions are noticeable on the share registry.
Simply Wall St - – Full articleCVI Company Info
Description
CVR Energy, Inc., through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates in Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets transportation fuels, such as 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.
Details
| Name: | CVR Energy, Inc. |
| CVI | |
| Exchange: | NYSE |
| Founded: | 1906 |
| $4,423,346,356 | |
| 100,530,599 | |
| Website: | http://www.cvrenergy.com |
| Address: |
CVR Energy, Inc. 2277 Plaza Drive, Suite 500, Sugar Land, Texas, 77479, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | CVI | Common Stock | New York Stock Exchange | US | USD | 23. Oct 2007 | |
| DB | FL9 | Common Stock | Deutsche Boerse AG | DE | EUR | 23. Oct 2007 | |
| LSE | 0HRR | Common Stock | London Stock Exchange | GB | USD | 23. Oct 2007 |
Number of employees
Current staff
Industry
| Oil and Gas Refining and Marketing | |
| Energy |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/24 00:07 |
| End of day share price update: | 2019/05/23 00:00 |
| Last estimates confirmation: | 2019/05/21 |
| Last earnings filing: | 2019/04/25 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
