CVI

CVR EnergyNYSE:CVI Stock Report

Market Cap

US$1.4b

7D

4.1%

1Y

4.1%

Updated

18 Sep, 2021

Data

Company Financials +
CVI fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

CVI Overview

CVR Energy, Inc., through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States.

CVR Energy Competitors

Price History & Performance

Summary of all time highs, changes and price drops for CVR Energy
Historical stock prices
Current Share PriceUS$13.91
52 Week HighUS$9.81
52 Week LowUS$27.02
Beta1.95
1 Month Change12.27%
3 Month Change-19.78%
1 Year Change4.12%
3 Year Change-64.52%
5 Year Change-5.44%
Change since IPO-31.31%

Recent News & Updates

Sep 06

CVR Energy: Waiting On The EPA For More Dividends

Following CVR Energy paying their massive special dividend, it was hoped that they would reinstate regular quarterly dividends, but alas this has not eventuated. The primary reason stems from uncertainty regarding upcoming EPA policies that mandate the ethanol blending requirements, which has pushed the prices of RINs through the roof. If nothing changes, RINs are expected to run out in the coming years, and thus, it seems reasonable to expect policy changes and relief for small refiners to be forthcoming. Despite pushing their leverage into the very high territory after paying their massive special dividend, their financial position remains healthy thanks to their strong liquidity. This means that they can afford to continue waiting for the EPA policies to change, and thus, I am still maintaining my bullish rating.

Aug 06
Forecast: Analysts Think CVR Energy, Inc.'s (NYSE:CVI) Business Prospects Have Improved Drastically

Forecast: Analysts Think CVR Energy, Inc.'s (NYSE:CVI) Business Prospects Have Improved Drastically

Celebrations may be in order for CVR Energy, Inc. ( NYSE:CVI ) shareholders, with the analysts delivering a significant...

Shareholder Returns

CVIUS Oil and GasUS Market
7D4.1%2.8%-0.6%
1Y4.1%52.5%33.8%

Return vs Industry: CVI underperformed the US Oil and Gas industry which returned 52.4% over the past year.

Return vs Market: CVI underperformed the US Market which returned 33.6% over the past year.

Price Volatility

Is CVI's price volatile compared to industry and market?
CVI volatility
CVI Beta1.95
Industry Beta1.82
Market Beta1

Stable Share Price: CVI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: CVI's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19061,423Dave Lamphttps://www.cvrenergy.com

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.

CVR Energy Fundamentals Summary

How do CVR Energy's earnings and revenue compare to its market cap?
CVI fundamental statistics
Market CapUS$1.40b
Earnings (TTM)-US$209.00m
Revenue (TTM)US$5.37b

0.3x

P/S Ratio

-6.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CVI income statement (TTM)
RevenueUS$5.37b
Cost of RevenueUS$5.29b
Gross ProfitUS$84.00m
ExpensesUS$293.00m
Earnings-US$209.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-2.08
Gross Margin1.56%
Net Profit Margin-3.89%
Debt/Equity Ratio244.0%

How did CVI perform over the long term?

See historical performance and comparison

Valuation

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 ($13.91) is trading below our estimate of fair value ($59.51)

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


Price To Earnings Ratio

PE vs Industry: CVI is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.

PE vs Market: CVI is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CVI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CVI is overvalued based on its PB Ratio (2.9x) compared to the US Oil and Gas industry average (1.8x).


Future Growth

How is CVR Energy forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

147.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: CVI's revenue (3.3% per year) is forecast to grow slower than the US market (9.7% per year).

High Growth Revenue: CVI's revenue (3.3% 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 low in 3 years time (8.3%).


Past Performance

How has CVR Energy performed over the past 5 years?

-14.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CVI is currently unprofitable.

Growing Profit Margin: CVI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CVI is unprofitable, and losses have increased over the past 5 years at a rate of 14.7% per year.

Accelerating Growth: Unable to compare CVI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CVI is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-19.4%).


Return on Equity

High ROE: CVI has a negative Return on Equity (-36.42%), as it is currently unprofitable.


Financial Health

How is CVR Energy's financial position?


Financial Position Analysis

Short Term Liabilities: CVI's short term assets ($1.2B) exceed its short term liabilities ($1.1B).

Long Term Liabilities: CVI's short term assets ($1.2B) do not cover its long term liabilities ($2.0B).


Debt to Equity History and Analysis

Debt Level: CVI's debt to equity ratio (244%) is considered high.

Reducing Debt: CVI's debt to equity ratio has increased from 61.8% to 244% over the past 5 years.

Debt Coverage: CVI's debt is well covered by operating cash flow (23.4%).

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


Balance Sheet


Dividend

What is CVR Energy current dividend yield, its reliability and sustainability?

7.37%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CVI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CVI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CVI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CVI's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: CVI is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CVI's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

3.4yrs

Average management tenure


CEO

Dave Lamp (63 yo)

3.67yrs

Tenure

US$3,164,806

Compensation

Mr. David L. Lamp, also known as Dave, is an Executive Chairman of CVR Partners, LP at CVR GP LLC since January 2018 and serves as its Chairman since 2018. He serves as Director of CVR Partners, LP at CVR...


CEO Compensation Analysis

Compensation vs Market: Dave's total compensation ($USD3.16M) is about average for companies of similar size in the US market ($USD3.67M).

Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CVI's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: CVI'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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

CVR Energy, Inc.'s 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$1.398b
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 00:50
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.