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CVR Energy

NYSE:CVI
Snowflake Description

Proven track record with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CVI
NYSE
$4B
Market Cap
  1. Home
  2. US
  3. Energy
Company description

CVR Energy, Inc., through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The last earnings update was 118 days ago. More info.


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  • CVR Energy has significant price volatility in the past 3 months.
CVI Share Price and Events
7 Day Returns
2.4%
NYSE:CVI
4.6%
US Oil and Gas
2.3%
US Market
1 Year Returns
32.1%
NYSE:CVI
-1.9%
US Oil and Gas
0.9%
US Market
CVI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CVR Energy (CVI) 2.4% 8.4% 12.3% 32.1% 78.1% 1.7%
US Oil and Gas 4.6% 2.8% 1% -1.9% 18.5% -24.6%
US Market 2.3% 4.2% 5.6% 0.9% 43.6% 40.9%
1 Year Return vs Industry and Market
  • CVI outperformed the Oil and Gas industry which returned -1.9% over the past year.
  • CVI outperformed the Market in United States of America which returned 0.9% over the past year.
Price Volatility
CVI
Industry
5yr Volatility vs Market

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.
Raw Data    Our calculation method for this is changing soon.

Below are the data sources, inputs and calculation used to determine the intrinsic value for CVR Energy.

NYSE:CVI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11%
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.

Calculation of Discount Rate/ Cost of Equity for NYSE:CVI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.3%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.933 (1 + (1- 21%) (27.22%))
1.133
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.13
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.133 * 7.27%)
10.97%

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 use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:CVI DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 492.00 400.00 354.34 313.89 278.06
Source Analyst x1 Analyst x1 Est @ -11.42% Est @ -11.42% Est @ -11.42%
Present Value
Discounted (@ 10.97%)
443.36 324.83 259.30 207.00 165.24
Present value of next 5 years cash flows $1,399.74
NYSE:CVI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $278.06 × (1 + 2.73%) ÷ (10.97% – 2.73%)
$3,466.85
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $3,466.85 ÷ (1 + 10.97%)5
$2,060.23
NYSE:CVI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $1,399.74 + $2,060.23
$3,459.97
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,459.97 / 100.53
$34.42
NYSE:CVI Discount to Share Price
Calculation Result
Value per share (USD) From above. $34.42
Current discount Discount to share price of $42.68
= -1 x ($42.68 - $34.42) / $34.42
-24%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of CVR Energy is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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?
Raw Data
NYSE:CVI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $4.57
NYSE:CVI Share Price ** NYSE (2019-02-19) in USD $42.68
United States of America Oil and Gas Industry PE Ratio Median Figure of 91 Publicly-Listed Oil and Gas Companies 12.24x
United States of America Market PE Ratio Median Figure of 3,044 Publicly-Listed Companies 17.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of CVR Energy.

NYSE:CVI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:CVI Share Price ÷ EPS (both in USD)

= 42.68 ÷ 4.57

9.33x

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?
Raw Data
NYSE:CVI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-9.2%per year
United States of America Oil and Gas Industry PEG Ratio Median Figure of 64 Publicly-Listed Oil and Gas Companies 0.49x
United States of America Market PEG Ratio Median Figure of 2,118 Publicly-Listed Companies 1.41x

*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?
Raw Data
NYSE:CVI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $12.32
NYSE:CVI Share Price * NYSE (2019-02-19) in USD $42.68
United States of America Oil and Gas Industry PB Ratio Median Figure of 194 Publicly-Listed Oil and Gas Companies 1.13x
United States of America Market PB Ratio Median Figure of 5,132 Publicly-Listed Companies 1.85x
NYSE:CVI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:CVI Share Price ÷ Book Value per Share (both in USD)

= 42.68 ÷ 12.32

3.46x

* 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.
X
Value checks
We assess CVR Energy's value by looking at:
  1. 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. )
  2. 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)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. 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 1 analyst?

  • 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!
Annual Growth Rate
-9.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CVR Energy expected to grow at an attractive rate?
  • 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
Raw Data
NYSE:CVI Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:CVI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -9.2%
NYSE:CVI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -10.6%
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
Raw Data
NYSE:CVI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:CVI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 5,659 1
2019-12-31 5,829 1
2018-12-31 7,069 1
NYSE:CVI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 6,979 359 407
2018-06-30 6,497 154 339
2018-03-31 6,018 54 278
2017-12-31 5,988 167 234
2017-09-30 5,748 376 41
2017-06-30 5,536 440 25
2017-03-31 5,384 383 63
2016-12-31 4,782 268 25
2016-09-30 4,440 143 -27
2016-06-30 4,608 230 25
2016-03-31 4,949 380 99
2015-12-31 5,433 537 170

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CVR Energy's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • CVR Energy's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:CVI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from CVR Energy Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CVI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
2018-12-31
NYSE:CVI Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 4.57
2018-06-30 3.91
2018-03-31 3.21
2017-12-31 2.70
2017-09-30 0.47
2017-06-30 0.28
2017-03-31 0.73
2016-12-31 0.28
2016-09-30 -0.32
2016-06-30 0.29
2016-03-31 1.13
2015-12-31 1.95

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if CVR Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess CVR Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
CVR Energy has a total score of 0/6, 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
Below we compare CVR Energy's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • CVR Energy's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • CVR Energy's 1-year earnings growth exceeds its 5-year average (891.2% vs -10.2%)
  • CVR Energy's earnings growth has exceeded the US Oil and Gas industry average in the past year (891.2% vs 71.6%).
Earnings and Revenue History
CVR Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from CVR Energy Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CVI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 6,979.40 407.40 116.20
2018-06-30 6,497.40 339.40 115.20
2018-03-31 6,017.80 278.40 110.00
2017-12-31 5,988.40 234.40 115.20
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 4,782.40 24.70 106.30
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
2012-03-31 5,830.48 274.79 97.27

*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's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CVR Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
CVR Energy has a total score of 4/6, 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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of CVR Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.2x 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.
Raw Data

All data from CVR Energy Company Filings, last reported 4 months ago.

NYSE:CVI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
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 1,166.50 481.90
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
2012-03-31 1,274.69 861.89 500.93
  • CVR Energy's level of debt (62.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (34.5% vs 62.7% today).
  • Debt is well covered by operating cash flow (30.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.9x coverage).
X
Financial health checks
We assess CVR Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. CVR Energy has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
7.03%
Current annual income from CVR Energy dividends. Estimated to be 8.33% next year.
If you bought $2,000 of CVR Energy shares you are expected to receive $141 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • CVR Energy's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).
  • CVR Energy's dividend is above the markets top 25% of dividend payers in United States of America (3.56%).
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.
Raw Data
NYSE:CVI Annualized Past and Future Dividends
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 1 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 61 Stocks 3.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 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 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:CVI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 3.73 2.00
2019-12-31 3.38 2.00
2018-12-31 2.63 2.00
NYSE:CVI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-10-25 3.000 7.907
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.
Current Payout to shareholders
What portion of CVR Energy's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.8x coverage).
X
Income/ dividend checks
We assess CVR Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dave Lamp
COMPENSATION $1,617,308
AGE 60
TENURE AS CEO 1.1 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:

1.1
Average Tenure
48
Average Age
  • The average tenure for the CVR Energy management team is less than 2 years, this suggests a new team.
Management Team

Dave Lamp

TITLE
CEO, President & Director
COMPENSATION
$2M
AGE
60
TENURE
1.1 yrs

Tracy Jackson

TITLE
Executive VP & CFO
AGE
48
TENURE
0.8 yrs

Matt Bley

TITLE
Chief Accounting Officer & Corporate Controller
AGE
36
TENURE
0.8 yrs

Melissa Buhrig

TITLE
Executive VP
AGE
42
TENURE
0.6 yrs

Carl Findley

TITLE
Director of Labor Relations & Manufacturing Human Resources
TENURE
6.3 yrs

Mike Puddy

TITLE
Senior Vice President of Refined Products & Risk Management
TENURE
9.1 yrs

Mark Pytosh

TITLE
Executive Vice President of Corporate Services
AGE
53
TENURE
1.1 yrs
Board of Directors Tenure

Average tenure and age of the CVR Energy board of directors in years:

2
Average Tenure
58.5
Average Age
  • 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

TITLE
Chairman of the Board
AGE
44
TENURE
1.1 yrs

Dave Lamp

TITLE
CEO, President & Director
COMPENSATION
$2M
AGE
60
TENURE
1.1 yrs

Steve Mongillo

TITLE
Director
COMPENSATION
$82K
AGE
57
TENURE
6.8 yrs

Jonathan Frates

TITLE
Director
AGE
35
TENURE
2.9 yrs

Hunter Gary

TITLE
Director
AGE
43
TENURE
0.4 yrs

Bob Alexander

TITLE
Director
COMPENSATION
$76K
AGE
84
TENURE
6.8 yrs

James Strock

TITLE
Independent Director
COMPENSATION
$77K
AGE
62
TENURE
6.8 yrs

Patricia Agnello

TITLE
Director
AGE
61
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess CVR Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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

Should 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 -

Can 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 -

CVR 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 -

Can 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 -

How CVR Energy Inc (NYSE:CVI) Delivered A Better ROE Than Its Industry

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows CVR Energy has a return on equity of 23% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

CVR Energy Inc (NYSE:CVI): Dividend Is Coming In 2 Days, Should You Buy?

Investors who want to cash in on CVR Energy Inc's (NYSE:CVI) upcoming dividend of US$0.75 per share have only 2 days left to buy the shares before its ex-dividend date, 03 August 2018, in time for dividends payable on the 13 August 2018. … Has it consistently paid a stable dividend without missing a payment or drastically cutting payout? … Based on future earnings growth, will it be able to continue to payout dividend at the current rate

Simply Wall St -

Is CVR Energy Inc's (NYSE:CVI) PE Ratio A Signal To Buy For Investors?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to learn about the link between company’s fundamentals and stock market performance. … While this makes CVI appear like a great stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio.

Simply Wall St -

Should You Buy CVR Energy Inc (NYSE:CVI) For Its Dividend?

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … CVR Energy Inc (NYSE:CVI) has returned to shareholders over the past 6 years, an average dividend yield of 8.00% annually. … Here's how I find good dividend stocks

Simply Wall St -

Is CVR Energy Inc's (NYSE:CVI) ROE Of 16.21% Sustainable?

CVR Energy Inc (NYSE:CVI) outperformed the oil and gas refining and marketing industry on the basis of its ROE – producing a higher 16.21% relative to the peer average of 11.36% over the past 12 months. … If CVI borrows debt to invest in its business, its profits will be higher. … But ROE does not capture any debt, so we only see high profits and low equity, which is great on the surface

Simply Wall St -

Interested In CVR Energy Inc (NYSE:CVI)’s Upcoming $0.5 Dividend? You Have 3 Days Left

Is this future income stream a compelling catalyst for dividend investors to think about the stock as an investment today? … Check out our latest analysis for CVR Energy 5 questions to ask before buying a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is it the top 25% annual dividend yield payer? … NYSE:CVI Historical Dividend Yield Apr 30th 18 How well does CVR Energy fit our criteria?

Simply Wall St -

CVI Company Info

Map
Description

CVR Energy, Inc., through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates through, Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets transportation fuels, such as gasoline, diesel fuel, pet coke, natural gas liquids, slurry, sulfur, gas oil, asphalt, jet fuel, and other products. This segment owns and operates a coking medium-sour crude oil refinery in Coffeyville, Kansas; a crude oil refinery in Wynnewood, Oklahoma; and a crude oil gathering system serving Kansas, Nebraska, Oklahoma, Missouri, Colorado, and Texas. It also owns a proprietary pipeline system that transports crude oil from Caney, Kansas to its refinery; and supplies products through tanker trucks directly to customers located in Coffeyville, Kansas, and Wynnewood, Oklahoma, as well as to customers at throughput terminals on Magellan Midstream Partners, L.P. and NuStar Energy, LP’s refined products distribution systems. This segment primarily serves retailers, railroads, farm co-operatives, and other refiners/marketers. The Nitrogen Fertilizer segment operates a nitrogen fertilizer plant in North America that utilizes a pet coke gasification process to produce nitrogen fertilizer products. It markets UAN, an aqueous solution of urea and ammonium nitrate 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
$4,290,645,965
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
Staff numbers
1,440
CVR Energy employees.
Industry
Oil and Gas Refining and Marketing
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/20 06:37
End of day share price update: 2019/02/19 00:00
Last estimates confirmation: 2019/01/28
Last earnings filing: 2018/10/25
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.