NYSE:CVI

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Outstanding track record and fair value.

Risks

  • CVR Energy has significant price volatility in the past 3 months.

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


Market Performance


7 Day Return

-6.4%

NYSE:CVI

-2.6%

US Oil and Gas

-1.9%

US Market


1 Year Return

4.2%

NYSE:CVI

-26.1%

US Oil and Gas

-3.3%

US Market

CVI outperformed the Oil and Gas industry which returned -26% over the past year.

CVI outperformed the Market in United States of America which returned -3% over the past year.


Share holder returns

CVIIndustryMarket
7 Day-6.4%-2.6%-1.9%
30 Day-27.3%-10.4%-6.2%
90 Day-8.9%-10.3%0.3%
1 Year11.6%4.2%-23.3%-26.1%-1.1%-3.3%
3 Year262.2%183.5%-9.6%-17.7%37.9%28.9%
5 Year19.2%-19.2%-34.8%-43.8%50.8%34.1%

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

Valuation

Is CVR Energy undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

CVR Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).

CVR Energy's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

CVR Energy is overvalued 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

CVR Energy earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

CVR Energy is overvalued based on assets compared to the US Oil and Gas industry average.


Next Steps

Future Growth

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

-17.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

CVR Energy's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

CVR Energy's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

CVR Energy's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.

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 earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

CVR Energy is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has CVR Energy performed over the past 5 years?

22.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

CVR Energy has delivered over 20% year on year earnings growth in the past 5 years.

CVR Energy's 1-year earnings growth exceeds its 5-year average (23.6% vs 22.8%)

CVR Energy's earnings growth has exceeded the US Oil and Gas industry average in the past year (23.6% vs 22.6%).


Return on Equity

CVR Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

CVR Energy used its assets more efficiently than the US Oil and Gas industry average last year based on Return on Assets.


Return on Capital Employed

CVR Energy has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is CVR Energy's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

CVR Energy's level of debt (66.1%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (29.8% vs 66.1% today).

Debt is well covered by operating cash flow (67.9%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 6.8x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1x debt.


Next Steps

Dividend

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

7.54%

Expected Dividend Yield


Dividend Yield and Payments Analysis

CVR Energy's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.52%).

CVR Energy's dividend is above the markets top 25% of dividend payers in United States of America (3.93%).

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

Dividends paid are covered by earnings (1.4x coverage).


Future Payout to Shareholders

Dividends after 3 years are not well covered by earnings (0.8x coverage).


Next Steps

Management

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

1.6yrs

Average management tenure


CEO

Dave Lamp (61yo)

1.6yrs

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

Dave's remuneration is about average for companies of similar size in United States of America.

Dave's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.


Management Age and Tenure

1.6yrs

Average Tenure

49yo

Average Age

The average tenure for the CVR Energy management team is less than 2 years, this suggests a new team.


Board Age and Tenure

2.5yrs

Average Tenure

59.5yo

Average Age

The average tenure for the CVR Energy board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Dave Lamp (61yo)

    President

    • Tenure: 1.6yrs
    • Compensation: US$4.40m
  • Mark Pytosh (54yo)

    Executive Vice President of Corporate Services

    • Tenure: 1.6yrs
    • Compensation: US$2.73m
  • Mike Puddy

    Senior Vice President of Refined Products & Risk Management

    • Tenure: 9.6yrs
  • Carl Findley

    Director of Labor Relations & Manufacturing Human Resources

    • Tenure: 6.8yrs
  • Melissa Buhrig (43yo)

    Executive VP

    • Tenure: 1.1yrs
    • Compensation: US$2.74m
  • Jay Finks

    Vice President of Finance & Treasurer

    • Tenure: 0.0yrs
  • Tracy Jackson (49yo)

    Executive VP & CFO

    • Tenure: 1.3yrs
    • Compensation: US$2.06m
  • Matt Bley (37yo)

    Chief Accounting Officer & Corporate Controller

    • Tenure: 1.3yrs

Board Members

  • Bob Alexander (85yo)

    Director

    • Tenure: 7.3yrs
    • Compensation: US$51.00k
  • James Strock (63yo)

    Independent Director

    • Tenure: 7.3yrs
    • Compensation: US$52.00k
  • Dave Lamp (61yo)

    President

    • Tenure: 1.6yrs
    • Compensation: US$4.40m
  • SungHwan Cho (45yo)

    Chairman of the Board

    • Tenure: 1.6yrs
  • Hunter Gary (44yo)

    Director

    • Tenure: 0.9yrs
  • Steve Mongillo (58yo)

    Director

    • Tenure: 7.3yrs
    • Compensation: US$57.00k
  • Jonathan Frates (36yo)

    Director

    • Tenure: 3.4yrs
  • Patricia Agnello (62yo)

    Director

    • Tenure: 0.9yrs

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$4.032b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FL9DB (Deutsche Boerse AG)YesCommon StockDEEUROct 2007
CVINYSE (New York Stock Exchange)YesCommon StockUSUSDOct 2007
0HRRLSE (London Stock Exchange)YesCommon StockGBUSDOct 2007

Biography

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 se ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/26 00:17
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.