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.


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

2.7%

CVI

1.7%

US Oil and Gas

1.0%

US Market


1 Year Return

17.0%

CVI

-21.2%

US Oil and Gas

6.7%

US Market

Return vs Industry: CVI exceeded the US Oil and Gas industry which returned -21.2% over the past year.

Return vs Market: CVI exceeded the US Market which returned 6.7% over the past year.


Share holder returns

CVIIndustryMarket
7 Day2.7%1.7%1.0%
30 Day6.6%-3.7%-1.8%
90 Day-18.4%-8.3%-1.8%
1 Year25.3%17.0%-18.3%-21.2%9.1%6.7%
3 Year290.7%205.7%-5.7%-14.1%46.1%36.6%
5 Year51.3%2.6%-21.8%-32.6%66.9%48.6%

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

Undervalued: CVI ($43.75) is trading below our estimate of fair value ($94.72)

Significantly Undervalued: CVI is trading below fair value by more than 20%.


Price Based on Earnings

PE vs Industry: CVI is poor value based on its PE Ratio (10.8x) compared to the Oil and Gas industry average (9.9x).

PE vs Market: CVI is good value based on its PE Ratio (10.8x) compared to the US market (17.5x).


Price Based on Expected Growth

Low PEG Ratio: CVI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price Based on Value of Assets

PB vs Industry: CVI is overvalued based on its PB Ratio (3.2x) compared to the US Oil and Gas industry average (0.9x).


Next Steps

Future Growth

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

-3.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: CVI's earnings are forecast to decline over the next 3 years (-3.9% per year).

Earnings vs Market: CVI's earnings are forecast to decline over the next 3 years (-3.9% per year).

High Growth Earnings: CVI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CVI's revenue is expected to decline over the next 3 years (-4.3% per year).

High Growth Revenue: CVI's revenue is forecast to decline over the next 3 years (-4.3%).


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: CVI's Return on Equity is forecast to be low in 3 years time (17.2%).


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

Earnings Trend: CVI's earnings have grown significantly by 22.8% per year over the past 5 years.

Accelerating Growth: CVI's earnings growth over the past year (23.6%) exceeds its 5-year average (22.8% per year).

Earnings vs Industry: CVI earnings growth over the past year (23.6%) exceeded the Oil and Gas industry 22.6%.


Return on Equity

High ROE: CVI's Return on Equity (28.1%) is considered high.


Return on Assets

ROA vs Industry: CVI has a higher Return on Assets than the Oil and Gas industry average last year.


Return on Capital Employed

ROCE Improving: CVI has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is CVR Energy's financial position?


Financial Position Analysis

Short Term Liabilities: CVI's short term assets ($1.2B) exceeds its short term liabilities ($482.0M)

Long Term Liabilities: CVI's short term assets (1.2B) do not cover its long term liabilities (1.6B)


Debt to Equity History and Analysis

Debt Level: CVI's debt to equity ratio (66.1%) is considered high

Reducing Debt: CVI's debt to equity ratio has increased from 29.8% to 66.1% over the past 5 years.

Debt Coverage: CVI's debt is well covered by operating cash flow (67.9%).

Interest Coverage: CVI's interest payments on its debt are well covered by EBIT (6.8x coverage).


Balance Sheet

Inventory Level: CVI has a high level of physical assets or inventory.

Debt Coverage by Assets: CVI's debt is covered by short term assets (assets are 1.025700x debt).


Next Steps

Dividend

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

6.86%

Expected Dividend Yield


Dividend Yield vs Market

company6.9%marketbottom25%1.5%markettop25%3.8%industryaverage3.9%forecastin3Years6.9%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: CVI's dividend (6.86%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: CVI's dividend (6.86%) is in the top 25% of dividend payers in the US market (3.77%)

Stable Dividend: CVI has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: CVI's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (74%), CVI's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CVI's dividends in 3 years are not forecast to be well covered by earnings (95.3% payout ratio).


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Dave Lamp (61yo)

1.8yrs

Tenure

US$4,395,099

Compensation

Mr. David L. Lamp, also known as Dave, serves as the President, Chief Executive Officer and Director of CVR Energy Inc. Mr. Lamp has been President, Chief Executive Officer and Director of CVR Refining GP, ...


CEO Compensation Analysis

Compensation vs. Market: Dave has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

Compensation vs Earnings: Dave's compensation has increased by more than 20% in the past year.


Management Age and Tenure

1.8yrs

Average Tenure

49yo

Average Age

Experienced Management: CVI's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Age and Tenure

2.7yrs

Average Tenure

59.5yo

Average Age

Experienced Board: CVI's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Dave Lamp (61yo)

    President

    • Tenure: 1.8yrs
    • Compensation: US$4.40m
  • Mark Pytosh (54yo)

    Executive Vice President of Corporate Services

    • Tenure: 1.8yrs
    • Compensation: US$2.73m
  • Mike Puddy

    Senior Vice President of Refined Products & Risk Management

    • Tenure: 9.8yrs
  • Carl Findley

    Director of Labor Relations & Manufacturing Human Resources

    • Tenure: 7yrs
  • Melissa Buhrig (43yo)

    Executive VP

    • Tenure: 1.3yrs
    • Compensation: US$2.74m
  • Jay Finks

    Vice President of Finance & Treasurer

    • Tenure: 0yrs
  • Tracy Jackson (49yo)

    Executive VP & CFO

    • Tenure: 1.4yrs
    • Compensation: US$2.06m
  • Matt Bley (37yo)

    Chief Accounting Officer & Corporate Controller

    • Tenure: 1.4yrs

Board Members

  • Bob Alexander (85yo)

    Independent Director

    • Tenure: 7.4yrs
    • Compensation: US$51.00k
  • James Strock (63yo)

    Independent Director

    • Tenure: 7.4yrs
    • Compensation: US$52.00k
  • Dave Lamp (61yo)

    President

    • Tenure: 1.8yrs
    • Compensation: US$4.40m
  • SungHwan Cho (45yo)

    Chairman of the Board

    • Tenure: 1.8yrs
  • Hunter Gary (44yo)

    Director

    • Tenure: 1.1yrs
  • Steve Mongillo (58yo)

    Independent Director

    • Tenure: 7.4yrs
    • Compensation: US$57.00k
  • Jonathan Frates (36yo)

    Director

    • Tenure: 3.6yrs
  • Patricia Agnello (62yo)

    Director

    • Tenure: 1.1yrs

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$4.398b
  • 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

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 Analysis2019/10/14 02:05
End of Day Share Price2019/10/11 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.

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