NYSE:CVI

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Good value with reasonable growth potential.


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

Stable Share Price: CVI's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-10.1%

CVI

-2.0%

US Oil and Gas

-1.3%

US Market


1 Year Return

-74.7%

CVI

-46.7%

US Oil and Gas

18.5%

US Market

Return vs Industry: CVI underperformed the US Oil and Gas industry which returned -46.7% over the past year.

Return vs Market: CVI underperformed the US Market which returned 18.5% over the past year.


Shareholder returns

CVIIndustryMarket
7 Day-10.1%-2.0%-1.3%
30 Day-11.4%-4.9%5.3%
90 Day-43.6%-17.2%7.5%
1 Year-72.9%-74.7%-43.4%-46.7%21.3%18.5%
3 Year-49.2%-58.5%-45.9%-53.0%42.4%32.9%
5 Year-60.3%-73.4%-42.3%-53.5%84.2%63.5%

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 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 ($11.3) is trading below our estimate of fair value ($23.43)

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


Price To Earnings Ratio

PE vs Industry: CVI is poor value based on its PE Ratio (16x) compared to the US Oil and Gas industry average (7.6x).

PE vs Market: CVI is good value based on its PE Ratio (16x) compared to the US market (19x).


Price to Earnings Growth Ratio

PEG Ratio: CVI is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: CVI is overvalued based on its PB Ratio (1x) compared to the US Oil and Gas industry average (0.8x).


Next Steps

Future Growth

How is CVR Energy forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

49.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CVI's forecast earnings growth (49.3% per year) is above the savings rate (2.2%).

Earnings vs Market: CVI's earnings (49.3% per year) are forecast to grow faster than the US market (22.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CVI's revenue (15.5% per year) is forecast to grow faster than the US market (10.1% per year).

High Growth Revenue: CVI's revenue (15.5% 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 (5.3%).


Next Steps

Past Performance

How has CVR Energy performed over the past 5 years?

27.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CVI has a large one-off loss of $49.0M impacting its June 30 2020 financial results.

Growing Profit Margin: CVI's current net profit margins (1.4%) are lower than last year (5.5%).


Past Earnings Growth Analysis

Earnings Trend: CVI's earnings have grown significantly by 27.7% per year over the past 5 years.

Accelerating Growth: CVI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CVI had negative earnings growth (-81%) over the past year, making it difficult to compare to the Oil and Gas industry average (-38%).


Return on Equity

High ROE: CVI's Return on Equity (-0.07%) is considered low.


Next Steps

Financial Health

How is CVR Energy's financial position?


Financial Position Analysis

Short Term Liabilities: CVI's short term assets ($1.3B) exceed its short term liabilities ($369.0M).

Long Term Liabilities: CVI's short term assets ($1.3B) do not cover its long term liabilities ($2.1B).


Debt to Equity History and Analysis

Debt Level: CVI's debt to equity ratio (115.9%) is considered high.

Reducing Debt: CVI's debt to equity ratio has increased from 35.2% to 115.9% over the past 5 years.

Debt Coverage: CVI's debt is not well covered by operating cash flow (19.2%).

Interest Coverage: CVI's interest payments on its debt are not well covered by EBIT (1.8x coverage).


Balance Sheet


Next Steps

Dividend

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

5.15%

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?

2.8yrs

Average management tenure


CEO

Dave Lamp (62 yo)

2.75yrs

Tenure

US$4,290,364

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's total compensation ($USD4.29M) is above average for companies of similar size in the US market ($USD2.85M).

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


Leadership Team

NamePositionTenureCompensationOwnership
David Lamp
President2.75yrsUS$4.29mno data
Tracy Jackson
Executive VP & CFO2.42yrsUS$1.84mno data
Melissa Buhrig
Executive VP2.25yrsUS$2.20mno data
Mark Pytosh
Executive Vice President of Corporate Services2.75yrsUS$2.95mno data
David Landreth
Executive VP & Chief Commercial Officer2.75yrsUS$2.11m0.0069%
$ 78.7k
Matthew Bley
Chief Accounting Officer & Corporate Controller2.42yrsno datano data
Richard Roberts
Investor Relations Officerno datano datano data
Carl Findley
Director of Labor Relations & Manufacturing Human Resources8yrsno datano data
Mike Puddy
Senior Vice President of Refined Products & Risk Management10.75yrsno datano data
Jay Finks
Vice President of Finance & Treasurerno datano datano data

2.8yrs

Average Tenure

52.5yo

Average Age

Experienced Management: CVI's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
David Lamp
President2.75yrsUS$4.29mno data
James Strock
Independent Director8.42yrsUS$54.94kno data
SungHwan Cho
Chairman of the Board2.75yrsno datano data
Hunter Gary
Director2.08yrsno datano data
Stephen Mongillo
Independent Director8.42yrsUS$57.00kno data
Jonathan Frates
Director4.58yrsno datano data
Patricia Agnello
Director2.08yrsno datano data
Jaffrey Firestone
Independent Director0.50yrno datano data

2.8yrs

Average Tenure

60.5yo

Average Age

Experienced Board: CVI's board of directors are not considered experienced ( 2.8 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 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$1.136b
  • 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 through two segments, Petroleum and Nit ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 23:52
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.