CF Industries Holdings
Market Cap
US$6.6b
Last Updated
2020/06/03 02:57 UTC
Data Sources
Company Financials +
Executive Summary
CF Industries Holdings, Inc. manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -1.6% per year for the next 3 years
Snowflake Analysis
Established dividend payer and good value.
Similar Companies
Share Price & News
How has CF Industries Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CF's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
3.1%
CF
3.0%
US Chemicals
1.7%
US Market
1 Year Return
-27.3%
CF
-4.1%
US Chemicals
8.5%
US Market
Return vs Industry: CF underperformed the US Chemicals industry which returned -3.4% over the past year.
Return vs Market: CF underperformed the US Market which returned 9.3% over the past year.
Shareholder returns
| CF | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.1% | 3.0% | 1.7% |
| 30 Day | 17.6% | 12.5% | 9.5% |
| 90 Day | -18.6% | 0.3% | 0.1% |
| 1 Year | -24.9%-27.3% | -1.9%-4.1% | 11.0%8.5% |
| 3 Year | 29.2%17.9% | 12.5%-8.3% | 32.2%23.5% |
| 5 Year | -42.9%-51.8% | 22.4%-4.2% | 58.6%40.8% |
Price Volatility Vs. Market
How volatile is CF Industries Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Should You Use CF Industries Holdings's (NYSE:CF) Statutory Earnings To Analyse It?2 weeks ago | Simply Wall St
Who Has Been Selling CF Industries Holdings, Inc. (NYSE:CF) Shares?3 weeks ago | Simply Wall St
Interested In CF Industries Holdings, Inc.'s (NYSE:CF) Upcoming US$0.30 Dividend? You Have 3 Days LeftValuation
Is CF Industries Holdings undervalued compared to its fair value and its price relative to the market?
42.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CF ($29.59) is trading below our estimate of fair value ($53.07)
Significantly Below Fair Value: CF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CF is good value based on its PE Ratio (13.7x) compared to the Chemicals industry average (20.9x).
PE vs Market: CF is good value based on its PE Ratio (13.7x) compared to the US market (15.7x).
Price to Earnings Growth Ratio
PEG Ratio: CF's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: CF is overvalued based on its PB Ratio (2.3x) compared to the US Chemicals industry average (1.9x).
Next Steps
Future Growth
How is CF Industries Holdings forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
-1.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CF's earnings are forecast to decline over the next 3 years (-1.6% per year).
Earnings vs Market: CF's earnings are forecast to decline over the next 3 years (-1.6% per year).
High Growth Earnings: CF's earnings are forecast to decline over the next 3 years.
Revenue vs Market: CF's revenue (2.6% per year) is forecast to grow slower than the US market (8.8% per year).
High Growth Revenue: CF's revenue (2.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CF's Return on Equity is forecast to be low in 3 years time (14.2%).
Next Steps
Past Performance
How has CF Industries Holdings performed over the past 5 years?
-7.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CF has high quality earnings.
Growing Profit Margin: CF's current net profit margins (10.3%) are higher than last year (7.1%).
Past Earnings Growth Analysis
Earnings Trend: CF's earnings have declined by -7.3% per year over the past 5 years.
Accelerating Growth: CF's earnings growth over the past year (47.9%) exceeds its 5-year average (-7.3% per year).
Earnings vs Industry: CF earnings growth over the past year (47.9%) exceeded the Chemicals industry -11.3%.
Return on Equity
High ROE: CF's Return on Equity (11.5%) is considered low.
Next Steps
Financial Health
How is CF Industries Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: CF's short term assets ($1.5B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: CF's short term assets ($1.5B) do not cover its long term liabilities ($5.8B).
Debt to Equity History and Analysis
Debt Level: CF's debt to equity ratio (82.5%) is considered high.
Reducing Debt: CF's debt to equity ratio has reduced from 103.9% to 82.5% over the past 5 years.
Debt Coverage: CF's debt is well covered by operating cash flow (33.4%).
Interest Coverage: CF's interest payments on its debt are well covered by EBIT (4.5x coverage).
Balance Sheet
Next Steps
Dividend
What is CF Industries Holdings's current dividend yield, its reliability and sustainability?
3.88%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CF's dividend (4.06%) is higher than the bottom 25% of dividend payers in the US market (1.69%).
High Dividend: CF's dividend (4.06%) is low compared to the top 25% of dividend payers in the US market (4.55%).
Stability and Growth of Payments
Stable Dividend: CF's dividends per share have been stable in the past 10 years.
Growing Dividend: CF's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (55.6%), CF's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CF's dividends in 3 years are forecast to be covered by earnings (64.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average management tenure
CEO
Tony Will (53yo)
6.42yrs
Tenure
US$8,758,243
Compensation
Mr. W. Anthony Will, also known as Tony, has been the Chief Executive Officer and President of CF Industries Holdings, Inc. since January 2, 2014. Mr. Will has been the Chief Executive Officer and Presiden ...
CEO Compensation Analysis
Compensation vs Market: Tony's total compensation ($USD8.76M) is about average for companies of similar size in the US market ($USD7.32M).
Compensation vs Earnings: Tony's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.42yrs | US$8.76m | 0.15% $10.2m | |
| Senior VP & CFO | 0.75yr | US$2.36m | 0.035% $2.3m | |
| Senior VP | 16.42yrs | US$2.24m | 0.031% $2.1m | |
| Senior Vice President of Sales | 4.08yrs | US$2.66m | 0.033% $2.2m | |
| Senior Vice President of Human Resources | 2.67yrs | US$1.75m | 0.0016% $107.7k | |
| Chief Information Officer & VP | 4.33yrs | no data | no data | |
| Vice President of Investor Relations | 3.42yrs | no data | no data | |
| Chief Compliance Officer | 4.42yrs | no data | no data | |
| Vice President of Public Affairs | 0.25yr | no data | 0.0019% $123.6k | |
| Senior Vice President of Manufacturing & Distribution | 0.75yr | no data | 0.0099% $655.6k |
3.8yrs
Average Tenure
54yo
Average Age
Experienced Management: CF's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.42yrs | US$8.76m | 0.15% $10.2m | |
| Independent Director | 2.92yrs | US$233.78k | 0.0071% $466.6k | |
| Independent Director | 14.83yrs | US$248.78k | 0.045% $3.0m | |
| Independent Director | 10yrs | US$248.78k | 0.021% $1.4m | |
| Independent Chairman & Lead Independent Director | 6.08yrs | US$416.69k | 0.027% $1.8m | |
| Independent Director | 14.83yrs | US$233.78k | 0.022% $1.4m | |
| Independent Director | 2.92yrs | US$233.78k | 0.0071% $466.6k | |
| Independent Director | 5.67yrs | US$253.78k | 0.011% $748.7k | |
| Independent Director | 5yrs | US$233.78k | 0.012% $767.2k | |
| Independent Director | 1.67yrs | US$233.56k | 0.0049% $320.5k |
5.9yrs
Average Tenure
58yo
Average Age
Experienced Board: CF's board of directors are considered experienced (5.9 years average tenure).
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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
CF Industries Holdings, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: CF Industries Holdings, Inc.
- Ticker: CF
- Exchange: NYSE
- Founded: 1946
- Industry: Fertilizers and Agricultural Chemicals
- Sector: Materials
- Market Cap: US$6.608b
- Shares outstanding: 213.80m
- Website: https://www.cfindustries.com
Number of Employees
Location
- CF Industries Holdings, Inc.
- 4 Parkway North
- Suite 400
- Deerfield
- Illinois
- 60015
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CF | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Aug 2005 |
| C4F | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Aug 2005 |
| 0HQU | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Aug 2005 |
| C1FI34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH REPR 1 COM | BR | BRL | Dec 2019 |
Biography
CF Industries Holdings, Inc. manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. Its principal nitrogen fertilizer products include anhydrous ammonia, granular urea, urea ammonium nitrate solution, and ammonium nitrate. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products, as well as compound fertilizer products with nitrogen, phosphorus, and potassium. It primarily serves cooperatives, independent fertilizer distributors, traders, wholesalers, farmers, and industrial users. The company was founded in 1946 and is headquartered in Deerfield, Illinois.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/03 02:57 |
| End of Day Share Price | 2020/06/02 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.