CF Industries Holdings
Market Cap
US$10.4b
Last Updated
2019/10/19 23:52 UTC
Data Sources
Company Financials +
Executive Summary
CF Industries Holdings, Inc. manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide.
Snowflake
Fundamentals
Established dividend payer with adequate balance sheet.
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
Market Performance
7 Day Return
-5.6%
CF
0.2%
US Chemicals
0.4%
US Market
1 Year Return
-5.7%
CF
-5.4%
US Chemicals
6.9%
US Market
Return vs Industry: CF matched the US Chemicals industry which returned -5.4% over the past year.
Return vs Market: CF underperformed the US Market which returned 6.9% over the past year.
Shareholder returns
| CF | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.6% | 0.2% | 0.4% |
| 30 Day | -4.5% | -2.1% | -1.1% |
| 90 Day | 1.3% | -1.7% | -0.5% |
| 1 Year | -3.1%-5.7% | 8.4%-5.4% | 9.3%6.9% |
| 3 Year | 103.0%84.3% | 40.5%14.9% | 45.8%36.4% |
| 5 Year | 7.4%-8.3% | 43.0%12.2% | 62.9%45.1% |
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
1 day ago | Simply Wall St
Is CF Industries Holdings, Inc. (NYSE:CF) Overpaying Its CEO?1 week ago | Simply Wall St
Is CF Industries Holdings, Inc. (NYSE:CF) Potentially Undervalued?3 weeks ago | Simply Wall St
Would CF Industries Holdings, Inc. (NYSE:CF) Be Valuable To Income Investors?Valuation
Is CF Industries Holdings undervalued compared to its fair value and its price relative to the market?
12.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: CF ($47.77) is trading below our estimate of fair value ($54.37)
Significantly Undervalued: CF is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CF is poor value based on its PE Ratio (24x) compared to the Chemicals industry average (19x).
PE vs Market: CF is poor value based on its PE Ratio (24x) compared to the US market (17.6x).
Price to Earnings Growth Ratio
Low 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 (3.4x) compared to the US Chemicals industry average (2x).
Next Steps
Future Growth
How is CF Industries Holdings forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?
-3.6%
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 (-3.6% per year).
Earnings vs Market: CF's earnings are forecast to decline over the next 3 years (-3.6% per year).
High Growth Earnings: CF's earnings are forecast to decline over the next 3 years.
Revenue vs Market: CF's revenue (3.1% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: CF's revenue (3.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: CF's Return on Equity is forecast to be low in 3 years time (19.8%).
Next Steps
Past Performance
How has CF Industries Holdings performed over the past 5 years?
-34.8%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: CF's earnings have declined by -34.8% per year over the past 5 years.
Accelerating Growth: CF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CF had negative earnings growth (-23.3%) over the past year, making it difficult to compare to the Chemicals industry average (-2.9%).
Return on Equity
High ROE: CF's Return on Equity (10.4%) is considered low.
Return on Assets
ROA vs Industry: CF's Return on Assets is below or equal to the Chemicals industry average last year.
Return on Capital Employed
ROCE Improving: CF has improved its Return on Capital Employed over the past 3 years.
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) exceeds its short term liabilities ($1.0B)
Long Term Liabilities: CF's short term assets (1.5B) do not cover its long term liabilities (6.0B)
Debt to Equity History and Analysis
Debt Level: CF's debt to equity ratio (80.8%) is considered high
Reducing Debt: CF's debt to equity ratio has reduced from 94.8% to 80.8% over the past 5 years.
Debt Coverage: CF's debt is well covered by operating cash flow (33.9%).
Interest Coverage: CF's interest payments on its debt are well covered by EBIT (4.1x coverage).
Balance Sheet
Inventory Level: CF has a high level of physical assets or inventory.
Debt Coverage by Assets: CF's debt is not covered by short term assets (assets are 0.3x debt).
Next Steps
Dividend
What is CF Industries Holdings's current dividend yield, its reliability and sustainability?
2.51%
Current Dividend Yield
Upcoming Dividend Payment
Purchase CF Industries Holdings before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: CF's dividend (2.51%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: CF's dividend (2.51%) is low compared to the top 25% of dividend payers in the US market (3.73%).
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 (60.2%), 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 well covered by earnings (41.9% payout ratio).
Next Steps
Management
What is the CEO of CF Industries Holdings's salary, the management and board of directors tenure and is there insider trading?
3.5yrs
Average management tenure
CEO
Tony Will (53yo)
5.8yrs
Tenure
US$7,758,005
Compensation
Mr. W. Anthony Will, also known as Tony, has been the Chief Executive Officer and President of CF Industries Holdings, Inc. since January 2, 2014. Mr. Will has been the Chief Executive Officer and Presiden ...
CEO Compensation Analysis
Compensation vs. Market: Tony's total compensation ($USD7.76M) is below average for companies of similar size in the US market ($USD11.18M).
Compensation vs Earnings: Tony's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.5yrs
Average Tenure
54yo
Average Age
Experienced Management: CF's management team is considered experienced (3.5 years average tenure).
Board Age and Tenure
5.6yrs
Average Tenure
60yo
Average Age
Experienced Board: CF's board of directors are considered experienced (5.6 years average tenure).
Insider Trading
Insider Buying: CF insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 41,693 |
| Max Price | US$48.19 |
| Entity | Individual |
| Role | Chairman of the Board Chairman & Lead Independent Director |
| Shares | 3,000 |
| Max Price | US$42.01 |
| Entity | Individual |
| Role | Chairman of the Board Chairman & Lead Independent Director |
| Shares | 3,500 |
| Max Price | US$52.45 |
Ownership Breakdown
Management Team
Sue Menzel (54yo)
Senior Vice President of Human Resources
- Tenure: 2yrs
Douglas Barnard (60yo)
Senior VP
- Tenure: 15.8yrs
- Compensation: US$2.06m
Tony Will (53yo)
President
- Tenure: 5.8yrs
- Compensation: US$7.76m
Ashraf Malik
Senior Vice President of Manufacturing & Distribution
- Tenure: 0.08yrs
Bert Frost (54yo)
Senior Vice President of Sales
- Tenure: 3.4yrs
- Compensation: US$2.37m
Rosemary O'Brien (67yo)
Vice President of Public Affairs
- Tenure: 35.8yrs
Christopher Bohn (51yo)
Senior VP & CFO
- Tenure: 0.08yrs
- Compensation: US$1.88m
Martin Jarosick
Vice President of Investor Relations
- Tenure: 2.8yrs
Tom Grooms
Chief Information Officer & VP
- Tenure: 3.7yrs
Mike McGrane
Chief Compliance Officer
- Tenure: 3.8yrs
Board Members
John Johnson (70yo)
Independent Director
- Tenure: 14.2yrs
- Compensation: US$234.33k
John Eaves (61yo)
Independent Director
- Tenure: 2.3yrs
- Compensation: US$234.17k
Bob Arzbaecher (59yo)
Independent Director
- Tenure: 14.2yrs
- Compensation: US$248.08k
Stephen Hagge (67yo)
Independent Director
- Tenure: 9.3yrs
- Compensation: US$248.08k
Steve Furbacher (72yo)
Chairman & Lead Independent Director
- Tenure: 5.4yrs
- Compensation: US$412.49k
William Davisson (71yo)
Independent Director
- Tenure: 14.2yrs
- Compensation: US$234.33k
Michael Toelle (56yo)
Independent Director
- Tenure: 2.3yrs
- Compensation: US$234.17k
Theresa Wagler (49yo)
Independent Director
- Tenure: 5yrs
- Compensation: US$253.08k
Tony Will (53yo)
President
- Tenure: 5.8yrs
- Compensation: US$7.76m
Anne Noonan (56yo)
Independent Director
- Tenure: 4.3yrs
- Compensation: US$234.33k
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$10.429b
- Shares outstanding: 218.33m
- 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 |
Biography
CF Industries Holdings, Inc. manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammoniu ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 23:52 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.