NYSE:CF

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CF Industries Holdings

Executive Summary

CF Industries Holdings, Inc. manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. More Details


Snowflake Analysis

Adequate balance sheet average dividend payer.


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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: CF's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

15.7%

CF

3.4%

US Chemicals

2.8%

US Market


1 Year Return

-16.1%

CF

16.3%

US Chemicals

20.9%

US Market

Return vs Industry: CF underperformed the US Chemicals industry which returned 16.4% over the past year.

Return vs Market: CF underperformed the US Market which returned 20.7% over the past year.


Shareholder returns

CFIndustryMarket
7 Day15.7%3.4%2.8%
30 Day44.8%15.0%11.1%
90 Day16.7%11.8%6.5%
1 Year-12.8%-16.1%19.1%16.3%23.6%20.9%
3 Year13.2%3.1%24.9%1.8%47.3%37.6%
5 Year4.0%-12.8%77.5%35.8%94.3%72.9%

Long-Term 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

Valuation

Is CF Industries Holdings undervalued compared to its fair value and its price relative to the market?

44.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CF ($38.77) is trading below our estimate of fair value ($70.4)

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 (29.3x) compared to the US Chemicals industry average (29.7x).

PE vs Market: CF is poor value based on its PE Ratio (29.3x) compared to the US market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: CF is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: CF is overvalued based on its PB Ratio (2.9x) compared to the US Chemicals industry average (2.2x).


Next Steps

Future Growth

How is CF Industries Holdings forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

18.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CF's forecast earnings growth (18.6% per year) is above the savings rate (2.2%).

Earnings vs Market: CF's earnings (18.6% per year) are forecast to grow slower than the US market (22% per year).

High Growth Earnings: CF's earnings are forecast to grow, but not significantly.

Revenue vs Market: CF's revenue (4% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: CF's revenue (4% 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 (11.7%).


Next Steps

Past Performance

How has CF Industries Holdings performed over the past 5 years?

7.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CF has high quality earnings.

Growing Profit Margin: CF's current net profit margins (7%) are lower than last year (10.4%).


Past Earnings Growth Analysis

Earnings Trend: CF's earnings have grown by 7.2% 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 (-41.5%) over the past year, making it difficult to compare to the Chemicals industry average (-16.3%).


Return on Equity

High ROE: CF's Return on Equity (7.4%) 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 ($1.2B) exceed its short term liabilities ($681.0M).

Long Term Liabilities: CF's short term assets ($1.2B) do not cover its long term liabilities ($5.8B).


Debt to Equity History and Analysis

Debt Level: CF's debt to equity ratio (72.3%) is considered high.

Reducing Debt: CF's debt to equity ratio has reduced from 125.2% to 72.3% over the past 5 years.

Debt Coverage: CF's debt is well covered by operating cash flow (31.4%).

Interest Coverage: CF's interest payments on its debt are well covered by EBIT (3.9x coverage).


Balance Sheet


Next Steps

Dividend

What is CF Industries Holdings's current dividend yield, its reliability and sustainability?

3.10%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CF's dividend (3.1%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: CF's dividend (3.1%) is low compared to the top 25% of dividend payers in the US market (4.08%).


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 high payout ratio (90.8%), CF's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CF's dividends in 3 years are forecast to be covered by earnings (54.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.2yrs

Average management tenure


CEO

Tony Will (54 yo)

6.83yrs

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 ($USD8.76M) is about average for companies of similar size in the US market ($USD6.90M).

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


Leadership Team

NamePositionTenureCompensationOwnership
W. Will
President6.83yrsUS$8.76m0.15%
$ 12.8m
Christopher Bohn
Senior VP & CFO1.17yrsUS$2.36m0.036%
$ 3.0m
Douglas Barnard
Senior VP16.83yrsUS$2.24m0.031%
$ 2.6m
Bert Frost
Senior Vice President of Sales4.5yrsUS$2.66m0.047%
$ 3.9m
Susan Menzel
Senior Vice President of Human Resources3.08yrsUS$1.75m0.011%
$ 918.9k
Julie Freigang
VP & Chief Information Officer0.083yrno datano data
Martin Jarosick
Vice President of Investor Relations3.83yrsno datano data
Michael McGrane
Chief Compliance Officer4.83yrsno datano data
Linda Dempsey
Vice President of Public Affairs0.67yrno data0.0019%
$ 154.3k
Ashraf Malik
Senior Vice President of Manufacturing & Distribution1.17yrsno data0.0099%
$ 822.7k
David Hopkins
Managing Director of CF Fertilisers UK5.08yrsno data0.0071%
$ 589.7k
Richard Hoker
VP & Corporate Controller13yrsUS$1.17m0.035%
$ 2.9m

4.2yrs

Average Tenure

55yo

Average Age

Experienced Management: CF's management team is considered experienced (4.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
W. Will
President6.83yrsUS$8.76m0.15%
$ 12.8m
John Eaves
Independent Director3.33yrsUS$233.78k0.0071%
$ 585.5k
Robert Arzbaecher
Independent Director15.25yrsUS$248.78k0.045%
$ 3.8m
Stephen Hagge
Independent Director10.42yrsUS$248.78k0.021%
$ 1.7m
Stephen Furbacher
Independent Chairman & Lead Independent Director6.5yrsUS$416.69k0.027%
$ 2.2m
William Davisson
Independent Director15.25yrsUS$233.78k0.022%
$ 1.8m
Michael Toelle
Independent Director3.33yrsUS$233.78k0.0071%
$ 585.5k
Theresa Wagler
Independent Director6.08yrsUS$253.78k0.011%
$ 939.7k
Anne Noonan
Independent Director5.42yrsUS$233.78k0.012%
$ 962.0k
Javed Ahmed
Independent Director1.92yrsUS$233.72k0.0051%
$ 423.8k
Celso White
Independent Director2.08yrsUS$233.56k0.0052%
$ 433.8k

6.1yrs

Average Tenure

60yo

Average Age

Experienced Board: CF's board of directors are considered experienced (6.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CF 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$8.294b
  • Shares outstanding: 213.92m
  • Website: https://www.cfindustries.com

Number of Employees


Location

  • CF Industries Holdings, Inc.
  • 4 Parkway North
  • Suite 400
  • Deerfield
  • Illinois
  • 60015
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CFNYSE (New York Stock Exchange)YesCommon StockUSUSDAug 2005
C4FDB (Deutsche Boerse AG)YesCommon StockDEEURAug 2005
0HQULSE (London Stock Exchange)YesCommon StockGBUSDAug 2005
C1FI34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH REPR 1 COMBRBRLDec 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, ur...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/28 23:19
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
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.