Loading...

Ciner Resources

NYSE:CINR
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CINR
NYSE
$479M
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Ciner Resources LP engages in the trona ore mining and soda ash production businesses in the United States and internationally. The last earnings update was 17 days ago. More info.


Add to Portfolio Compare Print
  • Ciner Resources is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
CINR Share Price and Events
7 Day Returns
-3.6%
NYSE:CINR
-2%
US Chemicals
-1.1%
US Market
1 Year Returns
-13.6%
NYSE:CINR
-4.5%
US Chemicals
6.4%
US Market
CINR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ciner Resources (CINR) -3.6% -4.1% 18.6% -13.6% -5.9% 9.6%
US Chemicals -2% -3.9% 10.7% -4.5% 29.8% 17.2%
US Market -1.1% 0.3% 17.2% 6.4% 37.9% 42.1%
1 Year Return vs Industry and Market
  • CINR underperformed the Chemicals industry which returned -4.5% over the past year.
  • CINR underperformed the Market in United States of America which returned 6.4% over the past year.
Price Volatility
CINR
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Ciner Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Ciner Resources to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ciner Resources.

NYSE:CINR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:CINR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Chemicals Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.964 (1 + (1- 21%) (20.73%))
1.082
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.082 * 5.96%)
9.18%

Discounted Cash Flow Calculation for NYSE:CINR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ciner Resources is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:CINR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.18%)
2019 149.94 Est @ 13.26% 137.33
2020 165.08 Est @ 10.1% 138.49
2021 178.10 Est @ 7.89% 136.86
2022 189.39 Est @ 6.34% 133.31
2023 199.35 Est @ 5.26% 128.52
2024 208.32 Est @ 4.5% 123.02
2025 216.59 Est @ 3.97% 117.15
2026 224.38 Est @ 3.6% 111.16
2027 231.87 Est @ 3.34% 105.22
2028 239.18 Est @ 3.15% 99.41
Present value of next 10 years cash flows $1,230.48
NYSE:CINR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $239.18 × (1 + 2.73%) ÷ (9.18% – 2.73%)
$3,811.78
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,811.78 ÷ (1 + 9.18%)10
$1,584.36
NYSE:CINR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,230.48 + $1,584.36
$2,814.84
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,814.84 / 20.14
$139.74
NYSE:CINR Discount to Share Price
Calculation Result
Value per share (USD) From above. $139.74
Current discount Discount to share price of $23.78
= -1 x ($23.78 - $139.74) / $139.74
83%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Ciner Resources is available for.
Intrinsic value
>50%
Share price is $23.78 vs Future cash flow value of $139.74
Current Discount Checks
For Ciner Resources to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ciner Resources's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Ciner Resources's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ciner Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ciner Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:CINR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $2.48
NYSE:CINR Share Price ** NYSE (2019-03-22) in USD $23.78
United States of America Chemicals Industry PE Ratio Median Figure of 64 Publicly-Listed Chemicals Companies 17.61x
United States of America Market PE Ratio Median Figure of 3,062 Publicly-Listed Companies 17.16x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ciner Resources.

NYSE:CINR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:CINR Share Price ÷ EPS (both in USD)

= 23.78 ÷ 2.48

9.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ciner Resources is good value based on earnings compared to the US Chemicals industry average.
  • Ciner Resources is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Ciner Resources's expected growth come at a high price?
Raw Data
NYSE:CINR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
United States of America Chemicals Industry PEG Ratio Median Figure of 45 Publicly-Listed Chemicals Companies 1.46x
United States of America Market PEG Ratio Median Figure of 2,105 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Ciner Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ciner Resources's assets?
Raw Data
NYSE:CINR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $7.46
NYSE:CINR Share Price * NYSE (2019-03-22) in USD $23.78
United States of America Chemicals Industry PB Ratio Median Figure of 91 Publicly-Listed Chemicals Companies 2.2x
United States of America Market PB Ratio Median Figure of 5,165 Publicly-Listed Companies 1.85x
NYSE:CINR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:CINR Share Price ÷ Book Value per Share (both in USD)

= 23.78 ÷ 7.46

3.19x

* Primary Listing of Ciner Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ciner Resources is overvalued based on assets compared to the US Chemicals industry average.
X
Value checks
We assess Ciner Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Chemicals industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Chemicals industry average (and greater than 0)? (1 check)
  5. Ciner Resources has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Ciner Resources expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.3%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Ciner Resources expected to grow at an attractive rate?
  • Unable to compare Ciner Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Ciner Resources's earnings growth to the United States of America market average as no estimate data is available.
  • Ciner Resources's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:CINR Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:CINR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 4.3%
United States of America Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 16.6%
United States of America Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:CINR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:CINR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31
2020-12-31 531 1
2019-12-31 528 1
NYSE:CINR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 487 162 50
2018-09-30 483 166 49
2018-06-30 482 111 49
2018-03-31 492 106 41
2017-12-31 497 79 42
2017-09-30 492 70 38
2017-06-30 490 88 40
2017-03-31 487 102 42
2016-12-31 475 128 41
2016-09-30 479 151 46
2016-06-30 475 155 48
2016-03-31 480 152 49

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Ciner Resources is high growth as no earnings estimate data is available.
  • Ciner Resources's revenue is expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:CINR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Ciner Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CINR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
NYSE:CINR Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 2.48
2018-09-30 2.44
2018-06-30 2.45
2018-03-31 2.03
2017-12-31 2.07
2017-09-30 1.90
2017-06-30 1.99
2017-03-31 2.11
2016-12-31 2.06
2016-09-30 2.26
2016-06-30 2.36
2016-03-31 2.43

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Ciner Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Ciner Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ciner Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Ciner Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ciner Resources's growth in the last year to its industry (Chemicals).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ciner Resources's year on year earnings growth rate has been positive over the past 5 years.
  • Ciner Resources's 1-year earnings growth exceeds its 5-year average (20% vs 7.4%)
  • Ciner Resources's earnings growth has exceeded the US Chemicals industry average in the past year (20% vs 12.4%).
Earnings and Revenue History
Ciner Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ciner Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CINR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 486.70 49.90 24.40
2018-09-30 483.00 49.20 24.50
2018-06-30 482.10 49.40 24.10
2018-03-31 491.90 40.80 23.30
2017-12-31 497.30 41.60 21.60
2017-09-30 491.90 38.10 20.60
2017-06-30 490.40 40.00 21.20
2017-03-31 487.40 42.20 21.70
2016-12-31 475.20 41.40 22.80
2016-09-30 478.50 45.50 24.00
2016-06-30 474.90 47.50 22.20
2016-03-31 480.40 48.80 20.90
2015-12-31 486.40 51.50 20.00
2015-09-30 486.00 51.10 20.10
2015-06-30 478.40 48.40 20.60
2015-03-31 469.20 47.00 21.00
2014-12-31 465.00 44.50 20.30
2014-09-30 456.50 43.50 17.70
2014-06-30 452.30 33.60 15.90
2014-03-31 450.10 19.30 14.30
2013-12-31 442.10 13.00 13.20
2013-09-30 436.50 7.80 13.30
2013-06-30 442.90 15.50 13.00
2013-03-31 449.87 27.68 12.19
2012-12-31 462.60 35.10 11.80

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Ciner Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Ciner Resources used its assets more efficiently than the US Chemicals industry average last year based on Return on Assets.
  • Ciner Resources's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ciner Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Chemicals industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ciner Resources has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Ciner Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ciner Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ciner Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ciner Resources's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ciner Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ciner Resources Company Filings, last reported 2 months ago.

NYSE:CINR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 260.10 99.30 10.20
2018-09-30 251.10 110.90 26.70
2018-06-30 253.60 145.40 21.00
2018-03-31 243.20 131.90 22.20
2017-12-31 248.20 149.40 30.20
2017-09-30 245.30 136.00 13.80
2017-06-30 249.80 129.20 15.80
2017-03-31 255.70 108.80 11.40
2016-12-31 259.20 98.40 19.70
2016-09-30 260.50 100.50 29.60
2016-06-30 262.20 97.40 16.80
2016-03-31 259.80 104.90 22.90
2015-12-31 263.20 110.80 20.40
2015-09-30 256.10 122.60 13.70
2015-06-30 255.20 131.10 19.20
2015-03-31 251.60 146.30 36.40
2014-12-31 248.50 145.70 31.00
2014-09-30 242.50 155.40 56.20
2014-06-30 240.20 156.10 46.40
2014-03-31 239.60 155.80 35.40
2013-12-31 241.30 155.50 46.90
2013-09-30 216.10 155.40 106.80
2013-06-30 177.71 155.00 4.04
2013-03-31 244.09 51.00 39.33
2012-12-31 272.30 52.60 22.70
  • Ciner Resources's level of debt (38.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (64.4% vs 38.2% today).
  • Debt is well covered by operating cash flow (163.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 24.7x coverage).
X
Financial health checks
We assess Ciner Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ciner Resources has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Ciner Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
9.54%
Current annual income from Ciner Resources dividends. Estimated to be 9.77% next year.
If you bought $2,000 of Ciner Resources shares you are expected to receive $191 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Ciner Resources's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • Ciner Resources's dividend is above the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:CINR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 51 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:CINR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 2.40 1.00
2020-12-31 2.31 2.00
2019-12-31 2.27 1.00
NYSE:CINR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-31 2.268 9.181
2018-10-25 2.268 9.797
2018-07-26 2.268 8.373
2018-04-26 2.268 8.688
2018-02-01 2.268 8.290
2017-10-26 2.268 8.843
2017-07-28 2.268 9.109
2017-04-21 2.268 8.102
2017-01-12 2.268 7.780
2016-10-17 2.268 7.465
2016-07-14 2.268 7.517
2016-04-14 2.256 7.871
2016-03-11 2.230 8.605
2016-02-10 2.230 10.005
2015-10-16 2.204 9.842
2015-07-17 2.178 9.640
2015-04-17 2.152 8.848
2015-01-16 2.126 8.928
2014-10-17 2.100 8.979
2014-07-17 2.000 8.558
2014-04-17 2.000 8.467
2014-01-17 2.000 9.244
2013-11-12 2.000 9.571

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Ciner Resources has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Ciner Resources only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Ciner Resources's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Ciner Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ciner Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ciner Resources has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kirk Milling
COMPENSATION $1,264,539
AGE 52
TENURE AS CEO 5.9 years
CEO Bio

Mr. Kirk H. Milling has been the Chief Executive Officer and President at OCI Chemical Corporation since January 1, 2009. Mr. Milling serves as the President and Chief Executive Officer of OCI Wyoming Holding Co. He is the Chief Executive Officer and President of OCI Wyoming, L.P and OCI Enterprises, Inc. at OCI Company Ltd. He has been the Chief Executive Officer and President of Ciner Resource Partners LLC, General Partner of Ciner Resources LP since April 2013. He is the Chief Executive Officer and President at OCI Enterprises, Inc. He has also been a Director of American Natural Soda Ash Corporation (ANSAC) since 2001. He has been Chairman of Ciner Resource Partners LLC, the General Partner of Ciner Resources LP since October 2015. He served as the Director of Marketing of Soda Ash at OCI Chemical Corporation. Since joining OCI in 1999, he served as a Logistics Manager, Marketing Manager, Director of Marketing, and Director of Marketing & Sales and General Manager of Soda Ash. He has over 20 years' total experience in the chemical industry having held various positions in sales, marketing and management for Stauffer Chemical Company and Rhone-Poulenc. He has been the Chairman of OCI Solar Power, LLC and OCI Energy since January 2011. He served as Chairman of ANSAC (Westport, CT) from 2011 to 2013 and was reappointed as its Chairman in February 2017 and has been its Director since 2001. He has been a Director of Ciner Resource Partners LLC, General Partner of Ciner Resources LP since April 2013. He serves as Director at OCI Chemical Corporation. He has an MBA in Marketing/Finance from the University of Connecticut and a Bachelor of Science degree in Biochemistry from Texas A&M University.

CEO Compensation
  • Kirk's compensation has been consistent with company performance over the past year.
  • Kirk's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Ciner Resources management team in years:

1.9
Average Tenure
49
Average Age
  • The average tenure for the Ciner Resources management team is less than 2 years, this suggests a new team.
Management Team

Kirk Milling

TITLE
Chairman
COMPENSATION
$1M
AGE
52
TENURE
5.9 yrs

Chris DeBerry

TITLE
Chief Accounting Officer & Principal Financial Officer of Ciner Resource Partners LLC
COMPENSATION
$332K
AGE
50
TENURE
0.2 yrs

Nicole Daniel

TITLE
VP, General Counsel & Company Secretary of Ciner Resource Partners LLC
COMPENSATION
$704K
AGE
49
TENURE
5.7 yrs

Jim Dass

TITLE
Vice President of Human Resources - Ciner Resource Partners LLC
TENURE
5.1 yrs

Dogan Pençe

TITLE
Director of Ciner Resource Partners LLC
AGE
47
TENURE
1.9 yrs

Ray Katekovich

TITLE
Commercial Director of Ciner Resource Partners LLC
TENURE
1.8 yrs

Eduard Freydel

TITLE
Vice President of Finance of Ciner Resource Partners LLC
AGE
33
TENURE
0.2 yrs

Vivek Bhakuni

TITLE
Senior Financial Planning Analyst
Board of Directors Tenure

Average tenure and age of the Ciner Resources board of directors in years:

2.1
Average Tenure
52
Average Age
  • The average tenure for the Ciner Resources board of directors is less than 3 years, this suggests a new board.
Board of Directors

Kirk Milling

TITLE
Chairman
COMPENSATION
$1M
AGE
52
TENURE
3.4 yrs

Dogan Pençe

TITLE
Director of Ciner Resource Partners LLC
AGE
47
TENURE
1.9 yrs

Tom Jasper

TITLE
Independent Director of Ciner Resource Partners LLC
COMPENSATION
$170K
AGE
69
TENURE
3.2 yrs

Mike Ducey

TITLE
Lead Independent Director of Ciner Resource Partners LLC
COMPENSATION
$158K
AGE
69
TENURE
2.1 yrs

Tarlan Erkan

TITLE
Director of Ciner Resource Partners LLC
AGE
40
TENURE
2.7 yrs

Atilla Ciner

TITLE
Director of Ciner Resource Partners LLC
AGE
34
TENURE
1.5 yrs

Alec Dreyer

TITLE
Independent Director of Ciner Resource Partners LLC
COMPENSATION
$75K
AGE
59
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Ciner Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ciner Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Can Ciner Resources LP's (NYSE:CINR) ROE Continue To Surpass The Industry Average?

and looking to gauge the potential return on investment in Ciner Resources LP (NYSE:CINR). … Ciner Resources LP (NYSE:CINR) delivered an ROE of 34.91% over the past 12 months, which is an impressive feat relative to its industry average of 13.93% during the same period. … With more debt, CINR can invest even more and earn more money, thus pushing up its returns.

Simply Wall St -

Should Ciner Resources LP's (NYSE:CINR) Recent Earnings Decline Worry You?

Investors with a long-term horizong may find it valuable to assess Ciner Resources LP's (NYSE:CINR) earnings trend over time and against its industry benchmark as opposed to simply looking at a sincle earnings announcement at one point in time. … Below is my commentary, albiet very simple and high-level, on how Ciner Resources is currently performing. … View out our latest analysis for Ciner Resources?

Simply Wall St -

Ciner Resources LP (NYSE:CINR) Is Trading At A 36.84% Discount

Does the share price for Ciner Resources LP (NYSE:CINR) reflect it's really worth? … by estimating the company's future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Ciner Resources LP (NYSE:CINR): What You Have To Know Before Buying For The Upcoming Dividend

See our latest analysis for Ciner Resources Here's how I find good dividend stocks Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Is it the top 25% annual dividend yield payer? … NYSE:CINR Historical Dividend Yield Apr 30th 18 How well does Ciner Resources fit our criteria? … Ciner Resources has a trailing twelve-month payout ratio of 109.58%, meaning the dividend is not sufficiently covered by its earnings.

Simply Wall St -

Interested In Ciner Resources LP (NYSE:CINR)’s Upcoming $0.57 Dividend? You Have 3 Days Left

Check out our latest analysis for Ciner Resources 5 checks you should do on a dividend stock If you are a dividend investor, you should always assess these five key metrics: Does it pay an annual yield higher than 75% of dividend payers? … NYSE:CINR Historical Dividend Yield Feb 5th 18 How does Ciner Resources fare? … Ciner Resources has a trailing twelve-month payout ratio of 119.65%, meaning the dividend is not sufficiently covered by its earnings.

Simply Wall St -

Company Info

Description

Ciner Resources LP engages in the trona ore mining and soda ash production businesses in the United States and internationally. It processes trona ore into soda ash, which is a raw material in flat glass, container glass, detergents, chemicals, paper, and other consumer and industrial products. The company has approximately 23,500 acres of leased and licensed subsurface mining areas in the Green River Basin of Wyoming. As of December 31, 2017, it had proven and probable reserves of approximately 240.1 million short tons of trona. Ciner Resource Partners LLC serves as the general partner of the company. The company was formerly known as OCI Resources LP and changed its name to Ciner Resources LP in November 2015. Ciner Resources LP is based in Atlanta, Georgia. Ciner Resources LP operates as a subsidiary of Ciner Wyoming Holding Co.

Details
Name: Ciner Resources LP
CINR
Exchange: NYSE
Founded:
$479,007,697
20,143,301
Website: http://www.ciner.us.com
Address: Ciner Resources LP
Five Concourse Parkway,
Suite 2500,
Atlanta,
Georgia, 30328,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CINR Common Units New York Stock Exchange US USD 13. Sep 2013
DB 2OC Common Units Deutsche Boerse AG DE EUR 13. Sep 2013
Number of employees
Current staff
Staff numbers
0
Ciner Resources employees.
Industry
Commodity Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/25 00:32
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/02/21
Last earnings filing: 2019/03/08
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.