CVR ENERGY INC (CVI)

US12662P1084 - Common Stock

35.66  +0.79 (+2.27%)

After market: 35.66 0 (0%)

Fundamental Rating

5

CVI gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 214 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and the financial health of CVI get a neutral evaluation. Nothing too spectacular is happening here. CVI is valued correctly, but it does not seem to be growing.



6

1. Profitability

1.1 Basic Checks

CVI had positive earnings in the past year.
CVI had a positive operating cash flow in the past year.
Of the past 5 years CVI 4 years were profitable.
Each year in the past 5 years CVI had a positive operating cash flow.

1.2 Ratios

CVI's Return On Assets of 16.34% is amongst the best of the industry. CVI outperforms 80.75% of its industry peers.
Looking at the Return On Equity, with a value of 90.79%, CVI belongs to the top of the industry, outperforming 92.96% of the companies in the same industry.
CVI has a better Return On Invested Capital (29.97%) than 93.43% of its industry peers.
CVI had an Average Return On Invested Capital over the past 3 years of 20.65%. This is significantly below the industry average of 48.71%.
The last Return On Invested Capital (29.97%) for CVI is above the 3 year average (20.65%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 16.34%
ROE 90.79%
ROIC 29.97%
ROA(3y)9.41%
ROA(5y)6.3%
ROE(3y)60.84%
ROE(5y)36.93%
ROIC(3y)20.65%
ROIC(5y)N/A

1.3 Margins

CVI has a worse Profit Margin (8.32%) than 63.85% of its industry peers.
In the last couple of years the Profit Margin of CVI has grown nicely.
CVI has a worse Operating Margin (12.16%) than 68.54% of its industry peers.
In the last couple of years the Operating Margin of CVI has grown nicely.
The Gross Margin of CVI (13.76%) is worse than 73.71% of its industry peers.
In the last couple of years the Gross Margin of CVI has remained more or less at the same level.
Industry RankSector Rank
OM 12.16%
PM (TTM) 8.32%
GM 13.76%
OM growth 3YN/A
OM growth 5Y10.01%
PM growth 3YN/A
PM growth 5Y18%
GM growth 3Y89.9%
GM growth 5Y1.2%

5

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), CVI is creating value.
The number of shares outstanding for CVI remains at a similar level compared to 1 year ago.
Compared to 5 years ago, CVI has about the same amount of shares outstanding.
The debt/assets ratio for CVI is higher compared to a year ago.

2.2 Solvency

An Altman-Z score of 3.23 indicates that CVI is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.23, CVI is in the better half of the industry, outperforming 76.06% of the companies in the same industry.
CVI has a debt to FCF ratio of 3.19. This is a good value and a sign of high solvency as CVI would need 3.19 years to pay back of all of its debts.
CVI's Debt to FCF ratio of 3.19 is fine compared to the rest of the industry. CVI outperforms 67.61% of its industry peers.
CVI has a Debt/Equity ratio of 1.86. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.86, CVI is doing worse than 82.63% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.86
Debt/FCF 3.19
Altman-Z 3.23
ROIC/WACC4.17
WACC7.19%

2.3 Liquidity

A Current Ratio of 1.30 indicates that CVI should not have too much problems paying its short term obligations.
CVI has a Current ratio (1.30) which is comparable to the rest of the industry.
CVI has a Quick Ratio of 1.30. This is a bad value and indicates that CVI is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of CVI (0.94) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.3
Quick Ratio 0.94

1

3. Growth

3.1 Past

The earnings per share for CVI have decreased by -6.94% in the last year.
The Earnings Per Share has been growing by 15.92% on average over the past years. This is quite good.
The Revenue for CVI has decreased by -15.14% in the past year. This is quite bad
Measured over the past years, CVI shows a small growth in Revenue. The Revenue has been growing by 5.36% on average per year.
EPS 1Y (TTM)-6.94%
EPS 3YN/A
EPS 5Y15.92%
EPS growth Q2Q-61.31%
Revenue 1Y (TTM)-15.14%
Revenue growth 3Y33.01%
Revenue growth 5Y5.36%
Revenue growth Q2Q-17.84%

3.2 Future

CVI is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -33.05% yearly.
CVI is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -5.31% yearly.
EPS Next Y-54.58%
EPS Next 2Y-35.3%
EPS Next 3Y-37.67%
EPS Next 5Y-33.05%
Revenue Next Year-10.82%
Revenue Next 2Y-5.31%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.

6

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 6.33, which indicates a rather cheap valuation of CVI.
Compared to the rest of the industry, the Price/Earnings ratio of CVI indicates a rather cheap valuation: CVI is cheaper than 80.28% of the companies listed in the same industry.
CVI is valuated cheaply when we compare the Price/Earnings ratio to 26.48, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 13.94, which indicates a correct valuation of CVI.
The rest of the industry has a similar Price/Forward Earnings ratio as CVI.
CVI's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.79.
Industry RankSector Rank
PE 6.33
Fwd PE 13.94

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, CVI is valued a bit cheaper than the industry average as 78.87% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, CVI is valued cheaply inside the industry as 85.45% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 5.23
EV/EBITDA 3.59

4.3 Compensation for Growth

The decent profitability rating of CVI may justify a higher PE ratio.
A cheap valuation may be justified as CVI's earnings are expected to decrease with -37.67% in the coming years.
PEG (NY)N/A
PEG (5Y)0.4
EPS Next 2Y-35.3%
EPS Next 3Y-37.67%

6

5. Dividend

5.1 Amount

CVI has a Yearly Dividend Yield of 5.45%, which is a nice return.
CVI's Dividend Yield is a higher than the industry average which is at 5.82.
Compared to an average S&P500 Dividend Yield of 2.34, CVI pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.45%

5.2 History

The dividend of CVI is nicely growing with an annual growth rate of 12.14%!
CVI has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)12.14%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

CVI pays out 58.91% of its income as dividend. This is a bit on the high side, but may be sustainable.
CVI's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP58.91%
EPS Next 2Y-35.3%
EPS Next 3Y-37.67%

CVR ENERGY INC

NYSE:CVI (3/28/2024, 8:04:05 PM)

After market: 35.66 0 (0%)

35.66

+0.79 (+2.27%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap3.58B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 5.45%
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE 6.33
Fwd PE 13.94
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.4
Profitability
Industry RankSector Rank
ROA 16.34%
ROE 90.79%
ROCE
ROIC
ROICexc
ROICexgc
OM 12.16%
PM (TTM) 8.32%
GM 13.76%
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.96
Health
Industry RankSector Rank
Debt/Equity 1.86
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 1.3
Quick Ratio 0.94
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-6.94%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y-54.58%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-15.14%
Revenue growth 3Y33.01%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y