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ICAHN ENTERPRISES LP (IEP) Stock Fundamental Analysis

NASDAQ:IEP - Nasdaq - US4511001012 - Currency: USD

9.35  -0.02 (-0.21%)

After market: 9.42 +0.07 (+0.75%)

Fundamental Rating

4

IEP gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 6 industry peers in the Industrial Conglomerates industry. The financial health of IEP is average, but there are quite some concerns on its profitability. IEP has a valuation in line with the averages, but it does not seem to be growing. Finally IEP also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year IEP has reported negative net income.
In the past year IEP had a positive cash flow from operations.
IEP had negative earnings in each of the past 5 years.
IEP had a positive operating cash flow in 4 of the past 5 years.
IEP Yearly Net Income VS EBIT VS OCF VS FCFIEP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B -1B 2B 3B

1.2 Ratios

IEP's Return On Assets of -5.25% is on the low side compared to the rest of the industry. IEP is outperformed by 66.67% of its industry peers.
IEP's Return On Equity of -45.83% is in line compared to the rest of the industry. IEP outperforms 50.00% of its industry peers.
Industry RankSector Rank
ROA -5.25%
ROE -45.83%
ROIC N/A
ROA(3y)-2.18%
ROA(5y)-3.04%
ROE(3y)-14.39%
ROE(5y)-21.62%
ROIC(3y)N/A
ROIC(5y)N/A
IEP Yearly ROA, ROE, ROICIEP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40

1.3 Margins

The Gross Margin of IEP (3.09%) is worse than 83.33% of its industry peers.
IEP's Gross Margin has improved in the last couple of years.
The Profit Margin and Operating Margin are not available for IEP so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 3.09%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-15.14%
GM growth 5Y25.85%
IEP Yearly Profit, Operating, Gross MarginsIEP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 -20 -30

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4

2. Health

2.1 Basic Checks

IEP does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, IEP has more shares outstanding
IEP has more shares outstanding than it did 5 years ago.
The debt/assets ratio for IEP is higher compared to a year ago.
IEP Yearly Shares OutstandingIEP Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M
IEP Yearly Total Debt VS Total AssetsIEP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

2.2 Solvency

The Debt to FCF ratio of IEP is 11.30, which is on the high side as it means it would take IEP, 11.30 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 11.30, IEP belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
IEP has a Debt/Equity ratio of 3.83. This is a high value indicating a heavy dependency on external financing.
IEP has a Debt to Equity ratio (3.83) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 3.83
Debt/FCF 11.3
Altman-Z N/A
ROIC/WACCN/A
WACC6.65%
IEP Yearly LT Debt VS Equity VS FCFIEP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B

2.3 Liquidity

A Current Ratio of 1.99 indicates that IEP should not have too much problems paying its short term obligations.
The Current ratio of IEP (1.99) is better than 100.00% of its industry peers.
IEP has a Quick Ratio of 1.64. This is a normal value and indicates that IEP is financially healthy and should not expect problems in meeting its short term obligations.
IEP has a Quick ratio of 1.64. This is amongst the best in the industry. IEP outperforms 100.00% of its industry peers.
Industry RankSector Rank
Current Ratio 1.99
Quick Ratio 1.64
IEP Yearly Current Assets VS Current LiabilitesIEP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B

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2

3. Growth

3.1 Past

The earnings per share for IEP have decreased strongly by -43.48% in the last year.
Looking at the last year, IEP shows a very negative growth in Revenue. The Revenue has decreased by -11.65% in the last year.
IEP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.31% yearly.
EPS 1Y (TTM)-43.48%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-777.78%
Revenue 1Y (TTM)-11.65%
Revenue growth 3Y-5.22%
Revenue growth 5Y2.31%
Sales Q2Q%-10.78%

3.2 Future

IEP is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 68.52% yearly.
Based on estimates for the next years, IEP will show a decrease in Revenue. The Revenue will decrease by -0.41% on average per year.
EPS Next Y66.72%
EPS Next 2Y68.52%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-9.58%
Revenue Next 2Y-0.41%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

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.
IEP Yearly Revenue VS EstimatesIEP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 5B 10B 15B 20B
IEP Yearly EPS VS EstimatesIEP Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 5 -5 10

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6

4. Valuation

4.1 Price/Earnings Ratio

IEP reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
IEP is valuated reasonably with a Price/Forward Earnings ratio of 11.72.
Based on the Price/Forward Earnings ratio, IEP is valued cheaper than 100.00% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 35.34. IEP is valued rather cheaply when compared to this.
Industry RankSector Rank
PE N/A
Fwd PE 11.72
IEP Price Earnings VS Forward Price EarningsIEP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30

4.2 Price Multiples

83.33% of the companies in the same industry are more expensive than IEP, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 8.5
EV/EBITDA N/A
IEP Per share dataIEP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

IEP's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as IEP's earnings are expected to grow with 68.52% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y68.52%
EPS Next 3YN/A

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7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 22.37%, IEP is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.68, IEP pays a better dividend. On top of this IEP pays more dividend than 100.00% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, IEP pays a better dividend.
Industry RankSector Rank
Dividend Yield 22.37%

5.2 History

The dividend of IEP is nicely growing with an annual growth rate of 8.24%!
IEP has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)8.24%
Div Incr Years0
Div Non Decr Years0
IEP Yearly Dividends per shareIEP Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6

5.3 Sustainability

IEP has negative earnings and hence a negative payout ratio. The dividend may be in danger.
The dividend of IEP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-47.48%
EPS Next 2Y68.52%
EPS Next 3YN/A
IEP Yearly Income VS Free CF VS DividendIEP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B -1B 2B 3B

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ICAHN ENTERPRISES LP

NASDAQ:IEP (7/15/2025, 8:00:01 PM)

After market: 9.42 +0.07 (+0.75%)

9.35

-0.02 (-0.21%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryIndustrial Conglomerates
Earnings (Last)05-07 2025-05-07/bmo
Earnings (Next)08-01 2025-08-01
Inst Owners87.42%
Inst Owner Change0%
Ins Owners0.08%
Ins Owner Change0%
Market Cap5.11B
Analysts84
Price Target12.24 (30.91%)
Short Float %2.09%
Short Ratio14.1
Dividend
Industry RankSector Rank
Dividend Yield 22.37%
Yearly Dividend0.82
Dividend Growth(5Y)8.24%
DP-47.48%
Div Incr Years0
Div Non Decr Years0
Ex-Date05-19 2025-05-19 (0.5)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-353.85%
Min EPS beat(2)-503.18%
Max EPS beat(2)-204.51%
EPS beat(4)0
Avg EPS beat(4)-317.36%
Min EPS beat(4)-503.18%
Max EPS beat(4)-76.43%
EPS beat(8)0
Avg EPS beat(8)-268.45%
EPS beat(12)0
Avg EPS beat(12)-310.42%
EPS beat(16)1
Avg EPS beat(16)-377.06%
Revenue beat(2)1
Avg Revenue beat(2)-10.71%
Min Revenue beat(2)-24.57%
Max Revenue beat(2)3.14%
Revenue beat(4)2
Avg Revenue beat(4)-5.55%
Min Revenue beat(4)-24.57%
Max Revenue beat(4)4.33%
Revenue beat(8)4
Avg Revenue beat(8)-2.81%
Revenue beat(12)8
Avg Revenue beat(12)3.93%
Revenue beat(16)11
Avg Revenue beat(16)8.98%
PT rev (1m)0%
PT rev (3m)-20%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.14%
EPS NY rev (1m)-145.89%
EPS NY rev (3m)-145.89%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-15.36%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-16.96%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 11.72
P/S 0.57
P/FCF 8.5
P/OCF 5.67
P/B 2.88
P/tB 4.68
EV/EBITDA N/A
EPS(TTM)-1.65
EYN/A
EPS(NY)0.8
Fwd EY8.53%
FCF(TTM)1.1
FCFY11.77%
OCF(TTM)1.65
OCFY17.65%
SpS16.34
BVpS3.25
TBVpS2
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -5.25%
ROE -45.83%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 3.09%
FCFM 6.73%
ROA(3y)-2.18%
ROA(5y)-3.04%
ROE(3y)-14.39%
ROE(5y)-21.62%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-15.14%
GM growth 5Y25.85%
F-Score3
Asset Turnover0.58
Health
Industry RankSector Rank
Debt/Equity 3.83
Debt/FCF 11.3
Debt/EBITDA N/A
Cap/Depr 60%
Cap/Sales 3.36%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.99
Quick Ratio 1.64
Altman-Z N/A
F-Score3
WACC6.65%
ROIC/WACCN/A
Cap/Depr(3y)59.9%
Cap/Depr(5y)55.54%
Cap/Sales(3y)2.78%
Cap/Sales(5y)2.88%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-43.48%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-777.78%
EPS Next Y66.72%
EPS Next 2Y68.52%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-11.65%
Revenue growth 3Y-5.22%
Revenue growth 5Y2.31%
Sales Q2Q%-10.78%
Revenue Next Year-9.58%
Revenue Next 2Y-0.41%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-104.95%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y162.67%
FCF growth 3Y225.54%
FCF growth 5YN/A
OCF growth 1Y245.79%
OCF growth 3Y37.36%
OCF growth 5YN/A