CVR PARTNERS LP (UAN)
US1266332055
We assign a fundamental rating of 5 out of 10 to UAN. UAN was compared to 85 industry peers in the Chemicals industry. While UAN belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. UAN has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year UAN was profitable.
In the past year UAN had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: UAN reported negative net income in multiple years.
Each year in the past 5 years UAN had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 17.68%, UAN belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
With an excellent Return On Equity value of 56.94%, UAN belongs to the best of the industry, outperforming 98.82% of the companies in the same industry.
UAN has a Return On Invested Capital of 17.82%. This is amongst the best in the industry. UAN outperforms 97.65% of its industry peers.
UAN had an Average Return On Invested Capital over the past 3 years of 18.29%. This is significantly above the industry average of 7.47%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.68% | ||
| ROE | 56.94% | ||
| ROIC | 17.82% |
ROA(3y)16.89%
ROA(5y)7.62%
ROE(3y)49.81%
ROE(5y)21.97%
ROIC(3y)18.29%
ROIC(5y)11.54%
1.3 Margins
Looking at the Profit Margin, with a value of 25.31%, UAN belongs to the top of the industry, outperforming 96.47% of the companies in the same industry.
The Operating Margin of UAN (29.79%) is better than 91.76% of its industry peers.
UAN's Operating Margin has improved in the last couple of years.
UAN's Gross Margin of 45.79% is amongst the best of the industry. UAN outperforms 89.41% of its industry peers.
UAN's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 29.79% | ||
| PM (TTM) | 25.31% | ||
| GM | 45.79% |
OM growth 3Y149.63%
OM growth 5Y73.24%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y16.69%
GM growth 5Y9.26%
2. Health
2.1 Basic Checks
UAN has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
UAN has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, UAN has less shares outstanding
UAN has a worse debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of UAN is 2.50, which is a good value as it means it would take UAN, 2.50 years of fcf income to pay off all of its debts.
UAN has a Debt to FCF ratio of 2.50. This is amongst the best in the industry. UAN outperforms 85.88% of its industry peers.
A Debt/Equity ratio of 1.81 is on the high side and indicates that UAN has dependencies on debt financing.
With a Debt to Equity ratio value of 1.81, UAN is not doing good in the industry: 85.88% of the companies in the same industry are doing better.
Although UAN does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.81 | ||
| Debt/FCF | 2.5 | ||
| Altman-Z | N/A |
ROIC/WACC2.19
WACC8.13%
2.3 Liquidity
A Current Ratio of 2.20 indicates that UAN has no problem at all paying its short term obligations.
UAN has a Current ratio (2.20) which is in line with its industry peers.
A Quick Ratio of 1.28 indicates that UAN should not have too much problems paying its short term obligations.
The Quick ratio of UAN (1.28) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.2 | ||
| Quick Ratio | 1.28 |
3. Growth
3.1 Past
The earnings per share for UAN have decreased strongly by -39.67% in the last year.
The Revenue for UAN has decreased by -18.44% in the past year. This is quite bad
The Revenue has been growing by 14.18% on average over the past years. This is quite good.
EPS 1Y (TTM)-39.67%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q-89.58%
Revenue 1Y (TTM)-18.44%
Revenue growth 3Y24.87%
Revenue growth 5Y14.18%
Revenue growth Q2Q-33.26%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 5.02, the valuation of UAN can be described as very cheap.
UAN's Price/Earnings ratio is rather cheap when compared to the industry. UAN is cheaper than 96.47% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 24.92, UAN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.02 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, UAN is valued cheaply inside the industry as 91.76% of the companies are valued more expensively.
UAN's Price/Free Cash Flow ratio is rather cheap when compared to the industry. UAN is cheaper than 95.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.95 | ||
| EV/EBITDA | 4.84 |
4.3 Compensation for Growth
UAN has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 22.70%, UAN is a good candidate for dividend investing.
UAN's Dividend Yield is rather good when compared to the industry average which is at 3.36. UAN pays more dividend than 100.00% of the companies in the same industry.
UAN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 22.7% |
5.2 History
UAN has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of UAN decreased in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
163.13% of the earnings are spent on dividend by UAN. This is not a sustainable payout ratio.
DP163.13%
EPS Next 2YN/A
EPS Next 3YN/A
CVR PARTNERS LP
NYSE:UAN (4/26/2024, 7:21:19 PM)
After market: 81.87 0 (0%)81.87
+3.46 (+4.41%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap865.37M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 22.7% |
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)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.02 | ||
| Fwd PE | N/A | ||
| 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)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.68% | ||
| ROE | 56.94% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 29.79% | ||
| PM (TTM) | 25.31% | ||
| GM | 45.79% | ||
| 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 Turnover0.7
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.81 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.2 | ||
| Quick Ratio | 1.28 | ||
| 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)-39.67%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next YN/A
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-18.44%
Revenue growth 3Y24.87%
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