CVR Energy Inc
NYSE:CVI
Intrinsic Value
CVR Energy, Inc. is a holding company. [ Read More ]
The intrinsic value of one CVI stock under the Base Case scenario is 39.44 USD. Compared to the current market price of 34.87 USD, CVR Energy Inc is Undervalued by 12%.
Valuation Backtest
CVR Energy Inc
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Fundamental Analysis
Solid Annual Performance Despite Q4 Challenges
2023-Q4 Earnings Call
In 2023, the company delivered a robust financial performance, with a net income of $878 million, earnings per share (EPS) at $7.65, and EBITDA at $1.4 billion. Despite softer crack spreads and lower year-over-year fertilizer prices in Q4, they generated $204 million in EBITDA. They achieved this through reduced operating costs and higher asset utilization, notably benefitting from lower natural gas and electricity prices. Additionally, EPS was $0.91 for Q4 and adjusted to $0.65, taking into account other expenses. The company also processed significant amounts of vegetable oil feedstock and reported strong fertilizer segment operation. Moreover, they have a guidance for 2024 with an estimated total consolidated capital spending of $225 million to $250 million and turnaround spending of $60 million to $70 million. Ending the year, they have a strong cash balance and have announced a regular Q4 dividend of $0.50 per share.
Balance Sheet Decomposition
CVR Energy Inc
Current Assets | 2.2B |
Cash & Short-Term Investments | 581m |
Receivables | 884m |
Other Current Assets | 714m |
Non-Current Assets | 2.5B |
PP&E | 2.2B |
Other Non-Current Assets | 307m |
Current Liabilities | 1.7B |
Accounts Payable | 530m |
Accrued Liabilities | 129m |
Other Current Liabilities | 1B |
Non-Current Liabilities | 2.2B |
Long-Term Debt | 1.6B |
Other Non-Current Liabilities | 599m |
Earnings Waterfall
CVR Energy Inc
Revenue
|
9.2B
USD
|
Cost of Revenue
|
-8B
USD
|
Gross Profit
|
1.3B
USD
|
Operating Expenses
|
-148m
USD
|
Operating Income
|
1.1B
USD
|
Other Expenses
|
-356m
USD
|
Net Income
|
769m
USD
|
Free Cash Flow Analysis
CVR Energy Inc
What is Free Cash Flow?
CVI Profitability Score
Profitability Due Diligence
CVR Energy Inc's profitability score is 63/100. The higher the profitability score, the more profitable the company is.
Score
CVR Energy Inc's profitability score is 63/100. The higher the profitability score, the more profitable the company is.
CVI Solvency Score
Solvency Due Diligence
CVR Energy Inc's solvency score is 51/100. The higher the solvency score, the more solvent the company is.
Score
CVR Energy Inc's solvency score is 51/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
CVI Price Targets Summary
CVR Energy Inc
According to Wall Street analysts, the average 1-year price target for CVI is 31.96 USD with a low forecast of 25.25 USD and a high forecast of 38.85 USD.
Ownership
CVI Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
CVI Price
CVR Energy Inc
Average Annual Return | 24.53% |
Standard Deviation of Annual Returns | 68.12% |
Max Drawdown | -80% |
Market Capitalization | 3.5B USD |
Shares Outstanding | 100 531 000 |
Percentage of Shares Shorted | 21.78% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
CVR Energy, Inc. is a holding company. The company is headquartered in Sugar Land, Texas and currently employs 1,429 full-time employees. The company went IPO on 2007-10-23. The company has two segments: Petroleum and Nitrogen Fertilizer. Petroleum segment is an independent petroleum refiner and marketer of high value transportation fuels. The segment is composed of the assets and operations of CVR Refining, including two refineries located in Coffeyville, Kansas and Wynnewood, Oklahoma and supporting logistics assets in the region. Nitrogen Fertilizer segment produces and markets nitrogen fertilizers in the form of UAN and ammonia. The company owns a complex full coking, medium-sour crude oil refinery in southeast Kansas, approximately 100 miles from Cushing, Oklahoma. The Coffeyville Refinery’s operations include fractionation, catalytic cracking, hydrotreating, reforming, coking, isomerization, alkylation, sulfur recovery, and propane and butane recovery operating units.
Contact
IPO
Employees
Officers
The intrinsic value of one CVI stock under the Base Case scenario is 39.44 USD.
Compared to the current market price of 34.87 USD, CVR Energy Inc is Undervalued by 12%.