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CVR Energy Inc
NYSE:CVI

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CVR Energy Inc Logo
CVR Energy Inc
NYSE:CVI
Watchlist
Price: 34.87 USD -0.8% Market Closed
Updated: Mar 28, 2024

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%.

Key Points:
CVI Intrinsic Value
Base Case
39.44 USD
Undervaluation 12%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
CVR Energy Inc

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Fundamental Analysis

Solid Annual Performance Despite Q4 Challenges
2023-Q4 Earnings Call

Solid Annual Performance Despite Q4 Challenges

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.

Financials

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
Efficiency

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

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
Chart
Table
What is Free Cash Flow?
Fundamental Scores

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.

Exceptional 3-Year Average ROE
Exceptional ROE
Exceptional 3-Years Revenue Growth
ROE is Increasing
63/100
Profitability
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.

High Altman Z-Score
High Interest Coverage
Short-Term Solvency
Long-Term Solvency
51/100
Solvency
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

Wall Street analysts forecast CVI stock price to drop over the next 12 months.

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.

Lowest
Price Target
25.25 USD
28% Downside
Average
Price Target
31.96 USD
8% Downside
Highest
Price Target
38.85 USD
11% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

CVI Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

CVI Price
CVR Energy Inc

1M 1M
+10%
6M 6M
-1%
1Y 1Y
+10%
3Y 3Y
+192%
5Y 5Y
+54%
10Y 10Y
+137%
Annual Price Range
34.87
52w Low
22.78
52w High
37.04
Price Metrics
Average Annual Return 24.53%
Standard Deviation of Annual Returns 68.12%
Max Drawdown -80%
Shares Statistics
Market Capitalization 3.5B USD
Shares Outstanding 100 531 000
Percentage of Shares Shorted 21.78%

CVI Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

CVR Energy Inc Logo
CVR Energy Inc

Country

United States of America

Industry

Energy

Market Cap

3.5B USD

Dividend Yield

5.57%

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

TEXAS
Sugar Land
2277 Plaza Dr Ste 500
+12812073200.0
https://www.cvrenergy.com/

IPO

2007-10-23

Employees

1 429

Officers

President, CEO & Director
Mr. David L. Lamp
Executive VP, CFO, Treasurer & Assistant Secretary
Mr. Dane J. Neumann
Executive VP & COO
Mr. Michael H. Wright Jr.
Executive VP, General Counsel & Secretary
Ms. Melissa M. Buhrig
Executive Vice President of Corporate Services
Mr. Mark A. Pytosh
VP, Chief Accounting Officer & Corporate Controller
Mr. Jeffrey D. Conaway
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Investor Relations Officer
Mr. Richard J. Roberts Jr.
Director of Labor Relations & Manufacturing Human Resources
Mr. Carl D. Findley
Senior Vice President of Refined Products & Risk Management
Mr. Mike Puddy
Executive VP & Chief Commercial Officer
Mr. C. Douglas Johnson
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See Also

Discover More
What is the Intrinsic Value of one CVI stock?

The intrinsic value of one CVI stock under the Base Case scenario is 39.44 USD.

Is CVI stock undervalued or overvalued?

Compared to the current market price of 34.87 USD, CVR Energy Inc is Undervalued by 12%.