CVR Energy Inc Stock Research

Market Summary

USD32.78+0.15

Market Closed

0.46%

CVI Alerts

Big jump in Revenue (Y/Y)
Big jump in Earnings (Y/Y)

CVI Stock Price

CVI RSI Chart

CVI Valuation

Market Cap

3.3B

Price/Earnings (Trailing)

7.08

Price/Sales (Trailing)

0.3

EV/EBITDA

6.02

Price/Free Cashflow

3.39

CVI Price/Sales (Trailing)

CVI Profitability

Operating Margin

10.37%

EBT Margin

7.35%

Return on Equity

87.19%

Return on Assets

11.24%

Free Cashflow Yield

29.49%

CVI Fundamentals

CVI Revenue

Revenue (TTM)

10.9B

Revenue Y/Y

26.83%

Revenue Q/Q

-0.7%

CVI Earnings

Earnings (TTM)

463.0M

Earnings Y/Y

900%

Earnings Q/Q

20.43%

Price Action

52 Week Range

18.8641.26

(Low)(High)

Last 7 days

5.2%

Last 30 days

2.8%

Last 90 days

4.1%

Trailing 12 Months

66.5%

CVI Financial Health

Current Ratio

1.11

Debt/Equity

2.98

Debt/Cashflow

0.61

CVI Investor Care

Dividend Yield

1.67%

Dividend/Share (TTM)

0.53

Diluted EPS (TTM)

4.6

Peers (Alternatives to CVR Energy)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
XOM	446.9B	413.7B	-0.38%	35.42%	8.02	1.08	44.83%	141.93%
CVX	313.8B	246.3B	1.01%	1.50%	8.85	1.27	51.57%	126.98%
COP	125.6B	82.2B	-3.97%	2.67%	6.73	1.53	69.92%	131.22%
MPC	65.8B	180.0B	8.37%	59.84%	4.53	0.37	48.81%	49.07%
PSX	48.1B	175.7B	-2.51%	17.82%	4.37	0.27	52.98%	737.05%
APA	14.4B	11.9B	-7.82%	-13.06%	4.67	1.31	50.58%	232.96%
MID-CAP
MUR	5.7B	4.2B	-6.56%	-8.50%	5.87	1.34	50.65%	1409.36%
PBF	5.3B	46.8B	-1.19%	79.48%	1.83	0.11	71.83%	1145.37%
CVI	3.3B	10.9B	2.84%	66.47%	7.08	0.3	50.46%	1752.00%
REGI	3.1B	-	0.65%	-11.32%	16.6	0.85	-	-
CPE	2.0B	3.2B	-14.22%	-45.65%	1.69	0.63	60.18%	231.32%
SMALL-CAP
GPRE	1.8B	3.7B	-11.80%	1.12%	-14.25	0.5	29.56%	-92.78%
CLMT	1.4B	4.7B	-12.81%	27.70%	-8.18	0.29	48.88%	36.52%
GEVO	365.2M	3.0M	-16.76%	-67.92%	-3.73	120.03	327.99%	-65.54%

Financials for CVR Energy

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	5.5%	10,896	10,329	9,513	8,152	7,242
Cost Of Revenue	3.8%	9,766	9,409	8,525	7,567	7,024
S&GA Expenses	2.8%	149	145	140	131	119
EBITDA	7.6%	723	672	491	-42.00	-
EBITDA Margin	-6.1%	0.07*	0.07*	0.06*	-0.01*	-
Earnings Before Taxes	34.2%	801	597	663	350	66.00
EBT Margin	27.2%	0.07*	0.06*	0.07*	0.04*	-
Interest Expenses	27.4%	-85.00	-117	-	-	-
Net Income	-1.7%	463	471	462	221	25.00
Net Income Margin	-6.8%	0.04*	0.05*	0.03*	0.02*	-
Free Cahsflow	9.6%	967	882	865	622	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-2.1%	4,119	4,206	4,671	4,345	3,906
Current Assets	-3.9%	1,593	1,658	2,119	1,766	1,369
Cash Equivalents	-17.5%	510	618	893	676	510
Inventory	-1.3%	624	632	722	683	484
Current Liabilities	-6.0%	1,439	1,531	1,695	1,552	1,156
Long Term Debt	-0.1%	1,585	1,587	1,588	1,589	1,654
Shareholder's Equity	-5.2%	531	560	1,060	876	553
Retained Earnings	-3.1%	-976	-947	-738	-863	-956
Additional Paid-In Capital	0%	1,508	1,508	1,508	1,508	1,510
Shares Outstanding	0%	101	101	101	-	-
Minority Interest	23.2%	260	211	291	232	217

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	9.6%	967	882	865	622	396
Share Based Compensation	10.9%	71.00	64.00	62.00	63.00	46.00
Cashflow From Investing	-8.0%	-271	-251	-253	-225	-238
Cashflow From Financing	-20.2%	-696	-579	-238	-428	-315
Dividend Payments	-20.0%	483	604	0.00	241	-
Buy Backs	0%	12.00	12.00	12.00	11.00	1.00

Risks for CVI

What is the probability of a big loss on CVI?

100%

Probability that CVR Energy stock will be more than 20% underwater in next one year

63.1%

Probability that CVR Energy stock will be more than 30% underwater in next one year.

46.5%

Probability that CVR Energy stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CVI drawdown profile look like?

Y-axis is the maximum loss one would have experienced if CVR Energy was unfortunately bought at previous high price.

Drawdowns

Returns for CVI

Cumulative Returns on CVI

6.9%

10-Year Cumulative Returns

15.9%

7-Year Cumulative Returns

14.7%

5-Year Cumulative Returns

48.8%

3-Year Cumulative Returns

What are the long-term rolling returns for CVI?

FIve years rolling returns for CVR Energy.

Annualized Returns

Which funds bought or sold CVI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-27	Neo Ivy Capital Management	sold off	-100	-	-	-%
2023-03-23	MetLife Investment Management, LLC	unchanged	-	37,024	491,662	-%
2023-03-17	American Portfolios Advisors	unchanged	-	-113	725	-%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	52.55	641,871	1,630,870	-%
2023-03-06	Rockefeller Capital Management L.P.	new	-	1,000	1,000	-%
2023-02-28	Voya Investment Management LLC	unchanged	-	26,937	358,937	-%
2023-02-21	Empirical Finance, LLC	added	0.7	33,876	413,876	0.04%
2023-02-21	MACQUARIE GROUP LTD	sold off	-	-31,000	-	-%
2023-02-21	Empowered Funds, LLC	added	14.29	1,339,750	7,019,750	0.46%
2023-02-17	TRUIST FINANCIAL CORP	new	-	388,491	388,491	-%

Latest Funds Activity

Are funds buying CVI calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own CVI

No. of Funds

CVR Energy News

CVI Fair Value

CVR Energy fair value in different scenarios

The table shows the Fair Value estimates for CVR Energy for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	21.45 -34.56%	37.61 14.73%	59.24 80.72%	98.57 200.70%	166.60 408.24%
Current Inflation	26.75 -18.40%	36.13 10.22%	58.07 77.15%	84.03 156.35%	104.47 218.70%
Very High Inflation	17.95 -45.24%	29.74 -9.27%	45.02 37.34%	73.25 123.46%	121.53 270.74%

Historical CVR Energy Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of CVR Energy

View All Filings

Date Filed	Form Type	Document
Mar 24, 2023	3	Insider Trading
Mar 17, 2023	8-K	Current Report
Mar 06, 2023	8-K	Current Report
Feb 22, 2023	10-K	Annual Report
Feb 21, 2023	8-K	Current Report
Feb 17, 2023	4	Insider Trading
Jan 04, 2023	8-K	Current Report

Latest Insider Trading transactions for CVI

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-15	Wright Michael H. Jr.	back to issuer	-217,336	32.86	-6,614	evp & chief operating officer
2023-02-15	Wright Michael H. Jr.	acquired	-	-	6,614	evp & chief operating officer
2022-12-14	LAMP DAVID L	acquired	-	-	79,813	president and ceo
2022-12-14	Johnson Charles Douglas	back to issuer	-266,525	32.42	-8,221	evp & chief commercial officer
2022-12-14	Buhrig Melissa M	back to issuer	-1,126,890	32.42	-34,759	evp, general counsel & sec.
2022-12-14	Wright Michael H. Jr.	back to issuer	-313,437	32.42	-9,668	evp & chief operating officer
2022-12-14	Wright Michael H. Jr.	acquired	-	-	9,668	evp & chief operating officer
2022-12-14	PYTOSH MARK A	acquired	-	-	24,357	evp - corporate services
2022-12-14	Neumann Dane J.	acquired	-	-	13,192	evp & chief financial officer
2022-12-14	Buhrig Melissa M	acquired	-	-	34,759	evp, general counsel & sec.

About CVR Energy

David L. Lamp

www.cvrenergy.com

1430

CVR Energy, Inc., together with its subsidiaries, engages in the petroleum refining and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products. It also owns and operates a coking medium-sour crude oil refinery in southeast Kansas; and a crude oil refinery in Wynnewood, Oklahoma, as well as supporting logistics assets. This segment primarily serves retailers, railroads, farm co-operatives, and other refiners/marketers. The Nitrogen Fertilizer segment owns and operates a nitrogen fertilizer plant in North America that utilizes a pet coke gasification process to produce nitrogen fertilizer products; and a nitrogen fertilizer facility in East Dubuque, Illinois that produces nitrogen fertilizers in the form of ammonia and urea ammonium nitrate (UAN). It primarily markets UAN products to agricultural customers; and ammonia products to agricultural and industrial customers. The company was founded in 1906 and is headquartered in Sugar Land, Texas. CVR Energy, Inc. is a subsidiary of Icahn Enterprises L.P.

CVI Income Statement

2022-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Net sales	$ 10,896	$ 7,242	$ 3,930
Operating costs and expenses:
Cost of materials and other	8,766	6,185	3,373
Direct operating expenses (exclusive of depreciation and amortization)	719	569	478
Depreciation and amortization	281	270	268
Cost of sales	9,766	7,024	4,119
Selling, general and administrative expenses (exclusive of depreciation and amortization)	149	119	86
Depreciation and amortization	7	9	10
Loss on asset disposals	11	3	7
Goodwill impairment	0	0	41
Operating income (loss)	963	87	(333)
Other (expense) income:
Interest expense, net	(85)	(117)	(130)
Investment income on marketable securities	0	81	41
Other (expense) income, net	(77)	15	7
Income (loss) before income tax expense	801	66	(415)
Income tax expense (benefit)	157	(8)	(95)
Net income (loss)	644	74	(320)
Less: Net income (loss) attributable to noncontrolling interest	181	49	(64)
Net income (loss) attributable to CVR Energy stockholders	$ 463	$ 25	$ (256)
Basic earnings (loss) per share (in dollars per share)	$ 4.60	$ 0.25	$ (2.54)
Diluted earnings (loss) per share (in dollars per share)	$ 4.60	$ 0.25	$ (2.54)
Weighted-average common shares outstanding:
Basic (in shares)	100.5	100.5	100.5
Diluted (in shares)	100.5	100.5	100.5

CVI Balance Sheet

2022-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents (including $86 and $113, respectively, of consolidated variable interest entity (“VIE”))	$ 510	$ 510
Accounts receivable, net (including $90 and $88, respectively, of VIE)	358	299
Inventories (including $78 and $52, respectively, of VIE)	624	484
Prepaid expenses and other current assets (including $11 and $9, respectively, of VIE)	101	76
Total current assets	1,593	1,369
Property, plant, and equipment, net (including $811 and $850, respectively, of VIE)	2,247	2,273
Other long-term assets (including $24 and $14, respectively, of VIE)	279	264
Total assets	4,119	3,906
Current liabilities:
Accounts payable (including $51 and $50, respectively, of VIE)	497	409
Other current liabilities (including $75 and $111, respectively, of VIE)	942	747
Total current liabilities	1,439	1,156
Long-term liabilities:
Long-term debt and finance lease obligations, net of current portion (including $547 and $611, respectively, of VIE)	1,585	1,654
Deferred income taxes	249	268
Other long-term liabilities (including $16 and $12, respectively, of VIE)	55	58
Total long-term liabilities	1,889	1,980
Commitments and contingencies (See Note 11)
CVR Energy stockholders’ equity:
Common stock, $0.01 par value per share; 350,000,000 shares authorized; 100,629,209 and 100,629,209 shares issued as of December 31, 2022 and 2021, respectively	1	1
Additional paid-in-capital	1,508	1,510
Accumulated deficit	(976)	(956)
Treasury stock, 98,610 shares at cost	(2)	(2)
Total CVR stockholders’ equity	531	553
Noncontrolling interest	260	217
Total equity	791	770
Total liabilities and equity	$ 4,119	$ 3,906