Icahn Enterprises LP Stock Research

Market Summary

USD51.46+1.11

Market Closed

2.20%

IEP Alerts

Big jump in Revenue (Y/Y)
Big jump in Earnings (Y/Y)
Losses in recent quarter

IEP Stock Price

IEP RSI Chart

IEP Valuation

Market Cap

17.6B

Price/Earnings (Trailing)

-50.48

Price/Sales (Trailing)

1.4

EV/EBITDA

24.78

Price/Free Cashflow

5.85

IEP Price/Sales (Trailing)

IEP Profitability

EBT Margin

0.06%

Return on Assets

-0.66%

Free Cashflow Yield

17.1%

IEP Fundamentals

IEP Revenue

Revenue (TTM)

14.1B

Revenue Y/Y

33.95%

Revenue Q/Q

-8.9%

IEP Earnings

Earnings (TTM)

-183.0M

Earnings Y/Y

35.61%

Earnings Q/Q

-107.32%

Price Action

52 Week Range

43.7354.48

(Low)(High)

Last 7 days

-2.6%

Last 30 days

-6.5%

Last 90 days

-0.8%

Trailing 12 Months

8.8%

IEP Financial Health

IEP Investor Care

Peers (Alternatives to Icahn Enterprises)

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
GE	127.6B	76.6B	8.56%	-2.47%	567.03	1.67	3.18%	103.45%
HON	126.3B	35.5B	-7.50%	1.69%	25.43	3.56	3.12%	-10.39%
MMM	57.2B	34.2B	-9.66%	-26.47%	9.91	1.67	-3.18%	-2.43%
ROP	45.5B	5.4B	-2.04%	-5.31%	10	8.46	11.13%	294.30%
IEP	17.6B	14.1B	-6.46%	8.75%	-50.48	1.4	24.37%	64.67%
MID-CAP
OSK	5.4B	8.3B	-10.51%	-23.46%	30.91	0.65	4.14%	-62.29%
ALSN	4.0B	2.8B	-4.91%	14.13%	7.59	1.46	15.28%	20.14%
FSS	3.1B	1.4B	-3.97%	52.70%	25.86	2.17	18.27%	19.68%
MTOR	2.6B	4.3B	0.61%	53.23%	10.31	0.6	17.80%	81.88%
SMALL-CAP
FCEL	1.3B	135.8M	-12.14%	-48.21%	-10.39	9.23	56.94%	-26.12%
WNC	1.2B	2.5B	-13.52%	53.49%	10.4	0.47	38.76%	9544.16%
SPLP	920.3M	1.7B	1.05%	4.19%	4.47	0.54	11.18%	56.74%
SHYF	836.3M	1.0B	-24.53%	-38.32%	22.88	0.81	3.57%	-46.96%
REVG	707.7M	2.3B	-5.28%	-9.71%	46.56	0.3	-2.07%	-65.77%

Financials for Icahn Enterprises

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	6.0%	14,101	13,306	12,551	12,036	11,338
S&GA Expenses	1.7%	1,250	1,229	1,240	1,229	1,238
EBITDA	79.2%	1,086	606	612	906	-
EBITDA Margin	69.1%	0.08*	0.05*	0.05*	0.08*	-
Earnings Before Taxes	101.9%	9.00	-485	-493	-211	-578
EBT Margin	101.8%	0.00*	-0.04*	-0.04*	-0.02*	-
Interest Expenses	-1.9%	568	579	598	605	666
Net Income	-331.6%	-183	79.00	54.00	279	-518
Net Income Margin	-318.6%	-0.01*	0.01*	-0.03*	-0.03*	-
Free Cahsflow	-78.1%	717	3,275	3,013	2,479	-

Balance Sheet
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	1.4%	27,914,000,000	27,520,000,000	26,895,000,000	27,829,000,000	27,746,000,000
Cash Equivalents	-3.9%	2,337,000,000	2,432,000,000	2,453,000,000	2,160,000,000	2,321,000,000
Inventory	-8.5%	1,531,000,000	1,674,000,000	1,787,000,000	1,720,000,000	1,478,000,000
Net PPE	-0.5%	4,038,000,000	4,057,000,000	4,043,000,000	4,067,000,000	4,085,000,000
Goodwill	0.7%	288,000,000	286,000,000	288,000,000	288,000,000	290,000,000
Liabilities	4.0%	18,356,000,000	17,653,000,000	16,737,000,000	18,071,000,000	18,403,000,000

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-70.7%	1,055	3,595	3,314	2,792	321
Cashflow From Investing	-289.8%	-260	137	213	450	528
Cashflow From Financing	-56.4%	-344	-220	-324	-356	293

Risks for IEP

What is the probability of a big loss on IEP?

44.2%

Probability that Icahn Enterprises stock will be more than 20% underwater in next one year

31.9%

Probability that Icahn Enterprises stock will be more than 30% underwater in next one year.

Probability that Icahn Enterprises 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 IEP drawdown profile look like?

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

Drawdowns

Returns for IEP

Cumulative Returns on IEP

8.8%

10-Year Cumulative Returns

8.8%

7-Year Cumulative Returns

10.2%

5-Year Cumulative Returns

13.1%

3-Year Cumulative Returns

What are the long-term rolling returns for IEP?

FIve years rolling returns for Icahn Enterprises.

Annualized Returns

Which funds bought or sold IEP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	reduced	-1.78	847	765,847	0.02%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-0.05	35,310	1,855,310	-%
2023-03-06	Rockefeller Capital Management L.P.	added	3.94	82,000	1,441,000	0.01%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	reduced	-27.04	-24,824	72,176	-%
2023-02-17	TRUIST FINANCIAL CORP	reduced	-3.65	-4,201	229,799	-%
2023-02-16	HARBOUR INVESTMENTS, INC.	added	57,885	205,608	205,608	0.01%
2023-02-15	CI Private Wealth, LLC	new	-	452,811	452,811	-%
2023-02-15	Steward Partners Investment Advisory, LLC	added	8.64	23,502	246,502	-%
2023-02-15	State of Wyoming	sold off	-100	-3,000	-	-%
2023-02-15	GABELLI & Co INVESTMENT ADVISERS, INC.	sold off	-100	-348,000	-	-%

Latest Funds Activity

Are funds buying IEP calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own IEP

No. of Funds

Icahn Enterprises News

Schedule 13G FIlings of Icahn Enterprises

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Dec 23, 2022	icahn carl c	20.03%	69,901,393	SC 13D/A
Jul 01, 2022	icahn carl c	20.35%	64,695,106	SC 13D/A
Apr 29, 2022	icahn carl c	20.50%	62,127,170	SC 13D/A
Dec 27, 2021	icahn carl c	20.76%	59,893,683	SC 13D/A
Oct 01, 2021	icahn carl c	21.01%	57,581,058	SC 13D/A
Jul 01, 2021	icahn carl c	21.24%	55,373,010	SC 13D/A
Apr 29, 2021	icahn carl c	21.5%	53,467,393	SC 13D/A
Dec 30, 2020	icahn carl c	21.5%	51,669,068	SC 13D/A
Oct 01, 2020	icahn carl c	21.5%	49,721,044	SC 13D/A
Jun 26, 2020	icahn carl c	21.5%	47,735,734	SC 13D/A

IEP Fair Value

Recent SEC filings of Icahn Enterprises

View All Filings

Date Filed	Form Type	Document
Mar 10, 2023	8-K	Current Report
Feb 24, 2023	8-K	Current Report
Feb 24, 2023	10-K	Annual Report
Dec 23, 2022	SC 13D/A	13D - Major Acquisition
Dec 23, 2022	4	Insider Trading

Latest Insider Trading transactions for IEP

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2022-12-21	ICAHN CARL C	acquired	577,112,000	50.4407	11,441,400	-
2022-09-30	ICAHN BRETT	sold (taxes)	-891,878	49.77	-17,920	-
2022-06-29	ICAHN CARL C	acquired	533,266,000	48.3868	11,020,900	-
2022-04-27	ICAHN CARL C	acquired	514,094,000	53.6324	9,585,520	-
2021-12-22	ICAHN CARL C	acquired	494,244,000	49.7971	9,925,150	-
2021-09-30	ICAHN BRETT	sold (taxes)	-785,184	50.05	-15,688	-
2021-09-29	ICAHN CARL C	acquired	475,295,000	50.156	9,476,340	-
2021-09-20	Krongard A B	bought	250,000	50.00	5,000	-
2021-06-30	ICAHN CARL C	acquired	458,934,000	56.1155	8,178,390	-
2021-04-28	ICAHN CARL C	acquired	443,499,000	57.4635	7,717,920	-

About Icahn Enterprises

David Willetts

www.ielp.com

19500

Icahn Enterprises L.P., through its subsidiaries, operates in investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internationally. Its Investment segment invests its proprietary capital through various private investment funds. The company's Energy segment refines and markets transportation fuels; and produces and markets nitrogen fertilizers in the form of urea ammonium nitrate and ammonia. Its Automotive segment is involved in the retail and wholesale distribution of automotive parts; and offers automotive repair and maintenance services. The company's Food Packaging segment produces and sells cellulosic, fibrous, and plastic casings that are used for preparing processed meat products. Its Real Estate segment is involved in the rental of retail, office, and industrial properties; construction and sale of single-family homes and residential units; and golf and club operations. This segment also engages in hotel and timeshare resort operations. The company's Home Fashion segment manufactures, sources, markets, distributes, and sells home fashion consumer products. Its Pharma segment offers pharmaceutical products and services. The company was incorporated in 1987 and is headquartered in Sunny Isles Beach, Florida.

IEP 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
Revenues:
Net sales	$ 13,378	$ 10,304	$ 6,815
Other revenues from operations	748	647	608
Net (loss) gain from investment activities	(168)	193	(1,421)
Interest and dividend income	328	137	169
(Loss) gain on disposition of assets, net	(8)	141	(17)
Other loss, net	(177)	(84)	(31)
Total revenues	14,101	11,338	6,123
Expenses:
Cost of goods sold	11,689	9,485	6,320
Other expenses from operations	583	522	487
Selling, general and administrative	1,250	1,238	1,191
Restructuring, net	2	5	10
Impairment	0		11
Interest expense	568	666	688
Total Expenses	14,092	11,916	8,707
Income (loss) before income tax benefit (expense)	9	(578)	(2,584)
Income tax (expense) benefit	(34)	78	116
Net loss	(25)	(500)	(2,468)
Less: net income (loss) attributable to non-controlling interests	158	18	(815)
Net loss attributable to Icahn Enterprises	(183)	(518)	(1,653)
Net (loss) income attributable to Icahn Enterprises allocated to:
Limited partners	(179)	(604)	(1,620)
General partner	(4)	86	(33)
Net income (loss) attributable to Icahn Enterprises	$ (183)	$ (518)	$ (1,653)
Basic loss per LP unit:
Basic loss per LP unit	$ (0.57)	$ (2.32)	$ (7.33)
Basic weighted average LP units outstanding	316	260	221
Diluted loss per LP unit
Diluted loss per LP unit	$ (0.57)	$ (2.32)	$ (7.33)
Diluted weighted average LP units outstanding	316	260	221
Distributions declared per LP unit	$ 8.00	$ 8.00	$ 8.00

IEP Balance Sheet

2022-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 2,337	$ 2,321
Cash held at consolidated affiliated partnerships and restricted cash	2,549	2,115
Investments	6,809	9,151
Due from brokers	7,044	5,530
Accounts receivable, net	606	546
Inventories	1,531	1,478
Property, plant and equipment, net	4,038	4,085
Derivative assets, net	812	612
Goodwill	288	290
Intangible assets, net	533	595
Other assets	1,367	1,023
Total Assets	27,914	27,746
LIABILITIES AND EQUITY
Accounts payable	870	805
Accrued expenses and other liabilities	1,981	1,778
Deferred tax liabilities	338	390
Derivative liabilities, net	691	787
Securities sold, not yet purchased, at fair value	6,495	5,340
Due to brokers	885	1,611
Debt	7,096	7,692
Total liabilities	18,356	18,403
Commitments and contingencies (Note 17)
Equity:
Limited partners: Depositary units: 353,572,182 units issued and outstanding at December 31, 2022 and 293,403,243 units issued and outstanding at December 31, 2021	4,647	4,298
General partner	(747)	(754)
Equity attributable to Icahn Enterprises	3,900	3,544
Equity attributable to non-controlling interests	5,658	5,799
Total equity	9,558	9,343
Total Liabilities and Equity	$ 27,914	$ 27,746