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Icahn Enterprises (IEP)
NASDAQ:IEP
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Icahn Enterprises
(NASDAQ:IEP)
51Neutral
Icahn Enterprises (IEP) vs. S&P 500 (SPY)
Market Cap
$5.07B
Dividend Yield36.12%
Average Volume (3M)681.96K
Price to Earnings (P/E)―
Beta (1Y)1.30
Revenue Growth-14.71%
EPS Growth47.48%
CountryUS
Employees15,037
SectorEnergy
Sector Strength86
IndustryConglomerates
Share Statistics
EPS (TTM)-0.95
Shares Outstanding522,736,300
10 Day Avg. Volume687,226
30 Day Avg. Volume681,963
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.51
Price to Cash Flow (P/CF)5.20
P/FCF Ratio3.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Icahn Enterprises Business Overview & Revenue Model
Company DescriptionIcahn 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.
How the Company Makes MoneyIcahn Enterprises makes money through a diversified revenue model that leverages its investments and operational businesses across various sectors. The company generates income from its investment activities, which include sizable holdings in equities and other securities. In the Energy sector, IEP earns revenues from refining and marketing petroleum products. The Automotive segment contributes through the sale of auto parts and services. In Food Packaging, the company produces and sells a variety of containers and packaging materials. Real Estate operations involve the rental and sale of properties. The Home Fashion segment generates revenue from the sale of home textiles, while the Pharma segment is involved in the development and sale of pharmaceutical products. Strategic acquisitions and restructuring efforts also play a critical role in enhancing the company’s profitability. Additionally, Icahn Enterprises benefits from significant partnerships and investments that align with its long-term strategic goals.
Icahn Enterprises Financial Statement Overview
Summary
Icahn Enterprises faces operational and profitability challenges, with persistent negative net income and declining revenue. Despite this, the company has improved its cash flow position and maintains a strong balance sheet with no debt in 2024. The strong cash position offers some financial flexibility.Income Statement
Icahn Enterprises' income statement reveals some challenges with a declining revenue trend from 2022 to 2024, alongside negative net income, indicating operating difficulties. Despite a high gross profit margin due to zero cost of goods sold in 2024, the net profit margin remains negative, showing profitability issues. The EBIT margin improved significantly from 2023 to 2024, suggesting some operational efficiency gains.40
Negative
Balance Sheet
The balance sheet shows a relatively stable financial position with no debt in 2024, improving the debt-to-equity ratio. However, the equity ratio has decreased over the years, indicating a shrinking proportion of equity financing. The return on equity remains negative, reflecting ongoing profitability challenges. The company maintains a strong cash position, which is a positive sign.55
Neutral
Cash Flow
The cash flow statement indicates that Icahn Enterprises has improved its free cash flow in 2024, despite a significant decline in operating cash flow compared to 2023. The company has managed to generate positive free cash flow, demonstrating efficient capital expenditure management. However, the ratio of operating cash flow to net income is weak due to persistent net losses.60
Neutral
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 9.19B | 11.85B | 14.13B | 10.94B | 7.42B | Gross Profit |
| 574.00M | 1.88B | 2.44B | 1.46B | 1.10B | EBIT |
| 0.00 | 3.00M | 246.00M | -758.00M | -947.00M | EBITDA |
| 467.00M | 150.00M | 755.00M | 605.00M | -1.45B | Net Income Common Stockholders |
| -445.00M | -684.00M | -25.00M | -500.00M | -2.47B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 4.91B | 2.95B | 9.15B | 11.47B | 10.61B | Total Assets |
| 16.28B | 20.86B | 27.91B | 27.75B | 24.99B | Total Debt |
| 6.81B | 7.21B | 7.10B | 7.69B | 8.06B | Net Debt |
| 4.21B | 4.26B | 4.76B | 5.37B | 6.36B | Total Liabilities |
| 11.66B | 14.79B | 18.36B | 18.40B | 15.73B | Stockholders Equity |
| 4.62B | 3.97B | 9.56B | 9.34B | 9.26B |
| Cash Flow | Free Cash Flow | |||
| 552.00M | 3.43B | 717.00M | 16.00M | -615.00M | Operating Cash Flow |
| 832.00M | 3.74B | 1.05B | 321.00M | -416.00M | Investing Cash Flow |
| -215.00M | -290.00M | -260.00M | 528.00M | -581.00M | Financing Cash Flow |
| -1.32B | -2.38B | -344.00M | 293.00M | -653.00M |
Icahn Enterprises Technical Analysis
Negative
9.41
Price Trends
9.33
Positive
9.78
Negative
11.58
Negative
Market Momentum
0.04
Negative
49.57
Neutral
85.05
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IEP, the sentiment is Negative. The current price of 9.41 is below the 20-day moving average (MA) of 9.42, above the 50-day MA of 9.33, and below the 200-day MA of 11.58, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 49.57 is Neutral, neither overbought nor oversold. The STOCH value of 85.05 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IEP.
Icahn Enterprises Peers Comparison
Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $81.81B | 20.01 | 28.29% | 1.29% | -20.40% | -13.30% | |
70 Outperform | $4.02B | 26.58 | 33.88% | 2.99% | 6.39% | 14.55% | |
68 Neutral | $15.94B | 15.92 | 18.90% | 3.17% | 62.87% | ― | |
65 Neutral | $180.72B | 40.95 | 36.95% | 2.66% | 21.25% | 97.42% | |
64 Neutral | $103.48B | 35.56 | 13.23% | 0.60% | 42.19% | -18.20% | |
58 Neutral | $8.70B | 5.51 | -5.93% | 7.52% | -0.18% | -74.84% | |
51 Neutral | $5.07B | ― | -12.09% | 36.12% | -14.71% | 47.48% |
* Energy Sector Average
Performance Comparison
IEP
Icahn Enterprises
9.41
-4.51
-32.40%
APO
Apollo Global Management
148.40
36.54
32.67%
CNS
Cohen & Steers
80.97
8.55
11.81%
KKR
KKR & Co
121.97
21.70
21.64%
BX
Blackstone Group
152.08
26.57
21.17%
CG
Carlyle Group
46.24
1.17
2.60%
Icahn Enterprises Earnings Call Summary
Earnings Call Date: Feb 26, 2025 | % Change Since: -3.49% | Next Earnings Date: May 7, 2025
Earnings Call Sentiment Neutral
The earnings call presents a mixed picture with significant achievements in the real estate segment and maintenance of liquidity, while facing challenges in the energy and automotive segments. The overall sentiment reflects a balance between positive strides in certain areas and significant declines in others.Highlights
Real Estate Segment Value Surge
The real estate segment increased by $292 million due to the sale of certain properties and a change in valuation approach. This marks a significant jump in the indicative net asset value for the segment.
Successful Tender Offer in CVR Energy
A tender offer led to the successful purchase of 878,000 shares of CVR Energy, which is expected to benefit from improved crack spreads and potential resolution of litigation liabilities.
Maintained Liquidity and War Chest
The company ended the quarter with $1.4 billion in cash and cash equivalents at the holding company and an additional $915 million at the funds, providing a significant war chest to capitalize on opportunities.
Improved Renewable Margins
Q4 2024 renewable margin per vegetable oil throughput gallon improved to $0.79 from a loss of $0.90 in the prior year quarter, driven by lower cost of sales and an increase in the HOGO spread.
Pharma Segment Milestone
The Pharma segment's adjusted EBITDA improved by $1 million due to higher growth and a developmental therapy clearing a significant FDA milestone, leading to preparations for clinical trials.
Lowlights
Net Asset Value Decrease
The NAV decreased by $223 million from the third quarter, driven by a $286 million decline in CVR Energy.
Energy Segment EBITDA Decline
Energy segment EBITDA was $99 million for Q4 2024, down from $204 million in Q4 2023, due to reduced throughput and lower crack spreads.
Automotive Segment Challenges
The automotive business continues to lag due to previously discussed issues, with new initiatives expected to resolve challenges by the second half of 2025.
Decrease in Investment Fund Performance
The investment funds were down approximately 1.6% for the quarter, with the biggest decline in the investment in Caesars.
Reduction in Real Estate and Food Packaging EBITDA
Real estate adjusted EBITDA decreased by $5 million, and Food Packaging's adjusted EBITDA decreased by $6 million for Q4 2024 compared to the prior year quarter.
Company Guidance
During the Icahn Enterprises L.P. Fourth Quarter 2024 earnings call, several key metrics were discussed. The company's net asset value (NAV) decreased by $223 million from the previous quarter, primarily due to a $286 million decline in CVR Energy and the sale of certain real estate properties. The energy segment reported a Q4 2024 EBITDA of $99 million, down from $204 million in the prior year, with a refining margin per throughput barrel of $8.37 compared to $15.01. The automotive segment faced challenges, with plans for normalization by the second half of 2025. The fund ended the quarter 22% net long, adjusted to 35% net long excluding refining hedges. The board maintained a quarterly distribution of $0.50 per depository unit. The real estate segment saw a $292 million increase due to property sales and revaluation, while the investment funds were down 1.6% for the quarter. The company ended Q4 with $1.4 billion in cash and cash equivalents at the holding company and $915 million at the funds, highlighting a strong liquidity position.Icahn Enterprises Corporate Events
Business Operations and StrategyFinancial Disclosures
Icahn Enterprises Highlights Financial Status in New Presentation
Neutral
Feb 28, 2025
Icahn Enterprises L.P. has released updated presentation materials intended for investor and media meetings, highlighting its diverse business operations and financial status as of December 31, 2024. The company reported a liquidity of approximately $2.7 billion through its investments, with a focus on creating value through organic growth and strategic acquisitions. The presentation also outlines various risks and uncertainties that could impact future performance, including economic volatility and industry-specific challenges.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.