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Icahn Enterprises (IEP)
NASDAQ:IEP
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Icahn Enterprises
(NASDAQ:IEP)
47Neutral
Icahn Enterprises (IEP) vs. S&P 500 (SPY)
Market Cap
$4.56B
Dividend Yield35.93%
Average Volume (3M)628.59K
Price to Earnings (P/E)―
Beta (1Y)1.12
Revenue Growth-11.56%
EPS Growth-44.04%
CountryUS
Employees15,037
SectorEnergy
Sector Strength43
IndustryConglomerates
Share Statistics
EPS (TTM)-0.79
Shares Outstanding522,736,300
10 Day Avg. Volume408,999
30 Day Avg. Volume628,588
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap2.03
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit16.08
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. (IEP) is a diversified holding company engaged in a variety of business sectors, including Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion, and Pharma. Headquartered in Sunny Isles Beach, Florida, Icahn Enterprises is led by renowned investor Carl Icahn. The company operates through multiple subsidiaries, offering a range of products and services across its different segments, with a strategic focus on creating value through the acquisition, management, and restructuring of companies.
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. Strategic improvements are needed to enhance revenue growth and profitability, while a strong cash position provides 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.―
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
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.―
| 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
8.54
Price Trends
8.92
Negative
9.04
Negative
10.69
Negative
Market Momentum
-0.05
Negative
46.30
Neutral
29.10
Neutral
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 8.54 is below the 20-day moving average (MA) of 8.57, below the 50-day MA of 8.92, and below the 200-day MA of 10.69, indicating a bearish trend. The MACD of -0.05 indicates Negative momentum. The RSI at 46.30 is Neutral, neither overbought nor oversold. The STOCH value of 29.10 is Neutral, 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 (56)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $6.09B | 17.84 | 22.84% | 0.81% | -0.57% | 116.12% | |
74 Outperform | $3.38B | 14.48 | 93.05% | 0.97% | -3.38% | 26.22% | |
73 Outperform | $3.58B | 12.67 | 10.51% | 2.92% | -22.50% | -32.26% | |
58 Neutral | $731.36M | 3.32 | 25.02% | ― | 6.37% | 86.42% | |
56 Neutral | $6.91B | 3.46 | -4.86% | 5.95% | 0.08% | -49.21% | |
53 Neutral | $1.30B | ― | -4.98% | 5.80% | 6.77% | 9.95% | |
47 Neutral | $4.56B | ― | -26.86% | 35.93% | -11.56% | -44.04% |
* Energy Sector Average
Performance Comparison
IEP
Icahn Enterprises
8.54
-6.09
-41.63%
CODI
Compass Diversified Holdings
6.55
-14.37
-68.69%
GFF
Griffon
70.92
-2.65
-3.60%
MDU
Mdu Resources Group
17.50
3.70
26.81%
SPLP
Steel Partners Holdings
37.50
-0.25
-0.66%
VMI
Valmont
309.21
55.87
22.05%
Icahn Enterprises Earnings Call Summary
Earnings Call Date:May 07, 2025
(Q1-2025)
| % Change Since: -2.06%|
Next Earnings Date:Aug 01, 2025
Earnings Call Sentiment Negative
The earnings call presented a mixed outlook with some positive developments in cash position and strategic investment opportunities, but these were overshadowed by significant declines in NAV, energy and automotive segment performance, and investment fund losses.Q1-2025 Updates
Positive Updates
CVI Stock and Share Purchase Increase
CVI share price increased by 3% with additional share purchases amounting to $33 million, leading to an overall increase of $80 million from the fourth quarter.
Strong Cash Position
The company ended the quarter with $1.3 billion of cash and cash equivalents at the holding company and an additional $900 million of cash at the funds.
Investment Opportunities and Strategy
Despite market volatility, there is considerable value creation potential in the portfolio, particularly in the energy and utility sectors, with a focus on AI-driven demand.
Real Estate Segment Developments
The company expects increased single-family home sales from the newest Country Club by the end of 2025 and is exploring additional property sales.
Negative Updates
NAV Decrease
Net Asset Value (NAV) decreased by $336 million from the fourth quarter of 2024, primarily due to negative performance in the funds and distribution accrual.
Energy Segment EBITDA Decline
Energy segment consolidated EBITDA was negative $61 million for Q1 '25 compared to $203 million in Q1 '24, impacted by the Coffeyville refinery turnaround and unfavorable mark-to-market RINs valuation.
Automotive Segment Underperformance
Automotive segment sales were down 9% year-over-year, with adjusted EBITDA at negative $6 million due to investments in labor, inventory, and facilities. The segment is closing underperforming locations.
Investment Fund Losses
The investment funds ended down approximately 8.4% for the quarter, primarily driven by healthcare investments.
Decreased EBITDA in Other Segments
Food Packaging's adjusted EBITDA decreased by $6 million, Pharma's by $3 million, and Home Fashion's by $1 million compared to the prior year quarter due to various operational challenges.
Company Guidance
In the first quarter of 2025, Icahn Enterprises L.P. reported a notable decrease in NAV by $336 million from Q4 2024, primarily due to negative fund performance and accruals for distributions. However, the company saw a $80 million increase in CVI due to a 3% share price rise and $33 million in additional share purchases. The company's investment funds experienced an 8.4% decline, mainly attributed to healthcare investments. Liquidity remained strong with $1.3 billion in cash at the holding company and $900 million at the funds. The Energy segment reported a negative EBITDA of $61 million, impacted by a Coffeyville refinery turnaround and unfavorable RINs valuations. The Automotive segment showed a 9% sales decline year-over-year, with adjusted EBITDA at negative $6 million. Despite these challenges, the company maintains a significant liquidity position, with $3.8 billion in cash and investments, and plans to capitalize on emerging opportunities. The Board has upheld a quarterly distribution of $0.50 per depositary unit.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.