Icahn Enterprises Financials

IEP Stock  USD 17.16  0.31  1.77%   
Based on the key indicators related to Icahn Enterprises' liquidity, profitability, solvency, and operating efficiency, Icahn Enterprises LP is not in a good financial situation at this time. It has a very high probability of going through financial hardship in April. At this time, Icahn Enterprises' Cash And Short Term Investments are relatively stable compared to the past year. As of 03/19/2024, Net Receivables is likely to grow to about 5.1 B, while Liabilities And Stockholders Equity is likely to drop slightly above 12.9 B. Key indicators impacting Icahn Enterprises' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio3.092.6732
Fairly Up
Slightly volatile
Current Ratio2.452.5752
Notably Down
Very volatile
The financial analysis of Icahn Enterprises is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Icahn Enterprises includes many different criteria found on its balance sheet. For example, investors should never minimize Icahn Enterprises' ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Icahn Enterprises' cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Icahn Enterprises.

Net Income

(663.1 Million)

With this module, you can analyze Icahn financials for your investing period. You should be able to track the changes in Icahn Enterprises individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past Icahn Enterprises Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Icahn Enterprises' financial statements are interrelated, with each one affecting the others. For example, an increase in Icahn Enterprises' assets may result in an increase in income on the income statement.
Evaluating Icahn Enterprises' financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of Icahn Enterprises' profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the Icahn Enterprises' relative financial performance

Chance Of Distress

Less than 32

 
100  
 
Zero
Below Average
Icahn Enterprises LP has less than 32 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Icahn Enterprises stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, Icahn Enterprises' odds of distress score SHOULD NOT be confused with the real chance of Icahn Enterprises LP filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as Icahn is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include Icahn Enterprises' liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
More Info
The data published in Icahn Enterprises' official financial statements usually reflect Icahn Enterprises' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Icahn Enterprises. For example, before you start analyzing numbers published by Icahn accountants, it's critical to develop an understanding of what Icahn Enterprises' liquidity, profitability, and earnings quality are in the context of the Industrial Conglomerates space in which it operates.
Please note, the presentation of Icahn Enterprises' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Icahn Enterprises' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Icahn Enterprises' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Icahn Enterprises LP. Please utilize our Beneish M Score to check the likelihood of Icahn Enterprises' management manipulating its earnings.

Icahn Enterprises Company Summary

Icahn Enterprises competes with HF Sinclair, Adams Resources, Delek US, Vertex Energy, and CVR Energy. 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. The company was incorporated in 1987 and is headquartered in Sunny Isles Beach, Florida. Icahn Enterprises operates under Conglomerates classification in the United States and is traded on NASDAQ Exchange. It employs 19536 people.
Specialization
Industrials, Oil & Gas Refining & Marketing
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS4511001012
CUSIP451100101 029169109
LocationFlorida; U.S.A
Business Address16690 Collins Avenue,
SectorIndustrial Conglomerates
IndustryIndustrials
BenchmarkNYSE Composite
Websitewww.ielp.com
Phone305 422 4100
CurrencyUSD - US Dollar
You should never invest in Icahn Enterprises without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Icahn Stock, because this is throwing your money away. Analyzing the key information contained in Icahn Enterprises' financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Icahn Enterprises Key Financial Ratios

Generally speaking, Icahn Enterprises' financial ratios allow both analysts and investors to convert raw data from Icahn Enterprises' financial statements into concise, actionable information that can be used to evaluate the performance of Icahn Enterprises over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Icahn Enterprises reports annually and quarterly.

Icahn Enterprises Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets24.6B25.0B27.7B27.9B20.9B13.1B
Net Debt4.4B6.4B5.4B4.8B6.3B6.6B
Total Liab13.7B15.7B18.4B18.4B14.8B8.3B
Other Current Liab1.5B3.2B3.4B2.8B301M286.0M
Short Term Debt1.4B2.5B26M21M3.5B3.9B
Cash3.8B1.7B2.3B2.3B4.9B5.1B
Other Assets546M1.3B9.3B11.8B11.5B12.0B
Net Receivables1.3B3.9B6.1B7.7B4.9B5.1B
Total Current Assets18.0B17.7B21.1B20.9B11.9B10.7B
Common Stock6.4B4.3B4.4B4.7B4.0B2.7B
Accounts Payable945M738M805M870M830M827.9M
Other Liab782M569M390M466M535.9M509.1M
Long Term Debt1.2B639M787M691M7.2B4.3B
Inventory1.8B1.6B1.5B1.5B1.0B1.3B
Other Current Assets1.2B1.6B2.1B2.5B2.9B3.1B
Intangible Assets431M660M595M533M466M801.1M
Good Will282M298M290M288M259.2M246.2M
Net Tangible Assets10.2B8.3B8.5B8.7B10.0B10.5B

Icahn Enterprises Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Icahn Enterprises' earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense605M688M666M568M554M526.3M
Total Revenue10.4B7.4B10.9B14.1B11.9B6.1B
Gross Profit2.2B1.1B1.5B2.4B1.9B1.1B
Operating Income45M(947M)(758M)246M1.1B1.2B
Ebit45M(947M)(758M)246M1.1B1.2B
Ebitda564M(437M)(241M)755M1.6B1.7B
Net Income(1.8B)(2.5B)(500M)(25M)(698M)(663.1M)
Income Tax Expense(4M)20M(116M)(78M)90M94.5M
Income Before Tax(1.7B)(2.6B)(578M)9M(922M)(875.9M)
Cost Of Revenue8.2B6.3B9.5B11.7B10.0B6.6B
Minority Interest(693M)(815M)18M158M328M284.0M
Non Recurring20M21M5M2M1.8M1.7M
Tax Provision20M(116M)(78M)34M90M94.5M
Interest Income265M169M137M328M636M667.8M
Net Interest Income(340M)(519M)(529M)(240M)82M86.1M

Icahn Enterprises Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Icahn Enterprises. It measures of how well Icahn is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Icahn Enterprises brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Icahn had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Icahn Enterprises has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change In Cash(393M)(1.7B)1.1B450M1.0B1.1B
Free Cash Flow(1.7B)(615M)16M717M3.4B3.6B
Depreciation519M510M517M509M518M337.2M
Other Non Cash Items(667M)2.7B3.3B3.5B2.7B2.8B
Capital Expenditures250M199M305M338M303M371.2M
Net Income(1.8B)(2.5B)(500M)(25M)(698M)(663.1M)
End Period Cash Flow4.9B3.3B4.4B4.9B4.9B5.1B
Dividends Paid112M526M134M226M(307M)(291.7M)
Change To Inventory(20M)147M(83M)(180M)27M28.4M
Investments408M(239M)445M153M(290M)(275.5M)
Change Receivables45M(33M)28M(110M)(126.5M)(120.2M)
Net Borrowings770M(182M)(371M)(601M)(540.9M)(513.9M)
Change To Netincome(616M)(338M)(2.2B)(1.4B)(1.3B)(1.3B)

Icahn Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Icahn Enterprises's current stock value. Our valuation model uses many indicators to compare Icahn Enterprises value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Icahn Enterprises competition to find correlations between indicators driving Icahn Enterprises's intrinsic value. More Info.
Icahn Enterprises LP is currently regarded as number one stock in debt to equity category among related companies. It is currently regarded as number one stock in working capital category among related companies reporting about  15,827,450,980  of Working Capital per Debt To Equity. As of 03/19/2024, Net Working Capital is likely to grow to about 16.3 B, while Change In Working Capital is likely to drop (161.7 M).. Comparative valuation analysis is a catch-all model that can be used if you cannot value Icahn Enterprises by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Icahn Enterprises' Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Icahn Enterprises' earnings, one of the primary drivers of an investment's value.

Icahn Enterprises Systematic Risk

Icahn Enterprises' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Icahn Enterprises volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Icahn Enterprises correlated with the market. If Beta is less than 0 Icahn Enterprises generally moves in the opposite direction as compared to the market. If Icahn Enterprises Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Icahn Enterprises is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Icahn Enterprises is generally in the same direction as the market. If Beta > 1 Icahn Enterprises moves generally in the same direction as, but more than the movement of the benchmark.

About Icahn Enterprises Financials

What exactly are Icahn Enterprises Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Icahn Enterprises' income statement, its balance sheet, and the statement of cash flows. Potential Icahn Enterprises investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Icahn Enterprises investors may use each financial statement separately, they are all related. The changes in Icahn Enterprises's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Icahn Enterprises's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze Icahn Enterprises Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Icahn Enterprises is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Icahn has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if Icahn Enterprises' financials are consistent with your investment objective using the following steps:
  • Review Icahn Enterprises' balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand Icahn Enterprises' liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare Icahn Enterprises' financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Icahn Enterprises' stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

Icahn Enterprises Thematic Clasifications

Icahn Enterprises LP is part of several thematic ideas from Adviser Favorites to Automobiles and Trucks. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
Today, most investors in Icahn Enterprises Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Icahn Enterprises' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Icahn Enterprises growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.004038)

At this time, Icahn Enterprises' Price Earnings To Growth Ratio is relatively stable compared to the past year.

Icahn Enterprises March 19, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Icahn Enterprises help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Icahn Enterprises LP. We use our internally-developed statistical techniques to arrive at the intrinsic value of Icahn Enterprises LP based on widely used predictive technical indicators. In general, we focus on analyzing Icahn Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Icahn Enterprises's daily price indicators and compare them against related drivers.
When determining whether Icahn Enterprises is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Icahn Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Icahn Enterprises Lp Stock. Highlighted below are key reports to facilitate an investment decision about Icahn Enterprises Lp Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Icahn Enterprises LP. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Note that the Icahn Enterprises information on this page should be used as a complementary analysis to other Icahn Enterprises' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.

Complementary Tools for Icahn Stock analysis

When running Icahn Enterprises' price analysis, check to measure Icahn Enterprises' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Icahn Enterprises is operating at the current time. Most of Icahn Enterprises' value examination focuses on studying past and present price action to predict the probability of Icahn Enterprises' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Icahn Enterprises' price. Additionally, you may evaluate how the addition of Icahn Enterprises to your portfolios can decrease your overall portfolio volatility.
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Portfolio Dashboard
Portfolio dashboard that provides centralized access to all your investments
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Commodity Channel
Use Commodity Channel Index to analyze current equity momentum
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Is Icahn Enterprises' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Icahn Enterprises. If investors know Icahn will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Icahn Enterprises listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.631
Dividend Share
6
Earnings Share
(1.75)
Revenue Per Share
28.359
Quarterly Revenue Growth
(0.14)
The market value of Icahn Enterprises is measured differently than its book value, which is the value of Icahn that is recorded on the company's balance sheet. Investors also form their own opinion of Icahn Enterprises' value that differs from its market value or its book value, called intrinsic value, which is Icahn Enterprises' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Icahn Enterprises' market value can be influenced by many factors that don't directly affect Icahn Enterprises' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Icahn Enterprises' value and its price as these two are different measures arrived at by different means. Investors typically determine if Icahn Enterprises is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Icahn Enterprises' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.