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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash to Debt 1.52
IEP's Cash to Debt is ranked higher than
57% of the 632 Companies
in the Global Conglomerates industry.

( Industry Median: 1.24 vs. IEP: 1.52 )
IEP' s 10-Year Cash to Debt Range
Min: 0.08   Max: 3.12
Current: 1.52

0.08
3.12
Equity to Asset 0.17
IEP's Equity to Asset is ranked lower than
62% of the 426 Companies
in the Global Conglomerates industry.

( Industry Median: 0.48 vs. IEP: 0.17 )
IEP' s 10-Year Equity to Asset Range
Min: 0.03   Max: 0.85
Current: 0.17

0.03
0.85
Interest Coverage 5.15
IEP's Interest Coverage is ranked lower than
68% of the 399 Companies
in the Global Conglomerates industry.

( Industry Median: 10000.00 vs. IEP: 5.15 )
IEP' s 10-Year Interest Coverage Range
Min: 0.75   Max: 6.17
Current: 5.15

0.75
6.17
F-Score: 2
Z-Score: 1.56
M-Score: -2.14
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 7.22
IEP's Operating margin (%) is ranked higher than
74% of the 446 Companies
in the Global Conglomerates industry.

( Industry Median: 3.96 vs. IEP: 7.22 )
IEP' s 10-Year Operating margin (%) Range
Min: -62.18   Max: 79.61
Current: 7.22

-62.18
79.61
Net-margin (%) 1.58
IEP's Net-margin (%) is ranked higher than
59% of the 446 Companies
in the Global Conglomerates industry.

( Industry Median: 2.97 vs. IEP: 1.58 )
IEP' s 10-Year Net-margin (%) Range
Min: -2.14   Max: 106.3
Current: 1.58

-2.14
106.3
ROE (%) 7.77
IEP's ROE (%) is ranked higher than
78% of the 530 Companies
in the Global Conglomerates industry.

( Industry Median: 3.59 vs. IEP: 7.77 )
IEP' s 10-Year ROE (%) Range
Min: -1.93   Max: 41.94
Current: 7.77

-1.93
41.94
ROA (%) 0.94
IEP's ROA (%) is ranked higher than
69% of the 632 Companies
in the Global Conglomerates industry.

( Industry Median: 0.46 vs. IEP: 0.94 )
IEP' s 10-Year ROA (%) Range
Min: -0.87   Max: 19.46
Current: 0.94

-0.87
19.46
ROC (Joel Greenblatt) (%) 18.29
IEP's ROC (Joel Greenblatt) (%) is ranked higher than
83% of the 524 Companies
in the Global Conglomerates industry.

( Industry Median: 5.33 vs. IEP: 18.29 )
IEP' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -107.66   Max: 481.18
Current: 18.29

-107.66
481.18
Revenue Growth (%) 21.20
IEP's Revenue Growth (%) is ranked higher than
89% of the 354 Companies
in the Global Conglomerates industry.

( Industry Median: 3.30 vs. IEP: 21.20 )
IEP' s 10-Year Revenue Growth (%) Range
Min: -23.3   Max: 98.7
Current: 21.2

-23.3
98.7
EBITDA Growth (%) 21.00
IEP's EBITDA Growth (%) is ranked higher than
87% of the 363 Companies
in the Global Conglomerates industry.

( Industry Median: -1.50 vs. IEP: 21.00 )
IEP' s 10-Year EBITDA Growth (%) Range
Min: -21.1   Max: 113.7
Current: 21

-21.1
113.7
EPS Growth (%) 104.60
IEP's EPS Growth (%) is ranked higher than
97% of the 316 Companies
in the Global Conglomerates industry.

( Industry Median: -1.10 vs. IEP: 104.60 )
IEP' s 10-Year EPS Growth (%) Range
Min: -22.7   Max: 561.1
Current: 104.6

-22.7
561.1
» IEP's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q4 2013

IEP Guru Trades in Q4 2013

Murray Stahl 4,146,540 sh (+2.19%)
Carl Icahn 101,872,909 sh (+1.43%)
» More
Q1 2014

IEP Guru Trades in Q1 2014

Jim Simons 28,624 sh (New)
Carl Icahn 102,857,651 sh (+0.97%)
Murray Stahl 4,154,809 sh (+0.2%)
» More
Q2 2014

IEP Guru Trades in Q2 2014

David Dreman 516 sh (New)
Jim Simons 125,025 sh (+336.78%)
Carl Icahn 105,842,442 sh (+2.9%)
Murray Stahl 4,256,551 sh (+2.45%)
» More
Q3 2014

IEP Guru Trades in Q3 2014

David Dreman 533 sh (+3.29%)
Murray Stahl 4,323,687 sh (+1.58%)
Carl Icahn 107,212,654 sh (+1.29%)
Jim Simons 64,624 sh (-48.31%)
» More
» Details

Insider Trades

Latest Guru Trades with IEP

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Carl Icahn 2014-09-30 Add 1.29%0.43%$99.94 - $113.44 $ 106.110%107212654
Carl Icahn 2014-06-30 Add 2.9%0.77%$90.76 - $104.06 $ 106.116%105842442
David Dreman 2014-06-30 New Buy$90.76 - $104.06 $ 106.116%516
Carl Icahn 2014-03-31 Add 0.97%0.31%$99.94 - $117.8 $ 106.11-4%102857651
Carl Icahn 2013-12-31 Add 1.43%0.52%$81 - $148.53 $ 106.11-3%101872909
Carl Icahn 2013-09-30 Add 1.23%0.41%$71.05 - $81.93 $ 106.1141%100436406
Michael Price 2013-06-30 Sold Out 1.3%$55.14 - $89.45 $ 106.1144%0
Carl Icahn 2013-06-30 Add 1.48%0.49%$55.14 - $89.45 $ 106.1144%99213824
Michael Price 2013-03-31 New Buy1.3%$44.7 - $87.15 $ 106.1173%175000
Carl Icahn 2012-09-30 Add 4.12%1.4%$37.6826 - $41.7271 $ 106.11165%97183300
Carl Icahn 2012-06-30 Add 0.54%0.19%$39.3223 - $49.1901 $ 106.11144%93309237
Carl Icahn 2012-03-31 Add 16.4%5.78%$36.23 - $43.01 $ 106.11183%92812051
Carl Icahn 2011-09-30 New Buy25.72%$35.54 - $45.81 $ 106.11159%79238262
Premium More recent guru trades are included for Premium Members only!!
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Top Ranked Articles about Icahn Enterprises LP

Guru of the Year – Carl Icahn’s Top Five Holdings
GuruFocus’ Guru of the Year for 2013 reported his first quarter portfolio holdings this week which highlighted 19 stocks valued at over $38.53 billion. This is a notable jump up from the company’s first quarter stocks which were valued at $32.3 billion. Over the past quarter the guru bought into one new company, Gannett Co (GCI) and sold out of Forest Laboratories (FRX).

Read more...
Carl Icahn Buys Gannett Co, eBay, Sells Forest Laboratories, Netflix, Family Dollar, Holds Herbalife
Carl Icahn (Trades, Portfolio) Buys Gannett Co, eBay, Sells Forest Laboratories, Netflix, Family Dollar Read more...
Carl Icahn Buys a Drug-Turned-Real Estate Company
In between rattling a succession of major corporations such as eBay (EBAY) and Family Dollar (FDO), and channeling his activist prowess into the embattled Fannie Mae and Freddie Mac, Carl Icahn (Trades, Portfolio) has taken a stake in Cadus Corp (OTCBB:KDUS) according to GuruFocus Real Time Picks. Icahn bought 12,563,840 shares of the pharmaceutical-turned-real estate company on June 6, giving him a total of 17,824,678 shares, which represents 67.81% of the outstanding shares. Read more...
What Guru Investors Did with Bill Ackman's Herbalife in Q1
When an investor as prominent as Bill Ackman (Trades, Portfolio) makes a short case of a public company, many other investors will either agree with him, or view it as an opportunity to take a long position on the ensuing dip. But in the case of weight-loss and nutrition company Herbalife (HLF), its stock has had a tortuous ride since Ackman announced his short in 2012, as no ultimate determination about his thesis has been made. That didn’t stop fund managers from taking sides again in the first quarter. Read more...
Analysis of Guru Companies: Ian Cumming, Leucadia National
So far I covered the companies run by Warren Buffett (Berkshire Hathaway)(BRK.A) and Carl Icahn (Icahn Enterprises)(IEP). The next stock I am discussing is Leucadia National (LUK), led by the investing of Ian Cumming. Read more...
Analysis of Guru Companies: Carl Icahn, Icahn Enterprises LP
Of the investing gurus we follow at GuruFocus.com, six have publicly traded companies that are directly affected by their investments. So far I discussed Warren Buffett (Trades, Portfolio) and his company, Berkshire Hathaway. The next stock I am discussing is Carl Icahn (Trades, Portfolio)’s, Icahn Enterprises LP (IEP). Read more...
GuruFocus Adds Two New Dividend Growers
During the past week, GuruFocus recognized two additional companies as dividend growers. In order to be qualified for this list, the company had to: Read more...
GuruFocus Guru of the Year Carl Icahn's Top Fourth Quarter Holdings
GuruFocus’ Guru of the Year for 2013 reported his fourth quarter portfolio holdings today which highlighted 18 stocks valued at over $30.4 billion. This is a significant jump up from the company’s third quarter stocks which were valued at $24.6 billion. Over the past quarter the guru bought into one new company, Hologic (HOLX), and sold out of Take-Two Interactive Software (TTWO). Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 8.30
IEP's P/E(ttm) is ranked higher than
94% of the 780 Companies
in the Global Conglomerates industry.

( Industry Median: 9999.00 vs. IEP: 8.30 )
IEP' s 10-Year P/E(ttm) Range
Min: 3.7   Max: 81.71
Current: 8.3

3.7
81.71
P/B 2.10
IEP's P/B is ranked higher than
71% of the 780 Companies
in the Global Conglomerates industry.

( Industry Median: 3.22 vs. IEP: 2.10 )
IEP' s 10-Year P/B Range
Min: 0.53   Max: 11.72
Current: 2.1

0.53
11.72
P/S 0.60
IEP's P/S is ranked higher than
87% of the 780 Companies
in the Global Conglomerates industry.

( Industry Median: 51.11 vs. IEP: 0.60 )
IEP' s 10-Year P/S Range
Min: 0.26   Max: 7.22
Current: 0.6

0.26
7.22
EV-to-EBIT 9.77
IEP's EV-to-EBIT is ranked higher than
91% of the 780 Companies
in the Global Conglomerates industry.

( Industry Median: 9999.00 vs. IEP: 9.77 )
IEP' s 10-Year EV-to-EBIT Range
Min: -198   Max: 286.4
Current: 9.77

-198
286.4
PEG 1.20
IEP's PEG is ranked higher than
94% of the 780 Companies
in the Global Conglomerates industry.

( Industry Median: 9999.00 vs. IEP: 1.20 )
IEP' s 10-Year PEG Range
Min: 0.47   Max: 8.46
Current: 1.2

0.47
8.46
Shiller P/E 18.70
IEP's Shiller P/E is ranked higher than
91% of the 780 Companies
in the Global Conglomerates industry.

( Industry Median: 9999.00 vs. IEP: 18.70 )
IEP' s 10-Year Shiller P/E Range
Min: 6.69   Max: 57.96
Current: 18.7

6.69
57.96
Current Ratio 4.71
IEP's Current Ratio is ranked higher than
85% of the 581 Companies
in the Global Conglomerates industry.

( Industry Median: 1.53 vs. IEP: 4.71 )
IEP' s 10-Year Current Ratio Range
Min: 1.3   Max: 19.75
Current: 4.71

1.3
19.75
Quick Ratio 4.28
IEP's Quick Ratio is ranked higher than
85% of the 581 Companies
in the Global Conglomerates industry.

( Industry Median: 1.24 vs. IEP: 4.28 )
IEP' s 10-Year Quick Ratio Range
Min: 1.16   Max: 18.41
Current: 4.28

1.16
18.41

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 5.70
IEP's Dividend Yield is ranked higher than
92% of the 313 Companies
in the Global Conglomerates industry.

( Industry Median: 1.83 vs. IEP: 5.70 )
IEP' s 10-Year Dividend Yield Range
Min: 0.26   Max: 5.92
Current: 5.7

0.26
5.92
Dividend Payout 2.10
IEP's Dividend Payout is ranked higher than
77% of the 780 Companies
in the Global Conglomerates industry.

( Industry Median: 9999.00 vs. IEP: 2.10 )
IEP' s 10-Year Dividend Payout Range
Min: 0.04   Max: 24.4
Current: 2.1

0.04
24.4
Dividend growth (3y) 66.40
IEP's Dividend growth (3y) is ranked higher than
99% of the 214 Companies
in the Global Conglomerates industry.

( Industry Median: 2.90 vs. IEP: 66.40 )
IEP' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 71.1
Current: 66.4

0
71.1
Yield on cost (5-Year) 16.71
IEP's Yield on cost (5-Year) is ranked higher than
96% of the 319 Companies
in the Global Conglomerates industry.

( Industry Median: 1.87 vs. IEP: 16.71 )
IEP' s 10-Year Yield on cost (5-Year) Range
Min: 0.76   Max: 17.36
Current: 16.71

0.76
17.36
Share Buyback Rate -8.40
IEP's Share Buyback Rate is ranked higher than
51% of the 314 Companies
in the Global Conglomerates industry.

( Industry Median: -0.80 vs. IEP: -8.40 )
IEP' s 10-Year Share Buyback Rate Range
Min: 11.3   Max: -36.8
Current: -8.4

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 4.40
IEP's Price/Tangible Book is ranked higher than
69% of the 780 Companies
in the Global Conglomerates industry.

( Industry Median: 15.60 vs. IEP: 4.40 )
IEP' s 10-Year Price/Tangible Book Range
Min: 0.29   Max: 6.41
Current: 4.4

0.29
6.41
Price/DCF (Projected) 2.00
IEP's Price/DCF (Projected) is ranked higher than
87% of the 780 Companies
in the Global Conglomerates industry.

( Industry Median: 9999.00 vs. IEP: 2.00 )
IEP' s 10-Year Price/DCF (Projected) Range
Min: 0.43   Max: 31.11
Current: 2

0.43
31.11
Price/Median PS Value 1.00
IEP's Price/Median PS Value is ranked higher than
89% of the 780 Companies
in the Global Conglomerates industry.

( Industry Median: 9999.00 vs. IEP: 1.00 )
IEP' s 10-Year Price/Median PS Value Range
Min: 0.45   Max: 14.51
Current: 1

0.45
14.51
Price/Peter Lynch Fair Value 0.80
IEP's Price/Peter Lynch Fair Value is ranked higher than
97% of the 779 Companies
in the Global Conglomerates industry.

( Industry Median: 9999.00 vs. IEP: 0.80 )
IEP' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.17   Max: 20.48
Current: 0.8

0.17
20.48
Price/Graham Number 1.40
IEP's Price/Graham Number is ranked higher than
82% of the 780 Companies
in the Global Conglomerates industry.

( Industry Median: 9999.00 vs. IEP: 1.40 )
IEP' s 10-Year Price/Graham Number Range
Min: 0.25   Max: 4.89
Current: 1.4

0.25
4.89
Earnings Yield (Greenblatt) 10.20
IEP's Earnings Yield (Greenblatt) is ranked higher than
90% of the 553 Companies
in the Global Conglomerates industry.

( Industry Median: 2.20 vs. IEP: 10.20 )
IEP' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.3   Max: 55.8
Current: 10.2

0.3
55.8
Forward Rate of Return (Yacktman) 10.78
IEP's Forward Rate of Return (Yacktman) is ranked higher than
79% of the 355 Companies
in the Global Conglomerates industry.

( Industry Median: -0.28 vs. IEP: 10.78 )
IEP' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -49.8   Max: 36.2
Current: 10.78

-49.8
36.2

Business Description

Industry: Conglomerates » Conglomerates
Compare:SI, JSHLY, MSBHY, SVNDY, MITSY » details
Traded in other countries:2IN.Germany
Icahn Enterprises LP is a master limited partnership formed in Delaware on February 17, 1987. The Company owns a 99% limited partner interest in Icahn Enterprises Holdings L.P. Icahn Enterprises Holdings and its subsidiaries own substantially all of the Company's assets and liabilities and conduct substantially all of the Company's operations. The Company is a diversified holding company owning subsidiaries engaged in the following continuing operating businesses: Investment, Automotive, Energy, Metals, Railcar, Gaming, Food Packaging, Real Estate and Home Fashion. Investment segment is comprised of various private investment funds, including Icahn Partners L.P., Icahn Partners Master Fund LP, Icahn Partners Master Fund II LP and Icahn Partners Master Fund III LP, through which the Company invests its proprietary capital. It conducts automotive segment through majority ownership in Federal-Mogul Corporation. Federal-Mogul is a supplier of technology and innovation in vehicle and industrial products for fuel economy, emissions reduction and safety systems. It serves original equipment manufacturers and servicers of automotive, light, medium and heavy-duty commercial vehicles, off-road, agricultural, marine, rail, aerospace, power generation and industrial equipment, as well as the worldwide aftermarket. The Company conducts its energy segment through majority ownership in CVR; a diversified holding company primarily engaged in the petroleum refining and nitrogen fertilizer manufacturing industries through its holdings in CVR Refining, LP and CVR Partners, LP, respectively. CVR Refining is an independent petroleum refiner and marketer of high value transportation fuels. CVR Partners produces nitrogen fertilizers in the form of urea ammonium nitrate and ammonia. The Company conducts its metals segment through its indirect wholly owned subsidiary, PSC Metals, Inc., which is principally engaged in the business of collecting, processing and selling ferrous and non-ferrous metals, as well as the processing and distribution of steel pipe and plate products. PSC Metals collects industrial and obsolete scrap metal, processes it into reusable forms, and supplies the recycled metals to its customers, including electric-arc furnace mills, integrated steel mills, foundries, and secondary smelters and metals brokers. It conducts its railcar segment through majority ownership interests in American Railcar Industries, Inc. and the newly capitalized American Railcar Industries, Inc. American Railcar Industries, Inc. is a North American designer and manufacturer of hopper and tank railcars and provides its railcar customers with integrated solutions through a comprehensive set of high-quality products and related services through its manufacturing, leasing and railcar services operations. New American Railcar Industries, Inc. is engaged in the business of leasing railcars to customers with specific requirements whose products require specialized ra
» More Articles for IEP

Headlines

Articles On GuruFocus.com
Not all MLPs beholden to oil prices Nov 07 2014 
The Bottom Line by Carl Icahn Sep 25 2014 
At 78 Years Old, Carl Icahn Shows No Sign Of Slowing Down Sep 16 2014 
Guru of the Year – Carl Icahn’s Top Five Holdings Aug 17 2014 
Carl Icahn Buys Gannett Co, eBay, Sells Forest Laboratories, Netflix, Family Dollar, Holds Herbalife Aug 15 2014 
Carl Icahn's Recipe For Activist Investing Success - IEP Presentation Aug 07 2014 
Carl Icahn Buys a Pharmaceutical-Turned-Real Estate Company Jun 10 2014 
What Guru Investors Did with Bill Ackman's Herbalife in Q1 May 30 2014 
GuruFocus Guru of the 2013 Carl Icahn's Top First Quarter Holdings May 15 2014 
Carl Icahn's Master Limited Partnership only sells for 11x its earnings Apr 24 2014 

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