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CVR Energy Earnings Yield (Joel Greenblatt) %

: 17.33% (As of Jun. 2022)
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CVR Energy's Enterprise Value for the quarter that ended in Jun. 2022 was $4,374 Mil. CVR Energy's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $758 Mil. CVR Energy's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2022 was 17.33%.

The historical rank and industry rank for CVR Energy's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

CVI' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -11.15   Med: 11.24   Max: 45.87
Current: 18.52

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of CVR Energy was 45.87%. The lowest was -11.15%. And the median was 11.24%.

CVI's Earnings Yield (Joel Greenblatt) % is ranked better than
81.41% of 1108 companies
in the Oil & Gas industry
Industry Median: 4.91 vs CVI: 18.52

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. CVR Energy's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2022 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.


CVR Energy Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for CVR Energy's Earnings Yield (Joel Greenblatt) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CVR Energy Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.37 12.85 13.28 -11.06 5.96

CVR Energy Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Earnings Yield (Joel Greenblatt) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -6.70 2.37 5.96 12.33 17.33

Competitive Comparison

For the Oil & Gas Refining & Marketing subindustry, CVR Energy's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

CVR Energy Earnings Yield (Joel Greenblatt) % Distribution

For the Oil & Gas industry and Energy sector, CVR Energy's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where CVR Energy's Earnings Yield (Joel Greenblatt) % falls into.



CVR Energy Earnings Yield (Joel Greenblatt) % Calculation

In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.

CVR Energys Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2021 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=183/3069.92611
=5.96 %

CVR Energy's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $758 Mil.



CVR Energy  (NYSE:CVI) Earnings Yield (Joel Greenblatt) % Explanation

Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.

Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.


Be Aware

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


CVR Energy Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of CVR Energy's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


CVR Energy Business Description

CVR Energy logo
Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CVR Energy Inc (NYSE:CVI) » Definitions » Earnings Yield (Joel Greenblatt) %
Traded in Other Exchanges
Address
2277 Plaza Drive, Suite 500, Sugar Land, TX, USA, 77479
CVR Energy Inc is a holding company that engages in petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP and CVR Partners, LP. CVR Refining LP includes several complex full coking crude oil refineries, along with a crude oil gathering system, pipelines and storage tanks, and marketing and supply. The company's refineries can process blends of a variety of crude oil ranging from heavy sour to light sweet crude oil. Crude oil for CVR's refineries is supplied through its wholly-owned gathering system and pipeline. From its refineries, CVR supplies product through tanker trucks directly to customers located in close geographic proximity and customers at throughput terminals. The company's customers include retailers, railroads, and farm cooperatives.
Executives
Wright Michael H. Jr. officer: EVP & Chief Operating Officer CVR ENERGY, INC. 2277 PLAZA DRIVE, SUITE 500 SUGAR LAND TX 77479
Neumann Dane J. officer: Interim CFO, VP-Fin.&Treasurer 2277 PLAZA DRIVE SUITE 500 SUGAR LAND TX 77479
Conaway Jeffrey D. officer: VP, CAO & Corp. Controller 2277 PLAZA DRIVE SUITE 500 SUGAR LAND TX 77479
Willetts David director 16690 COLLINS AVENUE - PH-1 SUNNY ISLES BEACH FL 33160
Dargan Kapiljeet director 16690 COLLINS AVE. SUITE PH-1 SUNNY ISLES BEACH FL 33160
Johnson Charles Douglas officer: EVP & Chief Commercial Officer 2277 PLAZA DR. SUITE 500 SUGAR LAND TX 77479
Firestone Jaffrey Adam director C/O CVR ENERGY, INC. 2277 PLAZA DRIVE, SUITE 500 SUGAR LAND TX 77479
Landreth David Lynn officer: EVP Chief Commercial Officer 2277 PLAZA DRIVE SUITE 500 SUGAR LAND TX 77479
Agnello Patricia A. director C/O ICAHN ENTERPRISES L.P. 16690 COLLINS AVE., PH SUNNY ISLES FL 33160
Gary Hunter Clark director C/O ICAHN ENTERPRISES L.P. 16690 COLLINS AVE., PH SUNNY ISLES FL 33160
Buhrig Melissa M officer: EVP, General Counsel & Sec. C/O CVR ENERGY, INC. 2277 PLAZA DRIVE, SUITE 500 SUGAR LAND TX 77479
Jackson Tracy Dawn officer: EVP and CFO 19100 RIDGEWOOD PARKWAY SAN ANTONIO TX 78259
Bley Matthew W. officer: CAO and Corp. Controller 2277 PLAZA DRIVE, SUITE 500 SUGAR LAND TX 77479
Pytosh Mark A officer: EVP - Corporate Services C/O CVR PARTNERS, LP 2277 PLAZA DRIVE, SUITE 500 SUGAR LAND TX 77479
Develasco Janice T officer: VP-Env., Health, Safety & Sec. 2277 PLAZA DRIVE, SUITE 500 SUGAR LAND TX 77479

CVR Energy Headlines

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