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CVR Energy Piotroski F-Score

: 9 (As of Today)
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Good Sign:

Piotroski F-Score is 9, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

CVR Energy has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for CVR Energy's Piotroski F-Score or its related term are showing as below:

CVI' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 9

During the past 13 years, the highest Piotroski F-Score of CVR Energy was 9. The lowest was 3. And the median was 6.


CVR Energy Piotroski F-Score Historical Data

The historical data trend for CVR Energy's Piotroski F-Score 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
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 7.00 6.00 3.00 8.00

CVR Energy Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Piotroski F-Score 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 4.00 7.00 8.00 8.00 9.00

Competitive Comparison

For the Oil & Gas Refining & Marketing subindustry, CVR Energy's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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 Piotroski F-Score Distribution

For the Oil & Gas industry and Energy sector, CVR Energy's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where CVR Energy's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* 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.

This Year (Jun22) TTM:Last Year (Jun21) TTM:
Net Income was 84 + -14 + 94 + 165 = $329 Mil.
Cash Flow from Operations was 139 + 14 + 322 + 390 = $865 Mil.
Revenue was 1883 + 2113 + 2373 + 3144 = $9,513 Mil.
Gross Profit was 208 + 78 + 261 + 441 = $988 Mil.
Average Total Assets from the begining of this year (Jun21)
to the end of this year (Jun22) was
(3798 + 3872 + 3906 + 4345 + 4671) / 5 = $4118.4 Mil.
Total Assets at the begining of this year (Jun21) was $3,798 Mil.
Long-Term Debt & Capital Lease Obligation was $1,588 Mil.
Total Current Assets was $2,119 Mil.
Total Current Liabilities was $1,695 Mil.
Net Income was -96 + -68 + -39 + -6 = $-209 Mil.

Revenue was 1005 + 1119 + 1463 + 1783 = $5,370 Mil.
Gross Profit was -24 + -99 + -105 + 38 = $-190 Mil.
Average Total Assets from the begining of last year (Jun20)
to the end of last year (Jun21) was
(3928 + 3876 + 3978 + 4188 + 3798) / 5 = $3953.6 Mil.
Total Assets at the begining of last year (Jun20) was $3,928 Mil.
Long-Term Debt & Capital Lease Obligation was $1,687 Mil.
Total Current Assets was $1,200 Mil.
Total Current Liabilities was $1,112 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

CVR Energy's current Net Income (TTM) was 329. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

CVR Energy's current Cash Flow from Operations (TTM) was 865. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Jun21)
=329/3798
=0.08662454

ROA (Last Year)=Net Income/Total Assets (Jun20)
=-209/3928
=-0.05320774

CVR Energy's return on assets of this year was 0.08662454. CVR Energy's return on assets of last year was -0.05320774. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

CVR Energy's current Net Income (TTM) was 329. CVR Energy's current Cash Flow from Operations (TTM) was 865. ==> 865 > 329 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Jun22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun21 to Jun22
=1588/4118.4
=0.38558664

Gearing (Last Year: Jun21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun20 to Jun21
=1687/3953.6
=0.42669972

CVR Energy's gearing of this year was 0.38558664. CVR Energy's gearing of last year was 0.42669972. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Jun22)=Total Current Assets/Total Current Liabilities
=2119/1695
=1.25014749

Current Ratio (Last Year: Jun21)=Total Current Assets/Total Current Liabilities
=1200/1112
=1.07913669

CVR Energy's current ratio of this year was 1.25014749. CVR Energy's current ratio of last year was 1.07913669. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

CVR Energy's number of shares in issue this year was 100.5. CVR Energy's number of shares in issue last year was 100.5. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=988/9513
=0.10385788

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-190/5370
=-0.03538175

CVR Energy's gross margin of this year was 0.10385788. CVR Energy's gross margin of last year was -0.03538175. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jun21)
=9513/3798
=2.50473934

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun20)
=5370/3928
=1.36710794

CVR Energy's asset turnover of this year was 2.50473934. CVR Energy's asset turnover of last year was 1.36710794. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+1+1+1+1
=9

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

CVR Energy has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

CVR Energy  (NYSE:CVI) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


CVR Energy Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of CVR Energy's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


CVR Energy Business Description

CVR Energy logo
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

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