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General information

Country: UNITED STATES

Sector: Agricultural Inputs

CVR Partners, LP, together with its subsidiaries, produces and distributes nitrogen fertilizer products in the United States. The company offers ammonia products for agricultural and industrial customers; and urea and ammonium nitrate products to agricultural customers, as well as retailers and distributors. CVR GP, LLC serves as the general partner of the company. CVR Partners, LP was founded in 2007 and is based in Sugar Land, Texas.
Website: cvrpartners.com



Growth: Bad revenue growth rate -33.0%, there is slowdown compared to average historical growth rates 35.8%. The revenue growth dynamics is unstable

Profitability: LTM EBITDA margin is positive, +47.4%. On average the margin is decreasing unsteadily. Gross margin is low, +17.3%. In the last quarter the company beat the estimated EPS. The company was ahead of estimated EPS in 50% of quarters (showing a gain of -$0.63 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 21.7%. Free cash flow yield -2.1% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 60.7% higher than minimum and 53.0% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 4.6x by EV / Sales multiple , the company can be >100% undervalued

Key Financials (Download financials)

Ticker: UAN
Share price, USD:  (+4.4%)81.87
year average price 77.77  


year start price 89.71 2023-04-30

max close price 103.96 2023-05-08

min close price 61.98 2024-03-06

current price 81.87 2024-04-28
Common stocks: 10 593 000

Dividend Yield:  21.7%
FCF Yield LTM: -2.1%
EV / LTM EBITDA: 4.2x
EV / EBITDA annualized: 5.7x
Last revenue growth (y/y):  -33.0%
Last growth of EBITDA (y/y):  -68.6%
Historical revenue growth:  35.8%
Historical growth of EBITDA:  80.0%
EV / Sales: 2.0x
Margin (EBITDA LTM / Revenue): 47.4%
Fundamental value created in LTM:
Market Cap ($m): 867
Net Debt ($m): 478
EV (Enterprise Value): 1 345
Price to Book: 2.9x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2024-04-24Seeking Alpha

CVR Partners: Q1 Distribution Outlook And Potential Buyout

2024-04-16GlobeNewsWire

CVR Partners to Release First Quarter 2024 Earnings Results

2024-04-10Seeking Alpha

CVR Partners: Is This Huge Yield A Buy?

2024-02-21Seeking Alpha

CVR Partners, LP (UAN) Q4 2023 Earnings Call Transcript

2024-01-22Seeking Alpha

CVR Partners, LP: Lower Ammonia Prices Creates Better Buying Opportunity

2023-11-22Seeking Alpha

CVR Partners Is An Agriculture Gem With >20% Income Potential

2023-10-31Seeking Alpha

CVR Partners, LP (UAN) Q3 2023 Earnings Call Transcript

2023-10-22Seeking Alpha

CVR Partners: An Excellent Dividend But It Is Worth Waiting

2023-09-30Seeking Alpha

CVR Partners: Upgrading To 'Buy' As Nitrogen Fertilizer Prices Bottom

2023-09-13Seeking Alpha

CVR Partners: 33% Dividend Yield, Breakout Appears Imminent
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol UAN UAN UAN UAN UAN UAN
reportedCurrency USD USD USD USD USD USD
cik 1M 1M 1M 1M 1M 1M
fillingDate 2024-02-21 2023-10-31 2023-08-01 2023-05-02 2023-02-22 2022-11-01
acceptedDate 2024-02-21 16:16:11 2023-10-31 16:17:30 2023-08-01 16:25:13 2023-05-02 16:53:34 2023-02-22 16:18:02 2022-11-01 16:16:45
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
revenue 142M 131M 183M 226M 212M 156M
costOfRevenue 117M 114M 109M 109M 102M 160M
grossProfit 24M 17M 74M 117M 110M -4M
grossProfitRatio 0.173 0.130 0.405 0.517 0.520 -0.024
researchAndDevelopmentExpenses 0 0 0 0 0 0
generalAndAdministrativeExpenses 0 0 0 0 0 0
sellingAndMarketingExpenses 0 0 0 0 0 0
sellingGeneralAndAdministrativeExpenses 7M 8M 7M 7M 8M 8M
otherExpenses 55 000 125 000 52 000 -265 000 952 000 0
operatingExpenses 7M 8M 7M 7M 8M 8M
costAndExpenses 124M 121M 116M 117M 110M 168M
interestIncome 0 8M 0 0 0 0
interestExpense 7M 8M 7M 7M 8M 8M
depreciationAndAmortization 21M 24M 20M -73 000 949 000 22M
ebitda 38M 9M 67M 109M 103M 10M
ebitdaratio 0.269 0.071 0.365 0.483 0.485 0.065
operatingIncome 17M 8M 67M 109M 102M -12M
operatingIncomeRatio 0.123 0.062 0.365 0.483 0.481 -0.076
totalOtherIncomeExpensesNet -7M -942 000 -12 000 -7M -7M -8M
incomeBeforeTax 10M 762 000 60M 102M 95M -20M
incomeBeforeTaxRatio 0.072 0.006 0.327 0.450 0.448 -0.126
incomeTaxExpense 212 000 31 000 2000.000 44 000 -245 000 29 000
netIncome 10M 731 000 60M 102M 95M -20M
netIncomeRatio 0.070 0.006 0.327 0.450 0.449 -0.127
eps 0.940 0.069 5.660 9.640 9.020 -1.870
epsdiluted 0.940 0.069 5.660 9.640 9.020 -1.870
weightedAverageShsOut 11M 11M 11M 11M 11M 11M
weightedAverageShsOutDil 11M 11M 11M 11M 11M 11M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol UAN UAN UAN UAN UAN UAN
reportedCurrency USD USD USD USD USD USD
cik 1M 1M 1M 1M 1M 1M
fillingDate 2024-02-21 2023-10-31 2023-08-01 2023-05-02 2023-02-22 2022-11-01
acceptedDate 2024-02-21 16:16:11 2023-10-31 16:17:30 2023-08-01 16:25:13 2023-05-02 16:53:34 2023-02-22 16:18:02 2022-11-01 16:16:45
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
cashAndCashEquivalents 45M 89M 69M 121M 86M 119M
shortTermInvestments 0 0 0 0 0 0
cashAndShortTermInvestments 45M 89M 69M 121M 86M 119M
netReceivables 42M 36M 34M 53M 90M 54M
inventory 69M 74M 79M 87M 78M 65M
otherCurrentAssets -45M 4M 7M 10M 11M 3M
totalCurrentAssets 166M 203M 188M 271M 266M 241M
propertyPlantEquipmentNet 761M 770M 784M 797M 811M 826M
goodwill 0 0 0 0 0 0
intangibleAssets 0 0 0 0 0 0
goodwillAndIntangibleAssets 0 0 0 0 0 0
longTermInvestments 21M 25M 0 0 0 0
taxAssets 0 0 0 0 0 0
otherNonCurrentAssets 27M 21M 47M 49M 24M 15M
totalNonCurrentAssets 809M 816M 831M 846M 835M 841M
otherAssets 0 0 0 0 0 0
totalAssets 975M 1 019M 1 019M 1 116M 1 100M 1 083M
accountPayables 39M 32M 28M 27M 46M 72M
shortTermDebt 3M 2M 3M 3M 3M 2M
taxPayables 2M 2M 1M 2M 2M 2M
deferredRevenue 16M 39M 7M 45M 48M 65M
otherCurrentLiabilities 18M 40M 31M 39M 30M 45M
totalCurrentLiabilities 75M 113M 68M 113M 126M 184M
longTermDebt 547M 547M 547M 547M 547M 547M
deferredRevenueNonCurrent 33M 35M 36M 38M 0 0
deferredTaxLiabilitiesNonCurrent 0 0 0 0 0 0
otherNonCurrentLiabilities 16M 14M 15M 15M 16M 425M
totalNonCurrentLiabilities 597M 597M 598M 600M 563M 564M
otherLiabilities 0 0 0 0 0 0
capitalLeaseObligations 3M 2M 3M 3M 3M 2M
totalLiabilities 672M 710M 667M 714M 689M 747M
preferredStock 0 0 0 0 0 0
commonStock 303M 309M 0 0 0 0
retainedEarnings 0 0 0 0 287M 0
accumulatedOtherComprehensiveIncomeLoss 0 0 0 0 0 0
othertotalStockholdersEquity 1000.000 1000.000 352M 403M -287M 0
totalStockholdersEquity 303M 309M 352M 403M 287M 0
totalEquity 303M 309M 352M 403M 287M 0
totalLiabilitiesAndStockholdersEquity 975M 1 019M 1 019M 1 116M 689M 747M
minorityInterest 1000.000 1000.000 0 0 0 0
totalLiabilitiesAndTotalEquity 975M 1 019M 1 019M 1 116M 689M 747M
totalInvestments 21M 25M 0 0 0 0
totalDebt 547M 547M 547M 547M 550M 549M
netDebt 502M 458M 478M 426M 463M 430M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Cash Flow Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol UAN UAN UAN UAN UAN UAN
reportedCurrency USD USD USD USD USD USD
cik 1M 1M 1M 1M 1M 1M
fillingDate 2024-02-21 2023-10-31 2023-08-01 2023-05-02 2023-02-22 2022-11-01
acceptedDate 2024-02-21 16:16:11 2023-10-31 16:17:30 2023-08-01 16:25:13 2023-05-02 16:53:34 2023-02-22 16:18:02 2022-11-01 16:16:45
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
netIncome 10M 731 000 60M 102M 95M -20M
depreciationAndAmortization 21M 24M 20M 15M 19M 22M
deferredIncomeTax 212 000 0 0 0 0 0
stockBasedCompensation 269 000 4M 2M 2M 7M 7M
changeInWorkingCapital -49M 40M -21M 11M -124M 79M
accountsReceivables 28M 0 0 0 -21M 0
inventory 7M 0 0 0 -25M 0
accountsPayables -34M 0 0 0 -7M 0
otherWorkingCapital -49M 40M -21M 11M -71M 79M
otherNonCashItems 790 000 1M 250 000 502 000 -148 000 167 000
netCashProvidedByOperatingActivities -17M 70M 61M 130M -3M 89M
investmentsInPropertyPlantAndEquipment -10M -6M -4M -3M -11M -20M
acquisitionsNet 802 000 787 000 885 000 19M 0 0
purchasesOfInvestments 18M 5M 0 0 0 0
salesMaturitiesOfInvestments 802 000 787 000 0 0 0 0
otherInvestingActivites -19M -787 000 0 0 5000.000 -20M
netCashUsedForInvestingActivites -10M -5M -3M 16M -11M -20M
debtRepayment 0 0 0 0 -65M 0
commonStockIssued 0 0 0 0 0 0
commonStockRepurchased 0 0 0 0 12M 0
dividendsPaid -16M -44M -110M -111M -19M -106M
otherFinancingActivites -500 000 -502 000 1000.000 0 53M 0
netCashUsedProvidedByFinancingActivities -17M -44M -110M -111M -19M -106M
effectOfForexChangesOnCash 0 -69M -121M 0 0 0
netChangeInCash -44M -48M -174M 35M -33M -37M
cashAtEndOfPeriod 45M 20M -53M 121M 86M 119M
cashAtBeginningOfPeriod 89M 69M 121M 86M 119M 156M
operatingCashFlow -17M 70M 61M 130M -3M 89M
capitalExpenditure -10M -6M -4M -3M -11M -20M
freeCashFlow -28M 64M 57M 127M -14M 69M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Earning call transcript

2023 q4
2024-02-21 ET (fiscal 2023 q4)
2023 q3
2023-10-31 ET (fiscal 2023 q3)
2023 q2
2023-08-01 ET (fiscal 2023 q2)
2023 q1
2023-05-02 ET (fiscal 2023 q1)
2022 q4
2023-02-22 ET (fiscal 2022 q4)
2022 q3
2022-11-01 ET (fiscal 2022 q3)
2022 q2
2022-08-02 ET (fiscal 2022 q2)
2022 q1
2022-05-03 ET (fiscal 2022 q1)

SEC forms

Show financial reports only

SEC form 10
2024-02-21 16:16 ET
CVR Partners published news for 2023 q4
SEC form 10
2024-02-21 00:00 ET
CVR Partners published news for 2023 q4
SEC form 8
2024-02-20 17:15 ET
CVR Partners published news for 2023 q4
SEC form 8
2024-02-20 17:15 ET
CVR Partners reported for 2023 q4
SEC form 10
2023-10-31 16:17 ET
CVR Partners published news for 2023 q3
SEC form 10
2023-10-31 00:00 ET
CVR Partners published news for 2023 q3
SEC form 8
2023-10-30 16:53 ET
CVR Partners reported for 2023 q3
SEC form 10
2023-08-01 16:25 ET
CVR Partners published news for 2023 q2
SEC form 10
2023-08-01 00:00 ET
CVR Partners published news for 2023 q2
SEC form 6
2023-07-31 17:14 ET
CVR Partners reported for 2023 q2
SEC form 8
2023-07-31 00:00 ET
CVR Partners published news for 2023 q2
SEC form 10
2023-05-02 00:00 ET
CVR Partners published news for 2023 q1
SEC form 8
2023-05-01 00:00 ET
CVR Partners reported for 2023 q1
SEC form 6
2023-03-17 16:42 ET
CVR Partners published news for 2022 q4
SEC form 10
2023-02-22 16:18 ET
CVR Partners reported for 2022 q4
SEC form 10
2023-02-22 00:00 ET
CVR Partners published news for 2022 q4
SEC form 6
2023-02-21 17:09 ET
CVR Partners published news for 2022 q4
SEC form 8
2023-02-21 00:00 ET
CVR Partners reported for 2022 q4
SEC form 6
2023-01-11 16:16 ET
CVR Partners published news for 2022 q4
SEC form 10
2022-11-01 16:16 ET
CVR Partners reported for 2022 q3
SEC form 10
2022-11-01 00:00 ET
CVR Partners reported for 2022 q3
SEC form 6
2022-10-31 17:26 ET
CVR Partners published news for 2022 q3
SEC form 8
2022-10-31 00:00 ET
CVR Partners reported for 2022 q3
SEC form 6
2022-09-13 16:16 ET
CVR Partners published news for 2022 q2
SEC form 10
2022-08-02 16:18 ET
CVR Partners reported for 2022 q2
SEC form 10
2022-08-02 00:00 ET
CVR Partners reported for 2022 q2
SEC form 6
2022-08-01 17:22 ET
CVR Partners published news for 2022 q2
SEC form 8
2022-08-01 00:00 ET
CVR Partners reported for 2022 q2
SEC form 6
2022-06-29 16:36 ET
CVR Partners published news for 2022 q1
SEC form 10
2022-05-03 16:31 ET
CVR Partners reported for 2022 q1
SEC form 10
2022-05-03 00:00 ET
CVR Partners reported for 2022 q1
SEC form 6
2022-05-02 17:14 ET
CVR Partners published news for 2022 q1
SEC form 8
2022-05-02 00:00 ET
CVR Partners reported for 2022 q1
SEC form 10
2022-02-23 00:00 ET
CVR Partners published news for 2021 q4
SEC form 10
2022-02-22 17:41 ET
CVR Partners published news for 2021 q4
SEC form 6
2022-02-22 06:59 ET
CVR Partners published news for 2021 q4
SEC form 8
2022-02-22 00:00 ET
CVR Partners published news for 2021 q4
SEC form 6
2022-02-07 16:20 ET
CVR Partners published news for 2021 q4
SEC form 6
2022-01-04 16:24 ET
CVR Partners published news for 2021 q4
SEC form 6
2021-12-27 16:39 ET
CVR Partners published news for 2021 q3
SEC form 6
2021-12-06 16:31 ET
CVR Partners published news for 2021 q3
SEC form 10
2021-11-02 16:14 ET
CVR Partners published news for 2021 q3
SEC form 10
2021-11-02 00:00 ET
CVR Partners published news for 2021 q3
SEC form 6
2021-11-01 16:30 ET
CVR Partners published news for 2021 q3
SEC form 8
2021-11-01 00:00 ET
CVR Partners published news for 2021 q3
SEC form 6
2021-10-12 08:26 ET
CVR Partners published news for 2021 q3
SEC form 6
2021-10-04 16:17 ET
CVR Partners published news for 2021 q3
SEC form 6
2021-09-08 16:19 ET
CVR Partners published news for 2021 q2
SEC form 6
2021-08-25 16:18 ET
CVR Partners published news for 2021 q2
SEC form 6
2021-08-13 16:26 ET
CVR Partners published news for 2021 q2
SEC form 10
2021-08-03 16:39 ET
CVR Partners published news for 2021 q2
SEC form 10
2021-08-03 00:00 ET
CVR Partners published news for 2021 q2
SEC form 6
2021-08-02 17:05 ET
CVR Partners published news for 2021 q2
SEC form 8
2021-08-02 00:00 ET
CVR Partners published news for 2021 q2
SEC form 6
2021-07-15 16:37 ET
CVR Partners published news for 2021 q2
SEC form 6
2021-07-09 16:36 ET
CVR Partners published news for 2021 q2
SEC form 6
2021-07-02 16:22 ET
CVR Partners published news for 2021 q2
SEC form 6
2021-06-23 16:54 ET
CVR Partners published news for 2021 q1
SEC form 6
2021-06-08 16:48 ET
CVR Partners published news for 2021 q1
SEC form 6
2021-06-02 08:40 ET
CVR Partners published news for 2021 q1
SEC form 10
2021-05-04 16:07 ET
CVR Partners published news for 2021 q1
SEC form 10
2021-05-04 00:00 ET
CVR Partners published news for 2021 q1
SEC form 6
2021-05-03 17:14 ET
CVR Partners published news for 2021 q1
SEC form 8
2021-05-03 00:00 ET
CVR Partners published news for 2021 q1
SEC form 6
2021-04-05 16:52 ET
CVR Partners published news for 2021 q1
SEC form 6
2021-03-19 16:43 ET
CVR Partners published news for 2020 q4
SEC form 10
2021-02-23 16:35 ET
CVR Partners published news for 2020 q4
SEC form 6
2021-02-22 17:09 ET
CVR Partners published news for 2020 q4
SEC form 6
2020-11-23 17:02 ET
CVR Partners published news for 2020 q3
SEC form 10
2020-11-03 16:35 ET
CVR Partners published news for 2020 q3
SEC form 6
2020-11-02 17:24 ET
CVR Partners published news for 2020 q3
SEC form 6
2020-09-30 17:20 ET
CVR Partners published news for 2020 q2