IEP Stock Analysis: Icahn Enterprises | NASDAQ
Oil & Gas Refining & Marketing | NASDAQ, USA | Market Cap: 4.042m USD | 12M Return: -27.1% | US4511001012 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 9.80M
Qual. Beats: 1
Rev. Trend: -34.4%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.9 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 is strong.
Icahn Enterprises L.P. (NASDAQ: IEP) is a diversified holding company headquartered in Sunny Isles Beach, Florida, operating through seven business segments: Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion, and Pharma. The Investment segment deploys proprietary capital across private funds and provides advisory and back-office services, while the Energy segment spans petroleum refining and marketing, renewable diesel production, and nitrogen fertilizer manufacturing. The remaining segments cover automotive repair and aftermarket parts, cellulosic and plastic casings for processed meats, real estate investment and residential development (including a resort and two country clubs), home fashion consumer products, and pharmaceutical products and therapies.
The company is structured as a master limited partnership (MLP), an unusual arrangement for a diversified industrial holding company, and is classified within the Industrials sector under the GICS Industrial Conglomerates sub-industry. Founded by activist investor Carl Icahn in 1987, IEP has historically served as the publicly traded vehicle through which Icahn deploys capital across both controlled operating businesses and minority investment positions.
- Refining crack spreads and renewable diesel margins drive Energy segment
- Investment segment returns hinge on Icahn portfolio performance
- Capital allocation via buybacks and dividends supports valuation
| Net Income: -1.03b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA -0.51 > 1.0 |
| NWC/Revenue: 31.04% < 20% (prev 50.71%; Δ -19.67% < -1%) |
| CFO/TA 0.03 > 3% & CFO 308.0m > Net Income -1.03b |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 2.04 > 1.5 & < 3 |
| Outstanding Shares: last quarter (716.0m) vs 12m ago 24.52% < -2% |
| Gross Margin: 8.21% > 18% (prev 10.09%; Δ -1.89% > 0.5%) |
| Asset Turnover: 87.16% > 50% (prev 65.68%; Δ 21.47% > 0%) |
| Interest Coverage Ratio: -1.76 > 6 (EBIT TTM -852.0m / Interest Expense TTM 485.0m) |
| DSRI: 0.61 (Receivables 1.55b/2.14b, Revenue 11.5b/9.74b) |
| GMI: 1.23 (GM 10.09% / 8.21%) |
| AQI: 0.47 (AQ_t 0.11 / AQ_t-1 0.24) |
| SGI: 1.18 (Revenue 11.5b / 9.74b) |
| TATA: -0.11 (NI -1.03b - CFO 308.0m) / TA 11.6b) |
| Beneish M = -3.33 (Cap -4..+1) = AA |
As of November 11, 2026, the stock is trading at USD 5.08 with a total of 1,653,985 shares traded. Over the past week, the price has changed by -5.05%, over one month by -23.15%, over three months by -26.69% and over the past year by -27.14%.
Current recommended Stop Loss: 4.80 (which is 5.5% or 1.2 ATR below the current price).
Icahn Enterprises has no consensus analysts rating.
| Analysts Target Price | 12 | 136.2% |
P/E Forward = 28.8184
P/S = 0.3667
P/B = 3.7765
P/EG = 1.1515
Revenue TTM = 11.5b USD
EBIT TTM = -852.0m USD
EBITDA TTM = -296.0m USD
Long Term Debt = 6.59b USD (from longTermDebt, last fiscal year)
Short Term Debt = 21.0m USD (from shortLongTermDebt, last fiscal year)
Debt = 6.75b USD (corrected: LT Debt 6.59b + ST Debt 21.0m) + Leases 139.0m
Net Debt = 3.48b USD (calculated: Debt 6.75b - CCE 3.28b)
Enterprise Value = 7.52b USD (4.04b + Debt 6.75b - CCE 3.28b)
Interest Coverage Ratio = -1.76 (Ebit TTM -852.0m / Interest Expense TTM 485.0m)
EV/FCF = -123.2x (Enterprise Value 7.52b / FCF TTM -61.0m)
FCF Yield = -0.81% (FCF TTM -61.0m / Enterprise Value 7.52b)
FCF Margin = -0.53% (FCF TTM -61.0m / Revenue TTM 11.5b)
Net Margin = -8.93% (Net Income TTM -1.03b / Revenue TTM 11.5b)
Gross Margin = 8.21% ((Revenue TTM 11.5b - Cost of Revenue TTM 10.6b) / Revenue TTM)
Gross Margin QoQ = 22.99% (prev 6.43%)
Tobins Q-Ratio = 0.65 (Enterprise Value 7.52b / Total Assets 11.6b)
Interest Expense / Debt = 7.18% (Interest Expense 485.0m / Debt 6.75b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -673.1m (EBIT -852.0m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 2.04 (Total Current Assets 7.01b / Total Current Liabilities 3.44b)
Debt / Equity = 9.05 (Debt 6.75b / totalStockholderEquity, last quarter 746.0m)
Debt / EBITDA = -11.74 (negative EBITDA) (Net Debt 3.48b / EBITDA -296.0m)
Debt / FCF = -56.98 (negative FCF - burning cash) (Net Debt 3.48b / FCF TTM -61.0m)
Total Stockholder Equity = 1.81b (last 4 quarters mean from totalStockholderEquity)
RoA = -7.78% (Net Income -1.03b / Total Assets 11.6b)
RoE = -56.89% (Net Income TTM -1.03b / Total Stockholder Equity 1.81b)
RoCE = -10.14% (EBIT -852.0m / Capital Employed (Equity 1.81b + L.T.Debt 6.59b))
RoIC = -8.84% (negative operating profit) (NOPAT -673.1m / Invested Capital 7.62b)
WACC = 6.48% (E(4.04b)/V(10.8b) * Re(7.84%) + D(6.75b)/V(10.8b) * Rd(7.18%) * (1-Tc(0.21)))
Discount Rate = 7.84% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 95.66 | Cagr: 22.93%
[DCF] Fair Price = unknown (Cash Flow -61.0m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.84 | # QB: 1
Revenue Correlation: -34.41 | Revenue CAGR: -2.62% | SUE: 0.77 | # QB: 0
EPS current Year (2026-12-31): EPS=0.40 | Chg30d=-9.09% | Revisions=-25% | GrowthEPS=+176.9% | GrowthRev=-0.9%
EPS next Year (2027-12-31): EPS=0.55 | Chg30d=-12.70% | Revisions=-25% | GrowthEPS=+37.5% | GrowthRev=+6.6%