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Icahn Enterprises LP (IEP) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Icahn Enterprises LP (IEP) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Icahn Enterprises LP owns a diverse range of businesses in the United States. Its most revenue generating segment is the Automotive segment. Icahn Enterprises LP has a market cap of $14.28 billion; its shares were traded at around $76.50 with a P/E ratio of 16.21 and P/S ratio of 0.52. The dividend yield of Icahn Enterprises LP stocks is 9.15%.


For the last quarter Icahn Enterprises LP reported a revenue of $2.9 billion, compared with the revenue of $2.4 billion during the same period a year ago. For the latest fiscal year the company reported a revenue of $11.5 billion, a decrease of 45.8% from the previous year. For the last five years Icahn Enterprises LP had an average revenue decline of 5.8% a year.

The reported diluted earnings per share was $11.46 for the year, a decline of 22.6% from the previous year. The Icahn Enterprises LP had an operating margin of 5.92%, compared with the operating margin of 12.64% a year before. The 10-year historical median operating margin of Icahn Enterprises LP is 3.93%. The profitability rank of the company is 4 (out of 10).

At the end of the fiscal year, Icahn Enterprises LP has the cash and cash equivalents of $2.7 billion, compared with $1.7 billion in the previous year. The long term debt was $7.3 billion, compared with $11.2 billion in the previous year. The interest coverage to the debt is 1.3, which is not a favorable level. Icahn Enterprises LP has a financial strength rank of 5 (out of 10).

At the current stock price of $76.50, Icahn Enterprises LP is traded at 16.3% premium to its historical median P/S valuation band of $65.75. The P/S ratio of the stock is 0.52, while the historical median P/S ratio is 0.45. The stock gained 48.00% during the past 12 months.

For the complete 20-year historical financial data of IEP, click here.

This article first appeared on GuruFocus.