Cvr Partners, LP
CVR Partners, LP ( CVR Partners or the Partnership ) is a Delaware limited partnership formed in 2011 by CVR Energy, Inc. (together with its subsidiaries, but excluding the Partnership and its subsidiaries, CVR Energy ) to own, operate and grow its nitrogen fertilizer business. The Partnership produces and distributes nitrogen fertilizer products, which are used by farmers to improve t…
$127.08
+$0.18 (+0.14%)
EOD Oct 21, 2026
21.23% operating margin is above average.
Revenue up 15.4% YoY with margins expanding 4.0pp. However, free cash flow softened 13%, worth monitoring whether this is timing or structural.
Free cash flow declined 13% versus the prior year, cash generation momentum has weakened. Net debt of $537M represents 5.4x FCF, leverage limits flexibility.
8.4x earnings, 9.3x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$677M
▲ +15.4% YoY
Net Income (TTM)
$160M
▲ +62.0% YoY
Op. Margin
28.10%
▲ +4.0pp YoY
ROIC
—
Cash Flow & Balance Sheet
FCF (TTM)
$145M
▼ -12.9% YoY
Op. Cash Flow (TTM)
$212M
▼ -0.6% YoY
Net Debt
$458M
Cash & Equiv.
$137M
5Y CAGR: +11.6%
5Y CAGR: +144.0%
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SourceComputed from the 10-Q filed 24 Jul 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 3 Oct 2026. How this is calculated.
Price from market data, last close as of 21 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.
Is Cvr Partners, LP (UAN) overvalued?
At a P/E of 8.4 and a price-to-free-cash-flow of 9.3, Cvr Partners, LP (UAN) trades below a two-stage DCF intrinsic value of about $193.70 per share, so at $127.08 the stock looks undervalued (52.4% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Cvr Partners, LP scores 33/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 9.7%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Cvr Partners, LP's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $193.70 per share for UAN, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $145.28. At today's $127.08, that puts the stock about 52.4% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Cvr Partners, LP a high-quality business?+
Cvr Partners, LP scores 33 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 28.1% operating margin. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Cvr Partners, LP (UAN) pay a dividend, and how much?+
Yes, Cvr Partners, LP pays a regular dividend of about $12.28 per share per year (typically in quarterly installments), a yield of roughly 9.7% at the current price. That is a payout ratio of about 81.0% of earnings, so the dividend is covered, with less cushion. Cvr Partners, LP has grown the dividend at roughly 26.2% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For UAN's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Cvr Partners, LP a good stock to buy right now?+
That depends on valuation and quality together, not either alone. UAN currently trades below its estimated intrinsic value and scores 33/100 on quality (lower-quality). It also yields about 9.7%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.
Related stocks: Agricultural Chemicals
Spot a number that looks wrong? Check it in UAN's SEC filings or
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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