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Icahn Enterprises LP(IEP)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for IEP
09/17/2026: IEP (2-star) is currently NOT-A-BUY. Pass it for now.
Icahn Enterprises LP is a diversified holding company structured as an MLP, controlled by investor Carl Icahn and focused on activist investment strategies alongside industrial holdings in energy, automotive, and food packaging. The company's primary strength lies in its unique ability to deploy capital into undervalued assets to unlock shareholder value. While it offers high-yield potential, it carries risks associated with high leverage, key-person dependency, and sector-specific operational volatility. Investors should view IEP as a complex, event-driven stock suited for those comfortable with significant price volatility. Key developments to monitor include dividend policy sustainability, the performance of the investment segment, and overall debt levels across the portfolio.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | The company functions more as a mature holding entity than a high-growth vehicle. |
| Momentum investor | Mixed fit | Momentum depends on specific activist outcomes, which are binary and unpredictable. |
| Value investor | Strong fit while signal remains positive | Investors often look for discounts to net asset value in the holding structure. |
| Dividend investor | Mixed fit | The high yield is attractive but requires careful assessment of cash flow sustainability. |
| Low-risk investor | Weak fit | High leverage and reliance on activist outcomes create significant risk volatility. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock's correlation to activist outcomes and energy prices causes sharp price swings. |
| Valuation risk | Medium / high | Complex structures make it difficult to determine accurate intrinsic value. |
| Competition risk (Investment Management) | Medium | Competition from large private equity firms limits high-quality activist opportunities. |
| Business quality | Medium | The portfolio consists of diverse industrial assets that require varying levels of operational care. |
| Dividend income | High | Payouts are highly scrutinized and dependent on volatile investment results. |
| Execution risk | Medium / high | The success of activist strategies depends on management execution and external market cooperation. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit -40.21% | Avg. Invested days 29 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/17/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.95B USD | Price to earnings Ratio - | 1Y Target Price 12 |
Price to earnings Ratio - | 1Y Target Price 12 | ||
Volume (30-day avg) 1.2M shares | Beta 0.72 | 52 Weeks Range 5.82 - 7.44 | Updated Date 09/17/2026 |
52 Weeks Range 5.82 - 7.44 | Updated Date 09/17/2026 | ||
Dividends yield (FY) 28.65% | Basic EPS (TTM) -0.66 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Investment Segment | Activist investment returns and trading of equity positions. | The company generates gains (or losses) through strategic stock market bets. |
| Energy & Automotive | Refining, fertilizer production, and car parts manufacturing. | These subsidiaries provide the operational cash flow that supports the business. |
| Geography (US Focus) | Primary operational footprint and revenue generation in the United States. | Most of the company's business results depend on the US economy. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE - | Forward PE 28.82 | Enterprise Value 8.62B | Price to Sales(TTM) 0.48 |
Enterprise Value 8.62B | Price to Sales(TTM) 0.48 | ||
Enterprise Value to Revenue 0.82 | Enterprise Value to EBITDA 13.32 | Shares Outstanding 710.92M | Shares Floating 92.23M |
Shares Outstanding 710.92M | Shares Floating 92.23M | ||
Percent Insiders - | Percent Institutions 89.12 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About Icahn Enterprises LP
Exchange NASDAQ | Headquarters Sunny Isles Beach, FL, United States | ||
IPO Launch date 1987-05-18 | President, CEO, Secretary & Director of Icahn Enterprises GP Inc Mr. Ted Papapostolou | ||
Sector Energy | Industry Oil & Gas Refining & Marketing | Full time employees 13562 | Website https://www.ielp.com |
Full time employees 13562 | Website https://www.ielp.com | ||
Icahn Enterprises L.P., through its subsidiaries engages in the investment, energy, automotive, food packaging, real estate, home fashion and pharma in the United States and internationally. The Investment segment invests its proprietary capital through various private investment funds; and it provides investment advisory, administrative, and back-office services to the investment funds. The Energy segment engages in refining and marketing petroleum in the form of gasoline, diesel, jet fuel, and distillates; renewable fuels business refines renewable feedstocks, such as soybean oil, corn oil, and other related renewable feedstocks into renewable diesel and markets renewable products; and nitrogen fertilizer business produces and markets nitrogen fertilizers in the form of urea ammonium nitrate and ammonia. The Automotive segment engages in repair and maintenance of automotive; sale of installed parts or materials related to automotive services; and sale of automotive aftermarket parts and retailed merchandise. The Food Packaging segment produces and sells cellulosic, fibrous, and plastic casings used to prepare and pack processed meat products. The Real Estate segment consists of investment properties, including land, retail, office, and industrial properties; and development and sale of single-family homes; and the operations of a resort and two country clubs. The Home Fashion segment manufactures, sources, markets, distributes, and sells home fashion consumer products. The Pharma segment offers pharmaceutical products and services; and develops approved therapies and product candidates. Icahn Enterprises L.P. was incorporated in 1987 and is headquartered in Sunny Isles Beach, Florida.
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