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- Upturn Summary
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Upturn AI Summary - About
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
10/09/2026: IEP (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Icahn Enterprises LP is a diversified holding company that operates primarily through activist investment activities and a collection of industrial subsidiaries in energy, automotive, and other sectors. Its main strength lies in the strategic influence exerted by founder Carl Icahn, who targets undervalued companies to unlock potential value. The primary investment opportunity is the ability to benefit from these activist interventions and operational improvements, while the high dividend has historically attracted income-focused investors. However, the company faces risks from high corporate leverage, exposure to cyclical energy markets, and ongoing market skepticism following recent regulatory scrutiny. It may best suit risk-tolerant investors who monitor activist progress and subsidiary performance.
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 | Mixed fit | The company relies on specific activist successes rather than consistent long-term organic growth. |
| Momentum investor | Weak fit | The stock often exhibits idiosyncratic volatility not always aligned with broad market momentum. |
| Value investor | Mixed fit | While assets may appear undervalued, the complex holding company structure can make true intrinsic value difficult to assess. |
| Dividend investor | Strong fit while signal remains positive | The company has historically prioritized a high dividend, though investors must monitor payout sustainability. |
| Low-risk investor | Weak fit | High leverage, concentration risk, and sector exposure make this a high-risk equity. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock price is prone to sharp swings driven by market sentiment and investment segment results. |
| Valuation risk | High | Calculating an accurate net asset value (NAV) is complex and often subject to market discount. |
| Competition risk (Investment firms) | Medium | IEP competes with well-capitalized firms for activist targets and investment opportunities. |
| Business quality | Medium | The business quality is mixed, as it depends on the operational health of disparate subsidiaries. |
| Dividend income | Medium / high | Dividend sustainability depends on the cash flow generation of its energy and industrial holdings. |
| Execution risk | Medium / high | Success is largely dependent on the execution of activist campaigns and operational management of subsidiaries. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit -44.91% | Avg. Invested days 28 | Today’s Advisory WEAK BUY |
Upturn Advisory Rating  | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/09/2026 |
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 4.72B USD | Price to earnings Ratio - | 1Y Target Price 12 |
Price to earnings Ratio - | 1Y Target Price 12 | ||
Volume (30-day avg) 798.4K shares | Beta 0.7 | 52 Weeks Range 5.82 - 7.44 | Updated Date 10/09/2026 |
52 Weeks Range 5.82 - 7.44 | Updated Date 10/09/2026 | ||
Dividends yield (FY) 30.08% | Basic EPS (TTM) -0.71 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Investment | Returns from activist stock positions and portfolio management. | The company gains when its activist campaigns increase the value of its investment holdings. |
| Energy | Refining, petroleum products, and fertilizers via CVR Energy. | Revenue is driven by commodity prices and the refining margin spread. |
| Automotive | Aftermarket parts and service. | Provides steady cash flow through the sale of auto parts and services. |
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 8.71B | Price to Sales(TTM) 0.45 |
Enterprise Value 8.71B | Price to Sales(TTM) 0.45 | ||
Enterprise Value to Revenue 0.83 | Enterprise Value to EBITDA 13.45 | Shares Outstanding 710.92M | Shares Floating 51.70M |
Shares Outstanding 710.92M | Shares Floating 51.70M | ||
Percent Insiders - | Percent Institutions 94.89 |
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.
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