Company Valuation: CF Industries Holdings, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 15,181 16,715 15,189 14,847 12,063 18,230 - -
Change - 10.11% -9.13% -2.25% -18.75% 51.12% - -
Enterprise Value (EV) 1 17,018 17,357 16,125 16,204 13,296 18,313 18,037 17,952
Change - 2% -7.1% 0.49% -17.95% 37.73% -1.5% -0.47%
P/E 16.7x 5.2x 10.1x 12.7x 8.62x 6.67x 10.7x 13.9x
PBR 4.75x 3.3x 2.69x 3.09x 2.59x 2.73x 2.36x 2.2x
PEG - 0x -0.2x -0.9x 0.3x 0.1x -0.3x -0.6x
Capitalization / Revenue 2.32x 1.49x 2.29x 2.5x 1.7x 2.1x 2.48x 2.68x
EV / Revenue 2.6x 1.55x 2.43x 2.73x 1.88x 2.11x 2.45x 2.64x
EV / EBITDA 6.2x 2.95x 5.84x 7.09x 4.6x 4.21x 5.85x 7.04x
EV / EBIT 7.4x 3.03x 7.06x 9.54x 5.5x 4.7x 7.56x 10.8x
EV / FCF 7.21x 5.1x 7.14x 9.24x 7.38x 6.29x 9.33x 9.95x
FCF Yield 13.9% 19.6% 14% 10.8% 13.6% 15.9% 10.7% 10.1%
Dividend per Share 2 1.2 1.5 1.6 2 2 2.036 2.073 2.069
Rate of return 1.7% 1.76% 2.01% 2.34% 2.59% 1.72% 1.75% 1.74%
EPS 2 4.24 16.38 7.87 6.74 8.97 17.78 11.06 8.513
Distribution rate 28.3% 9.16% 20.3% 29.7% 22.3% 11.4% 18.7% 24.3%
Net sales 1 6,538 11,186 6,631 5,936 7,084 8,685 7,349 6,812
EBITDA 1 2,743 5,880 2,760 2,284 2,893 4,352 3,085 2,550
EBIT 1 2,300 5,727 2,283 1,699 2,417 3,896 2,387 1,657
Net income 1 917 3,346 1,525 1,218 1,455 2,645 1,646 1,266
Net Debt 1 1,837 642 936 1,357 1,233 83.39 -192.2 -277.6
Reference price 2 70.78 85.20 79.50 85.32 77.34 118.66 118.66 118.66
Nbr of stocks (in thousands) 2,14,475 1,96,189 1,91,057 1,74,020 1,55,975 1,53,629 - -
Announcement Date 15/02/22 15/02/23 14/02/24 19/02/25 18/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
6.67x2.11x4.21x1.72% 1.82TCr
10.58x3.57x5.71x3.75% 1.93TCr
12.05x3.57x7.95x6.03% 1.57TCr
7.17x0.79x3.97x6.97% 1.2TCr
-46.72x0.95x7.16x3.9% 716.11Cr
25.22x1.65x15.27x0.63% 618.03Cr
10.27x1.96x4.91x6.86% 592.95Cr
11.27x4.13x7.76x0.94% 548.19Cr
Average 4.56x 2.34x 7.12x 3.85% 1.12TCr
Weighted average by Cap. 6.06x 2.49x 6.41x 4%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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