Cvr PARTNERS, LP (UAN) intrinsic value & 10-year financials
Cvr PARTNERS, LP (UAN) has a Graham intrinsic value of $169.68 per share. At $126.36 on Oct 17, 2026, the stock trades 26% below that value. Over the last 10 fiscal years revenue grew 6.1% a year to $606.0M.
- Graham intrinsic value
- $169.68
- Share price (Oct 17, 2026)
- $126.36
- Price vs Graham value
- 26% below
- Market cap
- $1.3B
- Revenue (FY2025)
- $606.0M
- Revenue growth (10-yr CAGR)
- 6.1%
- Free cash flow (FY2025)
- $98.8M
UAN 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $606.0M | $98.7M | $9.33 | $98.8M | 21.2% | — |
| FY2024 | $525.3M | $60.9M | $5.76 | $113.5M | 17.2% | — |
| FY2023 | $681.5M | $172.4M | $16.31 | $219.3M | 29.6% | — |
| FY2022 | $835.6M | $286.8M | $27.07 | $256.8M | 38.3% | — |
| FY2021 | $532.6M | $78.2M | $7.31 | $168.1M | 25.3% | — |
| FY2020 | $350.0M | -$98.2M | -$8.77 | $1.1M | -10.0% | — |
| FY2019 | $404.2M | -$35.0M | -$3.09 | $20.5M | 6.8% | — |
| FY2018 | $351.1M | -$50.0M | — | $12.4M | 1.8% | — |
| FY2017 | $330.8M | -$72.8M | -$0.64 | -$4.2M | -2.8% | — |
| FY2016 | $356.3M | -$26.9M | -$0.26 | $21.7M | 7.5% | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
CVR PARTNERS, LP has demonstrated mature, steady growth, with revenue compounding at 6.1% annually over the past decade.
CVR PARTNERS, LP 10-year average ROIC is N/A; capital efficiency cannot be assessed from the available history.
Over the decade, CVR PARTNERS, LP shows that management has aggressively returned capital to shareholders by retiring 89.8% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, CVR PARTNERS, LP is modeled at 6.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $169.68 per share.