WallStSmart

Icahn Enterprises LP (IEP)vsValero Energy Corporation (VLO)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Valero Energy Corporation generates 1132% more annual revenue ($115.94B vs $9.41B). VLO leads profitability with a 2.0% profit margin vs -3.1%. IEP appears more attractively valued with a PEG of 1.15. IEP earns a higher WallStSmart Score of 57/100 (C).

IEP

Buy

57

out of 100

Grade: C

Growth: 4.7Profit: 3.0Value: 6.7Quality: 6.5
Piotroski: 5/9

VLO

Buy

51

out of 100

Grade: C-

Growth: 2.7Profit: 5.5Value: 7.3Quality: 7.0
Piotroski: 6/9
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for IEP.

VLOUndervalued (+42.4%)

Margin of Safety

+42.4%

Fair Value

$354.28

Current Price

$234.54

$119.74 discount

UndervaluedFair: $354.28Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

IEP1 strengths · Avg: 8.0/10
Price/BookValuation
1.8x8/10

Reasonable price relative to book value

VLO3 strengths · Avg: 8.3/10
Market CapQuality
$72.29B9/10

Large-cap with strong market position

Price/BookValuation
3.0x8/10

Reasonable price relative to book value

Free Cash FlowQuality
$1.81B8/10

Generating 1.8B in free cash flow

Areas to Watch

IEP3 concerns · Avg: 1.7/10
Return on EquityProfitability
-8.1%2/10

ROE of -8.1% — below average capital efficiency

Free Cash FlowQuality
$-496.00M2/10

Negative free cash flow — burning cash

Profit MarginProfitability
-3.1%1/10

Currently unprofitable

VLO4 concerns · Avg: 3.3/10
P/E RatioValuation
31.9x4/10

Premium valuation, high expectations priced in

EPS GrowthGrowth
3.2%4/10

3.2% earnings growth

Profit MarginProfitability
2.0%3/10

2.0% margin — thin

PEG RatioValuation
4.212/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

Bull Case : IEP

The strongest argument for IEP centers on Price/Book. PEG of 1.15 suggests the stock is reasonably priced for its growth.

Bull Case : VLO

The strongest argument for VLO centers on Market Cap, Price/Book, Free Cash Flow.

Bear Case : IEP

The primary concerns for IEP are Return on Equity, Free Cash Flow, Profit Margin.

Bear Case : VLO

The primary concerns for VLO are P/E Ratio, EPS Growth, Profit Margin. Thin 2.0% margins leave little buffer for downturns.

Key Dynamics to Monitor

IEP profiles as a turnaround stock while VLO is a value play — different risk/reward profiles.

IEP carries more volatility with a beta of 0.78 — expect wider price swings.

IEP is growing revenue faster at 5.9% — sustainability is the question.

VLO generates stronger free cash flow (1.8B), providing more financial flexibility.

Bottom Line

IEP scores higher overall (57/100 vs 51/100). VLO offers better value entry with a 42.4% margin of safety. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Icahn Enterprises LP

ENERGY · OIL & GAS REFINING & MARKETING · USA

Icahn Enterprises LP, operates in investment, energy, automotive, food packaging, metals, real estate, home fashion and pharmaceutical businesses in the United States and internationally. The company is headquartered in Sunny Isles Beach, Florida.

Valero Energy Corporation

ENERGY · OIL & GAS REFINING & MARKETING · USA

Valero Energy Corporation is a Fortune 500 international manufacturer and marketer of transportation fuels, other petrochemical products, and power. It is headquartered in San Antonio, Texas, United States.

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