CVR Energy Inc (CVI) is overvalued and HF Sinclair Corp (DINO) is undervalued.
Against our estimates of intrinsic value, DINO trades at the wider discount: a margin of safety of +57%, against -21% for CVI.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.5% (average of 3 methods) values the shares at $42.93; the price of $52.13 is 21% above that value, and 78% of that value comes from beyond year five.
Leak Score 0/100 on 3 of 12 signals
Discounting its cash flows at 8.4% (average of 3 methods) values the shares at $245.68; the price of $106.69 is 57% below that value, and 79% of that value comes from beyond year five.
Leak Score 100/100 on 3 of 12 signals
| Metric | CVI | DINO |
|---|---|---|
| Verdict | Overvalued | Undervalued |
| Price | $52.13 | $106.69 |
| Intrinsic value | $42.93 | $245.68 |
| Margin of safety | -21% | +57% |
| Leak Score | 0/100 (3/12) | 100/100 (3/12) |
| Market cap | $5.2B | $19.0B |
| Revenue growth, 5 years | 12.8% | 19.1% |
| Operating margin | 6.8% | 8.6% |
| Net margin | 0.8% | 6.1% |
| Return on equity | 13.9% | 19.4% |
| Debt to equity | 3.43 | 0.32 |
| P/E | 75.9x | 10.2x |
| Forward P/E | 19.1x | 9.1x |
| P/B | 10.0x | 1.8x |
| Dividend yield | 0.7% | 1.9% |