Recent price performance and business mix

Icahn Enterprises (IEP) has seen its unit price decline about 10% over the past month and about 5% over the past 3 months, drawing attention to how its diversified operations are currently valued.

The partnership spans multiple businesses, including investment funds, energy refining and renewables, automotive services and parts, food packaging, real estate, home fashion and pharma. As a result, the stock reflects a mix of cyclical and defensive drivers.

Energy remains the largest contributor to revenue at US$7,515 million, followed by automotive at US$1,402 million, with smaller contributions from food packaging, real estate, home fashion, pharma, investment activities and holding company…