Corteva Inc
Exchange: NYSESector: Basic MaterialsIndustry: Agricultural Inputs
New Corteva is a global leader in crop protection, differentiated by its comprehensive portfolio of innovative and sustainable solutions, including a fast-growing biologicals platform. The company will build on a proven track record of operational excellence, supply chain optimization, and regulatory expertise to help farmers protect yields and improve returns.
Did you know?
Generated $4.8 in free cash flow for every $1 of capital expenditure in FY25.
Current Price
$85.46
+1.97%GoodMoat Value
$94.47
10.5% undervaluedProfile
Valuation (TTM)
Market Cap$57.75B
P/E52.79
EV$50.59B
P/B2.39
Shares Out675.73M
P/Sales3.32
Revenue$17.40B
EV/EBITDA18.84
Corteva Inc (CTVA) Stock Analysis
GoodMoat Analysis
Corteva is a global leader in agricultural seeds and crop protection, but its investment case is currently unfavourable for value investors. It shows a weak moat profile and trades at a premium valuation despite negative revenue growth, failing the initial quality gate of the GoodMoat framework.
Read full analysis
Corteva Inc is a global leader in agricultural science, developing and selling seeds and crop protection products. Applying the GoodMoat Moat Identification framework, the company likely scores low, potentially meeting only a few criteria such as technology leadership in seed genetics, regulatory barriers for pesticides, and a strong brand. However, this is insufficient to suggest a durable competitive advantage, as the industry is capital-intensive and faces significant competitive and pricing pressures. The business fails the initial quality and moat gate of the Decision Framework, as evidenced by weak financial metrics: a high P/E of 50.7, negative revenue growth of -1.7% YoY, and a low ROE of 4.5%, which is far below the 15-20% threshold for high-quality companies. While the free cash flow yield of 5.1% and a modest debt level are positives, the overall quality profile is unfavourable. The stock trades at $82.03, which is a 13% discount to the GoodMoat Target of $94.47, but this does not constitute a sufficient margin of safety given the underlying business quality. For a value investor, the combination of a weak moat score, deteriorating growth, and a premium earnings multiple suggests this is not a company worth investigating further under the current framework. Analysis based on data as of 2024-05-15.
Market Cap$57.75B
Current Price$85.46
P/E Ratio52.79
Forward P/E—
PEG Ratio0.03
EPS$1.60
Book Value$35.73
P/B Ratio2.39
CTVA Financial Charts
FCF vs CAPEX
FCFCAPEX
Cash vs Debt
Net Cash: 1.9B
Revenue
13.8B
FY19
14.2B
FY20
15.7B
FY21
17.5B
FY22
17.2B
FY23
16.9B
FY24
17.4B
FY25
Net Income
—
FY19
681M
FY20
1.8B
FY21
1.1B
FY22
735M
FY23
907M
FY24
1.1B
FY25
CTVA 52-Week Range
$54.98
$85.46
50-Day MA: $77.19200-Day MA: $70.74
Did you know?
Pays a 0.82% dividend yield.
Corteva Inc (CTVA) Financial Summary
Corteva Inc (CTVA) is a Basic Materials company in the Agricultural Inputs industry, listed on NYSE. The stock currently trades at $85.46 with a market capitalization of $57.75B.
Key valuation metrics include a P/E ratio of 52.79, price-to-book ratio of 2.39, and EPS of $1.60. The company reports a profit margin of 6.3% and return on equity of 4.5%.
CTVA Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $57.75B |
| P/E Ratio | 52.79 |
| EPS | $1.60 |
| P/B Ratio | 2.39 |
| P/S Ratio | 3.32 |
| EV/EBITDA | 18.84 |
| Dividend Yield | 0.82% |
| Profit Margin | 6.3% |
| Return on Equity | 4.5% |
| Debt/Equity | 0.11 |
CTVA Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $13.85B | $-959.00M |
| FY20 | $14.22B | $681.00M |
| FY21 | $15.65B | $1.76B |
| FY22 | $17.45B | $1.15B |
| FY23 | $17.23B | $735.00M |
| FY24 | $16.91B | $907.00M |
| FY25 | $17.40B | $1.09B |
Corteva Inc (CTVA) Valuation
Based on GoodMoat's DCF model, Corteva Inc has a fair value estimate of $94.47. At the current price of $85.46, the stock appears 9.5% undervalued relative to our intrinsic value estimate.
CTVA Quality Indicators
Corteva Inc maintains a profit margin of 6.3% and an operating margin of 14.0%. Return on equity stands at 4.5%. The current ratio is 1.43. Debt-to-equity ratio is 0.11.
About Corteva Inc
New Corteva is a global leader in crop protection, differentiated by its comprehensive portfolio of innovative and sustainable solutions, including a fast-growing biologicals platform. The company will build on a proven track record of operational excellence, supply chain optimization, and regulatory expertise to help farmers protect yields and improve returns.
CTVA Free Cash Flow
Corteva Inc generated $2.81B in trailing twelve-month free cash flow, representing an FCF yield of 4.87%. This moderate FCF yield indicates reasonable cash generation.
CTVA Shares Outstanding
Corteva Inc has 0.68 billion shares outstanding at a share price of $85.46, giving it a market capitalization of $57.75B.
CTVA Recent Insider Trades
Recent insider transactions at Corteva Inc include:
| Insider | Type | Shares | Value |
|---|---|---|---|
| TITUS BRIAN (See Remarks) | SELL | 4,311 | $330072.58 |