FMC Corp
Exchange: NYSESector: Basic MaterialsIndustry: Agricultural Inputs
FMC Corporation (FMC), is a diversified chemical company. FMC serves agricultural, consumer and industrial markets with solutions, applications and products. It operates in three business segments: Agricultural Products, Specialty Chemicals and Industrial Chemicals. Agricultural Products segment develops, markets and sells all three classes of crop protection chemicals, such as insecticides, herbicides, and fungicides, with particular strength in insecticides and herbicides. Specialty Chemicals consists of its BioPolymer and lithium businesses and focuses on food ingredients that are used to enhance texture, color, structure and physical stability; pharmaceutical additives for binding, encapsulation and disintegrate applications, specialty polymers and pharmaceutical synthesis. In October 2013, FMC Corporation announced the acquisition of the Center for Agricultural and Environmental Biosolutions (CAEB).
Did you know?
Earnings per share grew at a -6.5% CAGR.
Current Price
$17.58
+0.92%Profile
Valuation (TTM)
Market Cap$2.20B
P/E-0.98
EV$5.31B
P/B1.06
Shares Out124.92M
P/Sales0.63
Revenue$3.47B
EV/EBITDA—
FMC Corp (FMC) Stock Analysis
GoodMoat Analysis
FMC Corp is a distressed agricultural chemicals company currently failing the core value investing gates. It shows no evidence of a durable moat and exhibits severe financial weakness, including significant losses and high debt. The stock's valuation is clouded by negative earnings and cash flow, making a standard value assessment difficult.
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FMC Corp operates in the Agricultural Inputs industry, producing crop protection chemicals. Applying the GoodMoat framework, the company fails the initial Moat & Quality Gate. A moat assessment reveals few durable competitive advantages; it lacks network effects, proprietary data, or clear scale privilege in a commodity-like sector, likely resulting in a Moat Score well below the required threshold of 5. The quality indicators are overwhelmingly weak. The company is deeply unprofitable, with a negative ROE of -108.1%, an operating margin of -47.0%, and negative free cash flow yield of -9.2%. Its balance sheet is leveraged, with a Debt/Equity ratio of nearly 2.0, and revenue is declining YoY by -11.5%. These metrics indicate fundamental operational distress, not a high-quality business. Valuation is problematic as traditional metrics are not meaningful; the P/E is negative due to a -$17.88 EPS, and the high 15.1% dividend yield is likely unsustainable given the cash burn. The presence of multiple High Confidence Red Flags, including margin compression, cash burn, and likely execution risk, further cautions against investment. For a value investor, FMC does not pass the foundational business strength check required to proceed to valuation analysis, making it an unfavourable candidate for further investigation under this framework. Analysis based on data as of 2024-05-15.
Market Cap$2.20B
Current Price$17.58
P/E Ratio-0.98
Forward P/E—
PEG Ratio-0.00
EPS$-17.88
Book Value$16.58
P/B Ratio1.06
FMC Financial Charts
FCF vs CAPEX
FCFCAPEX
Cash vs Debt
Net Debt: 3.5B
Revenue
4.6B
FY19
4.6B
FY20
5.0B
FY21
5.8B
FY22
4.5B
FY23
4.2B
FY24
3.5B
FY25
Net Income
477M
FY19
552M
FY20
740M
FY21
737M
FY22
1.3B
FY23
341M
FY24
—
FY25
FMC 52-Week Range
$12.05
$43.24
50-Day MA: $15.25200-Day MA: $23.69
Did you know?
Earnings per share grew at a -6.5% CAGR.
FMC Corp (FMC) Financial Summary
FMC Corp (FMC) is a Basic Materials company in the Agricultural Inputs industry, listed on NYSE. The stock currently trades at $17.58 with a market capitalization of $2.20B.
Key valuation metrics include a P/E ratio of -0.98, price-to-book ratio of 1.06, and EPS of $-17.88. The company reports a profit margin of -64.6% and return on equity of -108.1%.
FMC Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $2.20B |
| P/E Ratio | -0.98 |
| EPS | $-17.88 |
| P/B Ratio | 1.06 |
| P/S Ratio | 0.63 |
| Dividend Yield | 13.26% |
| Profit Margin | -64.6% |
| Return on Equity | -108.1% |
| Debt/Equity | 1.99 |
FMC Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $4.61B | $477.40M |
| FY20 | $4.64B | $552.40M |
| FY21 | $5.05B | $739.60M |
| FY22 | $5.80B | $736.50M |
| FY23 | $4.49B | $1.32B |
| FY24 | $4.25B | $341.10M |
| FY25 | $3.47B | $-2.24B |
FMC Quality Indicators
FMC Corp maintains a profit margin of -64.6% and an operating margin of -47.0%. Return on equity stands at -108.1%. The current ratio is 1.32. Debt-to-equity ratio is 1.99.
About FMC Corp
FMC Corporation (FMC), is a diversified chemical company. FMC serves agricultural, consumer and industrial markets with solutions, applications and products. It operates in three business segments: Agricultural Products, Specialty Chemicals and Industrial Chemicals. Agricultural Products segment develops, markets and sells all three classes of crop protection chemicals, such as insecticides, herbicides, and fungicides, with particular strength in insecticides and herbicides. Specialty Chemicals consists of its BioPolymer and lithium businesses and focuses on food ingredients that are used to enhance texture, color, structure and physical stability; pharmaceutical additives for binding, encapsulation and disintegrate applications, specialty polymers and pharmaceutical synthesis. In October 2013, FMC Corporation announced the acquisition of the Center for Agricultural and Environmental Biosolutions (CAEB).
FMC Free Cash Flow
FMC Corp generated $-176.50M in trailing twelve-month free cash flow, representing an FCF yield of -8.04%. This low FCF yield may reflect heavy reinvestment or growth spending.
FMC Shares Outstanding
FMC Corp has 0.12 billion shares outstanding at a share price of $17.58, giving it a market capitalization of $2.20B.