Market Cap
US$8.5b
Last Updated
2021/01/15 23:39 UTC
Data Sources
Company Financials +
Executive Summary
AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet with moderate growth potential.
Similar Companies
Share Price & News
How has AGCO's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AGCO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: AGCO's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
1.8%
AGCO
-0.7%
US Machinery
-0.9%
US Market
1 Year Return
52.6%
AGCO
21.7%
US Machinery
19.6%
US Market
Return vs Industry: AGCO exceeded the US Machinery industry which returned 24.1% over the past year.
Return vs Market: AGCO exceeded the US Market which returned 21% over the past year.
Shareholder returns
| AGCO | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.8% | -0.7% | -0.9% |
| 30 Day | 16.7% | 5.9% | 3.0% |
| 90 Day | 40.1% | 15.3% | 11.5% |
| 1 Year | 54.1%52.6% | 24.7%21.7% | 22.3%19.6% |
| 3 Year | 59.2%54.7% | 28.0%19.0% | 45.3%35.7% |
| 5 Year | 160.4%148.3% | 177.7%147.5% | 124.8%99.9% |
Long-Term Price Volatility Vs. Market
How volatile is AGCO's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Here's Why AGCO's (NYSE:AGCO) Statutory Earnings Are Arguably Too Conservative2 weeks ago | Simply Wall St
Does AGCO (NYSE:AGCO) Have A Healthy Balance Sheet?1 month ago | Simply Wall St
Can Mixed Fundamentals Have A Negative Impact on AGCO Corporation (NYSE:AGCO) Current Share Price Momentum?Valuation
Is AGCO undervalued compared to its fair value and its price relative to the market?
7.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AGCO ($114.11) is trading below our estimate of fair value ($122.86)
Significantly Below Fair Value: AGCO is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: AGCO is poor value based on its PE Ratio (42.2x) compared to the US Machinery industry average (34.1x).
PE vs Market: AGCO is poor value based on its PE Ratio (42.2x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: AGCO is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: AGCO's PB Ratio (3x) is in line with the US Machinery industry average.
Next Steps
Future Growth
How is AGCO forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
23.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AGCO's forecast earnings growth (23.1% per year) is above the savings rate (2%).
Earnings vs Market: AGCO's earnings (23.1% per year) are forecast to grow faster than the US market (21.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: AGCO's revenue (8.6% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: AGCO's revenue (8.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AGCO's Return on Equity is forecast to be low in 3 years time (19.6%).
Next Steps
Past Performance
How has AGCO performed over the past 5 years?
-2.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AGCO has a large one-off loss of $208.0M impacting its September 30 2020 financial results.
Growing Profit Margin: AGCO's current net profit margins (2.3%) are lower than last year (3.4%).
Past Earnings Growth Analysis
Earnings Trend: AGCO's earnings have declined by 2.4% per year over the past 5 years.
Accelerating Growth: AGCO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AGCO had negative earnings growth (-34.4%) over the past year, making it difficult to compare to the Machinery industry average (-15.5%).
Return on Equity
High ROE: AGCO's Return on Equity (6.8%) is considered low.
Next Steps
Financial Health
How is AGCO's financial position?
Financial Position Analysis
Short Term Liabilities: AGCO's short term assets ($3.9B) exceed its short term liabilities ($2.9B).
Long Term Liabilities: AGCO's short term assets ($3.9B) exceed its long term liabilities ($2.2B).
Debt to Equity History and Analysis
Debt Level: AGCO's debt to equity ratio (54.9%) is considered high.
Reducing Debt: AGCO's debt to equity ratio has increased from 51.7% to 54.9% over the past 5 years.
Debt Coverage: AGCO's debt is well covered by operating cash flow (64%).
Interest Coverage: AGCO's interest payments on its debt are well covered by EBIT (33.4x coverage).
Balance Sheet
Next Steps
Dividend
What is AGCO current dividend yield, its reliability and sustainability?
0.56%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AGCO's dividend (0.56%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.38%).
High Dividend: AGCO's dividend (0.56%) is low compared to the top 25% of dividend payers in the US market (3.84%).
Stability and Growth of Payments
Stable Dividend: AGCO is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: AGCO is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: AGCO is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AGCO's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.8yrs
Average management tenure
CEO
Eric Hansotia (51 yo)
no data
Tenure
US$3,615,497
Compensation
Mr. Eric P. Hansotia has been Chairman, President and Chief Executive Officer at AGCO Corporation since January 1, 2021. Mr. Hansotia served as the Chief Operating Officer of AGCO Corporation since January...
CEO Compensation Analysis
Compensation vs Market: Eric's total compensation ($USD3.62M) is below average for companies of similar size in the US market ($USD6.20M).
Compensation vs Earnings: Eric's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | no data | US$3.62m | 0.062% $ 5.3m | |
| Senior VP & CFO | 18.58yrs | US$4.86m | 0.16% $ 13.7m | |
| Senior VP & Chief Supply Chain Officer | 12.5yrs | US$3.91m | 0.13% $ 10.8m | |
| VP & Chief Accounting Officer | 2.67yrs | no data | 0.0027% $ 229.9k | |
| Vice President of Investor Relations | no data | no data | no data | |
| Senior VP | 7.58yrs | no data | no data | |
| Senior VP and GM of Asia | 17yrs | US$3.29m | 0.10% $ 8.8m | |
| Senior VP & GM of North America | 15yrs | US$3.18m | 0.073% $ 6.2m | |
| Senior Vice President of Global Business Services | 7.83yrs | no data | 0.039% $ 3.4m | |
| Senior VP & Chief Procurement Officer | no data | no data | 0.033% $ 2.8m | |
| Senior VP & GM of South America | 2yrs | no data | 0.0036% $ 307.7k | |
| Senior VP and GM of Europe & Middle East | 1yr | no data | 0.0071% $ 606.0k |
7.8yrs
Average Tenure
53yo
Average Age
Experienced Management: AGCO's management team is seasoned and experienced (7.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | no data | US$3.62m | 0.062% $ 5.3m | |
| Lead Independent Director | no data | US$326.00k | 0.025% $ 2.2m | |
| Independent Director | 7.25yrs | US$271.78k | 0.019% $ 1.6m | |
| Independent Director | 7.25yrs | US$270.00k | 0.019% $ 1.7m | |
| Independent Director | 21.92yrs | US$289.22k | 0.014% $ 1.2m | |
| Director | 0.75yr | no data | no data | |
| Independent Director | 13yrs | US$301.81k | 0.028% $ 2.4m | |
| Independent Director | 3.75yrs | US$270.00k | 0.0065% $ 551.3k | |
| Director | 9.5yrs | US$270.00k | 0.027% $ 2.3m | |
| Independent Director | 16.08yrs | US$286.30k | 0.019% $ 1.6m | |
| Independent Director | 1.75yrs | US$82.09k | 0.0038% $ 323.9k | |
| Director | no data | no data | no data |
7.3yrs
Average Tenure
64.5yo
Average Age
Experienced Board: AGCO's board of directors are considered experienced (7.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AGCO insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
AGCO Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: AGCO Corporation
- Ticker: AGCO
- Exchange: NYSE
- Founded: 1990
- Industry: Agricultural and Farm Machinery
- Sector: Capital Goods
- Market Cap: US$8.547b
- Shares outstanding: 74.90m
- Website: https://www.agcocorp.com
Number of Employees
Location
- AGCO Corporation
- 4205 River Green Parkway
- Duluth
- Georgia
- 30096
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AGCO | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Apr 1994 |
| AGJ | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Apr 1994 |
Biography
AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers high horsepower tractors for row crop production, soil cultivation, planting, land le...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/15 23:39 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.