Market Cap
US$5.8b
Last Updated
2019/09/18 23:30 UTC
Data Sources
Company Financials +
Executive Summary
AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide.
Snowflake
Fundamentals
Adequate balance sheet and fair value.
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
Market Performance
7 Day Return
-1.3%
NYSE:AGCO
-1.0%
US Machinery
-0.02%
US Market
1 Year Return
26.9%
NYSE:AGCO
-5.4%
US Machinery
1.6%
US Market
AGCO outperformed the Machinery industry which returned -4.3% over the past year.
AGCO outperformed the Market in United States of America which returned 1.9% over the past year.
Share holder returns
| AGCO | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.3% | -1.0% | -0.02% |
| 30 Day | 10.2% | 7.1% | 2.7% |
| 90 Day | 1.1% | -1.0% | 1.4% |
| 1 Year | 28.1%26.9% | -3.4%-5.4% | 3.8%1.6% |
| 3 Year | 63.6%59.2% | 49.2%39.5% | 45.2%35.8% |
| 5 Year | 74.2%66.1% | 55.3%36.1% | 61.8%44.1% |
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
4 days ago | Simply Wall St
Do AGCO's (NYSE:AGCO) Earnings Warrant Your Attention?2 weeks ago | Simply Wall St
Why AGCO Corporation (NYSE:AGCO) Could Be Worth Watching3 weeks ago | Simply Wall St
How Much Are AGCO Corporation (NYSE:AGCO) Insiders Taking Off The Table?Valuation
Is AGCO undervalued based on future cash flows and its price relative to the stock market?
10%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
AGCO's share price is below the future cash flow value, but not at a moderate discount (< 20%).
AGCO's share price is below the future cash flow value, but not at a substantial discount (< 40%).
Price Based on Earnings
AGCO is good value based on earnings compared to the US Machinery industry average.
AGCO is good value based on earnings compared to the United States of America market.
Price Based on Expected Growth
AGCO is poor value based on expected growth next year.
Price Based on Value of Assets
AGCO is good value based on assets compared to the US Machinery industry average.
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Future Growth
How is AGCO expected to perform in the next 1 to 3 years based on estimates from 17 analysts?
7.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
AGCO's revenue is expected to grow by 2.7% yearly, however this is not considered high growth (20% yearly).
AGCO's earnings are expected to grow by 7.9% yearly, however this is not considered high growth (20% yearly).
AGCO's revenue growth is positive but not above the United States of America market average.
AGCO's earnings growth is positive but not above the United States of America market average.
AGCO's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Earnings per Share Growth Estimates
Future Return on Equity
AGCO is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
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Past Performance
How has AGCO performed over the past 5 years?
-11.1%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
AGCO's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
AGCO's 1-year earnings growth exceeds its 5-year average (70.2% vs -11.1%)
AGCO's earnings growth has exceeded the US Machinery industry average in the past year (70.2% vs 18.7%).
Return on Equity
AGCO has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
AGCO used its assets less efficiently than the US Machinery industry average last year based on Return on Assets.
Return on Capital Employed
AGCO has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
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Financial Health
How is AGCO's financial position?
Financial Position Analysis
AGCO is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
AGCO's cash and other short term assets cover its long term commitments.
Debt to Equity History and Analysis
AGCO's level of debt (59%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has increased over the past 5 years (30.2% vs 59% today).
Debt is well covered by operating cash flow (31%, greater than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 28x coverage).
Balance Sheet
High level of physical assets or inventory.
Debt is covered by short term assets, assets are 2.3x debt.
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Dividend
What is AGCO's current dividend yield, its reliability and sustainability?
0.84%
Expected Dividend Yield
Dividend Yield and Payments Analysis
AGCO's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
AGCO's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
Whilst dividend payments have been stable, AGCO has been paying a dividend for less than 10 years.
Dividend payments have increased, but AGCO only paid a dividend in the past 7 years.
Current Payout to Shareholders
Dividends paid are thoroughly covered by earnings (8x coverage).
Future Payout to Shareholders
Dividends after 3 years are expected to be thoroughly covered by earnings (8.9x coverage).
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Management
What is the CEO of AGCO's salary, the management and board of directors tenure and is there insider trading?
6.3yrs
Average management tenure
CEO
Martin Richenhagen (66yo)
15.2yrs
Tenure
US$20,648,619
Compensation
Prof. Dr. Martin H. Richenhagen has been Director of Linde plc since October 22, 2018. He has been the Chairman of AGCO Corporation since August 15, 2006 and has been its President and Chief Executive Offi ...
CEO Compensation Analysis
Martin's remuneration is higher than average for companies of similar size in United States of America.
Martin's compensation has been consistent with company performance over the past year, both up more than 20%.
Management Age and Tenure
6.3yrs
Average Tenure
54.5yo
Average Age
The average tenure for the AGCO management team is over 5 years, this suggests they are a seasoned and experienced team.
Board Age and Tenure
11.7yrs
Average Tenure
67.5yo
Average Age
The average tenure for the AGCO board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Insider Trading
AGCO individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 5,000 |
| Max Price | US$72.96 |
| Entity | Individual |
| Role | Senior Key Executive Senior VP and GM of Europe & Middle East |
| Shares | 825 |
| Max Price | US$73.10 |
| Entity | Individual |
| Role | Senior Key Executive Senior VP and GM of Europe & Middle East |
| Shares | 4,651 |
| Max Price | US$72.77 |
| Entity | Individual |
| Role | Chief Accounting Officer VP & Chief Accounting Officer |
| Shares | 2,326 |
| Max Price | US$73.05 |
| Entity | Individual |
| Role | Senior Key Executive Senior VP & GM of Americas |
| Shares | 21,767 |
| Max Price | US$72.86 |
| Entity | Individual |
| Shares | 3,300 |
| Max Price | US$68.00 |
| Entity | Individual |
| Shares | 6,600 |
| Max Price | US$66.50 |
| Entity | Individual |
| Role | Chief Accounting Officer VP & Chief Accounting Officer |
| Shares | 2,100 |
| Max Price | US$66.31 |
| Entity | Individual |
| Shares | 5,000 |
| Max Price | US$64.44 |
| Entity | Individual |
| Shares | 3,300 |
| Max Price | US$65.00 |
| Entity | Individual |
| Shares | 2,070 |
| Max Price | US$56.64 |
Ownership Breakdown
Management Team
Andy Beck (55yo)
Senior VP & CFO
- Tenure: 17.3yrs
- Compensation: US$3.00m
Martin Richenhagen (66yo)
Chairman
- Tenure: 15.2yrs
- Compensation: US$20.65m
Robert Crain (59yo)
Senior VP & GM of Americas
- Tenure: 13.7yrs
- Compensation: US$3.18m
Hans-Bernd Veltmaat (64yo)
Senior VP & Chief Supply Chain Officer
- Tenure: 11.2yrs
- Compensation: US$3.06m
Greg Peterson
Vice President of Investor Relations
- Tenure: 0yrs
Ulrich Stockheim
Chief Communications Officer
- Tenure: 1.9yrs
Eric Hansotia (50yo)
Senior VP & COO
- Tenure: 0.7yrs
Rob Smith (54yo)
Senior VP and GM of Europe & Middle East
- Tenure: 6yrs
- Compensation: US$2.48m
Roger Batkin (50yo)
Senior VP
- Tenure: 6.3yrs
Lara Long (49yo)
VP & Chief Accounting Officer
- Tenure: 1.3yrs
Board Members
Gerry Shaheen (74yo)
Lead Director
- Tenure: 0yrs
- Compensation: US$279.71k
Mike Arnold (63yo)
Director
- Tenure: 5.9yrs
- Compensation: US$222.31k
Roy Armes (66yo)
Director
- Tenure: 5.9yrs
- Compensation: US$226.15k
Wolfgang Deml (73yo)
Director
- Tenure: 20.6yrs
- Compensation: US$245.07k
Hendrikus Visser (74yo)
Director
- Tenure: 19.4yrs
- Compensation: US$249.04k
George Minnich (69yo)
Director
- Tenure: 11.7yrs
- Compensation: US$254.50k
Martin Richenhagen (66yo)
Chairman
- Tenure: 15.2yrs
- Compensation: US$20.65m
Suzanne Clark (51yo)
Director
- Tenure: 2.4yrs
- Compensation: US$223.55k
Mallika Srinivasan (60yo)
Director
- Tenure: 8.2yrs
- Compensation: US$220.00k
P. Benson (72yo)
Director
- Tenure: 14.8yrs
- Compensation: US$238.44k
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$5.802b
- Shares outstanding: 76.24m
- 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. The company offers high horsepower tractors for larger farms, primarily for row crop production ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/09/18 23:30 |
| End of Day Share Price | 2019/09/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.