| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 5/6 |
| Dividends | 2/6 |
CTVA Stock Overview
Corteva, Inc. operates in the agriculture business.
Corteva Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$46.05 |
| 52 Week High | US$49.98 |
| 52 Week Low | US$36.54 |
| Beta | 0.79 |
| 1 Month Change | -0.84% |
| 3 Month Change | 9.36% |
| 1 Year Change | 16.64% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | 85.61% |
Recent News & Updates
Corteva's (NYSE:CTVA) Returns On Capital Not Reflecting Well On The Business
When we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...
Is Corteva (NYSE:CTVA) A Risky Investment?
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Here's Why We Think Corteva (NYSE:CTVA) Is Well Worth Watching
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Corteva, Inc. (NYSE:CTVA) Shares Could Be 30% Below Their Intrinsic Value Estimate
Does the November share price for Corteva, Inc. ( NYSE:CTVA ) reflect what it's really worth? Today, we will estimate...
The Momentum Investor: Spotlight On Corteva
Industrial fundamentals are strong. The company has delivered four consecutive earnings beats. The stock has had two solid days of gains on strong volume.
Shareholder Returns
| CTVA | US Chemicals | US Market | |
|---|---|---|---|
| 7D | -4.3% | -6.0% | -5.8% |
| 1Y | 16.6% | 10.1% | 4.2% |
Return vs Industry: CTVA exceeded the US Chemicals industry which returned 10.1% over the past year.
Return vs Market: CTVA exceeded the US Market which returned 4.2% over the past year.
Price Volatility
| CTVA volatility | |
|---|---|
| CTVA Average Weekly Movement | 3.9% |
| Chemicals Industry Average Movement | 5.7% |
| Market Average Movement | 6.7% |
| 10% most volatile stocks in US Market | 15.5% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: CTVA is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: CTVA's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | 21,000 | Chuck Magro | https://www.corteva.com |
Corteva, Inc. operates in the agriculture business. It operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms.
Corteva Fundamentals Summary
| CTVA fundamental statistics | |
|---|---|
| Market Cap | US$33.58b |
| Earnings (TTM) | US$1.76b |
| Revenue (TTM) | US$15.38b |
19.1x
P/E Ratio2.2x
P/S RatioIs CTVA overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CTVA income statement (TTM) | |
|---|---|
| Revenue | US$15.38b |
| Cost of Revenue | US$9.10b |
| Gross Profit | US$6.28b |
| Expenses | US$4.53b |
| Earnings | US$1.76b |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Feb 03, 2022
| Earnings per share (EPS) | 2.41 |
| Gross Margin | 40.84% |
| Net Profit Margin | 11.42% |
| Debt/Equity Ratio | 9.9% |
How did CTVA perform over the long term?
See historical performance and comparisonDividends
1.2%
Current Dividend Yield23%
Payout RatioValuation
Is Corteva undervalued compared to its fair value and its price relative to the market?
32.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CTVA ($46.05) is trading below our estimate of fair value ($68.22)
Significantly Below Fair Value: CTVA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CTVA is good value based on its PE Ratio (19.1x) compared to the US Chemicals industry average (20.5x).
PE vs Market: CTVA is poor value based on its PE Ratio (19.1x) compared to the US market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: CTVA is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: CTVA is good value based on its PB Ratio (1.4x) compared to the US Chemicals industry average (2.4x).
Future Growth
How is Corteva forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
12.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CTVA's forecast earnings growth (12.1% per year) is above the savings rate (2%).
Earnings vs Market: CTVA's earnings (12.1% per year) are forecast to grow slower than the US market (13% per year).
High Growth Earnings: CTVA's earnings are forecast to grow, but not significantly.
Revenue vs Market: CTVA's revenue (4.7% per year) is forecast to grow slower than the US market (9.1% per year).
High Growth Revenue: CTVA's revenue (4.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CTVA's Return on Equity is forecast to be low in 3 years time (8%).
Past Performance
How has Corteva performed over the past 5 years?
20.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CTVA has high quality earnings.
Growing Profit Margin: CTVA's current net profit margins (11.4%) are higher than last year (4.2%).
Past Earnings Growth Analysis
Earnings Trend: CTVA has become profitable over the past 5 years, growing earnings by 20.5% per year.
Accelerating Growth: CTVA's earnings growth over the past year (195.6%) exceeds its 5-year average (20.5% per year).
Earnings vs Industry: CTVA earnings growth over the past year (195.6%) exceeded the Chemicals industry 17.5%.
Return on Equity
High ROE: CTVA's Return on Equity (7.1%) is considered low.
Financial Health
How is Corteva's financial position?
Financial Position Analysis
Short Term Liabilities: CTVA's short term assets ($14.1B) exceed its short term liabilities ($7.8B).
Long Term Liabilities: CTVA's short term assets ($14.1B) exceed its long term liabilities ($8.3B).
Debt to Equity History and Analysis
Debt Level: CTVA has more cash than its total debt.
Reducing Debt: Insufficient data to determine if CTVA's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: CTVA's debt is well covered by operating cash flow (100.4%).
Interest Coverage: CTVA earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Corteva current dividend yield, its reliability and sustainability?
1.22%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CTVA's dividend (1.22%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.36%).
High Dividend: CTVA's dividend (1.22%) is low compared to the top 25% of dividend payers in the US market (3.57%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, CTVA has been paying a dividend for less than 10 years.
Growing Dividend: CTVA's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (22.8%), CTVA's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CTVA's dividends in 3 years are forecast to be well covered by earnings (20% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.7yrs
Average management tenure
CEO
Chuck Magro (51 yo)
0.17
Tenure
Mr. Charles Victor Magro, also known as Chuck, B.Sc. (Chem), MBA serves as Chief Executive Officer and Director for Corteva, Inc. since November 1, 2021. He had served as the President and Chief Executive...
Leadership Team
Experienced Management: CTVA's management team is considered experienced (2.7 years average tenure).
Board Members
Experienced Board: CTVA's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CTVA 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
Corteva, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Corteva, Inc.
- Ticker: CTVA
- Exchange: NYSE
- Founded: NaN
- Industry: Fertilizers and Agricultural Chemicals
- Sector: Materials
- Implied Market Cap: US$33.581b
- Shares outstanding: 728.91m
- Website: https://www.corteva.com
Number of Employees
Location
- Corteva, Inc.
- Chestnut Run Plaza 735
- PO Box 80735
- Wilmington
- Delaware
- 19805-0735
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/25 23:06 |
| End of Day Share Price | 2022/01/25 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.