CNH Industrial NV
MIL:CNHI
Intrinsic Value
CNH Industrial NV designs, produces and sells agricultural equipment and commercial vehicles. [ Read More ]
The intrinsic value of one CNHI stock under the Base Case scenario is 13.917 EUR. Compared to the current market price of 11.045 EUR, CNH Industrial NV is Undervalued by 21%.
Valuation Backtest
CNH Industrial NV
Run backtest to discover the historical profit from buying and selling CNHI stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Company Navigates Declining Sales with Strategic Adjustments
2023-Q4 Earnings Call
In a challenging market with a 2% decrease in Q4 revenues and softened industrial net sales by 8% in agriculture, the company expanded its industrial EBIT margin by nearly 1% and grew adjusted net income by 15%. Full year earnings saw EBIT rise 12% with a margin growth to 12.4% even though sales were up only 3%. The company ended almost net debt-free with a solid full year free cash flow of $1.2 billion. For FY 2024, the company is bracing for lower demand in agriculture and construction, projecting an 8-12% decrease in industrial net sales. To counter these headwinds, they've authorized a $500 million share repurchase program and are focusing on margin resiliency and cost-saving initiatives, targeting an EBIT margin of 14-15% in agriculture and 5-6% in construction. The company's 2024 financial assumptions include net price realizations around 1% and a free cash flow forecast of $1.2 billion to $1.4 billion, with an EPS expectation of $1.50 to $1.60.
Balance Sheet Decomposition
CNH Industrial NV
Current Assets | 30.9B |
Cash & Short-Term Investments | 4.7B |
Receivables | 20.3B |
Other Current Assets | 5.9B |
Non-Current Assets | 9.2B |
Long-Term Investments | 408m |
PP&E | 3.3B |
Intangibles | 5.2B |
Other Non-Current Assets | 355m |
Current Liabilities | 15.5B |
Accounts Payable | 3.7B |
Accrued Liabilities | 918m |
Other Current Liabilities | 10.9B |
Non-Current Liabilities | 17B |
Long-Term Debt | 13.6B |
Other Non-Current Liabilities | 3.4B |
Earnings Waterfall
CNH Industrial NV
Revenue
|
24.6B
USD
|
Cost of Revenue
|
-18.8B
USD
|
Gross Profit
|
5.8B
USD
|
Operating Expenses
|
-2.7B
USD
|
Operating Income
|
3.1B
USD
|
Other Expenses
|
-849m
USD
|
Net Income
|
2.2B
USD
|
Free Cash Flow Analysis
CNH Industrial NV
What is Free Cash Flow?
CNHI Profitability Score
Profitability Due Diligence
CNH Industrial NV's profitability score is 52/100. The higher the profitability score, the more profitable the company is.
Score
CNH Industrial NV's profitability score is 52/100. The higher the profitability score, the more profitable the company is.
CNHI Solvency Score
Solvency Due Diligence
CNH Industrial NV's solvency score is 47/100. The higher the solvency score, the more solvent the company is.
Score
CNH Industrial NV's solvency score is 47/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
CNHI Price Targets Summary
CNH Industrial NV
According to Wall Street analysts, the average 1-year price target for CNHI is 15.2 EUR .
Shareholder Return
CNHI Price
CNH Industrial NV
Average Annual Return | 22.78% |
Standard Deviation of Annual Returns | 28.89% |
Max Drawdown | -54% |
Market Capitalization | 14.8B EUR |
Shares Outstanding | 1 355 000 000 |
Percentage of Shares Shorted |
N/A
|
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
CNH Industrial NV designs, produces and sells agricultural equipment and commercial vehicles. The firm is engaged in the design, production, marketing, sale and financing of agricultural and construction equipment. Its segments include Agriculture, which designs, produces and sells agricultural equipment; Construction, which designs, produces and sells construction equipment, and related Financial Services, which provides financial services to the customers of the Company's products.
Contact
IPO
Employees
Officers
The intrinsic value of one CNHI stock under the Base Case scenario is 13.917 EUR.
Compared to the current market price of 11.045 EUR, CNH Industrial NV is Undervalued by 21%.