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CNH Industrial NV
MIL:CNHI

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CNH Industrial NV Logo
CNH Industrial NV
MIL:CNHI
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Price: 11.045 EUR 1.75%
Updated: Mar 28, 2024

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%.

Key Points:
CNHI Intrinsic Value
Base Case
13.917 EUR
Undervaluation 21%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
CNH Industrial NV

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Fundamental Analysis

Company Navigates Declining Sales with Strategic Adjustments
2023-Q4 Earnings Call

Company Navigates Declining Sales with Strategic Adjustments

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.

Financials

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
Efficiency

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

Last Value
3-Years Average
FCF Margin
Conversion Rate
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Fundamental Scores

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.

ROE is Increasing
Exceptional ROE
Positive Free Cash Flow
Positive 3-Year Average ROE
52/100
Profitability
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.

Short-Term Solvency
Long-Term Solvency
Average D/E
Positive Net Debt
47/100
Solvency
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

Wall Street analysts forecast CNHI stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for CNHI is 15.2 EUR .

Lowest
Price Target
Not Available
Average
Price Target
15.2 EUR
38% Upside
Highest
Price Target
Not Available
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

CNHI Price
CNH Industrial NV

1M 1M
+0%
6M 6M
-5%
1Y 1Y
-17%
3Y 3Y
+4%
5Y 5Y
+57%
10Y 10Y
+90%
Annual Price Range
11.045
52w Low
9.186
52w High
14.185
Price Metrics
Average Annual Return 22.78%
Standard Deviation of Annual Returns 28.89%
Max Drawdown -54%
Shares Statistics
Market Capitalization 14.8B EUR
Shares Outstanding 1 355 000 000
Percentage of Shares Shorted
N/A

CNHI Return Decomposition
Main factors of price return

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CNHI News

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Company Profile

CNH Industrial NV Logo
CNH Industrial NV

Country

United Kingdom

Industry

Machinery

Market Cap

14.8B EUR

Dividend Yield

3.29%

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

London
25 St. James's Street
+441268533000.0
http://www.cnhindustrial.com/

IPO

2013-09-30

Employees

71 895

Officers

Exec. Chairperson
Ms. Suzanne Heywood
CEO & Exec. Director
Mr. Scott Wellington Wine
CFO & Pres of Financial Services
Mr. Oddone Incisa Della Rocchetta
Chief Digital and Information Officer & Interim Chief Technology and Quality Officer?
Mr. Marc Kermisch
Director of Investor Relations Global
Mr. Federico Donati
Chief Legal & Compliance Officer?
Mr. Roberto Russo
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Sr. VP of Communications
Ms. Laura Overall
Sr. VP of Corp. Devel.
Mr. Michele Lombardi
Chief HR Officer
Mr. Kevin A. Barr
Pres of Agriculture
Mr. Derek James Neilson
Show Less

See Also

Discover More
What is the Intrinsic Value of one CNHI stock?

The intrinsic value of one CNHI stock under the Base Case scenario is 13.917 EUR.

Is CNHI stock undervalued or overvalued?

Compared to the current market price of 11.045 EUR, CNH Industrial NV is Undervalued by 21%.