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Corteva Inc
NYSE:CTVA

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Corteva Inc Logo
Corteva Inc
NYSE:CTVA
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Price: 55.33 USD -0.31% Market Closed
Updated: Jul 18, 2024
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Intrinsic Value

Corteva, Inc. is a global provider of seed and crop protection solutions focused on the agriculture industry and contributing to food supply. [ Read More ]

The intrinsic value of one CTVA stock under the Base Case scenario is 57.36 USD. Compared to the current market price of 55.33 USD, Corteva Inc is Undervalued by 4%.

Key Points:
CTVA Intrinsic Value
Base Case
57.36 USD
Undervaluation 4%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Corteva Inc

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Fundamental Analysis

Corteva Reaffirms 2024 Guidance Despite Challenges
Earnings Call Summary

Corteva Reaffirms 2024 Guidance Despite Challenges

Corteva Agriscience reported mixed first-quarter results, with sales and operating EBITDA down versus last year, primarily due to declines in Crop Protection sales. However, Seed segment sales rose 2% to $2.8 billion, driven by price gains despite volume drops in some regions. The company expects sales to be down slightly and EBITDA flat to slightly lower in the first half of 2024, but projects double-digit growth in the second half. Full-year 2024 operating EBITDA is guided at $3.5 billion to $3.7 billion, supported by cost-saving measures and market improvements【4:0†source】【4:1†source】【4:4†source】.

Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Corteva Inc

Current Assets 17.2B
Cash & Short-Term Investments 1.7B
Receivables 7.9B
Other Current Assets 7.6B
Non-Current Assets 26.5B
Long-Term Investments 123m
PP&E 4.2B
Intangibles 20B
Other Non-Current Assets 2.1B
Current Liabilities 11.3B
Accounts Payable 3.6B
Accrued Liabilities 2.6B
Short-Term Debt 2B
Other Current Liabilities 3.2B
Non-Current Liabilities 7.5B
Long-Term Debt 2.5B
Other Non-Current Liabilities 5B
Efficiency

Earnings Waterfall
Corteva Inc

Revenue
16.8B USD
Cost of Revenue
-9.7B USD
Gross Profit
7.1B USD
Operating Expenses
-5.2B USD
Operating Income
1.9B USD
Other Expenses
-1.3B USD
Net Income
559m USD

Free Cash Flow Analysis
Corteva Inc

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

CTVA Profitability Score
Profitability Due Diligence

Corteva Inc's profitability score is 50/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive Free Cash Flow
Positive 3-Years Revenue Growth
Positive Revenue Growth Forecast
50/100
Profitability
Score

Corteva Inc's profitability score is 50/100. The higher the profitability score, the more profitable the company is.

CTVA Solvency Score
Solvency Due Diligence

Corteva Inc's solvency score is 56/100. The higher the solvency score, the more solvent the company is.

Low D/E
Long-Term Solvency
Short-Term Solvency
Positive Net Debt
56/100
Solvency
Score

Corteva Inc's solvency score is 56/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

CTVA Price Targets Summary
Corteva Inc

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

According to Wall Street analysts, the average 1-year price target for CTVA is 64.5 USD with a low forecast of 54.54 USD and a high forecast of 72.45 USD.

Lowest
Price Target
54.54 USD
1% Downside
Average
Price Target
64.5 USD
17% Upside
Highest
Price Target
72.45 USD
31% Upside
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Competitive Landscape

Ownership

CTVA Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Price Appreciation

CTVA Price
Corteva Inc

1M 1M
+7%
6M 6M
+25%
1Y 1Y
+0%
3Y 3Y
+38%
5Y 5Y
+119%
10Y 10Y
+101%
Annual Price Range
55.33
52w Low
43.55
52w High
57.83
Price Metrics
Average Annual Return 23.88%
Standard Deviation of Annual Returns 11.25%
Max Drawdown -35%
Shares Statistics
Market Capitalization 38.8B USD
Shares Outstanding 696 980 000
Percentage of Shares Shorted 1.36%

CTVA Return Decomposition
Main factors of price return

What is price return decomposition?

CTVA News

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Company Profile

Corteva Inc Logo
Corteva Inc

Country

United States of America

Industry

Chemicals

Market Cap

38.8B USD

Dividend Yield

1.16%

Description

Corteva, Inc. is a global provider of seed and crop protection solutions focused on the agriculture industry and contributing to food supply. The company is headquartered in Indianapolis, Indiana and currently employs 21,000 full-time employees. The company went IPO on 2019-05-24. Its seed segment is engaged in developing and supplying germplasm and traits that produce optimum yields for farms around the world. This segment offers trait technologies that improve resistance to weather, disease, insects and herbicides used to control weeds, and trait technologies that enhance food and nutritional characteristics, and provides digital solutions that assist farmers in decision-making. Its crop protection segment serves the global agricultural input industry with products that protect against weeds, insects and other pests, and disease, and that improve overall crop health both above and below ground through nitrogen management and seed-applied technologies. This segment provides herbicides, insecticides, nitrogen stabilizers and pasture and range management herbicides. Its portfolio of brands includes CLOSER, DELEGATE, Pioneer, Brevant seeds and others.

Contact

INDIANA
Indianapolis
9330 Zionsville Road
+18332678382.0
https://www.corteva.com

IPO

2019-05-24

Employees

21 000

Officers

CEO & Director
Mr. Charles Victor Magro B.Sc. (Chem), MBA
Executive VP & CFO
Mr. David John Anderson B.S., M.B.A.
Executive VP & Chief Technology and Digital Officer
Dr. Samuel R. Eathington Ph.D.
Executive Vice President of Seed Business Unit
Mr. Timothy P. Glenn
Executive Vice President of Crop Protection Business Unit
Mr. Robert King
VP, Controller & Principal Accounting Officer
Mr. Brian Titus
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Vice President of Investor Relations
Kimberly Booth
Senior VP, Secretary & General Counsel
Mr. Cornel B. Fuerer
Senior VP, Chief HR & Diversity Officer
Ms. Audrey Grimm
Senior VP & Chief Strategy Officer
Ms. Brook Cunningham
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See Also

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

The intrinsic value of one CTVA stock under the Base Case scenario is 57.36 USD.

Is CTVA stock undervalued or overvalued?

Compared to the current market price of 55.33 USD, Corteva Inc is Undervalued by 4%.