AGCO Corp Stock Research

Market Summary

USD138.76-0.31

Delayed

-0.22%

AGCO Stock Price

AGCO RSI Chart

AGCO Valuation

Market Cap

10.4B

Price/Earnings (Trailing)

12.19

Price/Sales (Trailing)

0.87

EV/EBITDA

8.27

Price/Free Cashflow

-575.07

AGCO Price/Sales (Trailing)

AGCO Profitability

EBT Margin

8.17%

Return on Equity

24.13%

Return on Assets

8.65%

Free Cashflow Yield

-0.17%

AGCO Fundamentals

AGCO Revenue

Revenue (TTM)

11.9B

Revenue Y/Y

14.55%

Revenue Q/Q

5.99%

AGCO Earnings

Earnings (TTM)

849.5M

Earnings Y/Y

31.22%

Earnings Q/Q

33.88%

Price Action

52 Week Range

88.19143.95

(Low)(High)

Last 7 days

1.2%

Last 30 days

1.7%

Last 90 days

12.3%

Trailing 12 Months

28.0%

AGCO Financial Health

Current Ratio

1.58

AGCO Investor Care

Dividend Yield

4.96%

Dividend/Share (TTM)

6.88

Buy Backs (1Y)

0.80%

Diluted EPS (TTM)

11.32

Peers (Alternatives to AGCO)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
DE	127.2B	52.6B	-2.52%	11.92%	17.83	2.42	19.43%	19.59%
CMI	35.1B	26.2B	3.06%	14.00%	18.1	1.34	8.97%	-14.39%
DOV	20.7B	8.4B	8.78%	-13.46%	17.74	2.47	8.57%	23.48%
TTC	11.4B	4.5B	-2.98%	17.51%	25.74	2.56	11.46%	8.16%
AGCO	10.4B	11.9B	1.73%	28.00%	12.19	0.87	11.28%	13.22%
MID-CAP
PNR	8.5B	4.1B	17.22%	-14.95%	15.86	2.06	14.99%	5.38%
LECO	8.1B	-	14.84%	31.77%	18.58	2.21	19.16%	63.71%
JBT	3.5B	2.1B	23.79%	-16.85%	27.91	1.69	14.05%	6.76%
TEX	3.4B	4.2B	19.05%	23.10%	12.79	0.81	13.76%	48.28%
KMT	2.3B	2.0B	16.69%	-14.91%	16.65	1.12	5.15%	21.65%
SMALL-CAP
ALG	1.8B	1.5B	9.00%	9.80%	19.95	1.25	13.88%	33.13%
LNN	1.8B	770.7M	-6.21%	27.53%	27.58	2.34	35.78%	53.78%
CMCO	1.0B	921.5M	10.95%	-16.83%	22.88	1.1	16.66%	83.36%
HY	533.5M	-	27.81%	-22.43%	-2.88	0.15	15.02%	-226.86%
ARTW	9.7M	28.3M	36.22%	-21.74%	41.49	0.36	22.07%	165.12%

Financials for AGCO

Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Revenue	3.4%	11,908	11,511	11,445	11,138	10,700
Gross Profit	4.3%	2,743	2,631	2,633	2,572	2,485
S&GA Expenses	1.9%	1,146	1,125	1,099	1,088	1,086
R&D Expenses	2.9%	422	410	410	406	396
EBITDA	4.9%	1,178	1,122	1,167	1,158	-
EBITDA Margin	1.4%	0.10*	0.10*	0.10*	0.10*	-
Earnings Before Taxes	6.6%	973	913	950	944	882
EBT Margin	3.0%	0.08*	0.08*	0.08*	0.08*	-
Interest Expenses	-14.9%	-8.50	-7.40	-3.70	-6.70	-8.70
Net Income	7.1%	850	793	898	897	750
Net Income Margin	3.6%	0.07*	0.07*	0.08*	0.08*	-
Free Cahsflow	74.1%	-18.00	-69.50	126	390	-

* denotes actual numbers (not divided by Millions)

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Assets	-0.7%	9,818	9,889	9,877	9,182	8,942
Current Assets	0.0%	5,702	5,704	5,637	5,014	4,808
Cash Equivalents	4.5%	607	581	656	889	537
Inventory	-1.7%	3,325	3,382	3,260	2,594	2,738
Net PPE	1.0%	1,419	1,406	1,464	1,465	1,461
Goodwill	-2.7%	1,264	1,298	1,305	1,281	1,289
Liabilities	-3.2%	6,298	6,506	6,202	5,738	5,746
Current Liabilities	-0.3%	3,618	3,631	3,435	3,455	3,549
. Short Term Borrowings	-18.4%	262	321	93	91	78
LT Debt, Current	4865.0%	99	2	2	2	225
LT Debt, Non Current	-8.5%	1,846	2,018	1,899	1,411	1,319
Shareholder's Equity	4.1%	3,520	3,383	3,675	3,416	3,196
Retained Earnings	4.3%	5,350	5,130	5,306	5,182	4,969
Additional Paid-In Capital	63.9%	22	13	3	4	4
Shares Outstanding	0.0%	75	75	75	74	75
Minority Interest	100.0%	0	0	0	28	28

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Cashflow From Operations	47.8%	324	219	399	660	714
Share Based Compensation	6.4%	32	30	28	27	32
Cashflow From Investing	-7.6%	-454.10	-422.10	-349.60	-288.40	-267.20
Cashflow From Financing	-16.5%	308	368	200	-539.50	-414.40
Dividend Payments	0.7%	401	398	361	359	356
Buy Backs	77.8%	240	135	75	-	-

Risks for AGCO

What is the probability of a big loss on AGCO?

70.8%

Probability that AGCO stock will be more than 20% underwater in next one year

36.1%

Probability that AGCO stock will be more than 30% underwater in next one year.

18.5%

Probability that AGCO stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does AGCO drawdown profile look like?

Y-axis is the maximum loss one would have experienced if AGCO was unfortunately bought at previous high price.

Drawdowns

Returns for AGCO

Cumulative Returns on AGCO

11.6%

10-Year Cumulative Returns

18.2%

7-Year Cumulative Returns

15.8%

5-Year Cumulative Returns

29.2%

3-Year Cumulative Returns

What are the long-term rolling returns for AGCO?

FIve years rolling returns for AGCO.

Annualized Returns

Which funds bought or sold AGCO recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-01-26	Symphony Financial, Ltd. Co.	new	-	767,523	767,523	0.20%
2023-01-26	Humankind Investments LLC	reduced	-10.25	193,089	848,089	0.37%
2023-01-26	Johnson Midwest Financial, LLC	unchanged	-	5,000	16,000	0.06%
2023-01-26	OREGON PUBLIC EMPLOYEES RETIREMENT FUND	added	0.13	771,705	2,510,700	0.03%
2023-01-26	STRS OHIO	added	22.78	793,000	1,821,000	0.01%
2023-01-26	Inspire Investing, LLC	reduced	-21.31	27,634	235,634	0.03%
2023-01-26	COMERICA BANK	reduced	-4.27	675,000	4,717,000	0.04%
2023-01-26	State of Tennessee, Treasury Department	added	7.78	77,000	1,611,000	0.01%
2023-01-26	Pegasus Asset Management, Inc.	reduced	-0.26	1,138,920	3,734,920	2.02%
2023-01-26	DUPONT CAPITAL MANAGEMENT CORP	added	37.57	1,414,960	2,853,960	0.14%

Latest Funds Activity

Are funds buying AGCO calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own AGCO

No. of Funds

AGCO News

Schedule 13G FIlings of AGCO

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Jan 24, 2023	blackrock inc.	9.3%	6,955,636	SC 13G
Feb 09, 2022	vanguard group inc	8.48%	6,347,044	SC 13G/A
Feb 01, 2022	blackrock inc.	7.6%	5,677,333	SC 13G/A
Mar 02, 2021	srinivasan mallika	16.15%	12,150,152	SC 13D/A
Feb 17, 2021	srinivasan mallika	16.2%	12,150,152	SC 13D/A
Feb 10, 2021	vanguard group inc	7.45%	5,577,450	SC 13G/A
Jan 29, 2021	blackrock inc.	7.0%	5,251,154	SC 13G/A
Dec 04, 2020	srinivasan mallika	16.2%	12,150,152	SC 13D/A
Nov 24, 2020	srinivasan mallika	16.2%	12,150,152	SC 13D/A
Nov 12, 2020	srinivasan mallika	16.2%	12,150,152	SC 13D/A

AGCO Fair Value

Recent SEC filings of AGCO

View All Filings

Date Filed	Form Type	Document
Jan 25, 2023	4/A	Insider Trading
Jan 24, 2023	4	Insider Trading
Jan 24, 2023	4	Insider Trading
Jan 24, 2023	4	Insider Trading
Jan 24, 2023	4	Insider Trading
Jan 24, 2023	4	Insider Trading
Jan 24, 2023	4	Insider Trading
Jan 24, 2023	4	Insider Trading
Jan 24, 2023	4	Insider Trading
Jan 24, 2023	4	Insider Trading

Latest Insider Trading transactions for AGCO

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-01-22	LONG LARA THRUSH	sold (taxes)	-10,007.6	137.09	-73	vp, chief accounting officer
2023-01-22	Crawford Seth Howard	sold (taxes)	-8,362.49	137.09	-61	svp, gm, precision ag
2023-01-22	Bennett Kelvin Eugene	sold (taxes)	-8,499.58	137.09	-62	svp, engineering
2023-01-20	LONG LARA THRUSH	sold (taxes)	-13,709	137.09	-100	vp, chief accounting officer
2023-01-20	Hansotia Eric P	sold (taxes)	-678,321	137.09	-4,948	chairman, president and ceo
2023-01-20	Caspari Stefan	sold (taxes)	-59,222.9	137.09	-432	svp gen mgr grain and protein
2023-01-20	Dehner Torsten Rudolf Willi	sold (taxes)	-5,757.78	137.09	-42	svp, gen. mgr., fendt/valtra
2023-01-20	Crawford Seth Howard	sold (taxes)	-59,360	137.09	-433	svp, gm, precision ag
2023-01-20	Harris Ivory Marie	sold (taxes)	-30,159.8	137.09	-220	svp chief hr officer
2023-01-20	Crain Robert B	sold (taxes)	-139,832	137.09	-1,020	svp, customer experience

About AGCO

Eric P. Hansotia

www.agcocorp.com

23300

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses. The company also provides grain storage bins and related drying and handling equipment systems; seed-processing systems; swine and poultry feed storage and delivery; ventilation and watering systems; and egg production systems and broiler production equipment. In addition, it offers round and rectangular balers, loader wagons, self-propelled windrowers, forage harvesters, disc mowers, spreaders, rakes, tedders, and mower conditioners for harvesting and packaging vegetative feeds used in the beef cattle, dairy, horse, and renewable fuel industries. Further, the company provides implements, including disc harrows leveling seed beds and mixing chemicals with the soils; heavy tillage to break up soil and mix crop residue into topsoil; field cultivators that prepare smooth seed bed and destroy weeds; drills for small grain seeding; planters and other planting equipment; and loaders. Additionally, it offers combines for harvesting grain crops, such as corn, wheat, soybeans, and rice; and application equipment, such as self-propelled, three- and four-wheeled vehicles, and related equipment for liquid and dry fertilizers and crop protection chemicals, and for after crops emerge from the ground, as well as produces diesel engines, gears, and generating sets. The company markets its products under the Challenger, Fendt, GSI, Massey Ferguson, and Valtra brands through a network of independent dealers and distributors. AGCO Corporation was founded in 1990 and is headquartered in Duluth, Georgia.

AGCO Income Statement

2022-09-30

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Net sales	$ 3,121.6	$ 2,725.1	$ 8,752.5	$ 7,983.1
Cost of goods sold	2,382.7	2,098.4	6,691.8	6,093.5
Gross profit	738.9	626.7	2,060.7	1,889.6
Operating expenses:
Selling, general and administrative expenses	287.5	266.1	861.1	803.0
Engineering expenses	104.7	92.8	312.1	296.3
Amortization of intangibles	14.7	14.1	45.4	45.8
Impairment charges			36.0	0.0
Restructuring expenses	1.0	1.4	4.4	7.4
Bad debt expense (credit)	(1.1)	0.4	2.1	(0.3)
Income from operations	332.1	251.9	799.6	737.4
Interest expense, net	2.3	1.2	8.6	6.8
Other expense, net	33.1	14.1	72.3	40.2
Income before income taxes and equity in net earnings of affiliates	296.7	236.6	718.7	690.4
Income tax provision	74.2	70.1	205.9	121.4
Income before equity in net earnings of affiliates	222.5	166.5	512.8	569.0
Equity in net earnings of affiliates	15.4	15.9	39.7	49.2
Net income	237.9	182.4	552.5	618.2
Net loss (income) attributable to noncontrolling interests	0.0	(1.1)	14.9	(3.3)
Net income attributable to AGCO Corporation and subsidiaries	$ 237.9	$ 181.3	$ 567.4	$ 614.9
Net income per common share attributable to AGCO Corporation and subsidiaries:
Basic (in dollars per share)	$ 3.19	$ 2.41	$ 7.60	$ 8.16
Diluted (in dollars per share)	3.18	2.40	7.58	8.11
Cash dividends declared and paid per common share (in dollars per share)	$ 0.24	$ 0.20	$ 5.16	$ 4.53
Weighted average number of common and common equivalent shares outstanding:
Basic (in shares)	74.6	75.2	74.6	75.3
Diluted (in shares)	74.9	75.6	74.9	75.8

AGCO Balance Sheet

2022-09-30

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Current Assets:
Cash, cash equivalents and restricted cash	$ 607.0	$ 889.1
Accounts and notes receivable, net	1,175.9	991.5
Inventories, net	3,324.7	2,593.7
Other current assets	593.9	539.8
Total current assets	5,701.5	5,014.1
Property, plant and equipment, net	1,419.4	1,464.8
Right-of-use lease assets	145.8	154.1
Investments in affiliates	416.5	413.5
Deferred tax assets	224.3	169.3
Other assets	279.5	293.3
Intangible assets, net	367.6	392.2
Goodwill	1,263.5	1,280.8
Total assets	9,818.1	9,182.1
Current Liabilities:
Current portion of long-term debt	99.3	2.1
Short-term borrowings	261.8	90.8
Accounts payable	1,171.4	1,078.3
Accrued expenses	1,896.9	2,062.2
Other current liabilities	188.5	221.2
Total current liabilities	3,617.9	3,454.6
Long-term debt, less current portion and debt issuance costs	1,845.7	1,411.2
Operating lease liabilities	111.9	115.5
Pension and postretirement health care benefits	199.6	209.0
Deferred tax liabilities	108.9	116.9
Other noncurrent liabilities	413.5	431.1
Total liabilities	6,297.5	5,738.3
Commitments and contingencies (Note 18)
AGCO Corporation stockholders’ equity:
Preferred stock; $0.01 par value, 1,000,000 shares authorized, no shares issued or outstanding in 2022 and 2021	0.0	0.0
Common stock; $0.01 par value, 150,000,000 shares authorized, 74,598,077 and 74,441,312 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively	0.7	0.7
Additional paid-in capital	21.8	3.9
Retained earnings	5,350.3	5,182.2
Accumulated other comprehensive loss	(1,852.4)	(1,770.9)
Total AGCO Corporation stockholders’ equity	3,520.4	3,415.9
Noncontrolling interests	0.2	27.9
Total stockholders’ equity	3,520.6	3,443.8
Total liabilities and stockholders’ equity	$ 9,818.1	$ 9,182.1