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Corteva Inc Stock Research

CTVA

56.84USD+0.03(+0.05%)Market Closed

Market Summary

USD56.84+0.03
Market Closed
0.05%

CTVA Alerts

CTVA Stock Price

CTVA RSI Chart

CTVA Valuation

Market Cap

40.6B

Price/Earnings (Trailing)

35.35

Price/Sales (Trailing)

2.32

EV/EBITDA

14.19

Price/Free Cashflow

46.5

CTVA Price/Sales (Trailing)

CTVA Profitability

EBT Margin

8.17%

Return on Equity

4.53%

Return on Assets

2.69%

Free Cashflow Yield

2.15%

CTVA Fundamentals

CTVA Revenue

Revenue (TTM)

17.5B

Revenue Y/Y

9.95%

Revenue Q/Q

37.74%

CTVA Earnings

Earnings (TTM)

1.1B

Earnings Y/Y

-134.59%

Earnings Q/Q

83.38%

Price Action

52 Week Range

49.5667.96
(Low)(High)

Last 7 days

-0.2%

Last 30 days

-8.2%

Last 90 days

-4.3%

Trailing 12 Months

-1.9%

CTVA Financial Health

Current Ratio

1.56

Debt/Equity

0.05

Debt/Cashflow

0.68

CTVA Investor Care

Dividend Yield

1.02%

Dividend/Share (TTM)

0.58

Buy Backs (1Y)

1.80%

Diluted EPS (TTM)

1.58

Peers (Alternatives to Corteva)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
54.7B
22.1B
-4.84% -14.85%
27.08
2.47
11.05% 8.35%
45.6B
14.2B
0.70% -8.70%
41.79
3.22
11.42% -3.38%
40.6B
17.5B
-8.23% -1.88%
35.35
2.32
11.50% -34.79%
26.8B
17.7B
-2.51% -1.70%
24.98
1.52
5.06% -28.70%
21.5B
12.4B
-11.63% -33.70%
-11.53
1.73
6.73% -768.10%
MID-CAP
6.9B
9.4B
-13.84% -1.19%
5.17
0.73
5.23% 2.33%
5.8B
1.3B
-3.31% 9.38%
13.89
4.54
15.56% -0.33%
5.3B
4.9B
-2.29% 14.60%
26.11
1.1
10.60% -27.40%
4.9B
8.0B
-7.01% -33.03%
10.74
0.62
4.60% -55.98%
2.4B
999.6M
1.27% 44.25%
215.39
2.37
3.34% -90.08%
2.3B
2.8B
-5.07% -0.99%
15.33
0.81
18.21% 6.78%
SMALL-CAP
232.0M
-
0.72% 17.91%
25.81
0.77
- -
140.6M
377.4M
4.51% 47.79%
11.52
0.37
22.73% 161.25%

Financials for Corteva

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue2.0%17,45517,10916,70316,07815,655
  S&GA Expenses-1.3%3,1733,2153,2303,2113,209
  R&D Expenses2.0%1,2161,1921,1771,1741,187
EBITDA19.6%2,7242,2782,8042,897-
EBITDA Margin14.4%0.16*0.14*0.17*0.19*-
Earnings Before Taxes-23.9%1,4261,8742,2782,2532,346
EBT Margin-25.4%0.08*0.11*0.14*0.14*-
Interest Expenses150.0%75.0030.00---
Net Income-16.1%1,1471,3671,7281,7291,759
Net Income Margin-17.8%0.07*0.08*0.10*0.11*-
Free Cahsflow-37.7%8721,4001,7491,947-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets4.8%42,61840,65140,90642,63342,344
  Current Assets11.6%16,79515,04514,76415,87815,546
    Cash Equivalents45.1%3,1912,1992,4012,0314,459
  Inventory25.8%6,8115,4154,1844,9865,180
  Net PPE1.6%4,2544,1854,3004,3334,329
  Goodwill1.7%9,9629,7919,98710,10910,107
  Current Liabilities20.5%10,7448,9187,8569,6539,558
  Long Term Debt0.5%1,2831,2771,2831,1541,100
    LT Debt, CurrentNaN%---1.00-
Shareholder's Equity1.8%25,30224,84426,07125,93625,384
  Retained Earnings-59.3%2506141,252750524
  Additional Paid-In Capital0.1%27,85127,81527,79527,76027,751
Accumulated Depreciation0.9%4,2974,2594,2324,1504,035
Shares Outstanding-0.4%713716719725727
Minority Interest-0.4%239240240240239
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-37.7%8721,4001,7491,9472,727
Cashflow From Investing-5.3%-632-600-780-802-362
Cashflow From Financing-21.9%-1,180-968-1,133-1,373-1,266
  Dividend Payments-9.7%-418-381-386-392-397
  Buy Backs0%1,0001,0001,000835950

Risks for CTVA

What is the probability of a big loss on CTVA?

24.3%


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

0%


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

0%


Probability that Corteva 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 CTVA drawdown profile look like?

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

Drawdowns

Returns for CTVA

Cumulative Returns on CTVA

38.3%


3-Year Cumulative Returns

Which funds bought or sold CTVA recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
added
56.6
403,116
1,064,120
0.03%
2023-03-10
MATHER GROUP, LLC.
added
0.62
24,788
748,788
0.01%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-54.99
-128,371,000
110,645,000
0.12%
2023-03-08
Capital Asset Advisory Services LLC
added
0.21
25,208
856,208
0.07%
2023-03-07
Great Lakes Retirement, Inc.
new
-
242,617
242,617
0.06%
2023-03-06
BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL
unchanged
-
22,573
815,573
0.31%
2023-03-06
NORTH STAR ASSET MANAGEMENT INC
new
-
223,482
223,482
0.01%
2023-03-06
Rockefeller Capital Management L.P.
added
7.59
187,000
1,943,000
0.01%
2023-03-03
TIAA, FSB
reduced
-5.17
-18,714
726,286
-%
2023-03-02
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA
new
-
2,384,530
2,384,530
0.03%

1–10 of 49

Latest Funds Activity

Are funds buying CTVA calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own CTVA
No. of Funds

Corteva News

Best Stocks

Brokerages have given Corteva, Inc. (NYSE:CTVA) a consensus ....

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2 hours ago

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InvestorsObserver

Investor's Business Daily

Schedule 13G FIlings of Corteva

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
11.44%
82,226,470
SC 13G/A
Feb 03, 2023
blackrock inc.
8.4%
60,186,650
SC 13G/A
Feb 03, 2023
state street corp
4.72%
33,946,407
SC 13G/A
Feb 14, 2022
state street corp
5.11%
37,315,246
SC 13G/A
Feb 09, 2022
vanguard group inc
10.88%
79,487,323
SC 13G/A
Feb 07, 2022
blackrock inc.
8.2%
59,759,602
SC 13G/A
Feb 12, 2021
state street corp
5.68%
42,528,693
SC 13G
Feb 10, 2021
vanguard group inc
11.36%
85,050,272
SC 13G/A
Jan 29, 2021
blackrock inc.
8.7%
64,556,175
SC 13G/A
Mar 06, 2020
vanguard group inc
10.04%
75,224,938
SC 13G/A

CTVA Fair Value

Corteva fair value in different scenarios

The table shows the Fair Value estimates for Corteva for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

22.58

-60.27%

33.01

-41.92%

43.93

-22.71%

57.56

1.27%

69.83

22.85%
Current Inflation

20.75

-63.49%

29.68

-47.78%

38.75

-31.83%

50.10

-11.86%

60.28

6.05%
Very High Inflation

18.48

-67.49%

25.67

-54.84%

32.69

-42.49%

41.49

-27.01%

49.36

-13.16%

Historical Corteva Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Corteva

View All Filings
Date Filed Form Type Document
Mar 10, 2023
ARS
ARS
Mar 10, 2023
DEF 14A
DEF 14A
Mar 10, 2023
DEFA14A
DEFA14A
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading

Latest Insider Trading transactions for CTVA

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-02-28
Eathington Samuel R
acquired
-
-
4,496
see remarks
2023-02-28
Magro Charles V.
acquired
-
-
32,911
chief executive officer
2023-02-28
FUERER CORNEL B
acquired
-
-
4,496
svp, gen counsel and secretary
2023-02-28
ANDERSON DAVID J
acquired
-
-
9,954
evp, chief financial officer
2023-02-28
GLENN TIMOTHY P
acquired
-
-
5,459
evp, seed business unit
2023-02-28
Grimm Audrey
acquired
-
-
2,810
see remarks
2023-02-28
King Robert D.
acquired
-
-
4,817
evp, crop protection business
2023-02-28
TITUS BRIAN
acquired
-
-
964
see remarks
2023-02-26
Grimm Audrey
sold (taxes)
-7,520
61.145
-123
see remarks
2023-02-26
TITUS BRIAN
sold (taxes)
-45,675
61.145
-747
see remarks

1–10 of 50

Charles V. Magro
21000
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. It offers trait technologies that enhance resistance to weather, disease, insects, and herbicides used to control weeds, as well as food and nutritional characteristics. This segment also provides digital solutions that assist farmer decision-making with a view to optimize product selection, and maximize yield and profitability. The Crop Protection segment offers products that protect against weeds, insects and other pests, and diseases, as well as enhances crop health above and below ground through nitrogen management and seed-applied technologies. This segment provides herbicides, insecticides, nitrogen stabilizers, and pasture and range management herbicides. It serves agricultural input industry. The company operates in the United States, Canada, Latin America, the Asia Pacific, Europe, the Middle East, and Africa. Corteva, Inc. was incorporated in 2018 and is headquartered in Indianapolis, Indiana.

CTVA Income Statement

2022-09-30
Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Net Sales$ 2,777$ 2,371$ 13,630$ 12,176
Cost of Goods Sold1,8791,5587,9266,988
Research and Development Expense312297876871
Selling, General and Administrative Expenses6576722,4092,403
Amortization of Intangibles178180536543
Restructuring and Asset related charges, net15226300261
Other income - net23378891,013
Interest Expense1884322
Income from continuing operations before income taxes(396)81,6292,101
Provision for (benefit from) income taxes on continuing operations(74)(28)372434
Income from continuing operations after income taxes(322)361,2571,667
Income (loss) from discontinued operations after income taxes(6)(4)(46)(59)
Net income(328)321,2111,608
Net income attributable to noncontrolling interests3298
Net income attributable to Corteva$ (331)$ 30$ 1,202$ 1,600
Basic earnings (loss) per share of common stock from continuing operations$ (0.45)$ 0.05$ 1.73$ 2.25
Basic earnings (loss) per share of common stock from discontinued operations(0.01)(0.01)(0.06)(0.08)
Basic earnings (loss) per share of common stock(0.46)0.041.672.17
Diluted earnings (loss) per share of common stock from continuing operations(0.45)0.051.722.23
Diluted earnings (loss) per share of common stock from discontinued operations(0.01)(0.01)(0.06)(0.08)
Diluted earnings (loss) per share of common stock$ (0.46)$ 0.04$ 1.66$ 2.15
EID [Member]    
Net Sales$ 2,777$ 2,371$ 13,630$ 12,176
Cost of Goods Sold1,8791,5587,9266,988
Research and Development Expense312297876871
Selling, General and Administrative Expenses6576722,4092,403
Amortization of Intangibles178180536543
Restructuring and Asset related charges, net15226300261
Other income - net23378891,013
Interest Expense32197661
Income from continuing operations before income taxes(410)(3)1,5962,062
Provision for (benefit from) income taxes on continuing operations(77)(30)364425
Income from Continuing Operations After Taxes(333)271,2321,637
Income (loss) from discontinued operations after income taxes(6)(4)(46)(59)
Net income(339)231,1861,578
Net income attributable to noncontrolling interests0(1)10
Net income attributable to Corteva$ (339)$ 24$ 1,185$ 1,578

CTVA Balance Sheet

2022-09-30
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Sep. 30, 2021
Cash and cash equivalents$ 2,199$ 4,459$ 2,779
Marketable Securities11986103
Accounts and notes receivable - net6,2734,8115,818
Inventories5,4155,1804,417
Other current assets1,0391,0101,029
Total current assets15,04515,54614,146
Investments in nonconsolidated affiliates917667
Property, Plant and Equipment8,4448,3648,270
Less: Accumulated Depreciation4,2594,0353,960
Net Property, Plant and Equipment4,1854,3294,310
Goodwill9,79110,10710,130
Other intangible assets9,46110,04410,225
Deferred Income Taxes407438448
Other assets1,6711,8041,796
Total Assets40,65142,34441,122
Short-term borrowings and finance lease obligations1,576171,372
Accounts payable4,1404,1263,512
Income Taxes Payable22714695
Deferred Revenue8603,201692
Accrued and other current liabilities2,1152,0682,134
Total current liabilities8,9189,5587,805
Long-term Debt1,2771,1001,101
Deferred income tax liabilities1,1231,220930
Pension and other post employment benefits - noncurrent2,6283,1244,583
Other noncurrent obligations1,6211,7191,724
Total noncurrent liabilities6,6497,1638,338
Common stock777
Additional Paid in Capital27,81527,75127,712
Retained earnings614524666
Accumulated other comprehensive income (loss)(3,592)(2,898)(3,645)
Total stockholders' equity attributable to the company24,84425,38424,740
Noncontrolling Interests240239239
Total Equity25,08425,62324,979
Liabilities and Equity40,65142,34441,122
EID [Member]   
Cash and cash equivalents2,1994,4592,779
Marketable Securities11986103
Accounts and notes receivable - net6,2734,8115,818
Inventories5,4155,1804,417
Other current assets1,0391,0101,029
Total current assets15,04515,54614,146
Investments in nonconsolidated affiliates917667
Property, Plant and Equipment8,4448,3648,270
Less: Accumulated Depreciation4,2594,0353,960
Net Property, Plant and Equipment4,1854,3294,310
Goodwill9,79110,10710,130
Other intangible assets9,46110,04410,225
Deferred Income Taxes407438448
Other assets1,6711,8041,796
Total Assets40,65142,34441,122
Short-term borrowings and finance lease obligations1,576171,372
Accounts payable4,1404,1263,512
Income Taxes Payable22714695
Deferred Revenue8603,201692
Accrued and other current liabilities2,1342,0702,147
Total current liabilities8,9379,5607,818
Long-term Debt1,2771,1001,101
Long Term Debt - Related Party1,0662,1622,443
Deferred income tax liabilities1,1231,220930
Pension and other post employment benefits - noncurrent2,6283,1244,583
Other noncurrent obligations1,6211,7191,724
Total noncurrent liabilities7,7159,32510,781
Common stock000
Additional Paid in Capital24,25224,19624,158
Retained earnings3,0981,9221,771
Accumulated other comprehensive income (loss)(3,592)(2,898)(3,645)
Total stockholders' equity attributable to the company23,99723,45922,523
Noncontrolling Interests200
Total Equity23,99923,45922,523
Liabilities and Equity40,65142,34441,122
EID [Member] | $4.50 Series Preferred Stock [Member]   
Preferred Stock169169169
EID [Member] | $3.50 Series Preferred Stock [Member]   
Preferred Stock$ 70$ 70$ 70