Corteva Statistics
Total Valuation
Corteva has a market cap or net worth of $39.02 billion. The enterprise value is $42.00 billion.
| Market Cap | 39.02B |
| Enterprise Value | 42.00B |
Important Dates
The last earnings date was Wednesday, May 1, 2024, after market close.
| Earnings Date | May 1, 2024 |
| Ex-Dividend Date | Jun 4, 2024 |
Share Statistics
Corteva has 696.98 million shares outstanding. The number of shares has decreased by -1.55% in one year.
| Shares Outstanding | 696.98M |
| Shares Change (YoY) | -1.55% |
| Shares Change (QoQ) | -0.42% |
| Owned by Insiders (%) | 0.10% |
| Owned by Institutions (%) | 83.96% |
| Float | 695.49M |
Valuation Ratios
The trailing PE ratio is 70.89 and the forward PE ratio is 17.51. Corteva's PEG ratio is 2.35.
| PE Ratio | 70.89 |
| Forward PE | 17.51 |
| PS Ratio | 2.32 |
| Forward PS | 2.13 |
| PB Ratio | 1.58 |
| P/FCF Ratio | 20.77 |
| PEG Ratio | 2.35 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 19.79, with an EV/FCF ratio of 22.35.
| EV / Earnings | 75.14 |
| EV / Sales | 2.50 |
| EV / EBITDA | 19.79 |
| EV / EBIT | 47.14 |
| EV / FCF | 22.35 |
Financial Position
The company has a current ratio of 1.52, with a Debt / Equity ratio of 0.19.
| Current Ratio | 1.52 |
| Quick Ratio | 0.84 |
| Debt / Equity | 0.19 |
| Debt / EBITDA | 2.19 |
| Debt / FCF | 2.47 |
| Interest Coverage | 3.67 |
Financial Efficiency
Return on equity (ROE) is 2.20% and return on invested capital (ROIC) is 4.45%.
| Return on Equity (ROE) | 2.20% |
| Return on Assets (ROA) | 1.30% |
| Return on Capital (ROIC) | 4.45% |
| Revenue Per Employee | $748,178 |
| Profits Per Employee | $24,844 |
| Employee Count | 22,500 |
| Asset Turnover | 0.39 |
| Inventory Turnover | 1.52 |
Taxes
In the past 12 months, Corteva has paid $89.00 million in taxes.
| Income Tax | 89.00M |
| Effective Tax Rate | 13.73% |
Stock Price Statistics
The stock price has decreased by -1.70% in the last 52 weeks. The beta is 0.78, so Corteva's price volatility has been lower than the market average.
| Beta (1Y) | 0.78 |
| 52-Week Price Change | -1.70% |
| 50-Day Moving Average | 55.83 |
| 200-Day Moving Average | 51.12 |
| Relative Strength Index (RSI) | 49.04 |
| Average Volume (30 Days) | 3,289,018 |
Short Selling Information
The latest short interest is 10.20 million, so 1.46% of the outstanding shares have been sold short.
| Short Interest | 10.20M |
| Short Previous Month | 9.54M |
| Short % of Shares Out | 1.46% |
| Short % of Float | 1.47% |
| Short Ratio (days to cover) | 3.90 |
Income Statement
In the last 12 months, Corteva had revenue of $16.83 billion and earned $559.00 million in profits. Earnings per share was $0.79.
| Revenue | 16.83B |
| Gross Profit | 7.14B |
| Operating Income | 1.52B |
| Pretax Income | 648.00M |
| Net Income | 559.00M |
| EBITDA | 2.12B |
| EBIT | 891.00M |
| Earnings Per Share (EPS) | $0.79 |
Balance Sheet
The company has $1.66 billion in cash and $4.64 billion in debt, giving a net cash position of -$2.98 billion or -$4.28 per share.
| Cash & Cash Equivalents | 1.66B |
| Total Debt | 4.64B |
| Net Cash | -2.98B |
| Net Cash Per Share | -$4.28 |
| Equity / Book Value | 24.77B |
| Book Value Per Share | 35.53 |
| Working Capital | 5.83B |
Cash Flow
In the last 12 months, operating cash flow was $2.47 billion and capital expenditures -$592.00 million, giving a free cash flow of $1.88 billion.
| Operating Cash Flow | 2.47B |
| Capital Expenditures | -592.00M |
| Free Cash Flow | 1.88B |
| FCF Per Share | $2.68 |
Margins
Gross margin is 42.38%, with operating and profit margins of 9.02% and 3.32%.
| Gross Margin | 42.38% |
| Operating Margin | 9.02% |
| Pretax Margin | 3.85% |
| Profit Margin | 3.32% |
| EBITDA Margin | 12.61% |
| EBIT Margin | 5.29% |
| FCF Margin | 11.16% |
Dividends & Yields
This stock pays an annual dividend of $0.64, which amounts to a dividend yield of 1.14%.
| Dividend Per Share | $0.64 |
| Dividend Yield | 1.14% |
| Dividend Growth (YoY) | 6.67% |
| Years of Dividend Growth | 5 |
| Payout Ratio | 81.01% |
| Buyback Yield | 1.55% |
| Shareholder Yield | 2.69% |
| Earnings Yield | 1.43% |
| FCF Yield | 4.82% |
Analyst Forecast
The average price target for Corteva is $62.81, which is 12.16% higher than the current price. The consensus rating is "Buy".
| Price Target | $62.81 |
| Price Target Difference | 12.16% |
| Analyst Consensus | Buy |
| Analyst Count | 23 |
| Revenue Growth Forecast (5Y) | 3.00% |
| EPS Growth Forecast (5Y) | 31.63% |
Stock Splits
This stock does not have any record of stock splits.
| Last Split Date | n/a |
| Split Type | n/a |
| Split Ratio | n/a |
Scores
Corteva has an Altman Z-Score of 1.88 and a Piotroski F-Score of 7. A Z-score under 3 suggests an increased risk of bankruptcy.
| Altman Z-Score | 1.88 |
| Piotroski F-Score | 7 |