Corteva, Inc. is a holding company, which engages in the provision of agricultural products. It operates through the Seed and Crop Protection segments. The Seed segment develops and supplies germplasm and traits that produce optimum yield for farms. The 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 via nitrogen management and seed-applied technologies. Its services include pasture and land management, and pest management. The company was founded on March 16, 2018 and is headquartered in Wilmington, DE.
Highlights
The net income has soared by 161% from the previous quarter and by 109% YoY
The company's EPS has surged by 160% QoQ and by 108% YoY
The company's gross profit rose by 14% YoY but it fell by 2.5% QoQ
Corteva's equity has decreased by 4.8% YoY but it has increased by 3.1% from the previous quarter
The debt is up by 21% year-on-year
Key stats
What are the main financial stats of CTVA
Market
Shares outstanding
748.57M
Market cap
$19.03B
Enterprise value
$18.85B
Valuations
Price to earnings (P/E)
37.38
Price to book (P/B)
0.77
Price to sales (P/S)
1.35
EV/EBIT
34.91
EV/EBITDA
11.51
EV/Sales
1.34
Earnings
Revenue
$14.04B
EBIT
$540M
EBITDA
$1.64B
Free cash flow
$758M
Per share
EPS
$0.68
Free cash flow per share
$1.01
Book value per share
$32.82
Revenue per share
$18.76
TBVPS
$28.12
Balance sheet
Total assets
$42.18B
Total liabilities
$17.38B
Debt
$2.63B
Equity
$24.56B
Working capital
$6.89B
Liquidity
Debt to equity
0.11
Current ratio
1.92
Quick ratio
1.28
Net debt/EBITDA
-0.11
Margins
EBITDA margin
11.7%
Gross margin
40.1%
Net margin
3.7%
Operating margin
1.6%
Efficiency
Return on assets
1.2%
Return on equity
2.1%
Return on invested capital
4.2%
Return on capital employed
1.6%
Return on sales
3.8%
Dividend
Dividend yield
2.05%
DPS
$0.52
Payout ratio
76.5%
CTVA stock price
How has the Corteva stock price performed over time
Financial performance
How have Corteva's revenue and profit performed over time
Revenue
$14.04B
Gross profit
$5.63B
Operating income
$227M
Net income
$517M
Gross margin
40.1%
Net margin
3.7%
The net margin has surged by 163% since the previous quarter and by 108% year-on-year
The net income has soared by 161% from the previous quarter and by 109% YoY
CTVA's operating income has soared by 104% year-on-year but it is down by 12% since the previous quarter
The operating margin has soared by 104% year-on-year but it is down by 11% since the previous quarter
Valuation
What is Corteva stock price valuation
P/E
37.38
P/B
0.77
P/S
1.35
EV/EBIT
34.91
EV/EBITDA
11.51
EV/Sales
1.34
The company's EPS has surged by 160% QoQ and by 108% YoY
Corteva's equity has decreased by 4.8% YoY but it has increased by 3.1% from the previous quarter
CTVA's P/B is 3.8% below its last 4 quarters average of 0.8
The P/S is 3.6% less than the last 4 quarters average of 1.4
The company's revenue fell by 2.5% QoQ but it rose by 2.4% YoY
Efficiency
How efficient is Corteva business performance
The company's return on sales has surged by 188% QoQ and by 110% YoY
The return on invested capital has surged by 188% since the previous quarter and by 150% year-on-year
The ROE has soared by 162% QoQ and by 121% YoY
Corteva's ROA has soared by 160% from the previous quarter and by 119% YoY
Dividends
What is CTVA's dividend history
DPS
$0.52
Dividend yield
2.05%
Payout ratio
76.5%
Recent dividends
Financial health
How did Corteva financials performed over time
The total assets is 143% more than the total liabilities
CTVA's quick ratio is up by 35% since the previous quarter and by 16% year-on-year
CTVA's current ratio is up by 20% QoQ and by 14% YoY
The debt is 89% smaller than the equity
Corteva's equity has decreased by 4.8% YoY but it has increased by 3.1% from the previous quarter
All financial data is based on trailing twelve months (TTM) periods - updated
quarterly, unless otherwise specified.