Critical Survey: Corteva (CTVA) & Its Competitors

Corteva (NYSE:CTVAGet Rating) is one of 32 publicly-traded companies in the “Agricultural production – crops” industry, but how does it weigh in compared to its rivals? We will compare Corteva to similar businesses based on the strength of its valuation, dividends, risk, profitability, analyst recommendations, institutional ownership and earnings.

Risk & Volatility

Corteva has a beta of 0.68, indicating that its share price is 32% less volatile than the S&P 500. Comparatively, Corteva’s rivals have a beta of -28.78, indicating that their average share price is 2,978% less volatile than the S&P 500.

Insider & Institutional Ownership

79.0% of Corteva shares are held by institutional investors. Comparatively, 28.0% of shares of all “Agricultural production – crops” companies are held by institutional investors. 0.1% of Corteva shares are held by insiders. Comparatively, 22.1% of shares of all “Agricultural production – crops” companies are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Dividends

Corteva pays an annual dividend of $0.60 per share and has a dividend yield of 1.0%. Corteva pays out 25.3% of its earnings in the form of a dividend. As a group, “Agricultural production – crops” companies pay a dividend yield of 3.1% and pay out 45.4% of their earnings in the form of a dividend. Corteva has increased its dividend for 2 consecutive years.

Profitability

This table compares Corteva and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Corteva 10.31% 7.26% 4.46%
Corteva Competitors -180.98% -13.81% -9.50%

Analyst Recommendations

This is a summary of current ratings and target prices for Corteva and its rivals, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Corteva 0 1 15 0 2.94
Corteva Competitors 38 127 424 23 2.71

Corteva presently has a consensus target price of $69.00, suggesting a potential upside of 15.46%. As a group, “Agricultural production – crops” companies have a potential upside of 201.17%. Given Corteva’s rivals higher possible upside, analysts clearly believe Corteva has less favorable growth aspects than its rivals.

Valuation and Earnings

This table compares Corteva and its rivals revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Corteva $15.66 billion $1.76 billion 25.22
Corteva Competitors $1.63 billion $92.76 million 0.90

Corteva has higher revenue and earnings than its rivals. Corteva is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.

Summary

Corteva beats its rivals on 11 of the 15 factors compared.

Corteva Company Profile

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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.

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