CORTEVA INC (2X0.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:2X0 - US22052L1044 - Common Stock
56.43 EUR
+0.56 (+1%)
Taking everything into account, 2X0 scores 6 out of 10 in our fundamental rating. 2X0 was compared to 72 industry peers in the Chemicals industry. While 2X0 belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. 2X0 is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year 2X0 was profitable.
2X0 had a positive operating cash flow in the past year.
Each year in the past 5 years 2X0 has been profitable.
2X0 had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
2X0 has a Return On Assets of 3.80%. This is in the better half of the industry: 2X0 outperforms 61.11% of its industry peers.
Looking at the Return On Equity, with a value of 6.36%, 2X0 is in line with its industry, outperforming 59.72% of the companies in the same industry.
2X0 has a Return On Invested Capital (5.99%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for 2X0 is below the industry average of 7.08%.
The last Return On Invested Capital (5.99%) for 2X0 is above the 3 year average (4.97%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.8% | ||
| ROE | 6.36% | ||
| ROIC | 5.99% |
ROA(3y)2.21%
ROA(5y)2.47%
ROE(3y)3.76%
ROE(5y)4.19%
ROIC(3y)4.97%
ROIC(5y)3.98%
1.3 Margins
The Profit Margin of 2X0 (9.19%) is better than 79.17% of its industry peers.
2X0's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 14.96%, 2X0 belongs to the top of the industry, outperforming 81.94% of the companies in the same industry.
2X0's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 46.11%, 2X0 is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
2X0's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.96% | ||
| PM (TTM) | 9.19% | ||
| GM | 46.11% |
OM growth 3Y13.79%
OM growth 5Y24.06%
PM growth 3Y-21.84%
PM growth 5YN/A
GM growth 3Y2.02%
GM growth 5Y2.77%
2. Health
2.1 Basic Checks
2X0 has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, 2X0 has less shares outstanding
Compared to 5 years ago, 2X0 has less shares outstanding
Compared to 1 year ago, 2X0 has a worse debt to assets ratio.
2.2 Solvency
2X0 has an Altman-Z score of 2.40. This is not the best score and indicates that 2X0 is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of 2X0 (2.40) is comparable to the rest of the industry.
2X0 has a debt to FCF ratio of 1.65. This is a very positive value and a sign of high solvency as it would only need 1.65 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 1.65, 2X0 belongs to the best of the industry, outperforming 93.06% of the companies in the same industry.
2X0 has a Debt/Equity ratio of 0.14. This is a healthy value indicating a solid balance between debt and equity.
2X0 has a Debt to Equity ratio of 0.14. This is in the better half of the industry: 2X0 outperforms 76.39% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.14 | ||
| Debt/FCF | 1.65 | ||
| Altman-Z | 2.4 |
ROIC/WACC0.68
WACC8.8%
2.3 Liquidity
2X0 has a Current Ratio of 1.58. This is a normal value and indicates that 2X0 is financially healthy and should not expect problems in meeting its short term obligations.
2X0 has a Current ratio (1.58) which is in line with its industry peers.
2X0 has a Quick Ratio of 1.07. This is a normal value and indicates that 2X0 is financially healthy and should not expect problems in meeting its short term obligations.
2X0 has a Quick ratio (1.07) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.58 | ||
| Quick Ratio | 1.07 |
3. Growth
3.1 Past
2X0 shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 43.70%, which is quite impressive.
2X0 shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.18% yearly.
The Revenue has been growing slightly by 5.00% in the past year.
Measured over the past years, 2X0 shows a small growth in Revenue. The Revenue has been growing by 4.08% on average per year.
EPS 1Y (TTM)43.7%
EPS 3Y6.18%
EPS 5YN/A
EPS Q2Q%53.06%
Revenue 1Y (TTM)5%
Revenue growth 3Y2.6%
Revenue growth 5Y4.08%
Sales Q2Q%12.55%
3.2 Future
2X0 is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.87% yearly.
The Revenue is expected to grow by 2.98% on average over the next years.
EPS Next Y32.42%
EPS Next 2Y21.26%
EPS Next 3Y18.05%
EPS Next 5Y12.87%
Revenue Next Year4.54%
Revenue Next 2Y4.03%
Revenue Next 3Y3.73%
Revenue Next 5Y2.98%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 19.33 indicates a rather expensive valuation of 2X0.
Based on the Price/Earnings ratio, 2X0 is valued a bit cheaper than the industry average as 65.28% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 26.76. 2X0 is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 17.63, which indicates a rather expensive current valuation of 2X0.
2X0's Price/Forward Earnings ratio is in line with the industry average.
2X0 is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.96, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.33 | ||
| Fwd PE | 17.63 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of 2X0 is on the same level as its industry peers.
2X0's Price/Free Cash Flow ratio is rather cheap when compared to the industry. 2X0 is cheaper than 80.56% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.83 | ||
| EV/EBITDA | 11.7 |
4.3 Compensation for Growth
2X0's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
2X0 has a very decent profitability rating, which may justify a higher PE ratio.
2X0's earnings are expected to grow with 18.05% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.6
PEG (5Y)N/A
EPS Next 2Y21.26%
EPS Next 3Y18.05%
5. Dividend
5.1 Amount
2X0 has a Yearly Dividend Yield of 1.09%.
Compared to an average industry Dividend Yield of 3.19, 2X0 is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.31, 2X0's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.09% |
5.2 History
On average, the dividend of 2X0 grows each year by 30.66%, which is quite nice.
Dividend Growth(5Y)30.66%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
29.41% of the earnings are spent on dividend by 2X0. This is a low number and sustainable payout ratio.
2X0's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP29.41%
EPS Next 2Y21.26%
EPS Next 3Y18.05%
FRA:2X0 (12/11/2025, 7:00:00 PM)
56.43
+0.56 (+1%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners87.09%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap38.13B
Revenue(TTM)17.47B
Net Income(TTM)1.60B
Analysts80
Price Target68.27 (20.98%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.09% |
Yearly Dividend0.57
Dividend Growth(5Y)30.66%
DP29.41%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)35.88%
Min EPS beat(2)14.15%
Max EPS beat(2)57.61%
EPS beat(4)4
Avg EPS beat(4)24.51%
Min EPS beat(4)0.21%
Max EPS beat(4)57.61%
EPS beat(8)7
Avg EPS beat(8)24.59%
EPS beat(12)10
Avg EPS beat(12)35.59%
EPS beat(16)13
Avg EPS beat(16)30.82%
Revenue beat(2)2
Avg Revenue beat(2)2.38%
Min Revenue beat(2)1%
Max Revenue beat(2)3.77%
Revenue beat(4)2
Avg Revenue beat(4)-0.66%
Min Revenue beat(4)-4.68%
Max Revenue beat(4)3.77%
Revenue beat(8)3
Avg Revenue beat(8)-3.19%
Revenue beat(12)4
Avg Revenue beat(12)-3.16%
Revenue beat(16)7
Avg Revenue beat(16)-2.07%
PT rev (1m)-0.93%
PT rev (3m)18.27%
EPS NQ rev (1m)-11.72%
EPS NQ rev (3m)-44.57%
EPS NY rev (1m)5.93%
EPS NY rev (3m)-0.34%
Revenue NQ rev (1m)-0.53%
Revenue NQ rev (3m)1.29%
Revenue NY rev (1m)0.67%
Revenue NY rev (3m)-1.28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.33 | ||
| Fwd PE | 17.63 | ||
| P/S | 2.56 | ||
| P/FCF | 16.83 | ||
| P/OCF | 13.94 | ||
| P/B | 1.77 | ||
| P/tB | 7.11 | ||
| EV/EBITDA | 11.7 |
EPS(TTM)2.92
EY5.17%
EPS(NY)3.2
Fwd EY5.67%
FCF(TTM)3.35
FCFY5.94%
OCF(TTM)4.05
OCFY7.17%
SpS22.07
BVpS31.86
TBVpS7.93
PEG (NY)0.6
PEG (5Y)N/A
Graham Number45.75
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.8% | ||
| ROE | 6.36% | ||
| ROCE | 8.22% | ||
| ROIC | 5.99% | ||
| ROICexc | 6.49% | ||
| ROICexgc | 16.71% | ||
| OM | 14.96% | ||
| PM (TTM) | 9.19% | ||
| GM | 46.11% | ||
| FCFM | 15.19% |
ROA(3y)2.21%
ROA(5y)2.47%
ROE(3y)3.76%
ROE(5y)4.19%
ROIC(3y)4.97%
ROIC(5y)3.98%
ROICexc(3y)5.51%
ROICexc(5y)4.45%
ROICexgc(3y)17.68%
ROICexgc(5y)14.5%
ROCE(3y)6.47%
ROCE(5y)5.18%
ROICexgc growth 3Y17.34%
ROICexgc growth 5Y37%
ROICexc growth 3Y18.15%
ROICexc growth 5Y33.64%
OM growth 3Y13.79%
OM growth 5Y24.06%
PM growth 3Y-21.84%
PM growth 5YN/A
GM growth 3Y2.02%
GM growth 5Y2.77%
F-Score9
Asset Turnover0.41
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.14 | ||
| Debt/FCF | 1.65 | ||
| Debt/EBITDA | 0.91 | ||
| Cap/Depr | 45.87% | ||
| Cap/Sales | 3.15% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 84.05% | ||
| Profit Quality | 165.36% | ||
| Current Ratio | 1.58 | ||
| Quick Ratio | 1.07 | ||
| Altman-Z | 2.4 |
F-Score9
WACC8.8%
ROIC/WACC0.68
Cap/Depr(3y)49.09%
Cap/Depr(5y)46.74%
Cap/Sales(3y)3.48%
Cap/Sales(5y)3.49%
Profit Quality(3y)117.89%
Profit Quality(5y)141.89%
High Growth Momentum
Growth
EPS 1Y (TTM)43.7%
EPS 3Y6.18%
EPS 5YN/A
EPS Q2Q%53.06%
EPS Next Y32.42%
EPS Next 2Y21.26%
EPS Next 3Y18.05%
EPS Next 5Y12.87%
Revenue 1Y (TTM)5%
Revenue growth 3Y2.6%
Revenue growth 5Y4.08%
Sales Q2Q%12.55%
Revenue Next Year4.54%
Revenue Next 2Y4.03%
Revenue Next 3Y3.73%
Revenue Next 5Y2.98%
EBIT growth 1Y33.86%
EBIT growth 3Y16.75%
EBIT growth 5Y29.12%
EBIT Next Year58.29%
EBIT Next 3Y21.73%
EBIT Next 5Y13.88%
FCF growth 1Y1955.94%
FCF growth 3Y-10.43%
FCF growth 5YN/A
OCF growth 1Y673.91%
OCF growth 3Y-7.69%
OCF growth 5Y14.92%
CORTEVA INC / 2X0.DE FAQ
What is the ChartMill fundamental rating of CORTEVA INC (2X0.DE) stock?
ChartMill assigns a fundamental rating of 6 / 10 to 2X0.DE.
What is the valuation status for 2X0 stock?
ChartMill assigns a valuation rating of 5 / 10 to CORTEVA INC (2X0.DE). This can be considered as Fairly Valued.
Can you provide the profitability details for CORTEVA INC?
CORTEVA INC (2X0.DE) has a profitability rating of 7 / 10.
What is the financial health of CORTEVA INC (2X0.DE) stock?
The financial health rating of CORTEVA INC (2X0.DE) is 6 / 10.
Is the dividend of CORTEVA INC sustainable?
The dividend rating of CORTEVA INC (2X0.DE) is 3 / 10 and the dividend payout ratio is 29.41%.