AGCO CORP (AGCO) Stock Fundamental Analysis
USA - NYSE:AGCO - US0010841023 - Common Stock
106.12 USD
-2.18 (-2.01%)
106.12 USD
0 (0%)
Overall AGCO gets a fundamental rating of 4 out of 10. We evaluated AGCO against 130 industry peers in the Machinery industry. AGCO has a medium profitability rating, but doesn't score so well on its financial health evaluation. AGCO has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year AGCO was profitable.
AGCO had a positive operating cash flow in the past year.
AGCO had positive earnings in 4 of the past 5 years.
AGCO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
AGCO's Return On Assets of 0.81% is on the low side compared to the rest of the industry. AGCO is outperformed by 65.38% of its industry peers.
Looking at the Return On Equity, with a value of 2.39%, AGCO is doing worse than 63.08% of the companies in the same industry.
AGCO has a Return On Invested Capital (6.00%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AGCO is significantly above the industry average of 10.00%.
The last Return On Invested Capital (6.00%) for AGCO is well below the 3 year average (16.09%), which needs to be investigated, but indicates that AGCO had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.81% | ||
| ROE | 2.39% | ||
| ROIC | 6% |
ROA(3y)5.09%
ROA(5y)6.01%
ROE(3y)12.24%
ROE(5y)15.46%
ROIC(3y)16.09%
ROIC(5y)14.59%
1.3 Margins
With a Profit Margin value of 0.98%, AGCO is not doing good in the industry: 63.85% of the companies in the same industry are doing better.
With a Operating Margin value of 6.16%, AGCO perfoms like the industry average, outperforming 40.77% of the companies in the same industry.
AGCO's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 24.29%, AGCO is not doing good in the industry: 66.15% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of AGCO has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.16% | ||
| PM (TTM) | 0.98% | ||
| GM | 24.29% |
OM growth 3Y-4.47%
OM growth 5Y6.13%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.49%
GM growth 5Y2.53%
2. Health
2.1 Basic Checks
AGCO has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, AGCO has about the same amount of shares outstanding.
The number of shares outstanding for AGCO has been reduced compared to 5 years ago.
Compared to 1 year ago, AGCO has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.44 indicates that AGCO is not a great score, but indicates only limited risk for bankruptcy at the moment.
AGCO has a Altman-Z score (2.44) which is in line with its industry peers.
AGCO has a debt to FCF ratio of 4.31. This is a neutral value as AGCO would need 4.31 years to pay back of all of its debts.
With a Debt to FCF ratio value of 4.31, AGCO perfoms like the industry average, outperforming 57.69% of the companies in the same industry.
AGCO has a Debt/Equity ratio of 0.69. This is a neutral value indicating AGCO is somewhat dependend on debt financing.
AGCO has a worse Debt to Equity ratio (0.69) than 69.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 4.31 | ||
| Altman-Z | 2.44 |
ROIC/WACC0.63
WACC9.56%
2.3 Liquidity
A Current Ratio of 1.48 indicates that AGCO should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.48, AGCO is doing worse than 74.62% of the companies in the same industry.
AGCO has a Quick Ratio of 1.48. This is a bad value and indicates that AGCO is not financially healthy enough and could expect problems in meeting its short term obligations.
AGCO has a worse Quick ratio (0.67) than 86.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.48 | ||
| Quick Ratio | 0.67 |
3. Growth
3.1 Past
The earnings per share for AGCO have decreased strongly by -65.00% in the last year.
Measured over the past years, AGCO shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.05% on average per year.
AGCO shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -24.27%.
AGCO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.22% yearly.
EPS 1Y (TTM)-65%
EPS 3Y-10.24%
EPS 5Y11.05%
EPS Q2Q%-46.64%
Revenue 1Y (TTM)-24.27%
Revenue growth 3Y1.54%
Revenue growth 5Y5.22%
Sales Q2Q%-18.84%
3.2 Future
Based on estimates for the next years, AGCO will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.57% on average per year.
Based on estimates for the next years, AGCO will show a small growth in Revenue. The Revenue will grow by 3.24% on average per year.
EPS Next Y-34.73%
EPS Next 2Y-6.7%
EPS Next 3Y4.64%
EPS Next 5Y15.57%
Revenue Next Year-17.64%
Revenue Next 2Y-7.18%
Revenue Next 3Y-2.79%
Revenue Next 5Y3.24%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 24.06, the valuation of AGCO can be described as rather expensive.
The rest of the industry has a similar Price/Earnings ratio as AGCO.
AGCO is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.19, which is the current average of the S&P500 Index.
AGCO is valuated correctly with a Price/Forward Earnings ratio of 16.25.
68.46% of the companies in the same industry are more expensive than AGCO, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 22.50. AGCO is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.06 | ||
| Fwd PE | 16.25 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AGCO indicates a somewhat cheap valuation: AGCO is cheaper than 71.54% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, AGCO is valued cheaply inside the industry as 90.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.52 | ||
| EV/EBITDA | 10.77 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)2.18
EPS Next 2Y-6.7%
EPS Next 3Y4.64%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.05%, AGCO has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 1.79, AGCO pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.33, AGCO's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.05% |
5.2 History
On average, the dividend of AGCO grows each year by 42.16%, which is quite nice.
AGCO has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)42.16%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
AGCO pays out 86.85% of its income as dividend. This is not a sustainable payout ratio.
The dividend of AGCO is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP86.85%
EPS Next 2Y-6.7%
EPS Next 3Y4.64%
106.12
-2.18 (-2.01%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners95.07%
Inst Owner Change1.21%
Ins Owners0.56%
Ins Owner Change-1.34%
Market Cap7.92B
Revenue(TTM)10.17B
Net Income(TTM)99.60M
Analysts70.48
Price Target122.68 (15.6%)
Short Float %4.5%
Short Ratio3.81
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.05% |
Yearly Dividend3.67
Dividend Growth(5Y)42.16%
DP86.85%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)192.14%
Min EPS beat(2)22.67%
Max EPS beat(2)361.6%
EPS beat(4)3
Avg EPS beat(4)88.02%
Min EPS beat(4)-38.3%
Max EPS beat(4)361.6%
EPS beat(8)5
Avg EPS beat(8)43.6%
EPS beat(12)8
Avg EPS beat(12)33.36%
EPS beat(16)12
Avg EPS beat(16)33.29%
Revenue beat(2)1
Avg Revenue beat(2)0.57%
Min Revenue beat(2)-1.8%
Max Revenue beat(2)2.93%
Revenue beat(4)1
Avg Revenue beat(4)-5.38%
Min Revenue beat(4)-12.13%
Max Revenue beat(4)2.93%
Revenue beat(8)1
Avg Revenue beat(8)-5.5%
Revenue beat(12)4
Avg Revenue beat(12)-3.74%
Revenue beat(16)5
Avg Revenue beat(16)-3.3%
PT rev (1m)-0.45%
PT rev (3m)13.33%
EPS NQ rev (1m)-0.36%
EPS NQ rev (3m)18.68%
EPS NY rev (1m)-0.86%
EPS NY rev (3m)13.51%
Revenue NQ rev (1m)-0.47%
Revenue NQ rev (3m)6.57%
Revenue NY rev (1m)0.04%
Revenue NY rev (3m)2.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.06 | ||
| Fwd PE | 16.25 | ||
| P/S | 0.78 | ||
| P/FCF | 11.52 | ||
| P/OCF | 8.1 | ||
| P/B | 1.9 | ||
| P/tB | 5.09 | ||
| EV/EBITDA | 10.77 |
EPS(TTM)4.41
EY4.16%
EPS(NY)6.53
Fwd EY6.15%
FCF(TTM)9.21
FCFY8.68%
OCF(TTM)13.11
OCFY12.35%
SpS136.32
BVpS55.86
TBVpS20.86
PEG (NY)N/A
PEG (5Y)2.18
Graham Number74.45
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.81% | ||
| ROE | 2.39% | ||
| ROCE | 7.37% | ||
| ROIC | 6% | ||
| ROICexc | 6.6% | ||
| ROICexgc | 9.89% | ||
| OM | 6.16% | ||
| PM (TTM) | 0.98% | ||
| GM | 24.29% | ||
| FCFM | 6.76% |
ROA(3y)5.09%
ROA(5y)6.01%
ROE(3y)12.24%
ROE(5y)15.46%
ROIC(3y)16.09%
ROIC(5y)14.59%
ROICexc(3y)17.91%
ROICexc(5y)16.77%
ROICexgc(3y)25.88%
ROICexgc(5y)25.33%
ROCE(3y)19.52%
ROCE(5y)17.75%
ROICexgc growth 3Y-11.68%
ROICexgc growth 5Y2.47%
ROICexc growth 3Y-13.04%
ROICexc growth 5Y3.12%
OM growth 3Y-4.47%
OM growth 5Y6.13%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.49%
GM growth 5Y2.53%
F-Score4
Asset Turnover0.83
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 4.31 | ||
| Debt/EBITDA | 3.07 | ||
| Cap/Depr | 92.67% | ||
| Cap/Sales | 2.86% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 103.98% | ||
| Profit Quality | 689.96% | ||
| Current Ratio | 1.48 | ||
| Quick Ratio | 0.67 | ||
| Altman-Z | 2.44 |
F-Score4
WACC9.56%
ROIC/WACC0.63
Cap/Depr(3y)147.42%
Cap/Depr(5y)127.45%
Cap/Sales(3y)3.35%
Cap/Sales(5y)3.08%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-65%
EPS 3Y-10.24%
EPS 5Y11.05%
EPS Q2Q%-46.64%
EPS Next Y-34.73%
EPS Next 2Y-6.7%
EPS Next 3Y4.64%
EPS Next 5Y15.57%
Revenue 1Y (TTM)-24.27%
Revenue growth 3Y1.54%
Revenue growth 5Y5.22%
Sales Q2Q%-18.84%
Revenue Next Year-17.64%
Revenue Next 2Y-7.18%
Revenue Next 3Y-2.79%
Revenue Next 5Y3.24%
EBIT growth 1Y-54.84%
EBIT growth 3Y-3%
EBIT growth 5Y11.67%
EBIT Next Year-1.14%
EBIT Next 3Y10.58%
EBIT Next 5Y14.3%
FCF growth 1Y24.2%
FCF growth 3Y-8.75%
FCF growth 5Y-6.83%
OCF growth 1Y-5.92%
OCF growth 3Y1.48%
OCF growth 5Y-0.17%
AGCO CORP / AGCO FAQ
What is the ChartMill fundamental rating of AGCO CORP (AGCO) stock?
ChartMill assigns a fundamental rating of 4 / 10 to AGCO.
What is the valuation status for AGCO stock?
ChartMill assigns a valuation rating of 4 / 10 to AGCO CORP (AGCO). This can be considered as Fairly Valued.
What is the profitability of AGCO stock?
AGCO CORP (AGCO) has a profitability rating of 5 / 10.
How financially healthy is AGCO CORP?
The financial health rating of AGCO CORP (AGCO) is 3 / 10.
How sustainable is the dividend of AGCO CORP (AGCO) stock?
The dividend rating of AGCO CORP (AGCO) is 3 / 10 and the dividend payout ratio is 86.85%.