AGCO CORP (AGCO) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:AGCO - US0010841023 - Common Stock
105.58 USD
-5.54 (-4.99%)
105.58 USD
0 (0%)
Overall AGCO gets a fundamental rating of 5 out of 10. We evaluated AGCO against 130 industry peers in the Machinery industry. AGCO has only an average score on both its financial health and profitability. AGCO has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year AGCO was profitable.
AGCO had a positive operating cash flow in the past year.
Of the past 5 years AGCO 4 years were profitable.
AGCO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of AGCO (3.01%) is comparable to the rest of the industry.
AGCO has a Return On Equity (8.36%) which is comparable to the rest of the industry.
AGCO has a Return On Invested Capital (6.08%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for AGCO is significantly above the industry average of 10.34%.
The last Return On Invested Capital (6.08%) 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 | 3.01% | ||
| ROE | 8.36% | ||
| ROIC | 6.08% |
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
AGCO's Profit Margin of 3.73% is in line compared to the rest of the industry. AGCO outperforms 48.46% of its industry peers.
With a Operating Margin value of 6.55%, AGCO perfoms like the industry average, outperforming 41.54% 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 25.02%, AGCO is not doing good in the industry: 65.38% of the companies in the same industry are doing better.
AGCO's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.55% | ||
| PM (TTM) | 3.73% | ||
| GM | 25.02% |
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so AGCO is still creating some value.
The number of shares outstanding for AGCO remains at a similar level compared to 1 year ago.
Compared to 5 years ago, AGCO has less shares outstanding
The debt/assets ratio for AGCO is higher compared to a year ago.
2.2 Solvency
AGCO has an Altman-Z score of 2.50. This is not the best score and indicates that AGCO is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.50, AGCO is in line with its industry, outperforming 43.08% of the companies in the same industry.
The Debt to FCF ratio of AGCO is 3.80, which is a good value as it means it would take AGCO, 3.80 years of fcf income to pay off all of its debts.
AGCO's Debt to FCF ratio of 3.80 is fine compared to the rest of the industry. AGCO outperforms 64.62% of its industry peers.
AGCO has a Debt/Equity ratio of 0.63. This is a neutral value indicating AGCO is somewhat dependend on debt financing.
AGCO has a worse Debt to Equity ratio (0.63) than 62.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 3.8 | ||
| Altman-Z | 2.5 |
ROIC/WACC0.65
WACC9.37%
2.3 Liquidity
AGCO has a Current Ratio of 1.58. This is a normal value and indicates that AGCO is financially healthy and should not expect problems in meeting its short term obligations.
AGCO has a worse Current ratio (1.58) than 70.77% of its industry peers.
A Quick Ratio of 0.73 indicates that AGCO may have some problems paying its short term obligations.
AGCO has a Quick ratio of 0.73. This is amonst the worse of the industry: AGCO underperforms 83.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.58 | ||
| Quick Ratio | 0.73 |
3. Growth
3.1 Past
The earnings per share for AGCO have decreased strongly by -45.44% in the last year.
The Earnings Per Share has been growing by 11.05% on average over the past years. This is quite good.
Looking at the last year, AGCO shows a very negative growth in Revenue. The Revenue has decreased by -20.09% in the last year.
AGCO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.22% yearly.
EPS 1Y (TTM)-45.44%
EPS 3Y-10.24%
EPS 5Y11.05%
EPS Q2Q%98.53%
Revenue 1Y (TTM)-20.09%
Revenue growth 3Y1.54%
Revenue growth 5Y5.22%
Sales Q2Q%-4.73%
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 14.59% on average per year.
AGCO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.41% yearly.
EPS Next Y-33.98%
EPS Next 2Y-6.49%
EPS Next 3Y4.54%
EPS Next 5Y14.59%
Revenue Next Year-17.76%
Revenue Next 2Y-7.66%
Revenue Next 3Y-3.35%
Revenue Next 5Y2.41%
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 20.78, the valuation of AGCO can be described as rather expensive.
61.54% of the companies in the same industry are more expensive than AGCO, based on the Price/Earnings ratio.
AGCO's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.15.
Based on the Price/Forward Earnings ratio of 16.10, the valuation of AGCO can be described as correct.
AGCO's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. AGCO is cheaper than 66.92% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.12, AGCO is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.78 | ||
| Fwd PE | 16.1 |
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 73.85% of the companies listed in the same industry.
89.23% of the companies in the same industry are more expensive than AGCO, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.52 | ||
| EV/EBITDA | 10.27 |
4.3 Compensation for Growth
AGCO has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.88
EPS Next 2Y-6.49%
EPS Next 3Y4.54%
5. Dividend
5.1 Amount
AGCO has a Yearly Dividend Yield of 1.16%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 1.97, AGCO pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.41, AGCO's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.16% |
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 23.05% of its income as dividend. This is a sustainable payout ratio.
The dividend of AGCO is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP23.05%
EPS Next 2Y-6.49%
EPS Next 3Y4.54%
105.58
-5.54 (-4.99%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners95.07%
Inst Owner Change4.18%
Ins Owners0.56%
Ins Owner Change-1.46%
Market Cap7.88B
Revenue(TTM)10.05B
Net Income(TTM)375.30M
Analysts70.48
Price Target119.73 (13.4%)
Short Float %4.49%
Short Ratio3.81
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.16% |
Yearly Dividend3.67
Dividend Growth(5Y)42.16%
DP23.05%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)15.59%
Min EPS beat(2)8.5%
Max EPS beat(2)22.67%
EPS beat(4)4
Avg EPS beat(4)99.72%
Min EPS beat(4)6.09%
Max EPS beat(4)361.6%
EPS beat(8)5
Avg EPS beat(8)42.41%
EPS beat(12)9
Avg EPS beat(12)34.17%
EPS beat(16)12
Avg EPS beat(16)32.06%
Revenue beat(2)1
Avg Revenue beat(2)0.7%
Min Revenue beat(2)-1.54%
Max Revenue beat(2)2.93%
Revenue beat(4)1
Avg Revenue beat(4)-2.73%
Min Revenue beat(4)-10.53%
Max Revenue beat(4)2.93%
Revenue beat(8)1
Avg Revenue beat(8)-5.42%
Revenue beat(12)4
Avg Revenue beat(12)-3.27%
Revenue beat(16)5
Avg Revenue beat(16)-3%
PT rev (1m)-2.4%
PT rev (3m)-2.84%
EPS NQ rev (1m)2.78%
EPS NQ rev (3m)-0.32%
EPS NY rev (1m)1.16%
EPS NY rev (3m)0.18%
Revenue NQ rev (1m)-1.09%
Revenue NQ rev (3m)-0.8%
Revenue NY rev (1m)-0.15%
Revenue NY rev (3m)-0.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.78 | ||
| Fwd PE | 16.1 | ||
| P/S | 0.78 | ||
| P/FCF | 10.52 | ||
| P/OCF | 7.71 | ||
| P/B | 1.75 | ||
| P/tB | 4.15 | ||
| EV/EBITDA | 10.27 |
EPS(TTM)5.08
EY4.81%
EPS(NY)6.56
Fwd EY6.21%
FCF(TTM)10.04
FCFY9.51%
OCF(TTM)13.7
OCFY12.98%
SpS134.67
BVpS60.18
TBVpS25.46
PEG (NY)N/A
PEG (5Y)1.88
Graham Number82.94
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.01% | ||
| ROE | 8.36% | ||
| ROCE | 7.44% | ||
| ROIC | 6.08% | ||
| ROICexc | 6.75% | ||
| ROICexgc | 9.94% | ||
| OM | 6.55% | ||
| PM (TTM) | 3.73% | ||
| GM | 25.02% | ||
| FCFM | 7.45% |
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-Score6
Asset Turnover0.81
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 3.8 | ||
| Debt/EBITDA | 2.88 | ||
| Cap/Depr | 82.89% | ||
| Cap/Sales | 2.72% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 103.53% | ||
| Profit Quality | 199.6% | ||
| Current Ratio | 1.58 | ||
| Quick Ratio | 0.73 | ||
| Altman-Z | 2.5 |
F-Score6
WACC9.37%
ROIC/WACC0.65
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)-45.44%
EPS 3Y-10.24%
EPS 5Y11.05%
EPS Q2Q%98.53%
EPS Next Y-33.98%
EPS Next 2Y-6.49%
EPS Next 3Y4.54%
EPS Next 5Y14.59%
Revenue 1Y (TTM)-20.09%
Revenue growth 3Y1.54%
Revenue growth 5Y5.22%
Sales Q2Q%-4.73%
Revenue Next Year-17.76%
Revenue Next 2Y-7.66%
Revenue Next 3Y-3.35%
Revenue Next 5Y2.41%
EBIT growth 1Y-39.78%
EBIT growth 3Y-3%
EBIT growth 5Y11.67%
EBIT Next Year-1.14%
EBIT Next 3Y10.58%
EBIT Next 5Y13.42%
FCF growth 1Y-12.95%
FCF growth 3Y-8.75%
FCF growth 5Y-6.83%
OCF growth 1Y-23.47%
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 5 / 10 to AGCO.
What is the valuation status for AGCO stock?
ChartMill assigns a valuation rating of 5 / 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 6 / 10.
How financially healthy is AGCO CORP?
The financial health rating of AGCO CORP (AGCO) is 4 / 10.
How sustainable is the dividend of AGCO CORP (AGCO) stock?
The dividend rating of AGCO CORP (AGCO) is 5 / 10 and the dividend payout ratio is 23.05%.