AGCO CORP (AGCO) Stock Fundamental Analysis
USA - NYSE:AGCO - US0010841023 - Common Stock
106.77 USD
+2.08 (+1.99%)
106.77 USD
0 (0%)
Taking everything into account, AGCO scores 5 out of 10 in our fundamental rating. AGCO was compared to 130 industry peers in the Machinery industry. Both the profitability and the financial health of AGCO get a neutral evaluation. Nothing too spectacular is happening here. 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.
In the past year AGCO had a positive cash flow from operations.
Of the past 5 years AGCO 4 years were profitable.
In the past 5 years AGCO always reported a positive cash flow from operatings.
1.2 Ratios
AGCO has a Return On Assets (3.01%) which is in line with its industry peers.
Looking at the Return On Equity, with a value of 8.36%, AGCO is in line with its industry, outperforming 50.77% of the companies in the same industry.
With a Return On Invested Capital value of 6.08%, AGCO perfoms like the industry average, outperforming 45.38% of the companies in the same industry.
AGCO had an Average Return On Invested Capital over the past 3 years of 16.09%. This is significantly above the industry average of 10.24%.
The 3 year average ROIC (16.09%) for AGCO is well above the current ROIC(6.08%). The reason for the recent decline needs to be investigated.
| 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 44.62% of its industry peers.
The Operating Margin of AGCO (6.55%) is comparable to the rest of the industry.
AGCO's Operating Margin has improved in the last couple of years.
AGCO's Gross Margin of 25.02% is on the low side compared to the rest of the industry. AGCO is outperformed by 66.15% of its industry peers.
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), AGCO is 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
Compared to 1 year ago, AGCO has a worse debt to assets ratio.
2.2 Solvency
AGCO has an Altman-Z score of 2.47. 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 2.47, AGCO is in line with its industry, outperforming 42.31% of the companies in the same industry.
AGCO has a debt to FCF ratio of 3.80. This is a good value and a sign of high solvency as AGCO would need 3.80 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.80, AGCO is in the better half of the industry, outperforming 62.31% of the companies in the same industry.
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 63.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 3.8 | ||
| Altman-Z | 2.47 |
ROIC/WACC0.64
WACC9.54%
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.
Looking at the Current ratio, with a value of 1.58, AGCO is doing worse than 70.77% of the companies in the same industry.
AGCO has a Quick Ratio of 1.58. This is a bad value and indicates that AGCO is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.73, AGCO is doing worse than 82.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.58 | ||
| Quick Ratio | 0.73 |
3. Growth
3.1 Past
AGCO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -45.44%.
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 -20.09%.
Measured over the past years, AGCO shows a small growth in Revenue. The Revenue has been growing by 5.22% on average per year.
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
AGCO is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.59% yearly.
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
With a Price/Earnings ratio of 21.02, AGCO is valued on the expensive side.
Based on the Price/Earnings ratio, AGCO is valued a bit cheaper than 65.38% of the companies in the same industry.
AGCO's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.13.
The Price/Forward Earnings ratio is 16.28, which indicates a correct valuation of AGCO.
Based on the Price/Forward Earnings ratio, AGCO is valued a bit cheaper than 70.77% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.35, AGCO is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.02 | ||
| Fwd PE | 16.28 |
4.2 Price Multiples
AGCO's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. AGCO is cheaper than 74.62% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, AGCO is valued cheaper than 92.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.64 | ||
| EV/EBITDA | 9.78 |
4.3 Compensation for Growth
The decent profitability rating of AGCO may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.9
EPS Next 2Y-6.49%
EPS Next 3Y4.54%
5. Dividend
5.1 Amount
AGCO has a Yearly Dividend Yield of 1.09%. Purely for dividend investing, there may be better candidates out there.
AGCO's Dividend Yield is a higher than the industry average which is at 1.83.
With a Dividend Yield of 1.09, AGCO pays less dividend than the S&P500 average, which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.09% |
5.2 History
The dividend of AGCO is nicely growing with an annual growth rate of 42.16%!
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.
AGCO's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP23.05%
EPS Next 2Y-6.49%
EPS Next 3Y4.54%
106.77
+2.08 (+1.99%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners95.07%
Inst Owner Change1.94%
Ins Owners0.56%
Ins Owner Change-1.34%
Market Cap7.97B
Revenue(TTM)10.05B
Net Income(TTM)375.30M
Analysts70.48
Price Target122.06 (14.32%)
Short Float %4.5%
Short Ratio3.81
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.09% |
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)-0.95%
PT rev (3m)12.76%
EPS NQ rev (1m)-0.99%
EPS NQ rev (3m)16.86%
EPS NY rev (1m)-0.86%
EPS NY rev (3m)13.51%
Revenue NQ rev (1m)-0.47%
Revenue NQ rev (3m)6.3%
Revenue NY rev (1m)0.04%
Revenue NY rev (3m)2.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.02 | ||
| Fwd PE | 16.28 | ||
| P/S | 0.79 | ||
| P/FCF | 10.64 | ||
| P/OCF | 7.79 | ||
| P/B | 1.77 | ||
| P/tB | 4.19 | ||
| EV/EBITDA | 9.78 |
EPS(TTM)5.08
EY4.76%
EPS(NY)6.56
Fwd EY6.14%
FCF(TTM)10.04
FCFY9.4%
OCF(TTM)13.7
OCFY12.83%
SpS134.67
BVpS60.18
TBVpS25.46
PEG (NY)N/A
PEG (5Y)1.9
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 | 2.47 |
F-Score6
WACC9.54%
ROIC/WACC0.64
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%.