CNH INDUSTRIAL NV (CNHI.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:CNHI - NL0010545661 - Common Stock
11.08 EUR
+0.14 (+1.28%)
Taking everything into account, CNHI scores 5 out of 10 in our fundamental rating. CNHI was compared to 109 industry peers in the Machinery industry. CNHI has only an average score on both its financial health and profitability. CNHI is valued quite cheap, while showing a decent growth score. This is a good combination! Finally CNHI also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year CNHI was profitable.
In the past year CNHI had a positive cash flow from operations.
1.2 Ratios
CNHI has negative profitability rations, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | N/A | ||
| ROE | N/A | ||
| ROIC | N/A |
ROA(3y)2.19%
ROA(5y)2.23%
ROE(3y)11.38%
ROE(5y)12.74%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 9.07%, CNHI belongs to the top of the industry, outperforming 86.27% of the companies in the same industry.
In the last couple of years the Profit Margin of CNHI has grown nicely.
With an excellent Operating Margin value of 12.52%, CNHI belongs to the best of the industry, outperforming 88.24% of the companies in the same industry.
In the last couple of years the Operating Margin of CNHI has grown nicely.
With a Gross Margin value of 23.70%, CNHI is not doing good in the industry: 78.43% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of CNHI has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.52% | ||
| PM (TTM) | 9.07% | ||
| GM | 23.7% |
OM growth 3Y21.39%
OM growth 5Y18.56%
PM growth 3Y36.63%
PM growth 5Y38%
GM growth 3Y6.79%
GM growth 5Y4.92%
2. Health
2.1 Basic Checks
CNHI does not have a ROIC to compare to the WACC, probably because it is not profitable.
CNHI has less shares outstanding than it did 1 year ago.
CNHI has a worse debt/assets ratio than last year.
2.2 Solvency
There is no outstanding debt for CNHI. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 0 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC7.64%
2.3 Liquidity
A Current Ratio of 1.99 indicates that CNHI should not have too much problems paying its short term obligations.
CNHI's Current ratio of 1.99 is fine compared to the rest of the industry. CNHI outperforms 67.65% of its industry peers.
A Quick Ratio of 1.68 indicates that CNHI should not have too much problems paying its short term obligations.
CNHI's Quick ratio of 1.68 is fine compared to the rest of the industry. CNHI outperforms 76.47% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.99 | ||
| Quick Ratio | 1.68 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 24.24% over the past year.
The Earnings Per Share has been growing by 25.26% on average over the past years. This is a very strong growth
The Revenue for CNHI has decreased by -29.55% in the past year. This is quite bad
Measured over the past years, CNHI shows a decrease in Revenue. The Revenue has been decreasing by -3.20% on average per year.
EPS 1Y (TTM)24.24%
EPS 3Y20.3%
EPS 5Y25.26%
EPS Q2Q%20.93%
Revenue 1Y (TTM)-29.55%
Revenue growth 3Y-5.74%
Revenue growth 5Y-3.2%
Sales Q2Q%7.59%
3.2 Future
The Earnings Per Share is expected to grow by 7.52% on average over the next years.
The Revenue is expected to grow by 5.32% on average over the next years.
EPS Next Y16.53%
EPS Next 2Y4.87%
EPS Next 3Y5.46%
EPS Next 5Y7.52%
Revenue Next Year10.75%
Revenue Next 2Y3.52%
Revenue Next 3Y3.56%
Revenue Next 5Y5.32%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 7.39, which indicates a rather cheap valuation of CNHI.
Based on the Price/Earnings ratio, CNHI is valued cheaply inside the industry as 89.22% of the companies are valued more expensively.
CNHI is valuated cheaply when we compare the Price/Earnings ratio to 26.92, which is the current average of the S&P500 Index.
CNHI is valuated cheaply with a Price/Forward Earnings ratio of 7.43.
CNHI's Price/Forward Earnings ratio is rather cheap when compared to the industry. CNHI is cheaper than 87.25% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.57, CNHI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.39 | ||
| Fwd PE | 7.43 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CNHI indicates a rather cheap valuation: CNHI is cheaper than 84.31% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CNHI indicates a rather cheap valuation: CNHI is cheaper than 89.22% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.72 | ||
| EV/EBITDA | 4.4 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.45
PEG (5Y)0.29
EPS Next 2Y4.87%
EPS Next 3Y5.46%
5. Dividend
5.1 Amount
CNHI has a Yearly Dividend Yield of 3.24%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 1.55, CNHI pays a better dividend. On top of this CNHI pays more dividend than 88.24% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 1.94, CNHI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.24% |
5.2 History
The dividend of CNHI is nicely growing with an annual growth rate of 19.87%!
Dividend Growth(5Y)19.87%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
23.61% of the earnings are spent on dividend by CNHI. This is a low number and sustainable payout ratio.
CNHI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP23.61%
EPS Next 2Y4.87%
EPS Next 3Y5.46%
BIT:CNHI (12/29/2023, 7:00:00 PM)
11.08
+0.14 (+1.28%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst OwnersN/A
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap14.74B
Revenue(TTM)24.60B
Net Income(TTM)2.23B
Analysts74.55
Price Target15.56 (40.43%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.24% |
Yearly Dividend0.31
Dividend Growth(5Y)19.87%
DP23.61%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.65%
Min EPS beat(2)5.11%
Max EPS beat(2)10.18%
EPS beat(4)3
Avg EPS beat(4)10%
Min EPS beat(4)-1.57%
Max EPS beat(4)26.27%
EPS beat(8)7
Avg EPS beat(8)16.23%
EPS beat(12)11
Avg EPS beat(12)75.37%
EPS beat(16)12
Avg EPS beat(16)44.9%
Revenue beat(2)0
Avg Revenue beat(2)-2.79%
Min Revenue beat(2)-2.98%
Max Revenue beat(2)-2.6%
Revenue beat(4)2
Avg Revenue beat(4)4.29%
Min Revenue beat(4)-2.98%
Max Revenue beat(4)12%
Revenue beat(8)4
Avg Revenue beat(8)34.69%
Revenue beat(12)6
Avg Revenue beat(12)26.89%
Revenue beat(16)7
Avg Revenue beat(16)21.12%
PT rev (1m)-3.89%
PT rev (3m)-10.47%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.2%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.66%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.84%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.69%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.39 | ||
| Fwd PE | 7.43 | ||
| P/S | 0.65 | ||
| P/FCF | 6.72 | ||
| P/OCF | 5.16 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 4.4 |
EPS(TTM)1.5
EY13.54%
EPS(NY)1.49
Fwd EY13.45%
FCF(TTM)1.65
FCFY14.88%
OCF(TTM)2.15
OCFY19.4%
SpS16.93
BVpSN/A
TBVpSN/A
PEG (NY)0.45
PEG (5Y)0.29
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | N/A | ||
| ROE | N/A | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | 12.52% | ||
| PM (TTM) | 9.07% | ||
| GM | 23.7% | ||
| FCFM | 9.74% |
ROA(3y)2.19%
ROA(5y)2.23%
ROE(3y)11.38%
ROE(5y)12.74%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)6.41%
ROCE(5y)6.75%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y21.39%
OM growth 5Y18.56%
PM growth 3Y36.63%
PM growth 5Y38%
GM growth 3Y6.79%
GM growth 5Y4.92%
F-ScoreN/A
Asset TurnoverN/A
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 125.13% | ||
| Cap/Sales | 2.96% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 85.28% | ||
| Profit Quality | 107.35% | ||
| Current Ratio | 1.99 | ||
| Quick Ratio | 1.68 | ||
| Altman-Z | N/A |
F-ScoreN/A
WACC7.64%
ROIC/WACCN/A
Cap/Depr(3y)92.3%
Cap/Depr(5y)89.65%
Cap/Sales(3y)3.72%
Cap/Sales(5y)3.68%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)24.24%
EPS 3Y20.3%
EPS 5Y25.26%
EPS Q2Q%20.93%
EPS Next Y16.53%
EPS Next 2Y4.87%
EPS Next 3Y5.46%
EPS Next 5Y7.52%
Revenue 1Y (TTM)-29.55%
Revenue growth 3Y-5.74%
Revenue growth 5Y-3.2%
Sales Q2Q%7.59%
Revenue Next Year10.75%
Revenue Next 2Y3.52%
Revenue Next 3Y3.56%
Revenue Next 5Y5.32%
EBIT growth 1Y-17.53%
EBIT growth 3Y14.43%
EBIT growth 5Y14.76%
EBIT Next Year34.65%
EBIT Next 3Y7.67%
EBIT Next 5Y5.38%
FCF growth 1Y-48.47%
FCF growth 3Y63.71%
FCF growth 5Y3.87%
OCF growth 1Y-44.45%
OCF growth 3Y18.92%
OCF growth 5Y0.5%
CNH INDUSTRIAL NV / CNHI.MI FAQ
What is the fundamental rating for CNHI stock?
ChartMill assigns a fundamental rating of 6 / 10 to CNHI.MI.
What is the valuation status of CNH INDUSTRIAL NV (CNHI.MI) stock?
ChartMill assigns a valuation rating of 8 / 10 to CNH INDUSTRIAL NV (CNHI.MI). This can be considered as Undervalued.
How profitable is CNH INDUSTRIAL NV (CNHI.MI) stock?
CNH INDUSTRIAL NV (CNHI.MI) has a profitability rating of 5 / 10.
Can you provide the financial health for CNHI stock?
The financial health rating of CNH INDUSTRIAL NV (CNHI.MI) is 6 / 10.
What is the earnings growth outlook for CNH INDUSTRIAL NV?
The Earnings per Share (EPS) of CNH INDUSTRIAL NV (CNHI.MI) is expected to grow by 16.53% in the next year.