Corteva, Inc is an agricultural inputs business based in the US. Corteva shares (CTVA.US) are listed on the NYSE and all prices are listed in US Dollars. Corteva employs 21,000 staff and has a trailing 12-month revenue of around $14 billion.
|Latest market close||$N/A|
|52-week range||$20.0947 - $44.96|
|50-day moving average||$40.377|
|200-day moving average||$33.1047|
|Wall St. target price||$40.77|
|Dividend yield||$0.52 (1.24%)|
|Earnings per share (TTM)||$4.77|
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Valuing Corteva stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Corteva's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Corteva's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 47x. In other words, Corteva shares trade at around 47x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Corteva's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.4179. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Corteva's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Corteva's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $2.3 billion.
The EBITDA is a measure of a Corteva's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$14 billion|
|Operating margin TTM||7.84%|
|Gross profit TTM||$5.5 billion|
|Return on assets TTM||1.62%|
|Return on equity TTM||2.48%|
|Market capitalisation||$31.3 billion|
TTM: trailing 12 months
There are currently 10.0 million Corteva shares held short by investors – that's known as Corteva's "short interest". This figure is 4.3% up from 9.6 million last month.
There are a few different ways that this level of interest in shorting Corteva shares can be evaluated.
Corteva's "short interest ratio" (SIR) is the quantity of Corteva shares currently shorted divided by the average quantity of Corteva shares traded daily (recently around 3.5 million). Corteva's SIR currently stands at 2.9. In other words for every 100,000 Corteva shares traded daily on the market, roughly 2900 shares are currently held short.
However Corteva's short interest can also be evaluated against the total number of Corteva shares, or, against the total number of tradable Corteva shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Corteva's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Corteva shares in existence, roughly 10 shares are currently held short) or 0.0135% of the tradable shares (for every 100,000 tradable Corteva shares, roughly 14 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Corteva.
Find out more about how you can short Corteva stock.
Dividend payout ratio: 33.99% of net profits
Recently Corteva has paid out, on average, around 33.99% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.24% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Corteva shareholders could enjoy a 1.24% return on their shares, in the form of dividend payments. In Corteva's case, that would currently equate to about $0.52 per share.
While Corteva's payout ratio might seem fairly standard, it's worth remembering that Corteva may be investing much of the rest of its net profits in future growth.
Corteva's most recent dividend payout was on 15 March 2021. The latest dividend was paid out to all shareholders who bought their shares by 26 February 2021 (the "ex-dividend date").
Corteva, Inc. operates in the agriculture business. It operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms. It offers trait technologies that enhance resistance to weather, disease, insects, and weeds, as well as food and nutritional characteristics. This segment also provides digital solutions that assist farmer decision-making with a view to optimize product selection, and maximize yield and profitability. The Crop Protection segment offers products that protect against weeds, insects and other pests, and disease, as well as enhances crop health above and below ground through nitrogen management and seed-applied technologies. This segment provides herbicides, insecticides, below-ground nitrogen stabilizers, and pasture and range management herbicides. It serves agricultural input industry. The company operates in the United States, Canada, Latin America, the Asia Pacific, Europe, the Middle East, and Africa. Corteva, Inc. is headquartered in Wilmington, Delaware.
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