Corteva Stock Fair Value Calculation – CORTEVA Reports 6.7% Decrease in Revenue for Q3 FY2023
November 23, 2023
🌥️Earnings Overview
For the third quarter of Fiscal Year 2023, CORTEVA ($NYSE:CTVA) reported a total revenue of USD 2590.0 million, a 6.7% decrease from the corresponding period in the prior year.
Analysis – Corteva Stock Fair Value Calculation
GoodWhale has conducted an analysis of CORTEVA‘s wellbeing and the results are now available. According to our proprietary Valuation Line, the fair value of CORTEVA share is around $56.6, while the current market price stands at $48.6, making it a fair price that is undervalued by 14.2%. This presents an opportunity for investors to purchase CORTEVA stock at a discounted rate. As CORTEVA’s share price continues to rise, investors will be able to benefit from potential capital gains. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Corteva. CORTEVA_Reports_6.7_Decrease_in_Revenue_for_Q3_FY2023″>More…
| Total Revenues | Net Income | Net Margin |
| 17.34k | 933 | 9.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Corteva. CORTEVA_Reports_6.7_Decrease_in_Revenue_for_Q3_FY2023″>More…
| Operations | Investing | Financing |
| 409 | -1.97k | 1.76k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Corteva. CORTEVA_Reports_6.7_Decrease_in_Revenue_for_Q3_FY2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 43.11k | 17.64k | 35.79 |
Key Ratios Snapshot
Some of the financial key ratios for Corteva are shown below. CORTEVA_Reports_6.7_Decrease_in_Revenue_for_Q3_FY2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.4% | 36.9% | 8.2% |
| FCF Margin | ROE | ROA |
| -0.9% | 3.5% | 2.1% |
Peers
Corteva Inc is an American agriculture company that was formed in 2019. The company specializes in seed and crop protection products. Corteva Inc’s competitors include FMC Corp, Nutrien Ltd, and The Mosaic Co.
– FMC Corp ($NYSE:FMC)
FMC Corporation is a global leader in the agricultural sciences, providing products and services to the agricultural, industrial and consumer markets. The company’s products and services help growers increase yields, improve crop quality and protect crops from pests and disease. FMC’s products also improve the quality of food and other products made from crops.
– Nutrien Ltd ($TSX:NTR)
Nutrien Ltd is a Canadian fertilizer company with a market cap of 60.6B as of 2022. The company has a return on equity of 23.76%, meaning that it is a relatively profitable company. Nutrien produces and sells a variety of fertilizer products, including nitrogen, phosphate, and potash fertilizers. The company also owns and operates a number of mines and processing facilities around the world.
– The Mosaic Co ($NYSE:MOS)
The Mosaic Co is a leading producer and marketer of concentrated phosphate and potash crop nutrients. The company has a market cap of 17.51B as of 2022 and a Return on Equity of 24.22%. The company’s products are used by farmers to improve crop yield and quality. Mosaic is a publicly traded company listed on the New York Stock Exchange.
Summary
CORTEVA is a company that investors should consider evaluating. In Q3 FY2023, it reported total revenue of USD 2590.0 million, which is a 6.7% decrease from the same period in the prior year. Its net income also decreased, falling from -331.0 million to -321.0 million. It is important to consider the company’s history, its market position, and its potential for future growth when evaluating CORTEVA as an investment opportunity.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
