Agco Corporation Intrinsic Stock Value – AGCO CORPORATION Reports Second Quarter Financial Results for FY2023
July 31, 2023
🌥️Earnings Overview
On July 27 2023, AGCO ($NYSE:AGCO) Corporation reported its total revenue and net income figures for the quarter ending June 30 2023. Revenue was USD 3822.7 million, an increase of 29.8% from the same quarter in the previous fiscal year. Net income rose 79.6% year on year, amounting to USD 319.2 million.
Share Price
On Thursday, AGCO CORPORATION reported their second quarter financial results for fiscal year 2023. The company’s stock opened the day at $135.0 and closed at $132.5, a decrease of 3.1% from the previous day’s closing price of $136.8. AGCO CORPORATION’s management team attributed the slight decrease in financial performance to the global pandemic, which had a significant impact on the company’s operations and cost structure. The company is expecting to see an improvement in its financials for the remainder of the year due to its recent strategic investments and cost containment initiatives. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Agco Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 14.18k | 1.11k | 7.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Agco Corporation. More…
| Operations | Investing | Financing |
| 1.04k | -514.5 | -618.6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Agco Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.39k | 7.25k | 55.28 |
Key Ratios Snapshot
Some of the financial key ratios for Agco Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.3% | 53.3% | 10.4% |
| FCF Margin | ROE | ROA |
| 3.9% | 22.4% | 8.1% |
Analysis – Agco Corporation Intrinsic Stock Value
At GoodWhale, we conducted an analysis of AGCO CORPORATION‘s financials to evaluate the fair value of its shares. Our proprietary Valuation Line calculated the fair value to be around $131.8. This means that if you are looking to buy AGCO CORPORATION shares now, you would be getting a good deal. More…
Peers
AGCO Corp is an agricultural machinery company that manufactures and distributes agricultural equipment and related replacement parts. The company operates through four segments: Tractors and Combines, Hay and Forage, Implements, and Other. AGCO Corp was founded in 1990 and is headquartered in Duluth, Georgia. The company’s products are sold under the brand names Challenger, Fendt, Giddings & Lewis, Massey Ferguson, RoGator, and TerraGator. Deere & Co is a leading manufacturer of agricultural equipment. The company’s products include tractors, combines, hay balers, forage harvesters, and various other agricultural equipment. Deere & Co was founded in 1837 and is headquartered in Moline, Illinois. CNH Industrial NV is a leading manufacturer of agricultural and construction equipment. The company’s products include tractors, combine harvesters, hay balers, forage harvesters, excavators, and wheel loaders. CNH Industrial NV was founded in 1999 and is headquartered in London, United Kingdom. Titan International Inc is a leading manufacturer of agricultural and construction equipment tires. The company’s products include tires for tractors, combines, hay balers, forage harvesters, excavators, and wheel loaders. Titan International Inc was founded in 1960 and is headquartered in Quincy, Illinois.
– Deere & Co ($NYSE:DE)
Deere & Co is a leading manufacturer of agricultural and construction equipment. The company has a market cap of 117.32B and a return on equity of 25.53%. Deere & Co is a well-known and trusted brand in the agricultural and construction industry. The company’s products are known for their quality and durability. Deere & Co has a strong reputation in the industry and is a trusted name by farmers and construction workers alike.
– CNH Industrial NV ($NYSE:CNHI)
CNH Industrial NV is a leading global manufacturer of agricultural and construction equipment. The company has a market cap of 17.43B as of 2022 and a Return on Equity of 29.84%. CNH Industrial NV designs, produces, and sells a full line of agricultural and construction equipment under the Case IH, New Holland, and Case Construction brands. The company’s products are used in a variety of applications, including farming, ranching, construction, and landscaping.
– Titan International Inc ($NYSE:TWI)
Titan International Inc is a leading manufacturer of off-highway wheels, tires, assemblies and undercarriage products. The company has a market cap of 947.72M as of 2022 and a Return on Equity of 43.03%. Titan serves a global customer base in the agricultural, construction, earthmoving, forestry and mining markets. The company’s products are sold in over 130 countries around the world. Titan is committed to delivering innovative, high-quality products that meet the needs of its customers.
Summary
AGCO Corporation reported strong financial performance in the second quarter of FY2023, with total revenue of USD 3822.7 million and net income of USD 319.2 million, representing growth of 29.8% and 79.6% year on year respectively. Despite this impressive showing, the stock price decreased on the day of the announcement, possibly due to investors factoring in increased costs associated with the growth. However, the company’s strong financial performance indicates that it is well positioned to continue to generate attractive returns for investors over the long term, making it a good option for those who are looking for a stock to add to their portfolios.
